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I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.
I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.
I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.
He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week. So over the
last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.
So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin. He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.
I personally calculate that with
64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.
Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event that he wanted to start withdrawing more.
I think that a person who wants to live off of
$80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.
You’re completely right and I find your example of accumulating 64 Bitcoin over 9 years to be quite a great example of how consistency can can actually pay off when applied to investment. The calculations were great too and I’m glad you shared them for a much better insight, and there’s no doubt that you’ve really got a grasp on the numbers.
You’re totally right that one could actually have more than enough to significantly increase their standard of living with 64 bitcoins, I mean that’s a lot of bitcoins for one person. And the idea of sustainably withdrawing over $290k per year is also very mind boggling if you ask me.
I think it’s also pretty cool how you’re thinking about this in terms of increasing your standard of living. And your calculations about the rate of withdrawal as well as how much number of Bitcoin would be needed to support a particular income level is also very interesting. If someone is targeting to live off $80k per year, then they’d need to have accumulated around 17.56 Bitcoin. And if eventually have less than that, let’s say 9-ish Bitcoin, then they’d still definitely need to accumulate and HODL some more for a few more years in order to reach a similar level of sufficiency.
I must confess that you and your strategies are proof that with consistency, patience and also a solid plan, investing in Bitcoin can actually pay off. Sometimes when I bump into your theories, I can’t but to wish I had knew and had access to these theories, strategies and knowledge several years back, I bet I would’ve been more than proud of my bitcoin investment today.