Topic: Combination of the young age correlated with Bitcoin for the future (Read 680 times)

As easy as it is to plan, it is not so easy to implement the plan. We can easily say that I will invest in Bitcoin and hold that investment or we can easily plan this while planning but when we actually try to hold Bitcoin for a long time after purchasing it we realize how difficult it is to hold Bitcoin. I really liked the fact that a member on Bitcoin Discussion made a post where a meme was used to explain how to hold Bitcoin and it seemed realistic to me. The meme of the member was that while planning we think the hold is like a clear and straight road but after the hold we realize the road is very difficult and has many ups and downs. Even though the road to hold is difficult, he crosses the difficult road if we can hold for a certain period of time then there an investor is successful.

Selling would not be a bad idea though if he'll do it with a purpose, to buy a new project or to enter into another profitable and secured investment. He can sell one or two of his bitcoins to cater the amount he needs. But if his purpose is for only leisure and fun, think twice if you really want to sell. When you sell, that means you will lost the opportunity to make future profits.

However, selling just a small portion is fine if he wants to live his life at the moment. Of course, it's still a good feeling if you have time to reward yourself after a long effort from long term hodling.

It's always good to sell and reward yourself after years of hodling your bitcoin. My suggestion is he can keep holding all his coins for another long term if he's not needing the funds at the moment. But if he wants to enjoy life also from the profits of selling his coin, that is also very possible by selling even one of his coin so he can reward himself and buy the things he wanted to buy, and the rest would be good for long term hodling. I guess that would be fair enough for him so he will be motivated again to wait for another long years and gain massive profits.

However, if his intention is to make all his bitcoin for his family's future or for their retirement, I guess this one is a lot better. Bitcoin will be more profitable if held longer years, so still long term hodling is the key with a lot of patience and understanding the highly volatile market.

but the dilemma lies on when will that ATH period will come. and to what extent he will hold his bitcoins? he can very well buy more if he has the financial capacity to do so. but first and foremost, what kind of belief he has on to this market? it is easy to sell if one think he needs to get profit from what he has. but if he has strong belief on this market, he would hold it in long-term. also, if he has also the capability to hold it long-term without thinking that he needs to sell to finance his daily expenses. if it is just his spare money, then it would be much easier for him to hold without being agitated of cashing out.

Holding is not that easy. There are many temptations that come to take off immediately. I believe if BTC can exceed ATH. So the restraints must have a strong mentality. So maybe holding until ATH is the best option. Even I have a new target ATH. So when you hold you also have to understand when you take it off. Take off to buy back when the price drops. I always have bullish periods of rising prices and falling prices bottoming. So sell when your target is reached and buy again when the price is low. Because how many periods of the cycle occur are always the same.

The decision for your friend is very easy, currently the Bitcoin market is in a bull run and the market condition looks like it will last long so if your friend does not need the money very much then he should hold his investment. Even if your friend has a need, he may be able to meet his needs in other ways, so holding on to bitcoins would be a good decision for him at this time. If I were your friend I would definitely hold the bitcoins. The price of Bitcoin is close to $40,000 and it was expected that the price of Bitcoin will reach $40,000 within two to one day. It's only a matter of time before the price of Bitcoin reaches $40,000, maybe if it crosses the $40,000 barrier, Bitcoin will hit a bigger price.

Your friend is in a position that many people would envy, so while in a way it makes sense that he feels lost as he can literally take any path that he wants, there is not reason to worry at all as almost any path that he could take is a good one.

If he decides to sell during the next bull run then he will find himself with a lot of cash in hand which he could use to buy a house, or several depending on how high the price of bitcoin becomes and the price of houses where he lives, this is a move that could basically secure his future, but that will limit the profits he could get on the short term if he decided to invest in bitcoin again, however if he decides to hold and keeps buying bitcoin then he may not enjoy that money now and he will need to maintain a frugal lifestyle, but in a few years he will be able to buy way more stuff than what he could buy during the upcoming bull run.

As a young adult, I don't think he can easily make long term hodling successfully without being tempted to sell at some time. So I suggest that in order for him to still enjoy the profits and live his life, selling a portion of his bitcoin is not bad at all and the remaining coins should be intended already for long term hodling.That way, he will not be eager anymore to gain profits because he has already tasted the fruit of his labor.

Bitcoin is a very valuable asset and that the longer it's being hold, the more it's going to appreciate its value. Long term hodling is certainly the key, but from time to time he should also learn to take part in selling especially when the market is bullish so that he can also buy back again with a cheaper price, with that he can easily improve the volume of his bitcoin portfolio and expect for massive profits in the future.

I say divide his holdings in half, and then diversify his portfolio with the 2 bitcoins that he will have. Bitcoin is great and all but there’s not much orofit to make with it anymore at least compared to new kids on the block in the industry, and diversifying your portfolio like this minimizes the ridks of incurring impermanent losses in the future. So you’re getting a win-win situation out of this one.http://I suggest for him to not sell his bitcoins that eary as most bull runs drag on for months or even a whole year., so allow hineelf to maximize his potential profits actually.

For his age of 20am, it's actually pretty good that he has 4BTC, so why does he have to be in a dilemma with that much money. Moreover, how much does it cost to live if you need that much money to sell BTC? Actually, he doesn't need a dilemma, just what his targets and goals are and what his immediate needs are. In my opinion, she is still classified as mida, so it's better to keep it for now, because the needs after marriage will be much greater. Even if you want to take profits or sell to meet your needs, you can only sell a few points, not the whole 4BTC. Unless you want to take profits in a bullish era and invest them in the next bearish era.

