I know I will get a lot of hate for this But at what BTC price will you start taking some profits? (Not saying I will)
Never ever ✊🏻
Answer I was looking for
$10M
In today’s dollars or?
In todays’ yes, can’t even fathom how more worthless USD will be in the future
😅
If it gets to $10M you’ll have far bigger problems to deal with and selling won’t be an option.
For me it's not a number, since I don't know what will happen to the relative fiat purchasing power. I prefer to think of it this way: If my stack gets to a certain multiple of the average home price, I might part with some for a place to live.
This is a great answer
It's not so much about the price for me, but rather the age.
If at some point in 2025, we get over $220k/btc and the greed index is extremely high, meaning there's a high probability (no certainty) that price will be lower later, then I might sell a few percents of my stack to (hopefully) buy back more later. That's what I did late 2017. But I didn't do it in 2021.
Not possible if you have to pay taxes
Indeed, there's no taxes in my case
Legend
None for me - I've got most of what I want in life and am happy to work for what else I desire, since it gives me goals to aim for - my stack is being passed on, with instructions, to my daughter and hopefully her kids and theirs and theirs.
Beautiful to read! Beautiful how everybody has their own goals
I will start pondering this once my stack is equivalent to at least a full block subsidy Odds are i’m never selling, but at some point, either then or probably later, i will go into spend mode aka retirement (I just thought of this now but it’s the fucking way)
Spending > selling
100k i think..like many... but only if i need to buy things or for food. Due to the inflation in fiat, I won't take a lot of profits, the best way for me is to spend it when i really need it.
That’s early 😅
Till fiat dies. Work on yourself so that you keep on generating cash flow and you never require to sell any of your sats.
👌🏽
fiat is a loss
💯
Trying to live on a Bitcoin standard. I just use my money and keep it pushing, no reason to hold a fiat bag.
Agreed
Probably won’t sell for fiat but spend for goods and services when the need arises. Price will be secondary question.
Agree! Will do the same
Will try never selling. Wherever capital is needed I just take a bitcoin backed loan. So far so good.
Cool! Wish there were good lending options in Europe
I already do. I buy quality goods and services I need with Bitcoin as a preference whenever possible.
Value for value
It truly is my goal to never sell and pass onto the kids. I like my fiat job and will continue to work there even if BTC goes to $1M or whatever. It’ll be tempting to be lazy though. Hopefully can stick to this. 🤷🤷
Thanks for your beautiful answer
For me sats come and sats go, it’s not an investment mindset though, more of a saver mindset, with sats in and sats out as life requires. Sats aren’t the goal after all, life is the goal, taking care of family is the goal. I don’t know what will happen with any currency in the future. No one does, really. But I prefer the flow of sats to the flow of dollars because of their inherent quality so try to have that mindset.
it's not about the messenger it's about the message
It’s a fair question to ask. Depends on your perspective, if Bitcoin is meant as an exit from fiat then answer is NEVER. If it's an insurance policy for debasement then sell when you can trust debasement is over.
Don't think you'll get hate, as much as different perspectives. Many here aren't "trading" or "investing" so it's not about "taking profits". I certainly would not be trying to time the market and take profits before it goes down. I'd be saving in bitcoin. It's a non-inflatable store of value, of energy, of hard work. If I needed to make some big purchase in the future for which I didn't have enough fiat, I'd sell what's necessary of my stack. I wouldn't be putting fiat into bitcoin that I know I'd need for day-to-day expenses, or short-term big purchases. I'd only be putting into bitcoin, what I plan to hold for the next 4+ years (at least)
Great answer! I agree
58k
😂😂😂