That’s so you can’t say you transferred it to the wrong address when Revenue comes knocking looking for the tax on your unrealised gains.

Ooffff walls are closing in

I choose either option because it would mean having 10 bitcoin initially

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

😂 I think we're good this time around though.

Heard it in the barbers today

my uncle finally asked me about buying bitcoin, after all 3 of his kids have been buying for the past 1-2 years.

he asked what exchange to use, how to DCA, how to use cold storage, how everything works, all of it.

the 100K FOMO is happening.

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Good morning Europe!! 🇪🇺🇪🇺🇪🇺 🧡

Congratulations 🇮🇪 ☘️

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Parabéns 🇵🇹

Gefeliciteerd 🇳🇱

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Iszakesh 🇲🇹

That’s the best plan, strap in, enjoy the ride and Stack the dips. And never panic sell 🤙

There’ll be some grind but we’re about to enter face melting pumps and also corrections. If we avoid any black Swan events you’ll need to put on your bullmarket diaper as you’re likely to shit your pants 😉

There’ll be some grind but we’re about to enter face melting pumps and also corrections. If we avoid any black Swan events you’ll need to put on your bullmarket diaper as you’re likely to shit your pants 😉

It’s important to have something to look forward to.

For example, I’m looking forward to million dollar bitcoin next year.

What’re you looking forward to?

When the pumps finally start you’re gonna cry for ya momma 🤙

Congrats and commiserations on 100k euros