To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.
In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.
Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.
It sounds like you've got a realistic take on your situation, and that's super important in the crypto game. Holding (or HODLing) Bitcoin long-term isn't a one-size-fits-all strategy. It really depends on your personal financial situation and risk tolerance.
With responsibilities like a mortgage and a family to support, it makes total sense that you'd need to cash out sometimes, whether the market's up or down. Life's expenses don't wait for Bitcoin's price to rise, right?
And no, you're definitely not "too broke" for Bitcoin. It's just that Bitcoin investment, like any investment, needs to fit into your broader financial plan. For some, it's a small part of their portfolio, and for others, it's a long-term bet. It's all about what works for you.
If 300% or 1000% gains are your dream, remember, dreams take time. And it's okay if Bitcoin's only a small part of that dream. Your financial independence is a journey, and you're navigating it with the resources you have. Keep focusing on that steady income, managing expenses, and maybe a bit of Bitcoin when you can afford it. Who knows? Maybe one day, you'll hit that dream without even realizing it.