Topic Description:
This topic is dedicated to calculations and discussions on the strategy of holding Bitcoin to ensure long-term passive income.

Goal:
To calculate the amount of Bitcoin required so that, over time, one can start selling portions of it and receive a stable income of at least $100,000 per year for a minimum of 30 years.

Within this discussion, it is suggested to consider:

The current Bitcoin price and its projected changes.

The amount of Bitcoin needed to generate a passive income of at least $100,000 per year.

The timeframe after which it is feasible to begin selling in order to ensure income for 30 years or more.

The optimal gradual selling strategy to reduce risks and tax liabilities.

The impact of inflation and cryptocurrency market fluctuations on the holding and selling strategy.

All calculations will be based on current market data, historical trends, and realistic Bitcoin growth scenarios.

Below is a table showing, if we start with 1 Bitcoin, from which year we could begin selling parts of Bitcoin to receive $100,000 per year for 30 years:

Bitcoin Sales Dynamics and Remaining Balance (30 Years of Income)

Year      Price (USD)      Sale (BTC)      Remaining BTC
2036      960,000          0.1042          0.8958
2037      1,120,000        0.0893          0.8065
2038      1,280,000        0.0781          0.7284
2039      1,440,000        0.0694          0.6590
2040      1,920,000        0.0521          0.6069
2041      2,240,000        0.0446          0.5623
2042      2,560,000        0.0391          0.5232
2043      2,880,000        0.0347          0.4885
2044      3,840,000        0.0260          0.4625
2045      4,480,000        0.0223          0.4402
2046      5,120,000        0.0195          0.4207
2047      5,760,000        0.0174          0.4033
2048      7,680,000        0.0130          0.3903
2049      8,960,000        0.0112          0.3791
2050      10,240,000       0.0098          0.3693
2051      11,520,000       0.0087          0.3606
2052      15,360,000       0.0065          0.3541
2053      17,280,000       0.0058          0.3483
2054      19,200,000       0.0052          0.3431
2055      21,120,000       0.0047          0.3384
2056      30,720,000       0.0033          0.3351
2057      33,280,000       0.0030          0.3321
2058      35,840,000       0.0028          0.3293
2059      38,400,000       0.0026          0.3267
2060      61,440,000       0.0016          0.3251
2061      66,560,000       0.0015          0.3236
2062      71,680,000       0.0014          0.3222
2063      76,800,000       0.0013          0.3209
2064      122,880,000      0.0008          0.3201
2065      133,120,000      0.0008          0.3193
The sales are distributed in such a way that the remaining Bitcoin continues to appreciate in value, while each year’s income is ≥ $100,000, and 1 BTC is sufficient for ≥30 years of income.

If we take 0.1 BTC as an example, we would only be able to start selling Bitcoin to earn $100,000 per year starting in 2056.

Using these figures, we can roughly estimate the potential passive income for different amounts of Bitcoin and how many years we would need to wait before starting to receive a stable income.

It’s worth noting that this isn’t the easiest calculation, and getting an exact number is quite challenging. Bitcoin will remain in your portfolio over time. If we begin selling from 2036 at $100,000 per year, in roughly 10 years we could safely increase annual withdrawals to $200,000. Approximately every decade after that, it should be possible to gradually raise the amount of Bitcoin we spend in dollar terms, keeping a stable and growing passive income.

Newbies are interested in the quick money making schemes but no be everyone dey like that thing. Some dey do the long term own too. And dem no dey come meet person like that. Only one or two person dey sometimes dey mert person dey asked crypto related stuff. Me sef don meet person but dem no get interest.
Therefore e dey better make I dey use my strength for investment if the resources dey. But if dem gone no wahala, and if I get chance I go teach am but if I no get o go still leave am.

USDT is pegged to fiat USD which means that they're the same in value. If you keep your funds in USDT and you need it right away, you can convert it in an exchange and sell it via p2p trade into your bank account. It does not take up to 30 minutes. You can also choose have a domiciliary account and save in USD. Stablecoin is centralized and been controlled.

A lot of softness will emerge if the CBN start to see the bigger picture, and there's hope for that because of their recent soft spot for crypto. No be whining oo... Millions of Nigerian youths already know the Bitcoin space and crave more of its usage.
Myself as an example, freelancing will become much easier to receive and also make payments.
With lesser restrictions and regulations, Bitcoin adoption can come in, it would surely be beneficial to a Nigerian legit hustler

We should not all the time be condemning our country. I can still remember that in the beginning of this year, a dollar to naira was around $1600. There was even a time it went above $1620. But right now, a dollar to naira is around $1535.

