Hey Nostridges, I updated my personal charts with the last few weeks of highs and lows which I'm attaching below. This time I'm also including more zoomed in charts with 1.05x and 0.95x the trend line showing how both the daily lows and highs relate to them over the last year. I think the charts speak for themselves, but if you have any questions I'm happy to answer to the best of my ability.
Unlike most chart makers I'm not a trader, and this is not an attempt to find a hard bottom or hard top. My intent is just to help visualize the long term growth pattern and what might occur if that growth continues. If you find this interesting that's cool, if you don't that's okay too. Don't use this as a basis for decisions to trade, just don't trade, stack and HODL.
If you're transitioning to actually living on Bitcoin and spending it to cover expenses, then if trends continue my calculations show you can safely withdraw 1 - 2% a month for living expenses and never run out of savings. The amount of Satoshi's you sell will go down each month as the value rises, eventually you'll be selling less than one Satoshi per month; this will be possible as IMO it is an inevitability that consensus will be found to divide Bitcoin beyond the Satoshi, within a decade. It is also likely to be done by adding lines of code that automatically increase division capacity in regular intervals, like perhaps at every halving. I'm not sure how it will play out exactly, but with a growth rate of 10x roughly every 3 years we're losing 1 decimal of value divisibility in the same time frame as long as we don't increase divisibility.
Bitcoin is a 1000+ year network, it will change in ways you don't expect. But you can live on it today, sustainably and forever.
#TheBitcoinBattery
