Re: The Bullish Media Center (The 1 stop Bullish BTC news source)
I am similar to you, at least for now, in that I am largely reinvesting almost 100% of my gains because I had never put into bitcoin money that I needed to live upon, and also I have a fairly optimistic outlook regarding upward bitcoin price possibilities. I have gone over some of my probability viewpoints with Fakhoury - but in the end, the summary of the matter is that I am largely reinvesting a lot of my profits until probably the $3k to $5k territory - though I may reneg a bit and take some profits out in around the $2k territory, if we get there, but my strategy in regards to whether I reinvest or diversify will likely be a result of some analysis regarding how fast we get there (if we do) and what seems to have caused us to get there (if we do).
My main purpose for investing in bitcoin is to prepare for retirement. I honestly believe bitcoin to be the best investment going above any other to date. Could something better come along in the future? Maybe in another 20 years. Bitcoin is one of those kind of things that rarely occurs in a lifetime [Maybe once every 200 years] with the opportunity for those who are investment savvy. If you think about it, something like this has got to be rare for so many people to be able to significantly increase their net worth over a relatively short time. That's if things play out the way we hope with 1000x or even 100x what it is now about 4 to 6 years from now. Most people spend their entire life to earn enough in savings of some sorts to live off of in their retirement years. Bitcoin has the potential to do it quite handsomely in one fifth of that amount of time. I'm talking about from this date forward.
I'm quite certain I'm not cashing out any of my bitcoin for the next 4 to 6 years unless I absolutely had to for whatever reason. I'm sure it would be tempting at times but I will try to refrain. I've always wanted one of these since they came available: https://www.youtube.com/watch?v=d29IN7UQACo That's one material thing many of us older people covet.
