I just got my Coinbase Visa card and I tested it with a small POS purchase. It is working
This is a huge relief for me, since SEPA transfers from exchanges takes several days and some banks are declining them. My situation is such that I have to use 2 banks and thus I have to wait at least 2 days to receive the fiat. So I'm no longer afraid that there will be an unforeseen expense that I have to make within hours or days. Naturally, what I am going to do next is to buy bitcoins with all my saved salary after the taxes and fees. Then transfer almost all to my cold storage and keep some very small stash in my Coinbase account. From there, I can immediately transfer to the Visa card and make a purchase.
This provokes some thoughts that I want to share with you. I know that I am at the very beginning of a long way that the hardened hodlers have taken. So some of the things will be very familiar to them, I guess.
With each year of hodling, I feel more confident that the best way of living for me is to think about everything in terms of Bitcoin, not fiat. I mean, if I choose to sell a bigger part of my stash, it would be not for some impressive amount of fiat, but for something that will change my life. As the years pass by, I find that I have less interest in the current price and less heart jumps when it falls.
I am thinking seriously about a new place to live, with good climate, healthcare, etc. Hopefully, where to find really good people and true friends. Unless I have a clear idea of what I want and how to achieve this, it is pointless to sell for some fiat shitcoin. Whether usd or euro, it will lose half of its value in terms of real estate in a few years. I need to travel more and visit some of these possible destinations. I have to study these places if I can settle there and have a better life.
The only problem that I personally have is that unless Bitcoin catches up Gold in the next years, I won't be able to achieve this with my current modest stash. So the solution is only one - DCA. Slow and steady do the job. For the last 2 years I've increased my stash with 30% only relying on DCA. I think that another 50% increase in the following 15 years is possible, if the price is below Gold's of course. And if I keep my good although low paid job (internationally speaking). So I am thinking of waiting 15-ish years for an early retirement and to start spending what is needed for the new life. By then of course there will be no need for fiat mediator, a direct buy of real estates should be possible everywhere much sooner
Having said that, it would be better hypothetically speaking, if I could predict a bigger bear period to increase my stash by just one sell and rebuy. It would be a serious temptation not to sell something, if for a few weeks we make 4-5-6x increase whithout a correction. But in all other scenarious of natural growth, I think I will have the strenght to remain calm and not to sell.
Seems to me that you have engaged in a lot of good introspective and personalized thinking there, and some of your plans have evolved a bit over the years to become somewhat more solid and specific because you have spent a couple of years in a kind of solid BTC accumulation mode with a better idea regarding how your BTC stash is building up with the passage of time.
You also have established a pretty decently solid projection regarding how much BTC you should be able to accumulate over the coming years and even tentatively projecting out your balance for 15 years in order to have decently good chances of reaching your personalized version of fuck you status goals.
Surely, seems reasonable to me to be projecting out 15 years, because a lot of people take 30 years or more to attempt to accumulate for their retirement (or fuck you stash) and still after 30 years have not accumulated enough of a stash value in order to actually be able to meaningfully follow through with anything close to the level of comfortable retirement that they were anticipating.. and sure sometimes goals have to be tempered down in order to account for the reduced value of their investments and their failure to really establish a sufficiently large enough investment stash.
Sure it is possible that BTC never reaches gold parity, and maybe still you will not have been a failure in having had counted on BTC, but instead had a bit more modest of a bitcoin stash value than expected. Maybe it would not be bad to consider a scenario (not saying that it is likely) in which BTC kind of tops off in the $100k-ish arena... that is still nearly a 10x appreciation from today's prices.. so wouldn't it still be possible to work with something like that? Even if it is more modest than expecting?
Overall, it seems that odds are pretty decent that BTC is going to meet and perhaps double gold's valuation in the coming 8 to 12 years, and maybe 16 years on the outside range of that.. and of course, none of those kinds of price performances are guaranteed, and you know that, too.
I personally do think that shaving off some profits on the way up could well be a good idea (even if you are feeling that you are too much in a kind of ongoing BTC accumulation stage)... especially experiencing a scenario of 5x to 6x in any time period that is less than 6 months would likely be a sign that a bit of shaving off profits may well be prudent.. even if that is only shaving off 5% or 10% of your stash.. but yeah, if you continue to shave off too much of your stash before you are really ready because you are betting on an upcoming BTC correction rather than being willing to leave those shavings behind, then there could end up developing a kind of cumulative effect that causes you to conclude that you had been selling way too much BTC too soon. So in that scenario, if you were to shave some off, and then you shave off some more, then pretty soon you start to feel that your stash is quite shrunken, and you are then hoping the BTC price comes back down below your selling points in order that you can buy back.
Personally, without actually seeing your specifics, I am thinking that you have developed some fairly decent skills at projecting out various possible BTC price performance scenarios, so you should be able to project out a few different scenarios and be able to find some kinds of balances in order that you are going to feel comfortable with your chosen quantity of BTC sales under those various scenarios and you are NOT going to transform into a kind of desperation state because of selling too much BTC on the way up... If you are not able to project out those kinds of scenarios, then it would seem best to error on the side of selling lower quantities of BTC on the way up... presuming that we go UPpity, at some point.
Another stimulus package would only drive up inflation all the more.
