Thread: The Bitcoin Retirement Plan
02-14-2021, 09:31 AM
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- jasticus
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The Bitcoin Retirement Plan
Ok boyos I know this will get hate because of my endless “shilling” of btc. I just want to help any boyos that listen to me or anyone on the fence.
This is my legit retirement plan now.
So what is the plan? You need to own at least 1 bitcoin. 1 whole coin is the minimum. You can honestly do this with only 2-3 and still live a great life.
As btc hits 200k-1m this fall and crashes to a new base line. It will probably end up 200-500k for a few years until the next halving (2024)
In 5 years when we have the next run the price should be 7 figures by then. Let’s say for this example it ends up @1m
So what’s the plan? The plan is to deposit these coins (once everything is fully regulated and there’s no chance of losing your money due to bank rupt because of insurance that you will have. All these institutions are using custodians so it’s going to end up safe long term)
So using block fi, Gemini, Celsius, nexus and any others that pop in the future offer you interest on your btc. They pay you in btc and it’s compound interest.
Block fi pays 6% for the first 2.5 and 3% for the rest. Gemini pays you 3% Celsius pays 6.2% on your btc. Nexo pays you 8%.
I like to think constructively so 3-6% is probably long term but you never know.
Now when btc is 1m and you own 3 of them. You’d get 120k a year on the first 2 and 30k on the last one. That’s 150k a year of passive income.
Now think ahead to the halvening in 2028. It will most likely bring the price to multi million. Let’s say it’s 3m a coin by then. That would be 360k for the first 2 and 90k for the second for a total of 450k a year of passive income.
It doesn’t stop there. The math shows long term btc will hit 10m a coin + eventually. So when it’s 10m that’s 1.2m for the first 2 coins and 300k for the second which is a total of 1.5m. Worst case cut all the numbers in half.
What if you wanted to buy a house? Those platforms above and I bet soon banks wil offer this service but those companies allow you to use your bitcoin as collateral to pull Liquid out. Obviously there’s interest but who cares. So imagine when btc is 1m. You pull a 50% ltv on your coins. You’ll pull out 500k use that tax free money to buy a home cash. Use the interest from your btc to pay the loan off. You can keep repeating this for ever
I know most miscers will laugh at this and neg me. But the ones who truly are open minded and figured out where btc is going will realize this is the ultimate plan.
Let’s all get rich together
https://nexo.io/earn-crypto
https://blockfi.com/
https://nexo.io/
https://www.gemini.com/earn
Tl;dr when btc goes to millions you can earn 3-8% interest on it and live off the interest for ever
This is my legit retirement plan now.
So what is the plan? You need to own at least 1 bitcoin. 1 whole coin is the minimum. You can honestly do this with only 2-3 and still live a great life.
As btc hits 200k-1m this fall and crashes to a new base line. It will probably end up 200-500k for a few years until the next halving (2024)
In 5 years when we have the next run the price should be 7 figures by then. Let’s say for this example it ends up @1m
So what’s the plan? The plan is to deposit these coins (once everything is fully regulated and there’s no chance of losing your money due to bank rupt because of insurance that you will have. All these institutions are using custodians so it’s going to end up safe long term)
So using block fi, Gemini, Celsius, nexus and any others that pop in the future offer you interest on your btc. They pay you in btc and it’s compound interest.
Block fi pays 6% for the first 2.5 and 3% for the rest. Gemini pays you 3% Celsius pays 6.2% on your btc. Nexo pays you 8%.
I like to think constructively so 3-6% is probably long term but you never know.
Now when btc is 1m and you own 3 of them. You’d get 120k a year on the first 2 and 30k on the last one. That’s 150k a year of passive income.
Now think ahead to the halvening in 2028. It will most likely bring the price to multi million. Let’s say it’s 3m a coin by then. That would be 360k for the first 2 and 90k for the second for a total of 450k a year of passive income.
