Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Elwar
on 30/08/2020, 18:25:02 UTC
lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

My thought process when I decided that I had enough money in bitcoin to retire.

I had enough in BTC but not much cash. So I spent my last year of work filling my bank account with dollars to spend so I would have a few years worth of money to live on without dipping into my BTC. I saved up about $80k and retired in 2018, I think I just moved the last of my cash to my spending account last week. Of course living in Thailand was cheap. Living in Panama would have been cheap but I started putting money into Ocean Builders. So I had to dip into my BTC a bit for that.

That helped me quite a bit considering the BTC price was below what I felt was worth spending for most of those 2 years.