-purchases below 70 *can(could) start in January.
*According to the old legend, mini Chinese who work inside the mines, keeping them running, which after being well used, are sold to consumers in the rest of the world...
...And they will spend it to celebrate January 29th!
-if it's not that, it's something like that, I think...
I think that you are going to have fun staying poor if you are holding out for sub $70k in January or even any time after that.
We might be getting back into bettable territory.
Are you up to it?
Probably not... since you are fantasizing rather than willing to put money behind your pie in the sky thoughts.
I made my first monthly DCA buy now that I have a program in place and the price has retreated a bit from the all time high. I look forward to making this a monthly thing over this next cycle to make sure I capture the lows as we roll into a bear market. Somebody has to buy now that MSTR is talking usd dividends…
Today, I purchased 0.01442786 BTC for $1,246.38 at a price of $86,387.03 per BTC.
hmm pretty good for you.
I did a lot more in the 81-89k range the last few weeks.
I will sit back and see how the world treats BTC for the rest of the month.
I know the feeling of being sufficiently stocked up within a certain price range...
So, yeah, the passage of time (such as a whole month) can help to allow for a revisiting of the situation.
No one can really answer the balancing question for anyone else, since each of us are limited in our budgets and what we can do based on what we have, what we have coming in and what might be our various expenses in the near term or even our expected expenses projecting out.
90 on the menu
Bears shitting their
pants panties 
FTFY
We're largely back to where we were upon the end of the month dumpening.. Wouldn't that be an upsidedown bart?
Could be. Could be.
90 on the menu
I am hungry for 101
Wacha gonna du?
Sell some?
You are likely correct that some of them are just more levered, and I don't give any shits about those - even though surely some guys were drawn to desires to get more levered in their bitcoin position.
The fact of the matter is that I am not really interested in any of the MSTR products at the moment, yet if there are guaranteed payments, then those could be ways to attempt to get some kinds of an assured income stream from bitcoin and have differing accounting and/or tax treatments as compared with our selling our BTC and or maybe borrowing against our bitcoin.. or maybe lending out our bitcoin.
I recall my participation in the MSTR thread, and some members pumping up those MSTR products as if they were superior to holding bitcoin, and even some members rolling their eyes at me when I was saying that I was participating in talking about the products, yet i was not buying any of those products... and part of my own rationale has been my presumptions that holding actual BTC is better - even though surely there were periods of time that guys could have had gotten multiples if not magnitudes of returns over bitcoin by entering and exiting various MSTR products - and from my own perspective, bitcoin has been bery bery good to me.. and so I see no reason for myself to try to get returns that are better than returns that I have historically gotten or returns that are continuing to be likely to be coming to me (and anyone else who is in bitcoin or gets into bitcoin) merely by holding bitcoin and especially holding bitcoin in self-custodial kinds of ways.
I understand your position but want to emphasize dividends are
never guaranteed. Nothing ever is of course, nor are debt holders, but equity holders are literally paid
LAST after everyone else. Preferred holders are only one step higher on the capital structure and as said both equity and preferred non-payments aren't even defaults and fully allowed.
Saying he guarantees such payments are just words and as best a declaration of intent.
Many of us work our whole lives and we seek a kind of guaranteed payment, and there have frequently been products that are structured for us to buy them and then they make assertions regarding how much they are going to pay (or guarantee to pay) for a period of time (that is presumptively the rest of our lives) or even indefinitely and can be passed onto heirs.
When guys enter into relations with their financial advisors, traditionally, they had been likely striving to structure their various assets into various products so that they can at least pay out 4% per year and never end up getting depleted.. so there is both an implication that the underlying is performing on average equal to or greater than 4% and there is also a certain level of presumption that the denominator is not changing along the way, even though many of us in bitcoin are likely coming to realize that the level of debasement of the denominator is and has been greater than we might have historically considered it to be.. many times presuming ONLY a 2% debasement of the dollar in the west and surely other currencies have debased at even more of a larger annual rate than the dollar in the past 30-50 years.
And if you are/someone is looking for diversification this isn't it either because exactly when the bitcoin price is depressed it's most likely Strategy won't be able to pay.
I had given some scenarios in which only small percentages might be placed into something like MSTR.
I personally consider that my own bitcoin sustainable withdrawal ideas are much stronger, especially for guys who have a cushion.. yet even sustainable withdrawal could still work out quite well, even for guys without a cushion.. and yeah of course nothing is completely guaranteed, which frequently is one of the reasons that guys will make sure that they have sufficient and adequate cushions... so that there investment is still growing, even if they are living off of it and ongoingly withdrawing from it... so the underlying principle is likely growing faster than the withdrawal rate.
For more "guaranteed" cash flows go higher up the capital structure. In general, the lower the risk the more guaranteed the cash flow is but the lower the return. Triple A short term US debt is likely the most guaranteed cash flow you can achieve (denoted in USD of course).
My advice? If you need income from your bitcoin sometimes sell a little (or spend it directly).
Sure. I already have presumed the use of the bitcoin holdings as the best and most preferable strategy, especially getting to overaccumulation status that is sufficiently large to account for a variety of circumstances, yet there can also be other kinds of cashflow sources, especially for periods that bitcoin is down and maybe there might be preferences to not draw from bitcoin during down periods.
Other sales and reinvestments are for diversification only and should be judged on the quality of the investment and correlation to your other investments, not whether or not it produces a cash flow (irrelevant). Again: unless you have tax reasons to deviate but that depends on where you live.
Guys may well have a variety of cashflow systems that follow them into their old age, and some of them might be "guaranteed" under the law (of course, until rug-pulled), and others might be based on private systems.. and so some of them might be considered to have withdrawal rates that are traditional (such as 4% per year), and then others might have higher withdrawal rates. I personally think that bitcoin is sustainably withdrawn at 10% of the 200-WMA dollar rate... and, surely guys could consider withdrawing bitcoin at a much lower rate so that they are not depleting it faster than it is growing.
If we have a pool of various funds or a diversified investment portfolio, we could choose to withdraw from all of them at the same rate (for example 4 %) or we could adjust our withdrawal depending on the asset... and yeah, we may or may not end up getting them correct.
Over the years, I have already had some asset funds that I have been withdrawing from and most of them are not bitcoin related, even though I have had some systems in place for withdrawing from bitcoin too. .both price based and timebased... which I largely outline in
my sustainable withdrawal thread, even though over the years, I have made some changes in my own thinking on the topic too.. even though largely I have various systems in which I practice what I preach..
You may well have your own ideas in regards to how much you would like to allocate your own assets into various kinds of products, and there is quite a bit of discretion in these matters, especially if some of the items might not even be the expected primary source of income... Any of us might have various forms of income and we might even have some forms of income that we might considered to be largely guaranteed, even though we may well also recognize that they are being ongoingly debased, so their payouts might be the same (or even increasing on an annual basis in nominal terms), yet we still have to account for our costs of living and/or changes in our cost of living in real terms and not in nominal terms, and there surely can be cases in which guys have way more money than they need in their old age, and the worse situation would be to outlive our money, which we likely need to have various hedges in regards to the dangers of outliving our money.
I am not going to claim to know all of the answers, even though guys have to make these choices for themselves and/or through the help of investment advisors who are hopefully not steering them in a wrong direction.. Another thing with having extra, it is a good thing, yet even with bitcoin, we might need to have some cautionary aspects in regards to how we are custodying it, and even guys who might believe they have all their shit figured out, they might need to have some back up plans that entrust information to other folks, in the event that they might want their coins to be accessable upon their death or their incapacitation.
Poll
