I am starting to think that if you are able to figure out a way to live off of 50% of your income and you are able to invest into bitcoin for 10 years with 50% of your income invested into bitcoin, then that would mean that you had ended up investing right around 5 years of your income into bitcoin, and since you had already demonstrated that you are able to live off of 50% of your income, then after investing into bitcoin at that rate you have effectively reached fuck you status , and surely if bitcoin appreciates in value in any kind of meaningful way in those 10 years, then the timeline would become shorter. .For example if you had been investing into bitcoin for 5 years, and then bitcoin price all of a sudden doubled in the 6th year, then you may well have had reached fuck you status. The main wrinkle that I would consider is that from my own perspective fuck you status has to be measured from valuations of BTC holdings based on the 200-WMA (which is a bottom price) rather than spot price, since it is difficult to rely upon spot prices not going down to 200-WMA levels from time to time.
I understand that being able to invest 50% of your income into bitcoin would likely be a challenging thing for a lot of people, and many normal folks would not be able to accomplish such, since there are so many folks who even fail/refuse to save/invest a mer e 10% of their income, which seems like it could be reasonable to accomplish 10% for a large number of normies.. even poor normies.
That is a brilliant and insightful idea from, Adam Semecka, and thanks for sharing that with us.
There is absolutely nothing wrong in treating 50% of our income as our salary while the other half is for investment, but this idea can fully be effective if the 50% is enough to cover the expenses for the month. If the income is huge then the idea will work effectively but if the investor barely invests 5% in his Bitcoin, then it shouldn't be an option for him. It will take so much willpower with low income to live off 50% but people can do it anyway. But hey, who says financial freedom will be easy? It's a gradual process. If living off 50% will be the secret weapon where discipline must be applied, then it is worth it. It's like having a secret high-yielding investment account that grows exponentially through the other 50% for 8 to 10 years.
And I simply like the 200-WMA. It's a smart metric to use for valuation currently. It will be safer that way, ensuring we are not overestimating our wealth based on temporary price spikes. Although it's not a foolproof indicator. The market can change at any time and past performance does not guarantee future results.