I’m not sure, but make sure you add a margin to the expected completion timeframe and cost on both renovations, unless you are doing a pretty limited scope of work. I haven’t seen many renovations ever go 100% to the contractor’s plan. What about not selling, and instead taking a loan with a conservative portion of your BTC as collateral, or getting a conventional LOC or loan if you can get a good rate? Selling BTC for fiat and sinking that fiat into a “building” vs say land seems like trading a pristine asset for a depreciating asset. Especially if real estate does what is expected over the next 5 years. One thing is certain, timing the sales of portion of a stack to coincide with project completion dates that are subject to change is likely going to be as challenging as guessing what 10 days of the year BTC is going to rip. It’ll always do the exact opposite thing you need it to. Of course with limited insight into the big picture and knowing % allocations of everything you’re working with and the costs of the projects, I could be talking out of my ass. And how well you know the contractors. And the long term plan for the property. Or if you have a general handling the whole thing. Too many variables. But above all, I now regard fiat as trash, reasonably priced debt as a tool, and BTC as pristine collateral that no one is prying away from me. I’ll eat dog food first. Based on having been a site supervisor on renos and new builds for a number of years in the recent past, make sure you work up WRITTEN deficiency lists at each stage of the projects, and do % holdbacks on trades’ invoices until the deficiencies are fixed. It’s the only way to make sure they get done. There are lots of resources online for how to inspect each stage depending on how involved your reno is. Framing, backing, electrical, plumbing, drywall installation, drywall finishing, paint, trims, cabinets, flooring, final paint, final cleaning. There’s inspection lists for them all. For interior finishes, paint and drywall, get a bright headlamp, a pencil and a roll of green painters tape. Light things up, do it on a nicely lit day, and use the lamp for corners and closets. Anything you don’t like gets a small piece of tape on it and added to the written list. Drywall and paint finish problems get a light circle around them in pencil. 50 items on the list? 50 items with the contractor’s checkmark and your checkmark, and everybody gets paid the holdback. We used to do 30% of the invoice total for 30 days.

Yeah I'd sit in as long as I could at these prices & sell as required. Once it hit $115k I'd probably think about selling to raise 50%. Ideally you'd delay it all 6 months.

Nice. AI reckoned take 30/40% off now I am with you HODL as long as possible is my intuition But am I just living in hopium land?

Earn cash to pay for it. Leave the stack alone :)

In a bull market 1 or 2; in a bear market 3.

If you are, you aren't alone. 🤣 I just think Bitcoin is so undervalued right now. I'm delaying any large expenses as long as I can. 3-5 months can make a massive difference.

What about taking a loan against your bitcoin instead of selling? Do it at the time when it’s necessary and in a year or two you can pay it back and btc will most likely be way higher. Or taking a normal credit and paying it off monthly instead of dcaing in bitcoin for a few months

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 →

Before today, I went for 1), today feels a lot like 3)

I don’t want to add the stress of wondering about margin calls So for now leverage is not the answer I also don’t like the risk/reward given the over-collateralised nature of the loans

Not possible for me right now Homeschooling full time In the future absolutely something I would consider