Topic: Question to hodlers:How will you spend the money? - page 3. (Read 822 times)
The thing is, I just don't want to cashout it at once rather I only get some bitcoins whenever there is a rush property for sale that I think I gonna get used of in the future and so far so good for me and when I made some money with those things, I put back some money to bitcoins the same price I took earlier or maybe more but I don't buy at a high price, I stacked my money and wait for the right time to buy bitcoins again, my funds are limited so I need to think twice before making any decisions in terms of investing it back to bitcoins.
I know some people view their Bitcoin investment as a retirement fund. Another reasonable idea, especially for the younger generations, is a Bitcoin college fund for kids or something like that. As for me, I'm flexible with Bitcoin: I treat BTC as a savings account, from which I take money as needed, but which I want, ideally, to grow. There's no need to go all-in on just one idea or never sell BTC. Life is unpredictable, and none of us really know how much of it we have left, so I'm a proponent of regular spending on things that make us feel better.
Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
Those that you have mentioned, they're part of my plan if ever the time has come for me and I want to start selling some of my holdings. The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
They're in position and in profit already but I don't think that I'd do it this time unless I see some skyrocket to Bitcoin before this year ends. Most plans are in 2025 and this bull run is still quite long.
We have to be patient but too much of it might lose you the opportunity at the right time. So, always weigh things when deciding.
"Question to hodlers:How will you spend the money?" - to buy an island, a lambo and a couple of mulattoes. 
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
I guess selling bitcoin in order to acquire other investment is quite unreasonable, but if you tend to sell a portion of your bitcoin investment in order to diversify your investments, that would make more sense, like buying properties or putting up a physical business that would attract a lot of customers, hence you are adding to your bitcoin investment that would also gain more passive income.Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Why sell bitcoin in order to invest the money received in something else, for the sake of receiving passive income, if bitcoin already brings passive profit? Moreover, not every method of making a profit can boast quite significant returns.It can be real estate,any business,buying land and renting it out or something else
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
However, if you can also maximize your bitcoin investment, that would mean massive profits as well. But I always believe that it’s always better not to put all your eggs in a single basket, that way you will lessen the risk it involved and you will come to minimize the chances of getting lose all at once.
I think the passive income the OP is talking about could be investing in real estate and then renting it out to earn income each month, and bitcoin cannot do this. Additionally, there is nothing wrong if our bitcoin investment is already profitable and we take profits to diversify our portfolio. We all know that bitcoin is very volatile and it would not be wise for us to place all our assets in bitcoin.
I also have that plan, I will take profits when the bull season comes and will only keep about 30% of my assets in bitcoin, the rest I will diversify with other assets and invest in the business sector. That will help me minimize risks as well as have a daily and monthly passive income source through business and real estate rental.
Most holders of the bitcoin market should hold more holdings after the desired success of their investment because they have already received it or will receive more in the future (desired capital gains). I think it will be easy for them to pull back from BTC because of its underlying upward trend and even demand especially with world inflation and political instability putting huge pressure on the economy. As fiats continue to depreciate and historical assets are similarly under pressure, overall it may be recommended to stick with BTC and be more aggressive in investing. Stacked holdings are better than other investments to increase and accumulate BTC in DCA strategy.
"Question to hodlers:How will you spend the money?" - to buy an island, a lambo and a couple of mulattoes.
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
I guess selling bitcoin in order to acquire other investment is quite unreasonable, but if you tend to sell a portion of your bitcoin investment in order to diversify your investments, that would make more sense, like buying properties or putting up a physical business that would attract a lot of customers, hence you are adding to your bitcoin investment that would also gain more passive income.Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Why sell bitcoin in order to invest the money received in something else, for the sake of receiving passive income, if bitcoin already brings passive profit? Moreover, not every method of making a profit can boast quite significant returns.It can be real estate,any business,buying land and renting it out or something else
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
However, if you can also maximize your bitcoin investment, that would mean massive profits as well. But I always believe that it’s always better not to put all your eggs in a single basket, that way you will lessen the risk it involved and you will come to minimize the chances of getting lose all at once.
I keep my spendings limited to fiat currency and not bitcoin. While there are some giftcars purchases happening there are less bitcoin being spent. It is mostly for the long term price growth of Bitcoin along with the accumulation of Bitcoin over time that I am targeting. Both of these are achievable with long term holding.
Using the money to make more money is possible if you are willing to invest these Bitcoins. That is a topic for another discussion and many are already doing this too.