Naira recently is among the first 10 Africa countries with strong performance.

About your question, people even in well developed countries are still thinking that United States dollar is an inflationary currency and they use assets like gold as a hedge while some people are now going for bitcoin as an alternative.

I don't believe it's intentional, if they knew it'll get to this they won't have done it to begin with. They thought fighting Bitcoin will stop the society from having interest but their plans failed. Infact I like the fact that the government aren't being friendly to Bitcoin because that's what has helped alot in making the industry popular among the youths that are always rebellious to the government. I don't believe the government will adopt Bitcoin to the extent that it'll become an accepted currency in Nigeria. What I think is they'll just ignore it. Nobody wants to give up power and not especially the Nigerian government, they won't put Bitcoin over the Naira then lose control to the public.

I greet all of you my country people. I know there may be a few other topics that emphasizes on the importance of an Emergency fund to an investor. Yes, everybody knows say Emergency funds dey important, but that's not what I'm here to talk about. With the help of this thread I'm aiming to give a detailed and step by step guide on how to simultaneously build an emergency fund while also accumulating Bitcoin. This is to prevent the excuse of having to waste more time building an emergency fund before getting started with one's accumulation journey.

DETERMINING YOUR FINANCIAL PRIORITIES

1. Emergency Fund: An emergency fund like we already know should be at least 3 to 6 months of our living expenses and this is what we should aim for. The final amount usually varies from individual to individual so focus on your financial situation and allocate 20% of your income to a readily accessible savings account. You may also choose to diversify a lesser percentage of your Emergency fund to Bitcoin too. Note that this is by choice and not really necessary.
2. Bitcoin Accumulation: 30% of your income should go to your discretionary spending, you can choose to use all 30% to accumulate Bitcoin or use a lesser percentage, it's totally up to you, but note that it should be a reasonable amount.

I know some people might already be tempted to as where the other 50% of your income should go. Take a chill pill, we'll also come to that. Now, we move to another segment which is...

TIPS FOR BUILDING AN EMERGENCY FUND

1. Automate your savings: sometimes having to manually save money can be very tiring, you might even forget sometimes and before you know it, you've used the money for something else, so automating your savings can be a pretty helpful tip to ensure you stay religious with your savings.
2. Make use of the 50/30/20 allocation rule: 50% of your income allocation should go to taking care of essential expenses and immediate needs. The mistake people often make is neglecting this aspect, forgetting that it is actually inevitable and unavoidable, even when you manage to avoid it today, it'll come back tomorrow bigger, and you'll be forced to still sort them out, thereby messing up your plans. 30% goes to your discretionary income and the other 20% towards your savings and also for debt repayments.


TIPS FOR INVESTING IN BITCOIN

1. Dollar-Cost Averaging (DCA): This is a very popular strategy and every true Bitcoin enthusiast should have heard or known this strategy. Now the reason I'm bringing up this strategy is because, if you're to achieve building a portfolio and an emergency simultaneously, then you need to marry this strategy, because it's the only strategy I know that gives you the kind of flexibility to achieve this. So prioritize investing a fixed amount from your discretionary income/spending at a regular interval that sits well with you, regardless of the market's performance.
2. Start small: Starting small is very important, especially if you're a low income earner, don't look at how much you plan to achieve just yet and just start with a manageable investment amount and then you can gradually increase your pace/amount overtime.
3. Diversify your portfolio: for starters, this isn't actually very mandatory but I just wanted to include it because there are some unique situations that may likely arise that may potentially lead to diversifying your investment beyond Bitcoin in order to minimize risk.

BALANCE BOTH GOALS

1. Your Emergency Fund should come first (for now): If you're hoping to achieve both goals simultaneously, then your focus should be more on stacking up that emergency fund FIRST, and then you may allocate more funds to your BTC accumulation.
2. Adjust your allocations: This may not also be very necessary for some, but periodically review your income allocation and should the need arise, make some necessary adjustments in order to ensure you're actually meeting the goals.
3. Be Patient: this is actually the most important one, building an emergency fund and a Bitcoin Stash at the same time takes a lot of time and so requires lots of patience, because sometimes it might look like you're not even getting it right, but as long as you're following the above steps, just keep going and being patient.

These steps may not really look like pretty much but I assure you that these steps and tips can actually help anyone (with a steady income source) to build a robust Emergency fund while also accumulating Bitcoin regularly. And don't forget that staying disciplined, patient and informed is also key to achieving this goal.
Pls you can also include other helpful tools if you've got any.

