Thread - Nostr Hypermedia

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Update Today my renovation started… Builders everywhere, deck ripped up, old pool dismantled Exciting Really exciting We’re going to build a home, an asset we can use for decades to come, a place for my kids to feel safe, my wife some stability, and for me a piece of the world to call my own, a true humanistic investment But, it’s coming at a price… I decided to keep maximum exposure to Bitcoin And DCA out as I need funds The work will be lumpy in terms of payment Spread out over 6 months But if I was to pay for the whole thing today, it just got 20% more expensive than when I wrote the last note This is the Bitcoin journey The ride You get both ups and downs So a question for you friends: how would you play it now given the latest sell off? - DCA out as you need? - sell 50% of expected costs? - sell 100% of expected costs? View quoted note →

↑ Parent

Replies (17)

David Pinkerton dave@dpinkerton.com 2 weeks ago

You're doing it right. Hold onto it as long as you can. Tends to go up. Some good way to borrow against could emerge in the meantime or some other way of putting off an actual sale.

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Thanks Dave. Really appreciate that Waking up to lower and lower levels tests even the strongest of resolved 🫣😅

Brisket brisket@nostrplebs.com 2 weeks ago

No different. I don't envy the game that you're playing.

1 replies ↓

ppatel ppatelnz@nostr.com 2 weeks ago

Land is a centralised transaction. What about this scenario. AGI causes massive and sudden unemployment. Government steps in and absolves you of your mortgage in exchange for ownership of your land. The only way to solve that is to sell your Bitcoin. They are coming for your coin. You will own nothing and be happy.

1 replies ↓

dantzler 2 weeks ago

I'm in a similar boat, needing to raise funds for day to day activities while I try to find a decent job in science. Rolling month-to-month at this point, supplementing with other assets when I can.

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Everything is a lesson This is a good one Fixed capex and short-term volatility of Bitcoin Very hard to manage One card up my sleeve is that I have an equity position that I will receive the liquidity from in May/June of this year which essentially covers the entire cost of renovation

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Either way, it looks like I’m going to spend more Bitcoin on this real estate transaction than I expected But @Brisket as we touched on a few times in the last year, with a young family, there’s a very high utility factor to realestate ownership I’m trying to embody the concept of abundance Sure, this might cost me more Bitcoin now But once complete, and I’ve housed my family, who knows what else I might create Which might see even more Bitcoin than before flow towards me Time will tell

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

I would put the probability of this right now sub 1% What do you think?

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Tried to zap you! Get your lightning wallet set up I’m sure you’ll find a role The cool thing with Bitcoin is it saves you on the rainy day

Brisket brisket@nostrplebs.com 2 weeks ago

You don't need to justify your spending to me. Managing your frequency is tough, critical & sometimes expensive. That's why I don't envy what you're doing. In terms of managing the costs in Bitcoin terms, I'd sell the bitcoin when it's required. You've got a potential fiat liquidity injection coming which also reduces the risk of being a forced seller. I suspect we retest $125k this quarter. I'd prepare to create a fiat cushion a little below the $120K mark. It could happen quickly, as unlikely as this seems right now. Just remember gratitude yields a similar frequency to abundance & it's cheaper than renovations. 🫂💚

2 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

There’s the gold “Just remember gratitude yields a similar frequency to abundance & it's cheaper than renovations. 🫂💚” Thank you Sir 🙏🏻

ppatel ppatelnz@nostr.com 2 weeks ago

Honestly, this is what I think......Basing this off claude co worker. Done a few use-cases based on my own job, and this feels imminent to me. View quoted note →

1 replies ↓

2Pac 2PacStackur@sovrnbitcoiner.com 2 weeks ago

Look here the deal. Nobody knows your costs and nobody knows what the price of bitcoin will be when the cost is due. What do we know? We do know the current trend is down, so the probability is that prices will continue down for some time with some rallies in between. It will not be straight down. So ask yourself how would you feel if you waited and prices were lower, how would you feel if they were higher. What is the most responsible and reasonable approach? That is up to you it is your money. But do not make your decision from hope or fear just reason.

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

Right now if I sold a slug, it would be from fear But the flip side, not selling now plays into hope Hence my decision remains to just DCA out when needed Thanks for the reply Investing has been, and always will be, about decision making Make a good decision Get paid Make a bad decision Your capital is gone

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

“Feels imminent” Ok What is the probability of it happening in the next 5 years pls?

ppatel ppatelnz@nostr.com 2 weeks ago

Strong. The world will different in 10 years but the transition will start inside two years. Middle managers, system analysts, business analysts who do not interact with others will find themselves displaced first. Graphic designers are already out.

1 replies ↓

Jake Woodhouse jakewoodhouse@primal.net 2 weeks ago

As are many software engineers The white collar going to be hit hardest for sure It’s why I am very bullish on opportunities that combine physical and digital