So he is wondering if he can quit working? To retire permanently? Or just not worry about taking work seriously and only work here and there or something?

He only has 4 Bitcoin and is in his early 20s. He's not going to live his life on 4 Bitcoin if he sells in the next two years.

If he lets his Bitcoin sit (and accumulates more) he can probably retire off his Bitcoin in 15 years when he's in his mid-30s, selling/spending his Bitcoin gradually for the rest of his life. But at his age and at the current price range (or top of this market cycle price range) that wouldn't work for him now. He is just starting his adult life / working life, he should be focused on that, not on selling his Bitcoin. There is no reason to stop working when you're at the point in life when you've barely even starting working!

He should try to accumulate like one more Bitcoin in the coming years (or however much he can) and then once he can cover an entire year's cost of living for himself from like 0.2 BTC (I'm guessing this would be sometime in the 2030s) he could stop working if that is what he wanted to do with his life. Let's say he can get up to 5 BTC, divide 0.2 per year from that and you get 25 years of living, but with only selling what he needs to live on each year and with the over time increasing price of Bitcoin he'd eventually be living off less than 0.1 BTC/year, later in life less than 0.05 BTC/year. Though also think about buying a house, he would probably want to buy a house BEFORE he quits working to live off his Bitcoin so that as part of his living expenses he is just paying mortgage and doesn't have to come up with a downpayment. That should work as long as he is conservative in his financial planning and ideally has more than just those Bitcoin when he retires, like as mentioned has already bought a house, has some other investments, and has a good amount of cash when he stops working. So right now he is no doubt still far away from all that.


For an anecdotal reference, I retired 4 years ago off my Bitcoin, when I was 36 years old. I had over 6 times as much BTC as he has. I also had no debt and had some Ethereum and my cash in the bank would also cover my cost of living for two years. Didn't and still don't have a house, as I knew I'd be able to buy a house later on using my Bitcoin. Also I knew I'd need to be living a pretty frugal life for my first few years in retirement (I could have worked for a couple more years, accumulated more Bitcoin, and not needed to be so frugal, but I just really wanted to quit my job when I did and didn't want to find a new job. If I had been enjoying my current job I definitely would have stayed for another year at least to get in an even stronger financial position before retiring). While I haven't worried about my long term retirement, I have worried about the current amount of cash I have at a few times over the past four years, because I don't want to be using much Bitcoin at this point in life while the price is still small. Only now, over the next 12 months, as this bull run gets going will I likely never have to worry about my finances again and should be able to buy my first house in 2026 after this bull run. And even now I'm looking to try to start a business so I don't have to solely rely on my Bitcoin so I can be in an extra extra safe financial position for the rest of my life.

Your friend is early 20s, there is no reason for him to try to rush things. Whether he wants to fully retire early, or just not have to take a career seriously and only work here and there or work part time or seasonally or whatever, he is not nearly at the point where he can do that yet and he can improve his lifelong financial position many times over by working into his 30's and continuing to accumulate Bitcoin and grow his wealth before he starts spending it down. Of course it depends where he lives and what his cost of living is. If he lives in an expensive country he should work and wait longer, while if he lives in a poorer/cheaper country he still needs to work and wait but may have to do that for a few years less. Also what does he want to do with his life? Does he want to travel a lot? If so he's going to have to wait longer as that means a more expensive life. No matter what, he should be focusing on working for a good number of years still and building his wealth before he focuses on spending his wealth.

We all know that holding Bitcoin would give your friend good profits. But we don't know his actual situation. We have to remember Bitcoin for life, not just hold it for a lifetime, and that he can't spend his earnings in his lifetime. If it is necessary to survive, then he should sell a part of Bitcoin that he actually needs. The rest could be held for a long time. Often, I sell my holdings when I need them in real life and buy them back when I can. This is part of regular life. So don't let him be confused. A bull run seems almost imminent and could make good profits from bitcoin investment.

That is a nice crypto portfolio your friend has and if he acts well and keeps investing, he could grow it much more in the future. Owning 1 or even 4 BTC would be my dream and eventually I am going to reach that as well. Having so much money at a young age is a good thing, but also can have it's problems. It might seem a lot for the average spending of someone in his 20s, compare it now over the next 30 years the picture looks different. Even if our friend manages to sell his coins during the next big bull run, he is going to be stuck with his Fiat money again. Depending on where you are living, inflation could be a huge problem that could take away the majority of the value your savings. The best way to protect yourself from the inflation would be to buy an apartment in your city, you could either rent it out or live in it yourself. The problem here is that in many places 4 BTC is not going to be enough to get a decent apartment, you will have to take out a loan for it. Which means you still need to have a decent paying job to cover your living expenses and the repayment of the loan. I would recommend your friend to keep HODLing and grow his crypto portfolio even more, maybe diversify into some alt coins.

I think it depends on your friend's current situation, if he is living a good life, he has good enough house, he has stable income that enough to enjoy his life, than there is no reason to sell the Bitcoin immediately, he can just let his 4 Bitcoin laying around and see if it can grow in value.

It would quite different if he still struggle for everyday life, he doesn't have a house, he struggle to pay his bills and to meet basic needs and couldn't enjoy his life, then selling 1 Bitcoin and start some business with the money could help him.

