A blog about someone planning to retire early with Bitcoin

[nullama]

The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.

He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.

This is how his strategy looks like:



As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.

And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.

You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.

I'll leave you guys with the url of the blog: https://er-bybitcoin.com

In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

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[Die_empty]

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

It is always a great idea to save for the future and Bitcoin has shown over time that it is one of the best investments for retirement plans. I have no plan to retire early because it will be very boring or uneventful. I keep wondering what people who retire early will be doing with the long productive year that is ahead of them  . I plan to keep contributing to society for a long time because there is still much work to be done.

But Bitcoin for me is a lifetime investment because I would like to always own Bitcoin. If I have the opportunity I will not just plan to retire with my Bitcoin earnings but it will also be part of what I would like to transfer to my children.

[Mia Chloe]

This is a perfect explanation of how Bitcoin is the best crypto currency to withstand inflation. Many a time people are told to invest not save but they seem to get confused. Investing overtime brings about profits which in turn covers losses caused by inflation. Now Bitcoin currently is the best digital currency that could serve both as an asset and a peer to peer currency.

Someone who saved $42k in fiat would find out that in a 3 year period of time $42k won't be worth as much as it used to. However someone who bought Bitcoin worth of $42k about 3 years ago will find out that due to increase in value of Bitcoin, that amount would have been over 46k which would cover for both losses caused by inflation and still leaving  an extra amount of profit.

Bitcoin is a win win investment asset for both inflation and profit.

[nullama]

~snip~
It is always a great idea to save for the future and Bitcoin has shown over time that it is one of the best investments for retirement plans. I have no plan to retire early because it will be very boring or uneventful. I keep wondering what people who retire early will be doing with the long productive year that is ahead of them. I plan to keep contributing to society for a long time because there is still much work to be done. But Bitcoin for me is a lifetime investment because I would like to always own Bitcoin. If I have the opportunity I will not just plan to retire with my Bitcoin earnings but it will also be part of what I would like to transfer to my children.

I think people use the word "retire" in different ways.

For me at least it means having the option to do whatever you want, which usually would include working, just probably not for the type of organization that pays enough to cover living expenses.

I would be so happy contributing way more to open source projects, and creating interesting things that don't necessarily need to have a positive business plan.

Most people in this forum would probably never really "retire" in the sense of stop working. I see retiring as a way to use my skills in interesting projects, independent of the pay, which might or might not be there.

[tabas]

$500 is already an incredible and high amount at least IMHO. Whether you live in a first-world or third-world country, that amount is already significant and way back even higher than before this crazy inflation came. What we can learn here is that the accumulation through DCA is always going to be worth it. People may find the strategy to be lowkey at the beginning but that's the purpose of it, the effect will be seen in the long term and that's why it is important that someone has a long term plan or if not, a short term plan. But anyway, the majority of us here have already decided to stay in the long run.

[LoyceV]

the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

That's not what an All Time High means. It's DCA (Dollar Cost Averaging): buying a fixed amount into an investment on regular moments.

[nullama]

the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

That's not what an All Time High means. It's DCA (Dollar Cost Averaging): buying a fixed amount into an investment on regular moments.

Yeah, ATH is basically the highest fiat value of Bitcoin at all times.

I'm just mentioning here the fact that this person never has sold BTC, which means that every time he buys 500 euros worth of Bitcoin to add to their stack, their personal maximum amount of Bitcoin they have ever held continues to increase into a new maximum.

It's simply using the phrase All Time High in another context, like a personal best.

[LoyceV]

It's simply using the phrase All Time High in another context, like a personal best.

That's HODLing

[Yamifoud]

Achieving something is really on his heart. He doesn't think about the risk instead, he faces it and enjoys accumulating Bitcoin. That person gives us an idea of how important to be certain about our plan because we never achieve our goal if we keep changing it but instead, focus on one direction.
He could retire early but can't think of continuing to buy more Bitcoin. This will additionally prove that investing in Bitcoin either for the long-term or short-term is worth it and profitable. But we also have to think about this before start accumulating Bitcoin - investing is good but we should not put everything we have on crypto alone. Better to have some protection, at least whatever happens to our crypto investment, we never get empty.

[Lucius]

~snip~
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

I would not agree that this is not an "incredible amount of money" and even for a good part of people living in the countries of the European Union -> https://en.wikipedia.org/wiki/List_of_European_Union_member_states_by_minimum_wage

For some, like people in Bulgaria, it is even more than the minimum wage, and with the exception of some very rich countries, it would be a difficult mission to achieve. Of course, this does not mean that the method is not good and everyone can adapt it to their needs - so let's say someone does the same thing with 100 EUR per month, he would have five times less, but he would still be very close to having 1 BTC.

What is now clearly visible is that this kind of investment is very profitable in the long term and can be much better than relying on pension funds.

[aTriz]

The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.

He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.

Thats called DCA. one of the most famous and effective method of investing and accumulating Bitcoin in the community.
but he's doing that on a larger scale. 500 euros is a great amount of money to invest in bitcoin regularly..

This is how his strategy looks like:



As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.

And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.

You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.

