Please tell me that you have already diversified some of that capital - at the very least - into prostitutes & drugs.
Solid investment, much like Jimbo's teeth.
I thought that you were ignoring me (and or hating on me) ... so a bit surprised that you engaged.. since the last time you engaged with me, was filled with a decent amount of slanders thrown in my direction.... hahahahaha
Anywhooo....
I did get a little bit worried in late 2016 and early 2017 when my BTC investment started to approach the value of my 401k, and furthermore through 2017 to surpass the value of my remaining other investments including my 401k that I had largely accumulated through my life (largely my investments of more than 20 years of my adult life), but I had already come to the conclusion that I felt that I had sufficiently adjusted for a decent amount of my risk by carrying out my system of systematically selling in the ballpark of 1% of my BTC stash for every 10% that the BTC price goes up.
Of course, I could have chosen a different amount of shaving off of profits, and surely, there could be some problems with using that accumulated capital to buy back BTC in the event that BTC prices goes down (which any of us in BTC for any decent period of time have witnessed that one of the most inevitable things in bitcoin is its price volatility).
I had another issue in early 2017 and that was that I had suffered a sims port hack, so in that regard, there were some problems with loss of BTC through that, yet BTC's price appreciation had still caused my BTC investment to perform in an overall manner that continued to provide a sufficient amount of equity cushion, such as the current 15x status, that I concluded that I was comfortable with the way that my various investments were spread out. On the other hand, I do have a plan that in the coming years, I am likely going to begin to liquidate 1% per quarter of my BTC value so long as BTC's price are at least greater than $5k. There might be some factors that could cause me to shave off more value, including digging into my BTC principle, such as feelings that I might NOT live long enough, or maybe if I feel that I need teeth, something like what Jimbo decided.
Certainly, I don't feel overly diversified into bitcoin, and surely when BTC prices dropped into the lower $3ks, that is not a good feeling, but at that time my portfolio was still decently UP.. and surely with bitcoin some of us have experienced much more dire corrections than that relative to our own levels of investment, including my portfolio valued at about 65% in the red.. or only 35% of my investment amount during the dip times of 2014/15, so that felt worse in absolute lack of a cushion terms and also in terms of the level of then bitcoin development.. sure, I still felt positive about bitcoin, but a lot of people were suggesting that I cut my losses, etc ..etc.. and I largely held and I would buy from time to time, with what seemed to have been a then constrained cashflow, too.. and questions about whether I should be investing more into something that was already largely in the red for me.
So, it is difficult to be so worried under these kinds of circumstances, even if my percentage of total assets is decently high in bitcoin which causes my net worth to fluctuate on a fairly regular basis a whole hell of a lot more than what I had been previously accustomed to.
By the way, I was just thinking about this earlier today... in which when BTC prices were in the $8k to $9k territory, and Hairymcbeary was stating that his net worth (or something like that) had reached an ATH which was in part attributed to some of his fortunes from the latest bitcoin dip down to $3k and its return back up and his ability to take advantage of such a dip. For me, I am tentatively thinking that BTC prices have to return back over $17k for me to be at an ATH in terms of my own personal wealth, so perhaps some folks have better abilities to take advantage of bear markets, yet I am thinking that maybe I am experiencing various kinds of expenses in my life too, and I am inadvertently consuming some of my wealth along the way? In any event, even though I attempt to monitor where I am at, I do attempt to enjoy my level of wealth, I feel that I have a cushion of wealth that is much beyond my expectations of where I thought that I would be at this stage of my life, even while I try not to be too preoccupied regarding possible mistakes that I make here and there because the projection of bitcoin prices seems that it is going to cause additional upside appreciations and a decent amount of abilities to indulge and to overspend and even to make a decent number of mistakes without necessarily thinking about whether I am being cautionary enough or frugal enough which was a everpresent pattern for the vast majority of my pre-bitcoin life.
