Quote from: Samlucky O on Today at 03:37:14 AM

Quote from: JayJuanGee on November 06, 2023, 02:31:23 PM

[edited out]

This fuck you chat has clearly describe an illustration on how difficult it will be in trying to achieving a certain amount of Bitcoin in a specific period of time. We often talk about achieving our goal of aquiering 1btc in the shortest period of 5year and 5btc in 10-20years respectively. But regarding this ilustration given shows that time is a factor that one needs to consider. Today price might varies from tomorrow's price. This is a sign of accumulating more now because in the nearest future one need even 30years to mine 1btc. I think I've learned more today and this will also act as a driving force to take advantage of aquiering bitcoin, even as Bitcoin price is unpredictable.

I find the chart helpful for attempting to plan ahead too.. and of course, you can click on the link to see a more full chart, and I had also thought about posting one of those charts with all of the dates rather than having gaps at various points along the way.

The chart might also tell you that you may well not need as many bitcoin as you might think that you need in terms of today's dollars, and if you remain persistent, you can continue to accumulate as many BTC as you are able to accumulate, and surely if you have a goal to accumulate 3 BTC in 10 years, then that might well be close to enough, but with the passage of time, 3 BTC might be enough in 12 years, even though there are no guarantees, and if you end up accumulating more in a shorter period of time, then you might not need to continue to work towards accumulating more.

Of course, I used $2 million as the entry-level fuck you status amount by presuming a western standard of living, and anyone could recreate the chart with their own fuck you status level, if that might be more or less than what I had used as the presumptive entry-level fuck you status.

I also used a trajectory of the 200-week moving average (which is largely the BTC price averaged out for 4 years), and it could end up being the case that the 200-week moving average does not move up at such a high rate as is projected in the chart, but the use of the 200-week moving average is an attempt to measure the bottom of the price rather than the top, so for people who are mostly continuing to hold their wealth in BTC, they might not want to get too much false optimism if the spot price fluctuates a lot and so there could be times in which some BTC are cashed out at prices that are much higher than the 200-week moving average, but if many of us might be considering holding quite a bit of our wealth in bitcoin, it is probably going to ongoingly important to try to figure out BTC price bottom measurements rather than top measurements.