Have any of you quit your jobs to live off BTC gains? Or are you keeping your job until you hit your make it number? I feel like I'm just wasting my years away waiting for my life to finally begin, but then again, I might be free in 5-10 years finally.

I quit last year at $200k

>>60611436
What's your plan going forward? I've got about that much

>>60611518
200k isn't enough to quit in America. Especially if it's in crypto.

>>60611336 (OP)
i havent worked since spring 2020
100% of my wealth is in crypto

>>60611584
I only need 3k/month to live off. I guess I'll just keep working and stack BTC every paycheck. Maybe next cycle I'll be set.
>>60611590
how did you manage that?

>>60611518
I just sell monthly to cover my expenses. If my portfolio gets dangerously low (below $160kish) I'll go back to working. But crypto increases so much every year that there's a decent chance that won't happen in my lifetime

>>60611584
Especially if it's in crypto? The fact that's it in crypto is the only thing that makes it viable. Nothing else has a rate of return high enough to retire on that amount

>>60611614
>But crypto increases so much every year that there's a decent chance that won't happen in my lifetime
If you've been living off crypto since 2020 you would know it doesn't go up every year. Larp.

>>60611614
Yeah, debating that or just continue to stack more btc. I guess I could just take time off to do more of what i want
>>60611625
yeah unless it's 200k during a bear market then it feels too risky. We could go down 80% next year for all we know. Down to 40k.

>>60611336 (OP)
I quit my job in 2020.

>>60611625
At no point did I say I've lived off crypto since 2020 or that it goes up every year. Learn to read. The average annual returns are high enough that you can weather the downturns if you have enough capital.

>>60611625
At no point did I say I've lived off crypto since 2020. Learn to read. The average annual returns are high enough that you can weather the downturns if you have enough capital.

>>60611745
What do you do with your free time? Do you ever get bored and miss working? If all of my strategies play out this year I think I could quit my job next year. I'm mostly just worried about being bored.

>>60611336 (OP)
Same situation, want to quit the rat race but I cannot retire with almost 400k liquid, especially if I wanna form a family.
Doom to wageslave forever.
Also I have a somewhat of a high earning job, so need to stick on the golden cage for now

>>60611336 (OP)
I lost my job and now instead of working I just try to find places to borrow money to go into debt to buy more bitcoin and I'm making like 100x what I used to make.

>>60611867
where do you find places to borrow? how much can you borrow? I dont have any other assets to leverage besides my 401k

>>60611797
I shitpost and play vidya. I never get bored of it. Tbh I quit because a faggot supervisor lied his ass about me and got me in trouble and I decided to wait and see if my portfolio would crash or keep pumping. 18 months later I still haven't lost any money, haven't downsized at all and even bought a new HVAC system yesterday during the pump lol. If you're a pussy wait until you have $400-$500k, I couldn't imagine slaving away until $1-$2 mil like stockcels, FIREcels, redditors etc do

>>60611884
First I used Ledn to use my Bitcoin as collateral to buy more Bitcoin (I think Binance has better interest rates but I live in Canada where Binance is illegal).
Then I maxed out my line of credit that I had when I had my job that they haven't taken away yet and most of my credit card.
Then I tried opening more line of credit at other banks and was denied.
Now I'm looking for those places where drug addicts and poor people go to borrow money at ridiculous interest rates.

>>60611891
Do you plan to sell your stack this year? or are you just going to live pretty frugally and take loans out if we hit a bear market for a couple years? I just feel i can't quit now since it's near the top and I'd be fucked sometime next year
>>60611904
how much did you get from ledn? Did you just buy btc off your line of credit? what kind of interest do you have to pay back every month?

>>60611984
The interest is 10% for the line of credit and 13% for Ledn, that means Bitcoin has to go up more than 13% for it to be worth it (which is really was)
Now I'm looking at money mart loan which is %30.

>>60611984
If you live in USA you can get a 2x easy.
I live in Canada so I'm only allowed 50% LTV

>>60611984
I have no plans to sell, with my luck there would be a giga pump the moment I did. I can sell my house or get a home equity loan if things shit the bed. Plus there's nothing stopping mecfrom going back to work, so why not enjoy my youth as a NEET. I was being severely mistreated at work, waking up every day battling the alarm clock feeling like I just got hit by a truck, health deteriorating. It simply wasn't worth it. If you have a comfy job maybe it doesn't matter as much.

