Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
FU status has traditionally been defined as saving 25x your annual expenses. If you have that much in bitcoin, you could probably pull the FU lever, but I think it's safer to go higher and do that at 30x your annual expenses. And for most people who can't do math, just use 30x your annual income.
If someone makes $25k a year, then the 25x and 30x level would be $625k and $750k respectively. If you actually have 15 BTC now and you only make $25k at your normie job, you might be able to pull it off before the end of this year, as you don't need to cash out all of it at once anyway. You can take out 1 BTC right now, still have 14, and survive for a couple of years regardless of where the markets go. But as Number Go Up ... ... you'll be in a much better position.
If you are just starting TODAY, as many people are, then you just keep stacking sats. It will take a few years. It's NOT going to take 30 or 40 years. (it might take 5 or even 10). A nocoiner today will probably be a decent bitcoiner in 10 years, if they even had a decent retirement plan without bitcoin.
If someone makes $25k a year, then the 25x and 30x level would be $625k and $750k respectively. If you actually have 15 BTC now and you only make $25k at your normie job, you might be able to pull it off before the end of this year, as you don't need to cash out all of it at once anyway. You can take out 1 BTC right now, still have 14, and survive for a couple of years regardless of where the markets go. But as Number Go Up ... ... you'll be in a much better position.
If you are just starting TODAY, as many people are, then you just keep stacking sats. It will take a few years. It's NOT going to take 30 or 40 years. (it might take 5 or even 10). A nocoiner today will probably be a decent bitcoiner in 10 years, if they even had a decent retirement plan without bitcoin.
There is nothing wrong with your overall calculations and suggestions, but a major problem remains if you are using BTC's spot price to make your calculations regarding when you reached your fuck you status, which becomes hight problematic especially in its failure to account for BTC's historical volatility and seeming inevitable continued volatility.
Of course, you can value your wealth in dollars or some other shit and transfer your BTC to some crap investments upon reaching fuck you status.. yet I personally would question if that is enough, and surely those of us who are purporting to be bitcoiners need to be careful when we are talking about bitcoin in such a way that causes us to conceptualize the reaching of fuck you status with our BTC stash that largely causes us to sell most if not all of our BTC in order to escape BTC volatility... and personally, it remains my ongoing argument point that bitcoin's inevitable volatility needs to worked into whatever fuck you status formula that you devise in order to either not get trapped into becoming a nocoiner (or close to no coiner), pulling the fuck you lever too soon, and/or having to get too much reliant upon getting into a bunch of crazy-ass and likely uncertain other investments.
Yes, you likely recognize that I attempt to use the 104-week and the 208-week moving averages to account for BTC's inevitable volatility, and there could be some other ways to account for that too beyond what appears to be your merely moving the 25 years up to 30 years.
Looks like fuck off Thursday is starting off on the right paw.
Never heard of that nonsense....