Using the money to make more money is possible if you are willing to invest these Bitcoins. That is a topic for another discussion and many are already doing this too.
We can actually say that bitcoin is a passive source of income and is recommendable for retirement program. Some says it's the end of the way to success due to its flexibility to generate wealth.
So possibly While we may sell off our bitcoin for other purposes in life, such as investmenting on other sectors, we can as well keep it up reinvesting in bitcoin even after harvesting what it has produced for us.
Real estate investments are good idea though because while we're expanciating with our investment, we should also consider management flexibility as we approaches to our retirements. So that reason why bitcoin can't go on extinction.
So I personally has taken shape and decision to a lifetime goal with my bitcoin investment.
So possibly While we may sell off our bitcoin for other purposes in life, such as investmenting on other sectors, we can as well keep it up reinvesting in bitcoin even after harvesting what it has produced for us.
Real estate investments are good idea though because while we're expanciating with our investment, we should also consider management flexibility as we approaches to our retirements. So that reason why bitcoin can't go on extinction.
So I personally has taken shape and decision to a lifetime goal with my bitcoin investment.
Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
Let's say I am able to make six figures when Bitcoin reach a new all time high, I plan to set up a bigger business, not for myself but for my partner, I plan to improve her in business, and I also plan to get some properties back, years ago I sold few lands to buy Bitcoin and today I am very up in my investment but now is not the time to take profit, I will surely do so when Bitcoin does something new, price wise I meant.
I don't plan on exchanging all my Bitcoin for anything, even if I end up having everything I want Bitcoin will still always be something that I can't stop having, it's my Gold, and also my bank, till my last day on earth, I have always wanted to get away from banks and centralization, Bitcoin made it possible.
Many holders will take profits when the time is right for them but you should know that many Bitcoin holder tend to retire holding Bitcoin, they will have time to sell but not all the amount they have, and mind you, those who sold are simply waiting to buy back in, this will net them even more Bitcoin.
Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
This is very important question but there will hardly be an answer that is ideal for everyone because people hold for different reasons. The only thing I know is that majority of people holders seems to be saving towards retirement so they can rest and enjoy their wealth when their strength is weak and they are no more in active service. A good number of people are also saving for their children and loved ones. The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
I am personally saving for retirement, so I can have something to fall back to them. This does not mean I will not also enjoy the wealth when I see the need to because sometime one have to enjoy the wealth to have a feeling of it at a younger age. Part of my bitcoin will also go to my children too because I intend to also make them be involved in bitcoin when they get to a certain age. Giving them bitcoin will be a very good motivation because they will be able to see that it is actually money.
If you check those charts which shows old coins moving for the first time, it shows you that long term holders sell in one or two scenarios.
First one is when there is a huge crash. Usually some exchange hack or that Covid dump. If you look at those charts you can see some old holders got scared and took some profits.
Second time is when we make fresh new ATH. Whenever a new ATH is made there is always some old coins being sent on the blockchain for the first time. Usually they sell very early, such as in 2017, many sold at $3000 but we peaked at $20000.
First one is when there is a huge crash. Usually some exchange hack or that Covid dump. If you look at those charts you can see some old holders got scared and took some profits.
Second time is when we make fresh new ATH. Whenever a new ATH is made there is always some old coins being sent on the blockchain for the first time. Usually they sell very early, such as in 2017, many sold at $3000 but we peaked at $20000.
OP, you asked me in PM for my opinion, so I will just answer here. I dont have a ton invested in Bitcoin or anything, so realistically it probably wont be making me rich anytime soon. But if the price did shoot up enough where cashing out a bit could give my small business a helpful boost, I would likely sell off some of what Im holding. Not looking to fully retire off Bitcoin gains or anything crazy, but some extra capital at the right time could help me take things to the next level with my company and i still gotta keep my day job and all that but growing the business is important to me too. It is always a tricky balance figuring out when to hold and when to sell with this stuff. But if I had a chance to fund an expansion or some upgrades that could pay off long-term, I would seriously consider making a move. This game isnt just about holding out for early retirement - sometimes you gotta know when to take some profits off the table strategically. I dont have all the answers, but thats my general take on it all.
Actually this has a different opinion, it is clear that there are those who maintain their Bitcoin to any extent because they miss opportunities from other fields unlike bitcoin which is quite promising to say so.
There are people who want to diversify; Bitcoin + holders have real estate or other businesses, they want to get different sources but with the thought of ideas from other people then it will be very relevant, right? Ideas from anywhere should be taken that are good and profitable for you.
