I was with you all the way Zedpastin, until you got to the last sentence.. Holy fucking shit.
Of course, there is no problem with being conservative and keeping your expectations relatively low (or not too high), but $250k in 10 years is a stretch, but possible.. In 10 years, $20million is a stretch, but possible.. $250k is pretty damned conservative.. but surely possible as well.
On a personal level, I do not want to be too presumptuous, so I have no problem at all to plan around something like 6% per year average price appreciation of my BTC investment portfolio.. which would end up with way smaller numbers than $250k in 10 years, but even if I am personally using very conservative numbers to protect my lil selfie.. we should also attempt to be reasonable in terms of the various upside potentials of this particular asset class that may or may not play out, but there are a lot of scenarios that go way above and beyond a conservative 6% per year expectation.. especially when considering ways to plan around bitcoin and maybe even stocking a bit more or something and not locking yourself into conservative thinking - but that would not necessarily mean taking undue risks either.. One of the nice things about bitcoin both historically and even considering current planning is that you do not necessarily need to invest a lot in order to still be prepared for the scenarios of higher BTC performance that may or may not happen (and still get richie way beyond expectations.. already happened to lots of relatively conservative peeps.. no need to mention names, right?).
I am probably being too optimistic but I would rather be too optimistic than pessimistic because there is already enough pessimists here
I joke and maybe my numbers are plucked out of the air and do not have any scientific backing but I can dream. 6% increase per year you say? I can back that I think that gives us more time to get to that financially freedom money as not all of us have the amount of Bitcoin that we need or require for that including me. I have a healthy stock but not enough to have fuck you money that I know is discussed a lot here.
Btw what do you guys define as fuck you money instead of financially free? Out of curiosity
Both are somewhat vague terms, so probably there would not be much if any difference between them, and personally, I was using the terms synonymously, but it seems to me that "fuck you" is a bit more in your face.. even though I doubt that it would necessarily have much if any difference from financial freedom.
Of course, it is possible to get an on average of 6% per year on your bitcoin investment, but I really have my doubts that performance is going to be that low unless you are really screwing a lot of things up along the way.. and sure, don't put it past normies to screw things up.
My first few years into bitcoin between late 2013 and even late 2016, I spent a lot of time in the negative in terms of BTC price performance, but now, after about 7.5 years, I have something like a 65% per year average returns..
So with that kind of a level of return, if a guy had happened to start with investing $2k into BTC in early 2014, he would have had around $136k in around this time in 2021 without investing any more into it .. 7.5 years later.
Of course, we cannot necessarily expect ongoingly to be able to get 65% per year returns, and we also should not be expecting the BTC price to ONLY appreciate 6% per year, either.. We do not know, but we have some ideas that front loading the investment is likely to be good.. but you still need a relatively long investment time horizon to have some level of confidence that the returns will be decently well.
just point out this line Can you tell me {$300k to $600k} going to be sure and very fast?
There is no "sure" in Bitcoin. And that's for sure
Let a man dream
I doubt that it is healthy to assign too high of probability to things that have not yet happened unless you were to have complete control over if and when such a thing were to happen.. which is surely not the case with bitcoin price getting to $300k to $600k.
I have been looking at articles which are saying how much you should save up before you can retire but there is one big problem with their calculations they are relying on receiving money through interest earned on their bank deposits and they mention investments into stocks but that is assuming that you always earn on them. Bank interest depending on the amount you earn might not be enough to keep up with the cost of living and would only soften the blow. That is assuming that in 20 years time that banks still exist like they do today I am hoping and this is me being optimistic again I am hoping that people decide to manage their own money with Bitcoin or with fiat.
https://www.aarp.org/retirement/planning-for-retirement/info-2020/how-much-money-do-you-need-to-retire.htmlThis article says there are 4 factors to think about before you retire. 1. Expenses 2. How much you earn on your savings 3. How long you will live 4. How much you can withdraw from your savings per year. If you keep a lot of your money in Bitcoin or all of it instead of a fiat bank then you lose that benefit of interests and the only way you earn interest is if Bitcoin goes up in price over time. I will say that Bitcoin is going to earn you more money than any interest would though.
Yeah.,. fuck those bullshit expectations that you have to earn interest.
Bitcoin is designed to pump forever, so don't be getting distracted into nonsense products or leaving your bitcoin with other people in order to strategize that you are going to "beat the system" and end up getting fucked.
Now if you accumulate 2.1 BTC, and you want to fuck around with 10% of your BTC (such as 0.21 BTC, then sure, you are not risking your whole stash, even though as you already suggested, such attempts at earning interest are likely NOT necessary and are likely NOT going to be as much as your bitcoin is likely to appreciate in value.. especially if you are potentially looking (planning) 10 years to 20 years (or even more) into the future.
So for example, you could build and appreciate your bitcoin for 10 to 20 years, and perhaps start to draw from it at 4% to 12% per year, so long as the value appreciates on average at least at that rate.. sometimes you do not want to engage in aggressive withdrawal or to rely upon aggressive withdrawal unless you already have some extra cushion or you have some really solid ways of analyzing your bitcoin value and how much to value it which may well affect how much you believe that you can draw from it while maintaining its value.
JJG has got a lot more experience than me and has good reasoning to his predictions. I hope that he is wrong but I can see that it probably is more realism than my predictions. I can not pretend that I understand all the charts that you guys post but JJG puts those charts into words which helps people like me. I would be silly not to listen a little to people more experienced than me in studying charts.
I put the Wordy Man words into a graphic for you.
HTH
NOTE: A picture conveys only 1000 words, so it may lack some detail 
Exactamente!!!!!
That's what I be trying to be talkening about.
Finally an actual regular WO member almost
mostly gets it.
Poll
