Topic: (SSS) - A Sane and Simple bitcoin Savings plan - page 4. (Read 84960 times)

WOW!!!!!   

I just went to the link and I played around with it, and I made a copy and inserted some of my own ideas of numbers that would be fitting to my current situation and thinking..

The spreadsheet is short and sweet and works really nice to allow the tweaking of the numbers and percentages to consider what could be a fitting plan for individuals who have differing ideas regarding rake points and BTC price performance probabilities.

Thanks Dennydotco.

Awesome site!

Thank you!

for now the easiest way to get this is to follow the forum and follow the sig. campaign, in which a certain level you will get a large enough number of constructive post your results, there are paid weekly and there are monthly, various payments made, just how do you adjust the level of payment that you will receive ... 

I have paid you a small tip of 1 million satoshis to 1Save78yHN1S6oaFwoeWjhfrciDTsvWtu  

Thanks OP for providing such a informative thread.
I'll mark this thread and read it in detail later. 

Thanks, very nice.

I made a Google spreadsheet template if anyone wants it.

https://docs.google.com/spreadsheets/d/1ImKoEk72HK7zuOf3FBa2mbcf6qxoe7tmvWgYIWwwnPM/edit?usp=sharing

On the template I put a 5%, 10%, and 20% rake at doubling intervals. Right now the first rake is set at $1000, but you can adjust it to what works for you. I personally have my first rake set at $4000. I'm hoping that happens later this year.

EDIT: After reading JayJuanGee's suggestion I added a way to choose your own multiplier and rake rather than having presets.

Very nice one. I just going to adopt something like this but with different %.

Saw someone else link to this plan in a thread and it looked like a good strategy so just commenting here
Starting in 2009 with those pizzas and moving forward Bitcoin development started to grow at a rapid pace
And now we are starting to see merchant adoption rising at a similar rate
In my opinion that means it will only  be a matter of time before the individual usage rate starts to spread due to the networking effect.

As you said
The past cannot be changed, but there are enough gains waiting for us in the future to amply reward those who care to exercise their logic and invest rationally.

So thanks for sharing

I have no doubt about that. Sorry if you felt hostility in my comment; it wasn't my intention.

Raindex:  Your comment seems to contain several incorrect assumptions about my motivations in making my earlier comment/ suggestion.

I was making a suggestion for an improvement for the tool for others, and NOT for myself.  

The improvement does NOT need to made if others do NOT believe my suggestion would be helpful...

Certainly, we can have different opinions about this kind of thing without making assumptions about nit-picky or negative motives of others.  

Personally, I also made the comment/suggestion because I doubt that it would be a good idea to have a rigid plan that has a set multiplier over a long period of time...  Even though such a rigid projection may work for some peope, it may NOT work out or be realistic for real world, application,.. but to each his own, especially if some people believe that it projects well for their needs and their calculations and planning.

 I do NOT know how to create these kinds of web-based charts, and to post them on the web; however, I DO know how to utilize various Excel calculation tools for my own personal calculations, projections and plans, and I do NOT mind sharing my various plans with others, to the extent that other may find my plans and conceptions useful, and to the extent that i have solidified my projections into a raking plan.  

At this point, my average BTC investment cost is around $600, so I currently do NOT intend to make any meaningful rake before $2,400-ish.  I am waiting for a couple of real large sums of fiat to hit my banking account soon, as well, so the amount and the timing of that money may affect my average BTC cost(s), depending on the price of BTC at the time that my new lump sums of fiat hit my bank account.  

Additionally, I may begin to trade a portion of my profits between $800 and $2,400, depending on how quickly BTC prices rise, and what is my average BTC price while BTC is within those price ranfgs... At this point, I am a little nervous about making any sales of BTC below $1,000 based on my own investment costs and my own beliefs concerning where the BTC trendline is at the moment.      

Next you will want your customizations to be saved for you, because you will feel it's too annoying to redo all the tweaking tomorrow, when you have a new idea. I think the tool is good as it is. If you want something more personalized, you can create your own spreadsheet. Takes just a few minutes. If you want it to be accessible from anywhere, use Google Docs or some other similar service.

thnx...nice lead

I really like this tool, also. 

I do have one suggestion that may make the tool even more amazing, and that would be able to individually modify the multiplier for each cycle.  In that regard, each line would have its own multiplier and I would NOT want to rake very much in earlier cycles; however, in later cycles my rake multiplier would be higher.  So, if I could set the multiplier on each line, then I would really be able to customize the plan to my individualized preference(s)

Just go here: http://bitcoinsavingsplan.com/ and play with the numbers. Best easiest and fastest way to learn and get a feel for this.

Can someone do up an example of this scenario with US$1K over 10 years?

Thanks, I think it should still work fine as long as you ignore the BTC units 

I just updated it today based on some requests to be able to modify the "doubling" to other values.  You can now modify the cycle multiplier to trigger a sell on 2x, 1.5x, 1.1x, etc.

Also, if you want to set up a fixed withdrawal rate in fiat, there is an option under the cycle multiplier to calculate that for you based on a given rake %.

Because payments to miners from pools occur every day, I suppose the day-of-week variation is due to consumer and investor behavior. Likewise bitcoin exchange volume drops on weekends.

I love you SSS plan http://bitcoinsavingsplan.com.  I am using it for Nxt now. Too bad there is not an option to add other crypto's like Nxt.