I love you two. I believe in bitcoin. I admire your balls and resolve. However, sometimes, I do think you have been at the crack pipe
The funny thing is we are super conservative in most things. Never gamble, don't even drink and I don't think I have ever even seen a "crack pipe" and as far as investing in anything, I am super cheap. (BitchicksHusband is not as cheap and likes nice vacations as well as "quality" over quantity) That said, I think taking this much risk in Bitcoin would seem out of our character from an outsider's point of view. It is just that we believe in it that much. Part of "faith" is being certain of things you hope for. We are actually fairly certain at this point that Bitcoin will at least have another rally, or two or three. I think we really feel like there is little risk vs. reward here. And if the worst thing that happens with buying more coin this past month is that the kids miss out on a Summer trip to Disney World, oh well. It is hot and humid in the Summer there anyways!
I agree that its fairly certain that holding BTC for the long term is savvy move. The rewards will take car of themselves. The risk however I think is something you have to actively manage. I agree no holiday to Disneyland is not a bad thing, even though I'm probably more like your husband as I like a nice thing or two (I stick to the small luxuries though, nice food & drink etc). Over time I've come to see value in ensuring I don't (year again) end up in financial ruin - even if that means sacrificing a percentage of potential future returns.
I say all this with the warmest of hearts, purely from a place of concern for my fellow man (and chick). I'd hate to see that one in a million failure scenario wipe *anyone* out least of all you guys.
Who knows 10 years time we might all meet up in Risto's castle, I'll bring my bitchick and chicklets, and laugh at how I ever doubted it
The only thing our investments will wipe out at this point is BitchicksHusband's early retirement plan, our trip to Disney World, and extra funds for my mission trip to India in the fall. We haven't mortgaged the house or anything really crazy. Pretty much life will be as boring as usual if Bitcoin fails.