Damn it, RL and work keeps me so busy lately that I'm itching to pull the trigger on early retirement. Not yet, not yet, let it grow some more.
I see that every time there's a dip, it's swiftly followed by an equal and opposite reaction that's able to keep us close to 30k. I get a very positive feeling that something good (and long, and green) will come our way soon.
Back to lurking mode... Keep HoDLing WOers. 2025 will be a fine year.
Yep..
Nervousness about being able to calculate value of your cornz.. .
Understandable...
understandable..
Many of us were quite shaken by the BTC price going below the 200-week moving average for such a long period of time (9-months-ish) while at the same time, even with current prices, we are ONLY a wee bit above the 200-week moving average.. even though the 200-week moving average continues to inch UPpity.. little by little but still moving north.
So then the question may continue about both how much is enough, and are we again subjected to possible dips below the 200-week moving average and will our own evaluations (of our own circumstances) be able to handle such dips below, if they were to occur in the short term.. but if they might happen in the longer term (such as 2 years or more down the road, then at that point presumptively the 200-week moving average would have had moved up to high enough points that it may well not matter so much if the then current (spot) price might end up moving below it, eve if we might have similar kinds of results as we did in this last DOWNity period (which had gotten as low as 35% below the 200-week moving average.. fuck.... )
I suppose in the end, no one can really answer for you, in terms of how much of a cushion that you may well feel to be enough to pull that fuck you lever, and surely no one should feel that they have to unpull such lever once they pull it, even if they still might choose to perform various kinds of income producing work that would mostly be (in theory) voluntary types of contracts.
Damn it, RL and work keeps me so busy lately that I'm itching to pull the trigger on early retirement. Not yet, not yet, let it grow some more.
I see that every time there's a dip, it's swiftly followed by an equal and opposite reaction that's able to keep us close to 30k. I get a very positive feeling that something good (and long, and green) will come our way soon.
Back to lurking mode... Keep HoDLing WOers. 2025 will be a fine year.
I feel ya man!... Start planning your exit strategy, like i am doing now, as much as it would "feel good" to wake up one morning and say "fuck it! I am done!"
You'll be better off if you dot the i's and cross the t's and make a planned exit!
For example, I plan on doing alot of woodworking, so i'm purchasing new Festool Compound Mitre Saws and Table Saws, and other nice toys through the business and that is fully tax deductible. The old Milwaukee Compound Mitre Saw i'd once owned, has been shipped out to make way. I've stocked up on Sanding Pads and other non-perishable consumables.
Just small things like this you need to start thinking about.
Would like you know from anyone who has called it a day, is there anything you wish you had done before hanging up the boots? that would have helped?
I don't necessarily consider my route to have had been completely voluntary, and certain directions sometimes can end up having some forcing elements to them - but for me, I feel a lot of matters worked out quite well, but there were various choices along the way that do not really seem to have had been completely voluntary.. and then some aspects of the direction have both luck and preparation that end up contributing towards decisions in which threshold matters can be decided regarding whether enough is enough.. and how much of this job versus another kind of job or another kind of job is necessary in terms of bringing in income or even making certain kinds of financial and psychological preparations.
I remember in about mid-to-late 2013 disclosing to one of my then work colleagues that when I reassess my financials with lesser income, there are ways to project out the income that I expected to have under one path versus another path and the outcome of those two paths do not really seem to show very much financial differences between working in job x that has higher income or working in job y that has lesser income, but way more freedoms... and for me, I likely would not have had time to spend so much looking into bitcoin were it not for me having had chosen to go into job y rather than staying in job x...... .. and largely my nestegg in job x had mostly had been established (even though another few more years seemed as if it would have had been preferable - since there were perks, and status, and even seeming opportunities and connections - but in the end, circumstances were not going to make such an option of sticking with job x to be worth it for my whole situation.. in regards to what I was willing, ready or able to do)..... and so there was a certain level of tearing and even seeming less prestige and benefits with job y.. even with way more freedoms..
In the end, going down the bitcoin road that may have also come about by giving up on job x (and spending more time on bitcoin-focused kinds of time-allocations) did end up causing both financial and psychological circumstances that way surpassed in surplus value compared to what I had projected my path to have had been nearly 10 years ago when these kinds of weighing of options of staying in job x or some variation of job x were being deliberated by yours truly.
Maybe I am suggesting that there can be some ways in which all of the "i"s do not necessarily need to be dotted, and not all of the "t"s need to be crossed in order to still end up being in a position in which you could still be ready to cross into a new kind of era in which there are fewer traditional "work-related" obligations.. and a path can be gone down in which fewer and fewer "work-related" obligations are filling up your days.... and so I had quite a few "work-related" obligations that I severed in 2013.. but also even more "work-related" obligations that I severed in 2018/2019... and sure, I still do have some things that I do that I label as work-related obligations, even though some people in my life have tried to suggest that I don't have to do them... but I still do dedicate some time to certain kinds of activities that I consider to be "work-related" obligations.. even though they are way more self-directed than many of the obligations that I severed in 2013 and in 2018/2019.
