Quote from: Marvelockg on Today at 11:35:13 AM

Quote from: Olatundespo on Today at 09:53:15 AM

Quote from: I_Anime on December 18, 2024, 09:12:19 PM

Quote from: JayJuanGee on December 18, 2024, 08:56:11 PM

Year BTC stash size Yearly Cashout amount Total Cashed out
2011 1000 100 100
2012 900 90 190
2013 810 81 271
2014 729 72.9 343.9
2015 656.1 65.61 409.51
2016 590.49 59.049 468.559
2017 531.441 53.1441 521.7031
2018 478.2969 47.82969 569.53279
2019 430.46721 43.046721 612.579511
2020 387.420489 38.7420489 651.3215599
2021 348.6784401 34.86784401 686.1894039
2022 313.8105961 31.38105961 717.5704635
2023 282.4295365 28.24295365 745.8134172
2024 254.1865828 25.41865828 771.2320755
2025 228.7679245 22.87679245 794.1088679

Amazing making the folk to be $24,263,320 Richer now despite the 10% withdrawal yearly . Indeed bitcoin changed such fella lives for the better, bitcoin also shows that been patient do pays off , such amount will carry his generation in a long run .

This also shows how beautiful bitcoin investment is . I'm going to keep holding so one day I'm going to share my testimony, on how God use bitcoin to change my live for the better . That's why I need to keep working towards that goal , the way Bitcoin is moving now there's no doubt of bitcoin hitting $150k around 2025 .

Instead of a 10% cash out an investor can bring down 5%, but this is a profit for them with the increase in holdings. Or if it is possible to meet the needs of the family/additional needs without cash out. This can be a patience for investors and there are many among bitcoiners.

well, this might just be what works for an individual and not a general rule that should be followed by every bitcoin investor. it is a good example of looking at a scenario where you try to factor in some sort of possibility of taking out some profit along your investment journey. the Essense of the profit might not be because you actually need it but could just be a way of rewarding your consistency in maintaining a complete year of staying invested in bitcoin.

one thing about using a strategy like this is that if you have been able adapt to sorting out your needs without interfering in your investment, going on to touch 10% of your holding might look unnecessary since it can't really solve more of your needs but can still yield some additional profit if you left it untouched. deciding to take out either 10% or 5% is not an issue, what is the issue is when you just try to touch your holding just because you are in some profit. touching your holding has a tendency of giving you a thought of always coming back to lay your hands on it.

I think that this kind of a strategy, including withdrawing up to 10% of your BTC stash per year should be able to work for anyone, and the main thing that has to be assessed is to have reached a status of overaccummulation by 10% or more before beginning such a seemingly high rate of withdrawal, and if the person had not reached such overaccumulation status, yet if he still wants to begin a sustainable withdrawal approach to his BTC, then perhaps if he is not at a level of comfortable overaccumulation, then he would start out with a lower withdrawal rate to allow his BTC to continue to gain in value and perhaps to increase his withdrawal rate as he becomes more comfortable with his overaccumulation level to be able to then withdraw more aggressively, including as much as 10% per year.

Quote from: cryptoWODL on Today at 02:02:47 PM

Quote from: Zackz5000 on December 17, 2024, 07:56:07 PM

Quote from: cryptoWODL on December 17, 2024, 03:56:30 PM

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.

It is very wrong to borrow money to invest in bitcoin because things may not turn out the way you expected it to it will be better to invest with little amount according to the level of discretionary income using the DCA method which will enable you accumulate Bitcoin regularly it could every week or month instead of going borrow money to invest in bitcoin for a long time remember that Bitcoin investment is not what you will put your money now and expect to cash out in few weeks time so it will be more better you invest with money won't be needing for a longer time which could probably be 4-10 or more.

First advice for you is to read my post carefully. I may have mentioned that if one has a fixed source of income, he can invest with loans without any problem. Since he has a fixed source of income, if any person invest with loan they don't have to worry about selling their investment later to repay the loan. It means that suddenly we need more financial than necessary for very important work due to which we spend all our monthly earnings.

So at that time we cannot buy bitcoins for investment. At that time if we borrow some money to buy regular investment then maybe our investment will not stop. Since we have a fixed source of income, we can repay the loan later with the money we earn from that source of income.

Loans can have various kinds of terms, and they can be tough calculations in terms of whether a person's income can support the loan. Many folks are not able to get 4-5 year loans and they are stuck with loans that are 2 years duration or less..... yet for sure in bitcoin it becomes better if we were to be able to get loans for more than 4 years.

If a person has an income of $2k per month, and expenses of around $1,200 to $1,500, such person might not be able to buy more than $100 of bitcoin per week without potentially running into jeopardy in regards to the limits of his discretionary income.

Getting a loan could front load the bitcoin investment, but it still might be questionable how much of a front loading that a person might want to do. At the rate of investing $100 per week, the investment amount would be around $10k per year, and so if such guy was able to get a loan for $10k, then that would be nearly 2 years of front loading the investment.

We would still need to look at the terms of the loan, and maybe to be sure that the loan is able to be paid off, the guy uses the loan to buy bitcoin, yet at the same time to save the amount of money that he would have had otherwise invested into bitcoin in order to be able to pay off the loan at the end of the term.. so if the loan was two years, then he could save the amount that he would have otherwise invested into bitcoin, since he had already invested the $10k from the loan into bitcoin.

Maybe the loan has an origination fee of 1% ($100) and also maybe the loan has something like 6% annual interest rate, so then if the loan only has a 2-year timeline, perhaps minimum monthly payments of 1%, then if the person is making the minimal payments then after two years, nearly $9k will still be owed on the loan.. so after 2 years, the guy might have to make sure that he has an extra $9k so that he would not have to cash out of the BTC that he had bought.

Even if the loan had a 4-year term, there would still be nearly $8k owed on the loan at the end of the 4 years (that is if minimum payments were being made.... so with a 6% annual interest rate, then 0.5% interest would assess each month, and if the minimum payments are 1% then only double of the interest is being paid, so the principle of the loan is coming down very slowly).

Anyone getting a loan would want their investment to perform better than the interest rate on the loan in order to justify getting the loan rather than just buying bitcoin every week with their income and not having to pay the interest on the loan, so it is not totally unjustified to get a loan if you can figure the interest rate of the loan, but surely there could be needs for separate funds and more challenges to build up the funds if the loan term is shorter and if the person might have uncertainties in his cashflows.