So true. But because OP indirectly seems to mention that his friend is indeed in good financial condition. Because something he said said that his friend should continue working and accumulate more. Which means that his friend is still able to accumulate more. And this makes us understand that the situation is that he is not in a state of economic distress. Which means that his finances can be said to be in fairly good condition. So holding it until Bitcoin reaches its new ATH would indeed be a good choice. And selling it partly or completely (up to you) when BTC reaches ATH could indeed be a step that he could choose. And makes him divide these profits into several instruments (Diversification).
Because after all, investment diversification must be implemented if it involves large investment capital. Because we will never know which instrument will make us get the highest profit. He is still young. But nowadays many young people have achieved financial stability and even achieved financial freedom.
Even some influencers in my country are still underage but already have billions of money and make their parents happy. So I don't know whether OP's friend is really a creative young person like content creators or whatever. but what is certain is that having almost 4 BTC at a young age is an extraordinary achievement.

At the range of age of 20's, there are a lot of things that you could do to settle in life especially if you don't want to work and have a passive income. You have a lot of options to use that money like building a business where you can use that time to manage them, real estate, etc. Some would say you can use that already to enjoy life, yeah sure cause you still have the money, it's easier for people to spend money than to save, so use it to reinvest in something you can earn, so the money would still run and earn profit for you to finally settled in the money you have to save, cause, to be honest, 4 Bitcoin might be huge to other countries but here in my country, I could say things is pricey here that 4 Bitcoin might only last few years. You have a lot of time on your hands, study some financial management, for sure it will last longer.

I think being able to retire depends on which nation you live in, and if this is true or not doesn't really matter in this case because we are talking about at least one person in the world does have 120k at age 20 which means we should help that person. I believe that if you have 4 bitcoins, which is a bit higher than 120k right now, it would be 150k or so if I am not wrong, that is just the situation you are in right now. Keep on working and keep on living, but eventually that bitcoin amount will rise, imagine having bitcoin at 200k, that would mean you would have 800k, suddenly a totally different story. This is why I believe that the best thing you could do would be just holding and not spending it right away.

Is that amount enough for him not work? Because if I have that then I'd definitely retire early but retiring doesn't mean that I won't do anything with my money.

I'll reinvest it into assets that will generate me more money. He has to be wise spending that money that he can earn now by holding 4 BTC. He's still young and he has a lot of time to explore and take risk.

But if he's all set and don't want to take that much risk, he can take care of himself and have some nice vacation first while thinking all of these stuff.

The 20s are still very young, and having 4 BTC is a great success, I don't know what kind of work your friend did to accumulate 4 BTC at the age of 20.
I think for the situation your friend is in, it has to go back to the purpose of life, the purpose of why you are saving wealth in bitcoin.

If it is planned for old age costs, yes it is better to continue to hold it, because we will enter the zone of institutions that will enter bitcoin if seen from the response to the increase in bitcoin adoption, it is likely that the benefits will be much greater, but if it is intended for education, marriage, and other things he needs using the BTC he has, it is certainly not a wrong thought either because that is his plan, but if education and other things he can fulfill without selling the BTC he has, I think it is better for him not to sell the BTC he has.

If someone gets more Bitcoins when they are 20 years old, it means that they were familiar with Bitcoin before they reached that age. But in this case I also want to give a little argument that when Bitcoin was first released, the price was very cheap and it wouldn't even be that difficult to get it. The only problem is that currently not many people know about Bitcoin and also not many people believe in Bitcoin so Bitcoin ownership is only owned by a few people at that time.

And for other things, such as making an example of when someone was 20 years old when Bitcoin was released. This is also quite possible because in the past there were many web faucets that could be used to search for Bitcoin for free besides buying it on the market at a price that was still quite cheap at that time. Even if someone only relies on the web faucet, they won't be able to collect Bitcoins in large amounts unless they buy them through an exchange or assemble a mining machine to get more Bitcoins at that time.

I caught your words on this one. If he got it in the last few years would you tell us how he got it? If he gets it using the DCA method then it can be confirmed that he is actually a rich person because in the last few years the price of BTC has been around $15k-$60k, CMIIW. I'm still confused because you said he was still in his 20s, which means how did he get that much bitcoin? Maybe if you say he is in his 30s it makes a little sense because he was at least 20 years old when Bitcoin was first released.

Firstly, he might want to revisit the initial reasons behind his Bitcoin purchase. What motivated him to enter the crypto space in the first place?

Secondly, encourage him to reflect on his life goals. What does he truly desire? Aligning investments with personal objectives can provide clarity.

Lastly, investing is a business endeavor. Remind him to approach it with a strategic mindset—analyze risks, set goals, and make decisions based on a sound business strategy.

If you want to be successful, act as a successful person.

Who who promised him, that Bitcoin is safe heaven can really give him a better tip/suggestion. Bitcoin is a safe haven in the crypto industry, and overall the crypto industry is a risky investment market. We always recommend everyone invest only the amount they can afford to lose Bitcoin is not the money doubler, if you do not have the patience and determination this market has nothing for your survival not even with Bitcoin.

There is no doubt that youth is more interested in managing their finance to a new standard and efficiency to avoid a future crisis, but OP the whole story by you seems very fake, I'm not allegating just pointing out the weakness of your story, your friend owns 4 BTC and he is not clear with what to do really? How immature that he cant make proper decisions seems like already your friend has good background money that why he invested in Bitcoin without proper education nd long term plan.

4 BTC is a very large amount, how can he collect that much BTC at the age of only 20 years, since when did he start collecting it? I suspect this story is just a fictional composition without a clear reason, someone who owns 0.1 BTC already understands how to determine their attitude towards the assets they own.
Well, your friend has 4 BTC, then why does he have to be in a dilemma, isn't he already very senior in the field of Bitcoin technology? If I had that much BTC, I would determine it depending on my monthly income. I would continue to hold it if I had a steady source of income.

