Congrats, friend. Let us know how it goes. I'm working my way there. I feel like I first need a 6 month emergency fund runway (in bitcoin) before my wife will feel comfortable #gettingonzero fiat.
Discussion
That's a good start, but assume it will last 3 months. I'm bullish, but I've been around long enough to prepare for the worst.
Thanks, Marc. Are you saying basically assume your Bitcoin emergency fund will last half as long as you think it will due to the possibility of bearish price action?
I wouldn't say "assume," but I am prepared for a 50% drawdown at all times. It's not that I'm bearish, I've just seen it "crash" too many times to not prepare for this.
If it doesn't...Awesome! If it does, It will go back up, but I still have bills to pay.