Since you are asserting that you are living a very simple life and even implying that your discretionary income is not very great, then it may well take you way longer than 10 years to reach a status in which you might be in a good position to start to withdraw from your bitcoin, yet at the same time, you should be able to improve the quality of your life because you have been investing into bitcoin and so the larger your bitcoin stash grows, the more options you should start to feel that you have.
We know that frequently people invest quite consistently and dedicatedly into traditional investments for 30-40 years or more and they might not end up making it to fuck you status, but they may well still be able to benefit by having had built up their life-long savings and investment. Even if bitcoin does not allow you get to fuck you status in a shorter period of time, it seems that there are decently great odds that you could end up getting a lot further in regards to your own personal well-being, since bitcoin is not designed to rob from you, as many times takes place with the life-long investments that might have had been carried out through traditional investments.
Bitcoin also seems to best be considered as a life-long investment, so surely you are the ONLY one who can determine the approximate place that you would like to get in order to potentially transition to some other ways of dealing with your bitcoin, which even stopping or slowing down accumulation can bring empowerment, but also there maybe be various kinds of sustainable withdrawal or just having bitcoin in the background that may well end up putting you in a much better place due to your having had invested into bitcoin as compared what your situation would have had been if you had not invested into bitcoin.
I will prioritize the first 10 years in planning investment in bitcoin and if it goes smoothly without any obstacles or mistakes then I will decide one decision after I reach the 10 year target. That decision could be that I will continue to accumulate for an additional 5 years or I will take the opportunity to get something that I have dreamed of so far.
It is true, Mr. JJG, that people's lives are different, some have abundant wealth from their parents' inheritance or those who live simply. So for that I want to change the course of my life by investing in bitcoin, which previously I routinely bought Gold but in the past two years I have switched to Bitcoin. Of course there are many hopes that I dream of but it is impossible for me to describe them all here.
Of course increasing BTC ownership will remain my priority every week, I don't care what people say and I will not be shaken in my stance to continue holding Bitcoin. I also learned a lot from you, especially in this Thread with DCA or your way of conveying it and that will be very useful for us.
Usually people who target investing in bitcoin for life are of course people who live in luxury without anything else they want, I mean without selling their BTC ownership they have other money to buy luxury goods, be it a private plane or a luxury car or a luxury house.
Those all sound like good ideas, especially in terms of having some timeline goals, but then keeping some back up timelines in mind, so it sounds like you are weighing various possible scenarios and have a sufficient amount of flexibility in your thinking about how you might have to reassess along the way at various points.
Surely people with more discretionary income or even who had come from higher levels of wealth have more resources in front of them, yet there are degrees of wealth too, and so some of those folks with wealth are still not allocating to bitcoin and/or do not have a sufficient and adequate bitcoin accumulation plan, so any of us can imagine scenarios in which those who are planning, preparing and acting in regards to their bitcoin accumulation plans are going to end up passing up folks who were not making and/or acting upon such bitcoin accumulation plans. For sure there are already examples and ongoingly new examples of the more poor folks who have been able to either make progress in narrowing the gap and/or potentially financially passing up folks with way more finacial abilities, resources and means.
We can imagine at various points in time 4-10 years ago, there have been people with modest or even some what low levels of finacial resources who have been able to accumulate anywhere between 10 and 300 bitcoin for anywhere between $10k and $300k (and various prices between) Maybe some of them have average costs of less than $1k per BTC, and others have average costs of less than $15k per BTC, so there would be variability in regards to their profitability levels, and no one can actually assess his own specific situation until the passage of time that is able to show how the quantity of BTC matches up with how much had been invested, and frequently and many times, we already discussed how there might not be a lot of value in regards to assessing our costs per BTC until maybe at some point down the road, whether it is 10 years later, 15 years later or maybe some further down the road period, even though almost all of us are going to want to be in profits by the time we are reassessing and revaluating our situation.. yet if we happen to be a person who had accumulated around 80 BTC or more over the past 8 years, we might not be too concerned if our average cost per BTC happens to be $60k or $200k, we just happen to feel ourselves to be in a very good place to have accumulated more than 80 BTC, and we might consider that to be a reason transition into some other status where we no longer need to concern ourselves with accumulating BTC.
On the other hand someone newer to bitcoin might consider that in the next 10 years, they are likely going to need to accumulate somewhere between 2 BTC and 8 BTC to get to a similar status as the one who currently feels himself to be with 8 BTC.. .yet the target is a little bit amorphous and a little bit dependent on what happens with BTC prices in the next 10 years and also what happens with the BTC accumulator's ability to continue to invest into bitcoin within his discretionary income over the next 10 years.
Regarding your point about gold and/or any other investments that a person might have built prior to investing into bitcoin, some folks will just keep their old investments and then just move their focus over towards bitcoin, so they do not necessarily end up selling their prior investments, and others will sell their prior investments and move the proceeds over to bitcoin. There likely is no exact correct answer, and there surely may well be transaction costs to cash out of one investment and move the proceeds over to another (in this case into bitcoin).
