Topic: (SSS) - A Sane and Simple bitcoin Savings plan - page 7. (Read 84948 times)

Glad I came across this guide, time to go SSS!
Since BTC is now at very low, I plan to buy some and work out the plan now. Thanks to OP!

Great guide

Great guide

Nice calculation. Im terrible at spreadsheets, but i just made another experiment. I took the jump that BTC made from $5 to $1000 and projected by about 90, which puts us on the average price lately and to an hipotetical mark of $87,500 USD per BTC in a 'hope-not-too-distant' future   Also, i toyed with the factors. Instead selling when price doubles, i take a more defensive stance acting when price gets a 50% increase. And also defensive, when the system tells me to sell, i sell not a 10% stake, but a 15%. Lets say im not a complete convert :-)
The results are nice though. I breakeven sometime between BTC reaching about $1800. When BTC breaks the 10K USD mark, and all my friends start telling me "hey, you are rich now or what?" i will not, but i will have netted about $10K from the investment and i will keep a healthy 1,35 BTC. In the boom scenario, with BTC at $87K each, i have $41000 in my pocket and still have more than that in BTC, just in case we literally go to the moon. I didnt advance further because i firmly believe that not in 1 million, but in anything between $50,000/$100,000 per BTC, the world will have changed a lot, and one hamburger probably will cost $50. We will see. Hope this can be useful to someone.



   Factor   1,50   Factor 15%               
   BTC   Price           Remaining BTC   BTC Sold         $ Value sold            $ sold totalBTC     $ Remaining Value   All Holdings BTC+USD
   5   450,00   5,00000000                   0                 0                               0                      2250                   2250
            675,00   4,25000000         0,75000000            $506,25                 $337,50              2868,75                   3206,25
      1012,50   3,61250000         0,63750000            $645,47                  $982,97              3657,65625           4640,625
      1518,75   3,07062500         0,54187500           $822,97                 $1.805,94              4663,511719           6469,453125
      2278,13   2,61003125         0,46059375          $1.049,29                 $2.855,23              5945,977441           8801,208984
      3417,19   2,21852656         0,39150469          $1.337,84                 $4.193,08              7581,121238          11774,19771
      5125,78   1,88574758         0,33277898          $1.705,75                 $5.898,83              9665,929578          15564,75832
      7688,67   1,60288544         0,28286214          $2.174,83                 $8.073,66             12324,06021          20397,72311
      11533,01   1,36245263         0,24043282          $2.772,91                $10.846,58             15713,17677          26559,75322
      17299,51   1,15808473         0,20436789          $3.535,46                $14.382,04             20034,30038          34416,3416
      25949,27   0,98437202         0,17371271          $4.507,72                $18.889,76             25543,73299          44433,4918
      38923,90   0,83671622       0,14765580          $5.747,34                $24.637,10             32568,25956          57205,35829
      58385,85   0,71120879         0,12550743          $7.327,86                $31.964,96             41524,53094          73489,48807
      87578,78   0,60452747         0,10668132          $9.343,02                $41.307,98             52943,77695          94251,75354


Raising the 1,50 raise of BTC to 2 or lowering the selling factor from 15% to 10% outputs really nice numbers to dream with :-)
Cheers

Just jumped back on the train (or train to come). Time to start the SSS plan. Here's what I am doing, please scrutinize it so I have all the information needed to make an informed decision.

5 BTC > 4 in cold storage, 1 in hot for BTC trading (only selling at a premium with an immediate repurchase).

Additionally, I am printing out paper wallets (laminated) for each cash out value and will be investing a proportion of each cash out value into something else for diversification (real estate, commodities, etc.)

https://i.imgur.com/Z6VQ23v.png


Any suggestions?

The exchange situation will look very different a year from now, and unrecognizable within 3 years. Massive movements of value to and from BTC will likely be happening with some regularity (by traders and investors) similar to current forex markets and so I expect this will not be a problem. I hope.

Say at one point down the road one wishes to withdraw a sizable % of Bitcoin for fiat conversion to use in that realm.  What site/exchange would allow the largest bank transfer in one sitting?  Would a sizable transfer have to be made incrementally?

You can start raking only after your BTC investments reach a certain percentage of your portfolio. For example you can defer raking until Bitcoin reaches 50% of your portfolio.

 Fixed
Those capable will quickly modify the plan to suit their own needs.

Of course it is better to sell continuously. The reason why initially a doubling was chosen for selling point is that it is easier to grasp for people who are not proficient in math.

Yes, I'm actually choosing a more frequent draw with a proportionally smaller rake. Also thought I'd bump this thread for folks thinking about planning for the year ahead.

Can someone explain to me why the plan is only to sell at every doubling?  Why not continuously (or at whatever the smaller practical interval is)?  Of course, you would use a smaller rake that matches your interval. 

Seems like a continuous rake is better.  Otherwise you're basically betting that *if* bitcoin fails to reach your next rake, it fails just after your last rake.  If it fails just before your next rake, you'll miss your selling opportunity.  I don't think anyone wants to intentionally make those bets, since the first rake point is arbitrary.

Wow what an awesome tool! Thanks! I know this is only cosmetic but could you allow an option to change the currency symbol?

Thank you! Already bookmarked and going to have some fun with it later!

Nah, it was just bootstrap.js that did most of the skinning on the UI.

Thanks for the suggestions everyone, I'll look into adding those features.

Beautiful work. Thanks for sharing it.

If you are interested in adding an additional feature, I would suggest that the "doubling" and rake be more fully variable. For example I will likely be using a more continuous withdrawal plan such that I sell 1% of BTC at each 10% increase in ATH. I'd ideally like to play with these variables as well. I am able to do that on at least one of the other calculators posted in this thread.

Nice thanks for your work! I do miss the fields for "$$ if you bailed now" & "$$ if you had held all" from http://xzist.org/amazing-bitcoin-retirement-fund-calculator.

   

oooh, yours is prettier

nice

Works for me! I too would like to see a delayed gains option on your inspiring SSS calculator.

No, I had not seen that one!  That's what I get for skimming though page 4.  Nice work, I like playing with the delayed gains option.

Anyway, the one I was working on is done now too: http://bitcoinsavingsplan.com/

Comments/criticisms/error checking welcomed