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I have a sell ladder all the way to 303k
but it is not much of the hodl.
I only do the sell ladder to say I sold some at or near the top.
But I am still not where I want to be. In terms of stack
I am not opposed to any of that, yet I suspect that the ONLY reason that you only have sell ladders up to $303k is because you are likely to be out or nearly out of bitcoin by that time, if we were to get there.. . let's say, no more than 25% of your current stash would still be remaining, when you probably should have something close to or more than 50% of your current stash...
But hey.. you are doing better than I had imagined (in my head) what you were doing.
For myself.. yeah I could sell 5% to 10% and that would be good.. even though like I said, I am only set up to sell about 3% up to $500k-ish.. . which is maybe a bit extreme in the other direction... the non-selling direction.. but it still feels good to have those orders set up in order to plan to sell 3%-ish between here and $500k if we were to get there.. and $500k would really only be right around 4.5x from her ($4109k).. That is not totally outrageous for a pump as long as maybe it were to take a whole 9-ish months
(baby germination time) to play out.
That's just it. I have been telling myself every cycle I am going to shave some off.... But the only viable option I can come up with is to "buy more." I am not greedy at all; I have no real responsibilities, no need for a bigger house or nicer car. And you can only buy so much Hookers and Blow... Now what??? As I am really not interested in trying to take over the world... Pinky and the Brain style...What else is there to do???
K
I am having a bit of a dilemma also in regards to figuring out things to spend money on, yet, I still don't see why you are considering it to be such a great dilemma to just figure out some sell formula and then to otherwise just let it ride (meaning the bitcoin).
I am not totally poo-pooing you, since almost every cycle, after the price drops 50% to 70% or more, I start to ponder that I could have had sold a bit more, and so I end up making some adjustments, but I never end up adjusting it as high as I probably should.. . yet I also try to own whatever choice that I make, even if no matter which way the price goes, there can be feelings of "I should have done "y" instead of "x" "X" makes no sense in retrospect, even though it made sense when I chose "X." Right now, "y" is seeming like it would have had been a good thing to do.
From my perspective, it get the sense that you will feel a lot better once you figure out some kind of a selling on the way up formula, and let's say that you currently have 10 BTC (I know you said 0.63.. yet 10 is a easier number to fantasize about, and it is a somewhat round number too)..
You figure out some price point that you call your first doubling.. whether that is $150k or $200k or whatever (and don't pick exactly a round number, and let's say that your first one is at $200k.., so you shave off 10%, which would be 1 BTC.
Let's say that you don't like the idea of shaving off a whole 1 BTC at one price point like that, so instead, you set yourself up to sell 0.1 BTC at each of $10k price points between $160k, $170k, $180k, $190k, $200k, $210k, $220k, $230k, $240k and $250k... again.. not placing your sell orders exactly at round numbers and you could pick smaller amounts and start doing such a thing right now at current prices.. perhaps having your first sell at $114k and the next one at $118k and the next one at $123k etc etc.. whatever numbers and amounts you want within a kind of formula, and if you down the road you start to believe that maybe you are accumulating way too many dollars from all of your sales, then you can reduce your sales amounts (quantities of BTC) and/or increments between each of your sell points.
If you don't like 10% sales for every doubling of the BTC price, then pick 5% or 3% or whatever makes you feel MOAR better.
It is harder to think about the whole matter and figure it out some plan, but once you do figure it out and put such plan into place, you will likely start to feel better, and maybe every once in a while you will have to adjust your plan to make your sell orders bigger or smaller because sometimes you might change in your feelings, and if you accidentally sell too much then just buy those BTC back at some price that is comfortable for you.. and if they don't end up buying back then you just have that money sitting there waiting to buy them back and maybe at some point, you come across some reason to spend that money... just for shits and giggles you decide to splurge on some consumption good or some other investment or something that fancies your then interests.
If you don't want to be bothered with $5K increments or even $10k increments, then set your increments for $20k increments or whatever brings you more comfort, and if your sell orders don't end up filling, then you can build that into your expectations of a set of events that might end up playing out.
Sometimes I have sell order that I put into place several years earlier, and then don't fill.. My sell orders from 2017 initially went up to $1k and then I had to increase them to $2k and then $5k and then finally, they had ended up going all the way up to something like $35k, but they did not get filled for several years.. and then in 2021 some of my sell orders ended up going up to $150k, even though some exchanges did not let me set orders higher than $100k (cough , cough cough Binance), but then little by little they started to allow higher and higher sell orders to be established (as limited orders).
