Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 29/06/2020, 22:19:52 UTC
⭐ Merited by fillippone (2)
However, the 2k EUR/day should be more than enough for everybody

You gotta be kidding? 2k/day is defo not enough for hookers/lambo/blow type of lifestyle...  Grin

It's called delayed gratification, serveria...

Personally, I am not currently consuming my BTC, but I would imagine anyone who even invests around 2k euro per bi-weekly would likely be in a decent position for hooker, lambos and blow consumption with a 5-year investment timeline after their BTC purchases.. even though we know that the later that you get into BTC, then the more difficult it would be to get as much bang for the buck - and to the contrary, the earlier that you got in, the more that you can see that your BTC investment has paid off, especially compared with other assets, such as comparing to equities or gold.

Those of us who started our BTC investment 5 years or more earlier, surely would be in a decent position to be engaging in the consumption of hookers, lambo and blow, even in current times, seems like.

Let's just use a $2,250 per Bi-weekly (current exchange rate), and look back at where we would be today in terms of a five year investment into BTC as compared with gold and equities, using dcabtc.com.

I think surely in a decent set-up position to soon be going down the hookers, lambo and blow consumption.  7.5x investment is not a bad place to be, yet if we are attempting to be somewhat realistic, it would be difficult for anyone even to maintain $1,000 per month investing into BTC, unless they are reallocating and already decently well off.

By the way, from my own experience, I do appreciate that there are some folks who may have accumulated a decent investment portfolio in various assets over several years of their investing life, and maybe even accumulated $500k or $1million or more in terms of the size of their investment portfolio, and someone like that might want to be a bit more aggressive in term of their BTC allocation and even front loading and even appreciate having something like a $2,250 per day investment potential.

So, someone like that would maybe want to invest $100k into bitcoin and might want to invest $500 or $600 per day for the next 6 months in order to front load invest into BTC.  But if they just started out 6 months ago, even they would not yet have seen price appreciation of the value of their BTC portfolio, with around 12.2 BTC accumulated in order to help set themself up for future consumption of hookers, lambos and blow.

On the other hand, if they had put that same $100k value into bitcoin 5 years ago and spread that investment over 6 months, then they would have accumulated around 354 BTC, which might be pretty damned close to getting started in the consumption of hookers, lambo and blow (at least decently set up for such in the near future).