Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My term deposit at bank is about to mature after 6 months. I'm getting like $1k for this shitty investment. And what is worse, the interest rates got halved. Next time, I'll be getting like $500 for the same investment at the same bank.
I am making a big decision here:
Option 1: Keep collecting peanuts. Keep DCA'ing.
Option 2: Buy the dip, Keep DCA'ing. (1-2 btc)
Option 3: Nuke everything and become a 1 million club member while I still can. (all in)
*Option 3 violates my investment rules. Violates it like fuck all gimme lambo.
I am making a big decision here:
Option 1: Keep collecting peanuts. Keep DCA'ing.
Option 2: Buy the dip, Keep DCA'ing. (1-2 btc)
Option 3: Nuke everything and become a 1 million club member while I still can. (all in)
*Option 3 violates my investment rules. Violates it like fuck all gimme lambo.
Option 2
Im in the same boat. I have $xxx,xxx value in bitcoin.
I have $xx,xxx value in fiat savings.
Im absolutely balls deep in bitcoin to be honest, probably way over invested than any sane person should be.
I currently get 1% interest per annum which on the fiat savings which is fucking pathetic. I really should pump it all into bitcoin like your option 2 says. It is nice to have some back up cash just incase something happens especially as Im self employed - i.e. no sick pay, holiday pay etc.
Pump all is "option 3" I believe. Typo?
You current net worth is my target networth for my retirement
Anything over 500k, and I am done. The closer it gets to $1m, the better it is though.I guess I'll do option 2, and get 1 step closer to the double digits.
Im close to mid 30s, $500,000 isnt enough for me in the UK. My plan is $2,000,000 - $3,000,000 but everything looks simple on paper doesnt it.
I will never sell all my bitcoins though.
And yes typo - Option 3 lol