With this BTC drop, I'm considering it might be more prudent to postpone retirement until Q2 or Q3 2018
((( They ))) ain't getting my coins cheap.
Fuckers.
Jimbo might have to postpone his trip to Mexico.
I am not postponing shit. I still think that we are 3x to 4x above where any of us could have reasonably expected us to be within this same time period, even 6 months ago.... What is a little correction in the whole scheme of things? We be lookin good, no?
At 19000 I could have retired. At 13000 I can't even buy a cat.
Who would want a cat, anyhow? A cat will eat your corpse, but a dog, on the other hand, will be very sad upon your passing.
O.k. Let me try to be somewhat serious here.
You should not be retiring on your bitcoin proceeds anyhow, unless you have a bit of a cushion. That cushion can be created by cashing out or just merely considering extreme downside possibilities.
Remember that we were $1k at the beginning of 2017, and yeah we could go back there, but it does not seem to fucking likely. Therefore, extreme corrections are not too likely to bring us below $3k. So these days, if you are planning to retire, in part, based on your bitcoin value appreciation, yet without diversifying out of it, then you gotta be prepared for $3k and therefore, still be comfortable measuring your BTC value at $3k per coin. Personally, I am o.k. with that, and that is why I said that I am not postponing shit.. because I find it quite improbable that we are going to have any lengthy time below $3k, if at all.
So, I guess I am saying that we gots to keep in mind cushion when making these kinds of decisions.