Western governments claim that they promote freedom in the world. They call themselves "democratic" and "liberal".

Well, Bitcoin could help them with that mission. Above all in today's times that authoritarianism is on the rise again.

But they seem to chose to not do so, but instead they try to eliminate Bitcoin's main freedom-providing feature: censorship resistance.

An example: Bitcoin is one of the few ways to fund opposition movements in authoritarian countries. It's unlikely dictators can detect these Bitcoin transactions if they use well known privacy techniques, like CoinJoins, mixers and non-KYC services. Most dictatorship cut off other (fiat) sources, only cash may still work but is a hassle.

But where should these movements spend the money donated to them, if no exchange or merchant accepts their coins, because they are "high risk" and linked to "suspicious" services?

Another example: People in democracies are protected by strict privacy protection laws. Nevertheless, a lot of services thought to be "safe" were hacked in the past, even government-owned data was massively stolen. Thieves use these data for identity theft.

Bitcoin could solve that problem because in contrast to banks and services like PayPal, it is a way to transact money privately without having to store personal data on some server due to KYC requirements. With these KYC requirements, western governments put their citizens in danger to be victims of serious crimes. They also restrict their freedom to buy everything they want (which in 99% of all cases is not illegal stuff) with nobody having insight to the transactions. Because due to the FATF travel rule, many transactions, their originators and beneficiaries are also stored on servers. And if somebody hacks that data and connects them in the right way, everybody can see what you bought.

"Money laundering", "sanctions evasion" and "terrorist financing" are the excuses used by the anti-privacy governments. But available statistics about that issue show that cryptocurrencies are a very minor tool for money launderers, compared to the vast options provided by fiat money. Cryptocurrencies do not even provide what money launderers most want: "clean" money. Privacy services like mixers only are able to blur some tracks. But they can never provide "clean" money, only "cryptocurrencies of uncertain origin." They are maybe useful for small criminals, but not for the "big fishes".

Thus: Western governments should re-think their stance about cryptocurrency privacy. If they want to fight authoritarian dictatorships, they should not treat their citizens like them. Instead, they should respect their freedom to transact privately.

(That also is valid for governments which are not part of the classic definition of the "West", but claim to promote similar democratic values, like Japan, India, South Korea, South Africa etc.)

Fact is initiating any local transactions of an exchange is risky. I've seen many people loss their money to scammers while trying to convert coins to naira. That's why you should only carry out your trades on trusted platform.. telegram is a hub for scammers and one thing is that you might feel you are smart until they cut their communication with you.

To avoid this is very simple. Avoid trading using local vendors. We know that those on exchanges are as well scammers but a few of them are good and since the exchange acts as an intermidiary between both of you, if you are careful your transactions will go smoothly..

The only once I do know is this
.1) be very careful when you are  sending crypto because after sending the buyer could just reverse the payment.,

.2)never release your coin until you have confirmed payment in you bank account and make sure you check because alert it ould be tricky most times

.3) always check the other users profile to know if their account name matches their verification name

.4)Take your time in verifying everything because scammers often like to hurry when it comes to make decisions

.5)Never click on a link sent to you because it could be a way of stealing you information

.6)Always enables two factor authentication

Only a novice will fall in this kind of scam, because one of the reasons we all make use of exchanges is to serve as trusted escrow between the buyer and seller in p2p, so if you can't get your p2p transaction done on a reliable and trusted ground, then don't even attempt it because you will be scammed.


The use of exchanges is advisable, but that does not mean that there are no scam attempts there as well, you may only have to know how to avoid them when sighted, p2p scam also exist, such could be incomplete payment, fake payment evidence or accepting confirmation of payment without receiving it on your account and so many others.


1. Make use of reputable exchanges.
2. Sell or orders in round figures and avoid decimal points.
3. Confirm the reception of the se t amount before approval or release.
4. Cross-check the figures being complete.
5. Don't give your major contact on p2p chat upon seller or buyer's request
6. Often make use of verified users and check their reviews.

These two methods of savings are good , it only depends on what the individual want.when you safe in USDT , you safe against naira devaluation, your money will remain intact but will not grow in value, but when you safe in bitcoin, you safe against naira devaluation and your savings is bound to grow with time.For those saving for long time, i recommend saving in bitcoin because it gives room for financial growth, but for those saving for short period of time, i recommend saving in USDT to avoid fluctuation of your savings.