Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.
Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.
Yeah you are very correct however if you have hold your Bitcoin for ten years and you are now ready to start selling them in other to start up another business it is good you sell only 5 to 10% each time the price of Bitcoin doubles so any business you want to go into should be in the range of the profit you will get when you sell 5 to 10% each time the price doubles now the reason why you should maintain this rate is because you are not sure of how the business you are going into will turn out so you need to make sure your Bitcoin investment is still very much intact for you.
Some people make the mistake of selling all there Bitcoin just because they want to start a new business or investment with the money and after selling it and the start there new business or investment some time later it crashes and they lose it and also lose their bitcoin investment so keep your Bitcoin investment going while trying out other business or investment.
Selling of 5-10% of Bitcoin should be done when someone has gotten to their overaccumulation stage and the fact that someone hold for 10 years doesn't mean they will get to this stage because of factors like unstable and unsteady source of income which will result to a poor discretionary income and emergency funds sometimes, and so it is very possible to hold till this... And still not be in overaccumulation stage.
Everything is mindset and planning, if someone doesn't plan, it mean they are already planning to fail, starting up a new business is not a wrong or bad thing but it should be done properly and I believe it is not all business that is worth selling our Bitcoin to start.
I was trying to educate him on how he should be selling his Bitcoin when his ready to start selling and one thing you most understand is that everyone has there target when it comes to Bitcoin investment, and yeah holding Bitcoin for 10 years those not mean one has reached over accumulation stage but it's not also compulsory that one most get to overaccumulation stage before he or she can start selling, like I said before everyone has there target when it comes to Bitcoin investment and when it comes to over accumulation it all depends on the investor, you can see having $500k in Bitcoin as reaching over accumulation why someone else may take reaching $300k in Bitcoin as over accumulation.
Showlove01 you are correct not all business that is worth selling our Bitcoin Because of starting another business however if you have reached overaccumulation or your target and you want to sell your Bitcoin and use the money to start another business sell only 5 to 10% each time the price of Bitcoin doubles so any business you want to go into should be in the range of the profit you will get when you sell 5 to 10% each time the price doubles.