Quote from: Biodom on January 21, 2024, 06:38:21 PM

Quote from: WatChe on January 21, 2024, 11:03:18 AM

Quote from: bitmover on January 21, 2024, 01:26:17 AM

Hey, it's working again. I made a mistake while uploading the files for the last version.! You can check it out.
I will soon add it to the menu of the website

I still see that glitch. Correct me if I am the only one getting that error? Bitmover says its fixed but not at my end.

Price of Bitcoin is way ahead of 200-week moving average which is 30k$, so there is nothing to worry about. Just a small dip and Bitcoin once again back onto track.
There was too much expectations from newly launched ETF's and they fail to have any significant impact on bitcoin price in there initial days of launch. Give it few more days and we will see whether they can have any impact on bitcoin price.

No glitch for me...great site, thanks @bitmover and @jjg (for providing some excel sheets).
It's kind of both inspiring and sobering at the same time, though. Let me explain what I mean:

Even if someone has 10 bitcoins (which is at least 3810X of what an average earthling can have IF bitcoin is more or less equally distributed), they still can use only $1380/mo, if I understand it correctly. This site (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) says that only 864K addresses have 1-10 btc.
What i am basically getting at is that even if someone has 10btc ($400K roughly), they can only "rake" $1.4K a mo from it (if you go with a conservative 4% instead of default 6%), which is enough only for just a subsistent living in US.
EDIT: a simple calculation shows that for a comfortable in most of the country mid to low upper middle class living ($10K/mo) you need approx 72-73 btc (only 130K people maximum have that in the whole world or 0.29% of bitcoin wallets, same reference as above).

Why inspiring? Because it shows the price appreciation potential as having the top 1mil out of potential 8 bil wallets (simplification, of course) or 0.0125% OUGHT to be enough to provide more than barely surviving in the future, all things considered.
TL;DR Even bitcoin "rich" with 10 btc cannot use it for a sustained living YET.

I think that it is all fine and dandy to be playing with the tool in the kind of way that you are suggesting, and I am not sure why you want to be such a rebel and to move the goal posts, since I surely had not been considering anything even close to 10 BTC to be sufficient to be fucking around with withdrawing rather than continuing to build.

Even right now my entry fuck you status chart shows entry level fuck you status to be between 69 BTC in December 2023 and 59 BTC in June 2024, and surely I was playing around within the context of coming up with the website that bitserver designed, I was playing with a scenario that showed the use of 21 BTC as a budget that stared in September/October 2022, so that quantity of BTC had gotten shrunk down to just below 20.5 BTC in the past 15-16 months if we were to account for hypothetical December 2023 and January 2024 spendings.

Quote from: JayJuanGee on December 03, 2023, 09:03:32 PM

Even from the above chart, you can see that withdrawing was at quite low rates between October 2022 and May 2023, but even the maximum rates were reduced during quite a bit of the earliest months of that whole hypothetical since the withdrawals would have had started to employ around the dip down to $20k and during the quite a bit of time that BTC prices had dipped down to $15,479 so withdrawal was self-restricted.

So far I had been using 4% rather than 6% for that particular hypothetical because I consider that account to still be in a kind of growth stage in which it is not really clearly at entry-level fuck you status, so it seems that it is largely just reaching marginal levels of withdrawal that would be more like supplements to income rather than being able to live off such amounts, especially in western countries.

I think that if I continue to use 4% with that account, then I likely will be able to move it up into the 6% to 10% zone once the account reaches entry-level fuck you status, which may well be in mid 2029 when entry level fuck you status is getting down to 18 BTC, and it is difficult to know if there would still be 18 BTC in the account by mid-2029, but even if there are less than 18 BTC in the account then surely by late 2029, there will ONLY be a need to have 16 BTC in order to be at entry-level fuck you status, which may justify moving into the 6% to 10% withdrawal rate arena.

And, by the way, another trick up my sleeve in terms of that hypothetical account is that if I were to sell out several months in advance during periods in which the BTC spot price were to go several times higher than the 200-WMA, then I may well might be able to use some of the proceeds from that sold BTC to buy back several months of credit of BTC so then to increase the balance in the account and thereby increase the authorized withdrawal amounts based on the balance of BTC going up merely within the already authorizations that exist within the hypothetical account.

Sure if I was already using the account with somewhere between 59 BTC and 69 BTC, then I may well already start to consider that I would be able to move to higher than 4% withdrawal rates. Maybe 5%? But maybe even going into the 6% to 10% range, so there still can be quite a bit of discretion in terms of how to use the tool or to come up with your own parameters in terms of how to either maintain or to start to engage in perceptibly (and potentially) sustainable withdrawing of your BTC to suit your own purposes.

Quote from: darkangel11 on January 21, 2024, 08:40:00 PM

Quote from: LFC_Bitcoin on January 21, 2024, 07:56:20 PM

♦️ Correction before halving (maybe to $30k-$35k)

Maybe such pre-halving correction has already occurred. Take 2016 as an example. The Halving was in September and there was no big correction before or after, the price was more or less flat.
The only dip was due to a large bitfinex hack and it was only around 16%. We've just experienced something similar.

I largely agree with your points, however it is nice to get your dates correct.

In 2016, the bitcoin halvening was on July 9th.

https://www.linkedin.com/pulse/overview-bitcoins-second-halving-2016-cifdaq-tmunc#:~:text=The%202016%20halving%20occurred%20on,was%20reduced%20to%2012.5%20bitcoins.

Of course the end of 2015 was an interesting end of the year pump from $250 to $500 and then a correction back to $300 and then gravitating towards the lower $400s for most of the next 6 months until the end of May 2016 we got a another pump from lower $400s to mid $700s until the bitfinex related crash and the uncertainties around that going in August, but they had a plan and reopened fairly soon after their crash, as if they might have been too organized.. ..

but yeah, there ended up being a slow recovery through the rest of the year (2016), but nothing really to sneeze at with ATH being reached and maybe only questions about the blocksize wars starting to intensify in early 2017 but BTC prices still kept going higher, even if slowly while the blocksize battles were happening and various corrections along the way until the segwit fork of August and then some of the resolution around that largely ongoingly showed BTC as the winner. but yeah, a bit of outrageous exuberance compared with BTC's price performance in 2021, even though I am not really complaining about 2021, either, even though surely many of us were scared in March 2020.. but many of were not so scared as to perform a mindrust.. but surely there were likely some silent mindrusts and/or mini-mindrusts who just did not admit it.