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Currently I'm kind of squatting. The "reasonable" thing to do would be to rent a flat, or maybe buy a flat. But I will only do that out of desperation...
I'm not looking at my dream house, I agree with you that it will wait "fuck you" status, and will very probably be near a beach, in a warm place, in another country (or a French island in the Caribbean or Pacific Ocean). In fact it will probably wait more than that, because I would first travel, do weeks/months of airbnb here and there, to find the perfect place.
However I'm looking at a place I could enjoy while keeping my job, for let's say 5-10 years. I'd like the ability to build a solar array, a pool, have room to store a few cars... I want neighbours to be some distance away. And if things don't go according to plan, or there is a zombie apocalypse or something, or just for pleasure, I want to grow some food, fruits, vegetables, etc.
Now that you mention some of these matters, I do recall one of your other discussions of the flat in the city and then place further out to be a better arrangement than trying to buy a BIG place that was closer to your work (or further in the city) because you could get two for one.. just with the BIGGER place being further out in the subburbs.
Of course, while it seems that you are still building up to fuck you status, then of course, it seems wise to attempt to be somewhat frugal until you get to that status or in a very near place to that.
Another aspect of this would be to take a 6 figures loan, the biggest I can get with my income, locking in current very low interest rates. That way if inflation continues, the house becomes cheaper and cheaper for me, even if it doesn't increase in value. And if it increases in value, even better.
I know some of you don't like loans, however the monthly payment would be very reasonable, and here you have to buy a loan insurance so even losing your job is covered.
I am surely not against loans as long as you are able to service them and you are living within your means (somewhat) and NOT using the proceeds to invest in depreciating assets or consumption goods.
A lot of people may not have been able to ever buy a house, get an education to get a good job or other ways of leveraging loans in order to improve their conditions. Loans can be very powerful for the very reasons that you have stated.. if you are able to find a property that is of good value and you do not get into some kind of terms that are onerous.. but you can negotiate decently favorable loan terms, then you would likely be better off to get a loan... especially with fiat also debasing so badly, too... so you are paying back with fiat that is increasingly worth less and less..
An added benefit is to have the most "normal" life possible, paying all the right taxes etc.
Some of the matters are somewhat discretionary.. at least in terms of your feeling that you are not getting tied down by having a house in one spot... So, if it is likely that you are going to stay in the area for a sufficient amount of time, maybe 8-12 years or more, than buying could pay off quite a bit more than renting... but sure, sometimes there are so many extra costs with buying that it might not pay off, especially if you are going to be moving around. Regarding the tax angle, I would think that would be a given that you would pay whatever taxes that you owe.. or figure out ways to possibly lessen them if you can without costing yourself more than you are benefiting in the process.
I have no plan to sell any BTC for this, mind you, I have fiat saved up (on top of the loan).
Even though I used the sum of 19 BTC, I was NOT necessarily arguing that you have to sell 19 BTC, but there could end up being some trade-offs (opportunity costs) when you choose to invest into one kind of thing (dream house property) versus using some or all of that same money to buy BTC... of course, if you are already paying rent, then sometimes you would end up calculating the difference between renting and the mortgage payments (an other home ownership costs) to figure out how many BTC you might have been able to buy with the difference that you end up spending on the house.. I was largely attempting to suggest that there are always some kinds of opportunity costs with how you choose to spend your money and your time.. and sometimes you have to go through various calculations to attempt to put fair assessments on real factors rather than merely attempting to justify that you want home ownership status when there might be some hidden costs such as interfering with some of your abilities to acquire more BTC and/or other factors as well.
And I can't afford a 700K€ home, 450K€ would be pushing it, I'd rather keep some fiat for home improvements, the aforementioned solar array and pool, maybe some mining hardware, or keep some financial investments so that when I need to sell something, it's stocks rather than corn.
For sure, it is up to you how to allocate, and if you might be living beyond your means if you were to invest into way more house than you needed and then it ends up costing you way more than what is reasonably within you budget to be able to accomplish other associated expenses or just covering your normal life expenses and having an emergency fund as you seemed to have suggested to be prudent, as well.
I surely am not against making those kinds of living within your means and allocation to various assets calculations... and if you do not overly allocate in any asset then you can keep some fiat available or potentially some other kinds of easily liquidate-able assets that would not cause you to have to dip into your bitcoin at a time that is not of anything but completely of your own choosing.
If anything makes me depressed it would rather be that all this cash put in BTC at the right time could have meant fuck you status already, but I wasn't ready for that kind of gamble.
Hopefully you can find some kind of a place in which you are not kicking yourself too much about what you could have done or what you should have done.. otherwise, you may well end up investing too much into bitcoin or whatever and then you are way the fuck too over extended and you end up going down the mindrust path of panicking.
I think that each of us can go through those kinds of scenarios in our heads regarding the level of aggressiveness that we choose and maybe even how we had chosen to invest into BTC. We feel that we are doing the best that we can at the time that the price is playing out and we are making our various balancing decisions, even though in retrospect it seems way the hell more clear that we should have invested more at certain points in time.. or whatever other mistakes that we had made. I have told several of my mistakes several times, but I am not sure how much I would be able to change what I did because I believe that I was doing the best that I could have done based on what information that I had available.
For example, we know that we cannot go back in time, but one thing that we likely learned is that bitcoin remains both a good investment and also a decently asymmetric investment towards the upside. If we have already developed a decent BTC stake, we can maybe up the level of our aggressiveness in terms of various ways to accumulate BTC.. which are DCA, lump sum investing and buying on dips. You know that I am not any kind of BIG fan of selling in order to buy back lower.. or even trying that as a strategy until you have reached really high levels of over-accumulation... and of course, each of us has to decide on a personal level if we are overinvested in bitcoin or not.. but if we sell some coins, we have to be able to consider that we might not be able to buy those coins back at lower prices... but if we are over-invested, then we should not care very much if we are able to buy back the sold coins or not.
By the way, I know that I can type until I am blue in the face about some of these concepts, and sometimes guys are going to get involved in trading to try to accumulate more bitcoin and end up fucking their lil selfies because they believe that they have reached certain levels of BTC accumulation to be able to shave off and then buy back lower and then the BTC price ends up outrunning their perfectly laid out plan. and they end up with way fewer coins or even close to no coins... and surely I never would be suggesting to engage in those kinds of behaviors, even though I know people interpret what I am saying in those kinds of ways.
And now I'm not ready to spend it all on much more expensive coins. I have bought enough during the last dip (not the current one, the one from the ATH) to feel relatively OK with myself, now I'm DCAing, and doing some other stuff to accumulate sats (small scale trading on an exchange, small scale arbitraging on a DEX).
Ok... so if you have a multi-faceted strategy, then you seem to be doing the best that you can for your own circumstances.
When I get some sats, to estimate how much they're worth, I'm using the ATH, and also 1 million $ BTC. That way, if I got 0.001BTC today (I did), then it's 68$ "today", and 1000$ one day.
I suppose that each of us has our own tools (or ways) to try to figure out how BTC has a better purchasing price today than it is likely to have in the future.. so the value is going up and yeah accumulating as many as reasonable and feasible now is likely going to pay off into the future.
You probably have seen that I am a bit concerned about valuing my coins in terms of price tops because, and in order to account for likely ongoing volatility, I like to attempt to consider how the bottom is moving up with the passage of time. I am not sure if you and I end up at the same place, but I do want to personally error on the side of conservativism, and maybe your placing a future value of $1million causes you to NOT so much get worried about today's price since it is way below $1million, so you are still getting a bargain.. something like that which causes you to continue to appreciate the future value and your need to accumulate BTC at better prices....
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