FIRE

ernie-jo

OH MY GOD THERE’S A FIRE!! ..sale

carbonetc

Making wealth and retaining wealth are two distinct skill sets. I'd recommend reading retirement subs (the various FIRE ones) and books to pick up on those skills. They'll probably be anti-bitcoin and that's a good thing because you want input from outside the echo chamber. You already know what bitcoiners say about retaining wealth, and most of them haven't had wealth before. You don't really have enough to retire right now if you're In the US. Technically, you might, but to deal with health insurance and rent/mortgage and bills you'd have to dip into your stash occasionally, which you should avoid. Even if you borrow against your bitcoin the interest will make things uncomfortable. Revisit the idea in the next cycle. If we hit $500K or more, you're probably set.

mrlanke

OH MY GOD THERE’S A FIRE!… sale.

Business_Win8753

I want to say FIRE… but is it really at this point?

KarateKid84Fan

Forget FIRE… prescribe to BIFF (like in Back to the Future 2)… Bitcoin Independence, Financial Freedom..,

redhtbassplyr0311

Well I don't agree with half of the toxic crap that you hear over there on r/fire so I'm not surprised. I wouldn't seek advice from anyone over there. Many are just tone deaf ignoring wage stagnation, goods and housing prices but then want to say if you're not saving 70% of your income, you're weak or lazy in their eyes. You're shamed for buying a coffee on a rare occasion or taking a vacation too, sounding like a terrible way to live the whole front end of your life. People there sell this fantasy that if you eat rice and beans, never travel, and duct-tape your sneakers for a decade, you’ll magically “retire early” , when in reality, most people in FIRE either already had high incomes or they just end up blogging, podcasting or hustling about FIRE when they "retire" while not acknowledging the reality that they're still working. Just comes across as smug and disingenuous. Better off ignoring r/fire entirely for any realistic fanicial planning and keep stacking your Bitcoin of course

Over_Reputation_8801

Oh, those FIRE guys are horny as hell for that 4% rule. Also, they refuse to even acknowledge that Social Security exists.

OkDiver6272

That’s the truth. I just retired this week, in my upper 40’s with about $1M in investments. My goal is ~ 20% CAGR with half in BTC and half in tech/AI/bitcoin treasuries. The folks over at r/FIRE did not like that idea. Said I should plan on only 4% and hope for 8% returns. They just don’t get that this isn’t your grandpa’s stock market. The 60/40 portfolio is dead. BTC is my savings account. TSLA, NVDA, PLTR, HOOD, COIN, MSTR, etc are my investments. Excess gains from them will be rolled into BTC. That’s my FIRE plan.

zerolimits0

They are not against the system, they are optimizing it. BTC doesn't fit in the system yet ironically it would speed up FIRE. Quite the irony...

Pale_Drink4455

This particular FIRE guy is a strong believer of BTC. Long time holder as well as long on MSTR!

PopFirm5291

I'm telling you. I FIRE ALL my financial advisors because they don't know jackshIt about Bitcoin.

El_Caganer

It's kind of like the FIRE community, once you have been around for a little while and learned the basics 95% of what gets posted becomes noise,and it's kind of a survivorship bias on posting. The long term holders with conviction don't need to say much, but stick around for the occasional nugget.

Cute_Bandicoot_8219

> Technically, Trump shouldn't get to say who runs the FED Technically he's the ONLY person who can say. The President nominates someone to head the Fed, and the Senate confirms them. The President can't FIRE the head of the Fed except for cause, but that doesn't mean he's not wholly responsible for nominating them.

