Post, so full of optimism and bright future from sceptical chemist. I actually wonder, are you pharmacist who was in touch with chemistry and loved it but decided to change name as The Sceptical Chymist or does your first "The Pharmacist" username and then new "The Sceptical Chymist" username come from your favorite books?
Yeah, fuck all of that shit now, right? As far as all the personal questions go, I'm just a loser who happens to be a member of bitcointalk--and a flat-broke one at that. That's all you need to know about me and unfortunately it's the truth. Ugh.
Out of curiosity, I want to know if your plans have changed or are you going to accelerate the process? If you were collecting bitcoins from your sig campaign, if you trade and manage to aim 2-5% monthly profit, then I think moving in a cheap country like Brazil will be a solid decision if one wants to get rid of real-life work in own country but definitely building an empire or luxury life won't be possible.
This thread is/was just a masturbation fantasy, and I think I probably stated as much in one of my previous posts. I was never planning anything, just fantasizing about what could be, you know? Where I live sucks. And by 'sucks' I mean that to be all-inclusive; everything from the weather to the multitudinous assholery to the cost of living sucks genital sausage 24/7. I'd love to get away from here, but at this point it looks like that ain't going to happen and it's got nothing to do with sig campaigns, either.
Aiming for 2-5% monthly profit? That's possible I suppose, but I'll be damned if I could ever come up with a trading scheme (or any other method) to accomplish a return that high. Perhaps if I had a finance-savvy housemate in the fantasy castle, I might be persuaded to dabble in something risky....but that just sounds
way too risky.
BTW, I'd love to at least visit Brazil. I hear both the women and the weather are beautiful. I also hear crime is brutal, though. Is that true?
Even though you consider the framework and/or the likelihood to carry out some kind of a plan like you had proposed as unrealistic or not feasible.. (humbug)... , we have seen plenty of on the grounds data to describe that you would be able to live off of something like $300 per month in several places in the world and to even be comfortable with that. Yeah, of course you described a hypothetical in which you share costs with other guys in order to be able to achieve a household of $1,500 per month, and even though I don't have any problem with that.. I really doubt that it is necessary to share with other guys once it were to come time to execute such a hypothetical plan.. and sure different strokes for different folks regarding how they would want to live an if they believe that sharing costs help them to achieve some variation of their objectives, and yeah, maybe you need to increase your monthly amount to higher amounts (instead of $300 per month to increase it to more than $1k per month or maybe even having a goal of more than $1,500 (just for yourself would be more reasonable.. and it seems to be reachable for someone who lives in the west to save enough to have that kind of an ongoing income as compared with someone who already lives in a lower income area is going to have a lot more difficulties being able to set aside excess income or to establish discretionary income).
Many of us who had been born in a western country have had a lot of advantages as compared with a lot of guys in this forum who had come from way lesser income so they have way more difficulties setting aside great amounts of value because their salary (income opportunties) are not as great as they tend to be in the west, even if we consider ourselves to be living paycheck to paycheck in the west and even if in our earlier years while we are building up our investment portfolio nestegg we are going to have a lot of chances to do better if we can defer gratification by cutting costs and attempting to increase our income in order that we are able to save and invest, and surely something like bitcoin gives us a lot of potentiality to reach our goals to be able to secure and to transport our wealth when the time comes to start to deploy it... . such as in a relocation situation. and prior to bitcoin we might not have had such potentialities to earn and save our money in the west and then spend in the lesser income places.
Even with your forum registration date (of early 2015 - and by the way, congratulations coming upon an 8-year anniversary in just a few days.. even if you might have not understood bitcoin sufficiently during that whole time.. hahahahaha... Wake the fuck up!!!!!), if you had been
saving up bitcoin for the past 8 years with an investment of $10 per week, then you would have invested $4,180 and you would have accumulated a bit more than 3 BTC, which even if that might not be a great amount of BTC to have had accumulated, it is surely on the road to accumulating a lot of wealth into the future
(even though not guaranteed - and surely nothing is guaranteed, especially if you cannot understand and appreciate the current value of it and even its future potential value that is evidenced in part by it's history and other aspects of it staring all of us in the face)... So yeah, maybe you can up your game to $100 per week since there is really no meaningful/significant evidence that bitcoin is a worse investment than it would have been in early 2015 - even though there is significant/meaningful evidence that bitcoin is both a likely better investment with a stronger investment thesis, and maybe, given the ways that prices are going up and supply chains are getting fucked an other ways that there are uncertainties in the world, then probably it would be best to be putting at least $100 per week (and more if you can) into bitcoin rather than the $10 that might have been the whimpy justification from 8 years ago.
Once your bitcoin is worth around $500k, then you likely would be able to perpetually get a passive income off of that value for around $1.7k per month, which is well enough to both live well in a lot of places around the world, likely has a decent amount of future proof and cushion contained therein. Even if
my December 2021 projection of fuck you status (using $2 million) was a wee bit too optimistic,
** it still seems to be quite possible (from my perspective) that you likely do not need as many bitcoin as you might believe that you do) if you are able to move to a lower cost living area, and getting to a moderate fuck you status that is around $500k in value rather than $2million in value may well be reachable in a couple more bitcoin cycles (4 years-ish per cycle). Yeah of course, anyone who had been investing $100 per week since early 2015 would feel a lot better compared to someone who might have had only been investing $10 per week.. and it seems kind of defeatist for anyone to actually know about bitcoin and not to be able to come up with some kind of an aggressive/assertive plan that does not overdo it... because some people end up getting reckt when they overdo it rather than figuring out and employing a sufficiently aggressive and assertive plan that does not devolve into gambling.. and there is a need to do something rather than to just expect to get saved by not doing anything.. and no one is going to save you but yourself, especially if you are able to set aside value in an aggressive manner and if you are only able to do $10 per week, then so be it, but if you are more fortunately able to do larger amounts such as $100 or even $250 per week then the aggressive/assertive will likely have good chances of paying off better (and no guarantees, for sure).
**I have been thinking that at some point I need to change the curve on my my BTC bottom price projections (especially regarding the 208-week moving average as the BTC bottom price) in that chart in order that the UPpity curve becomes quite a bit more gradual with the passage of time.. so likely I will get more inspired at some point in the future when I get time to do it and I come to believe that there is some need to update such chart.. and really any of us can still do some extrapolation of the chart in order to figure out how to lower the expectations a bit... but yeah, maybe it would be better if I plugged some new numbers and new formulas in there .. (a graduated curve rather than straight-line curve) ,... even though the fact of the matter remains that even the historically (and unprecedented) low BTC prices that had gotten around 35% below the 200-week moving average.. and largely still remain below the 200-week moving average have still not caused the 200-week moving average to start to curve down. In other words, the 200-week moving average continues to slope upward, even if it is more flat than its historical levels, relatively speaking.. just barely going up in recent times.