Quote from: Mr.sprin on April 29, 2023, 04:50:44 PM

Quote from: danskgraes on April 25, 2023, 05:01:07 AM

When Bitcoin hits 70k or 80k, I'll sell enough to pay off my student loans and take a nice vacation. After that, I'll keep holding on to it for the long haul. Who needs a Lambo when you can be debt free?

it's a good idea if there is a need, then it's not wrong to sell bitcoin according to needs, especially to pay off the remaining debt, we hold it for a long time to wait for the time when bitcoin will reach ATH again.

Debt free should be the target as it relief you of alot of stress and after paying off your student loan or any other debts that you owe, you can then start saving and then reinvest in Bitcoin for future purposes. If Bitcoin increase, I'll sell and wait for the market to correct before buying again and with that I'll have profits to use for my other needs.

There's no point of me holding when I know Bitcoin dumps after it reaches a new all time high, I can always buy Bitcoin again and hold for the next bull market. I'll just wait until I noticed the market is beginning to lose some volume as signs of a bear market coming then I sell my Bitcoin for profits.