Post
Topic
Board Economics
Re: (SSS) - A Sane and Simple bitcoin Savings plan
by
JayJuanGee
on 27/06/2017, 00:49:57 UTC
HODLING is the strategy for winners.

No seriously, I'd say it really depends of how much BTC you have and your objectives. Personally I'm not putting all my money into BTC so that I can still live, buy a house, have a car, travel, etc., so BTC is a long term investment. Once my stash is worth enough fiat to buy an island and retire or something like that, I won't have any hesitation and will sell everything (or almost everything).

By the time I would want to sell any to use it will be time to use it directly and not convert through fiat.


Seems to me that the substance of each of the two above posts from today is very similar, and that is to HODL your bitcoins.

However, I think that the point of the substance of this thread and OP is to make a plan in order to take BTC profits along the way, and that plan might differ for folks, but selling some BTC along the way up can be helpful in realizing profits and to keep you from having too much value tied up in an historically strongly appreciating asset, namely bitcoin (although the same plan could be utilized for any other crypto that has similar realized expectations of price appreciation).