Topic: Question to hodlers:How will you spend the money? - page 2. (Read 799 times)

It's interesting to consider Bitcoin's potential as a global reserve currency and its comparison to traditional assets like real estate. The mention of CBDCs sparks curiosity about the future of currency. What do you think the implications of this transition will be?

Though we can't hodl forever but when we consider the blocks remaining for the last bitcoins to be mined, investment more one Bitcoin will be more preferable than any other real life projects because one can basically sell part of his Bitcoin after recording huge profits in the long run and still continue by DCA to acquire more Bitcoins or better still wait for a dip to lump sum and HODL.

I don't mean that investing on real life projects just like the ones you mentioned is bad but while we are making investments we should be able to make sure that they are projects that is worth our efforts and money not some kind of projects that will collapse along the line.

Well yeah there are actually a lot of ways how investors spend their profits in Bitcoin depending upon their own situation. Some investors sell their Bitcoin and then reinvest in Altcoins, some reinvest in real estate, precious metals and some others just spend it all depending on their everyday needs.

Where does someone spend the money from the bitcoin profits you mean? I don't hold much bitcoin. If I made a big profit from bitcoin, I would personally buy something that could make me money back.

Indeed, everyone really wants to get profits from Bitcoin, which can produce something productive such as land, apartments and then make money back. With Bitcoin's journey of almost a decade, of course everyone is well aware of this asset, that this asset is truly promising for the future for everyone who keeps it. Of course, everyone is competing to spend their money to invest in this asset.

Its important to realise that long term HODL'ers are not going to sell everything all at once,
ok there are probably a small percentage who will.

I can speak for myself obviously, but I wont sell all of my HODL'ing ever, I will die with Bitcoin!

Its hard to move Bitcoin to another investment because there isnt anything even close to
yielding profits that Bitcoin can. Personally there is nothing I need other than some home
renovations.

I would like to buy a parcel of land and convert it to Forestry for my Kids and Grandchildren to
benefit from in the future ^{when I'm long gone.}

I have not started investing in bitcoin yet, but I have made a plan for it. Soon, I will start my bitcoin investment. I've found a steady source of income because I don't want to face any financial troubles when I start investing.

Op if I were a bitcoin hodler, I doubt I would sell all of my bitcoins to invest in any of the investment you mentioned. I understand that these are also profitable investments.
I don't know how much bitcoin you have, but in my opinion, I would suggest you to take part or all of your profits from your bitcoin investment and invest it in either land or real estate, but the idea of selling all of your bitcoin is bad.

As you are considering selling all your bitcoin in order to invest in real estate or land, you should also consider the risk that is involved in real estate. For example, if you sell all of your bitcoin investment and invest in real estate and all of a sudden natural disasters occur, you know that their value will definitely decrease.
did you know that scammers are not limited to the internet? What if the land you claim to have purchased it's been sold to many people you know that will result in land disputes and which care is not taken you will end up losing everything honestly this is very scared and many risk involved I think I'll advise you to focus on investing in bitcoin because it's safe and secure and bitcoin has continuous growth potential and lower inflation.

There are many ways you can earn passive income, one of the simplest ways you can do is sell Bitcoin when the price is high and buy again in large quantities when the price is cheap. Buying Real Estate or land is not a bad idea, you can collect profits from Bitcoin investments to increase your source of income in the future. People here who have built a very emotional relationship with bitcoin always think Bitcoin investment is the best for now, they can do it easily without having to spend maintenance money and avoid fraud.

Selling half of your Bitcoin to achieve what you want in your environment is a good plan, because the price of Bitcoin will continue breaking into a new ATH to allow holders to take advantage of it to develop other businesses that will increase their income in future. Making cryptocurrency to be your major source of income is a good idea, because the income will be coming from the cryptocurrency investment, and it will be huge more than other income that will be coming from other businesses if you can apply that strategy. There are some funds you don't need to spend anyhow, if you want to build a solid wealthy family that will last long for you to enjoy and your unborn children to enjoy too, try to reserve some funds for future bearish season to always accumulate your cryptocurrency.

we all have our own path to venture , just mind yours mate lol because those that i wanted is being planned long time ago and all i need now is to be triggered and how will happen? if i accumulate enough capital to build such so if you have your plans then goodluck then but let me have mine here.

Good question. Many may sell Bitcoin in the upcoming bull run and many have long term plans. I have invested in DCA method and still continue to invest in DCA method. I can't hold bitcoins forever I have to sell bitcoins at some point. Since I invest with the DCA method, I have a long-term plan. So I haven't decided yet, which sector to spend after selling bitcoins. We can't tell the future, but I can say that I will decide depending on the investment amount.

Money is spent on many things to meet the needs of life so after meeting all the needs I will invest some part of my income in bitcoin for long term which will make the future bright. Instead of saving just for the sake of saving if you save for short and long term goals saving is beneficial. Retirement planning etc. If you can set various small and big goals and proceed with savings plan to meet those goals then it becomes much easier to keep an eye on the fixed goals and meet the goals.

anyone who is a bitcoin holder knows the particular time you want a Bitcoin to propagate for him, the major objective while some people Hold bitcoin for long-term it is because they want to make a profit and making a profit for cryptocurrency investment mostly in Bitcoin can make you to transfer or diversify your investment to another thing,so therefore we invest to make profit and when we make a profit we neither spend the investment wisely or not,because I know quite well that anyone that invested in Bitcoin really know wants is the plan If he makes a profit.

