Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
MainIbem
on 20/11/2024, 07:44:00 UTC
Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

Two statements you made caught my attention, "living assets for your offsprings and having a source of income or business running before investing on Bitcoin" which is very important, investing on Bitcoin without owning a business or stable source of income is like a farmer going to the farm without his farm tools, a stable income is one of the driving force in Bitcoin investment that aids an investors accumulation journey and keeps it going smoothly for long-term, with it an investor would maintain discipline cause they have something to fall back to instead of withdrawing from their portfolio to solve problem during times of emergency. Bitcoin is the future, it's not something one invest to get rich quick or take profits when there's an improvement on their holdings, it requires time and patience and if an investor does have a steady flow of income, along the line they'll be forced to take profits and utter their investment journey due to lack of funds. For instance, if Micro Strategy wasn't generating income outside Bitcoin I don't think they would've been able to keep buying, they would've taken profits instead of holding, more reasons why it very important to own a business or have a source for steady cash flow before investing on Bitcoin.