buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
why sell at all?
1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil).
That 1% interest is most likely deductible as well, especially if you have a LLC.
NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc.
Absoulutely! Never sell, even for massive profits. Just generate an income from your stash in one way or another.
Edit: replied to the wrong post
I sell often and will do so.
Due to mining ⛏ expanding the mine is a slow steady job.
We are suffering a huge excess of cheap power. it is good but you can fuck up if you rush to buy high priced gear.
So we want to expand a lot but at well priced gear.
But we dont want to buy on credit .
So if 4 btc comes into the mine we keep 2 and sell 2.
The mine grows
the bills get paid
the coins stack.
If I sell.
0.01 five times this week. I still will have some to stack.
My trading is still trading. but hard gear is part of the equation for me.
But I did mine and hold from 29k to 41k .
then sold a few pieces of coins and old gear for expenses.
Took me years to understand juggling ratios
cash
bills
coins
gear.
it is more work
it is more complex.
but I have reached a point that profit will happen so risk is lower.
Yeah your situation is a little different because it's a business. But I'm sure you have a stash set aside from over the years you've been mining and that you don't have draw upon for business expenses (or your trading). Don't sell that stash.
Infact, assuming you can stay mining for the rest of your days your income can come directly from that. So, surely you have no reason to sell any of your stash, baring an emergency, etc.
This took a long time for me to do.
Realistically I should be at 20 coins.
Reality is I am not .
I am in the 1-10 zone.
If you count the gear. I am pretty good.
If you count the coins I am meh.
If you count the debt I am very good.
If you count the cash I am meh.
It is tough I have access to 1.15 mega watts
I am using .3 megawatts .
Now the power deal should last for years to come. Buying gear responsibly is very tricky.
I really really really try to dca the gear.
So I did not buy any 15000 usd s19 pros but we only got two s19 pros when they were 2500.
Of course that was last Year July 2020 and mining was shit. A 2500 S19pro was meh. I did get a 850 s17 pro a really good buy. It earned back all the btc I paid and I can sell it for 4 k easy.
But yea this has morphed into a job.
and 2021 has been good to the four of us. in on this deal.
2018 was meh
2019 was meh 1 or two good months
2020 has three good months
2021 every month was good. 8 for 8 never happened in any year I mined.