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2% covering ALL expenses for 2 years..that's whalin' (at least in US)..congrats on the stash.
Fred Krueger thinks that most people (especially those with zero) should aim at 1 btc accumulation in the next 5 years:
https://www.youtube.com/watch?v=ezDZ2YEiKV4I agree with your overall assessment that ONLY withdrawing 2% every two years is very baller to the extent that expenses are totally covered by cashing out that bitcoin. I suspect that Krubster has other sources of income.
Regarding the video, that's a pretty decent one, even though it was hosted by a shitcoiner podcast.., and it seems that even though Krueger is a bitcoin believer, he has some acceptance and/or tolerance to suggest that there is going to be something like 10% space that will be available for shitcoiner possibilities..
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Thanks, I guess.
Well, what can I say. I'm an autistic retard that bought the majority of my stash by luck at $10 per btc back in 2012.
I quit my corporate job in 2017 (in my mid 30ies) and been living on my bitcoin savings ever since.
Wow. That's an interesting way of framing the matter... so if you are able to completely live off of your stash for a couple of years, you have an overly conservative withdrawal rate. You could likely increase your withdrawal rate and still be quite fine, as I mentioned above, something like 2.5 % per quarter as long at the BTC price is at least 25% above the 200-WMA.
I also received a fair amount of btc of the Mt.Gox payout recently. A decade of waiting finally paid off.
I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.
Well , @JJG, a bitcoiner given ample room even on a shitcoin podcaster forum is still a bitcoiner.
That that, he said that he 'does not mind' if someone peels of a bit to invest in shitcoins.
This is debatable in these corners, but overall, it's a very moderate and pro-bitcoin position overall.
His main thesis was "was invest in anything else when bitcoin is SO much better"-and this is a thesis I mostly align with.