I think majority of us (at least me) don't care about 1k or 5k uptrend or downtrend anymore.
Imagine having a full bitcoin, those are a month of wage slavery swings!
(these kind of posts tend to age poorly, when a year's salary swing?)
Gosh bitebits, I don't know.
We know that peeps do start to get quite worked up and sometimes even engage in rash behaviors based on how much value (on paper) that their bitcoin is bringing to them.
And, they say, fuck it. I should not have to work anymore based on how well this BTC price appreciation thingie is doing.. and sometimes they end up pulling the fuck you lever too early. I just have trouble with 1 BTC being even close to enough for much of anything at this price.. except for sure 1 BTC is way better than no BTC.. and surely 1 BTC is even better than either 0.21 BTC or even my 0.63 BTC level...
but we have to try to be realistic regarding the situation that we might be in and continuing to accumulate until we either get to a good status or the price might also bring us to that good status too...
Don't get me wrong.. any amount of BTC is going to put us in a better place than if we did not have any BTC, even if we have a tighter budget or a slower BTC accumulation trajectory.
Even though I do understand that sometimes people do really rash things ... and gosh even someone who might have an income of $15k to $25k a year, might get really tempted to quit his/her job if s/he were to have something like 5 BTC, and I would say.,. don't do it.. it is not enough.. .. and gosh it seems way too premature to me, even though I can see how both normies can be tempted and some places around might not need $2 million for entry-level fuck you status.. and perhaps $500k would be enough for entry-level fuck you status in some places (that is a passive income of around $1,667 per month)... ...and even at spot price, that is going to be 10 BTC.. and I am thinking half of that.. to use $22k as a BTC price bottom, which would be close to 23 BTC to be feeling safe for entry level fuck you status.. even for the lower level of considering $500k as entry-level fuck you status.
But, look at me.. Mr. conservative.. and not wanting anyone to pull any fuck you status too early, even if BTC's price appreciation is putting them in better and better status.. including having more options, even if they are not able to reach their personal entry-level fuck you status.
By the way.. I agree with you point about the magnifying impact of BTC price swings for someone who might even have modest amounts of BTC.. and let's take a person with 10 BTC.. and BTC prices are swinging $1k to $5k within 24 hours or even less.. so yeah, that ends up being $10k to $50k price swings and a BTC portfolio that is already spot priced at somewhere in the ballpark of $1/4 million.
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