Still buying bitcoin
I'm an old prepper and silver stacker. I just treat bitcoin like another kind of precious metal. I buy some every payday, lock it in the bank box and go on with my life. I doubt I'll ever sell a large percentage of my bitcoins. When the demand for bitcoins increases and they reach the point where it pencils out that I can retire on them, I'll do so. Then I'll sell my paid off house (store the 300k I should get for it, in vaulted gold) and use that as a buffer for the bull and bear markets. When bitcoins are doing well I'll draw my expenses from bitcoins. When they're having a year like this year I'll draw from what I can get for selling the house. I'll keep the amount of bitcoins I cash in under 38,600 a year. Below that level no capital gains taxes are due. I live very comfortably on way less than that right now (income from my mechanic job 4600, spending 1400, and my surplus is usually over 3000 a month). I buy some bitcoin every payday, drop it into the bank box, and it's totally painless. I can keep this up for years if necessary.
I love how compact and weightless Bitcoins are. If I needed to travel anywhere on foot with my silver it would be way too heavy to go very far with it, and I certainly couldn't travel overseas with it. With bitcoins however, I could get on a plane, fly to one of these low cost countries and live many years on those bitcoins (even at the current price of 3600), and there's nothing customs can do about it because I wouldn't need to even have them with me. I could just stash them onto encrypted cloud storage and i'm good. LOL, I probably would have done that if Hillary were elected, LOL. But as long as Trump is in office I'll stick around, keep fixing trucks, and keep buying bitcoins.
I'm embarrassed to admit I was watching your channel way back when you first recommended buying Bitcoins. Tried watching some videos and couldn't understand the process, so I didn't buy. When they were $1. Ughhhhh....
LOL. I wish I had bought bitcoins at 1 dollar but I actually started buying them in 2014 at 900 dollars each. And I bought them all the way down to 250. Then when bitcoins crashed to 170 in January I was so disgusted that I didn't buy any that month. After January though it looked like it had bottomed out so I resumed buying. At this price my bitcoins aren't enough to retire on so I'm just continuing in my mechanic job and buying what I can till the recovery rolls around. It may take a couple years.
I would like for you to change your perspective for a little while.
Just owning one bitcoin would be enough for you to retire.
The price will easily go over $1,000,000 per bitcoin.
(and then it will crash down to a measly hundred thousand, and then go up farther)
Instead of retiring comfortably, you will be a multi-millionaire.
You could buy and build most anything you could think of.
So, what would you do when you find you have more money than you could ever spend? (bitcoin going up faster than you could spend it)
Would you put a camper on a deuce and a half?
Would you buy a retirement community?
Would you start a prepper town?
Just be sure to put into your plans that we are at the beginnings of a mini-ice age. Winters are going to get very harsh. Think about moving to warmer climates.