KlearCat

I’m saving for retirement. FIRE

phylaxis

Eh, it actually had the opposite effect on me.  I was already really into tradfi and obsessively budgeted and scimped every dollar to try and make progress towards my FIRE number. With Bitcoin now I can relax. Still putting the majority of our monthly income towards investments but I feel like I can finally live a little because I'm so confident that we will be ok. We are travelling more, spending more money on hobbies, not dodging social events just to avoid the expenditure. Its so nice. 

penty

Only if your whole identity is work. There's family, hobbies, experience and just working when and if and on what you want. Thanks to Bitcoin my 2014 sabbatical slowly evolved into FIRE.

nicoznico

A few weeks ago I saw the perfect answer in another sub (I guess it was a FIRE sub). Answer: ## I work in asset management. It‘s the truth. You manage your own assets.

timeforachangee

There are a lot of retired early people in developing countries especially SEA. Just say you saved and invested from a young age to retire young? Why are you making FIRE more complicated than it needs to be? If you feel the need you can say you are a trader as there are many trader bros in developing countries as well.

silentcold

More than average on this subreddit. Global economy absorbed and functioning on Bitcoin standard is ultimate FIRE 🔥

OldPyjama

I wonder how many of us are wholecoiners. It's a dream many of us have. Being a wholecoiner puts FIRE'ing in the realm of possibilities.

PoisonWaffle3

We've been working toward FIRE for the last five years or so, and we're on track to fully FIRE in about 5 years (I'll be 40). We've been aggressively contributing to a pretty "normal" Boglehead style portfolio, but then I have my crypto portfolio and a higher risk stock portfolio. I've made a killing on the crypto of course, but I've also made a killing on PLTR, CLSK, META, TSLA, and a few others over the years. On average my portfolio makes at least double what my wife and I make at our jobs (some years it's 3-4x, and we don't spend any of that, just keep it growing), but I know that's not realistically sustainable for decades. I keep moving profits over to the more traditional (and realistic in the long term) portfolio over time, and when that's big enough well retire.

Ok_Rent_2937

Good question. I am not yet ready to FIRE because I live in a VHCOL area. My home is valued at $3M, but I still have $1.1M mortgage at 2.6% fixed on it. I think that in 5 years I will be able figure out a move from VHCOL to HCOL, if not MOL. At that point, I hope to sell my VHCOL house, buy the HCOL home for 100% cash, and have investment portfolio worth $5-6M or more, if the stock and bitcoin market Gods favor us with some good bull action. That’s when I will FIRE

jabroma

With over $3million capital you could comfortably be achieving over $150,000/year after tax in passive income already…if you don’t mind me asking, what are you waiting for to FIRE? What’s your target passive income? What’s your desired lifestyle that can’t be achieved already?

Drizznarte

The idea of coasting is ridiculous, you have to work just as hard , you are just equally hard on yourself and don't spend any money on yourself . You sacrifice you current happiness for futures freedom. There is no coasting in FIRE , unless you are inheriting, you live in the flames untill you are free.

Crappyhodler

Your assumed future return is the weak part of the plan. You should coast FIRE only when the current value is enough to cover the difference of a lowered income. In the mean time should be hustling to increase the stack.

laumbr

My plan is to hodl for another 13 years, then start looking for a local top in which I'll sell (up to) 10% of the current stack and FIRE. 10% should be enough to last me 18 months or so. After that I have 18 months to determine what is another reasonable spot to sell the next (up to) 10% for the next period of 18 months. By never selling more than 10% of the current stock you will sell less and less actual etc each time but never run out.

Ok_Rent_2937

I own 3.49 BTC. Besides that, I have $3.2M in trad-fi investments. Guess I can Coast FIRE now as per your numbers. Just to be safe, I plan to Coast FIRE in 5 years and perhaps FIRE in 3-4 years thereafter.

2xfun

FIRE people are now jumping off bridges and yelling like crazy

tallboybrews

An insane amount of people in the FIRE community got there by amassing large amounts of wealth through crypto. There are those who still poopoo it and insist its a stupid idea, but its just ignorant to not realize that btc has allowed for many people to retire early.

