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Comments (38)
I would “sell” my fiat to buy a house, so I should be just as willing to sell my BTC to buy a house too. It needs to have a purpose, besides just hoarding.
When bitcoin hit 50K or so I confessed to my financial advisor I had been accumulating since the teens. He didn’t object to it and said he saw the case for it and didn’t think it was a scam or going to zero or anything, but to make sure I locked in some profits. I scoffed at that as it went to 68K and then held all the way down. I could have sold less than half my stack, replaced my piece of shit car, DCA’d on the way down, and still ended up with more BTC than I started with. Sorry, some of us are in later stages in life, have financial obligations and have been around long enough to understand that the bitcoin thesis isn’t a slam dunk and we can’t will it into existence by living in the bitcoin maxi echo chamber. And sorry, no, your 0.1 bitcoin isn’t going to make you part of the global elite some day and let you sit around “borrowing against your bitcoin” to fund your life of leisure and pass on generational wealth to your kids.
I did in 2017…and purchased a used Ford Escape. No Lambo, but it was what I needed.
People on this sub don’t have girlfriends. They have sweatshirts and art with the Bitcoin logo on them.
They take vacations so they can buy coffee with Bitcoin and post pictures of it.
If you and your family don’t enjoy the rewards of your good decision making, then what is the fucking point?
At a certain point, the phrasing of your question won’t make sense, just as asking if you will ever sell your dollars doesn’t make sense.
But I’m class of 2020, have never sold a single sat, and I have no plans to do so.
I will use Bitcoin to directly purchase goods/services when:
* I run out of fiat currency
* I’ve spent my 401K and IRAs to zero
Or, when people will no longer accept fiat currency for goods/services.
What’s all this “we” talk?
Exactly my situation during the last bullrun.
I should have listen to my wife for once
Firstly, Look, if you’re living less than paycheck to paycheck, go get your life in order first. If you’re piling on huge debt interest and running your life with more expenses and debt than income, then you’re not ready to “save” money doing this. Go fix things, follow a budget and in some cases (not talking to everyone here) invest in therapy and medication to help with your impulsivity, inhibitions, and lack of delay of gratification. Once you are not accumulating debt and can be stable within your means for your needs, then buy Bitcoin with the commitment you won’t need or use those SATs for at least 4 years or more. But don’t ruin yourself financially with ungodly debt and interest just to hodl something you can’t even afford. Get your life and behaviors in order first or you’re always losing more than you’re saving and you’ll always come out in the negative.
Once you’ve accomplished step 1 above, then the more advanced stuff is possible. Namely: why sell your BTC when you can simply borrow against it? It’s ultimately deflationary money (yes, it is inflating slowly right now with mining, but ultimately more has been “lost” than will be mined in the future, and it will eventually stop mining more with a hard cap, so I am calling it deflationary as the most accurate overall terminology), so the purchasing power continually increases over the very long term anyway, making it so that it basically pays for itself the longer you hold it too. People do similar things with other assets.
What’s the point of investing on something if u never cash out??
Lol, whats this “we” business?
Only for Bitcoin Citadel pass.
Nope, not Selling
Bitcoin price on the day this thread was made is $21746.77. This was posted as a reference point to any future thread readers. Upvote if useful!
Cringe.
I buy and sell BTC often as an online poker player.
Im sorry but this is a L post
“We’re”
…No “we’re” not
Stay Humble, Stack Sats.
Yes. I can’t buy much with BTC right now so until the day comes where I can do it regularly then I’ll swap it for useable currency.
BTC is used as my savings currently.
Yes, if I need the money
Yes I would, if there were something I wanted to trade it for. But I’d also buy it back so my stack remained intact.
Bappeteboopity coin
Never
This is the way
Bout to sell tomorrow actually.
Will I ever sell it? Not if I have to pay taxes on it.
Yea it’s called trading
The point of currency is to keep it flowing
I won’t after reading The Bitcoin Standard :v
I mean, selling a portion when you need to improve your life it’s not bad. Here in Argentina we’re used to save using another currency (mostly USD) as our currency and economy and hole management sucks, but when you want to buy a car/house/whatever the fuck you we’re saving for, you sell your USD and voila!
the closest i think i would come is to eventually use it as loan collateral.
He’s a millionaire… not we.
Fuck. If I had enough to equal 70k I would just to be debt free
I too draw trend lines with massive gaps at the top to make a perfect straight channel instead of creating a wedge
I would sell my BTC to buy a larger home. Planning to DCA out a portion of my stack for a larger home. 2024 or 2025 can’t come quick enough.
Satoshi millionaires