Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 03/04/2021, 02:12:19 UTC
Four consecutive quarters with Bitcoin price growth. That happened only two times in past. 2012 and 2017.



ok, now let's repeat Q2 2011  Grin

So 5 uppity quarters from 2016 and all of 2017

so how about 8 upppity quarters from 2020 and all of 2021 and 1st quarter 2022

Would be interesting, but what are the odds of 8 quarters of positive?  Odds could not be very high, right?

A short bitcoin success story:

I just submitted my last time sheet.  Officially Retired at age 50.

Mined my first coin in 2011....

Sold enough and diversified so that I can ride out the next crash (and buy the dip of course).

HODLing a even more ...  

and coming to realize, we are in fact, gentleman.

Regards all....

Sigg.

Interesting sigg.. I think a lot of folks would be interested in some of your details, such as whether you have some kind of medical contingency, which seems to be a pretty big hesitancy of many people.  Also, have you projected your income (the part that you live off) to maintain you at pretty much the same level or do you have various stages that you expect to make readjustments based on what you believe to be changes to your future ability to assure income at certain levels - of course accounting for bitcoin volatility and inflation which some of those might not be completely known - even though ballpark estimates can be made.

A short bitcoin success story:

I just submitted my last time sheet.  Officially Retired at age 50.

Mined my first coin in 2011....

Sold enough and diversified so that I can ride out the next crash (and buy the dip of course).

HODLing a even more ...  

and coming to realize, we are in fact, gentleman.

Regards all....

Sigg.

Welcome to the club.

The only advice I can give is...every project I have invested in since I retired would have done so much better if I'd just kept it in bitcoin.

Gosh.  One thing is having other investments, but another thing would be going into active involvement in some other businesses (that is framed as an investment), even buying houses to rent can sometimes end up causing a lot of work rather than just a stream of passive income.  So one of the questions with having a bitcoin investment does involve considering what other investments a person might have and which ones might be drawn upon first for income, or can a person pull the fuck you lever and then already be assured that the bitcoin investment amount is enough to maintain the standard of living accounting for inflation etc and likely inevitable bitcoin volatility.