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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...
Seems to me that I attempt to provide overall guidelines regarding how to consider BTC allocation(s), and of course, each person is going to have to tailor to his/her own situation.
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.
Nothing wrong with that, if you can afford it.
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.
You going to kick out your tenant when you "need" the house - eg when Armageddon comes?
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.
Devil is in the details regarding how many BTC that you have and how many you believe that you might need.
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.
That seems doable in these upcoming 6 months, but surely BTC is more than just a short term investment, so usually it is best to have at least a 4-year time horizon (from the time that you last inject money into it) and a longer time horizon would be better, of course.
above you said that you have 25-30 years, which should be more than enough to reach whatever BTC accumulation goal that you might make for yourselves.. and yeah it could be helpful to have two people working in the same direction, as long as that lasts and seems to be working out.
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.
Yeah.. so sure, you will have something quite similar to the hypothetical that I mentioned with a $10k being immediately available, and sure you could attempt to be strategic about investing it on the dip and somewhat attempting to figuring out where the BTC price might go without getting too greedy about it that ends up going against you. Like I mentioned earlier though, if your time horizon is at least 4 years and even longer, then if your wife is onboard with the possibility that it could take a while to get that part back into the green, you could just attempt to come to some kind of joint agreement regarding how to invest the money into BTC.. but if she has given you complete discretion, and she knows that it could take 4 years or longer to become profitable, then that might be enough of an agreement from her (but we know that women can get finicky and change their minds.. so you may well have to attempt to explain to her what you are doing and why you are doing it the way that you are doing it so that she understands your approach and that she should also attempt to have patience).
By the way, I do not recommend taking money out of a 401k - unless you are folding it into some kind of self-directed fund that you would not be paying penalties for early withdrawal.
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.
Sure ongoing profitability could happen, but difficult to know on the short to medium term in regards to whether your plays will be profitable and keeping everyone contented.
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.
Oh? I don't remember that. I suppose any of us can get moody, or maybe some ways of framing topics are more compelling than others? perhaps? I can hardly imagine anything too exciting happening in a matter of a mere few weeks or months.. and I surely don't get too excited about short term plays that seem more like gambling and guessing rather than having more long term strategies in mind.. maybe that is a bit of a bias that I have against anything that is coming off as gambling rather than a kind of investing strategy.
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.
I doubt that very many folks want to hear about your dabbling in shitcoins, especially in this thread, and I surely am not interested in dabbling in shitcoins even if the purpose is to try to get more BTC out of that. There are shitcoin threads that you can talk about those various distractions, if that is what you are into.
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.
Again.. not interested in shitcoin discussions.
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.
you are losing me when you mix shitcoins into the discussion because I am not interested.
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.
I think that it is o.k. to attempt to project ahead about some cashflows that you might have 6 months down the road, but until such cashflow is in your grubby little hands, it is merely theoretical.
Even though my default would be to consider the matter of the $10k in the three categories of lump sum, DCA and buying on dips, exactly what I would do with the $10k might also depend upon where the BTC market is at that particular time, and I would consider just plugging such $10k into my already existing system, if it is already set up then it should be relatively straight forward to just plug the additional amount into the system in places that you are believing to be needing of buttressing, and if you decide that zero goes to lump sum investing, then there are only DCA and buying on dips that remain, and how far down the ladder you want to go with your buying on dips might depend where the BTC price is at the time that you get the money.
So my Stop/Limit buy at the lowest price I've been able to catch thus far, brought my total BTC Cost Average up $15...
If you are looking at long term 4-10 years or more like 25 years, then it should not matter very much about your costs per BTC going up a wee little bit.
Saylor started out with BTC costs around $11k, and he kept buying up to around 105k BTC, and now his costs per BTC are around $26k, and he does not seem to give too many shits.
Poll
