21 sats \ 1 reply \ @PlebbyG 4 Apr \ parent \ on: Americans need just 1.5 million dollars to retire econ
Let me give you some sats to re-charge that 🔮 of yours 😉
I'm pretty sure just one bitcoin will be PLENTY by 2030... plenty...
I did a speculative attack awhile back and just made a huge spreadsheet.
If you track the interest rates, monthly payments, etc... then you can track how much bitcoin would have to increase in order to break even, etc. I've already come out ahead.
Point being, if you do a lump sum purchase of bitcoin NOW given a set monthly debt repayment amount, you can acquire more bitcoin than if you just DCA'd the same amount, especially over a halvening. Think long terms of 5+ year payoffs. Yes, interest rates are high, but bitcoin will rise in value more than enough to make up for it!
Just don't over-extend... but if you're already DCA-ing $200/month, for example, then just get a loan for $200 a month and drop a huge purchase.
Am I missing something???
I've always considered retirement to be some confusing fiat scheme they try to pull on all of us... such an opaque process with too many overly-complicated terms and processes. Especially 401(K)s...
What I'd REALLY like to know is how much bitcoin I'd need to retire in a sunny place for the last 40 years of my life starting in 2033.
GENESIS