Two percent of stash...
Maintaining all costs for years.
He's living the dream.
I will proclaim that even if every two years Krubster or anyone else were to be cashing out 2% or even up to 10% of their BTC stash, the value of their BTC stash is quite likely going to be growing faster than the amount that they are cash out, even though strict 2-year schedules would likely end up being a wee bit awkward in regards to selling BTC since there will likely continue to be some uncomfortable dips that might occur during uncomfortable times (causing desires to not sell during such dips, while at the same time trying to figure out some kind of a practical work around) yet I still would consider that the overall dollar value amount of BTC cashed out would still be tending to be going up as long as the cashing out was not happening at bottoms (and yeah none of us can really proclaim to have great insight into exact tops and bottoms in any kind of precise way). Furthermore the cost of living (or standard of living) is likely going to be ongooingly going up with the passage of time too, so we likely have to project that our costs are likely going up quite a bit more than the stated inflation rate.
I cannot really proclaim to know specifics of Krubster's situation, so I am kind of guessing some kind of a cashing out scenario, and in some sense, it seems likely that @OgNasty could claim some credit for an anecdotal example of Krubster being a GOX sale, whether Krubster admits being such a case or not. Accordingly, it seems to me that Krubster is suggesting that he had gotten a decent GOX pay-out which truly on the margins could have had contributed motivation in regards to his current timing to sell some cornz (in the ballpark of 2%) during these times.
I tried to project out some kind of a potentially reasonable cashing out scenario on paper that might regard any BTC HODLer guy who might have had largely got into BTC with most of his stash around $10 in 2012, and then suggesting living off of his stash since 2017.. so yeah, I know that I am going to be quite a bit off with the specifics of Krubster's exact scenario, yet some similarly situated HODLer/Accumulator's scenario might go something like this with a starting out stash of around 320 BTC (which leaves around 246 BTC after this month's cashing out).
Something like this:
Date BTC Price Buy Amount BTCbuyAmt BTC balance $ValueHoldings %BTCSellamt BTCSellamt soldValue soldTotal10/15/12 $10.00 $3,200.00 320.00000000 320.00000000 $3,200.00
11/2/17 $7,000.00 297.60000000 $2,083,200.00 7.00% 22.40000000 $156,800.00 $156,800.00
6/20/19 $9,500.00 275.20000000 $2,614,400.00 6.00% 17.85600000 $169,632.00 $326,432.00
2/20/21 $56,000.00 257.34400000 $14,411,264.00 2.00% 5.50400000 $308,224.00 $634,656.00
3/20/22 $42,000.00 251.84000000 $10,577,280.00 2.00% 5.14688000 $216,168.96 $850,824.96
9/12/24 $56,000.00 246.69312000 $13,814,814.72 2.00% 5.03680000 $282,060.80 $1,132,885.76
9/12/26 $80,000.00 241.65632000 $19,332,505.60 2.00% 4.93386240 $394,708.99 $1,527,594.75
Yeah.. the format of the table does not look the greatest, but still, you get the idea that it seems that less and less BTC would be generating more and more dollar value, and surely the last row is a bit of a projection for 2 years down the road, yet there would be no reason to stick with a strict timeline but instead a bit of a ballpark idea. Even from this projection there might have ended up being some anticipation with the March 2022 withdrawal.. and surely guys who are still selling and living off of their BTC stash may well end up making BIG mistakes and still be able to do o.k. with bitcoin value continuing to grow throughout a mostly holding period that results in various sustainable withdrawals along the way.. even though I still proclaim that 2% over 2 years is way too conservative, yet I am also guilty of similar levels of failure/refusal to cash out enough BTC, and largely living off of my other income, even though Krubster seems to be implying that BTC is most of his income...so yeah, maybe I ended up fucking up my description of how something like a 2% withdrawal rate for 2 years income might play out.
Fred Krueger thinks that most people (especially those with zero) should aim at 1 btc accumulation in the next 5 years:
I think he is right on his assumption. I have been trying this since 2021. Hopefully I'll be able to achieve this soon.
I forgot to mention that I don't really like the 1 BTC idea, even though I like the idea of trying to get as much bitcoin as you are able to get as soon as you can, I guess I just get a bit bothered by focusing on unit bias. .since some folks won't be able to get 1 BTC and others will be able to accumulate more than 1 BTC.. yet, I have to concede that Krueger response of 1 BTC was specifically responding to the question that was asked.
Another attempt on Trump
Attempt or staged publicity stunt?
Detailed video or it did not happen.
Poll
