On 1 - interested to hear tipping point for different individuals.
Imagine a year of diligent stacking, this increases the bag by X% (measured in BTC)
What's X below to consider that year not moving the needle? 💰
Discussion
It corresponds to each marginal dollar. Let’s say you have 5 bitcoin and earn $120,000 a year.
Bitcoin goes to $1,000,000. You initially put in $35,000 and now have 5 million.
Each additional $35,000 now buys you 3.5 million sats. Your salary did not increase so you still have to work 3.5 months to earn 35k.
Let’s imagine you believe bitcoin will increase in value to 10 million per coin over the next 10 years.
You’ll ultimately have 50 million dollars with your current stack.
Each additional stack of 35k will be worth $350,000 at 10 mil per coin.
If you’re lucky maybe you can do a stack a year. So best case 3.5 million. Or realistically more like 1.5 million.
So the question you have to ask yourself is if it’s really worth it to work 10 more years of your life, just for an additional 1.5 mil if you already have 50 mil?
Adds some colour, thank you. Eveyone prob has their own way of doing these sums. Very individual, based on salary / cost of living etc. Eg. Different game if you're lone wolf vs family man.
It is well known people work for more reasons than just paying bills. Also ambition is not always full logic, so 51,5mil > 50mil.
Should, a person facing that sort of dilemma, just stop working and go out and do some volunteering or help the family instead.
Well one would work in order to cover living expenses and not have to touch the stack until it reaches that target price.
After that then yeah one would think the utility of working is quite low.
I think physiologically it will be hard for some people to view their stack go down year after year. In fiat land people only care about the dollar value of their portfolio so having less shares of a stock over time is not a factor.