Someone convince me not to take $100k USD/BTC ($75k USD, after-tax) profit, next time the corn crosses $10k USD/BTC.
Thought that might be a nice little bonus to add to our home-maintenance account; Rick manages all our household expenditures, and looking to make sure our joint account is nicely stuffed before he retires. Stick $x amount of cash in the house account, dump $y dollars back into my "traditional" Rainy-Day fund, and then sort sit on a little bit in cash, for reasons I can't articulate right now.
I mean, we really don't need the money, but it's always nice to materialize bonus-fiat from these whackadoodly crypto-thingies swinging around wildly. Rick is more like "I don't want to count my chickens, dude. All these crypto dollars don't exist to me until it's realized", and I'm all like "But dude, I believe that the 2022 timeframe will be worth waiting for, before we consider dumping a chunk for our ranch endeavor, plus extra gravy". So, yeah. Happy medium with selling off a small chunk of 10 corns ?
Napa was wonderful this weekend. Beautiful weather, sampled some amazing wines. Almost overdosed at Mustards on Onion Rings and their Burger with added bacon, mushrooms, and cheese. The coupe de gras was when Rick recommended I put the onion rings onto my burger, and, well, I damn near blew chunks after stuffing down the burger - Had a good 5 minutes of crippling meat-sweats, trying to get my breathing and gut under control after downing the last two bites.
Sampled some amazing 1987 reserve from some fancy winery we flew out to visit, and it was practically all down hill from there - Nothing was going to top that '87 we drank, so I stuck to beer after that. Napa Valley produces some absolutely spectacular stuff - Mostly Cabs, if people are looking for something new to try, and not familiar with the region.
Rick and I are going to make it an annual thing, to visit during harvest season - to celebrate releases of new vintages.
Upward and onward, corn !
You surely have a tendency to think in extremes. If your partner is pushing you to realize profits, then yeah, you can just realize profits, otherwise, just cash out a small amount each quarter until we reach 2022 or whatever other BIG cash out that you are planning upon. You can cash out incrementally between now and 2022 at whatever BTC price rather than attempting to time the market.
Let's say you are tentatively thinking about $100k now (or at $10k) and $2 million in 2022. You are kind of waiting for the 2022 period because, like many of us, you are speculating that there is likely to be exponential growth in BTC between now and 2022.. but at the same time you are not sure.
Ultimately, you already said that you don't absolutely need BTC to go exponential in order to still be rich, so fuck it, why are you gambling so much and getting worried about it. Instead of trying to time the market, just take half of your expected $2million and combine it with the $100k (which would be $1.1million) and just cash out incrementally, each quarter between now and 2022. It's not going to make a BIG difference, and there should be no need to get greedy. Everyone is then happy because you have both cash and you have bitcoin. You have the $1.1 in cash, and you have the other $1million that you were going to cash out in 2022 that is still just riding the BTC price until 2022.
Also, you can see some variation of my suggestion would also work out, without having to engage in such all or nothing thinking like you earlier said that you were not touching your just-in-case to appease your partner.
