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When I say "upset" and "fear" I mean something significant - you ought to be upset about it enough to be still upset a year later. "Could have paid for the vide
by DenisM 8y ago
When I say "upset" and "fear" I mean something significant - you ought to be upset about it enough to be still upset a year later. "Could have paid for the video card" is not sufficiently upset. "Could have bought a car" would be if you couldn't afford a car to start with. Whatever it is that makes a difference in your life is where you start.
And on the upper end I am restricting myself with "diminishing marginal utility of money" (aka FU money). The range between "too little" and "FU money" is quite narrow, logarithmically speaking.
Let's say that the lower boundary is $100k and FU money is $20m, and same starting conditions as before. 12 iterations would give me $9.7m in cash plus $13m in BTC [2000(3/4)^1250*2^12].
I admit I have deviated from my original "sizable fraction" statement, and I no longer believe in it. But having shifted the goal posts I proclaim these new ones are better - just as satisfying, but a lot more achievable.