Scraped on 11/08/2025, 09:22:41 UTC
This may sound silly because I’m holding since 2013. But I need some advice. I consider taking some profits for the first time ever. I’ve sold fractions in the past to pay some things. But never took profits like selling for fiat to hold fiat. I know all the sayings to never sell your bitcoin for fiat etc. But I’m also tired. Tired of the wild swings in the market. I would like to have at least something on the sideline if this Bitcoin ship fails one day due to something unpredicted. Whatever it might be. It would be an absolute nightmare to hold for 12 years and have nothing at the end. Because all my full wealth is in crypto. 97% in bitcoin. And 3% shitcoins I plan to convert to bitcoin if we get a altcoin rally. I literally have a few thousand on my bank account to live and pay the rent. That’s it.
So I wanna sell 10% of my holdings. DCA out. Here comes the problem. What’s the safest thing to convert to? USDT seems like a risk long term? USDC? Both had their bad moments in the past where both collapsed short term. But also I don’t prefer to hold fiat in my bank account. It’s confiscatable. And I don’t want the government (Germany) know how much money I have. Also right now I would prefer to hold it in US Dollar value because the USD is weak.
Also I like the option to hold it in stable coins and buy back if we get a bear market and go down to 5 digits again. I have no idea about investing. Of course it would be great to have fiat invested and get 5-7% on it annually. I could easily live off of that. But paying tax is theft and I don’t wanna feed the government.
Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 11/08/2025, 09:18:16 UTC
This may sound silly because I’m holding since 2013. But I need some advice. I consider taking some profits for the first time ever. I’ve sold fractions in the past to pay some things. But never took profits like selling for fiat to hold fiat. I know all the sayings to never sell your bitcoin for fiat etc. But I’m also tired. Tired of the wild swings in the market. I would like to have at least something on the sideline if this Bitcoin ship fails one day due to something unpredicted. Whatever it might be. It would be an absolute nightmare to hold for 12 years and have nothing at the end. Because all my full wealth is in crypto. 97% in bitcoin. And 3% shitcoins I plan to convert to bitcoin if we get a altcoin rally. I literally have a few thousand on my bank account to live and pay the rent. That’s it.
So I wanna sell 10% of my holdings. DCA out. Here comes the problem. What’s the safest thing to convert to? USDT seems like a risk long term? USDC? Both had their bad moments in the past where both collapsed short term. But also I don’t prefer to hold fiat in my bank account. It’s confiscatable. And I don’t want the government (Germany) know how much money I have. Also right now I would prefer to hold it in US Dollar value because the USD is weak.
Also I like the option to hold it in stable coins and buy back if we get a bear market and go down to 5 digits again. I have no idea about investing. Of course it would be great to have fiat invested and get 5-7% on it annually. I could easily live off of that.