Well, I was going to retire on my holdings and I still could easily enough, but, that would mean I wouldn't be DCA anymore. If this is a bear market, I don't want to miss the opportunity to stack more sats. I'm still young enough so why not.
Hm. One problem with waiting is that each day of your life is another day gone forever that no amount of $$$ or BTC can ever bring back.
Another is that once you decide to do it there's a fair bit of prep work you need to do before launching into retirement or whatnot. Tax thoughts, personal thoughts, what you might want to do thoughts.
Might be good to just cash out enough for a few months, quit, and see how you like it. Worst case you get a better job. :-)
Another part of the question would be if Somac has actually made it to such a level, and how much of a cushion does he have.. will he still sufficiently be at that status, even if BTC prices were in the $20ks for a decent amount of time.
Surely, if he believes that it is even in the realm of possibilities to stay sub $20k for any period of time, that should be taken into account too.
If he feels that he has reached fuck you status at $20k, and is inclined to pull the fuck you lever, but he considers that there is a 5% or greater chance that BTC prices might go below $20k - but would not last for more than a year at most, then a year's worth of cashflow could be kept separate to prepare for such an outlier.....
Of course, in this example that I am attempting to outline, there would need to be a lot of confidence that below $20k would not be sustainable for more than a year (like almost a kind of absolutism confidence - which would be difficult to achieve without really knowing the future), and yeah, none of this is easy because if reality were to end up playing way worse than expected, we realize that our calculation of downside probabilities was too rosey... so then, maybe the threshold in order to retire now would be to have had achieved fuck you status at $10k.. and have the kind of confidence that
serveria has stated to have regarding the $9k price threshold not being reached....
It seems to me that there are some BTC price points that we can place a high level of confidence (surely not non-zero, but still) that they will never be reached again.. and some people would be willing to do that with $20k, and some might be o.k. with that being $10k, and others might consider lower numbers... and for sure, there is some truth that even if we are accounting for outrageous scenarios that go below our numbers, we should not be planning the core of our life around such outrageous and hardly any chance Armageddon scenarios.. (even if we do not completely ignore such.. we still act in the more probable scenarios arena... while having some preparations in the outrageous hardly likely scenarios).
