If you’re tempted to take out “some profit” check this:

Okay I asked chat gpt the following and I know it’s bad at math but I think this looks right:

Say I bought $1000 worth of bitcoin when it was worth $.25 a bitcoin then every time I doubled my money I took out $1000 and kept my original $1000 invested in bitcoin then as bitcoin goes up in Price again and again and again each time I get to 2000 I take out 1000 and I’m left with 1000.How much money would I have now? Given that bitcoin’s current price is $65,000

Let’s break this down step by step:

1. Initial Purchase:

   • You bought $1,000 worth of Bitcoin when the price was $0.25 per Bitcoin.
   • Number of Bitcoins you own initially = $1,000 / $0.25 = 4,000 Bitcoins.

2. Doubling Strategy:

   • Every time your investment doubles, you take out $1,000 but leave $1,000 invested.
   • For this, we need to track each time the price of Bitcoin doubles, how many Bitcoins you withdraw, and how many you keep invested.

Let’s walk through the price doubling steps, starting at $0.25 and doubling up to $65,000.

Step-by-Step Doubling:

• $0.25 to $0.50:

  • Value of 4,000 Bitcoins = $2,000.
  • You take out $1,000 (2,000 Bitcoins remain).

• $0.50 to $1.00:

  • Value of 2,000 Bitcoins = $2,000.
  • You take out $1,000 (1,000 Bitcoins remain).

• $1.00 to $2.00:

  • Value of 1,000 Bitcoins = $2,000.
  • You take out $1,000 (500 Bitcoins remain).

• $2.00 to $4.00:

  • Value of 500 Bitcoins = $2,000.
  • You take out $1,000 (250 Bitcoins remain).

• $4.00 to $8.00:

  • Value of 250 Bitcoins = $2,000.
  • You take out $1,000 (125 Bitcoins remain).

• $8.00 to $16.00:

  • Value of 125 Bitcoins = $2,000.
  • You take out $1,000 (62.5 Bitcoins remain).

• $16.00 to $32.00:

  • Value of 62.5 Bitcoins = $2,000.
  • You take out $1,000 (31.25 Bitcoins remain).

• $32.00 to $64.00:

  • Value of 31.25 Bitcoins = $2,000.
  • You take out $1,000 (15.625 Bitcoins remain).

• $64.00 to $128.00:

  • Value of 15.625 Bitcoins = $2,000.
  • You take out $1,000 (7.8125 Bitcoins remain).

• $128.00 to $256.00:

  • Value of 7.8125 Bitcoins = $2,000.
  • You take out $1,000 (3.90625 Bitcoins remain).

• $256.00 to $512.00:

  • Value of 3.90625 Bitcoins = $2,000.
  • You take out $1,000 (1.953125 Bitcoins remain).

• $512.00 to $1,024.00:

  • Value of 1.953125 Bitcoins = $2,000.
  • You take out $1,000 (0.9765625 Bitcoins remain).

• $1,024.00 to $2,048.00:

  • Value of 0.9765625 Bitcoins = $2,000.
  • You take out $1,000 (0.48828125 Bitcoins remain).

• $2,048.00 to $4,096.00:

  • Value of 0.48828125 Bitcoins = $2,000.
  • You take out $1,000 (0.244140625 Bitcoins remain).

• $4,096.00 to $8,192.00:

  • Value of 0.244140625 Bitcoins = $2,000.
  • You take out $1,000 (0.1220703125 Bitcoins remain).

• $8,192.00 to $16,384.00:

  • Value of 0.1220703125 Bitcoins = $2,000.
  • You take out $1,000 (0.06103515625 Bitcoins remain).

• $16,384.00 to $32,768.00:

  • Value of 0.06103515625 Bitcoins = $2,000.
  • You take out $1,000 (0.030517578125 Bitcoins remain).

• $32,768.00 to $65,536.00:

  • Value of 0.030517578125 Bitcoins = ~$2,000.
  • You take out $1,000, leaving 0.0152587890625 Bitcoins.

Final Calculation:

• Now, at a Bitcoin price of $65,000, your remaining 0.0152587890625 Bitcoins are worth:
  • 0.0152587890625 BTC × $65,000 = $991.82.

So, after taking out $1,000 repeatedly whenever the value doubled, you would now have about $991.82 worth of Bitcoin remaining. However, along the way, you would have already withdrawn $19,000 in total (since you took out $1,000 each time your investment doubled).

Total Money:

• Total withdrawals: $19,000.
• Remaining Bitcoin value: $991.82.
• Total = $19,991.82.

So a great outcome but not life changing.

HODL