I'd like to quote Jimbo here in my defense (IIRC, apologies if I'm attributing this wrongly to him) : "Buy if you can and sell if you have to" and it was clearly a "have to" moment.
That's what I thought when I saw JJG's response to you. If you've gotta spend, you've gotta spend. It's not an option that can wait.
Indeed I've preached "Buy if you can and sell if you must" for years.
Save if you can, spend only if you absolutely must. Take your profits in Bitcoin.
I am not going to proclaim to know when any of us might transition into such a phase as to it not really mattering too much.. and even mattering less if our average cost per BTC is in the double digits.. so the higher or cost per BTC, the more strategic we might want to be in terms of our sales, even if someone with $1k, $2k or $3k average cost per BTC would still be in 39x, 20x and 13x profits respectively, if we are using $39k as a possible sell point.
Personally, I still believe that there could be some value in attempting to be strategic about your sales too.. even if there might be some times in which you might be caught off guard in terms of managing your own cashflows.
In those kinds of cases that you have plenty of profits, you still can manage your BTC spending based on your cashflows.. so maybe we just assume that you are in profits and we assume that you are decently over fuck you status, so then maybe we would create a spending budget for
our current holdings of 88 coins, and if our withdrawal rate is 4%, then we would still end up with right around 0.3 BTC per month of spending, which is currently right around $12k per month.
I personally have been claiming that a 6-10% withdrawal rate is likely to be sustainable as long as we are measuring our entry-level fuck you status from the 200-week moving average rather than from spot price, so with an 8% withdrawal rate we are close to 0.6 BTC per month and around $24k per month in current cash value...and yeah, maybe that means that many of us could even have a much smaller stash and still have enough income from that... but we still likely need to figure out our own right balance so that we do not overly deplete our own stash or maybe pull the fuck you lever too early.
I guess it's back to DCA, no big dip anymore🤧😭, Grayscale pls dump 2 billion GBTC if possible 😅😅

NOW WE WOULD BE SCREAMING 😱 TO THE MOON, FOR THOSE THAT BOUGHT THE DIP.
At times I wonder whats the dip, when my friend is just Starting withe the last dip of 35k and I bought even lower for 25k and I SCREAMING dip, what's the dip? 😅😅
Anything right under 40k is a dip for for me right now.
Maybe anything under $69k should be considered a dip? Especially if someone is trying to build a stash and is in the relatively early stages of such.. meaning that if he has ONLY been accumulating less than a full cycle and if he did not come into the space with already BIG investment portfolio in which he could afford to lump sum allocate into bitcoin at earlier stages.
For example, there is a difference between a guy who stared out at $100 per week in the last 4 years and has accumulated right around 1BTC (with $20k invested), and maybe the guy who started out with $200k investment portfolio who might have invested $22k into bitcoin within the first year of investment (
$400 per week) and then maybe invested another
$23 k in the next 3 years (at $150 per week), so maybe he might have $45k invested in total ($22k first year and $23k next 3 years), but he also might have accumulated close to 3 BTC rather than just 1 BTC even though the main thing differentiating him from the newbie investor is that he is able to start out with stronger DCA approach (that might be considered a kind of front-loading of his investment) and maybe to be a bit more aggressive because he already has spent time building up his investment portfolio prior to getting into BTC.
#Bitcoin – A vision of a decentralized future. 🏙️✨ Is this the world we want to live in?
Source.No.