I'd say it depends on a persons age and their lifestyle. Sub 40 you should keep your job. Past 50 with a couple of coins stacked and with a tranquil lifestyle in a cheap country should suffice until the day you day. Then there is people with children who have to plan for them too.
I don't think that there is a "one size fits all" answer to that question.
Good point. I’m 29 and want to quit the fiat mines as soon as possible and live a normal lifestyle in a low cost country like Thailand
Do you have kids? If not and of you're above three coins (I suspect you are) you're ready latest next cycle.
Plus you could always start working part-time at a dive shop or teach English. It's what I did when I lived there. Pays the rent
Don’t have kids which makes things more flexible
Damn you lived there?! It’s just so risky in the minds of mainstream narratives. Guess I’ll have to pop through that bubble one day
Yes that was like 25 years ago. I guess a lot has changed since then in Thailand. Back thenmy Condo in BKK cosy me like $200/month and street food was like 20-25 baht.
But it's probably still a cheaper place than most western countries and the country, the people and the food are just awesome.
Maybe take a longer vacation there before making life-changing decisions? The #siamstr community could probably help you settling in when you do decide to live there.
One thing I can say for sure, some of the best time in my life was my time in Thailand
Been to Thailand one year ago, it’s a wonderful place. Going back in March
Favorite place on earth
#siamstr
Hi I'm native Thai living in Chiang Rai, Thailand north-west of Chiang Mai. A good private house/condo for rent in a city maybe 150-300$ a month and can be 1000$++ in some area, food aren't expensive here you can have good cheap meal for 2$ to luxury 5 star 1000$ a meal at the same street🤣 please feel free to ask #siamstr when you have a visit 🚀
I’m visiting Chiang Mai in March
Looking forward
Thailand is my favorite place on earth
What mainstream narrative? Don't listen to folks who don't know what they're talking about. People who write articles rarely have real-world experience.
The world is far safer than it's made out to be.
You’re right! I just mean that you’ll get looked at as crazy if you quit your job and move to another place
Here is the formula, figure out what your realistic annual expenses would be better to overestimate then underestimate here. For example $50,000 x 25 = $1,250,000 which at current prices is about 12.5 BTC. Annually you liquidate 4% of your stack for expenses the remaining 96% will continue to grow. You should be able to withdraw 4%. That said with the drawdowns you probably want to hit this number at the bottom of a bear market. The delta between peak and bottom can be huge with bitcoin as you know.
Or the modify it a bit for bitcoin if you hit you target at the in a bull run you withdraw 4 years of expenses (16%) so you dont need to withdraw again until the next bull cycle. Your 84% stack will be worth way more than your 100% stack in the next cycle so in theory you could do this forever if you keep your spending in check.
Great! Thanks for this great info
Although I think this is very very defensive
Yes it’s conservative but if you have dependents you need to be or if you don’t want to accidentally end up back in the fiat mines for mismanaging your stack.
If you’re single you could probably do it with a lot less. But again if your all in on bitcoin and it drops 70-80% and you don’t have cash to cover expenses and no income that can eat away at your stack pretty quickly.
I genuinely like my job and I like having a job. Probably stay, as long as they'd keep me, regardless.
I admire you
Next cycle you'll be unemployable 😂 it'd a side effect of stacking (long enough)
Oh, I don't know. I mean, I quit my job and immediately started a Nostr company, instead of relaxing. And I volunteer for the church. I think I'm just an Arbeiter, by nature.
I work, even if people don't pay me. 😂
Being self-employed or doing voluntary work is different. I'd even say working part-time or seasonal is still an option (depending on the industry) but me going back to a 9-5 wont happen. My mentality and the person I am today isn't compliant with the mentality of the average working bee. Plus, I'm not a person who's interested in paying taxes.
Yup… I do feel that way myself last time
It depends upon the job. This one is for critical infrastucture and it's really motivating to know that people are counting on me to do a thorough job. I feel the same thing about my work at the church. People are there, waiting for me, when I show up, and they're relieved to see me.
I like that sort of work. Prefer it to relaxing.
This is truth. We need some ₿ accountants and specialist for the inevitable inheritance questions. We are still in the wild, wild west.
