So, BTC is back up. Fitting nicely into the fib channel (whatever that means), still on the parabolic curve (whatever that means), retracement is not complete (whatever that means), news hawk continue to shank bitcoin so their employer can maintain the ad whore levels, and I don't care. Bitcoin is going to go where it wants to go. Namely up. Maybe a few dips and divots from time-to-time, but the future is decidedly up.
Now, a serious question with a few caveats: Caveats first. I'm gonna go out on a limb and assume that the population of regulars on the WO are spread, somewhat, along these lines: ages 20s 60%, 30s 15%, 40s 15%, and the remainder 50s plus. The percentages don't really matter all that much, they just help me visualize the group as a whole.
Now, again, I believe that most here are what I would call 'bag holders'. Those who have accumulated a stash and have no plans to divest any substantial amount. You do realize that you are the bankers of the future, don't you?
So my question to you all: Have you considered your exit plans?
I fit comfortably in the smallest percentile by age, so this is something for me to seriously consider. Right at this moment I believe that I will begin to withdraw fiat in small amounts when the price stays at 20k or above. Considering my current health, I believe that I have some ten, or so, years to withdraw most of my coins. I have already done some estate planning so that my administrator will, hopefully, know what to do when I pass.
Side note: I've tried retirement twice. It didn't stick either time. Too much time to do nothing much. Youth is wasted on the young.
So, what are your exit plans?
/OG
I would guess that the average age skews a bit higher, like 35-40.
My preferred exit plan is something like what I infer Bob did. I'd begin selling 5% of my crypto/corn per week, beginning at a predetermined price point, until I've sold half. I plan to let the other half ride, mostly, and use it for large expenditures - new cars, vacations, etc.
With the half that is now fiat, I'd buy a new house somewhere warmer. The rest I'd put it in a traditional investment plan - like 80% stocks/20% bonds, for instance. I'd withdraw 4% annually (the standard withdrawal rate), probably on a monthly basis. This would be my "income".
