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!