Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by AlcoHoDL (1)
I already have so much extra cash just from small sales on the way up
Remarkable result, given the 0.63BTC you may or may not have. Thanks. It is not me. Bitcoin is amazing like that. As you mentioned, I claim to have more than 0.63 of dee cornz, which used to be 3x of the accumulation target of normie newbies; however now that the BTC price went up, normie newbies might have to set their site lower, such as 10 million satoshis or something like that, which may also end up giving me permission to dip into my bottom threshold level of corn.. because it does not seem to fair to be bragging to have more than 6x larger than the normie newbies initial stack targets.
Maybe normie newbies can aim for 1 million satoshis at a time... so then I will feel bad if I say that I have more than 63 million satoshis.. .. so perhaps I will cash some of them out on the way up to $450k, yet my historical rule has been to try to at least maintain some kind of a reasonable floor level of satoshis.. .in order to feel rich and like i have options...
Another great thing about bitcoin is to spend from your other sources of income and cashflow first, especially if you want to continue to allow your stash to grow, which is another reason that I have tended to be a stickler for not selling too much on the way up, yet ONLY when you have enough or more than enough..
By the way, I keep refreshing the amount of bitcoin that is needed for my ideas of default western entry-level fuck you status, and it recently crossed below 19 BTC based on my new formulas for calculation. My assessment is that a person with that quantity of BTC has crossed over the $800k valuation based on the 200-WMA, and therefore would be authorized to withdraw up to 10% per year based on dollar withdrawals and the 200-WMA dollar value, which would be $80k per year or $6,666 per month.
My number is around that one too.
Like one of the answers I'm already having trouble getting to the office before 10AM, or getting there at all. Fortunately I can work from home last minute.
If you are approaching f. u. level be careful you do not want to pull the 
Like one of the answers I'm already having trouble getting to the office before 10AM, or getting there at all. Fortunately I can work from home last minute.
trigger and do it in one shot.
Shave a bit off at a time.
That is one of the problems in using spot price for your valuation of your BTC, and it would not be good to sell all of your BTC and then be completely in fiat.. or have to come back to working because of miscalculating the numbers... even though I think that many people just calculate how much their stash is worth, and then they divide it by how many years they believe that they are going to need it... which is not a very good way to do it... which is part of my concern when I see guys throwing out a BTC spot price and saying once bitcoin reaches that price, then I am going to pull the fuck you lever.