Wow! Guys!
I've just calculated that I can now use my BTC to cover my living expenses for the next 127.2 years!
Should I quit my job?
This is tough shit.
Well if you have that much you are faced with the issue of selling some of it.
maybe 10%.
I wish I had as much as you do.
Today I sold a chunk.
The reason that you do not have anything close to as much to be able to come up with a 127.2 year figure, like AlcoHoDL is because you are (have been) selling way more than you need to and not buying enough.
But whatever. You do you, and we can ONLY go (act) from considering our current situation rather than what we should have done historically, and maybe at the same time, we attempt to learn from our historical mistakes (of selling too much too soon - and not buying enough - in your case, Philip).
But I am still mining and the sale today covers my mining bills until 2022 along with allowing me my new sheds:
I will be getting 2x 8 by 14 foot models.
8800 and 2200 for prep of the landing pads.
11k in total for the sheds. It will empty the house of all the mining parts.
Surely, if things are needed (or helpful) then nice to be able to spend value in that way.
Should I quit my job?
Oh man, should we get into a 2015-like crypto winter you may want to reconsider that job, lol.
What I'd do is keep a stash of cash for at least 12-24mo of expenses on the side just in case BTC somehow screws up for a while and YOLO.
I do agree with the idea of planning your cashflow ahead, and the more complicated the cashflow, the longer the plan ahead period should be, and perhaps the more varieties of funds to draw from, yet I doubt that having 12-24 months of cash on hand would be necessary and/or prudent use of cash.
The essence of the matter remains that each of us are likely to have a variety of sources of value that we could draw upon, and if we were to ONLY have bitcoin and cash then maybe in those kinds of limited circumstances, we would have longer periods of cash with assumptions built in that a large portion of cash flow could dry up.. but sure, even if we estimate our cashflows conservatively, in some of the worse scenarios, we might have 50% to 70% dry up, and I suppose that individuals would need to consider if 100% of their cashflow could dry up.. let's say in a circumstance of incapacitation or something like that. rather than merely a need to have to look for other work, in the event that income comes from work.... so in a scenario that bitcoin becomes the source of income, then there surely could be a back up plan to earn money from work in the event that there were a shortfall, but to many of us, that might have been an indication that the plan failed because pulling the fuck you lever was meant to not require work for financial reasons but instead for pure and complete voluntary reasons.. kind of the meaning of having had achieved "fuck you" status.