loyce lump sum is an all or nothing attitude .
why not do a nice 3 way concept.
DCA
Downward ladder
Basement lumpsum
you are good with numbers do all 3 a figure a proper ratio.
say x a week dca
x at 30030
x at 29029
x at 28028
x at 27027
x at 26026
x at 25025
x at 24024
5x at 20020
10x at 19019
some variation of above means you will buy at least x a week on dca and you may never buy the ladder or the lump
but you are doing a 3 way and have all 3 covered.
set up a sell ladder at
x 65k
x 66k
x 67k
x 68k
5x 75k
10x 100k
only use the dca coins for the sell method
twist and tweak a bit and you are done.
I agree with your various points on the buy side, phillip... and so yes, there are a lot of ways to structure and to think about buying BTC that allows the set up to be individually tailorized so that way fewer emotions would come from BTC price movements because the buyer has thought about his/her personal situation and has set up his/her BTC buy strategy in such a way that there is no need to attempt to guess about the stupid-ass (all over the god-damned place) BTC price or to be emotional about what the BTC price ends up doing.
That kind of approach of selling too much BTC too soon could result in a kind of nonsense way under-allocation in BTC because the buyer/accumulator is trying to accumulate more BTC but going through that attempt to accumulate more BTC process by selling BTC..
BuhJesus! Edited To Save BBS Real Estate Some Peeps either Has too much time or too many typing skillz!
So I get what you're saying, and for many peeps this is SoLiD F'n advice! But here's the thing... a lot of peeps AIN'T most peeps...
So I got the first house paid off in full. I got the bug out bag with a month's worth of food, Gold, & Silver. I got the adequate supply of tactically engineered Iron & Lead. And between my and my wife's jobs, we currently make approximately double our current expenses based on our current quality of life requirements, and we both have approximately 25-30 more years of average income years in out estimated life cycles. We also have the 80 acres of rugged mountain land with a solid 1gallon/minute natural spring, fish able stream, and more than adequate woodland, arable crop field, and pasture land to support 10+ people, with a mapped out path from said house in the city to said mountain land w/o ever exiting heavy woodland coverage.
We have plans to buy another house somewhere between current house and mountain land that will be more of the kind of place where we'd want to live long term. The current house is being modernized and developed to be a rental property "smart-house" in the city targeted at the single executive or childless professional couple.
Debt is at absolute 0 (or rather cards are paid off monthly to keep credit active without ever accruing interest) and wife has a little over $10k left in a completely unmanaged 401k while simultaneously contributing weekly to an active and well managed 401k.
End result, if I never made a dime off of BTC and the US$ inflated into cheap kindling... I think we'd be fine.
BUT if I can outperform my wife's 401k's in 6 month's time, she has agreed to give me the dormant unmanaged $10k to grow as I see fit.
If BTC stays low for a couple more months, then goes parabolic, easy-peasy I win... a missed boat. The 401k will likely crash & burn before I can get any real buy in opportunity and my best bet at that point is to leave it untouched until it recovers enough to be of any use.
However if I use my system to maximize gains and possibly even reach a point where I've been able to draw out as much as I've put in and still have significant value to continue playing upward, I will then have an additional $10k and my wife's full support and admiration to play it smart and solid from that point on.
You mentioned in a previous post that I should talk more about how my system plays out, but I did talk about it a bit a couple weeks ago and you very much didn't want to hear it. Basically I've chose 3 of the top 10 Alts (shitcoins) and I play the exchange rates against each other to maximize tradable volatility while still focusing on a weekly dollar cost average contribution to my system. All of my buys & sells are at the same dollar amount and that dollar amount is equal to the dollar amount of my weekly contribution. So we'll call that dollar amount a "Lot". I started 3 weeks ago, so I have deposited 3 weekly Lot's into the portfolio's and I also added a lump sum equal to 10 Lot's to get me moving.
I currently have 4 Lot's of BTC at a CA 10% below current market value (and we're down right now), 4 Lot's of my Tier 1 Alt coin at CA about 5% over current market, 3 Lots of Tier 2 Alt at +10% and 1 Lot of Tier 3 at +2.5%. Plus I have 6 Lot's of US$ scheduled for BTC buys if the dippening continues through the weekend.
So currently I have 18 Lot's even though I have only invested 13 US$ Lot's. 6 of those Lot's are currently in US$ so I have a 7 to 12 risk to reward ratio. If my system blew up in my face right now I could still walk away with 6 Lot's in cash, 4 Lot's in BTC and hope like hell I can somehow recover my 3 Lot's out of the 8 Lot's of Alts. I'm feeling pretty good even though BTC is currently looking like it's on a Downward ladder for the weekend. Now my goal is to reach a 1 to 10 risk to reward ratio and feel confident in the fact that I can go for weeks on end without even thinking about where things stand and still easily pull out every dollar I've put in at a moments notice and have plenty of free BTC to continue growing. At that point I am certain my wife will be ready to hand over that neglected 401k whether we've reached 6 months or not, and I'll probably dive back in to make it grow in BTC but could just as easily decide to put it into another house, or Gold & Silver, or other investment opportunities depending upon how things develop between now and then.
At this point in time I feel pretty strongly that I'll be all in on my BTC system, but a lot can change in 6 months... especially when you're thinking forward 25-30+ years.
(BTW, while I've been typing my top scheduled buy has been filled for 1 Lot at the cheapest price per Sat I have paid yet, so everything above has changed and it's time for me to go do some more "Math's & Science")
*Edited cuz Prooraeding has vulae two...