I'll leave you guys with the url of the blog: https://er-bybitcoin.com

In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

that's really an impressive achievement for him. and a lesson for everyone who have little bit of doubt on Bitcoin or DCA method . it proves that, it really works.  see how big the gap is between his investment and current value.
even with smaller amount, great profit can be achieved with this strategy.

[Maus0728]

I really want to follow his journey but I'm a little lost with how he does his blogs, there's no link to direct you to the first time and no timeline besides a monthly update, would be awesome if it's easy to navigate, that 4.4 btc from the last update is such an admirable amount of bitcoin, maybe that's what you'll get if you're strict about your way DCA, definitely a symbol of utter discipline.

[shield132]

As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.

And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.

You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.

I'll leave you guys with the url of the blog: https://er-bybitcoin.com

In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

That's the smartest thing a person can do to retire early and build wealth. Dedicating some money from your salary to buy Bitcoin every month is a very smart idea. I was doing that since 2017 but my strategy was a little different, I was putting all of my money into Bitcoin and only withdrew money that I needed to spend on food, rent and transport. That was good, and immensely helped me to live a good life but the negative side of my attitude was that sometimes I had urgent cases to get cash, there were moments when I had to withdraw when the price was low and that negatively affected my balance sheet. Overall, if someone can invest 500 euros monthly in Bitcoin and doesn't plan to touch it, then it will really help the person to retire early.

[thecodebear]

That's the future of savings plans right there.

As someone who retired early entirely off Bitcoin a few years ago, I approve this strategy!


Fun side note, I was talking to someone at the dog park yesterday who I had never met and I mentioned I retired early and he was like "oh you must have that bitcoin money", and I was like oh wow yes actually that's exactly it I retired off of Bitcoin. I like when people I meet recognize the wealth creation power of Bitcoin without me even prompting them!

[Dunamisx]

The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.

He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.

This is how his strategy looks like:

If we make use of the opportunity in making savings, we could be more better than the same people whom we started together with and they chose fiat to make their own investment in, bitcoin could be a lifetime investment plan that is more better to use than fiat, because the money invested could have the opportunity of rising, there's more advantage in making the right decision as well as when we realized investing our pension on bitcoin.

[Marvelman]

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

Yeah, I do something kinda like that.  Putting a little bit of money into Bitcoin every month is a plan I know about.  I don't put in $500 each month - that's way more than I can afford right now and  and I didn't start doing this 4 years ago either.  But Im hoping that since I've still got plenty of time before I retire early, my smaller investments now will still pay off down the road.  I don't need to get rich quick, just want to grow my savings at a decent clip.

[glendall]

Achieving something is really on his heart. He doesn't think about the risk instead, he faces it and enjoys accumulating Bitcoin. That person gives us an idea of how important to be certain about our plan because we never achieve our goal if we keep changing it but instead, focus on one direction.
He could retire early but can't think of continuing to buy more Bitcoin. This will additionally prove that investing in Bitcoin either for the long-term or short-term is worth it and profitable. But we also have to think about this before start accumulating Bitcoin - investing is good but we should not put everything we have on crypto alone. Better to have some protection, at least whatever happens to our crypto investment, we never get empty.

for example, by depositing in a bank, maybe with a sufficient amount and getting results that are roughly enough for one month's needs, this can be a solution to keep getting funds coming in without reducing the money you have, and our BTC can continue to increase

[HideYourKeys]

great blog and a great method, maybe it would have been better to make a bigger investment earlier, instead of DCA, but sometimes DCA is the only way. I think he will be able to get to 5 BTC in a few years, not a bad number

[PrivacyG]

Truly interesting.  I was thinking about this months ago.  Wondered why no body has done this yet before.

It is worth noting that in order to put 500 Euros on the side every MONTH means you need a pretty good salary out here in Europe.  I would assume it is more likely that average Europeans would be able to put less than a quarter of that on the side instead.

But even then.  100 Euros per month since 2017 would get you to about 50 thousand Euros today with an investment of 7.2 thousand.  Amazing none the less.

Consider Bitcoin doubles after the 2024 halving.  That is around 90 to 100 thousand Euros with an investment of less than 10 percent of that.

[Yatsan]

The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.

He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.

This is how his strategy looks like:



As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.

In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.

And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.

You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.

I'll leave you guys with the url of the blog: https://er-bybitcoin.com

In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.

Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.

Been doing this for years and up until now, I am in profit. There's no other secret than ro be consistent and to follow your plans from the start. If you planned to just hold then do everything that it takes to hold even with times of huge decline on market prices. Inconsistencies are always expected when it comes on Bitcoin's price movement however, with investor's mindset, it could be not. Many investors had the same goal but eventually was forced by circumstances to sell early even with loss. It is a common mistake caused by lack of concrete plan. Well, to those who experienced such thing, re-investing is always an open choice to everyone. Just invest and avoid giving your all into it to avoid being pushed by life circumstances and financial needs.

But I uite disagree with early retirement and focusing only with Bitcoin investment through holding no matter how big that amount is. A multiple stream of income is way baetter than sticking with a single one, even if you are profitable of it. If you can still work aand be able to enjoy life, then I think it would still be better to have your work with you because it would be a huge help with one's expenses than to solely depend with investment profit which is not consistent in the first place.