As someone who never sold or took profits since the purchase in 2013, what yall think of the idea to sell 1% at every 10k+? Starting now at 69k and next would be 79k and so on. I don’t need the money thank god. But even though I believe in Bitcoin, I really would like to have something left if ever some black swan event happens, western governments ban cashing Bitcoin out, a hack of the network or whatever. Even though I don’t need the money, if any black swan event occurs, I would love to keep my lifestyle as it is right now. Retired. Traveling. Spending about 2k a month for everything including rent, food, travel costs etc.
What do the long term investors here do? Still 100% in Bitcoin (I am) and forever until the last day?
Edit: The next question is, I would not want to hold fiat on my
Bank account. But I also don’t want stable coins. I don’t want to hold anything the government can take from me.
Edit2: I don’t trust Blackrock and all the others. I find these ETFs fishy. And they COULD have a plan to destroy Bitcoin. That’s why this question.
If I had a stash of 10 coins that cost me 1000 each.
I would peel 1 coin off and set up ladder sales with it.
.2 at current price of 68 or 69 this gives me over 13600 which is more than the ten I got at 1000 each in 2013.
I still have 9 in cold storage
I still have .8 to ladder sale.
say
.1 at 74740
.1 at 83830
.1 at 93930
.1 at 98980
.1 at 111110
.1 at 122545
.1 at 131131
.1 at 141141
now this assumes you have 10 coins at a cost of 10000
you end up with 9 coins and a lot of cash 💰 above the original investment.
That sounds like a plan. I was also thinking to sell 10% maximum.