Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by 600watt (1)
I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind.
That being the case, I'm not going to retire anytime soon, even if MoonTM.
That being the case, I'm not going to retire anytime soon, even if MoonTM.
my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins.
and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that).
ive never understand how someone can get bored.
Yes I am sorry to report that I met with my financial advisor today and I would have to take out of Bitcoin 3 times my current target in order to retire in 2021. Looks like I’m gonna be here until 2025 guys !
Are you referring to something in the ballpark of the current BTC price $15,500 to $16,400 -ish or some other BTC reference price.. like a potential correction or a BTC price rise?
So for example, if you were referring to current BTC prices, then wouldn't a 3x price increase assist you in accelerating your goals.... that would be in the $45k to $50k price arena?
No sadly that’s based off my projected trading profits in 2021. They will be short what I need by a factor of 3.
It turns out that retiring is much more expensive than anyone would have imagined.
Fair enough..
And, surely this money printer go bbbrrrr practice is also going to require a lot of folks to recalculate and to likely increase the quantity of their needed principle because none of us are getting out of this situation alive in terms of the likely necessity to have 2x to 3x more principle in order to reach the same goals as previously (just a year or so ago).
I would imagine that your projections/expectations of BTC prices in 2021 still remains a range - rather than an exact number...
So, if we end up reaching the top of the range, then that could well be 1.06x to 30x higher than the bottom of the range? maybe I am just having troubles with attempting to project the future in such likely to continue to be exponentially changing asset, such as BTC..? I mean a conservative reasonable bottom of the range of the top might be current prices + 6%, and a reasonable but hopeful top might be close to $500k (which would be in the 30x territory from here).
Call me delusional, if you must.
