The year is 2021, it’s November & the cold, dark nights are starting to close in & 1
BTC is $154,000.
Most of the WO’s have cashed in a significant % of their BTC. It’s been a crazy roller coaster since the end of 2020.
Boblawblaw is chilling on his ranch, wiping his ass with $100 bills.
micgoossens married cryptoqueeen in the Maldives, he owns 50 Michelin Star Restaurants across the world.
JJG regularly drives his Lambo around LA, banging chicks & doing blow.
V8 lives in a $12,000,000 countryside estate.
......................
Fill in the rest
I hate to be a party poop or to throw any monkey wrenches in your scenario, but even at a hypothetical $154k, I anticipate that my personal wealth would still mostly be in BTC (like in the supra 90% arena... I am talking about the portion of my wealth that is already dedicated to BTC.... that portion would not really convert out of BTC too much, even though I would be selling BTC all the way up the ladder at about 1% for every 10% BTC price rise), and even if the BTC price were to shoot straight up to $154k, which would be the most blow-off-top kind of scenarios to justify selling larger portions of BTC, my current anticipated system still shows that I would have only sold less than 10% of my BTC stash.
So, in essence LFC, I am taking issue with the portion of your post that I have bolded above: "Most of the WO’s have cashed in a significant % of their
BTC"
Many folks here likely realize that around early to mid 2017, I had already transitioned my BTC selling/hodling system in such a way that I really cannot justify selling large amounts of BTC on the way up. Yeah, of course, I systematically sell BTC all the way up, but even those relatively small percentages of selling of BTC seems to generate way the hell more fiat than I really want to deal with or that I want to liquidate or diversify into other investments or whatever.
Surely, I could make an exception to my already established BTC selling plan, especially if we were to experience a blow off top (which largely would mean going straight up from here in less than 6 months), but dragging out BTC price rises of 18x from current BTC price to $154k by the end of 2021 surely seems like a mild blow off top in the whole scheme of things, and in that regard, I see no real reason to change my system in any kind of playing BIGGER kind of way because it seems to me that under such a 18x price rise from here, I would have plenty of money under such a scenario, and of course, selling large portions of BTC kind of assumes some justification to NOT lose significant wealth or an ability to either buy back BTC lower or even a need to obtain some additional fiat liquidity in order to transition to a more baller kind of lifestyle.
Seems to me that merely staying with my current system and anticipation of incrementalism, I would be able to engage in those kinds of more baller activities that you mentioned without really deviating from my already planned system, even though never say never because there could be some desire (possibly) for me to want to diversify out of BTC a little bit more for some currently unknown reason upon achieving another 18x price appreciation from here.
I surely don't presume to know all of the various scenarios, including if there were some kind of reason to add yacht or personal private jet in the mix, then of course, a few more BTC would need to be liquidated to employ such a supplementary / enhanced baller scenario.
But, overall you are correct that $154k would be a nice little BTC price bump, even though in some sense, such 18x price bump from here and in around 24 months-ish (to late 2021), seems pretty damned modest and reasonable considering the historical levels of BTC's price bumps and even assuming that future BTC price bumps are going to become somewhat more modest than they have been in the past.
For example, consider our most recent price bump from late 2015 to late 2017. I consider that to have been about a 78x price bump, and others consider it to have been higher than that (more than 100x if you calculate from the low of $158, rather than from what I would have considered to have been a more reasonable $250-ish base). Anyhow, even considering the 78x of that price bump as being a reasonable approximation, a projection of 18x for our next possible price bump seems to be more than within a realm of reasonable bullish exuberance.
who the hell knows) the BTC price and infrastructure will have
