Re: Wall Observer: BTC/USD Price Tracking and Discussion 2.0 (Unmoderated)

Wall Observer Coin

lol and largely agreed

^ref your earlier discussion - how to get (back) into bitcoin - and the advice you were given - dollar cost averaging - thought this might amuse/interest you/all/some: http://trilema.com/2017/the-universal-plan-for-wealth/

my main takeaway for the purposes of this thread -
it's incredibly goddamn bullish - a kid scrapes together $20k worth of btc now ... puts in some not very hard work ... is a wealthy man in ... ?several years' time.
20k becomes what 200mil? in today's terms

i'd bet most of us want to believe roughly that sort of growth for the price, even if my definition of wealthy is an order of magnitude more than the next guy's

if we are right, then the dollar will decline so sharply at some - nearish-by - point
that dollar-cost averaging will no longer be a way in to bitcoin for the average working stiff

That's actually going to be pretty good for Bitcoin if the dollar declines as it could actually be used for daily transactions, assuming SW and Lightning get implemented. Good thing I already have my foot in the door and don't buy as much as I used to.

Good read V8. Funnily enough I actually own a house in the UK (but currently living in the Philippines) which I have been recently thinking should I sell and invest some of the proceeds into bitcoin. I get a steady rent income from it sure but that is not as much as returns I would get from BTC. Problem is it is a lenghy process of selling a house in the UK but with current house prices I should come out with £130,000 should I decide to sell. Of that my plan would be keep £100,000 in various banks as I$I$Coins in case house prices collapse so that I can buy property back, use 10,000 as living expenses for a year or so here in Asia and invest 20,000 in cryptos (mainly BTC for long term HODL) and maybe 5k for trading with.

Anyway its something I got to think about seriously.

I love BTC and have what I believe to be a nice healthy stash. However, to suggest that the property market might crash seems a little bit optimistic to me. I also live in the U.K. And had a property that I sold sometime back and now wish I had held on to it since it value has since tripled from when I sold it. Everyone needs a place to live so I believe that there will always be a demand for property. Only scenario I envisage where property wont be needed is if there is a mass exodus from said country and I just can't see that happening in the U.K. Within the immediate future anyway.
Returns are, for the moment anyway, far better in BTC but the volatility of it makes me quite nervous at times.
Anyway, best of luck whatever you decide and it will be interesting to see how it all pans out.