I just came by to say hi. It's been a busy 10 days for me with a business trip. I had made some plans during the last bull run and I started pursuing them. Firstly, I realized that no matter how rich I'm, I will need to have a job for various reasons. For example monthly expenses, retirement and so on. And my job is very good, it is like a hobby - part time with above the average salary and 5 months of paid vacation yearly.
I entered Bitcoin world thanks to the gpu mining and soon after I became a strong hand Bitcoin hodler. At times being more than all in. I was confident when we fell to 3K in 2018 that I even took a bank loan to add some more corn to my stash. But now the mining is not profitable and I use my rigs only for heating. Since I continue buying Bitcoin, I decided to look for a better job in a bigger city which is one of the most beatiful cities in Europe btw. Luckily I was approved and I went to sign the part time contract for the first year. If everything is OK, I will sign a permanent contract next year. In the meantime I will keep my current job, which means some travel, but I'm okay with that. I transferred some cash before my travel, and each day I bought some. I didn't care what was the reason for the drop, I always buy first and then read. (FTX, what the heck is that, I don't care!) Every crash empties the exchanges and opens the door for the next massive bull run.
In general I follow the DCA strategy, but if shits hit the fan, I buy more. For example, my ratio Bitcoin/total savings is currently 77% and I plan to reach 79% in the next 2 years. If shit gets bigger, I can get close to 90%. I have the firm belief that in the next bull run, no matter when exactly it will happen, the price should reach 150K. My SOMA prediction is 168K top of the next cycle. Anyway, I know that the good things won't last forever, so the usual stuff will happen after some time in ATHs territory - Chinese communist clonws will pannic and start spreading their FUD banning Bitcoin, putting in jail the users of VPN; Feds and EU bankers banning Bitcoin for its POW; the new harvest of fools trusting crooks with their savings will emerge again, new shitcoins pumps and so on. And then new bankrupts will come starting the next bear cycle with lows under 100K.
But no matter what the top will be, I will sell some of my stash above 110K with a gradual percentage increase to have enough to buy a house in the new place. I can always buy a cheaper one or postpone the buying and use half of the fiat to rebuy back the same amount of Bitcoins if the price falls 50%. I developed a software that helps me a lot in all kinds of market scenarious. The trick is to re-finance my Bitcoin debt by DCAing with the new income no matter the price. Despite rebuyng higher in the last year, now I buy lower, i.e. I would have more bitcoins with my current fiat, although I spent some to buy a lot of stuff - computers, music gear, etc. And this is quite a new and pleasant experience for me
And as a priority, Bitcoin will always be first, compared to fiat. So I prefer increasing my stash than having some spectacular savings. With the exception of the fiat for the future house of course.
P.S. I'm sorry for the JJG style post, but it won't happen again soon, I promise! And I had to patiently read 40+ pages backlog, so I'm excused
As someone mentioned, thanks to exphorizon etc. ignored spammers for making my task a bit easier.
Poll
