Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 28/12/2019, 16:01:07 UTC
⭐ Merited by mindrust (1) ,LUCKMCFLY (1)
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.


Decisions like that remain personal ones.  Usually, any of us can set guidelines for ourselves, which then empowers us to deviate from our own guidelines.  The more that you deviate from your own guidelines, the more risk that you run in terms of having to go through a process to reset the totality of your guidelines.

I understand that it is tempting to go for BIGGER when BIGGER is there, staring you in the face (referring to option 3), it is tempting.... it is tempting. 

Consider, again, your timeline, and consider why you feel rushed to be at a certain place at a certain time?  Do you feel that you are not going to have enough when you reach a certain time? 

Or do you believe that more is always better?   Sure, more would be better if it is accompanied by a sufficiently low amount of risk to achieve.  I understand that a lot of us are looking at the four year fractal comparisons, and stock to flow models and s-curve exponential growth/adoption and we are seeing that a lot of the models are lining up for good fundamentals.  But these good fundamentals are not without downside nor are they without the ability of BIG ass players to manipulate the shit out of them with their unending supply of cash and ability to convince dumb people with FUD spreading.

 Sometimes desires for MOAR are not necessarily going to bring you to a better place when you attempt to rush it and you are already sufficiently prepared for the upside... but you just want MOAR and MOAR and MOAR.  Think of all the peeps who don't even have a whole bitcoin.  The dumbasses who have known about bitcoin for a sufficient amount of time to acquire 1 BTC or 10BTC or even 100BTC without even putting much of a dent in their lifestyles, but they fail to get off of zero.... diptwats.... You are way the hell ahead of them, even if you are struggling to stack sats at a rate that you would like to achieve.

Seems to me that you are quite a bit ahead of a lot of people like that, and surely people who are older than you, do not have the luxury of your time horizon.  Seems to me that your time horizon is sufficiently long enough that you will end up getting the pay out and retiring way the fuck earlier than other people of your age.... Fuck that... It is difficult as fuck to stack wealth in your 20s 30s and 40s in order to be somewhat prepared by the time you are in your 50s... maybe even being prepared while you are in your early 40s. 

Seems to me that  we did not have these kinds of investment opportunities available 10 or 20 years ago, but they are only opportunities so long as you don't fuck it up with some kind of rushing into a position that becomes too much for you and does not sufficiently prepare you for the vast majority of scenarios, and ONLY YOU can figure out the specifics of that preparation and the risks that you are ready, willing and able to take.

And, surely one of the questions remains whether it is worth the effort to continue to just take more time to be almost guaranteed richie status rather than to rush the matter which gambles that you could become MOAR richie but then you could also end up losing some of your stash because you end up being over invested, so then part of the question FOR YOU specifically remains how much is that downside security worth to YOU?