I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair.
my denial is in a different form....'everything' is a bubble...the stock market is next....a normal recession/correction is 20% with Trump and other issues in society ..I expect at least
a 40% recession...thus IF BTC is a store of value like Gold...MAYBE..it will simply, when the above happens, simply go sideways in price or up yet (like gold maybe)
So ..figured my retirement (traditional) and crypto (best guess at say 3k BTC) and knock wood ...stay out of debt..income is no worse than it was before I was in crypto...
so calling it a win and moving on...
again, too much weird ass, denial crap, in society and business and gov't going on ...sh*t IMHO is going to hit the fan..
If I'm wrong, I'll have 2x the money I expect in everything and will be pleasantly surprised
but...really not thinking that is gonna be the case
(could be worse....w/o crypto I would not have retired 3 years early and thus not be able to whine about above..man would I be frigging freaking out if that was the case...
likely to be pro-active I'd be looking for a 2nd part-time job on top of full time job..just to be proactive...so shudder..it is not that bad for me anyway....crypto 66% dump in
price or not
my 2 satoshi's
brad
I think that I understand what you are saying.
If you retired at $10k per BTC, and you calculated that you need at least $1k per BTC to be safe, then right now, you have 6x the minimum, but if you needed at least $10k to be safe, then right now, you are panicking.
So the situation is a matter of perspective and proper planning, rather than getting pissed off about a current price that it still quite a good price, given where the price was at 3 years ago (at $250-ish) or 2 years ago (at $600-ish) or even one year ago (at $2,500-ish).
yeah, more or less worse case scenario is what I was doing above...IF crypto has legs and BTC etc and does NOT go tulips..it will be hard for me to fail...even if it goes 'tulips' and all
is worth nothing... I retired 3 years early due to crypto so wtf...
so just 1/2'd everything.....and HOPE BTC acts like gold and goes sideways in price or up on such a dire situation...and even with that .same income as when I worked...used
crypto (now) to bridge the gap till at least 65 (can use IRA $$ from work at 1/2 value to get thru last year to 66..65 has Medicaid that is a 14k no longer health insurance bill for the year)
and again.traditional investments (beyond the above IRA I could use as a stop gap) and i can burn all my altcoins and the worse case still keep BTC hoard left and no change in income
all the way thru...assuming ... I still have no debt as of now
so ...if it is no worse than the above....as long as no debt I can 'boringly' chug along and my previous 30yrs more or less buying power for income per year..save the BTC hoard
for better times...and if it all goes tulips... I have a plan to make a shelf covered with tulips with paperwallet btc wallpaper and a couple ASIC miners ...as my 'shelf of shame'
(always best to have a backup, denial self...IMHO)
So, with that figured out...less angst and more WTF I have no idea what is going on with crypto/society/politics etc...and can hopefully just ride the whole mess out
again, too much angst, we are gonna get hit with a pretty hard recession IMHO, thus if above is the floor/bsmt hopefully I'm pessimistic and it is all up from here
the main thing is stay retired..for next 2.5 years or some such left...anything else from that is gravy in these uncertain times...even if I have to burn all my crypto and BTC
till full retirment ...not working for dicks will be a 'reward on to itself' ....(perspective)
brad