Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 11/03/2018, 00:29:59 UTC
Im probably leaving the market within a week in my final distribution. AMA

Don’t sell it all.   Leave a small, inconsequential stash on a hardware wallet and forget you own it.  Forget for 10 years, until 2028.  

You can thank me later.  Much later.  

I'm not even confident that I will make it 10 more years. Already signed up for AARP membership.  Cry When the  impending financial Armageddon comes that r0ach warns us about, maybe I'll be a candidate for euthanasia rather than slavery.  Cheesy

You can calculate a withdrawal schedule that attempts to estimate how long you expect to live, so as we discussed previously, there will be a bit of a problem if you withdraw everything in 10 years and you live longer.. so your withdrawal plan should account for a probability that you might not estimate your life expectancy accurately.

You forget that I am a minnow. Most prize packages on Price is Right exceed the current value of my BTC holdings.  Cheesy

I have not really forgotten - because you tend to remind me (and others in this thread) on a regular basis. 

Nonetheless, I do believe that the same principle should apply whether you consider yourself a minnow or a larger holder.  Of course, there will certainly be some differences in approach based on whether you consider yourself to be in an accumulation stage, a maintenance stage or a liquidation stage, and that was the main point that I was attempting to make in my earlier post regarding whether you believe that you would be moving from a maintenance stage into a liquidation stage based on life expectancy considerations.