At what point could one retire on #bitcoin
Let’s say an avg. family of 4. Children are around 10yo. Single income. Thoughts?
Discussion
150-200 btc probably atm?
That would be assuming the conversion rate is stuck at ~$100k. We see a strong appreciation so I’d think way less.
Not really… price movements happen up/down… if you retire today with only 1 btc and no income in 10 years there’s absolutely no guarantee you’ll have any btc left…
Yes I agree there but given the trend year over year I wouldn’t think you need to hold 150btc. If one was to retire today then absolutely. What I’m trying to figure out is say you have 1btc, how many years out would one expect to retire at the current appreciation. I know it’s all speculative, this is more a question of how much and long to hodl before one could retire given the current trend of appreciation?
We’re still a long way out imho for 1 btc to be our generations retirement mechanism…
Possibly our children’s generation our their kids…
3 Bitcoin if it appreciates at 29% per year.
You could probably do some side hustle to cover food and bills.
3 btc at current market doesn’t sound too bad. We see a trend of appreciation decreasing 10-30% every few years. So, the later you get in the lower return.
The math gets complicated when you start throwing in variables like tax rates, commodity rates, living conditions etc.
I’m wondering if we’ll come to a day when say .1, .3, .5btc will be the new retirement rate.