Bitcoin & Crypto & NFT News
[First let me say that this is throw away account and so Nigerian princes or others scammers be not bothered.]
I’m retired since December 2017 and living of my bitcoins. I moved from a European country to Philippines early 2018. I live in 4 bedrooms house with my lovely wife and 2 children aged 1 and 2. We have a house 20 minutes from a medium sized city. We also have a fulltime nanny/housekeeper living with us and helping with the children and the house.
Seven years ago, I was in my mid-30s. Working in a call center and hated it every day. I did not have any luck with the ladies and the salary was just minimum waged. My biggest fun was 4 weeks’ vacation in other countries at the summer and spending what I saved the other 48 weeks of the year. Doing that for many years and realizing that I was getting lightyears behind others in my age group, no family, no career, no savings, no real plans for the future. Everyday life felt depressing as at least…
Around 2015 I did read hours and hours about Bitcoin and did get my self drunk by hopium what Bitcoin could be. I decided to start buying it. From every salary I bought what I could. I skipped the 4 weeks’ vacation overseas for 2 summers and just kept buying. In 2017 the price for one Bitcoin reached over $1000 again and I stopped buying it because I feared it would crash. Instead it kept rising to new ATHs.
On the late 2017 I had enough of my shitty job and I resigned without having a new workplace. I decided to get several bitcoin debit cards and start selling as soon 10k would be reached and then I would have a long vacation. I managed to sell about 80% of my Bitcoins while the price was over 10.000 and got around 200K+.
200.000 USD does not sound like something you can retire but as we know there is halving happening every 4 years. My expenses are about $30.000/year here and that is with a very good living. I do not own my house, instead I’m renting it as the Bitcoin value goes up faster than the value of houses.
When the price did hit 50k early this year I sold half of my remaining coins and I have savings now for wait out 2 halving’s before I need to sell again. For me its enough if the price just triples after every fourth year to never run out of money. Everything above it is just a bonus.
Sure, I could be still working and saving to one day live in a mansion in Manhattan and have Lambos but why bother? I am in my early 40s and I have the opportunity to be free and spend time with my children while they crow up.
Short Version: It took about 18 months of investing and 1 year waiting to retire.
I know that there are more Bitcoin retires/expats here, would be interesting to hear others stories of your path or of persons you know who are retired thanks to Bitcoin.