How much #bitcoin does a person need to sustain his or her future?
What amount of #btc should a person strive for?
#asknostr #coffeechain #sunday #plebchain #grownostr #freedom #freedomtech
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Replies (9)
As much as possible 💪😎👍
Depends where you plan on retiring and what sort of lifestyle you'd like to maintain in that place.
But more *scientifically*:
- find out how much money you spend in a year
- take that times ten
- once you stack in Fiat terms didn't fall below that number in the bear market bottom, you should be set for live 😇
I have a slightly more risqué approach. Yearly needs x4. (With an equal amount still held in BTC. Sell at cycle tops, rinse and repeat.
It's not the amount of Bitcoin, it's the lifestyle You wanna live that matters.
I'm not confident I will be able to time any tops, so I would just sell monthly, to hodl as long as possible.
Maybe twice the monthly amount around the hype phases, not sure 🤔
In my projection I just assume a 10% yearly increase which is very bearish, and ignoring inflation.
But if you're gonna take a shit on your bosses desk you want to take a very conservation approach 😂
And who knows, we might go banana soon 🤷♂️
FWIW, my prediction is that we don't go North of 200k by the end of the year and we'll be back down to about 80k by the end of next year. Who knows though🤷🏻♂️.
I think 0.1-0.5 BTC is a good goal for millennials and enough for retirement ( not to retire in the next 5 years). But retire early
I think that's just likely as well.
Maybe a higher low, with all the institutions gobbling up coins 🤔
If Trump SBR actually buys, that would be huge as well, but who knows 😂
I'm just gonna DCA, I'm a simple man 😅