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29208105 No.29208105 [Reply] [Original]

If bitcoin hits 100k, I'm officially worth $3m and will retire. However, this is not a certainty, and I'm considering pulling out now at 55k.

What are your thoughts on this ? Will BTC hit 100k this bullrun ?

>> No.29208167

You'd be a retard to pull out now

Also 3 million is not nearly enough to live off

What are you in such a rush for? You're perfectly set, just have some patience

>> No.29208201

>>29208167
3 million USD in indonesia is more than enough.

>> No.29208231

>>29208105
self half and chill

>> No.29208267

what coin on coinbase will make the most money rn?

>> No.29208284

>>29208267
RSR

>> No.29208288

>>29208231
This is the reasonable aproach.
Consider we're still quite early in this run, though.

>> No.29208313

>>29208105
Just hodl

>> No.29208344

>>29208105
take half keep half.

>> No.29208355

>>29208105
chill dude
100k is fud

>> No.29208383

>>29208167
3 milli is at the very least 120k a year in the most safe investments imaginable (s&p). The good part is that you also will be protected from any inflation level since stocks pump with any QE/money printing so your earnings will be higher if inflation ramps up.

>> No.29208422

We are close to touching the top of the peak regression band, but this time it's probably gonna play out differently with all this buying pressure.

So overall, the math that is based on previous bull cycles says sell at 58k-80k because that's gonna be the peak, but the problem is that it's probably bad data at this point.

>> No.29208450

>>29208284
not supported unfortunately. any other suggestions?

>> No.29209002

>>29208105
you will never sell the exact top, but if you never sell during bull run you will surely end up holding for years during bear market losing 90% of the value.

>> No.29209043

>>29209002
so, when do I sell

>> No.29209048

>>29208201
yeah but if you lived in indonesia with that kind of money locals would probably murder you

>> No.29209071

>>29208167
3m is comfy even in america

>> No.29209104

>>29208105
>What are your thoughts on this ?
https://www.youtube.com/watch?v=Xkg7dp1QY9k

>> No.29209302

>>29208105
> $3M
> retire
> negative interest rates

Anon, your problems will just begin.
The boomer advice was that $1M was enough to retire because 5% interest on $1M in T-bills would pay you a 50K a year, i.e. a living wage.
Then it was upped to $3M because inflation.
Except with negative interest rates, that scenario no longer works. Does not matter if you have $1M or $10M, inflation will eat your principal.
Also hyperinflation is on the horizon.
I'm Eastern Euro, my dad had equivalent of $100K in the bank in January 1990, by December he was down to like $5K.
This is why /pmg/ is stacking metal like crazy.
Worst case is you run out of money when you are 70, no other income, unable to work, and forced to anhero.
You have $3M, now your homework is how to secure that $3M and this is not easy at all.
Ironically keeping it in crypto is not a bad idea at all.

>> No.29209686

>>29209043
a. on the way up, selling portions
b. when btc starts losing major support

you dont want to get greedy like when after 20k people waited for it to get touched again to sell at exact top and ended holding through 3k.

imo this isnt a bad place to start selling as nobody with a right mind is willing to pay over 50k for a digital coin and no retail will fight over fractions of a coin like media would want you to believe.

>> No.29209712

>>29208450

Uni

>> No.29209713
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29209713

OP is worried that bitcoin and maybe crypto in general is a bubble and or ponzi scheme thaht will eventually end and that will take everything invested in it
'
How secure is bitcoin's future? is our interaction with it liable for sabotage and or government control? or being compromised in some other way? like maybe there some sort of mechanism for "reset"ting society in what could be called a "great" manner.

>> No.29209717

>>29209686
sub-zero IQ post

>> No.29209800

>>29208167
>3 million is not nearly enough to live off
False, even at a safe 6% return on this invested is about $180k a year, if you can't live off $180k a year you need to revaluate your life choices.

>> No.29209822

>>29209043
Its not a binary game "sell all" or "sell none". Sell in chunks as you reach desired price points. You never sell out the entire bag at once on an asset you're bullish on.