It doesn’t stop there. The math shows long term btc will hit 10m a coin + eventually. So when it’s 10m that’s 1.2m for the first 2 coins and 300k for the second which is a total of 1.5m. Worst case cut all the numbers in half.
What if you wanted to buy a house? Those platforms above and I bet soon banks wil offer this service but those companies allow you to use your bitcoin as collateral to pull Liquid out. Obviously there’s interest but who cares. So imagine when btc is 1m. You pull a 50% ltv on your coins. You’ll pull out 500k use that tax free money to buy a home cash. Use the interest from your btc to pay the loan off. You can keep repeating this for ever
I know most miscers will laugh at this and neg me. But the ones who truly are open minded and figured out where btc is going will realize this is the ultimate plan.
Let’s all get rich together
https://nexo.io/earn-crypto
https://blockfi.com/
https://nexo.io/
https://www.gemini.com/earn
Tl;dr when btc goes to millions you can earn 3-8% interest on it and live off the interest for ever
02-14-2021, 09:44 AM
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#2
02-14-2021, 09:46 AM
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#3
02-14-2021, 09:46 AM
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- jasticus
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Originally Posted By Fozzy13⏩
Lol ******* there’s nothing retarded about this. Some whales on Twitter are making over 700k a year on interest right nowcame in expecting this level of retardation from a red 2021 member. Sad!
02-14-2021, 09:49 AM
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Originally Posted By jasticus⏩
yea..whales who bought btc when it was super cheap and have hundreds of it.Lol ******* there’s nothing retarded about this. Some whales on Twitter are making over 700k a year on interest right now
You came in here posting about btc reaching 200k to 1 million in the next few months and being srs about you fuking sped.
n4l
Rayaarito
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r32gojirra
02-14-2021, 09:50 AM
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#6
- Winston56432
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I was interested in gemni becuase of the winkrlvos twins
02-14-2021, 09:50 AM
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#7
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Originally Posted By Fozzy13⏩
This is why both guys above will stay poor. Btc is going to millions. It’s fkn 500k a coin just at golds market cap. End of the year it will be over 200k oryea..whales who bought btc when it was super cheap and have hundreds of it.
You cam in here posting about btc reaching 200k to 1 million and being srs about you ****ing sped.
You cam in here posting about btc reaching 200k to 1 million and being srs about you ****ing sped.
Perma ban me
02-14-2021, 09:50 AM
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02-14-2021, 09:51 AM
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Originally Posted By SuperHercules⏩
You don’t need 20 low iq *******. Once the price appreciates to the right level it works.Didn't read but unless you bought at least 20 coins when it was worth nothing, your investment is poverty
There are thousands of better performing investments. LMAO at poor plebs who think a few hundred in chitcoin will make them Elon Musk
Negged btw
There are thousands of better performing investments. LMAO at poor plebs who think a few hundred in chitcoin will make them Elon Musk
Negged btw
02-14-2021, 09:52 AM
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02-14-2021, 09:52 AM
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Originally Posted By jasticus⏩
Show proof then *******. Take out a mortgage, giant loan, whatever and go all in on BTC since you know so much.This is why both guys above will stay poor. Btc is going to millions. It’s fkn 500k a coin just at golds market cap. End of the year it will be over 200k or
Perma ban me
Perma ban me
n4l
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r32gojirra
02-14-2021, 09:55 AM
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#12
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Originally Posted By amelielens⏩
More like 50xlol @ projecting a 20x gain in 5 years LMAO.
Every halvening the price goes parabolic the year after towards the end. Up to 100x then crashes to a new baseline. This fall is when the price will go 10-100x
02-14-2021, 09:56 AM
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#13
- DoYouEvenNEM
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The average education here is like grade 3 OPie. Who can read this chit? TLDR it.
BTW nobody needs to be rich to survive in old age. Biggest phucking myth. At minimum just own a house 100% is often enough.
BTW nobody needs to be rich to survive in old age. Biggest phucking myth. At minimum just own a house 100% is often enough.