About massive income then Real Estate or other businesses because they will receive profits every month this is what we expect for the needs and savings that continue to be saved.
I know that bitcoin is pretty good for the long term, but in search of massive income then for bitcoin not, especially for the long term we will feel the benefits when every cycle and where bullish comes again.
There are people who want to diversify; Bitcoin + holders have real estate or other businesses, they want to get different sources but with the thought of ideas from other people then it will be very relevant, right? Ideas from anywhere should be taken that are good and profitable for you.
About massive income then Real Estate or other businesses because they will receive profits every month this is what we expect for the needs and savings that continue to be saved.
I know that bitcoin is pretty good for the long term, but in search of massive income then for bitcoin not, especially for the long term we will feel the benefits when every cycle and where bullish comes again.
As any normal person would, spending it on stuff that matters, down payment for a car, for a house or even as a capital for business, it's not really a matter of how you do it, just don't be too wasteful of your profits and spend it first on things that matter. I've seen what bitcoin profits can do if you don't know how to spend it wisely, you will always end up spiraling into misery after you've spent all of it on the wrong things, that's why I've planned already how I would do it. Maybe I'd use the money that I'd get for hodling for retirement, it's not like I'm not working that I'm depending on my bitcoin to grow, I can wait for it.
I'm planning it all for myt retirement , to have enough land to farm and near running water or beaches.
and also some part will be for my children to be left as my last will because we can never know the future .
but for a while I wanted to use some of my profit to enter small businesses so i can make more realistic profit.
and also some part will be for my children to be left as my last will because we can never know the future .
but for a while I wanted to use some of my profit to enter small businesses so i can make more realistic profit.
"Question to hodlers:How will you spend the money?" - to buy an island, a lambo and a couple of mulattoes.
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Why sell bitcoin in order to invest the money received in something else, for the sake of receiving passive income, if bitcoin already brings passive profit? Moreover, not every method of making a profit can boast quite significant returns.It can be real estate,any business,buying land and renting it out or something else
Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).
Since Bitcoin is valuable, it is possible to get huge profits by investing in it. I have an alternative source of income so I don't have to sell bitcoins. Having this non additional source of income allows me to continue my life and normal activities properly. Since I don't need the money right now, I'm holding on to my bitcoin despite its gains. I expect Bitcoin to go much further from here in the future. Since I have the money I plan to buy more bitcoins, I am prolonging my bitcoin holding plan for the time being, now is the time for me to Hold bitcoins.
Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question
P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them
-Regards
I am not an old investor and holder of Bitcoin but at least I have made a decision to only sell my Bitcoin when the price reach $500k. If am done with my university study, I will seek a job and when I start earning I will save up and start my own company. If i got a government job, am assured it's a life earning opportunity because even after I have retired, I will still be receiving pension and there will be no need to touch my Bitcoin. I have plans to hold my Bitcoin for a very long time in the future unless any thing came up.
All the other investment options you mentioned are relevant but I don’t think, a core bitcoin investor would want to sell his coin simply to go invest in some other things not even this bull run.
But why not? Diversifying makes good sense for investors. Putting money across different assets like Bitcoin as well as more traditional ones can help manage overall risk. No one knows for sure where Bitcoin or any other market will go long-term. betting everything on one horse seems unwise, even for big Bitcoin bulls.
I don't see any investment platform that can pay more than Bitcoin. So I don't think I have to sell bitcoins and do any other business. Because I know it can give me more than my expectations in the long run. But even if I need money, I will never plan to sell my bitcoins until the specified time and my expected level, instead I will try to hold more bitcoins as much as I can. I will try to arrange my money in some other way. But if someone wants to profit from his bitcoins I would not do him but considering the possibilities I would definitely say hold bitcoins.
Bitcoin is a successful platform and it will give you huge profit if you have patience and knowledge but it is also not a bad idea to invest in other business with the profit of Bitcoin because sometimes we also need some physical business for which we work hard and get huge profit.
It is not necessary to sell your whole Bitcoin for another business but you can sell some of it to continue both Bitcoin investment and other business so you can take profit from both of them if you work in the right way.
Hold your Bitcoin until the price is affordable for you but when it reaches to the price higher than 100k$ then sell some of them to put into another business or investment because the bitcoin is very volatile and it can go down again very quickly therefore take your profit and leave the rest for getting the profit during another pump.
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