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I'm kind of tired of hearing this "never sell your bitcoin" grift. Yea, that's great in a world of corporate finance where apparently there are huge lines of lemmings to give you money for basically free.

However, on the retail side, almost no good options exist without significant counterparty risk. I resorted to having to use Unchained because my use was for an investment so i formed an LLC and was able to make that work. Great.

Hearing some of the latest content from people like Mark Moss telling you once again to never sell your coin, but also failing to mention as someone who should be an expert has been liquidated himself in BTC lending.

Just tread lightly with all this influencer bullshit fallacy of never selling coin. Do what you need to do. Live below your means. Take care of yourself and your family - you're not going to live forever. And in the words of nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx, live freely.

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Discussion

d0708145... 1y ago

Well said, it's a bullshit narrative in my eyes. I'll be selling enough of mine towards the end of next year, to see me through 4 years. 4 years after that, I'll be doing exactly the same thing. I'm going to be doing this EXACTLY because I want to live free. I don't wish to work anymore, it's that simple!

DRE 1y ago

That grift is for people that have an “allocation” to bitcoin.

ODELL 1y ago

NAILED IT.

FIAT MINDSET.

SuiGenerisJohn 1y ago

Never sell your bitcoin but sometimes spend your bitcoin.

SUPERMAX 1y ago

Exactly

21 Stackage 🦡 1y ago

Fuck bitcoinbugs, sats aren't for just hodling like they're S&P shares

Brisket 1y ago

I would say never sell all your Bitcoin.

That would be a mistake.

Using your Bitcoin as collateral for a loan usually involves putting twice the required funds at risk. At the moment those risks are not insignificant.

Maybe in time lenders will recognise that the risk can't all be on the borrower if they want our business.

Ultimately you are the only one responsible for how you use your Bitcoin. Every decision has tradeoffs.

WhiteRabbit 1y ago

Agree 100%. I have no doubt we’ll start seeing more consumer lending products 2025 from major institutions - but the trickle will be slow. Plan accordingly.

Brisket 1y ago

It's pristine collateral in a sea of risk, they just haven't figured that out yet.

Saylor is showing them how they can minimise their downside risk while capturing the upside volatility. You're right - the retail products are coming but they will take time.

I think patience is the lesson we should focus on this epoch.

ODELL 1y ago

WORK HARD.

SAVE IN BITCOIN.

SPEND IT ON THINGS YOU NEED.

𝙰𝚂𝙲𝙾𝚃 ↯ 1y ago

#ZAP THOSE WHO DESERVE IT

#BITCOIN #V4V

₿lockchainYog丰 1y ago

Like yourself boss

corndalorian 1y ago

Save in bitcoin. Sometimes savings need to be spent.

JackTheMimic 1y ago

Selling is when you exchange currency for an asset or good. You should absolutely SPEND your bitcoin which is exchanging a monetary asset for another asset or good. You should never sell your bitcoin for a fiat coupon.

Lebanese Hodl 1y ago

Lmao Mark Moss got liquidated?

Stay Humble, Stack Sats.

WhiteRabbit 1y ago

Yea he talked about it on some podcast saying it was the first time he’s ever mentioned it publicly. He also admitted to being wiped out in 2008. Last guy I want to take advice from

Lebanese Hodl 1y ago

Yikes. I remember his video where he was clamoring you'd be able to borrow your way to a million dollar bitcoin. Engagement baiting is so irresponsible.

Diego Valley 1y ago

Liquidated BTC? He mentioned getting over his skis in 2008 with real estate.

Kaizen 1y ago

Do whatever you want to do with it. That’s the beauty of it.

Yuri Yerofeyev 1y ago

“Influencing” is almost impossible without hyperbole which many people consider actual truth or call to action.

Bitcoin Boomer 1y ago

I agree. At some point I will find something to use my bitcoin for, but in the meantime, it's the perfect rainy day fund to store wealth in a world of diminishing value holding fiat. If I hold bitcoin forever, how would that help me? But, if I have a low time preference, when it comes time to sell some (probably not all), it will have, at minimum, held its value, but most likely increased its value since purchased.

Satoshi Nakamoto 1y ago

Never Sell Your Bitcoin

btcschellingpt 1y ago

100%.

Exactly what part of “permissionless money” are some of these folks not getting?

Bitcoin is the ultimate savings tool; Savings are the store of excess you create against future uncertainty