Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

He used a "subtract fee from amount" thing, which leads me to believe he used Bitcoin Core wallet.

And, the fee is 8 cents to move a few million dollars.

He probably cashed out 100 of that (about $3.2 million dollars), and the rest goes into cold storage or into a native segwit address.

If he HODLs that for another 9 years, he can expect to have at least double to triple worth of that or more. The $3m should let him live off it for that amount of time or longer (possibly for at least 30 years even if that amount is never invested.) / depending on his expenses.

Oh gawd, Dabs. Roll Eyes

My first quickie read of your above paragraph caused me to consider that you were referring to the BTC portion that you are speculation to NOT have been cashed out, and then I saw that you were speculating in regards to the dollar value...

Holy sheeeeeiiitttt.

For sure, I do not mind speculating in terms of attempting to dollar pegging of value, but I surely do not consider it to be healthy for guys to be planning to lump sum cash out their BTC into dollars and then feel some kind of assurance regarding that kind of financial planning.. even though I understand that a lot of normies do want to gravitate towards that kind of dollar denominated (rather than dollar pegging) thinkenings.

For sure, BTC HODLers should be attempting to remain in the real world, and it is quite doubtful that the dollar is going to completely go away anytime in the near future, even though we have been witnessing extreme levels of ongoing abuse, in terms of the ongoing and seemingly ever increasing levels of outrageous irresponsibilities in terms of dollar printing.. but I really find it problematic that anyone with any kind of semblance of bitcoin conviction would be wanting to frame bitcoin strategies in terms of lump sum cashening out of BTC in order to secure some kind of dollar denominated future...

Aren't we here (meaning in bitcoin) in the first place, because we are having troubles in terms of having a lot of faith in the dollar being able to retain value? Sure, I am not one of those who devolve into 1 btc = 1 btc, when comes off as extreme on the other end, because no matter what we need to be attempting to peg our BTC value to something and if we lose confidence in pegging BTC value to the dollar, then we should not devolve into meaningless statements of pegging BTC to itself, and even pegging in a meaningful serving size of hookers, lambos, and blow would make more sense than either pegging bitcoin's value to itself or the nonsense that you seem to be devolving into in terms of suggesting that we should attempt to make long term assessments in regards to the dollar retaining its value or that we should peg our BTC prudence in terms of making lump sum cashening outenings of our BTC in order to speculating on having some kind of dollar security of some sort.

Quote from: Dabs on Today at 03:27:30 PM

*edit* nah, both addresses kept on moving. The first one is probably an exchange address. I'm not sure about the other one, but it kept moving and sending the coins somewhere else.

Fair points regarding trying to speculate regarding places that the BTC may have gone.