I'd sell some and will keep on holding the rest. If I am still at that age, I'd enjoy the money that I'll get from selling a few from that stash. There's no need to rush and tell your friend that he should think what he wants to do with his life while he's young.

There is no need to get pressured with life and he's got a lot of bitcoins being held. That means that he can be financially free as of now and can do that much with that money.

Depending on the country you reside, if it's from a first world country then that amount may not that be much compared to the actual rich people but hey, that's still $150k so, can be said as financially free guy.

Tell you friend that Bitcoins are fixed in number. A time will come when there will be scarcity of Bitcoins, at that time the demand to acquire the Bitcoins will be at very high peak. So if you have enough Bitcoins in your wallet till that time, then imagine how high you will sell the coins at that time. So if it’s not urgent, then don’t sell these high valued Bitcoins in these cheap price. Bitcoins are atleast 10-20x more valuable than the current price if we see the future projections. So accumulate as many Bitcoins as you can, and hold it for long time.

This is a very large amount of bitcoin when converted to fiat. If I am in your friends situation, I will sell some of them and keep some for the upcoming bull run. The ones I sell will be used for personal development, business and daily expenses so that I don’t look at the one left in the wallet. Bitcoin is increasing since it was first launched, since I’m hoping and sure that it’ll continue growing in future, I would rather keep some for a later time and if time permits and I have enough funds on ground, I will still invest more to help expand my earning or business when I cash out more profit from the investment.

His decision depends on his finances. Use Bitcoin's future bull run to sell at a peak, profit, and fuel entrepreneurial ideas if his situation requires it. Cryptocurrencies are volatile, making market timing risky. If financial stability isnt a concern, long-term Bitcoin holding may be better. Why? Despite fluctuations, Bitcoin has grown significantly over time.

Yet, here's a critical point: diversification. Your advice on spreading investments is precise. Diversification is strategic and reduces risk in an unpredictable financial environment even though bitcoin is "number one". Bitcoin is powerful but subject to market fluctuations. So, whether selling high or holding long-term, balancing with other investments is crucial.

If your friend has 4 BTC, your friend should first establish his short-term and long-term financial goals. If he needs funds immediately or wishes to cover living expenses, he may consider selling a portion of his Bitcoins. If his goal is long-term and he believes in the potential growth of Bitcoin, he may choose to hold his Bitcoin. If he has financial needs or pressure to pay off debts, it may be wise to set aside some Bitcoins to meet those obligations. Although Bitcoin is over $38k in the current market the decision is ultimately your friend's, I think it's better to hold onto his Bitcoin.

Firstly I am is wonderful what his vision to life is?
What has been his financial stabilities all these while he could be at early 20s and stack such amount of Bitcoin?
Does he insights on long-term goals?

Whether I am convinced that he is on the safer side or not,  I am basically on the line to say.... Congratulations to him.
So I am on the saying that he meets with a reliable consultant where he could gain an expertised advices from an industrial and a management specialist because I don't know his aid level of acquirance relationships where numerous levels of undisputable parameters are placed before him at a choice and decision making.

Aside that, my contributions is that he should set a diversification of incomes that if his source of income aside Bitcoin is not enough, he can sell maybe some fractions of it to enable him set up his financial freedom to life towards its end.
He can also keeping accumulating, hodling and stacking as much long as .
Bitcoin is not only designed to attain financial enrichments at where its riches is not exhibited to practically solving our need. Only that we should be concious and hodl for long-term because tomorrow's would always have the best.

Again, he should live his life to the fullest with some aids of enjoyment that is nourishing to life.

I think it depends on your friend's current financial condition. If he actually needs money and hasn't worked or is already working and has the desire to start a business. So I think selling some of it later in the bull market or when BTC reaches a new Ath is something that will be really profitable. And he can start another business with these profits. But if he is already working and does not have financial difficulties, then holding onto the bitcoins he has for the long term is certainly a good step. I think your friend is lucky because he has 4 bitcoins. Because even I am currently still struggling to reach 1 btc. And it's really not an easy journey.

So the choice is based on the situation and conditions of your friend's life. And actually it would also be better if he sold some of it at the highest price later and then put it in other investment instruments with lower risk. Because it is also important for us to divide wherever we invest (investment diversification). Because it is too risky to only invest in one instrument.

Because of his young age and his big money, wouldn't it be better for him to sell a portion of it to start a business he dreams, or at least make one of his dreams that can be bought with money come true first?

Meanwhile, if your friend needs income for his future needs, he could develop several businesses since he has the opportunity to start it. I believe it wouldn't immediately spend all of his BTC, so he can still HODL to anticipate other bullish moments and also as a financial backup if something sudden happens, like a business collapsing or a family member facing a crisis.

Using some for current and future needs, and the rest in HODL, is my suggestion. Investing in the future can also involve taking courses or training to gain knowledge about finance or economics. That would be better.

Afaik, people experiencing mental dilemmas are those on the brink of life and death due to their economic conditions, not young individuals with 4 BTC.

