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The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.
Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.
The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.
Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.
You make a good point about accumulating bitcoin, yet I am not sure what you point about selling is?
What are you selling your bitcoin for?
From your perspective, Wind_FURY, what are you going to buy with your bitcoin when you sell it at those supra $1 million prices?
By the time bitcoin reaches $1 million, we probably won't have very high world adoption, and some guys are going to have had accumulated less than 0.1 BTC or maybe they were able to get up to somewhere between 0.25 BTC to 0.5 BTC, and you want them to sell?
Maybe we should focus on accumulating, first?
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What is happening now is the greatest transfer of wealth in human history and the rich, who always knows how to stay rich, are positioning themselves once again to dominate this new oil. The good thing is that bitcoin give both the big capital and small fries like some of us the same opportunity to be part of the future and the new money. Those still doubting will be left behind because believe it or not, bitcoin is the real deal now. Like you said, we should hold our bitcoin and not sell because that will be the biggest mistake anyone could make. Buy as much as you can, store them properly and forget them there, that is the sure way to wealth. I thought that I was agreeing with a lot of what you say, yet I was a bit thrown by your "forget them" advice.
It seems problematic to be suggesting that guys forget their bitcoin, even though it is good to accumulate bitcoin and secure bitcoin, but forgetting them? That seems problematic.
Another thing is that guys sometimes get locked into shitty paying jobs, so sometimes they might need to spend some money (and/or time and energies) in order to put themselves in a place to be able to make better money. These are not easy choices, and the answers are not obvious since they likely take some efforts from the involved person and also sometimes based on a variety of preferences and the potential to build on already existing skills and characteristics.
Our energies are high while we are in our 20s or 30s and that's the time when we must not stick with our monthly salary (if it's not adequate). One must go for extra work to generate extra income that we can use for investing in Bitcoin. Also if it becomes our habit in early age to work hard then we carry that with us as we grow. Inflation and low salary should not be an excuse, we have other options to increase our earnings. These days inflation has gone up and people are finding it hard to live with monthly, it's essential for everyone of us to find some extra work to invest in Bitcoin. It seems that guys can try to figure out how to invest time, energy and money into bitcoin, so not just investing money into bitcoin.
Another thing is that guys sometimes get locked into shitty paying jobs, so sometimes they might need to spend some money (and/or time and energies) in order to put themselves in a place to be able to make better money. These are not easy choices, and the answers are not obvious since they likely take some efforts from the involved person and also sometimes based on a variety of preferences and the potential to build on already existing skills and characteristics.
Our energies are high while we are in our 20s or 30s and that's the time when we must not stick with our monthly salary (if it's not adequate). One must go for extra work to generate extra income that we can use for investing in Bitcoin. Also if it becomes our habit in early age to work hard then we carry that with us as we grow. Inflation and low salary should not be an excuse, we have other options to increase our earnings. These days inflation has gone up and people are finding it hard to live with monthly, it's essential for everyone of us to find some extra work to invest in Bitcoin. Most times I don’t have to judge or do a hasty generalization on people especially if I don’t get to know what they might be going through personally and at some point, I believe everyone who knows about bitcoin and believes in it should want to invest and even hold it for long as possible but trust me, a good number of them are not holding it for several reasons and we do not have to blame them totally for it, especially if we don’t know what they might be going through.
If you cannot generate enough discretionary income to be able to invest in bitcoin for 4-10 years or longer, then you probably should not be investing into bitcoin until you are able to figure out how to accomplish such.
If you never get to a point of being able to generate discretionary income, then you are not eligible to invest into bitcoin, since you need a 4-10 year or longer time horizon. .. otherwise if you buy bitcoin with a less than 4 year time horizon you are trading and/or gambling rather than investing, which may or may not work out for you. I don't recommend trading/gambling with bitcoin... even though some people will do that with their coming to bitcoin with less than a 4 year time horizon.
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But it's also sort of bad, and sad, that there will be other plebs like us that will be forced to sell because of difficult life-conditions. Maybe the BitcoinTalk admins should encourage/incentivize plebs to trade their coins with other plebs in "Currency Exchange", https://bitcointalk.org/index.php?board=53.0
Plebs will sell to fellow plebs/HODLers instead of selling their coins in an exchange where the billionaires are waiting.
Holy fuck, Wind_FURY.
Why does it matter how you sell your bitcoin? If you are selling then you are selling.