I think that bitcoin is performing fine.

Sure, from time to time, there are going to be other assets that might appear to be outperforming bitcoin in short or medium term timeframes.

The zoomed out pictures shows that bitcoin is eating the fuck out of gold's lunch, but hey whatever, if you want to get distracted by short-to-medium noise, then that is on you.

By the way, I would also consider that gold is not a threat to the powers that be, since they have already figured out various ways to control it, so there could even be some attempts by the powers that be to pump gold, even though they are likely retarded in terms of how much money they are going to end up losing by betting on the gold horse rather than on the bitcoin horse, and for sure there are quite a few folks recently coming out of hybernation to tell us how wonderful gold is.  [insert eye-rolling meme here].


I did a quickie search to ask the internet (AI is everywhere these days) whether BlueWallet uses Java Script, and sure the answer was yes.

I use BlueWallet and I have been recommending it as a "good" starting wallet... but yeah of course with any hot wallet (or wallet held on a phone), we have to be careful in regards to how much value we hold on such phone wallets (hot wallets).


I hate to do the math, even though I did the math.. the fewest number of coins that you could have (at spot prices)  to have had touched upon 8 digits would be 80 BTC.. .and in order to get 80 BTC for ONLY $5k, you would have had to pay $62.50 per coin or less  - unless you traded yourself out of your average cost per BTC...

Of course the last time that BTC prices touched upon $62.50 was in 2013.  I am not sure if it dipped all the way to $62.50 after the run up to $263 in March/April 2013, but it was not any long lasting price, even though before February or so of 2013, you could have had easily gotten BTC for less than $62.50 and even less than $10 for most of 2012 and into the first few weeks of 2013. 


That does not sound like a good idea.. but hey whatever do what you like.

Take the best investment in the world and stick it in a likely inferior investment.

If  you were to have 80 bitcoin or more, then currently that quantity of bitcoin would allow you to withdraw $410k per year in a perpetually sustainable way, and sure the main issue is cashing out $410k every year..  Bitcoin would also allow you to have a 7% increase in the amount each year... so $410k in year 1, $439k in year 2, $470k in year 3, $502k in year 4, etc, etc, etc.

I am not opposed to diversifying some of it out, even though surely bitcoin seems solid.. but again, yeah whatever floats your boat

Even if you withdrew 1/3, the remaining 53.3 BTC .. Could generate you around $280k per year with 7% increases each year, which will likely cause it to surpass the value of your inferior investment (cashflow)  in a cycle or two.  I have not worked out the numbers of course, and future performance does remain a wee bit of a speculation, too... so there is that angle, too.


It is not unreasonable.. especially if you are really ONLY cashing out around 1/3 of it.


The experience is a bit surreal for those of us who largely held and accumulated for a couple of cycles or more, and surely there can be quite a bit of value to the front loading aspect, even though it would have had been difficult to get 80-ish BTC for ONLY $5k.   I subscribe to more of the ongoing investment philosophy, even though surely buying on the dip could have had worked out.. so in some sense, you had a bit of a different approach than what I would have had imagined, even if there might have had been some front loading of the initial $5k.. I would have considered ongoing buying at least to a point.. but yeah, what do I know?

Call me a wet blanket.       


I recall seeing him chime in from time to time over the years.


I hardly buy that part either... since .let's says that the $400k per year is coming from $4 million that had been cashed out of bitcoin.  No traditional investment is going to pay you at that rate 10% .. .. They might pay you at 4% for the ability to use $4 million in cash which would be around $160k per year... .. which is also part of the justification to keep it in bitcoin, even though surely like I mentioned above, I am not opposed to the idea of diversifying. .especially if it is ONLY 1/3 of the stash....
 

Some specifics might be helpful to describe such a financial tool/device if it were to exist.

And, yeah, congrats Biodom, you out wet-blanketed me.