~Snip~
+1
Holy Moly Stash management 101
Tweak it a little bit JSRAW? Something like that might work for you? Perhaps?
Yeah, it could, for sell plans everyone needs their tweaking according to their target, situations, etc. Timing of price increment in each stage is crucial, though. Unfortunately, no one can predict this scenario or downtrend, so I am not rigid with my sell stage.
Before, I start to comment, let's remember, again, that I was responding to some of the goals that mindrust had presented, including that he was planning to cash out everything at $100k, so the parameters of his thinking was different from yours, even though some variation of that same cashing out projection could still work for you, JSRAW, with some tweaking... and maybe even you would not start cashing out until after $150k or whatever is comfortable for your situation...
~Edited ~
Sir, Yes, sir, I remember. And your calculation was spot on, in the context of mindrust and I agree with almost everything which you mentioned in your reply to me.
I have okay stash despite entering very late into
BTC or crypto in general (Aug, 2017). Luckily I benefited from the last bull run, and this helped me to acquire more corns religiously in the bearish trend, meanwhile my 50%-80% monthly salary comes in
BTC too, which i hardly cash out. So I divided my stash into 2 small stashes according to my current needs.
Yes. Surely, earning that percentage of your income in
BTC can require a certain amount of cashing out on a regular basis, unless you are targeting that level of accumulation, which I usually tell regular peeps that they should start out by accumulating 1% to 10% of their total investment portfolio in BTC; however, if BTC appreciates, then I would not necessarily recommend reallocation unless the person really does not have any back-up investments.
Surely, these days some people are thinking differently in terms of whether they should have some traditional investments, and it could be a bit of a different story if you have already gotten locked into some of them or whether they are fluid investments, or if there are penalties for moving them around.
I am also not opposed to starting out by investing fairly heavily in one investment, especially when you are younger, and then to branch out after you have already decently established yourself in the investment, which could be quite applicable to a bitcoin investment.
1. The first stash is for the next bull run, and I can follow a more or less similar strategy which you suggested but with slightly different sell zone and % with some tweaks. I can even fancy my early retirement with this BTC stash, but retirement in age of 32-35 doesn't suit me, which I have mentioned a couple of times.
Fair enough. I will speculate that if you have 10x or 100x the amount of your most bullish expectations then you might consider a kind of retirement or change of activities, but who knows. I think that levels of rich can change perceptions, but we cannot really count on such things happening.
By the way, probably, currently my level of rich is only about 2x to 3x of my most bullish of expectations from a few years ago, so I am not quite in the stage of life changing levels of richness, but I do feel quite good about where I am at. On the other hand, if bitcoin does another considerable exponential growth, then that is going to change matters for me in terms of actual action. I am o.k. it if does or if it does not, and either way, I am expecting to have some decent fun in the coming years.
But if it does go shooting up, then surely I am going to have to up my game, and maybe even rethink some of my activities to a kind of higher level, which is not a bad problem to have.. but "the next one" is still not a bird in the hand, and it remains only a theory or a possibility at this point.
2. Second is Long Term Aka retirement Stash, which fixed for a minimum 15-20 Years or more and I strictly want to maintain this percentage with at least 40% of my total holding due to my future plans, and it doesn't include any hooker,blow or any material thingy etc. shout out to gang : Not a party pooper though.
hookers, lambos, blows, yachts and other luxury items are just symbols or fun expressions. Of course, there is going to be variation. You party poop.
With my second stash, I am hoping that
BTC is not going to lose its value in the next 15-20 years, but in case it happens, then I am going to act accordingly and look for another option ofcourse. speaking of another options i do have 6-8% of shitcoins in my portfolio though
. 0 Bcash.
Good to have other possible plans, just in case
BTC is not worth more in the future. That's for sure. Regarding your bcash stash, sorry for your loss.
BTC is first investment of my life but its not the last.
Yes. You may need to diversify, at some point, but it might not be a problem for you to continue to build in
BTC,and then find a point of comfort for diversification, and of course, as long as
BTC goes up then you will be in a better and better position to figure out what kind of diversification works for your own comfort level.