Episode-2844- Expert Council Q&A for 3-18-21
Podcast: Play in new window | Download (Duration: 1:25:42 — 19.6MB)
Today on The Survival Podcast the expert panel answers your questions on permaculture, organ donation, contour based design, business, battery banks, pastured pigs, expired meds, cryptocurrency and more.
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Join Me Today As I Respond to Your Calls and Discuss…
- Quote of the Day – ” The scientist is a lover of truth for the very love of truth itself, wherever it may lead”. ~ Luther Burbank
- Dealing with high nitrogen cattle pasture run off from a steep slope onto bottom land that floods – Geoff Lawton
- Nutritional guidance for a person donating a kidney – Doctor Ken Berry
- Designing with micro contour techniques on a mid sized property – Nick Ferguson
- How to advertise new services to your existing customers – Tim “Tool Man” Cook
- A deep dive into the world of lithium iron phosphate batteries – Shawn Mills
- Calculating pig feed grain needs for pastured pork – Darby Simpson
- Proper disposal of medication that is expired that needs to go – Doc Bones
- How should we handle the current crypto bull market, what am I doing during it – Jack
Resources for today’s show…
- Join the Members Brigade
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on Parler
- Jack on MeWe
- Join Me on Odysee
- Search with Privacy and Get Paid in Crypto on Presearch!
- Buy Bitcoin on CoinBase
- Chicken Tractor on Steroids by Geoff Lawton
- Geoff Lawton’s Permaculture Masterclass (free)
- Geoff Lawton’s 2021 Online PDC (get 100 dollars off with code jack100)
- Rare Plant Store – Nicks Site with Trees for Sale
- Question – The Moody Blues
Websites of the Expert Council Members
- Tim the Toolman’s YouTube
- Dr. Berry.com
- Home Made Wonderlust
- Affordable DC Generators
- Hack My Solar
- MT Knives
- Living Free in Tennessee
- A Bee Friendly Company
- Investable Wealth
- Permies.com
- The Simple Life Now
- GeoffLawton.com
- DarbySimpson.com
- Whole Systems Design
- Doom and Bloom
- HaloBySue.com
- HackMySolar
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Re: Crypto Bull Market
Thanks for answering the question. Part of what makes this so tricky is trying to reconcile conventional trading & investing wisdom with the new & unique nature of Bitcoin and crypto. I feel caught between the “HODL no matter what!” true believers and the good quality (but more conventional) trading & investing advice that John Pugliano gives out. Both views have their merits, and I’m trying to find the right balance.
Before this year I was planning to just steadily sell a bit here & there as it climbed, but if we’re going to see apeshit-level high prices and FOMO this year (which seems more likely now), there’s something to be said for taking a little extra profit to ride out the bear market that follows and have a bit extra left over to buy up more on the cheap. At the same time, with all the added stimulus and CB money-printing, it could be any bear market would be much shorter or shallower than previous cycles. Whatever I end up doing, I don’t see myself selling/moving more than half my portfolio (likely much less), and I’ll sell altcoins before selling BTC.
In the meantime, doing my best to remain patient and channel my inner Vulcan… 😉
If it helps anyone else, here are some of the questions I’m asking myself going forward and some rules I’m trying to operate by. I’ll post this on the Crypto group on MeWe too.
Questions to ask during this bull run cycle:
1) At what point are my crypto holdings as a percentage of total wealth “way too high”?
2) At what price point am I willing to sell 10% of holdings? How about 25%? 50%???
3) How much do I need to sell to pay for planned purchases or expenses for the next 2-3 years?
4) How long am I willing to wait to spend some of my crypto for said planned purchases?
5) Which crypto assets am I most and least willing to part with?
Bull-run operating guidelines:
1) For all cryptocurrencies I own, make sure I know WHY I own it, and don’t FOMO into a purchase blindly.
2) Unless planning a imminent sales or trades, the majority of my crypto stays OFF of the exchanges.
3) When selling my crypto, think of the sale in terms of the things I want to buy and expenses I need to pay, not in dollars or fiat.
4) All other things being equal, sell the altcoins before thinking of touching my Bitcoin.
5) Long-term capital gains are my friend. Short term capital gains?… not so much.
6) Never make very large purchases OR sales in one day. Spread them out.
7) Patience, patience, patience. Without clear signals or meeting pre-planned targets, sitting on my hands isn’t such a bad thing. I’m no day trader, so no sense in me pretending to be one.