ImpressiveRelief37

Bro it’s just like any other investments. You sell a small percentage every year when you enter your withdrawal phase / hit your number. See the 4% rule/trinity study/FIRE methodology. Anything else is just too risky or impossible unless you are a very high networth individual, which you probably aren’t seeing you are asking this question here. What’s the problem with selling say 1-2-3% of your holdings each year to cover your expenses? I’ve FIRE’d and it’s what I’m doing to afford my lifestyle. Trust me you don’t want to stress with how the market is doing when you retire… and a loan on your bitcoin is just leverage with liquidation risk and it could turn your retirement into a nightmare 

rgnet1

Congrats for not losing it. Now don’t sell half. Just sell at a monthly pace that would match your monthly income and live the FIRE or FINE life. Also if you live in the US, you get married tax free capital gains income up to $96k ish. So as long as you have no other income your crypto gains are coming to you tax free every year. You say it’s life changing money so don’t sell a chunk and take a tax hit to watch it sit in another investment you didn’t believe in 10 years ago. Unless, maybe you want a house paid off. Maybe.

tj78492

Wait until those guys fully grasp Strategy's Preferred Stock Offerings. STRF is ideal for FIRE

BRK_B__

FIRE doesn't like Bitcoin because it is so volatile. They want consistency, because if their "retirement" can swing 50% one way or the other they may be able to afford another house sure, but they also may have to sell their house and go back to work. it's not about being super rich it's about consistency.

Sea-Caterpillar-1700

They're too retarded for overnight. The marketing algo's keep them sucking up the FUD without doing research. Once fiat tanks, they're FIRE tanks with it.

DaVirus

The only "good" argument I have seen for FIRE being sceptical of BTC is the volatility making the brain-dead "withdraw 5% a year" more difficult. Which, ok, fine, but that is a problem that can easily be solved...

1234away

FIRE people are the most financially illiterate people cosplaying as the most literate 

Appropriate-Talk-735

FIRE should really get more into bitcoin but I dont know if they can open their minds to it.

FairBlamer

Look up sequence of returns risk. A big component of FIRE is managing volatility when making withdrawals, because withdrawing during a bear market can be a death sentence for your portfolio’s longevity. This is why retirement planning often involves fixed income; *not* because fixed income is expected to actually produce good returns from a pure investment perspective. Bitcoin is still way more volatile than other assets, despite its volatility coming down a bit in recent years. This makes managing sequence of returns risk difficult for retirees.

PutItOnTheRitz

You’re right that cold storage is ideal for long-term self-custody, but it doesn’t have to be all or nothing. I personally diversify: max out Roth IRA contributions (you can use platforms offering Bitcoin exposure via ETFs like IBIT), then cold-store the rest for long-term security. That way, you benefit from tax-free growth and sovereign control. If you’re looking for curated ideas that blend Bitcoin with broader FIRE strategies, check out [Impartoo](https://impartoo.com) — it’s got ranked lists that simplify asset selection across crypto, ETFs, and stocks.

Bubbly_Ice3836

Bitcoin has the most FIRE meme! Have a good Friday yall!

mountainlifa

Is this different from Barista FIRE or Skibum FIRE

victor_vanni

If you put it all in any kind of safe investment such as S&P500, getting 3% yearly would be more than enough to live in many many places. If we consider 8% of growth every year, which can be conservative, it will still grow every year, and you don't need any money coming from jobs. My goal to FIRE is way less than 500k USD 😅

Typical_Platypus_759

In much of the world there are no capital gains taxes or de facto no capital gains taxes on bitcoin. If you have FIRE money, you can live anywhere you want.

Threemonkeys123

Hope it does. FIRE sale 🔥

Crappyhodler

Of course it is super conservative given bitcoin's known long term growth. But this is not traditional FIRE, where the goal is living of your portfolio while preserving its value. I want it to to grow and not miss on future gains.

ImpressiveRelief37

Haha I did the same before. Unsubbed to fatfire after FIRE’ing as it kinda made me stress about money and getting richer when I can just chill a happy normal life when plenty of free time. At one point when bitcoin 10x again I’ll be way up the fatfire scale so I might get back there lol

Generationhodl

Same here.. I think about selling some of my Stack end of year to have money as a backup for 2 years bearmarket. I'm just not quite sure where to park that money. CHances are that I also FIRE at the end of this year, but it really depends on bitcoin and how much I can take at work in the upcoming months.

