Hey guys,
so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.
With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:
I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?
I greet you too.
I can say that you did the right thing by accumulating btc and eth over the past 3 years, although the average cost of your purchase of bitcoin should not be much different from the current price. Perhaps your savings will pay good dividends on the next bull run.
To tell if your savings are enough for retirement, need to know how much you have and know your monthly expenses. So, only you can find out the answer to this question, having previously calculated it personally.
I think that 10 BTC and 100 ETH even at the current exchange rate would be a very decent accumulation in many countries of the world. Is it possible to accumulate so much now? - Will depend on individual income. Is it worth stopping at these marks? - it's up to you too. Personally, if my standard of living allowed, I would not stop and continue to accumulate bitcoin (may be altcoins). And what other alternatives can you choose to save money? Not to give it to the banks, really.
In general, it is pleasant and interesting to participate in such conversations, but it doesn't bring practical benefits. For the information is too vague and in order to get answers, you need to take into account many individual points.