Quote from: philipma1957 on July 27, 2023, 01:09:50 AM

So my look at the upper 1% is a bit skewed as I know guys in the 25-800 million dollar range.

Obviously they are in the lower part of the upper 1%.

I would think that anyone that has more than $10 million in wealth would be in the 1%.. but yeah, whether they are merely at entry-level 1%, I am not sure. And, maybe it is not a good idea to count the value of your primary residence when measuring your wealth, but surely there still would be some value in the primary residence.. especially if it is mostly paid off.. and surely it can be used to generate cash.. whether by selling it or getting loans against it.

We know that for each $1 million in quasi-liquid wealth, you should be able to generate around 4% per year of passive income for that, and maybe part of the reason that no one recommends counting your primary residence as part of your wealth is because generally you are not getting any kind of passive income off of it - even if it might be appreciating in value.. perhaps?

So someone with $10 million in quasi-liquid wealth should be able to generate $33k of income per month, and surely that should well be within the 1%.. not necessarily in the "lower" 1% as you assert. Yeah, of course, there are filthy rich folks out there, and I am not even sure where filthy rich begins. I think that at one point (probably prior to March 2020), many of us were speculating that filthy rich might well start at $40 million and above, but these days, we might think that we may well have to double that number and maybe even suggest that filthy rich does not start until $100 million and above, even though surely the $40million to $99 million folks should not really be suffering in any kind of way, but maybe they cannot afford to have both a nice jet and a nice yacht? I am not sure how much you need to have both.. not that merely having a nice yacht and a nice jet would be the ONLY criteria for filthy rich.. and each of those kinds of items including having a mansion or two take extra maintenance helpers.. so there could be several $million in just annual maintenance expenses for each of the luxury items... but still some of that is filthy rich. and I am still going to say that $10million of quasi-liquid capital that you can invest solidly puts you into the 1%... even though I am kind of guessing a bit and I could look it up, but I am not feeling that ambitious at the moment.. and typing/speculating/shooting things out of my ... thingie.. seems easier than googling the answers.

Quote from: Biodom on July 27, 2023, 05:02:46 AM

Quote from: philipma1957 on July 27, 2023, 01:45:47 AM

Quote from: Gachapin on July 27, 2023, 01:20:50 AM

Blackrock's study recommends a 85% BTC allocation in a portfolio...

many WOers are at least 85% in. Imagine John Doe followed... (if global investors allocated only 1% in Bitcoin, we would cross 1m easily)
https://bitcoinist.com/blackrock-study-optimal-bitcoin-allocation/

Yep and the older guys I know all have 2-5% BTC. But they have BTC.

The question is how much will they shift. To go up to 10%-15% is likely all they will do. They will not go to 85-15 as blackrock asks them to as they do not need to.

So they have a ton of wealth with not much need to shift to btc. But they are shifting a bit.

Should be fun to see this unfold.

Their 5% could easily become 30-33%% with bitcoin going up 10X and 10% would become about 50%.

Yep.

Exactamundo!!!!

And then they are faced with choices about whether to reallocate or not.

Do you let your winners run or not? and if you let them run, then how much? and when do you stop letting them run? A lot of normies have profited stupendously from bitcoin, by not reallocating and keeping a vast majority of their wealth in bitcoin rather than putting wealth into losing investments.

Quote from: eXPHorizon on July 27, 2023, 06:04:21 AM

Quote from: Hueristic on July 27, 2023, 02:02:26 AM

Quote from: 2Pizza410000BTC on July 27, 2023, 01:51:10 AM

JUST IN - 🇺🇸 US Congressman Brad Sherman on #Bitcoin: "I don't believe that Saratoshi Nagamoto was innovative." https://t.co/qTWnndaaem

https://twitter.com/BitcoinMagazine/status/1684220413021155331?t=QBbWfL_o9A5mm5_fWGq71A&s=19
Mr. Sherman indicates " Saratoshi Nagamoto"
But who is Saratoshi Nagamoto?

So says the man who never invented anything nor propelled humankind forward in anyway whatsoever.

Tell me Exacly or give me 1 Positive Causality that Bljatcoin brought to the world or what is the positive of it ? So far it uses up as much Electricity as entire African continent , it failed its "Store of Value" test at Covid discovery and is terrible as a Transaction means and it made more people poor than sufficiently sustainable with money (Rich). I can go on and on but i do not find any positive aspect of its existence

You don't see any positives, and that is likely the primary explanation regarding why you are going to continue to have fun staying poor, just like you have been having fun staying poor up until now...

Oh well. Not all of us can prosper from some of the easier choices in regards to being able top see and then to act upon the greatest wealth transfer in history taking place in front of our eyes.. so long as we might be able to open such eyes.