I used to keep more money on exchanges, but you can imagine if I really have sell orders up to $500k-ish, I ONLY have enough money to cover my orders on the exchanges, which some folks will even think it is better to do the BTC sales manually rather than setting up sell orders in advance... which surely is reasonable. and sometimes I do purposefully remove any of my additional BTC from exchanges so that I am trying to limit that kind of exposure... even though there can be some security precautions that can be taken... and anyone who maintains accounts with exchanges realizes that some exchanges have better security systems in place than others, and I had even had some of my accounts set up in a kind of special status, but sometimes the exchanges will also pull accounts and so there can be inconveniences to have to change accounts since they might not even say why they are doing it, but they tend to give time to withdraw, but sometimes the notices are not very clear (or received).
That's just it. I have been telling myself every cycle I am going to shave some off.... But the only viable option I can come up with is to "buy more." I am not greedy at all; I have no real responsibilities, no need for a bigger house or nicer car. And you can only buy so much Hookers and Blow... Now what??? As I am really not interested in trying to take over the world... Pinky and the Brain style...What else is there to do???
K
retiring early is the greatest luxury there is.
I dont need a big house or an expensive car. But I want to Quit my job in the next few years while I am still young
I think that many of us have likely come accross statistics that most people do not save and/or invest, so if you get people investing anywhere in the ballpark of 10% of their income, then it still is going to take them 10 years to have had invested 1 years worth of income into their investment.
My frequent point is that if you can invest more aggressively that 10%, even as great as 25% or greater, then with a 25% investment rate, you get 1 year's of your income into your investment in 4 years. The more you get into your investment (in bitcoin in this case), then the more that amount invested can work for you, which surely it still can take some time to really get it to a point that you can start to live off of it without depleting the principe. Accordingly, bitcoin seems to be amongst the best of places to get to such a status that you can start to withdraw from it, whether at your income rate or at some higher or lower rate.
It is almost too good to be true.. like "we" are living in a dream... which yeah, sometimes we don't necessarily want to buy anything too flashy to draw attention to ourselves, yet at the same time, it could become quite tempting.
I am lucky enough to have pulled that plug in 2017. I left my "work"/"career" and never looked back!!! decades before I was told that I was possibly going to be able to... Again, I am not greedy, and the .63 I may or may not have will cover me till I am long ded!
That surely is a sign of overaccumulatoin status if you have figured out the amount that you have and then you figured out your expenses, so you are already able to get started.
i think that many of us continue to either build our bitcoin or to just let it ride based on our having other income sources, and I have been using bitcoin to supplement since about 2016, yet whatever supplement I had been taking is way less than what I need to live since I draw (and spend) from inferior sources before spending from bitcoin. There can also be ways of drawing from other funds and/or creating other income sources, and I did that too.. so that the various income sources add up and they end up causing me to not to have to spend from my bitcoin since I spend from those first... Yet I do think that I have been trying to spend more and more from my bitcoin and/or to exhaust from my other sources so that I can spend from my bitcoin. There still are needs to figure out ways to spend within my own sensibilities and my own comfort level..
The real mind fook is that even though percentage-wise it's just more of the same, doing nothing has inevitably been the best thing I could have done... So why is it so hard to just continue to follow the course??? The corn is still the same; I have actually decreased it over the years... but what that corn can do is beyond my wildest dreams... I can't begin to comprehend what it will be able to do in another 10...
CCMF
K
I sometimes have to look back at old records to try to figure out the extent to which my BTC stash is depleting, and surely I had past projections of where I would be at certain times and/or upon the bitcoin reaching certain prices, and there are ways that the stash has shrunk but also ways in which it has not shrunk as much as the earlier projections had anticipated that it would be at certain price points. There can be some gamification in looking at some of the matters.. because in some sense, even for me, I had some projections that would go several times higher than the current price, yet the further out the numbers, the more of a ballpark figure it seemed to have had been, but it is surprising that real world numbers seem to be doing better than the projections, which maybe a reflection of my own attempts to not overly promise myself... it comes from the underpromise and overdeliver framework so that any of us who project in conservative ways, we are likely going to end up in a better place than we had projected ourself to get to.
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