Quote from: tiCeR on Today at 09:16:50 PM

Quote from: ginsan on Today at 09:06:55 PM

Quote from: tiCeR on Today at 06:49:38 PM

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It may be true that if you are in that situation you will make two decisions, the first is to get luxury goods/houses or everything that you have dreamed of for years, and the second decision is that you will think wisely about the bitcoin investment that has been built from a long time ago. Yes, my answer is maybe if we have achieved the desire to have a luxury home and at that time all your wealth that you have in BTC. If it happened to me, maybe I would only sell some BTC and the others I would keep for years to come.

The reality is someone who has fallen in love with Bitcoin of course will not leave BTC in the investment that he will make. So at this point we can rebuild our BTC portfolio by accumulating every week because we only sell some BTC just to satisfy ourselves with our dream of having a luxury home.

This often happens to the wider community where they change their lifestyle when they have reached the level of wealth that they have built from the investments they have made. I remember one word, fulfill your dream when you are able to achieve it. Yes, that is a common thing and we remain in our position to have BTC and also have a luxury home. Just sell some of it and buy it back through DCA, of course, slowly you will have the BTC back like before you sold it.

You would be surprised about how many old people prefer to die with a lot of money in the bank and under their pillow instead of buying watches, cars or go on a cruise. Many of them own a house or two because they prefer to be independent. But the main reason is what once you reached a target you worked towards for many years because you always thought you want pure luxury all day long, there is something going on with many people that keeps them from sending their money without thorough consideration.

I believe that bitcoin is such an asset. Sure if you are a whale and you are sitting on a bag of 30,000 BTC like Tim Draper, selling some wouldn't hurt you, but often times even these people keep this asset. Draper bought at just over $600 and still holds 29,600 BTC. Why? Why wouldn't someone who bought for a little less $18 million not sell for $18 billion? It's a question someone should ask themselves before they consider getting rid of their holdings because they feel like buying a new car.

Those who stucked physical currency in Banks or personal savings are just some kind of selfish and people who lacks vision of making profitable investments that can stand a long time and even being inherited by their offspring because I have heard of people who stucked huge amounts of money in a room and even in underground buildings and dies and when these money were found it has already rot in there. How can someone keep Money without investing it on meaningful assets that can be passed from one generation to another.

There is different between the whales and the ordinary investors because while the lower investors are still struggling to build their portfolio, the whales already has huge stash which even if they decide to sell it won't still affect their holdings. However it will be unwise if someone decides to sell part of their Bitcoin holdings just to acquire a liability in form of assets just because you want to feel luxury or you want to live a larvish lifestyle. If someone who have huge amount of Bitcoins decides to sell part of their holdings and invest in more valuable asset it is considerable instead of selling to acquire luxury things that are not bringing anything to you