sub $10k = 2%
$10k-$20k = 6%
$20k to $30k = 12%
$30k to $40k = 18%
$40k to $46k = 23%
Total percentages for downspike scenarios: 61%
then hopefully you are able to line up your BTC buy orders in accordance with your assignment of probabilities accordingly. So of course your numbers might be different than the ones that I have described above.. and maybe those are approximations of my own? Don't get me wrong, the fact that I might concede a down spike having 61% odds of happening would not mean that I would necessarily consider any of these to be sustainable or even BTC's likely direction, since I still consider that we are in a bull market, but there could be some questions regarding how much more downward movement might happen, how long it might last, and then if such additional down does end up happening, then does such down change the odds of more down or take us out of the bull market after a certain price range or duration in being at such price range.
My lowest order is actually at 20000$.
O.k. I suppose that we might be in a similar spot in terms of our current choices regarding our balancing of our actual preparations... sometimes my orders will be in alignment with the maximum downside prices that I believe are possible, and other times, my orders might fall short, even though I might consider that if the price goes below my preparation area, then I may well need to garner some more money, but I am not going to be psychologically devastated because I had already mentally prepared for that the price might go to some lower point even though I had not dedicated finances to such extreme scenario(s).
Why do you only allocate 61% and not 100% ?
Of course there is a little bit out of my ass in these numbers, and maybe I should attempt to be more granular.. but in some sense the other 39% (that I did not assign within that list) would be ascribed to scenarios in which there was never any spike down below $46k.. so I do realize that my retaining 39% in reserve for the possibility that their is NO down below $46k (even a spike) might be a bit too big of a probability assignment for that scenario, and maybe I was ball-parking the whole matter a bit too much.
A few days ago, when I attempted to
assign my then probabilities to the BTC price range in which the top will be for this cycle and when the cycle will end, I made sure that the answers to those two questions each added up to 100%, and of course both UP and down were included (while focusing on UP), but the question was different because of talking about where the top might be versus the question that I was attempting to answer in my post to you in regards to where I was estimating the bottom might spike down to (and would ONLY necessarily need to be temporary.. but of course, if the BTC price really did end up going down into some of those lower ranges, then there might be a need to reconsider the assignment of probabilities of where the bottom might end up spiking down to).
Why do you only allocate 61% and not 100% ?
39% are upside scenarios?
Yes, correct... my ballpark estimate of the upside is more or less what I had considered the remainder of 39%..
I did not sell any btc to increase spending, but had to make some moves in a couple of unnamed alts that had obscene gains in 2021.
House remodeling is expensive.
My bitcoin stash keeps accumulating (slowly) due to mining rewards.
For those of you who like viewing some expensive RE (I have to say that the buildings themselves are amazing from the engineering perspective), check out this, although this is probably out of reach for almost everyone here...but in 10 years...who knows:
https://www.youtube.com/watch?v=Wehsz38P74gIn New York?
OK as your second or third home, I guess.
maybe..the vibe from a promoter/re agent was that this is like owning a Picasso-something very unique and there are only about 400-500 apt total in skyscrapers like this (in NY).
That's part of the quirks about any realestate, no? Sure, part of the value proposition will be location, location, location, and there will be both subjective and objective aspects regarding how much that real estate will be, and it also seems that if there are more people who agree about the location and the view and the convenience, then it is going to be easier to charge a higher price for it and potentially it would retain its value too.. but sometimes when the property is under various controls of others, then there could be future developments or happenings that increase or decrease the value too... so you may have thought that the luxury condo on the 65th floor in billionaires alley was going to be able to sell for x * 50% in 5 years, but maybe it ends up that the single family home with a view on long island ended up retaining its value much better.. and there were fewer parties involved (even change of ownership of the overall building and some of those contractual relations therein.. who wants to end up in court or in a class action law suit or find out that there was some other nefarious happenings that ends up bringing down the value of the condos within some of those properties.. maybe some suffer bad fate and others end up weathering the various future happenings better).