Coininator

Do you know about FIRE and the 4% rule? I acknowledge that you‘ve hodled for so long, but maybe it’s time to de-risk now? I don’t have to tell you how bear markets feel, as you, experienced 2018 and 2022. But let’s say you have 100 BTC and no other savings. If you had 12M in cash, would you put it all in BTC? No way… You could sell 50% now, put it into stocks and take out 3% from these 6M (180k) yearly for the rest of your life, while still keeping half of the upside…

RainyVermillion

How is 5 BTC enough to FIRE now?

BC4U

I’m in the same boat as you.. End of 2013 class. My only concern is if I FIRE now, and there is a decent bear market (I know Saylorsburg said to Laura it’s going up forever.. but there will be dips), I’ll be selling more coin than I prefer. If I wait till the next bull run I think I’ll be safe even if there’s a good bear market after that. Good luck!

AlfalfaSea6638

Assuming a 3-5% inflation, I think my FIRE number would be $5M. Would give me enough to spend, dry powder to invest, ability to give gifts as I like, and live the lifestyle I like.

BRVM

Here is a FIRE focused Bitcoin podcast for you :) https://youtu.be/bYUOpTMcQqk?si=Rs71qrcL7oxQk1dT

imjsm006

I am hoping to FIRE in 4-5 years. BTC is part of my strategy ( see what I did there). I’ve been listening to Ric Edelman for 10+ years now and he recently came out that 60/40 is dead and he suggests 10-40% in crypto (which I read as bitcoin). Getting to your FIRE number is great but keeping it and staying in front of inflation is something entirely different which makes bitcoin a necessity.

coojw

I do understand the FIRE method. Some of the core principles are good to follow, like the aggressive savings. The problem is the book it was based on is outdated. It’s built specifically for our fiat system which inflates over time. The advice it gives only applies to the fiat system. On a Bitcoin standard, it’s irrelevant. Just hold bitcoin.

infernal_celery

I was into FIRE before I was a Bitcoiner, and I’d say I fall into both camps.  My allocation to Bitcoin is a lot heavier than that, but it evolved from something like 70/15/15 equities/gold/various crypto when I started a few years ago and growth and lifestyle changes have happened. Now I’m living on a boat, COVID has been a thing, BTC became a dominant part of the portfolio as I learned more and I work on an island in the fuck of nowhere. A far cry from the house I lived in in England when I started. Portfolio is now 100% equities in pensions (because of local regulations), and outside of pensions I’m at 50% equities, 8% gold and 42% BTC. Contributions wise I pay in pensions to get my employer match (100% equities) and thereafter 60% equities and 40% BTC give or take. I’m CoastFI so I can take risks with contributions but diversification makes sense to me and one day I’ll have to draw down so I try to offset market risk to the extent I can. I think I have some bonds as part of a robo-investor portfolio but that’s just a result of their algorithm and a feature of the retail products that were available on this island when I moved here. I now have a regular brokerage account for my equity purchases. I think bonds are generally crap in a market where a high interest savings account gives you a similar fiat return [leave it out, lads - we all know that’s an euphemism] so while I have some I don’t take them seriously after the Liz Truss government.

FieserKiller

my FIRE strategy is simply going 100% Bitcoin. its looking good currently. will retire in 5 years. I'm planning to keep it basic and simply convert some btc to fiat every few years to cover my expenses

2LostFlamingos

If you plug all the numbers into a calculator for risk adjusted returns, I think you’ll be startled by how much bitcoin the calculator will tell you to have. Bonds are totally fucked nowadays with how easily and readily governments inflate fiat supply. If you want something besides bitcoin and stocks, get some gold. Maybe some more real estate. And yea. Sometimes I’ll read the FIRE sub. Their disdain for bitcoin makes me think they’re extremely set in their ways… unable to incorporate new ideas, or to observe the changes around them. If they’ve failed to notice bitcoin, what other changes have they failed to incorporate from the past 10 years? Past 20-50 years? Their love of bonds makes me think that they fail to recognize how much things changed after 2008. Shit maybe even 1971.

laumbr

My FIRE strategy is per now only Bitcoin. ATM saving up to reach my targets - after that I will use any local tops to release 18 months of use to cash. Then it doesn't matter if I wait 18 months for next selloff or if I sell a bit on a local top in between. I expect to see my stack on average deplete less than 10% of its actual value at the moment of sales. For easy math You have 1 BTC. Sell up to 0.1 BTC for 18 months of cash reserves in year 1. leaves you with 0.9 BTC. Then, say, after 16 months a local top looks decent enough. Sell up to 0.09 BTC as it's 10% of 0.9. Next time up to 0.081. An so in. Always having a cap of 10% allows to never use it all. But if less than 10% solves the 18 months liquidity issue, then no reason to sell all 10%. If annual growth rate is on average 20% the purchasing value will increase regardless.

Odd-Macaroon-9528

BTC is my only chance to FIRE at all... so yeah. My bet is it'll get a 20X or more until I want to retire.

Damascuslyon

I just wish I had the money to buy more then. It would’ve helped me fast track my FIRE plan by at least 3-4 years

Ill_Bridge1556

Bitcoin is definitely part of my FIRE strategy. I'm in the process of rebalancing my portfolio, reducing property and increasing BTC and other ETFs to drive more passive growth.

JashBeep

FIRE is great because it encourages people to think about saving for their future, working towards a goal and enjoying life. It is a shame when various other subs ban bitcoin from being discussed. That has been changing slowly over time as btc gains legitimacy in the finance world. Shutting down the discussion means that people's views about bitcoin do not keep pace with what is actually going on. I suggested to a few friends to read [Lyn Alden's recent blog](https://www.lynalden.com/bitcoin-stocks-and-bonds/) to update their views about bitcoin for a similar reason. Unfortunately sometimes the discussions on reddit become very adversarial and I'm sure the mods of all subs are keen to avoid that. Bitcoiners participating in other subs would do themselves a favour to not be too adversarial. What OP is talking about here is mostly concepts from traditional finance: [Modern Portfolio Theory](https://en.wikipedia.org/wiki/Modern_portfolio_theory) and [Sharpe ratios](https://www.investopedia.com/terms/s/sharperatio.asp). Put simply, calculating a Sharpe ratio it's a process (repeatable, objective) to evaluate risk and reward whereas MPT is a way to evaluate the projected returns from a diversified investment strategy. What that last part means is, if I invest in two different things, which things should they be, and how much of each should I go for? And the way I think of it is to say it's like assembling a well balanced meal and adding some spices for taste. One of the comedies within this exercise is the first thing you will hear from any mainstream finance advisor is "past performance does not guarantee future returns". In the process above we are using past performance to predict or at least estimate future returns. But to be fair there may be no better way to approach this problem objectively. My point is to take the whole exercise with grain of salt, and also apply your own reasoning to it rather than blindly trusting numbers that this process produces. So the only comment I really have is that in as someone in bitcoin I have generally negative views towards bonds, particularly direct government treasury bonds, less so corporate bonds. You could consider gold for that portion or even REITs or something. Any FIRE strategy that includes 5-10% bitcoin is imho a no-brainer. Downside risk is minuscule, upside potential is phenomenal. 20% is a larger chunk and may reflect OPs age (presumably on the younger side) or risk appetite. That's me talking with my "financially responsible" hat on. My personal conviction is much higher. This is, of course, not financial advice!

PoisonWaffle3

I'm also using crypto (mostly BTC) to drive my FIRE goals. I've been holding/buying Bitcoin since 2011, and it's been the biggest driver of my NW overall. I do have a more traditional portfolio as well (I'm a big fan of VOO in particular), but BTC has been my biggest winner.

Humphrey-B-Bear

I'm confident there are other FIRE peep's on here. I would suggest a heavier exposure to BTC though. BTW for those wondering FIRE = **F**inancially **I**ndependent **R**etire **E**arly.

tesleer

You can borrow a strategy from the "FIRE" movement and spend 4% of it per year to live on.

penty

No, FatFIRE is simply "significantly higher standard of living than traditional FIRE, allowing for a more luxurious lifestyle. This includes more frequent travel, higher-end hobbies, and overall greater spending flexibility in retirement. " I don't think 10s of millions would be required.

penty

So does this one, me for one. Started to pull back and did a Sabbatical in 2013 as I re-orged my life due to family stuff... That turned into coast FIRE..to lean FIRE.. to just FIRE as the BTC cycles continued.. this one puts me at FatFIRE.

Any-Neat5158

Not right now, no. But it would be enough to put me on a very fast path to FIRE. I'd max my 401k (not far off it now). Eliminate all debts. Nothing would change work wise for the next 5 years. At that point I'd retire. I'd have enough to live off of my fiat income for the following five years. With what BTC is projected to be worth in 10 years, I could easily then retire entirely. At that stage my base expenses would be coverable by my social security and my 401k (though it'd be 15 years at that point until I'd be able to collect them). From the time I would FIRE until I would reach the stage to draw on those things, I project I'd spend about .5 BTC give or take. When I hit retirement age my stack would represent major generational wealth for my family.

BTC_is_waterproof

Reddit’s FIRE subs have people who’ve actually FIREd.

ckammerm

I’m an average working class guy with a bachelors in engineering. Have a wife who also works. College at state schools here is ~$17k before room/board. Call that another $1.5k / month. So $35k a year x 4 = $140k. I believe that to be on the low end. I suppose everyone has a different definition of spoiled, but I was afforded my folks paying for my tuition and I want to be able to pass that on so it’s totally included in my FIRE#. If getting an education paid for is spoiled, I guess I am. Folks didn’t buy me a house, cars, etc. worked part time thru school making just above minimum wage. Shit is expensive my friend. I will say that if I’m spoiled, you sound out of touch with the finances of a household in 2025. Will own my house outright in a couple of years, live very below my means. Probably within FIRE once that bill is gone. Keep in mind that inflation erodes purchasing power of your dollars over time so while HODLing we need to have cash to spend. Auxiliary savings should do the trick for a while, but healthcare costs that are not employer subsidized are expensive for a family. Kids get sick, adults get sick, diseases do happen that are uncontrollable (hereditary, environmental, etc).

EagleGod

You sound spoiled. Also I don’t believe FIRE often includes paying for your kids’ college and $175k is way more than most people are paying.

Appropriate-String-4

Well, does anyone know how much taxes we have to pay? That will give me some idea of how much I need to FIRE. 

bemyantimatter

When you dig deep into FIRE (especially the “influencer” YouTubers) FINE is what they’ve actually done. They quit their old job, started up a YouTube channel, and now that’s their full time job while they get $22 a month in dividends and act like they are retired.

bemyantimatter

Is that the same as Coast FIRE?

Boogyin1979

I tried FIRE a few years ago and moved to FINE. “Work” is awesome and can be very fulfilling IF you are doing what you love to do.

ckammerm

curious how 5 would be enough to retire? average FIRE # is like \~$3M USD for most people living in the states in order to have access to healthcare, pay off home, have an average lifestyle and not run out before death. Also if retiring fairly early, social security would be low when you start to collect.

malte_brigge

And even the people who aren't broke AF and are on the FIRE path aren't very liquid in most cases. Their net worth is tied up in their 401k (to which they make max contributions every year), in their HSA, in real estate, and so on.

CereBRO12121

My FIRE plans really couldn’t care less about those people. I will be relaxing all day playing video games by the time I am 45ish while they will continue slaving at 2 jobs for next to nothing.

DIYnivor

Dad wasn't "interested in a get-rich-quick scam" back in 2015. I bought a pickup and put a new roof on my house, essentially for free because of such high profits. I retired five years ago at 49 years old because Bitcoin pushed me over my FIRE number. Net worth doubled since then with the help of Bitcoin. Not a peep from him.

abdullahmnsr2

Around 3 BTC to FIRE.

