Quote from: JimboToronto on November 04, 2023, 10:14:12 PM

Quote from: Bananington on November 04, 2023, 09:58:26 PM

Quote from: WatChe on November 04, 2023, 07:04:28 PM

You always say that there is no point in Hodling Bitcoin forever. We must sell some of them with time when we are getting good return. If someone has average price in double or triples then wont it be good idea to sell them when Bitcoin touched its ATH of 67k.

What is point in making some profit from investment that you cannot spend. The joy in investing is being able to spend some of your profit without tampering with your capital. People who will choose to sell off some of what they have been holding after the increase in price to me will not be doing something wrong.

I think that selling Bitcoin for fiat currencies because of the price is silly. I prefer to take my profits in Bitcoin.

If you must spend some of your Bitcoin, do so based on your need to spend, not on the fiat price of Bitcoin.

Why not both?

When any of us get to various stages of being in considerable profits, it may not really matter so much if you sell some at 20x profits or at 50x or at 100x or perhaps some other higher x x... .. but at the same time, there can be some extra utility in terms of either making fiat-valued purchases (whether straight from bitcoin or having to go to fiat first) or selling into dollars and keeping those dollars as available in case you want to use them later.. especially when we are in for a while we can see BTC prices moving up and down and we can even use something like the 200-week moving average to guide us regarding how frothy we might consider the BTC price to be (in dollars) even though we might end up being wrong.

Sure dollars are not that likely to hold their value in the long term, but we already know that sometimes they might hold their value better than bitcoin during some of the correction periods and even some of the extreme correction periods that are likely going to continue.. whether the supercycle theory ends up playing out in the future, I am going to take the supercycle theory with a pretty BIG ASS grain of salt... but yeah, in the end, we can balance these kinds of allocations as we like, including deciding the extent to which we might keep some of our toes in both worlds, and sometimes it is good to have some of the traditional accounts in order to NOT be unduly drawing attention to ourselves, especially if we were to ONLY hold bitcoin or maybe some kind of strange sets of assets that mostly raises red flags... I am not going to say what is what because these are likely to be somewhat discretionary balances, and some of these balances might not work out for some of us as well as we think if we might not attempt to balance in ways that don't unduly make us look like someone who does not fit in, even if we might not really fit in, sometimes it can be helpful to look like we fit in, even if it might sometimes end up costing us some value in the process.

Quote from: Mate2237 on November 04, 2023, 10:56:55 PM

Quote from: WatChe on November 04, 2023, 07:04:28 PM

You always say that there is no point in Hodling Bitcoin forever. We must sell some of them with time when we are getting good return. If someone has average price in double or triples then wont it be good idea to sell them when Bitcoin touched its ATH of 67k.

Yes of course. In any investment you use the profit made from the capital to buy things for yourself. You can't store your bitcoins in the wallet forever. When you die who will come spend the money for you therefore, you have to spend you profit to buy things and have some fun. I believed everyone is investing in bitcoin and when the all time high has reached then you sell some and keep some then use the sell money to buy things.