Quote from: jbreher on May 16, 2018, 10:00:34 PM

Quote from: Mister_Success on May 16, 2018, 06:57:51 PM

Quote from: Anon136 on May 16, 2018, 06:27:05 PM

Quote from: Torque on May 16, 2018, 11:06:26 AM

Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?

My lambo is my brand new fully paid off house. Less flashy but also less childish.

Why would you pay for a home with cash when at least 80% of it could have been reinvested?

I closed in late January of this year. Figure it out.

Actually, there is a bit of an experiential point here that makes sense.

I recall way back in 2016, I had made BTC selling projections that tentatively hypothesized how much BTC I would sell at various points up the ladder, and surely in mid 2016, there were a lot of folks who stated that they would sell all their BTC at various points above $1k, and $3k to $5k seemed a bit fantastical even within grasp.

I had maintained a tentative price projection of $3k to $5k as being towards the top of the possible next BTC price upsurge, but even those numbers seemed a bit out of grasp with low probabilities, especially in the near term.

In mid 2017, after BTC prices had passed through $1k and $2k, and had already tested $3k resistance, without breaking it, I felt that I had to revise my expectations of the upper price range into the mid $7k territory, so each of these price projections were hypothetical and provided some outlines about how much BTC to sell on the way up, and tentatively projected the amount of cash that would be generated based on such BTC sales.

The reality of the actual BTC price passage above $7k and then breaking above $10k and $20k caused me to have to rethink my own situation based on the actual specifics about what to do with all that money that in actuality had been generated rather than being merely hypothetical and on paper....

Surely, when we do not have very much money, it makes a lot of sense to leverage money through loans, especially when we are buying likely relatively appreciating and possibly non-correlated assets, such as real property. On the other hand, contemplating leveraging and the various burdens of loans, seems to be more of a hassle than it is worth when contemplating actual places to deploy excess dollars...

Gotta congratulate you jbreher, if you were lucky enough to pull out a bit of excess dollar generation in price areas that were in the ballpark of 20x beyond the short term BTC price expectations that many of us were having in mid-2016..