How much Bitcoin should you have saved by age 50?
236 sats \ 10 comments \ @BlokchainB 30 Jun meta freebie
To get started we need a baseline. I am using fiat because 99% of all of our bills is still denominated in dollars until sats are the unit of account for goods and services.
For reference we will be using the Average Accumulator of Wealth
https://m.stacker.news/37749
So at age 50 assuming you are earning $100,000 per year which means the goal is to have $500,000 net worth at that age and salary.
Which means you will need 8.06 BTC to hit your goal at today’s exchange rate of $61,996.
With fiat having no bottom and bitcoin having a fixed supply the amount of bitcoin needed to hit a certain fiat amount changes thus the goal of $500k net worth can be achieved but getting to 8.06 BTC can be a real challenge.
SO WHAT DO YOU THINK STACKERS
Does this method make sense to give people a reasonable stacking goal?
Source material comes from this YouTube video
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92 sats \ 1 reply \ @JesseJames 1 Jul
As much as you can. I would leave the weird calculation aside, since we are all different. Any extra (spendable) income should go to savings and BTC is your best bet. No science degree needed.... :-)
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50 sats \ 0 replies \ @Bell_curve 1 Jul
If bitcoin exchange rate rises to $600k , you need 0.8 btc
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71 sats \ 1 reply \ @grayruby 1 Jul
I guess it depends when you need to start living off your bitcoin. If you don’t need to live off of it for another 10-20 years then you probably need a lot less than 8BTC because the purchasing power of your bitcoin will likely grow substantially over that period of time.
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20 sats \ 0 replies \ @Bell_curve 1 Jul
My net worth is misleading because I can’t touch my Roth IRA until 59.5 years
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50 sats \ 1 reply \ @byzantine 1 Jul
just save 20% of your income continuously forever
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50 sats \ 0 replies \ @Bell_curve 1 Jul
Richest man in Babylon
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50 sats \ 0 replies \ @SatsMate 1 Jul
By 50 I think this is fair! Honestly many people can get by with way less, if the move to a trailer park or something. There are ways to get by with very little.
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21 sats \ 0 replies \ @karanjajes 1 Jul
If you were to hit your target whatever the target is,saving more and stacking more is just the only way.
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0 sats \ 1 reply \ @DarthCoin 1 Jul
I am using fiat because 99% of all of our bills is still denominated in dollars until sats are the unit of account for goods and services.
Just by starting with that... you NGMI. That right there is your impotence of living in a Bitcoin standard.
And the whole question is wrong. It is a wrong point of view. It demonstrate a full fiat mindset. Going back and always reference to fiat is a giant bottleneck.
The whole point is to start living a Bitcoin standard, make it happen, not waiting to happen... When you earn in sats, spend in sats, save in sats, YOU DO NOT CARE ANYMORE HOW MUCH WORTH BTC IN FIAT AND YOU NEED TO ACCUMULATE UNTIL X YEARS OLD... you just live happy.
YOU WILL REMEMBER MY WORDS.
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100 sats \ 0 replies \ @Bell_curve 1 Jul
Can you elaborate? You’re being too subtle and vague
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