as a good investor of Bitcoin you will sell your Bitcoin to enter into a business or investment that you know that the profit will it be equivalent to bitcoin investment profit so I've not seen before someone who is into bitcoin investment and the person made the profit and withdraw it Bitcoin to invest in real estate management... you can only invest in in any business based on you have known the Foundation of that investment why many people such as us like to invest in Bitcoin it is because bitcoin does not have a third party but when you venture into a real estate management, real estate management need a constant monitoring and if you don't know of the business it will not make a profit for it that is why most of people who is in Bitcoin always use their profit to purchase more of coins neither not coins or to have accumulate it bitcoin as you said.

for me I see anyone who is a crypto investor as a wise person because they invest in Bitcoin in order to make a profit and they know quite well the risk that involve in Bitcoin and for you to make a profit for bitcoin investment you must to have a good plan a cogent plan for yourself before the profit will you manifest it is only the gambler that I know quite well that doesn't utilize their profit but a cryptocurrency investor mostly bitcoin investor most to ensure that it utilize it profit he made through bitcoin investment.

I do not see the need to do this yet since bitcoin still holds massive potential to grow, and even if at some point bitcoin became so big that the profits you could get became similar to the performance you could get from other assets, I will still prefer to hold bitcoin, and this is because most other assets have massive disadvantages when compared to bitcoin, look at real estate, while owning a house in which to live is an attractive proposition, real estate cannot ever be really owned by you, while in the case of an emergency you cannot carry your property with you, and you cannot sell it in a hurry as real estate is expensive and it could take you months before you can get a person interested.

For me I would sell my crypto to buy my own land or place, then start up a small business there.
It is more of a retirement plan for me, I want to buy a land on the country side rather than live on the city.
The cost of living would be cheaper and the scenery is much nicer.
Of course I would continue to earn on crypto, and when I start my small business there I would also accept Bitcoin or other crypto currency as a payment option to promote it.

In my case, when I saw that the bitcoins I have have already reached the profit I want, then I would sell them to finance a business in the real world, because that way I would have made a profit from the investment in bitcoin and then I would continue making a profit from the investment what I would do in the real world, which in this case would be opening a large business that I have been researching for many years in my country. for me it would be something very good and when this business that I was doing in the real world started giving good profits, then I would take part of the profits and buy bitcoin whenever it fell a lot and hold it for years until I had a lot of profit again, I consider this a good strategy for my case


If AI could read your entire post history, then AI would charge you a very high price for the services it would perform in your place because it wouldn't be easy for it to replace you while you're at the beach 

I mean there were surely a lot of people that are just holding Bitcoin and as far as I know, don't really have any plans on selling their Bitcoin any time soon, I kinda understand and I kinda don't at the same time but we all have different situations here, for some people, of course, they might not need to sell there Bitcoin at all because there already have the money to live on their a lifetime or even more, one thing that I've heard most of the time is they were just holding Bitcoin for inheritance and they just wanted to see how the Bitcoin is going to turn out in the end, is it going to skyrocket or might see if it is going to reach 1 million dollars something like that.

Personally, I am not really a fan of that since it wouldn't really matter at all if you are not going to sell it and make a profit on it, but still it would make sense if you don't need the money, but for normal citizens for sure the main goal is to make to a profit so you would need to make the best of the cycles in the market on bear market you for sure want to accumulate, and in the bull run surely would want to sell for profit and lower your risk.

There are different plans when it comes to spending your money. My main objective of investing and holding the investment for a long period of time is to earn profit and when I get the expected profit I will surely do the things as per my plan. For example, when I feel that I should sell my investment now, I will wait to sell my investment and invest again with some money, and with the remaining money, I try to fulfill my needs as well as my desires. Many do this by reinvesting the entire portion of the profits and safely storing the capital they used in the past. This means that they get back the capital they used in the past and with only a portion of the profit they are able to continue their investments later.

The tip is to never take your feet out of the water. What I mean by this is to always keep your holdings in the crypto space no matter what happens, and even if you're planning to splurge on a large purchase.

When I was new and was not as confident as I was right now in this industry, The moment my money shot up from the 20k bitcoin ATH back in 2016 I pulled out all of my shit and made myself liquid, thinking i'm set for life with the millions that I have at that time.

I quickly realized that money when not working is easy to fade, and in a few short years I lost it all, if I had kept some of it in the crypto scene, day trading and perhaps just holding some of my coins I wouldn't have to deal with that and even now that I was able to make more money than what I once lost I still feel a little regretful that I took out all of my money in the crypto scene back then.

So yeah, just take what you really need, and nothing more. Keep your investments here.

Different people have different ages, social-economic status and more so they have different needs in their life and must have different plans for their future.

The young can think too far but the elderly can not because they know their time is ticking down.

It's classic but your post is excellent as a reminder. People can not live without spending and if they see some needs to buy anything, have a trip, whatever that can help them to enjoy their life, have better life quality, they should do it.

If to do this, they must sell their bitcoins, cash out some of their bitcoins, they can do it without fear. We will all die and become dust so let's enjoy our life in unique ways for each person, but just don't HODL.

I can ask, How many years of life have you planned for yourself?? Judging by your post, it will take a lot of time for the events you write about to happen. But you are getting older; are there really no desires that you would like to fulfill while you are not old? My old parents no longer have good desires, although there are some means. Everything is spent on health and grandchildren. From seeing such a life, an understanding arises that the older we get, the less we want. Why save for the sake of saving? Build passive income by naturally understanding how to do it. What people write here about simple hoarding without a goal really upsets me. We must live now, travel now, and not save for old age, when nothing is needed.