Personally I can understand this if it's age-based reasoning. Unless your intent is to pass your Bitcoin down to your children or likewise than I can understand wanting to spend some of your Bitcoin in your older age. Assuming you're of an older age that is. I'm also aware of your general target that's similar to mine around $50K, which doesn't seem unreasonable next year and would likely be a good selling opportunity imo.

The difference being for me would be selling a decent portion next year around $50K would be in order to wait for lower prices. A years worth of accumulation will likely lead to a years worth of distribution, during this period Bitcoin will likely return to relatively low prices. That said, if it takes until 2024 to reach $50K then I wouldn't be interested in selling, as there would have been enough consolidation.


I do somewhat agree, I think Bitcoin over past few years may have gotten ahead of itself based on it's valuation. In reality, a billion dollar asset should be a functioning popular system, as opposed to a theoretically popular one. Sure it's being used in hyper-inflationary driven countries, but this is far from "popular" adoption by any means, and it may take much longer than many of us think to reach this adoption.

I still think it's heading in the right direction, nothing has changed there, but we're still a long way away from it being adopted as a reserve asset or popular currency within stable economies.

---

Never understood your reasoning for LTC/DOGE personally, and I say this as an avid shitcoin speculator - when I consider the time to be right for it that is.

For starters, Litecoin has been in a downtrend against Bitcoin since 2013 after further peaks in summer 2017. 2021 altcoin season only further confirmed it's weakness, so I fail to see LTC's relevance anymore. Once Top 3, now Top 20. Note how it was outperforming Bitcoin as a cheaper-to-transact POW currency until SegWit. It's only been down hill from there, as there is no longer any genuine utility for LTC.

As for Doge, there are many similarities that I see. While it has outperformed Bitcoin since it's existence - and even overlooking it's Musk-driven meme-based bull run - it's currently the cheapest to transact POW currency in the Top 10. But the question is, for how long? To me the comparison to Litecoin is very relevant here, because like LTC once SegWit was implemented (first on Litecoin & Vertcoin iroinically), it became useless. So while it will likely continue to outperform Bitcoin in the near future due to it's advantage of cheap transactions, what happens when LN is further integrated and utilised?

The irony being that for things like VPN I use Doge, as it's cheaper. But if VPN services had LN integrated, I'd obviously use that instead. Just my theory anyway, let's see how it plays out.