Re: A blog about someone planning to retire early with Bitcoin
The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.
He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.
This is how his strategy looks like:
As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.
In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.
And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.
You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.
I'll leave you guys with the url of the blog: https://er-bybitcoin.com
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.
Been doing this for years and up until now, I am in profit. There's no other secret than ro be consistent and to follow your plans from the start. If you planned to just hold then do everything that it takes to hold even with times of huge decline on market prices. Inconsistencies are always expected when it comes on Bitcoin's price movement however, with investor's mindset, it could be not. Many investors had the same goal but eventually was forced by circumstances to sell early even with loss. It is a common mistake caused by lack of concrete plan. Well, to those who experienced such thing, re-investing is always an open choice to everyone. Just invest and avoid giving your all into it to avoid being pushed by life circumstances and financial needs.He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.
This is how his strategy looks like:
As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.
In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.
And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.
You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.
I'll leave you guys with the url of the blog: https://er-bybitcoin.com
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.
But I uite disagree with early retirement and focusing only with Bitcoin investment through holding no matter how big that amount is. A multiple stream of income is way baetter than sticking with a single one, even if you are profitable of it. If you can still work aand be able to enjoy life, then I think it would still be better to have your work with you because it would be a huge help with one's expenses than to solely depend with investment profit which is not consistent in the first place.