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 105 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 you liked it subscribe