Someone is his early 20s having 4 BTC(120K USD)? I find it hard to believe... Would you mind posting any legit proof about the existence of your "friend" and his "4 BTC"?
How did your "friend" managed to gather 4 BTC? Did his parents gave him the BTC, when he was really young and the BTC price was really low? Does he run some kind of crypto business(or a crypto scam)?
This is a typical "first world problem". There are people with actual problems in the real world. Being in a "mental dilemma" about selling or keeping 4 BTC isn't a serious problem at all. Having lots of money in an early age is a recipe for disaster. I hope that your so called "friend" doesn't waste the money on girls and weed/alcohol/drugs/gambling.

Their is some certain things you will do when you see money, I believe what your friend need is a legal advice and how to utilise his money, if I should have a four bitcoin [4btc] I will not depart in having bitcoins but I will use at least two bitcoin [2btc] for development of infrastructure while I will invest two bitcoin like hold two bitcoin because of future bullrun, because bitcoin  Increases every day and I believe that the increment of bitcoin is something that can occur now and also fall now, so the market of bitcoin is baseless and unpredictable, so you can't continue holding your coin without having manual project that is physical

from the first look of this, it's a fabricated story and I must say that you need to understand that the fact that you're a newbie in the forum speaks a lot of you being inexperience and when next you bring up a thread into the forum, you need to first understand that people will read through your writeup and a fabricated story is very easy to dictate most especially when it is coming from an inexperience person.

Your friend owns four bitcoin in his early twenties and and he is currently in his early twenties and his confused on what I do with his bitcoin? How was he able to accumulate that much bitcoin within a small interval of time and suddenly great confused regarding what to do.

20 years old is still a young age, and of course still has long hopes and goals and I am amazed at your friend at a young age but already has 4 bitcoins. I think selling bitcoin during a bull run is a good way and after selling you can buy again during a bear market, I think that's the way to overcome your dilemma friend. but of course there are various methods of investing in BTC, there are those who sell during the bull run and there are also those who invest for the long term, for example for 10 years or more, for example, like the person who bought BTC in 2011 or 2010 and has not sold it until now because he knows the potential BTC in the future even during the bull run in 2021, was not sold because they saw the long-term potential of BTC considering the limited supply of BTC. So I think friends, you don't need to be in a dilemma, just be yourself and if you really want to sell BTC during the bull run, that's fine, but don't regret it if in the future the price of BTC is higher than now.

and you need to remember that investment is looking for profit and if you want big profits you usually have to be patient and wait a long time but if you want small profits it certainly doesn't take that long. Of course, the decision is up to your friend, let him choose according to his wishes.

I don't understand the comment " live his life". Living his life does it mean leaving his parents and starting his life independently or does he have other plans that will make him live more comfortably? It all depends on what he intends to use the money for. Diversifying his income to another sector will be a good reason to sell some part of his coin. If he discovers another investment that can become an alternative source of income will be a welcome development. People are that age suffer from youthful exuberance and peer influence. He shouldn't sell the coins because he wants to use them to satisfy his lust for material pleasure. Maybe he wants to buy a modern car, designer clothing, or go on vacation or other pleasurable activities that will not bring in any profit. In summary, if he wants to sell the coin to reinvest it that's okay, but if it is just for pleasure or for another unimportant purpose, he should keep hodling.

OP has already clarified that the mental dilemma he is referring to is that his friend is confused about what to do with the Bitcoin he owns. He is facing indecision on whether to sell his coin in this bull run and use it to solve an undisclosed issue or keep it for it to appreciate further in the future.  It is also worth noting that money is not the total solution to misery. It will only solve the problems of the poor, I am sure that there are many miserable billionaires.

Your friend owning 4BTC at this age is fantastic, but using the work to be in a mental dilemma sounds really strange to me. Your friend is richer than millions of people on the planet today; why is he in such a dilemma when he is comfortably wealthy at his age?

If I were him, I would sell some if it was truly necessary to make my life more comfortable. Selling everything is not a good idea right now. He is in his early twenties; this is the age when money can easily persuade him to spend lavishly and live an extravagant life. For the time being, he should only sell to buy or use it for what is important to him, or better yet, find a way to make something productive out of the bitcoin he sells.

continue to work and save the 4 btc, its good amount but not a get rich amount enough in the next bullrun i think,the next one yes, but could be this one if he want to risk it in alts.

If a bull market occurs in the next year or 2025 and the price of Bitcoin can reach above $100k, he can sell his 2 BTC and enjoy the profit. But only spend his profits on things he needs. Just buy things that can help him get better.

After he finished purchasing his items, he should still have some money left. He can use the remaining money to invest in Bitcoin again because after reaching its new ATH price, Bitcoin's price can fall to its lowest price. We already saw what happened after Bitcoin touched $69k as Bitcoin's last ATH. The price slowly decreased and finally reached $17k.

That's where he can buy Bitcoin again in the hope that at that time, he can buy more than 2 BTC with the remaining money. And when the market is bearish, he can start investing in Bitcoin again while accumulating more Bitcoin. But he can continue to hold Bitcoin even though, at its new ATH, the price of Bitcoin can reach above $100k. At least he should have his own plan.

Basically he needs funds to live his life perfectly and since he has 4 BTC that is relatively okay to carry him out of the poor people’s category. I would advice him to keep hodling and also he can invest a good amount in order to make profit from APR interest just like the Bitget Shark fin product.

It depends on a holder's situations, if a holder situation are as such that he can afford his expenses then there is no need to take out his money but he should still leave his amount until 2024. The guy as keep saved four bitcoin so I think he bought these bitcoin during bear season so when halving arises he will definitely find good results from it. Other thing is that a person should think about his profit and better way is that take profit during next Bull run and then either leave your some bitcoin for further years or sell all your bitcoin to buy again during next bear run. As he has saved bitcoin from the age of 20 then I think that he will be a successful investor in future because he is learning all the matters of trading and investment from an early age.

