I already have so much extra cash just from small sales on the way up
Remarkable result, given the 0.63
BTC you may or may not have.
Thanks. The credit for remarkable results is not me, since bitcoin is amazing like that. As you mentioned, I claim to have more than 0.63 of dee cornz, which
used to be 3x of the intial BTC accumulation target for many normie newbies; however now that the BTC price went up so much, normie newbies are likely going to need to set their initial BTC accumulation sites lower, such as shooting for an initial charge of 10 million satoshis or something like that, which may also end up giving me permission to dip into my own bottom threshold level of corn.. because in some sense, it does not seem to be fair for me to be bragging to having more than 6x larger than the normie newbies initial stacking targets.
Another thing is that normie newbies can aim for achieving 1 million satoshis in their BTC stash at a time... so then I will feel bad if I say that I have more than 63 million satoshis, which then is more than 60x their initial stacking targets, yet surely it might still be reasonable for many of them to shoot for getting to 10 million satoshis in their stash.. .. Anyhow, if I might start to feel guilty about having too many or maybe that I reasonably have more than enough cornz, then perhaps I would thereby be able to feel comfortable in cashing some of them out on our likely soon
tm way up to $450k, yet my historical rule has been to try to at least maintain some kind of a reasonable floor level of satoshis in my stash and in my vision of the future of my stash.. .in order to feel rich, to feel like I am getting richer faster, and to feel like I have a sufficient quantity of options...
Another great thing about bitcoin is to spend from your other sources of income and cashflow first, especially if any of us wants to continue to allow our stashes to grow, which is another reason that I have tended to be a stickler for not selling too much of dee cornz on the way up, yet ONLY when we have enough BTC or more than enough BTC should we be selling any of them..or engaging in practices to sell any of our cornz..
By the way, I keep refreshing the amount of bitcoin that is needed for my ideas of default western entry-level fuck you status, and it recently
crossed below 19 BTC based on my new formulas for calculation. My assessment is that a person with that quantity of BTC has crossed over the $800k valuation based on the 200-WMA, and therefore would be authorized to withdraw up to 10% per year based on dollar withdrawals and the 200-WMA dollar value, which would be $80k per year or $6,666 per month.
My number is around that one too.
Like one of the answers I'm already having trouble getting to the office before 10AM, or getting there at all. Fortunately I can work from home last minute.
If you are approaching f. u. level be careful you do not want to pull the
trigger and do it in one shot.
Shave a bit off at a time.
That is one of the problems in using spot price for your valuation of your BTC, and it would not be good to sell all of your BTC and then be completely in fiat.. or have to come back to working because of miscalculating the numbers... even though I think that many people just calculate how much their stash is worth, and then they divide it by how many years they believe that they are going to need it... which is not a very good way to do it... which is part of my concern when I see guys throwing out a BTC spot price and saying once bitcoin reaches that price, then I am going to pull the fuck you lever.
