Post
Topic
Board Bitcoin Discussion
Re: Do Bitcoin Maxis sell - ever?
by
OgNasty
on 25/01/2022, 02:13:07 UTC
How do you guys feel about selling BTC for fiat gains (or even at a loss [maybe for tax reasons or because your insane  Grin ]?

Do you guys life by the "No Neo, I'm trying to tell you that when you're ready... you won't have to (sell your btc)"-Meme or
are you mere mortals that sell before they lose their fiat profits?

There's nothing wrong with getting some gains.  I try not to sell, but as a longtime holder there have been times when Bitcoin makes up an uncomfortable amount of my net worth.  There's no point in losing sleep over volatility, so I think it is always good advice to have only what you can afford to lose in crypto.  If you're losing sleep over the volatility, you own too much.  I also think it's always best to pay off debt before speculating too much with investments, so that should always be your first priority.  There's nothing wrong with selling your BTC to pay off all your debts, and then beginning the stack again.  Life gets a lot easier and less stressful when you're debt free and diversified.