I think there is always enough sellers from two or more cycles ago that are so deep in the money that today’s price always seems just fine.
Hang in there, lots of chateau’s and baulongeries for sale for cheap in the future for those with hard money
Ive flown over that in my light aircraft and it’s a sight to behold.
Coming from convict stick they are obedient so they wont buy it till the government says to.
South Korea Dismisses Establishing Strategic Bitcoin Reserve
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https://bitcoinmagazine.com/news/south-korea-dismisses-establishing-strategic-bitcoin-reserve
The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite ongoing global discussions about using bitcoin as part of foreign exchange reserves following the United States plans to create a reserve. In response to an inquiry from a member of […]
This post https://bitcoinmagazine.com/news/south-korea-dismisses-establishing-strategic-bitcoin-reserve
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https://bitcoinmagazine.com/news/south-korea-dismisses-establishing-strategic-bitcoin-reserve
Meanwhile North Korea swaps stolen ETH for BTC.
I’m with you Fred on the disclosures of fees. I don’t begrudge them charging for a service but it’s nice to know what you are paying for so you can accurately compare offerings.
I agree there is work to be done to get to a perfect solution, but don’t let that prevent you from using a couple of services that are good enough. Only by supporting these services will they have the recourses to improve. If the price I pay to help slay fiat is a 2% spread then sign me up.
Interesting thought, perhaps there will be an 80 year cycle that matches an average human lifespan. Perhaps a 50 year cycle to match the life cycle of fiat currencies.
Yeah the euro commies are going to be disappointed when they come to loot my checking/savings/retirement accounts.
A 50% saving rate is inspirational, good job mate. People often suggest 10% but this barely keeps up with real inflation.
🧩 Is the 4% Rule Still Relevant for Bitcoin? 🔥
The 4% rule is the standard for financial independence. What happens when you factor in BTC’s explosive growth & volatility?
Can bitcoin lower your target number?
I break it down in FIRE BTC Issue 21.
https://firebtc.substack.com/p/is-the-4-rule-relevant-to-bitcoin
Trey awesome work.
I did some cals looking at retiring at 65 living to 100, with a constant percentage withdrawal using the power law model for an average USD price.
4% didn’t payout much in your younger years and had you dying with a huge unspent portfolio.
8% was a good balance of early payouts but portfolio value increased all the way till death.
10% payed out good early with the portfolio value flat the last 10 years.
16% payed out great early but portfolio value declined in the last 20 years.
So i concur with your results. 4% is probably too low. 10% -12% might be theoretically optimal but with volatility and the uncertainty of life 8% is probably better. Ideally you would have some optionality in payout size so you could adjust to suit your needs at the moment.
Keep up the good work.
Take 100% of your paycheck in bitcoin then you have to sell to pay your living expenses, makes you think about what you want to buy real quick.
I approve of returning the seized bitcoin to its rightful owners.
nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgp4kg7dqtfdwhj4em3clhhzd0yz78g460y4szqqkp9smghdkaghaglmys9t providing a #bitcoin interest savings account!
Next step is to offer a debit card so I can use my cash balance to spend or pay bills. Won't need a bank anymore.
Wonder if in the near future with bank regs changing to allow for bitcoin will we see an evolution of the "savings account"
Maybe the multsig custody model would be baked into banks for said savings accounts?
Hardcore bitcoiners obviously don't need the middlemen, but there are billions of people that do.
I’m really enjoying Strike and Fold, only use bank for mortgage now.
Normally i like my bitcoin charts in log but for this parameter that only spans three orders of magnitude i like the linear better. As always thanks for your terrific content.
At this point in bitcoin’s adoption I’m not wedded to any solution, I try new ones as they come available. Ive had to stop using several so far. It’s just par for the course.
I’m tempted to jump in and just do the nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 bill pay already.
Pretty easy to do
⚡️💬 "A lot of people are starting to realize I should just take the tax hit of withdrawing all of my money from my retirement account right now and put it all into #bitcoin." - nostr:nprofile1qqsrpl96thl42ve0gsah63ypz75uunzpgfrd0g2x8nry4ggtef6crdgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgdwaehxw309ahx7uewd3hkc2w3gtk with nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspzfmhxue69uhhqatjwpkx2urpvuhx2ucpzemhxue69uhksefwwfjkcctev93xcefwdaexwe6eshk
Yup cry once but then have total control.