Quote from: Roggeredek on Today at 06:43:07 AM

Quote from: JayJuanGee on January 28, 2024, 08:14:33 PM

Yeah, traditional assets you cannot rely upon a 4% withdrawal rate sustaining itself, but in bitcoin I think that you can, and 100 BTC right now would be more than enough for your goal to have an income of between $160k to $200k per year in perpetuity, even though you are ONLY planning to live until 92. (look at 100 BTC here)

92 How is it determined whether it is actually taken from a country's statistics? It seems to me that the number of years a man comes to live on earth or how many years he will live, is not up to his own will, it is controlled from somewhere else or God can control it.

Sure, Philip might not be correct about his estimate (just like he is frequently wrong about BTC price predictions), but he is surely free to make such predictions and even to plan his remaining life around such predictions, since he is completely in control of his own life and finances until the car keys get taken from him and he becomes a ward of the state or maybe if he gets put into some kind of detention.

Quote from: Roggeredek on Today at 06:43:07 AM

Here religious sentiment comes into play in many ways, it is the most important factor on religious matters. Ultimately I don't think anyone can put an exact age limit on how many years he will actually live or live. Now the important thing is that if someone is 92 years old right now and he somehow lives to be 100 years old, then we can assume he will live to Bitcoin's peak because maybe within the next 2030 years Bitcoin is going to pass its peak.

That is a pretty backhanded way into your wanting to move into a new topic.

To me, it is already problematic that Philip is not considering himself in terms of liquidation rather than accumulation of bitcoin and/or even still relying on income from bitcoin mining (and shitcoins too) rather than mostly being in a maintenance and liquidation state... but hey whatever, to each his own.

It is also difficult to imagine anyone even further down the line (such as 92) to be getting into bitcoin or even holding bitcoin rather than spending it.. unless of course, if he has income from other sources, then he likely would not have to worry about sustaining or supplementing himself with his bitcoin holdings (presuming that he had already accumulated his bitcoin prior to now rather than accumulating it now).

Quote from: Roggeredek on Today at 06:43:07 AM

How Many Bitcoin Do I Need To Be a Millionaire by 2030?

Wow. .that is a pretty whimpy article and it even seems to rely on various measurements of BTC spot price to figure out value by 2030 and to thereby estimate 10 BTC to be millionnaire status by 2030 based on expected BTC spot prices.

My entry-level fuck you status chart shows 15.83 BTC for $2 million by the end of 2029, and that is fairly conservatively measuring expected BTC bottom prices, so I personally believe millionaire status would be less than 7.9 BTC by 2030.. perhaps even right around 6.32 BTC, if we were to go by possible spot price instead of 200-week moving average and to consider that actual BTC price frequently tends to be more than 20% above the 200-week moving average...

So sure, anywhere between 6.32 BTC and 10 BTC should put any of those levels of HODLers at well over millionaire status, even though the reason that I use $2million instead of $1 million because I am thinking that $2 million is more accurately measuring millionaire status from prior to 2020.. even though I may well concede that at some point we might need to go higher than $2million in order to really be considering meaningful entry-level fuck you status in western locations.

Quote from: Rustam Meraj on Today at 07:49:26 AM

Quote from: Roggeredek on Today at 07:22:30 AM

Everyone knows that Bitcoin is a digital asset, but here you have to understand that despite being digital, people do many wrong things, so that Bitcoin can be a profitable commodity or asset for those who have retired from life or other activities, so here's to 92 years old. It has been mentioned that the driving force in human life is that people come and leave the world for a certain period of time. Although they are not so related to Bitcoin, age is definitely important in Bitcoin investment making the right decision and planning.

I understand which you said but I think it makes things too simple when talking about how age affects Bitcoin investment. Age does play a role in making decisions about investments, but it's not the only thing that matters. Other things like how much you know about money, how much risk you can handle, how much you know about the market, and how much money you have to invest also make a big difference.
But regarding age we should focus on the new generation not on those who are just near to their death. Just think if they are investing in Bitcoin and have a handsome amount of Bitcoin and h/s didn't tell to anyone about bitcoin so these will remain in hidden and no one will access to that wallets.

We should not necessarily presume that people are going to necessarily want to pass down their wealth, even though they might not mind having extra wealth at the time of their death because no one can really know how long that they are going to live and a lot of folks fear outliving their wealth... so there can be quite a few comforts that come from being able to at least not being extremely worried about money in your old age... sure maybe there are going to be some discomforts with greater than expected needs for budgeting, but the restrictions in the amount spent might not end up being overly taxing on the person's comfort if they might have already accounted for the possibility that they would not be earning income from work after a certain point in their lives.