I would but then I'd have to sell

>>60611984
and for my credit card it's like 22% but Bitcoin smashed through that too.
It's amazing.

I'm 30 with about 70k. I'm waiting till I have enough to semi retire. Don't have a make it number but I think by 40 I'll be able to do that comfortably. Having too much free time drives me crazy after a while.

>>60611904
What a fucking boss

>>60611336 (OP)
4 million after tax. If you don't have this much, then you're just coping.

>>60611336 (OP)
everyone wants to quit their job and just do nothing all day with tons of money

most of us will not have this happen simply because everyone wants it

be realistic

>>60611336 (OP)
No one is ever going to transfer enough crypto coin into real currency to ever retire on. Market exchanges aren't built to handle that kind of activity. Anyone who says they're living purely off crypto is outright lying or in a more precarious position than they realize.

>>60611336 (OP)
I'm not selling for 50+ years. Anyone else using this strategy?

>>60612247
Thank you sir

>>60611436
>$350k
>still forcing myself to work everyday
>depressed
I thought I needed 1 mil. maybe I am done

My portfolio is around 12x my after tax income.

I'd like it to be more like 15-20x before quitting.

>>60611336 (OP)
No, my work is rewarding

>>60611336 (OP)
>BTC gains
yeah... hahahaha about that haha

I quit in 2022 with low six figs and now I'm up to almost 7 figs. I traveled Europe and now I'm comfy in an apartment writing novels. It's great. My mental illness has worsened and I wouldn't be able to hold down a job again anyway.

>>60611336 (OP)
I quit during the COOF madness and haven't contributed since. Been traveling SE Asia for about a year now.
Maybe I'll travel another year then retire somewhere (not paying taxes anymore)
Sorry, but COOF was the deal breaker.
Not playing anymore

>>60611797
You won't get bored. Thats a life problem. You'll turn to the occult after you learn the other stuff. Trust me on the latter.

>>60612543
Free yourself

>>60611336 (OP)
I was forced to retire because of medical problems in July 2017. At the time I had $100K, mostly as cash with maybe $25K BTC. I wasn't too horribly worried because both of my parents were fucking ancient and I was set to inherit over a million dollars each from them at any moment.

Fast forward, my father managed to wipe out everything he'd ever made -- turns out he had put it all in a trust fund for me, gave control of the trust to a scam artist, then sued to regain control of the trust only to give control to a different conman. So, I got nothing when he died.

And my mother is still chugging along, being a raving bitch, and threatening to cut me out of her will now if I don't do exactly as she demands every single waking moment.

Luckily I have over $1,000,000 in Bitcoin now, and it looks very much like I'll have over $2,000,000 by the end of the year. Yesterday, 450 BTC were mined, and the ETFs bought 10,000 BTC for their investors. If that happened every day Bitcoin would go to $2M/BTC, but unfortunately on average the ETFs only buy about 2000 BTC per day, so I expect that we'll probably only hit $250K or so before things stabilize until the next halving.

Another good thing about this cycle is that it's been gradual enough, and most of the accumulation is going through the ETFs with regulated custodians, that I don't think we'll see another parabolic blowoff and massive crash. There's no MtGox, no FTX, no huge amount of shitcoin fraud, to kill the market and destroy confidence for years to come. The best FUD anyone's come up with is that all the corporations doing "Bitcoin treasuries" might fuck up, as if the people running those companies didn't do any due diligence on security to ensure that they don't end up in prison like WorldCon CEO Bernie Ebbers.

>>60611584
Yes, it's fucking terrifying. But:
>>60611764
>The average annual returns are high enough that you can weather the downturns if you have enough capital.
this has worked out for me very well.

I had enough cash savings that I was able to keep all my BTC until 2021, by which point the Saylor/PayPal bumps had kicked BTC up into the $50+K range. My average sell price in 2021 was $48K, and in 2022 I sold a chunk at $40K because I was afraid of another big decline -- and I absolutely nailed the timing because that's when Russia invaded Ukraine and the price dropped below $30K pretty damn soon.

Right now I could sell 1BTC and have enough to live on comfortably for three years, by which time we'll hit another halvening. I plan on keeping my sales below the zero-tax threshold ($47K or thereabouts) unless it looks like we're heading into another crash for some reason.