Ok, my mini panic is over (I always have one when we start a sharp descent).
Im over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term were all going to be very wealthy. I may panic at times but I havent sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if Id have waited
What do you consider wealthy?
1 million
5 million
10million....
For me personally 5 million is enough to live a nice, comfortable, enjoyable life.
if you plan to retire based on your
BTCitcoin wealth and the price reaches your target you should hedge (with Futures or Options) against further price decline. it is better than convert into FIAT IMHO. you will be protected from decrease of the price but you will also not participate on further price increase. it depends on what type of human being you are. more a safety searching one or more a gambler one.
Interesting, I'll look into this.