I don't know in what situation he is means I don't know about his life. But he is young and he has whole life ahead. And in my point of he should HODL and wait.

I have an Idea if he is thinking to sell now so now the value of 4 Bitcoin is almost $150000. So I think he should wait and Bitcoin will touch $100000 so he can sell 1.5 Bitcoins at that time which will be equal to the current price.

By the this is personal decision so he can wait or he can sell it. We can give only Ideas and he know better what he should do?
So he should think by himself and what is better for him. We think according to our minds and he will think according to his mind. So just give him Ideas and give him time to think about it.

Not sure if I should believe this story but regardless if this is tru or not, I don't see why he should be in dilemma on what to do with his Bitcoin. At his young age, 4btc is a pretty huge amount of money.
If he's uncertain what will the price of Bitcoin be in the future, he can use some of it to start his own business so he'll have another source of income where he wouldn't have to work for others. And it could be his main source for a long run. He can both continue his investment in Bitcoin while having his own business as his main source of income, and enjoy with some of his profit. He's still young and can still learn a lot in life.

He should continues to work and stack as it'll be more beneficial to him then selling and wasting the money on things that won't have a future price appreciation. If he isn't in need of large sum of money that demands him to sell his investment, why is he considering selling. Your friend is still young so he should use this opportunity to keep on stacking and in the future he'll thank himself for taking this decision instead of wasting his money on wants that aren't necessary in life.

If he's scared of the bear market that'll follow after the bull market comes then he can delete his wallet from his device so he doesn't see the value of his Bitcoin dropping but keep on stacking.The price of Bitcoin is programmed to always increase in value after the halving and let say the price doesn't increase by much after some certain numbers of the halving still by hodling he should be in profits that would be better than the price he would have sold if he does that currently.

He can consider Bitcoin as his retirement plans and keep stacking bitcoin to be sold when he has reach an older year that he can no longer work for money then he'll sell his Bitcoin and live the comfortable life he's dreaming about having now. He shouldn't make the mistake many people make by enjoying their youthful years while they don't plan for future years.

Bitcoin and time presents a unique challenge for people. Sure, if you are willing to hold Bitcoin for 8 years or more it is extremely likely that it will benefit you financially. However, people don’t live forever and things can happen. So owning Bitcoin is a constant game of wanting more wealth later or to live better now. Make a choice you won’t regret.

If he is in doubt, why not sell part of his holdings so that he can enjoy some of his profit while he is still invested on Bitcoin that can generate him profit when bull run occur. It’s not necessary to sold all of his holding now that he is confused on his choice since he holding huge amount already even just part of it can give him a good start on his teenager life.

I’m on this situation before but the price of Bitcoin is just 10K. I’m very happy to take profit some which I use to purchase my tools necessary for my work. Now I earn profit using tpit which I use to purchase back Bitcoin.

4 BTC is a very decent amount but not enough to actually cover one's life forever, not at the current price. Lucky for him, he doesn't need to sell all BTC at once, so it's not really a dilemma. I think the op's friend should explore what he wants to do with his life, what kind of career he wants to pursue. Bitcoin can be a safety net, so that he doesn't need to worry if he's running short on rent, is fired from his job, or really wants to quit his job without having found a different one. It's okay to spend a little to treat oneself and one's loved ones. But early 20s is a great time to figure out what one wants from life, and it would be a shame not to do it just because of having some money from Bitcoin.

Bitcoin owners, especially young ones, are often in the same situation as your friend. Take a look at this: Bitcoin is often called a "safe haven," but it can go up and down in value. It can go up or down in value depending on many things that are out of a person's control. Not only should you think about the money you could make, but you should also think about your life goals and your ability to pay your bills.

First, if I were him, I'd check my bank account to see if I have enough cash saved to cover my current needs. Have I made a variety of other investments? Reliance on a single asset type, even one as promising as Bitcoin, is risky, so keep that in mind. Its important to diversify.

Also, think about the psychological side of it. "HODLing" during times of high volatility can cause a lot of stress. Finding a balance between cash goals and mental health is very important. Long-term goals, not just short-term gains, should guide the choice in the end. Is he saving for a certain reason, or is this purchase part of a bigger plan for his money? The answers to these questions might help him make a choice more than just guessing what the market will do.

Well, I find it hard to believe that your friend has that much bitcoin and still doesn't know what he will do with it. Anyway, maybe if the next bull run hits, he can sell some of the bitcoin, not all, because it is good if he lets the other bitcoin be invested and keeps holding onto it. After selling some of the assets, he can start a business to circulate the money. As he is in his early 20s, I assume that he knows even a little about business or he knows what business he wants or has in mind. And if your friend wants to be in line with bitcoin, then try another way to earn bitcoin with the use of his assets, which is bitcoin, trading, staking—name it, there are a lot of options out there. He is lucky because he has that much bitcoin at his young age. I just hope he will manage to grow it and spend it well.

Most probably he in a state of mental dilemma because he is confused whether to take the profits for its present use and enjoy life to the fullest or just stack and use it to secure his future as well as his family. But if I were in his shoe, if he has sufficient amount to spend at the present, then it will be better to leave his bitcoin in his portfolio. That way, if sudden emergency cases arise, he can use his bitcoin for that.

However, selling a little portion is not that bad as long as your intention to use it is reasonable. But if it means using it for all out partying just like what his common ages are doing, then I would never advise to sell even a portion of it. Save it for the future instead.

