Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 21/03/2021, 15:57:08 UTC
I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless

I think this might be becoming a thing... my last day is April 2nd..  officially retiring early.  Sold a smallish chunk to diversify so that if we have an 80% crash, I can ride it out without selling the dip... but yeah.. mostly the same plan.   good feelings Smiley

8+ years later I'm retired with a close to double-digit $million fortune. What an incredible experience it's been.

Congratulations to all of you.

This could be an interesting poll -- who of us has retired thanks to bitcoin?
It's not my time......yet! too small of a fish.

Don't want to get into any of your specifics or your OPsec, but $50 per week for 7 years would have put relatively "small fish(es)" into a decent place... - nearly 22 bitcoin and a value of nearly $1.3 million - with "ONLY" about a $18.5k investment spread over 7 years.

There could have been a problem with anyone to attempt to be consistent in such investing into BTC over the years and even having some sense of frontloading the investment stake could have caused the BTC accumulation levels to become MOAR higher than those listed in the above linkening... and another thing would have been NOT getting shaken from coins at various points along the way - or temptations to sell some of dee lil fiends to try to accumulate more coins and take those selling actions at the wrong time or failing to buy at the right time (getting too greedy or to smart).

Another thing, as we have been discussing is trying to figure out how much is enough coins based on a variety of factors including ongoing volatility and expected volatility - and maybe another doubling or tripling of value could help... which does seem reasonably reachable within this cycle (odds of such may be approaching 30% or greater?  I know some peeps are putting odds of another 2x or 3x or even 5-20x this cycle at greater probabilities than I am assigning, but hey, I really hate counting any chickens before they are hatched - even though I am NOT at all in any kind of disagreement about either the asymmetric nature of the bitcoin bet or that the odds for having "great" upside performance in bitcoin seems to be way higher than any other asset that I can imagine investing into at this time).
I can't be consistent about brushing my teeth, let alone investing $50 per week or whatever over 7 years.

At least you are honest and admit to your limitations.