Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Odusko
on 20/11/2024, 20:18:01 UTC
⭐ Merited by JayJuanGee (1)
However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.
Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).
Most importantly we should not forget to point out the individual differences and our peculiar situations before reaching a fuck you stage, I remember a guy that bought a lot of Bitcoin when the price was low and Banks in my country allowed for direct Bitcoin transactions through the Bank, before the government restrictions, the dude thought that with his current amount of Bitcoin holdings he gave reached the level of fuck you stage with his bank employees, and when a policy that doesn't goes well with him came he quit his job too early, and instead of holding on to his Bitcoin holdings, he dived into some other alternatives investment by liquidating his Bitcoin holdings to channel the money into some other business.

But not long he realize that he gave messed up and need to restrategize so the experience makes us very important to know the exact time to say fuck you and leave on your Bitcoin, he who holds BTC have freedom and there is no need to exchange your Bitcoin to invest in some other alternatives, rsther one should think of hoe to increase your total bitcoun holdings to increase your profits potential in the future.