This is the reason why we should learn to take some research first before trying to indulge in an investment, at least you will be guided on what to do with your bitcoin most especially in the future. For me, its not bad to sell a portion of his bitcoin in the upcoming bull run so he can also enjoy the profits of his investment, that's part of self-rewarding. But if he wants to take advantage of the opportunities while he is young and accumulate and stack more of it so he can benefit it when the time comes that he wants to build his own family, then that could be more favorable for him.

Bitcoin is a highly valuable investment so one should utilize it when its only really needed, otherwise just save it for future retirement which probably by that time, its value will grow 5x or 10x from the amount you bought it.

My friend has accumulated Bitcoin over the last few years and stacked it accordingly hard

Yes, my friend actually has knowledge about Bitcoin as do I.
Only I don't have that many BTC :-)

I think your last two sentences are actually true in life and I think that's the whole point.
He's "only" in his early 20s and you just feel like you're missing out on life and have to experience everything at the same time and so on.
It's like that feeling of FOMO just in life and when you have that amount of money in the back of your mind it's very tempting to sell.

But I think continuing to HODL Bitcoin over the coming years will probably be the best decision ever for his Lifetime.

Thank you for the interaction!

some kids are just lucky to have gotten some BTC while the price was just very affordable. it's however unbelievable that he doesn't know what to do with his life when he has the privilege of doing what he wants to do. he is young and has money.

he could just wait til the price goes $100k and just pursue a degree for now.  financial independence can actually make a person think clearly but if he is unstable despite being young and having no huge responsibility, he needs a girl.

Having 4 bitcoins at a young age is very good but of course during the collection of 4 bitcoins he has I think he is not that weak and confused when determining life goals because after all he must also realize that collecting 4 btc is not something easy unless he is born into a rich family.
If he comes from a simple family that has an economic situation that is not too good, collecting 4 bitcoins is one of the big things and he can already control his emotions and money management well so it is something silly if he still says he is confused about the future because I think when collecting the 4 btc he currently has, he already knows from the beginning what his goals are and the economic management he has.

If I was your friend, I'd sell half, start a small business, and keep the other half and continue to add something to the pot in the coming years. That's what I personally did, and it's giving me a lot of financial benefits and freedom that I wouldn't get on any other investments out there. The thought of going broke never crossed my mind again after selling some of the coins I have and establishing my printing business, and I still maintain my high-paying job since I don't like not doing anything for the whole day.

Your friend should also have an excellent self-control in order to make sure that he'll not end up spending the proceeds of his sale into something unnecessary. Even if he has already a good chunk on his disposal, if he doesn't know how to control his spending, it still wouldn't be something that will work for him if he does not take the initiative for it.

I feel this is the most important part of the conversation. I’m not going to question the authenticity of this story, I believe everyone can put two and two together and come to their own conclusions. So you say your friend is in his early 20s and somehow has 4 bitcoins (approximately $148,765 today) in his possession. That’s a lot of money but I think he is way to young to be thinking about retirement. Depending on where he resides and his lifestyle, there is a possibility he could lavish all the money in a few years. My advice would be for him to explore other ways to increase his income, he could start a business or invest in a startup. He’s already ahead of many of his peers, he should not lose his advantage trying to impress people on instagram.

Does he have a job? 'Cause if he's thinking of spending the bitcoin for the bills, then no. Do something constructive, useful.

If he's thinking of buying himself a car, or a house with the bitcoin (i.e., he might not want to live with his parents), then it's up to him to weight the tradeoffs. If he's held 4 BTC up until this point, then chances are he knows what he owns. I believe he knows he doesn't need to sell everything, at least I wouldn't do that. Maybe a couple of thousands, and the rest saved for the future.

• He didn't buy Bitcoin before 2015 when it was cheap, but instead accumulated over the past couple of years. This means that he has a good source of income to live on and invest with as well.
• He doesn't plan to sell bitcoins inorder to reinvest into something else. The phrase "live his life" sounds a lot like satisfying personal indulgence.

My advice will be to not sell his bitcoins and even if he does sell them, it will be to short his coins; selling at the top and buying back when the price drops. But he should not sell without any investment plan.

He doesn't even have to keep stacking bitcoins, there are other investments he can explore if he doesn't want to go all into Bitcoin. He can also steadily take out some from his income to live his life, without liquidating his principal investment.

The decision to sell the bitcoin you own is actually personal, you can't influence people not to sell or buy, you can only advise them whether they really want to sell the bitcoin they are currently holding!! when you don't need money urgently, you shouldn't sell the bitcoin you have, you should be able to restrain your desire to exchange the bitcoin you have for fiat, but if you do have a price target (such as selling the bitcoin you are holding in the next bullish) then you can freely sell the bitcoin, all the decisions you make must be on target but remember not to be complacent when you are still young.

I would ask him straight up: Dude, what would you even do if you didn't have to work no more?

Does he really wanna spend his days drinking cocktails? Or does he have bigger dreams? Other stuff he cares about? I'd tell him to imagine life without the safety net - no bitcoins, no steady job and  maybe thatll help clarify what he really wants in life. Guide him through this little crisis.  He's gotta sort out his priorities.  Figure out if it's experiences and meaning he's after, or just the financial stability.  I hope he finds some clarity.

