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.
The main idea-is sell when you must, but "must" could be different.
1% every 10k makes some sense, but these are "artificial" numbers, not corresponding to some "natural" progression.
I am in more of a "sell to pay for something" camp.
However, you are a bit strict with your approach (no banks, no stables, etc).
What's left: gold/silver (physical), residential real estate, including rental projects (worldwide), farm land or farms, timberland/timber.
I saw the youtube video (sorry, no link) about a couple of german multimillionaires investing in timber as diversification.
I am amazed by the fact that $2k/mo is enough to live (in Germany, I assume), including traveling and rent.