To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.
In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.
Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.
Only you can control your future, you can either stay within your employment bubble and not look for any other opportunity, or, you can look outside of the box...there is always a chance to make a little more on the side, or create and continually reinvest in a business that could eventually bring a passive income. Bitcoin is not going anywhere either...after this cycle, there will be another. Why? The fed and other central banks around the world will always create more and more money...what other choice do they have? So with this in mind, you have two choices:
- Slowly accumulate bitcoin within your means, to protect yourself from the growing money supply to to take advantage of its scarcity - Take advantage of the obvious cycles that take place in BTC (1-2 year bull 1-2 year bear)
- Stay in cash, watch as your expenses grow and your wage doesn't grow at the same rate, stay in the struggle, and live a mundane life for the machine.
Sounds dark, though that is how it is for those who don't have the courage to put one toe out of their comfort/security bubble, or start investing before they're within the actual means to do so.
Earn first, then invest.
If you want to chat more about how to put a toe out of the box, contact me. We'll find your interest and I can tell you some ideas to look into. You can also use AI, that's a very good companion to talk about these kinds of things and find your interests that could potentially make money, if you ask the right things and go into depth with it (otherwise you'll get generic answers that will make you think AI is invaluable).