Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 13/08/2021, 02:26:54 UTC
I love it how people here like to speculate about members 'imaginary' stashes and 'f-k you' (FU) levels. Albeit, I am now logged in and don't see it anymore.
If someone with tells me that they are not affected in a slightest when btc drops (or gains) 50% in a week, I would say...good for you.

Here is my description of FU levels for luls.

Lvl0 ~$2mil, a good/great number in a 3rd world country, a good FU number in cheaper parts of US, NOT FU on the coasts.

Lvl1 ~$10 mil, a serious money. If you diworsify this amount from btc into stonks like VT (not rec this by any stretch of imagination), you would get 160-180 thou/year in divvies and could borrow against your equity to get ridiculously low % loans (like LIBOR [currently 0.12%]+0.5%). Considering that VT long term appreciation rate of ~7-8%, you are fine. FU, but not really rich.

Lvl2 ~$100 mil. Money is not a problem, you can easily buy multiple residencies in nice places (at least 3-4). Easy to generate $1.5mil-1.8mil/year in divvies plus approx $7 mil (on average) in appreciation/year. With ~$7 mil of annual budget, you are 'rich' in $$ terms.

Lvl3 ~$1000mil (1bil). You can meet anybody you want, politicians ask you for advice and for campaign contribs. Somewhere between Lvl2 and Lvl3 you become a "real" player.