Hi All.
Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC. If you don't believe me, that's fine, I don't care. I’m not providing my BTC address due to the recent Coinbase hack which would reveal my identity.
I am now, for the first time ever, thinking about selling all of my BTC.
Why?
Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.
Should I sell, spend it all on hookers, or some combination of the two?
BTC is highly overvalued at the moment because the price is about one magnitude (ca 10 times) higher than the equilibrium price determined by the BTC acceptance (popularity) rate. I would suggest to sell now and buy back when the price is normalized.