Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Also, who remembers the $1k Bitcoin party...
I do. Didn't last long though.
It wasn't the most fun for me as I was coming to realize I wasn't going to get my 50 coins back from Gox and I had <100 coins left.
Luckily 2014-5 gave me the opportunity to buy back many more than I lost.
This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.
I'm still gonna wait for the price to double a few more times before getting into my stash and making any real purchases. Anything under $10m is still just comfortable. I'd like to experience being rich before I get too old to enjoy it.
You don't need to disclose any further details or admit to anything; however, I am going to place you in the about 160BTC club (give or take 15 coins); therefore, having a $10million portfolio is going to require $62,500 value for bitcoins, and surely you do not need that much dough, as an old foggie to live comfortably.
I am actually going to quibble with your target and suggest that anything in the $2million to $5million territory is going to be sufficient for you to start withdrawing some value - and surely you need not withdraw principle, because it is likely that anything you withdraw is going to be far and above your principle investment. Therefore with a more splurgy investment, you could start withdrawing at $12,500, and the most conservative of the range, you would start withdrawing at $31k - which really I think is much too unnecessary, especially given your old foggie status.
Hahahaha... that is called "unsolicited advice"... I concede that we all hate unsolicited advice.