>> No.29209827

>>29209717
says who?

i just dont want op to join the "i bought at 20k, held during bear market for 4 years and now im in profit therefore im a genius because now price is 50k" army

>> No.29209931

>>29209800
>a safe 6% return on this invested
Invested into what?
T-bills at 0%?
The boomer rules no longer work.

>> No.29209965

>>29209048
Do you really think there are rich-people places in any country?

>> No.29210000

>>29209043
Don't sell all at once or get fucked over by taxes

>> No.29210048

>>29208105
Imagine retiring at $3 million. That’s fucking middle class.

>> No.29210059
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29210059

>>29208105
this bullrun still has like six months to go, just wait for now. It's not gonna crash in a day and even if it does it's not gonna go below 30k

>> No.29210106

history repeating itself will make us all made men, especially for another cycle as predictable as this one would be
thats why history wont repeat, it will never be that easy in this bitch of a kali yuga, the timeline of suffering

>> No.29210131

at least
or you could wait until 2025 and be worth 30mil

>> No.29210139

>>29210059
I agree but that data looks ass-pulled

>> No.29210196

>>29208105
Theres nothing that suggests 55k is the top right now

>> No.29210202

I'm at 1 million eurobucks and will probably cash out at 3 mil, if I hit it, and only keep 1 btc or so. Tax friendly country and I have a math degree so I'll just chill without having to wageslave too much. Plus you can always reinvest a few 100ks after the bubble pops.

>> No.29210332

>>29210059
Where did you get this pic?

>> No.29210335
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29210335

>>29208105
Why do you all retards have to go 100% on everything all the fucking time? If you have to cash out why not just fucking take 50% out?

>> No.29210497
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29210497

>>29210332
I got it from here kek
here's another

>> No.29210623

>>29208201
>3 million USD in indonesia is more than enough.
wtf you can live like a sultan with that kind of money in indonesia. Holy shit you made it multiple times.

>> No.29210721

>>29208105
well yeah probably. I'm more worried about what is going to happen to the price of of APOLLO when it lists successfully too though

>> No.29210755

>>29208105
70k

>> No.29210800

Why not set a stop loss?

>> No.29210849

>>29210335
because we're not pussies?

>> No.29210921

>>29208167
are you fucking retarded?
3m is more then enough

>> No.29210953

>>29208105
idiot
btc will be worth everything in the future

>> No.29211170

>>29208105
>If bitcoin hits 100k, I'm officially worth $3m and will retire.

No you won't.

I have 4.5mil and have no plans on "retiring". Once you get this level of maturity in the game you can keep making money in it forever.

>> No.29211212

>>29208231
>self half

lmfao, great advice, bro.

Just sell half, theory.

>> No.29211215

>>29208105
Imagine being this weak handed

>> No.29211309

>>29210849
Selling all your BTC because you're a scared little bitch isn't being a pussy?

>> No.29211391

Retire and do what tho?

Trading is pretty much something retired people do.

>> No.29212039

>>29208105 Sell 50% now and keep going. Resist the big crash before 100k then hodl til it recovers.

>> No.29212267
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29212267

>>29211170
>>29210921
>>29210202
>>29208167
>>29208105
I personally think, in this day and age 10 million is the "made it" retirement number. More than enough to live off the interest alone while keeping the rest in conservative investments. Then you can either hermit in your dream home or travel the world at leisure (a personal dream of mine)

3 million is fine, obviously, but it can go fast if you're careless or something goes horribly wrong outside your control (car accident, loved one gets super expensive disease, some epic global disaster, etc)

>> No.29212476

>>29208105
Remember to pay your taxes anon, is that 3m pre or post tax

>> No.29212637

>>29208105
You should start dca'ing out now desu. I honestly think the peak could be between 62k(would disappoint many) to 300k(if we touch 300k, then we are probably hours, if not minutes, away from the bubble bursting)

>> No.29212703

>>29208105
Selling before 100k is dumb as fuck. Bitcoin will reach at least 160k, but probably can even go to 250k.

>> No.29212714

>>29212267
>travel the world at leisure
Anon I dont know how to tell you but that way of life is gone.

