Unpopular opinion: Feel free to sell some #Bitcoin if there is a big purchase that improves the quality of life for you and your family. Really, it's okay.
Else, keep stacking.
Discussion
I'm not selling you my sats sir
If you don't have anything worth trading them for, keep them š«”
I see people over analyze. "Yeah but that house I bought 4 years ago would be worth X amount in Bitcoin." But you also provided a stable home for your family and created memories. Bitcoin is a tool, use it.
Trade the cycles. Sell some, wait and buy some more
Yeah thatās a great approach that I personally find effective. Some people donāt have the resolve for that.
Right. They have a lot of beef with it because I donāt think they understand how this works. Multiplying your corn is great if you can manage it. Accumulating more is the game to play.
This.
Money is a tool. You have to use it (i.e. spend or donate) for it to be useful. Otherwise, itās useless.
Weāre not talking about frivolous waste. Weāre talking about quality of life, like you said. Donāt defer gratification so far into the future that you donāt enjoy some of your gains. I donāt know when that is for you or anyone else. It is a personal choice. So learn whatās important you and prioritize that.
Absolutely. And this is why I object to both businesses (Microstrategy) and governments (El Salavador) just buying and holding Bitcoin. It only becomes powerful when it moves.
Iād be in serious doo doo if I hadnāt sold at the exact bottom. I had to move and that included a whole music studio.
But I build a lovely shed space, even if itās now the most ridiculously over priced shed now, it brings me joy and happiness. Plus I have a roof over my head.
Do what you need to do, when you need to do it and ignore the bloviating āinfluencersā.
Depends on your age. Too many young people start their lives with a high time preference, which is completely backwards.
Exactly
šÆ
Tend to agree, especially those purchases that provide a stong stable foundation in your life. Removing risks and stress from you life can provide an even better base on which to hodl.
Correct. Just treat Bitcoin like the money that you expect it to become. Save it when you can for spending it when it makes sense to do so. If at the moment that means you have to trade it for fiat first in order to spend it, so be it.
it's what it's for! š
If you only own Bitcoin then you will need to sell Bitcoin to live.
Not selling to the ETFers
nice try suit