Yet a guy with only 7 BTC has not yet gotten there, but he knows his target, so he knows that he has to keep accumulating, and even in the less preferable scenarios that he spends several years attempting to accumulate more BTC and he only moves from 7 BTC to 7.25 BTC after another 5 years of accumulating, he likely realizes that another 5-ish or 6-ish years down the road, 7.25 BTC may well be of a similar valuation (including calculating the likely ongoing debasement of the dollar) as the 21 BTC is valued today.. especially if we are using the 200-WMA rather than getting distracted by BTC spot prices. Yes, it is not guaranteed to increase in value as much as we expect, but still, bitcoin remains amongst the best, if not the best investments currently available, so as you mentioned @Poker Player, it would likely be in our best interests to attempt to remain focused on the accumulation of bitcoin rather than fucking around with other assets, at least until we reach a status of having more than enough bitcoin. Sure the accumulation of some other assets, may well be fine and dandy just to offset some potential and likely ongoing volatility issues of bitcoin, yet keeping our eye on the prize (which is bitcoin) seems to be central to making sure that we are making progress to our own financial freedom (and having more options) kinds of goals.
I think your thoughts are very good and I agree with most of you said in the post. Certainly, I might have sold more than I should in the past (which I don't bother much, except that I didn't bought back all I could have). But I am fine with that.
However, I want to point out that it is not possible for a guy with 7 BTC to accumulate to 14 more BTC in the current prices. That would mean 1.5 million dollars.
I addressed this point too.
A guy with 7 BTC does not need to buy 14 BTC more to reach the equivalent of a guy at 21 BTC today.
yeah, sure he is not going to get to 21 BTC, yet in 5-6 years, his 7 BTC, and anything that he accumulates in the next 5-6 years is likely going to be equivalent to 21 BTC today (at least in dollar terms - not counting the debasement of the dollar).
So today
21 BTC is equal to 885k under the 200-WMA, and $2.13 million under spot price.
Today
7 BTC is equal to $295k under the 200-WMA and $710k under spot price.
Sure, it is not guaranteed where we are going to be in 5-6 years, yet I would think that we are likely going to be damned close if not exceeding in terms of what the 7 bitcoin is going to be worth in 5-6 years including being able to get the same guy to fuck you status as long as he sticks with the bitcoin, and surely we have to have some flexibility in our timeline and we likely need to continue to keep on accumulating rather than resting on our laurels.. .. and sure, nothing wrong with diversifying too if that makes you more comfortable.....
and yeah, if it had taken you 7.5 years to get to nearly 7 BTC, which would be at about $200 per week on average and nearly $80k invested into bitcoin, if you stuck with around $300 per week for the coming 5 years, then that would be $15,600 per year and maybe around $86k for the next 5.5 years.. .which might get you another 0.5 BTC, perhaps.
So I am not even suggesting that you need to build your BTC up by very much, just let bitcoin continue to compound and stack what you can, even if you cannot stack at the same rate that you had stacked in your first 7.5 years.
And, sure, by the way, these numbers are all fictional in terms of just giving some ballpark ideas of what might have had happened, and how to consider how much progress had been made historically and potentially how to deal with the current situation in order to prepare for something like 5-6 years down the road.
We cannot be whining that some guys are at their goals and we are not at our goals, since everyone starts from different places, and each of us can ONLY do as much as we can do, including that if we had made some past mistakes by selling, trading or even by being more whimpy (less aggressive) than we should have had been in our BTC accumulation. We have to deal with our own choices in terms of what we did or did not do and just continue to do what we believe is best, since we cannot turn back the clocks.
Unless you are talking about someone already in the fuck-you status (i think that is the term you use), it is impossible to someone just save 2 millions and invest it in bitcoin. Unless the guy earn like $ 300,000 per year, which definitely not my case.
This must be our first fight.. hahahahahaha
I use $2 million as default entry-level fuck you status for folks with western incomes and western standards of living expectations, and even in the west people might consider their entry-level fuck you status differently, and I think that part of the reason that I use $2 million as the entry-level is that I thought that I had to double millionaire status to account for events around early 2020.. so I think pretty much we realized that the millionaire had to have $2 million and not $1 million, and sure some folks hypothesize that the hit is much worse than a doubling.. but for now I am just going to stick with $2 million to be default entry-level fuck you status.
The more appropriate and individually-tailored mark would be to go by your standard of income or how much income you need to get to fuck you status. Under traditional investment assets, generally you need 25 years of income in order to live passively off of it at 4% per year.
