Do Bitcoin Maxis sell - ever? - page 2.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: JustAnOtherLoser on January 24, 2022, 03:35:22 PM

- Even at times it maybe would be the more financally smart thing to do. Maximizing profits aside: How do you guys feel about selling
BTC for fiat gains (or even at a loss [maybe for tax reasons or because your insane Grin

]?

Do you guys life by the "No Neo, I'm trying to tell you that when you're ready... you won't have to (sell your btc)"-Meme or
are you mere mortals that sell before they lose their fiat profits?

I suppose there are a few maximalists out there that have never sold a single satoshi, but the majority is probably nowhere near that extreme, after all they live in the real world and not in a bubble, so maybe they had an emergency or they got fired from their jobs and they needed some of that bitcoin in fiat form and they just sold it.

So do not try to uphold a position that for the majority is impossible to hold, as long as you have some bitcoin and you hold the majority of it and you add to it whenever you can then you are doing fine.

franky1

legendary

Activity: 4410

Merit: 4766

im a hoarder since 2012, but i dont just hold, i also have a side 'play money' amount which i sell a small % on the significant rises..
and i buy back on the dips.

not mentioning hoard numbers, but lets use the play money example, lets say i added another 1btc when price was $20k, and when it significantly rose to $67k first ath i sold 0.3 for $20k ($66k rate for 1btc as it started to creep down).
then when it reached $40k i bought 0.5 with the same fiat.

meaning i now have 1.2btc in one pot of play money, paid for with only $20k expense.

my matrix quote would be
Do not try and spend all the spoon—that's impossible. Instead, only try to realize the truth.. spend part of a spoon to make more spoons

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

There used to be a saying like "do what the priest tells, not what he does". I think that with the maxis it's the opposite.
I mean, a maxi will (correctly) tell that the ultimate shitcoin is the fiat. So he has no reason to sell. Ever.

Yet, he has to live, eat, have a vacation and so on.
Hence unless he has a fat income, he has to sell now and then. (And if he has a fat income and fiat is shitcoin, then why he doesn't convert it all into bitcoin from second one?)

So, while maxis are a good part of the ecosystem, you better do as you think it's fit for yourself, than doing what this or that is preaching (and probably not doing it 100%).

JustAnOtherLoser

jr. member

Activity: 37

Merit: 16

When I first started my Crypto Journey as a small (and stupid) private Investor I first bought ETH. After that I bought the "old & slow" BTC.
When I gained 100%+ after around 1 year, I sold half of my BTCÐ to own "free crypto".

It felt like I was Warren Buffet on Crack and it also definitely helped me to get through the bear market after 2017.
In this time I became a hardcore "BTC or die"-Guy. I still own some stupid altcoins, but really small amounts.
Its gambling and testing around for me. I don't want to outperform BTC with it, just try staking or the network itself.

Right now I feel like (besides all the risks), that I don't want to trade my BTC back to weird fiat digits on my bank account
- Even at times it maybe would be the more financally smart thing to do. Maximizing profits aside: How do you guys feel about selling
BTC for fiat gains (or even at a loss [maybe for tax reasons or because your insane Grin

]?

Do you guys life by the "No Neo, I'm trying to tell you that when you're ready... you won't have to (sell your btc)"-Meme or
are you mere mortals that sell before they lose their fiat profits?

Topic: Do Bitcoin Maxis sell - ever? - page 2. (Read 261 times)