Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
eddie13
on 22/09/2021, 21:47:54 UTC
⭐ Merited by JayJuanGee (1)
So a friend of mine is with KBC (bank) Didn't had any issues sending money in or out, from today they don't allow any deposits or whitdrawls anymore...

They getting more and more afraid, the dumb banks don't embrace or try to embrace BTC... they will get rekt thats a fact.

What are some of the background aspects?  Did the bank make some kind of a connection to BTC?

Were deposits or withdrawals related to BTC?  Did the guy have other sources of income and sometimes if there is some other business connected with the person (or account) then the bank will allow more high amount volumes of in and out because there is a business entity that is also connected with the account. 

Might need a few more background facts, duderino.


Exactamente, eddie.  That seems to be 3x the amount of our current generally applicable BTC accumulation goal that we would like to impose upon newbies... gotta start somewhere and surely nice to be 3x the current initial BTC accumulation goal.

Newbies coming into bitcoin are likely going to have to start out with some kind of a target BTC accumulation level, and several of us have been considering 1 BTC as a wee bit too high of a entry level target accumulation level, so a newbie is going to have to work his/her way up the ladder of BTC accumulation, and surely some normie newbies will be able to be more aggressive than others.

A kind of reasonable and practical and generally applicable starting point would be for newbies to try to set some kind of reachable goal and to get to 0.21 BTC.. it has some symbolism to it, and it is way more "reachable" than shooting for 1 BTC right from the start.  At today's BTC prices, 0.21BTC would a bit less than $10k but still reasonably reachable.

I had been asserting that older time bitcoiners have likely reached and or exceeded the target levels of newbie bitcoiners, and I have even conceded (admitted) that I have accumulated more than 3x the level of a newbie BTC investor.. so I am kind of richie status.. relatively speaking...especially compared with a newbie who is just starting to accumulate BTC.. .maybe starting with DCA investing at $10 per week or being more aggressive with $100 per week, or even if there might even be more aggressive approaches that involve lump sum investing too.... depending on how much lump sum that might be available and also depending on how much cashflow is available and other financial and psychological circumstances.

We each have to start somewhere and some times the longer that you are into bitcoin the more that you are able to accumulate.  Even with you, eddie, you have a forum registration date of October 2015, so you likely could remember that there might have been some transition between having 21 BTC as a goal or 10 BTC as a goal, but the goal amounts have been coming down through the years.. especially for newbies, and especially considering what kinds of goals might be reasonable to attempt to reach, on a broader level.. even though of course, individual circumstances can vary, too.  So we surely did go down from 10 BTC to 1 BTC and now 0.21 BTC is starting to seem like a fairly reasonable BTC accumulation point, especially for a newbie, and then if the goal is achieved, then to perhaps create higher and higher BTC accumulation targets that of course would be attempted to be reasonably tailored to personal circumstances, too.

Ok that makes sense..
Yeah I remember the usual goal being 21 BTC, then Kindof 2.1, and now 0.21 I guess..

As the price goes up by an order of magnitude, iguess a good goal should go down by the same..

I sure don’t have 21 BTC LOL..