I personally believe with bitcoin that you can have 10 years of income measured at the 200-WMA and then withdraw 10% per year (of the dollar value not the BTC value, which is a mistake that we have in the website)... .. so anyhow, the guy withdrawing 4% per year at $2 million would withdraw $80k per year, and the guy withdrawing 10% per year would need to have his BTC valued at $800k at the 200-WMA price in order to withdraw the dollar value... and of course, under the way that it is charted in the sustainable withdrawal website, my proposition is that he can ONLY withdraw the full dollar amount of $80k per year as long as the BTC spot price was at least 25% higher than the 200-WMA... which by the way,
right now $800k is reached by having 19 BTC, and currently BTC's spot price is right around 141% higher than the 200-WMA.
The punchline is to pick out your cost of living and how much income do you want to have. If you are not making $80k per year and you do not expect that you need $80k per year to get to your entry-level fuck you status, then surely you can pick your number. Is $40k enough? another number? You should figure that out, and also figure out if you are going to want to have an increase in that number, so even if you had been used to earning somewhere around $20k per year, maybe you want to make sure that by the time you enter entry level fuck you status or that you start to employ it (pull the fuck you lever), that maybe you want to have 50% higher.. such as $30k per year for some one who had been accustomed to living off of $20k per year.. and sure, if my numbers are still not correct, you can still adjust them to yourself, it is not like I am trying to impose my standards of living kinds of numbers on you, and you should not even accept my standard of living numbers being imposed upon you, since you have your own standard of living numbers. I am not even proclaiming that my own standard of living numbers are the same as the default standard of living numbers that I suggest that we use. It is just good to have a reference, and there are surely some folks that may well consider their fuck you status to be 1/10th the level that I proclaim them to be... so he would reach fuck you status at $200k rather than $2 million under traditional systems, and at $80k rather than $800k using bitcoin as the measure (which I again suggest to be using the 200-WMA rather than spot price to valuate BTC holdings, even though so many folks valuate based on spot price which leads to the kinds of selling too much too early errors that I had already gone over).
Even if you are talking about 200 WMA price (42k), that would mean 600 thousand dollars (this would literally mean timing the market and buying the correct DIP, statistically impossible). And 600 thousand dollars is a lot of money for a person who owns "only" 7 BTC.
The reason that we should be using the 200-WMA to valuate our BTC holdings, then that means that we are accounting for bottom BTC prices, and we don't over valuate our BTC in terms of selling too many too soon or presuming that our BTC is going to hold value at spot prices. If we use the 200-WMA then we account for the bottom BTC prices and we structure our management of our holdings based on that... I already went over this, but having 7 BTC would be valuated at $295k under the 200-WMA, even though we could sell them at $710k at spot price right now, so if we might be trying to get our BTC to be valued at $800k or more under the 200-WMA, then we need to keep accumulating, and surely in 5-6 years, even if we don't accumulate much more, with the passage of time, the 200-WMA will likely bring our 7 BTC at or close to $800k, and perhaps even higher than $800k by then, yet if we want to keep stacking then we might not need as many BTC in order to get to such $800k plus valuation.. and yeah, each of us has to plug in our own numbers, but I think that a person with 7 BTC or even 1/3 of the way to his fuck you status based on the 200-WMA has decent chances of reaching or exceeding his fuck you status 5-6 years from now as long as he does not screw it up.. and screwing up probably has to do with selling rather than buying.. if he keeps buying he should be in better shape.. but yes a lot of people never make it to fuck you status because they screw up... the spend too much too soon.. which is also true in bitcoinlandia.. with temptations to trade or to buy back cheaper or get involved in shitcoins or various other practices that take guys away from what should be their goals to continuously, ongoingly and persistently and perhaps even aggressively continue to stack cornz.
Another mistake that guys tend to do might be what you seem to be doing is to act as if accumulating bitcoin is futile or trying to rationalize that the price is too high and blah blah blah.. so even if you don't sell any BTC around these here prices, you are likely ongoingly failing and/or refusing to buy bitcoin as persistently, consistently, ongoingly and aggressively as you should be. Ultimately, you do what you want, but there are consequences to failures and refusals to continue to buy BTC, including that there are likely many folks who were not stacking as much BTC as they should have had been between March 2024 and October 2024 when we were largely bouncing around between $55k and $70k. I am not specifically suggesting that you were doing that, but you could have had been...
I have frequently tried to suggest that guys need to be as aggressive as they are able to be in terms of their ongoing bitcoin accumulation without overdoing it.. or without recking themselves. It can be difficult to know where the grounds are in regards to ongoing BTC accumulation, since each of has to make sure that we are not spending beyond our discretionary income, and we have to maintain some back up funds, and we also likely have obligations (and desires) in our lives that draw us towards not overly spending our discretionary income completely on bitcoin.