Yeah, I also think that is how the OP friend got these bitcoins. Maybe he is lying, which I am unable to understand because if a person earns 4 bitcoins, he doesn't know what to do with them or what the purpose of earning these bitcoins is. It makes me worried that if a person has this kind of ability that he's earning 4 bitcoins, and he doesn't know his way for purpose, it is doubtful. Because, as you see, OP's friend has earned 4 bitcoins but still doesn't know what to do next. Unfortunately, it doesn't seem realistic to me that a guy earns such a large amount of bitcoin at such a young age and doesn't know what to do with it.

If he really earned 4 bitcoins despite being so young, then the OP should guide him so that he is not in a mental dilemma but should hold this bitcoin even more. Because Bitcoin halving is also coming, and it will be expected from the Bitcoin price that it might hit 150k, your friends can earn profit by selling this Bitcoin.

I'm not really sure what the issue is here.  Four bitcoin doesn't seem like all that much money, even if you think about what it could be worth if crypto prices go up again.  At most we're talking a couple hundred grand if he cashed out at the next peak.  And thats definitely not set for life money, unless he lives somewhere with a super low cost of living. 

If he have more money without holding these bitcoin and if he didn't need these bitcoin further in the life and at his own home needs then it would be better for him to hold it since the bitcoin halving that would be happening the next year. Also if he needs them then it would be better to sell them half but if they go above the $40k and he can also gain a huge profit in it.
If he didn't have any intention of selling them before the time he has given then he should hold it for a better time and I don't think that there would be a better time for him to holding it till the bitcoin halving. He may be given more than that if it really pumps and there is also another possibility if he the price goes up then he can sell them at a good price then.

Having 4 BTC at 20 years old is amazing, and my question is where did your friend get it?
You should ask your friend, what is your friend's purpose for having that much Bitcoin and I'm sure your friend must have knowledge and understanding about Bitcoin because to get that much Bitcoin it takes quite a long time. Unless he is a rich man who can buy Bitcoin at any price beforehand.
And my advice, because it is still 20 years old, which in my opinion is still very young, it is better to continue holding it and also accumulating it. Because in the future the price of Bitcoin will be much higher and it also has many benefits that will make his life peaceful and calm with his new family.

While I do not easily find faults in information members drop on this platform, I do not think this sits down well with me because, how is it possible to acquire that much in his early age and still finding it difficult to make a decision on what next he should do with it.

I don't think Bitcoin is some dice games where you role your dice and win 4 Bitcoins. It is hard to believe that he just made that much without passing through some hard decisions or making some deliberate efforts to acquire that much. It should be easier for him to take decisions on what next to do with his hard-earned money.

Today, 4 Bitcoin is around 130k dollars which is a huge money to either spend or invest. Such money are capable of causing distrust amongst people and so on, so I don't think he would be that close to you to disclose such to you.

Again. It is his personal decision to make whether to continue to hold the money or to spend it. Better still, he can invest some and spend others. If I was in the situation to decide on what to do, if I am in dire need of money, I will sell some of the coins for my need and leave the rest, whether Bull Run or not.

Thanks for your input.
By mental dilemma I mean that he doesn't know exactly what to do in his current situation(for the next months).
I think most people probably know this, when you're in your early 20s you want to live and barely "invest/save" your money and therefore wait for many years.

Of course he would sell Bitcoin in a bull run.
I myself have already told him that if he wants to sell, perhaps only a small fraction at the top of the bull run and under no circumstances all of it.

And no, he didn't buy Bitcoin when it came out in 09/10, he actually bought them over the last few years and is currently in his early 20s.

It depends — what does he mean by "in order to live his life"? Because 4 BTC is actually a good amount of money.

If it's for education, then sure as long as he has thought it out. Or if it's for some other purpose that'll be worth it in the end.
If it's for partying and/or dating, then uh.. probably not. Probably just sell a very small amount? You don't need to sell everything.

Work-life balance is always the key; it's not one or the other.

Wait!! Did I just hear you said having a mental dilemma in trying to figure out how to spend/use his own money? Did I?... Because please I'm sorry to ask this "Did he steal the 4 BTC?" or " Did he by any chance win the 4 Btc by lottery?" which one of them.. Because I'm more confident that anyone that could afford to save up to half a Bitcoin or probably one should have a very good reason for what he/she intends to do such money, as it's not an easy task, not to mention a whole 4 btc.

Moreover, for a person to have 4 BTC (i.e over $146,000) in Bitcoin investment, such individual is likely to have double of such investment in real life, and as such your friend is in the best possible to make the right choice according to his current financial status.

It is very interesting to have 4 Bitcoin in your 20s, that is massive investment, he shouldn't be in a state of dilemma because he has made the right decision, if he doesn't know what to do with his investment yet, he can still continue to hold it, he is still young, maybe later part of his life, responsibilities might come in, and he will see the need to make use of his investment.

A person who tells is friend he has 4 Btc is naive and childish.
Your story is filled with loopholes
Sell the 4BTC to live his life?
If he can make 4BTC in such a short time.
Then money wouldn't be his problem.
Since you know about HODL then u too should be able to make the decision for him.
If your story is true which I doubt
Then your story telling skill is poor.
A person could provide information for you but its left to you to make the decision.

I find this article as a false and fabricated story. I don't see reasons why someone with almost 4 bitcoin will be in mental delima situation according to you. To sell his bitcoin regarding the current price of bitcoin.
You said he own bitcoin in his early 20s and that could be when bitcoin came out maybe 2009 2010 by now he should have been 33years old. How com he is still confused wether to sell in his early 20s or is that a typing error or am I the one who don't understand what you mean?

Hello everyone

I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL