
Cheers brother, we live and learn. My god, I wish I stacked harder in 2022.
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EditCheers brother, we live and learn. My god, I wish I stacked harder in 2022.
π Best Bitcoin Calculators for Bitcoinersπ I decided to build some practical tools for my own benefit and have released them into the wild to help Bitcoiners plan their retirement, achieve financial freedom and generally, to live life on their own terms. Visit https://whybitcoinshow.com to explore. Detailed thread below on the calculators π Bitcoin Retirement Calculator ποΈ Purpose : Helps users determine how much bitcoin is needed to fund their retirement based on desired lifestyle and timeline. How It Works : Users input their target retirement age, expected annual expenses, life expectancy, and bitcoin price projections. The calculator estimates the bitcoin required to cover expenses, factoring in inflation and potential BTC appreciation. Dream Calculator π¨βπ¨βπ§βπ§ Purpose : Assesses the impact of regularly spending bitcoin on lifestyle improvements like travel, experiences, or family time. How It Works : Users enter the cost of their annual expenses improving their life (e.g a world trip, a family sabbatical etc), the time horizon, and bitcoin price assumptions. Users can also chose to include additional bitcoin purchases and to preserve a percentage of the original stack to assess the impact on their overall holdings. Savings Calculator π° Purpose : Calculates how much bitcoin a user can accumulate over a chosen period through regular savings. How It Works : Users input their monthly savings amount, investment duration, and expected bitcoin price growth. The calculator projects total bitcoin accumulated and its future value. DCA Calculator πΈ Purpose : Illustrates the historical impact of dollar-cost averaging (DCA) bitcoin purchases to reduce market timing risks. How It Works : Users enters two dates and calculator amount invested establishes the overall return over the period. Div 296 Unrealised CGT Calculator (for Aussies) π¦ Purpose : Estimates the impact of Australiaβs proposed Division 296 unrealised capital gains tax on superannuation accounts holding bitcoin. How It Works : Users input their superannuation balance, their age, and projected portfolio returns. The calculator models potential tax liabilities under Div 296 rules - assuming a 15% tax on unrealised gains for balances over AUD $3M, as per current proposals - and highlights the opportunity cost of the ongoing taxation. I hope you find these tools valuable, Iβd love to hear from you! π§‘
Host of The Why Bitcoin Show / Head of Bitcoin Mentor Australia / Lover of Family, Nature, Bitcoin & MMA π¦πΏπ¦π¦πΊπ₯