02-14-2021, 09:56 AM
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Originally Posted By SuperHercules⏩
Have fun staying poorWe're fine because we're not desperately poor losers with no ability to make any money, who threw all of our hopes and dreams into chitcoin reaching 1 million
The rope is one chitcoin crash away for you at all times though poverty *******
The rope is one chitcoin crash away for you at all times though poverty *******
you’ll wish you listened
02-14-2021, 09:58 AM
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Originally Posted By DoYouEvenNEM⏩
Added a tldr it’s super simple lots or haters will hate But this is the reality we are heading and don’t forget 99.999% of the world will never ever own a whole coinThe average education here is like grade 3 OPie. Who can read this chit? TLDR it.
BTW nobody needs to be rich to survive in old age. Biggest phucking myth. At minimum just own a house 100% is often enough.
BTW nobody needs to be rich to survive in old age. Biggest phucking myth. At minimum just own a house 100% is often enough.
02-14-2021, 09:59 AM
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Originally Posted By amelielens⏩
Who says I’m notYes until it doesnt.
If you are projecting 20x-50x
why not sell everything, remortgage your house, take your parents 401k and put it into bitcoin? do that then come back and make the thread fgt.
If you are projecting 20x-50x
why not sell everything, remortgage your house, take your parents 401k and put it into bitcoin? do that then come back and make the thread fgt.
02-14-2021, 10:07 AM
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Originally Posted By amelielens⏩
First rule is to never say your stack. But I’m never dumping ever. Holding for life. It’s generational wealth. I’m 100% in trust me and all my income this year will go into itpost proof then. if youre right a 100k loan turns into 50 mil in 10 years. so why not go all in unless youre frauding and just lookingg to dump your coin on
02-14-2021, 10:11 AM
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Originally Posted By jasticus⏩
Reminds me of the Philippines. You pretty much can't buy rural land there because land barons refuse to sell it. And if they do sell it then they're asking for like $200,000 for a tiny lot that isn't even 1% of their land owning. Filipinos are playing the generational wealth game as much as they can.First rule is to never say your stack. But I’m never dumping ever. Holding for life. It’s generational wealth. I’m 100% in trust me and all my income this year will go into it
It might be a valid strategy in Crypto. So long as quantum computing can't bruteforce private keys. But I think before that happens every chain would probably fork to a more secured method.
02-14-2021, 10:12 AM
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Originally Posted By DoYouEvenNEM⏩
Yep that’s why you can view btc as limited land. Only 21 m coins (acres) if you own your share you’ll be super rich in the future specially When billions want to own (move there) in the futureReminds me of the Philippines. You pretty much can't buy rural land there because land barons refuse to sell it. And if they do sell it then they're asking for like $200,000 for a tiny lot that isn't even 1% of their land owning. Filipinos are playing the generational wealth game as much as they can.
It might be a valid strategy in Crypto. So long as quantum computing can't bruteforce private keys. But I think before that happens every chain would probably fork to a more secured method.
It might be a valid strategy in Crypto. So long as quantum computing can't bruteforce private keys. But I think before that happens every chain would probably fork to a more secured method.
02-14-2021, 10:13 AM
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Originally Posted By SuperHercules⏩
lol keep repeating non sense. This isn’t true in the slightest just lol at your tiny brainlol if you're too stupid to know any other ways to make money besides bitcoin
BTW unless you have at least 20 coins and got in years ago, your investment is poverty
BTW unless you have at least 20 coins and got in years ago, your investment is poverty
02-14-2021, 10:15 AM
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#21
02-14-2021, 10:18 AM
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02-14-2021, 10:19 AM
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Originally Posted By amelielens⏩
man you gotta go back to basics. Anyone can make a coin. That’s great. Who’s going to buy it? What is the net work effect? Bitcoin has the biggest net work effect/ users you cant replicate it. And there’s only 21 million bitcoin never more. It’s the scarcest asset in the world. You can compare it to land. Clearly you lack the knowledge which I get but you need to do your own research.LOL @ comparing bitcoin to land. The earth aint making more land. while thousands of new coins are being introduced over the years.
