On the lifestyle/retirement subject.
I was not in as early as many of you. I do not have retirement or fuck you levels of BTC stashed away. Fortunately, I am what I consider to be "very young" with a very well paying career. My sole objective has always been a responsibile early retirement. Retirement in the sense of not needing to work if I dont want to, no daily agenda of things I need to do other than necessities, and a comfortable lifestyle. I'll add that I will also be an unofficial expat once retired.
I am fortunate enough to have existing retirement assets such as pensions, annuity, 401k, (ect). All of those are not reasonably accessible to me until later in my life when social security is also available. Simply put, 60-death I should have more than enough even if I make a few poor decisions or have an emergency or two. My focus has been on filling the gap between retirement and "retirement age" with personal assets. By current conservative estimates I am on target to reach my goal in 8-10 years which puts me at an age many would consider an unsually young retirement age.
My personal assets are composed of approximately 80% Bitcoin. I have treated it as an asset that I want as much as possible of because I believe it's value will be much higher in the future than now. I project it's increase in value as the average stock market increase of 7-9% per year to keep myself conservative. Meanwhile, it's proved to smoke those estimates to date.
I have not worked out or planned what I will do with my bitcoin once I have achieved retirement level funds. I do plan to run through everything else before touching it though. Honestly, I have hoped once I am at that point I won't need to sell it for cash to use. I am hoping I can actually make direct purchases with it instead. With planning to do a bit of traveling it adds the utility of a being a worldwide currency as well.
I thought I would share this as a truthful post on how bitcoin fits into my life. I know I and others tend to post extreme "hold till I'm dead" type of comments but, that's just the fun side of WO for me. Thought this might be a helpful point of view for others who did not start buying BTC at $10 a coin.
Thanks for sharing this I’m fairly aligned to most of what you have here. BTC enables early retirement imho, If you live under US tax regime, you pay cg tax on gains but only depends on your income if you earn less than ~45k cap gains tax is 0%. Selling btc doesn’t count as income, but when your retirement accounts kick in that’s going to skew your income bracket and the cg tax you pay on asset sales.
Most of us don’t have massive stashes but I see Btc as a way to bridge the time between early retirement start and official retirement start. I probably will have more spending power in early retirement than official retirement.one could also posit that your btc stash can set the date of what early retirement is, and using a withdrawal plan you could somewhat forecast this out.
The bit I’m trying to work out now is when I come to this liquidation stage is it better to dca sell in year of halving for the next 4yrs of needed inc or to use something like the 200wma for monthly draw downs over a 4 yr period.