⭐ Merited by I_Anime (1)
[edited out
That's true thinking of withdrawing strategy when one haven't gotten to far with is accumulating is sign of poor investment management, aslong we embarking on a long-term investment in Bitcoin we shouldn't be thinking of withdrawing now only for those that have gotten themselves some nice amount of Bitcoin stash. Though we all have our accumulation goal, like most of us goal is to hit 2 BTC , so if one keep withdrawing from their holding they won't be able to hit such goal , that's why we need to discipline ourselves inorder to hit our accumulation goal, may be by then one can focus on the withdrawal strategy to use , like JJG Sustainable Bitcoin Withdrawal StrategSo yeah creating the goal, and then having a plan to proceed can be two different stories. If my goal were to get to 2 bitcoin, then maybe I would then exceed the goal by 25% or 50% or some other amount, and then perhaps start some kind of a plan from there in which I either started to withdraw down to 2 BTC or maybe even tried to consider if whatever withdrawal plan that I had would keep me above 2 BTC.
Sure, it could be that your goal is to get to 1 BTC or 1.5BTC, but you already created a greater cushion for yourself.
By the way, I might be arguing with you about semantics, yet I have a hard time with the suggestion that "most of us" or even "many of us" are shooting for a specific goal, even if you might know a lot of folks shooting for a goal in that 2 BTC territory.
There is all kind of variations in goals, even if you might know a lot of people who might be aspiring for something similar..
Another thing might be the timeline.. so is the goal to reach 2 BTC in 10 years?
Surely there would be a lot of reassessment in regards to what 2 BTC might get you in 10 years... I am tentatively thinking that 11-12 years might be enough to get you to western level fuck you status if you consider 10% as your withdrawal rate.. so that would be more than $800k in value for 2 BTC (at the 200-WMA) and then withdrawal of $80k per year would be withdrawing 10%.. and yeah, you might have to engage in some further management skills and/or transitioning from whatever working status to perhaps some other kind of a status that involves some partly ability to start to live off of your bitcoin (and perhaps not having to work as much or as hard or as onerously).. perhaps?
even presuming any abilities to make money with trading.
That feels like a little slap 
But yes! it's for the best there's a higher probability of losing it comparing to just holding it and continue shaving it slowly, refilling when it's needed.
Generally I am not going to presume an ability to make money trading, but there likely are some folks who are able to do that.. yet it is not very common..
The better ways are to keep accumulating BTC until you reach a status where you can transition to either maintenance or to being able to withdraw some along the way.
My presumption in regards to when sustainable withdrawal is meaningful to employ is after you have already reached a status of over accumulation of BTC
I think the over accumulation of BTC should be on bold and yeah only individual can decide that but there're certain level that you should know you've reached a level to Start withdrawing which might even depend on level of entries I.e I can't compare my level of entry to someone who has started 10 years ago(the price of entry really matters).. I know that the topics overlap, yet I still doubt that entry price really matters, and yeah, the lower the price that you were able to buy bitcoin, the more BTC you were able to accumulate, yet the punchline still becomes how many BTC you have an how much are they worth (probably in light of the 200WMA valuation), so then you can start to consider if you still need to continue to accumulate bitcoin or if you can transition to some kind of an other status in regards to your BTC management (maintenance or perhaps sustainable withdrawal).
So yeah, the longer that you have been into bitcoin the more likely you have been able to accumulate more BTC over that time, but I still consider that the importance does not have to do with your average cost per BTC as much as how many BTC you had been able to accumulate.
Think about the matter. People can make all kinds of mistakes over 10 years in terms of how aggressive that he has been in his accumulation.. and the punchline still ends up being how many BTC were you able to accumulate.
Several times, and in various threads, I have given examples to show how some guys might end up with way higher costs per BTC, yet if they ended up acquiring more BTC, then they are likely in a better position than if they had not acquired as many, whether they are comparing themselves to other versions of themselves or maybe comparing themselves to other people who might have taken a less aggressive approach to bitcoin accumulation as compared to their approach.
so it might take time to reach a status to be compared as to that other person [think the status should be a F*ck you status right??]
I think that using something like "fuck you status" can be very helpful in terms of figuring out what amount of income that you would need to be able to completely give up your job and to be able to completely live off of your bitcoin.
Sure there could be variations of that where you might not completely give up your job, or you might go into a kind of partial retirement status, and there could be some advantages of reaching a status that you know that you are close to being able to start to withdraw your bitcoin but you do not necessarily need to start to withdraw your bitcoin in order to feel the power of already having had established your bitcoin stash.
Maybe I could give an example to say that if right now we might consider somewhere between 22 and 30 BTC to be sufficient to be at fuck you status, so if we have reached 15 BTC, we might still start to feel some confidence that within 1 to 2 years 15 BTC will be enough to fit within the range of reaching fuck you status, and I personally am not referring to BTC spot price changes, but instead valuating those quantities based on where the 200-WMA is today as compared to where I anticipate the 200WMA to be in 1-2 years.