Damus
Jake Woodhouse profile picture
Jake Woodhouse
@jakewoodhouse
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?

6❤️1🔥1
David Pinkerton · 2w
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.
Brisket · 2w
No different. I don't envy the game that you're playing.
ppatel · 2w
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 ...
dantzler · 2w
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.
2Pac · 2w
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. S...