So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.
There is no need to feel alone in the sense of screwing some things up in your earlier years in bitcoin, and there are quite a few examples of guys who were not really holding their BTC and they were either spending too much or not employing a "spend and replace" kind of strategy that would at least cause them to not lessen the quantity of their BTC holdings when they did choose to spend it.
Maybe I would have ended up thinking about bitcoin much differently if I had come into it and the fiat value of my BTC was going up right from the start, rather than my first 2-3 years were mostly either down and/or bitcoin's failure refusal to go up.
I recall most of the time in my first three years into bitcoin between 2014 and 2017, I was pretty intent upon "right away" replacing any BTC that I spent, and I suppose that after my BTC were more in profits.. I was less intent upon making sure that my BTC replacements happened right away.. and perhaps causing a lot more relaxation in terms of employing replace after spending practices.
Maybe the $100 million question relates to determining how much to sell and when.. and to maintain some BTC no matter what, even if there are likely going to continue to be periods in which the BTC price is going down substantially in dollar terms, and such going down may even go way further than expectations and stay in such DOWNity doldrums for way longer than expected (or preferred). . .
I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made
This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action.
Thanks for the link. I will try to take a look at that thread in the coming days.