Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Krubster
on 20/09/2024, 22:52:36 UTC
⭐ Merited by d_eddie (1) ,JayJuanGee (1)
That sounds like a very sustainable withdrawal system if you are selling 2% every couple of years, yet I think that many of us might recommend spreading out your sells to be several times every couple of years rather than 2% to cover a whole 2 years, especially since this seems more like a consolidation area (and close to the bottom) rather than anything close to toppy.
I usually just sell once every month, just enough to cover my expenses. Like a salary. You may call it DCA in reverse, I don't know *shrug*. Keeping (near) all of net-worth in btc at all times has served me well so far.

I don't know why I sold so much this time. I had more coins than usual on CEX (due to the Mt.Gox payout), maybe that's why. I prefer to keep everything in self custody. It was a moment of weakness, I'm not proud of it...

I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.

15% is pretty spot on. I chose ELSP (Early Lump Sum Payment). Those who chose Final Payment would get around ~20% I believe, but they haven't been credited in full yet as far as I know. I just wanted it to get over with.