And let's also use $2 billion as your hypothetical entry-level fuck you status.
2 billion is fuck you status? *Wow*
I have now fixed it in my original post..
Forgive me this
one time I made
one mistaken character out of the
millions billions of characters
(when calculating the truthfulness of my assertion remember that pictures are worth thousands of characters) that I have typed in this here forum.
To be honest, I turned it over in my head for a little while: I guess if we're talking "Fuck you I'm leaving this nation state for another one who will be glad to have me", then 2b might be a number"
But as for the rest yeah, scale matters. If you had say 60btc and BTC fell to 15k then yeah you could still pay off the loan no problem but you would be out of the bitcoin game. It's an interesting thought experiment.
Each of us have our entry-level fuck you status, and I am not even attempting to reveal what mine is merely by describing it as $2 million. There are likely still some people who believe that having $500k or less is actually enough to have reached fuck you status in terms of their own cost of living expectations... and of course, if you are attempting to live off the passive income from your accumulated capital versus considering living off the principle too, then those kinds of considerations will also change your numbers.
Another thing is that I had been trying to choose a number that kind of fits regular and average western expectations, and I thought that $1 million was frequently the number thrown about, and even seemed to have worked pretty well as a reference point in the past 10 years or so, except after March 2020, it seemed prudent to double that number.. and gosh, I am hoping that we are not going to have to double that number again for the next 5-10 years... but who knows?
Another thing, is that I even though I understand that BTC HODLers like to get excited about spot price, and surely we are not handicapped by spot price going up, but if we are attempting to presume largely a HODLing mentality, long term investment and attempts to ONLY cash out what you need from time to time, whether that might be cashing out for the expenses of a quarter or two or perhaps cashing out for a year or two, and so there may well be risks with too much cashing out, but there are also potential risks with too little cashing out, too.
In the past year (or maybe more) I have been using the 208-week moving average as a way to attempt to measure bitcoin bottom, since it is not very frequent that the BTC price goes below the 208-week moving average and it also seems that it would be unusual for the bitcoin price to stay below the 208-week moving average for any kind of meaningful amount of time. The 208-week moving average ends up being a pretty strongly-conservative means of measuring the value of wealth that is kept in bitcoin and to calculate various strategies based on that (which is currently at $17k, so your mentioning of $15k seems to be greatly improbable and unrealistic.. except perhaps a short-term downity spikening). .. another thing with using a seemingly lagging indicator, such as the 208-week moving average is that it both tends to go up, almost constantly and any of us using that number would be able to adjust various kinds of strategies that we have based on if the BTC spot price is at or near the 208-week, moving average.. so for example if the BTC spot price is more than 3x above the 208-week moving average, it costs me about 1/3 the amount of BTC to accomplish the same dollar value.. and let's say that I was authorized to cash out 10% per year based on, I could cash out 3-4% of my total BTC value based on current prices for the whole year and still have extra BTC. Furthermore if I project that the 208-week moving average is going to go up more than 10% per year, but if spot price is only 20% or less above the 208-week moving average price, I might need to readjust some of my BTC price appreciation expectations.
And let's also use $2 billion as your hypothetical entry-level fuck you status.
2 billion is fuck you status? *Wow*
Being free of debbt is already FY status for me...
In terms of specific considerations of the various variables of getting to and maintaining fuck you status, you need to work on many of the variables besides just resolving the debt matter, dude..
Even though I mostly appreciate what you are suggesting regarding a kind of liberating aspect of getting your debt in order... sometimes, getting your various finances in order (including reducing debt - or being strategic about debt so that your assets are valued multiples of your debt) can be very liberating things to put in order..,. important for both psychology and for prudence in financial management (I am not even saying that debt is bad if it is employed strategically).
Poll
