How much #Bitcoin do you think will be enough to be financially independent in 10 years
Discussion
10+
What are you defining financial independence as?
Imo 3 million is financial independence. With an average yield of 4% you can live of $10k a month without touching your initial portfolio
Yield? There is no yield.
Yield is the wrong word. Return.
i honestly think u have to start thinking ab thr possibility of 2 different lifestyles.. bitcoin or cbdc. plan for both?
You know what I mean about return.
Can’t say that BTC going up in purchasing power is no return.
But yes agreed with the cbdc statement
It is no return. I don’t want dollars, I want Bitcoin.
If I start a year with 50,000,000 sats and end a year with 50,000,000 sats, I have a zero percent return.
If you see dollar gains as returns, you’re going to have a hard time not selling back to dollars when its collapse accelerates.
Why would a growing purchasing power only be compared to dollar gains.
If I can buy a home today with 10 btc and in 10 years with 1 isn’t that a growth in purchasing power in your opinion?
That doesn’t automatically mean the dollar value of that home went up. (Probably it does yes)
i see ur point, value is going up
To me, the price/value of houses is going down. Same applies to food, energy, cars, businesses, etc.
Good way to look at it.
It’s going down in value versus Bitcoin. Which means Bitcoin goes up in value against everything else
I already see Bitcoin as being a ruler where everything in the economy should be divided by 21 million. So from that perspective, Bitcoin is already the standard of value, and everything else is crashing against it. That is ultimately the conclusion everyone will come to with time.
The reason I push back against the idea of Bitcoin going up in value is because I’ve spent a lot of time learning about Weimar and hyperinflation recently.
People get easily confused by the booms and busts, and often thought they were getting rich when really they were getting debased.
I don’t want to see good Bitcoiners selling for dollars because they still don’t understand the dollar is completely fake. When Bitcoin hits 10 million, its next stop will be 10 billion, probably at an accelerating speed.
100%
I always think back on the book “when money dies”
Very important not to get caught in those booms and busts every fiat currency will experience
That is definitely purchasing power growth. I view it as a crash in the price of houses though. A Bitcoin will always be worth a Bitcoin, and it’s the price of other things which is volatile.
One Bitcoin, correctly valued, is equal to 1/21,000,000th of the entire wealth of the world. I suspect that in 10 or 20 years, you will be able to buy dozens of houses for One Bitcoin.
Very happy you replied on my post. Very insightful thinking
Thank you sir
Both are your decision. I’ll spend zero time planning for a CBDC because I will
never use one.
Things get weird in an sats denominated world.
I’m only pointing that out because there’s a big psychological difference between having 2 million in a stock account and always scraping of 5% a year while “preserving” the 2 million, versus having 200,000,000 sats and seeing your net worth go down 5% per year (even if it goes up in dollar terms)
There is no way to scam in Bitcoin. If you want to buy things with Bitcoin savings, you have to spend Bitcoin. No yield. This is a good thing, but it’s an entirely different reality.
not on bitcoin for sure.. unless u like cbdc, there probably wont be yield no
Differences in cost of living around the globe is crazy. At €10k I could live like a King in Spain and I can, if I have to, live on less than 1k. At €2,5k net you'd be already living very well. Let alone on 10k
Yes agreed! 10k is insane money. That’s why I would say that as a point at which you won’t have to think about anything
A lot depends on how big your family is, where you live, how you live, etc..
Also, very hard to predict BTC in 10 years. IF it continues its pace, it will be $500k-1mil+ a coin. 10btc will put you at 5-10mil$. In many parts this barely buys a house and college for the kids..
I personally would consider $5-10mil in todays dollars to be financial independence. If you’re paying $5-10mil for a house and an education, you’re getting ripped off and need to move or change schools.
Not that there’s anything wrong with having expensive things - I just don’t value either of those at those prices.
To me, financial independence is the ability to take care of yourself and your dependents (wife, kids, elderly parents) for 5+ years using savings alone. Which I believe a single Bitcoin in 2034 could accomplish easily.
It all depends, houses these days cost $800k+ just for a standard, old house, and will probably be double that in 10 years. College for the kids, a state school is different than MIT is different than no college. I prefer MIT, but I went to a state school and am OK, all will double..
So many factors..
If Bitcoin megamoons, yeah, we are all good in 10 years 🤙
You can get this for just 1.4M in Spain. Same money buys a container house in Canada.
Yeeez that’s a lot imo
Just depends, do you have kids? Plan to put them in college? Do houses in your area cost 500k or 2mil? Are you including your wife’s financial independence or does she keep working (😂)? Etc etc
You could live off of 10k a month, but after taxes, that’s 6k, which is not the ‘high life’.. So many factors…
Do you live in US? Because 6k in Europe is quite good 😅😂
That's a lot of gf's!
depends on so many things. your lifestyle, your country, your plans, your local p2p circular economy. world war number whatever etcetc imo
best to just not think and stack whatever u can save up in bitcorn, keep fiat emergency fund and fiat cashflow as healthy as possible if not earning in bitcoin. fortify.
I can live with this
Pure signal 🙏🏼
2/5 depending on wayy of leaving and place in th world.
With less you would struggle of a pronlonged bear period with big draw down.
Why 10years I thought we are here for long haul
Ofcourse. Ain’t gonna sell it after 10 years
Just want a financial independence by then
I don't know about 10 years but if you're a millennial 1🌽 will suffice to live your pension years in a humble but comfortable manner.
Depends on your needs to be happy.
If you need a Lambo, Rolex, Yacht and 10 bisssshes then you need a proper stack.
If you just want to live a quiet live in a cheap country doing every day whatever the f.. you want, 1.420 BTC.
The real flex isn’t the flashy lifestyle. It’s the quiet life
100%. Here's an older flex from Spain. This was €700/month and now I'm paying €450/month for a 1 room apartment while I have to be in Germany. Can't wait to leave again.
The Finca:
The office:
The eggs lol
The coffee place
Wow!! I’ll meet you one day in Spain bro! Can’t wait for that life
If price increases, just a little bit
Average pleb will be able to retire (well) on one bitcoin