We are too squeezed-in for really big moves.
On one hand, dump to 8xxx looks like almost 100% sure thing, but so what...
Surely we'll recover by April. No biggie.
I used to panic by such moves but I don’t care any more. The end result is the same - MOON.
I am guilty of wishing my life away until late 2021 though when the next parabolic rise is expected. Anybody else the same?
Not me.
For several reasons:
- After being deluded in december 2017 into thinking that I could be "financially independent soon" (tm) and then receiving a hard blow to my hopes by the subsequent crypto winter, I learned not to take anything for granted. Even if the possibility of reaching that point is still there, I need to be fully aware that it could take an undetermined number of extra years... or never come.
- I also decided that the time, attention... and expectation I was giving to it would all be thrown to the trashcan if my hopes don't materialize so I needed to involve myself in other new side projects that would suck most my (already limited) time in the meantime. Projects that will fit either if my "crypto hopes" materialize... and that also will somehow fit if it doesn't. Main of those projects is the "vacation" house and land I bought last year and that needed some upgrades that I am mostly doing myself. If Bitcoin does good I will use some BTC to cancel the mortgage and THAT will be my "lambo". If it doesn't, I will maybe have to sell the house (most probably at a profit) as I can't stand the current deficit cashflow for many years... but if Bitcoin does well I will have already finished what I wanted to do (on a personal level) with the money.
- As I have decided to plan for both possible scenarios, that means more work and thus more time needed. When this ends, hopefully successfully, I will not only have "da money" but also my free time back as I am anticipating and doing all the hard work now.
So no, I decided to keep me extra busy and stressed in the meantime instead.
Hopefully your chosen balancing will all work out, bitserve. Of course, you realize that you purposefully engaged in a bit of overextending, which remains a gamble, and both screws up your present cashflow and kind of banks on bitcoin outperforming - in the meantime, you have yourself a way out, but you also have purposefully decided to buy less bitcoin because of your property investment.
Of course, if we have been around the block a few times, we understand that there is no get rich quick scheme that is assured, so in that regard, we have to hedge our bets in various direction and hope that in the end, the various bets sufficiently pay off to get us to a place that we would like to be.... while making us comfortable enough regarding living with the path that we chose to attempt to get there.