Hungry_Way9276

I'm 45 now and have an investment portfolio of around 1 million. 10% of it is in bitcoin ETF. Remaining are in index fund ETFs. I have stopped DCA in bitcoin now. I'll invest more in bitcoin if its price falls down and reaches around 5% portfolio of my total investment. Else my investments go to index funds. In the next ten years if bitcoin portion reaches 50% of my portfolio, I will FIRE. Else I will FIRE at the age of 55 using my index funds which would be a sizable amount by then.

Stew-Cee23

$1M/BTC would put me at Chubby FIRE but I'd probably work a lil longer anyways

BitcoinMD

I stopped buying when it was 5% of my portfolio. It’s much more than that now, but since it’s not my only investment, my FIRE number is not solely a function of the price of bitcoin. But, I will quit work when my total portfolio is 25x my annual spend. At that point I will also sell bitcoin down to 10% of my portfolio and keep it at that level.

peekdasneaks

We’re talking about $300k. 10 coins doesn’t equal $300k. If we’re talking about 10 coins that is much closer to a realistic FIRE number but I still don’t think it’s enough unless you already own a house.

StonksPeasant

$3 million to FIRE $1 million to slow down and spend more fiat

leftyrancher

That's your FIRE amount? Doesn't seem like very much, unless you already got it before $50k, and even then, it's still not that much... yet.

jonoghue

How long before I can FIRE

Punkbich

You're correct about the constituents of a FIRE number, but... the impact of a price on net worth is how much of that thing you have. That can vary so much that the 'price' tells you little, or everything.

TimeStampKing

I disagree. Everyone’s FIRE number (net worth) is unique to them. It depends on a number factors such as how much they are would like to spend and their expectation of market conditions along with withdrawal rates in the future. I was just curious and wanted to check the pulse of what hardcore bitcoiners target (price per coin) as their FIRE number. Things always change but it’s nice to have a target. Even if you have to re-evaluate when you get there, or before.

BeardedMeech

I dont own a ton - just over 1 coin. Won't FIRE off of it, but plan to sell about .25 at about 150k, assuming it gets there. Buy some new windows for the house that are on their last leg and a used pontoon boat. That's my dream lol. No lambos in my future but a major house expense and a pontoon boat covered for "free" isn't bad.

malte_brigge

This should have been me. I was worth over $800k liquid at one point in 2021. Enough for me to leanFIRE. And while it's true that I haven't had to work a FT job in years, I'm now much further away from being able to FIRE than before. Biggest mistake was that I didn't sell all my alt bags and NFTs when I should have; that bull market / bubble was insane. And in the years that followed I rode some of them all the way down. At one point I even stupidly exchanged nearly 0.24 BTC for a bunch of a token that is worth essentially nothing today. Still kicking myself for it. Still a wholecoiner but not financially independent yet.

stKKd

I can FIRE anyday but I just can't sell my BTC

Diligent_Advice7398

Do all of you guys have between 3-5 BTC? Or are the FIRE number estimates just ridiculously low?

Jayrovers86

I would just like to raise a glass to all you guys who were smart enough to stack hard over the last 5 years. You deserve FIRE

nickoaverdnac

Right... FIRE meaning you can take profits on just yearly growth without disturbing your principle. I just don't think 300K is enough to do that. Perhaps closer to 1M. It really depends on if you own/rent, and if you have a family or if you are single.

OxfordKnot

I thought we were talking about Bitcoin price to FIRE, not meet worth...

Generationhodl

Its one of the coolest feelings when your stack grows bigger and faster than your income at work. If you keep up saving or hodling you are going to reach a point where your stack will make more gains a year that you could ever work for, thats just really fantastic and the basis for the FIRE Livestyle.

peekdasneaks

4% withdrawal rate is 12k/year. the 4% might be safe to go to 6% or 10% with bitcoin, but still, youre talking about peanuts and no where near a FIRE number.

KryptoSC

At $200k, I can start to slow down. At $300k, I can be FIRE.

taipeileviathan

This is kind of an unanswerable question because it is predicated upon fiat USD values… ie if an avg house is gonna cost $1m maybe I can FIRE when BTC reaches $800k but if BTC is reaching $800k in tandem with the USD depreciating till an avg house costs $3m then I’d still be a ways off.