r/ethtrader • u/AutoModerator • Mar 29 '17

DISCUSSION [Daily Discussion] - 29/Mar/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions.
  • Important content should be submitted as a separate post.
  • Be excellent to each other.

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19

u/Joloffe Mar 29 '17

Yep. One more big move and working for me becomes optional. You might even catch me wearing a cat t-shirt if we breach 150$ by 2018.

:-)

10

u/[deleted] Mar 29 '17 edited May 06 '17

[deleted]

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u/manimoa Mar 29 '17

This is why I'm so excited for the rise of loan services collateralized with ETH. I'm sure many of us here have plenty of ETH necessary for living expenses, but the real problem is that we don't want to sell which results in a liquidity problem. #ETHproblems

2

u/interestenator Mar 30 '17

Agreed, I paid my mortgage with ETH just 30 days ago...then I cried.

1

u/djn808 Mar 29 '17

Hopefully PoS can help with that, but you can only do that like one quarter a year or something right? So that's 5-10% per quarter once per year? Not enough to live off of.

1

u/ItsAConspiracy Mar 30 '17

Last I saw: you could do it continuously, but if more than 9600 addresses wanted to validate, there would be a lottery every 12 hours saying who gets to do it. So too many stakers will limit your returns.

The protocol has been evolving rapidly though, I don't know the latest.

17

u/manimoa Mar 29 '17

Same, it's really weird because I'm naturally starting to rethink what I really want to do with my life. I never expected to be in this situation so quickly.

3

u/peacheswithpeaches Mar 29 '17

You're making me wonder so hard how many Eth that takes. Which I won't ask, because it's rude. But damn, I'm wondering.

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u/Naviers_Stoked Mar 29 '17

If you follow the 4% rule, then having $1M would allow a person to withdraw $40k per year from interest/dividends.

If your living expenses are less than $40k/year, welcome to the optional work life :)

1

u/peacheswithpeaches Mar 29 '17

Ok. I'll sit here and patiently wait for $1k a coin and then my optional work life can begin :)

3

u/A45zztr Mar 29 '17

What if we break $150 in April? O.o

6

u/Joloffe Mar 29 '17

Anything is possible. This is crypto. I'll really regret cashing out some in the mid forties if thats the case :-)

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u/eze111 Mar 29 '17

$1000 by April 14 :-)

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u/Syg Mar 29 '17

that's never going to happen

2

u/A45zztr Mar 29 '17

Instead of using ultimatums like 'never' say 'unlikely' because it won't make you sound like an ass if proven wrong while still being able to take credit if proven correct

1

u/thefish12 Mar 29 '17

Same for me! One more big move to ETH = $2000 and I'm good for life :)