Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 07/01/2023, 07:32:05 UTC
⭐ Merited by sirazimuth (1) ,vapourminer (1) ,John Abraham (1)
Snip
Jay, To be honest, I didn't get the whole fuck you status yet.
Can you please explain more? Sorry, I am new here.
[/quote

Sorry.  I have been referencing it so much, so sometimes I don't really explain the concept very well.

The essence of the idea would be at what point do you believe you would be able to solidly be able to generate enough income from you investment portfolio (or your investment portfolio is at a large enough size) that you would feel comfortable to quit your job.  Entry level fuck you status would be just getting into that area, and surely some folks are going to define fuck you status in different ways including that they might still continue to work, but know that they have the option to quit at any time, so they feel that they are at fuck you status.  Some people might still work and take on projects, but feel that they are at fuck you status because whatever work that they do is not needed financially in order to largely maintain their lifestyle, their accustomed standard of living or any advancements in their standard of living that they anticipate entering into.

I have some further attempts to explain entry-level fuck you status on December 28, 2021 in the third post of my outline of investment ideas thread.  Hopefully, the additional rambling references help.

Another aspect of fuck you status is to evaluate when we are there, which is more difficult in such a volatile asset such as bitcoin, so frequently I like to refer to the 200-week moving average in terms of trying to figure out fair valuations (in terms of anticipated bottoms) - even though we are currently way below the 200-week moving average at the moment (200-week moving average currently above $24,400).