Quote from: Biodom on Today at 06:37:42 PM

Quote from: UnDerDoG81 on Today at 02:18:01 PM

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.
Selling from bitcoin into equities-strange, but also within reason.

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.

I left Germany as soon as the Covid madness started. I purchased an apartment in Turkey in 2021 (85k euro) and brought all my stuff from Germany to there. So I dont pay rent for my apartment. The monthly costs of the apartment are 50 bucks for the whole building (swimming pool, electricity for elevators, security salary etc.). I am still registered in Germany because of the tax free cash out option. Other than that I don’t have anything to do with Germany. So right now I’m living in Thailand for over a year. But heading back to Turkey soon. I’m spending about 1.5 to 2k a month here for rent and eat good food and coffee and stuff. I’m a happy guy if I can keep this lifestyle. Not interested in lambos and yachts and blow. In Turkey I live a real good life for 500-700€ a month due to not paying rent and having no other expenses besides food.

As for the other replies, I would definitely buy back Bitcoin if it drops and we see another bear market. I missed this chance in the last 3 cycles. Even though I am kind of a veteran in holding, the last 3 bear markets were rough and I don’t want to stay on the sideline and watch another one. Also as I said, 11 years in Bitcoin but I still don’t fully believe that Bitcoin is 100% here to stay. As soon as it gets too powerful, the cabals will find a way to get it under control. They are dominating this world for hundreds, maybe thousands of years. They won’t let a crypto coin take the power from them.