R/Bitcoin: Been 100% in for 7 years, when does it end? \ stacker news ~AskSN

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R/Bitcoin: Been 100% in for 7 years, when does it end?

404 sats \ 19 comments \ @User21000000 6 Feb AskSN

Been 100% in for 7 years, when does it end?

So yeah as the title suggests I've been 100% allocated to Bitcoin for 7 years essentially.

The original goal was to make money so I didn't have to work anymore and retire early.

Well exceeded that goal, the funny thing is I can't bring myself to sell any of it because the more I've learned about Bitcoin and the traditional fiat debt slave inflationary system, the more I've realised that selling out of Bitcoin for fiat currencies or any other traditional asset is a losing game against inflation..

But when does it end? You can't earn a yield or an income from Bitcoin. You are sitting there with amazing numbers on the screen and still live like a peasant. I've considered selling up to 50% of my stack but obviously timing would be hard in this bull run. Ladder selling would be the best way.

I've run the numbers on selling Bitcoin and diversifying into other assets vs 100% holding Bitcoin and honestly nothing beats BTC.

If you earn even a 5% yield on another asset it still loses out to true inflation which is minimum 7% a year.

What do you guys think? It doesn't make sense to sell. But you gotta live your life too right? Otherwise what's the point?

(R/Bitcoin post I will share this post with OP on Reddit to show value of SN)

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109 sats \ 3 replies \ @Ge 6 Feb

You sell when you wanna for him sounds like he doesn't know what he'd deploy the capital on lol sounding like bezos now..reminds me of the meme 100 billionaires and not one is trying to be batman lol

0 sats \ 2 replies \ @User21000000 OP 6 Feb

Haha I haven’t heard the Batman meme

50 sats \ 1 reply \ @ek 6 Feb

same lol

makes a mental note to become Batman if I ever become a billionaire (adjusted for inflation)

0 sats \ 0 replies \ @User21000000 OP 6 Feb

Make sure you adjust for inflation

87 sats \ 4 replies \ @denlillaapan 6 Feb

If there was only a way to borrow against wealth. #852354

I dunno, man. Crazy idea #867043

25 sats \ 0 replies \ @Aardvark 6 Feb

I'm hopeful that by the tkme I'd want to borrow against it, I can just spend it instead.

0 sats \ 1 reply \ @ama 6 Feb

#877280

0 sats \ 0 replies \ @User21000000 OP 6 Feb

Nice!

0 sats \ 0 replies \ @User21000000 OP 6 Feb

Share the value for our friends on Reddit @denlillaapan

30 sats \ 0 replies \ @IamSINGLE 6 Feb

Needing to sell is right.

Wanting to sell is wrong.

So, if you need something, go for it.

29 sats \ 1 reply \ @ChrisS 6 Feb

Where it ends is no more fiat. Save in bitcoin and spend it when you need/want something.

I think op is overthinking it. He has enough bitcoin and is retired. What is the problem? The end goal is not to end up with the most possible bitcoin and hodl forever. It’s to live a balanced, fulfilled live. Bitcoin is a great tool towards that end but not the end itself. There is a happy medium where you save up enough bitcoin to retire and/or work on only what you choose to and spend your savings on things you need to live your life as you choose.

0 sats \ 0 replies \ @User21000000 OP 6 Feb

Well said ! I agree with this

121 sats \ 1 reply \ @fiatbad 6 Feb

This guy is too busy watching "bitcoin go up" and not spending enough time watching "fiat GO DOWN".

Learn how to use Bitcoin as a medium of exchange. It's not easy, but nothing about self-sovereign living is easy. Do you want to be a slave (dollars) or do you want to be free (Bitcoin)?

15 sats \ 0 replies \ @DarthCoin 6 Feb

and in 7 years he learned nothing LOL

9 sats \ 0 replies \ @jsonbits 6 Feb

Did you retire? If you are still making a paycheck convert all to bitcoin, then just sell small amounts daily for what you need and bills. Fold has a great push to card feature that does just that.

When you are 100% in you have to sell some cause you have no fiat.

9 sats \ 1 reply \ @ama 6 Feb

Instead of selling BTC, you could borrow using BTC as collateral. Have a look at the Zero Line of Credit of Sovryn, where you can borrow at 0% interest against your rBTC, so you can live well while keeping your BTC stack intact.

0 sats \ 0 replies \ @DarthCoin 6 Feb

0 sats \ 0 replies \ @DarthCoin 6 Feb

LOL so after 7years you are still a shitcoiner that only want yeld and fiat... You learned nothing. Goidbye

0 sats \ 0 replies \ @jasko 6 Feb

My assumption with changes like SAB 122 is that might light a fire under bitcoin companies like Strike to offer collateralized products before banks, so you might only need to wait another 3-12mos before some decent options are available.

Otherwise I was wondering if it makes sense to just take your entire stack minus some legacy amount, and divide it by the amount of years until you're 90 or so and consider that your allowance every year.

Maybe just talk to someone who's already been retired for some years and see what they think.