@JJG
My average sell price was something like $53,800. I sold some at $60,000 & $65,000. I sold nothing below $50,000. I’ve bought a nice % of what I sold back. Still have a lot of dry powder though. If for example we were to go to something like $12,000 - $15,000 I might end up with a similar amount of bitcoin that I had in 2021 & that’s after buying a new home outright from bitcoin (no mortgage) & paying capital gains taxes.
Did you get thousands of questions from the exchanges you sold on, then thousands of questions from the banks you sent the money to?
I’d already verified myself beforehand with Kraken as a pro member or whatever they call it (the highest band). I sent them proof of purchases etc. This was a while back though. I have to admit they were fantastic, every withdrawal was smooth & quick.
My fiat banks were fine too as again I’d pre warned them.
The biggest issue I had was buying a house. The solicitor (property conveyancer they call themselves here) made me jump through hoops to prove source of funds. For long periods I thought I wouldn’t be able to use bitcoin generated fiat profits to buy a home. I printed off every transaction going back to 2014 & in the end they passed me.