Would you sell Bitcoin for a Sheep hunt?

[Doc Holliday]

Michael Saylor is being interviewed as I type right now on CNBC, and his 21 year forecast for bitcoin, is a 29% annualized return, with a value of $13 million per coin 21 years from now.

 

[william schmaltz]

As you can see from the chart that was shared, BTC has only gone one direction and fast. Since you own it, you probably know about the halving cycle. Top of the cycle is likely around 6-12 months away and almost all credible models land it around $200-250k. So do the math on how much you own/are saving on the hunt/would take out/your age. If you take any out, save up and buy back in when it’s back under $100k in a couple years. I think Saylor is right and probably hit a million per coin during the 2032 cycle.

 

[ThorM465]

Irregardless of what the money is used for, a stock with nothing substantial to base its value on other than other people’s greed, I don’t understand why anyone would keep it with record prices. As quick as it went up it could tank, without even a stapler or tape dispenser to auction off in the estate sale. Lol

View attachment 807234

You just described 90% of the history of gold.

Bitcoin is not a stock, its a means to store value.

 

[TaperPin]

You just described 90% of the history of gold.

Bitcoin is not a stock, it’s a means to store value.

For something at the whim of regulation folks are pretty optimistic about it, and regulations have lagged behind crypto, but will eventually catch up.

Rather than how things are going when everyone with a Bitcoin is riding around on a white unicorn with glitter falling out of it hiney, it’s fun to look at what’s happened with crypto when things aren’t going great.

Cryptocurrency bubble - Wikipedia

en.wikipedia.org

 

[ThorM465]

For something at the whim of regulation folks are pretty optimistic about it, and regulations have lagged behind crypto, but will eventually catch up.

Rather than how things are going when everyone with a Bitcoin is riding around on a white unicorn with glitter falling out of it hiney, it’s fun to look at what’s happened with crypto when things aren’t going great.

Cryptocurrency bubble - Wikipedia

en.wikipedia.org

Regulators can't control Bitcoin anymore than they can control the weather in Vietnam. It's the nature of the decentralized technology. They can regulate the exchanges, but that's fundamentally different.

 

[TaperPin]

Regulators can't control Bitcoin anymore than they can control the weather in Vietnam. It's the nature of the decentralized technology. They can regulate the exchanges, but that's fundamentally different.

Bitcoin can’t be used for anything or traded in China - it seems to me regulations have a big impact. Just cashing out requires a trade.

I will admit two 20 year old delinquents with heroin habits were right about Bitcoin going up way back 10 years ago when every extra dollar they earned went into it, so what do I know. They have probably retired by now. Lol

 

[ozyclint]

So it's meant to be the new currency but no one wants to spend it because out of fear of it going up. Sounds speculative.

 

[cjdewese]

As someone that admittedly knows very little on the subject.

I say go in the hunt. I lost my mom when she was 49, do as much cool shit as you can, while you can. As long as you are good without the cost of the sheephunt go for it.

What do you guys think is more likely to happen. Bitcoin to get to $1M per coin, or Ethereum to get to 50K per?

 

[missjordan]

Find the sheep hunt you really want to go on and yes cash it in.


Sent from my iPhone using Tapatalk

 

[nooch]

i would sell and go hunting to complete your slam! I'm 3 animals shy of the super slam but dont have any bitcoin to sell, but sure wish I did.

 

[IBen]

So it's meant to be the new currency but no one wants to spend it because out of fear of it going up. Sounds speculative.

Its greed not fear. https://coinmarketcap.com/charts/fear-and-greed-index/

To the op just take a loan out and pay for it. The interest will be less than btc’s return. You could even take a loan out against your btc

 

[ozyclint]

"Greed is good, greed is right, greed works"

 

[j3h8]

Seems you have a 15,000 dollar savings. If you hold Bitcoin until next year's, or the following year or for a 50th birthday present, will your coin have made up the gap and now the savings is an equilateral move or a move with a bit left over in the coin fund if the coin does as well as it has been. What's the 15k savings worth to you.

 

[Craig Van Arsdale]

I personally would not.

I’d put a deposit down for 2029, likely by then you can collateralize your BTC and go on the sheep hunt and never have to sell the asset.

Below is the simple reality that everything priced in BTC goes to zero overtime…

Assuming a 55,000 desert sheep hunt priced in BTC (Jan of each year) over the past 10 years.

2015 254 bitcoins


2016 149 bitcoins


2017 56 bitcoins


2018 5.5 bitcoins


2019 16.2 bitcoins


2020 5.9 bitcoins


2021 1.65 bitcoins


2022 1.42 bitcoins


2023 2.37 bitcoins


2024 1.29 bitcoins


2025 .51 bitcoins (Assuming 106,000 price in Jan 2025)

 

[Djacker]

I would go hunting. I invested $2000 into various stock when the market crashed in 2020. As soon as I made my 2000 profit, I took 2000 back out. I let the remaining balance grow until I had enough to pay for my 2023 Alaska moose hunt, $16,500. Sure I would have more money right now, but I enjoyed the hunt more than money.

 

[rogerthat]

I probably would. Ask for more than $104K is risky. You could use a HELOC and HODL for a bit longer...is the interest worth paying while you wait for BTC to make its next move up...hard to know.

Its next big move will probably be down. Go sheep hunting.