Wansworth
Well-Known Member
I think you could have phrased that better?
Buying boat with no sailing experience. How feasible is my plan?
- Thread starter Doge
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doug748
Well-Known Member
If six grand would totally destroy your financial security, you are right to tread carefully when it comes to investing in boats.
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Kelpie
Well-Known Member
Just picking up this one, I wonder what takes less energy/effort- desalinating sea water to salt cure fish, or running a freezer. I know which one will end up tastier and healthier anyway.
Doge
Well-Known Member
It would be "selling the dip". Its not what you do. You're supposed to buy the dip. The dip happened because Tesla stopped taking payment in bitcoin because of its energy usage which at the time was mostly cheap Chinese coal. Elon said that they will most likely accept it again once it switches to renewables and that is now happening. So it would be pretty idiotic to sell my crypto right now.
jordanbasset
Well-Known Member
What price does Bitcoin need to reach for you to buy your boat?
Doge
Well-Known Member
I wouldn't want to sell bitcoin for less than 60k. But I wont sell just because it hits 60k. I'm hoping it will go higher over winter. 100k is realistic. I also hold a lot of Cardano and Doge. Elon posted a poll on twitter a while back asking if Tesla should accept Doge. I think it likely that they will at some point. Doge is almost entirely reliant on Elon's support now but he seems very committed.
jordanbasset
Well-Known Member
The highest it has ever been is £44,000, it is currently £31,000. You may get lucky or it could be worth £10,000 in a few months. How long are you prepared to wait?
Doge
Well-Known Member
I mean dollars. The key thing is having enough crypto remaining. Given that I'm buying more all the time I could buy the boat in spring even without massive price rises . Selling now would create a period of time where I wouldn't benefit much from any moves.
If it did go to 10k then it would be time to buy the dip. Then when it hits 100k you have more profit than you would if it hadn't dipped to 10k.
V1701
Well-Known Member
There's a phrase that if you're doing as much reading as you seem to be you'll likely have come across - "go small, go simple, go now" (I may not have got that exactly right but you get the gist). You're already planning to go small, you need to forget about canning fish and selling it to the Japanese or whatever it is you think will be eminently doable 'cos it's not but most of all you need to stop inventing reasons why you shouldn't do anything just yet, which you would if you only knew how many people never went anywhere because there were always good reasons not to. Just sayin...
Doge
Well-Known Member
Right, yes. I'll wreck my investment strategy to buy a boat that I wont even be in a position to use much yet (or ever if i wreck my investment strategy) because ill "go small, go simple, go now"..
V1701
Well-Known Member
As somebody else already pointed out if the loss of six grand would wreck your investment strategy you really oughtn't be thinking of buying a boat. If you did buy one sooner rather than later you'd be able to begin getting it ready - you have no idea yet how much time and work it takes to get a little old boat properly seaworthy and you'd also begin to realise how unrealistic, especially in terms of time frame, your plans are. If you really are serious, heed the advice of the people above who've taken the trouble to offer it and who've been there & done it...
Doge
Well-Known Member
If it takes longer then that's not a massive problem. But your right. If 6k would wreck my investment strategy I shouldn't buy a boat hence I wont buy one while that's the case. Crypto is a hedge against inflation and inflation is happening. Look at gas prices. I've positioned my self well with my investments in crypto and I have some gold too. Institutional crypto adoption is happening, Twitter being the latest example. Bitcoin is legal tender in El Salvador now too. If I sell such a significant chunk of my portfolio and then Tesla announces that they're accepting bitcoin and doge I'll miss out. I'll have a boat but no profits to fund myself. That would mean I'd still have to work next summer and would have less time to learn to sail. That path would take longer. Even if no big pump happens I'll be working between now and spring and so by that time the 6k will be less of a significant chunk. I'll be able to buy and still be positioned to profit from price moves. When I buy my boat I'll have to totally uproot my life and move to the coast. So no more income from my job. Maybe I'll get something part time. It's just not doable right now.
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Philippa
New Member
Id suggest to learn faster go on courses then get out racing, and try to sail on as many other boats as you can, to gain depth of experience.
sailaboutvic
Well-Known Member
Any one for a cup of tea
Doge
Well-Known Member
Suitability of small yachts for ocean passages
I notice in this thread a lot of the boats mentioned aren't listed as racing cruisers but just as cruisers. How important is this distinction in terms of seaworthiness in tough conditions? Also I notice the Sabre 27 has a bilge keel? Would make cleaning the underside much easier and cheaper if I could just park it on a beach but from what I gather it would make it less suited to tough conditions. Is this a fast rule? I wonder because the Sabre looks to have a lot of keel relative to many fin keels like the Saddlers.
I notice in this thread a lot of the boats mentioned aren't listed as racing cruisers but just as cruisers. How important is this distinction in terms of seaworthiness in tough conditions? Also I notice the Sabre 27 has a bilge keel? Would make cleaning the underside much easier and cheaper if I could just park it on a beach but from what I gather it would make it less suited to tough conditions. Is this a fast rule? I wonder because the Sabre looks to have a lot of keel relative to many fin keels like the Saddlers.
Kelpie
Well-Known Member
There are no fast rules. People cruise the world in boats barely bigger than a dinghy, or in canting-keel foiling racing boats.
The distinction between motor-cruiser-racer and combinations thereof is a bit subjective and often meaningless. Keel type is not very important either, although personally I would avoid anything that wasn't robust.
Don't get fixated on particular design features. It's all a matter of compromise anyway. You can have the best designed and maintained boat in the world and still get run over by a ferry on day one of your round-the-world adventure.
cherod
N/A
if you are into the bitcoin you will have noticed it has recovered from it most recent dip , up masssively since its big dip year or so ago ,, hang in there and if it does explode as some say it will in a year , maybe less , then you can afford a much bigger / better boat this time nxt year .. good luck 
ps,, and buy a catamaran
ps,, and buy a catamaran
newtothis
Well-Known Member
If you are into the bitcoin you will have noticed it has recovered from it most recent dip , up massively since its big dip year or so ago ,, hang in there and if it does crash again as some say it will in a year , maybe less , then you can afford a much smaller / worse boat this time nxt year .. good luckif you are into the bitcoin you will have noticed it has recovered from it most recent dip , up masssively since its big dip year or so ago ,, hang in there and if it does explode as some say it will in a year , maybe less , then you can afford a much bigger / better boat this time nxt year .. good luck
ps,, and buy a catamaran
ps,, and buy a dinghy
cherod
N/A
over 40 today and still going upIf you are into the bitcoin you will have noticed it has recovered from it most recent dip , up massively since its big dip year or so ago ,, hang in there and if it does xxxx again as some say it will in a year , maybe less , then you can afford a much xxxx / xxxx boat this time nxt year .. good luck
lusitano
Well-Known Member
This time next year Rodney............................over 40 today and still going up
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