Heres a legit question for you.
What happens when JPMorgan introduces their coin and they have their 9 figure white shoe law firms lobby paid off congressman to legislate bitcoin into nothingness?
Heres a legit question for you.
What happens when JPMorgan introduces their coin and they have their 9 figure white shoe law firms lobby paid off congressman to legislate bitcoin into nothingness?
And last point you can’t regulate btc like you think. It’s not going to happen jusy lol
02-14-2021, 10:22 AM
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Originally Posted By amelielens⏩
There is a finite number of bitcoin though.LOL @ comparing bitcoin to land. The earth aint making more land. while thousands of new coins are being introduced over the years.
Heres a legit question for you.
What happens when JPMorgan introduces their coin and they have their 9 figure white shoe law firms lobby paid off congressman to legislate bitcoin into nothingness?
Heres a legit question for you.
What happens when JPMorgan introduces their coin and they have their 9 figure white shoe law firms lobby paid off congressman to legislate bitcoin into nothingness?
02-14-2021, 10:24 AM
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#25
02-14-2021, 10:25 AM
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Not going to speculate on price action here, but I recently got onto Celsius and the future does look very interesting for Crypto. It is amazing to me that you can take out loans with Crypto as collateral. Right now they only offer a max of a 3 year loan but that will probably change as the space evolves and the rates that they offer on these loans are impressive. Like around 1%. This coupled with the compound interest these platforms are able to currently offer is pretty amazing. I'm sure both of these will get worse for the consumers in the future meaning higher loan interest rates and lower compound interest on your crypto holdings, but crypto as collateral is here to stay and like you stated if they can offer 3%+ compound interest long term it will be life changing for some.
What are you on about mate?
02-14-2021, 10:26 AM
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Originally Posted By amelielens⏩
I added it forgot to respond. You can’t regulate it. They won’t shut it down. To many countries are gaining hash power in the hash war. If the usa stops it they are blocking the next frontier and we will fall behind. Plus Biden’s financial guy in charge of the finance system was a professor that gave lectures on block chain and bitcoin. Huge btc giy. Cathy lumis is now regulating banking sector she owns bitcoin huge btc. There’s tons of politicians now who’s in btc. Plus big tech wants btc to survive. It’s not going anywhere. Just fud you are speaking. Just a suggestion you should research btc before speaking nonsense I can tell you only know bits and piecesyou ignored my question.
What happens when the big banks get in the game and they lobby bitcoin into non-existence to introduce their own coin?
What happens when the big banks get in the game and they lobby bitcoin into non-existence to introduce their own coin?
02-14-2021, 10:29 AM
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Originally Posted By OrdoAbchao⏩
Finally some reason. You see this as a good plant don’t ya?Not going to speculate on price action here, but I recently got onto Celsius and the future does look very interesting for Crypto. It is amazing to me that you can take out loans with Crypto as collateral. Right now they only offer a max of a 3 year loan but that will probably change as the space evolves and the rates that they offer on these loans are impressive. Like around 1%. This coupled with the compound interest these platforms are able to currently offer is pretty amazing. I'm sure both of these will get worse for the consumers in the future meaning higher loan interest rates and lower compound interest on your crypto holdings, but crypto as collateral is here to stay and like you stated if they can offer 3%+ compound interest long term it will be life changing for some.
02-14-2021, 10:29 AM
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Originally Posted By Barteh⏩
Most likely 200-500k. I bet you didn’t think it would get to 50k. Can’t wait to come back to thread to lol at everyone who was so wrongLol'd at predicting 200k-1mil by this fall.
02-14-2021, 10:32 AM
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#30
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Originally Posted By amelielens⏩
I have the conviction based on my research. I am certain it’s going this direction. Read this. Idk if you’ve played RuneScape but it’s a good analogyThanks for an actual real response. You are right my knowledge is limited but I will look into it more. Believe it or not I hope you are right (srs)
https://ibb.co/w4PSX4K
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