Oddbean new post about login | logout I'd never sell it all unless I'd also lost conviction in its future. There are price points where I'd trade some sats for the things I desire. There are prices where I think I'd rather have a little more fiat than I currently have (near zero right now). It was when I realised that I didn't want to sell it all that I actually went all in (except for the family home). I just prefer to hold Bitcoin than any other form of value.
I'll happily spend, but by choice will never sell unless family emergency and I can't buy what I need with Bitcoin.
I see no shame in selling Bitcoin. I've been selling it sat by sat for the last year after leaving the fiat mines. It's been emotional at times but it's also been interesting. It's also partly your fault. I ran the numbers & figured I could live forever by only selling 10% of my stack each year.
Ha ha...that is true. No shame in selling at all. It's your money, do whatever you want with it. If you can purchase what you need directly with your Bitcoin, I think that's the best way. But if you can't, you can't. The best thing about spending Bitcoin is that (at this stage) you're generally spending to someone that is trying to hodl just as hard as you are.
And if you have to sell for cash, it's less painful to sell your KYC stuff to an anon for a premium. At least you know they're going to value their KYC free sats.
Hodl Hodl?