>> No.29212752

>>29208105
take 1,5M and run friend, have a good life, you fuckin made it and beat the casino. run and don't look back.

everyday you are not cashing out you are reinvesting the amount.

dont fall for fuckin idiots with 1000$ stacks typing hold in their dark rooms with piss bottles telling you to hold.

1 000 000 $ is fuckin made it everywhere in the world, if you are not fuckin retarded with the money and wont start buying new cars and gold chains.

>> No.29212919

Tether is a ticking time bomb and it will take down everything with it.
Bitcoin will have major losses but it will be one of the few to recover. Cash out half and you will be fine if you have diamond hands anon.
God Bless you.

>> No.29212986

>>29208105
>Also 3 million is not nearly enough to live off
Maybe not in Dubai

>> No.29212993
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29212993

>>29208167
Anon you should send us some of your BTC as a gift. We're in need of more funding to fight the neo-nazis online!

>> No.29213047

>>29208105
Take out 500k and leave the rest

>> No.29213799

>>29210202
Based anon.

>> No.29213917

>>29210497
This is the best one. Its gonna 100% predict it

>> No.29214616
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29214616

>>29209713
Kek. Underrated post

>> No.29214698

>>29212993
>Alan Dershowfish

>> No.29214793

>>29208105
How much of your 3 mil are you keeping after the sell tax is the question

>> No.29214893

>>29208105
We'll likely go to about 300k this cycle.

>> No.29214895

>>29208105
At the end of 2017 my net worth was ~7 million. Besides securing a house and a fat money market account I didn't sell. My net worth is now closer to ~18 million. It was never about the money. Clearly it is for you.

>> No.29215124

>>29214895
You're the worst kind of person when there are so many of us struggling to survive and just need to make enough to have a life. Send some of your btc this way if you really don't care about it.
1LAKgrFDes9ZvEVR4bDG1fZVRnuFpHS9JJ

>> No.29215196

>>29208105
pull out half

>> No.29215208
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29215208

for all the new frens
>>29210106

>> No.29215467

>>29212752
>dont fall for fuckin idiots with 1000$ stacks typing hold in their dark rooms with piss bottles telling you to hold.
you think it will crash instead of getting people rich?

>> No.29215546

>>29215124
How do you come to the conclusion that I don't care about my bitcoin? Are you fucking retarded? Kill yourself with kindness.

>> No.29215576

>>29208105

In Poland 3M$ is like 12M-16M PLN.

A flat in big city is 500k PLN, big house in rural area is 500k PLN. I earn about 50k PLN per year and its almost enough to maintain middle class lifestyle.

In b4 Poland is on same developement level as France surrpasing them in many respects (like quality of internet connection) only downside is you are surrounded by Poles but you can adapt and even grow to like us.

>> No.29215649
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29215649

The pull out method doesnt work

>> No.29215663

>>29215546
>never about the money
People who say this shit are always over privileged and don't appreciate the struggle of the average man. A fucking $100 gain is genuinely meaningful to us.

>> No.29215712

OP doesn't realise, he can already retire and his bitcoin investment will pay his interest. Bitcoin is going anywhere, it isn't going to crash, just start living off of it. congratulations, you've retired.

it's the volatility of fiat you should be worried about, not bitcoin, only cash out what you need in USD in small amounts

>> No.29216239

>>29215663
I understand that your pathetic existence has lead you down a path of ignorance and resentment towards strangers instead of realizing the faults that have made you a failure and fixing them. Besides mining my first purchase was ~$10 a coin. You know nothing of what you speak. You will never make it.

>> No.29216710
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29216710

>>29208201

Ive been to Indonesia, Indonesians are overall extremely peaceful and generally harmless. They would not kill you . the horrible Traffic might though

>> No.29216886

>>29215124
Loser logic. You don't get rich by handing out money to beggars.

Reported.

>> No.29217040

>>29208167
He can live frugal and buy boomer stocks to live off of

>> No.29217137

>>29208167
demoralization larp thread, idk why you retards bump these

>> No.29217552

>>29216239
Well said

>> No.29217627

>>29208105
Should I drop two hundred on Bitcoin rn? It's all I have -__-

>> No.29217687

>>29210059
>past performance does not guarantee future returns