# “Bitcoin Retirement”

hi welcome to crypto ramble I’m Desi-Rae

apparently there is a Bitcoin retirement

calculator I haven’t actually seen it

yet but I heard of it I’m going to look

at it now and maybe you haven’t heard of

it and you can use it in order to

calculate I guess how long it should

take for when you should start getting

out of crypto I guess at different

points you can do it based on time or

you can do it based on dollar amounts so

like every month you would take out a

certain amount of your holdings or when

the price reaches certain specified

amounts you will take money out so and I

know that those are ways of planning

when to take out from your investments

but then keep the rest of it going for

the future so before I look at it I just

want to say that this brings up the

whole store of value thing and whether

or not crypto should actually be used

just as a transactional currency or as a

way for people to invest in the future

it was really just meant to be used as

money but there are economics behind it

that make the price go up as more as a

network grows and also that’s part of

the proof of work and proof of State

depends and other consensus mechanisms

those are things that they keep in mind

how to keep people interested in

securing the network and also holding

their funds in there to keep a chain

going over time so I don’t know if

that’s just a question that I have I did

an interview recently someone and they

were saying that the store of value is

important for crypto currency but that’s

not really what crypto is really

supposed to be out be about it’s about

whether or not it’s a currency and

you’re hoping that there isn’t a lot of

inflation so that your money isn’t

devalued but not necessarily that your

money will grow over time so a lot of

people now are looking at something like

a retirement calculator because they’re

hoping that their money will go overtime

but that’s not what crypto initially was

about so I’m not saying that’s wrong or

anything

I’m interested in that as well however

it’s just something to think about so

let me go find this big current

retirement calculator so actually there

are many versions of it but the one

specific one that I’m talking about is

called the Bitcoin savings plan it’s at

this link Jail op Jael OPP github the IO

slash Bitcoin that savings – plan

another forward slash so it looks like

this it’s called a Bitcoin savings plan

or how I learned to stop worrying and

love the volatility or when should I

sell my bitcoins and he says inspired by

rupiah Tevas SSS a sane and simple

Bitcoin savings plan on Bitcoin talked

originally coded by D nine zero zero

zero I want to give credit

I don’t know who jail op is I feel like

there’s someone on Twitter name Jayla

and you can put in your initial

investment I’m gonna put my numbers in

but I won’t tell you what it is so with

the initial investment amount and the

initial exchange rate or not that gives

you the dollar amount of how many BTC

you have in your specified currency

technically you can use this savings

plan for any currency or any coin even

though it says BTC because you just put

the how much one coin costs so for an

out coin that’s like six dollars you

just put six instead of the price of BTC

and the rake amount is the percentage of

your investment that you would take away

every time you sell some and the number

of cycles is just how long you want this

savings plan how many times you want the

selling event to happen and then the

cycle multiplier is at what point has

your investment amount grown which you’d

sell the reek percentage so if you put

your cycle multiplier as 1.05 for

example on your recomment at five

percent then you would sell five percent

which is a rech amount when it’s your

initial investment has grown to one

hundred and five percent so you could

also have a cycle multiplier as twenty

point to zero and then you would sell 5%

the reek amount at 120 percent when your

investment has grown by 120 percent and

so if you think about this in the future

as a long-term thing then even though

you’re taking a like five percent you’re

raking five percent every time it grows

120 percent that means that you’re

taking a larger amount with a bigger

investment let me use actual numbers

okay I have to actually calculate this

you would have 95 percent of 120 left

that’s one hundred and fourteen dollars

and so with that 114 grows by 20% so you

have 120 percent of 114 is 136 dollars

that you take five percent away from

that which would be times point nine

five one hundred and twenty nine dollars

and then one hundred and twenty nine

dollars would grow 20 percent and that

would continue so you could technically

do this indefinitely if you set your

reek amount low enough and your cycle

multiplier I guess high enough and you

can see it this is not time-based it’s

price based so you could decide how

often how many cycles you want to go

through let me try and put those numbers

in so say I had 50 BTC and I came in at

ten thousand for one BTC and my reek is

five percent of my cycle multiplier is

1.2 then if we’re looking at the numbers

you’re not down five times ten which

would be 50 percent BTC over time but

you’re down one hundred minus 76 24

percent over time even though the rate

percentage is the same over time you’re

taking away less because the principal

investment amount is growing larger to a

certain percent

20% every selling event the cycle

multiplier is a price increase needed

for each selling events to occur it was

kind of hard to explain I’m trying to

sort of explain this I don’t have that

made sense but this is something that

you can use and I was just thinking that

for any proof of state coin for example

say particle this savings fan does not

factor in staking so actually it might

not work for every single currency but

if you set your rate percentage lower

than the sticking percentage over time

then that would be really good for a

proof of state coin so I’m not a finance

person but and this is not investment

advice I hope so but I’m just saying

that this is not investment advice it’s

not it’s just a savings 10 retirement

thing that I found online and that you

can use if you want and there are many

of them out there and I hope what I said

made sense and keep in mind what I said

earlier about is it a store of value or

is it about better money decentralized

money I personally have my own plan and

I’m don’t think I’m gonna use this

because I like my plan better but this

might be useful to you and there are

tons of other ones out there I didn’t

know this so I guess maybe you’ve seen

all this before but I’ve never seen a

Bitcoin retirement calculator I’ve seen

other you know like compound interest

sort of stuff but not this and that

might be useful to you and yeah people

are using Bitcoin as a store of value

and that’s just a side effect of the

blockchain and how it works in terms of

the incentives and price going up over

time and that’s great but I hope that

people also focus on scaling and

adoption because those things are really

important and those are the things that

I mentioned in why I what do I wish for

2019 and that’s probably what I would

wish for every single year is scaling

and adoption because that’s what made

things hitch in the past

all right so take a look at this Bitcoin

savings plan maybe you never heard of it

before thanks for watching my content if

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Is it calculating the "cycles" as 4 year halving cycles or one year calendar cycles? How is it estimating the rate of price appreciation?

Thanks for watching! I'm in school right now so my videos are slow. Should pick up again in a little over a month!

Jamison Lopp is JLopp, involved with Casa nodes and is involved heavily in the Bitcoin space.