Quote from: Aanuoluwatofunmi on November 24, 2023, 04:10:55 PM

Quote from: JayJuanGee on November 24, 2023, 03:32:30 PM

Any thoughts or feedback would be appreciated, or even some real life examples of trying to figure out these kinds of balances. I am focused on BTC in this example, but of course, there could be various other assets that comprise someone's investment portfolio and maybe even cashflow, so surely I am not against any kinds of Gresham Law types of considerations in which there would likely be spending from other assets prior to spending from BTC, so if the accounts are not spent to the max of their limits, then whatever BTC remains would just continue to sit in the accounts with probably a need to consider whether to maximize withdrawal or to sometimes even hold back on withdrawal or to maximize withdrawal which is also partially already guided by the parameters and assumptions contained in the chart/table.

Indeed I've been following up with some of your threads that talked about having something like this coming up and i must commend you well for taking your time in making the precise breakdown on making withdrawals and how we can also have an sustainable investment, you've also talked alot about bitcoin holding, DCA and many other relevant aspects relatively having similarities with this.

It's something interesting to make an investment and it's another thing to have that tenacity to wait patiently without making withdrawal of our investment due to some other reasons beyond the ordinary, if we are making an investment, then we should know that it's something that we should do out of the passion for holding it over a long period of time, because we cannot release and make withdrawals when it is not yet time to do so but there are other needs that are extremely pushing us for making withdrawals, we should plan well right before we start.

I had been thinking about these kinds of budgeting ideas and even the ideas of having a kind of guided passive income from a stack of BTC for the last year and a half or so, and I had some posts with other forum members around the May 2022 and June 2022 major BTC price drops, in which I was talking about the possibility of funding a developer with a couple of bitcoin funds and maybe even using 21 BTC as the amount with each of the funds. One possibility could be that one of the funds would be to fund a developer (or perhaps more than one developer as the fund's value might grow from BTC's probable future appreciation) and the second fund might be to pay for the administration costs.

Of course, there are a variety of reasons that someone might create a fund, and might even do so in order to fund their own expenses... to establish budgeting limits regarding how much to be able to cash out on a monthly basis.

Quote from: Catenaccio on Today at 07:54:08 AM

You have a great plan for your Bitcoin investment and thanks for sharing a sheet of your investment too.

I can contribute two websites for Dollar Cost Averaging that is certainly good for investment especially investment in Bitcoin.
https://dcabtc.com/
https://costavg.com/ . I introduced it in Dollar Cost Averaging with costavg.com include exchange fee.

DCA is usable for taking profit and it is guided in (SSS) - A Sane and Simple bitcoin Savings plan.

The chart is not about establishing an investment position, and it is also not about my particular investment, since they are hypothetical accounts, but instead about ways to consider spending within budget limits that refer to the balance of the account, the BTC price position in reverence to the 200-week moving average and the rate of withdrawal (in this case I use 4% per year).

In regards to the accumulation of BTC and other related ideas, I have more extensive investment ideas in my other related thread that I mentioned at the beginning of the post.

Quote from: JayJuanGee on November 24, 2023, 03:32:30 PM

I had been considering adding these ideas of Sustainable withdrawal and/or BTC portfolio maintenance to my BTC Investment ideas thread, but the various Opening posts in that thread were starting to get overly cluttered and potentially confusing.

Regarding your links, I frequently have cite dcabtc.com and also the SSS thread... but I had not previously seen the costavg.com website or your thread about it, so in the coming days, I will take a look at your thread that you referenced.