75% of my stash goes nowhere this cycle. I have sold some at $60,000 & at $65,000. I even panic sold some at $57,xxx & $56,xxx recently. I have extracted a large amount of cash already & have some corn on an exchange which will be sold this year too. I’m waiting for hopefully better prices before the bull run ends on them though.
I can guarantee 75% of my stash isn’t touched this cycle. Some I’ve sold already though & that will total 25% before Christmas. I won’t regret it either. I will be retired at 35 with a new home without a mortgage, no debt, a lump sum of fiat to get me through to the next cycle. Probably look to invest in some stonks & maybe a small apartment or two to rent out also.
75% going nowhere though.
25% partially sold & will all be sold by New Year.
No regrets, after buying & HODLING since 2014 this is the first time I’ve extracted significant funds from bitcoin. I think I deserve it, less pressure & panic watching charts. Peace of mind is something important I think.
Sounds like a solid plan, well executed. Below is a small critique (from a different perspective).
1. It is more relevant for those who don't have other investments. With bitcoin still appreciating nicely, what's the point of selling an asset that appreciates 100% a year and gain an asset (RE) with rents at about 5-7% a year (plus some appreciation)? Of course, if it is a diversification move, than it is another story.
2. I don't really see a point of being retired at 35. In most cases, it does not end up well, but of course, there are exceptions.
3. Paying off the mortgage and spending cash that could gain more than mortgage (3% or even below) also sounds like a move that is typically not advisable. It is more secure this way, of course.
To conclude:
nicely done, but you will need to think a bit more as to how employ the cash generated. Does UK have cap gains taxes?
If so, i hope that they are more modest than they are projected to be here soon.