@JayJuanGee @ImThour
Fuck the debating lets all agree that we all want to see Bitcoin continue to rise and we all get stinking rich that we have fuck you status
WRONG WAY CHARTBUDDY...
There are always going to be debates in these here parts, and even some of us guys who agree quite a bit on a variety of matters will get into pretty serious debates and sometimes devolve into personal attacks.. sure I am not advocating personal attacks but sometimes matters go in that direction..and maybe even for good reason.
Also, sometimes on a personal level I come to a conclusion that some members in these here parts are acting in bad faith or in disingenuine ways, and sometimes with the passage of time, I come to change my mind about them.. but I am not going to shy away from attacking members who sometimes might show these kinds of tendencies.. I have been attacked in the same way, and I don't necessarily find it problematic because I believe my post history speaks for itself.. and sure, I will concede that there are sometimes that I do go at a member a bit stronger than warranted.. but I am not willing to concede that my recent going at ImThour is not warranted.. at least not so far, even if he has put out a few seemingly bullish /informative posts in recent times.
If I had an "extra" house, I could have sold it in 2016 too as I was trying to invest as much as I could (within some strict limits), but selling the house where I live-you have to be a bit more adventurous-like the Taihuttu dude (he sold the house when btc was $900, became a nomad with his whole family).
In any case, selling a live-in house to try to gain a bit of leverage is probably beyond most people. I have seen a couple reports like this, but usually it was a second house of a house that was inherited.
I have thought about this for a long time.
If you have no family depending on you and you do not have a partner it is a good idea. Sell the house for $300k buy a small camper van to live in so I am not homeless and travel the country by setting aside 10k by the time I have traveled all states I would probably profited by at least 1.5x.
280k x 1.5 = 420k
that is the minimum i think it rises it probably would be 2x
I could move into a house bigger then I have now for 1-2 years of living in a camper van. I would not need a mortgage and if a short time I would have improved my lifestyle forever
I am not going to completely poo poo your idea, but there is likely some need to consider the matter in a more broad way - because ONLY so many people will be in a position to be able to do something like what you are suggesting.
I do believe; however, there is quite a bit of value in engaging in a variety of ways to calculate ways that you can be relatively aggressive during the period in which you are accumulating BTC - but the period of aggressive BTC accumulation could well last over 10 years.,. sure, some people might be in a position to aggressively accumulate in a year or two but again, we should attempt to be considering a large percentage of the population when we are considering ways to shave some of our costs or to increase our income in order that we can accumulate bitcoin.
Another thing is that a house may well not be a bad place to put value, even though surely some people are over-housed depending on where they are in life so some people do get way more burdened by owning a house than they are benefitted - but in the whole scheme of things, real estate is not a bad place to hold some of your value... even while you might be in the process of aggressively accumulating BTC.
By the way funsponge, even if we look at your timeline specifically, you have been registered on the forum for about the same amount of time as me, so I am pretty familiar with how bitcoin has performed during that time, but for sure, I cannot really know your personal circumstances.. so maybe you might not have been in a position to accumulate a lot of BTC in your early days registered on the forum.. but even a $10 per week accumulation might have put you in a pretty decent position with around 3 BTC currently, depending on how consistent that you might have been in your ongoing BTC accumulation, and of course, a $100 per week could have put you in the ballpark of around 30 BTC currently.. which surely would not be a bad place to be.
So part of my point is that with bitcoin historically serving as such an asymmetric bet to the upside there have been ways for any of us to have been able to put ourselves in a pretty decent financial/psychological position without necessarily going to extremes.. and really I do not assess bitcoin as a worse investment currently as it was in early 2014.. even though some of the Upside has been taken away with our around 50x in the market cap during that time.... In past year and a half or so, I have been telling people to minimally start investing into bitcoin with $100 per week, even though historically I had asserted that they should minimally start with $10 per week. I do understand that not everyone is able to afford $100 per week, so each of us should be doing what we can... and if we have been in bitcoin for several years, then at least we already have some kind of a bitcoin base, even if we have not yet reached our BTC accumulation targets or something like what we might consider as fuck you status.... but we also can recognize that even if we made a lot of mistakes along the way and we might only hold less than 5 BTC, but even 5 BTC is likely to constitute fuck you status within the next couple of 4-year cycles...
In some sense, I am merely suggesting that merely engaging in ongoing BTC accumulation does not necessarily require going on limbs such as selling your house, even though there could be some practicality for some people to go down such a road, especially if they have some mobile aspects like you mentioned... and especially if they might feel that they are not really losing anything by going mobile for a few years (I believe a minimum of 4 years remains a good framework when thinking about any lump sum investment into BTC that any of us might have made - no guarantees, either) while they continue to accumulate BTC and also let their purchase of BTC (from the proceeds of their house presumable) play out.
Poll
