Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31706. (Read 26608616 times)

Thanks for the answer.
It's weird because I have executed a wire Wednesday too and that one was credited yesterday.

I have done something similar, I save a few hundred pounds a month and decided instead of saving and buying coins as I go, I would stop saving and take out a loan and put the loan into bitcoin, I just missed the <$150 boat by 3 days otherwise I would have paid off that £10k loan easily. It's cool though, If bitcoin crashes and burns, 10k is something I can handle to repay and learn as a life lesson, especially when the opposite (bitcoin going to da moon) could allow me to retire wealthy within the next 5 years. Risk assessed, accepted, coins purchased.

No.

This is very risky, yet the odds seem to be good. For me, going into any sort of debt, or obligation to get BTC (or anything else, which I don't need for immediate survival) is unacceptable, so I wouldn't do it.

I would, however, throw all the free resources, which I can afford to lose without the loss causing financial or emotional damage, at BTC

Alternatively, just treat BTC like an experimental savings account. Keep saving a part of your income in it and ride the choo-choo train!

If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)

Monday I executed a wire at Bitstamp and I still don't have anything credited on my Stamp account yet. Am i the only one in this case?

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?

It is not that simple

- "My" holdings are held through multiple organizations, which also have other stockholders, and they all have their different targets for investment allocation.

- Then there are arbitrage, OTC, and exchange operations that require fiat capital and are more profitable when there is high volatility, prompting to have more fiat at those times since it generates more BTC as the arbitrages are juicier (while also providing hedge against catastrophic loss when most needed).

- Then there is our family target of having a balanced allocation of crypto, precious metals, RE and other. Since crypto is the only one that tends to appreciate, if I sell too much and the price-chasing does not work, the situation corrects itself naturally and soon I am again looking for a new bubble to sell into.

=> If I make a move, I do it based on thorough analysis (thousands of lines of Excel data and hours of analysis before this one), have considered all the possible outcomes and assessed the probabilities, found a positive expected value (where the value function is a complex aggregate of all the goals of the different actors whose wealth I manage) and a bearable worst case. Then I see how it unfolds, and pocket the profit or loss according to the plan.

If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.

If it goes down, then my greatest pleasure is that my market analysis was correct, and I also get to cash out a small amount of fiat, and keep the bitcoin count the same or even slightly increase it. So this is also profit.

With bitcoin, you cannot actually lose, that is the beauty of it    

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?

To get a loan - or not to get a loan.  That is the question.

I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds.  So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan.  I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean).  Is this a risk too far - or a no-brainer?