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Replying to Avatar WhiteRabbit

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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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.

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