Topic: Question to hodlers:How will you spend the money? - page 4. (Read 701 times)

I would use the money to set up an AI to do all the answering in the Bitcointalk forum for me... so I had time to go fishing on the beach.

We know that at some point bitcoin will reach its limit, I'm talking about the maximum bitcoin that can be mined, and we still dont know what will happen after that, but for me as a bitcoin holder even though I sometimes sell some of my holdings because I need to buy something or for emergency, I will still continue to hold and hold until the time where we can see what will happen to bitcoin at the end, but even so if there is still a way or innovation from bitcoin and it will still be in the future then of course I will not sell all my holdings and keep on believing in bitcoin because that's how it is, that's how we bitcoin holders thinks, we will not let ourselves to sell all our holdings until the end. 
 
But meanwhile of course I will find more investment related to crypto currency and see new currency with the potential to give me passive income and good amount of profit, even now I do many crypto currency because I want tk maximize my capability in order to earn and not just stuck in bitcoin.

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.

Well I can't tell what's on my mind, not until I hit my target so in this case I will  keep holding, I know most investors has really make a lot of profit from bitcoin investment. I think those earlier investors must have met up to there target, and at this point they won't find it difficult to execute their plans, for  those of us who are still new In the system I think we  still have a very long way to go.

For me, I don't own so much bitcoin, but for the little I own, I've never really thought about a time coming when I will have to sell it all off and look esle where to invest the money, looking at my age, I have no such plans since bitcoin in itself has proven to be a very good and reliable asset to be constantly invested in, i planned to hold my bitcoin for a very long time, possibly selling along the line, and buying back again, selling and buying, that is, become more like a bitcoin trader by taking advantage of the market swings to increase my bitcoin holdings, and as well take profit from my holding from time to time, maybe from that profit, I can think of investing in a business, buying land and houses, investing in real estate and so on, but never will a time come when I will have to sell all my bitcoin and possibly quit crypto, for that is what it actually is, if I ever will have to sell all my bitcoins to look esle where to invest the money, it simply means I quit doing crypto, this is not gonna happen except something really bad happens to bitcoins and bitcoin is said to no longer going to exist, then, and only then, will I sell if I have the opportunity to.

Real estate and rentals can be a solid investment, I get it.  Dealing with tenants and leaky faucets though? That could turn into a full-time headache.  Maybe starting a little side business would be more your style instead.  But honestly, there's no one right path here.  You gotta think about what makes sense for your situation specifically.  Point is, you gotta be real with yourself.  Think about your skills and time before you decide which investment strategy is best.

This will definitely depend on each person. There are times when someone has it all. Success in their business and business means they also have various investments, not only in the online world but also offline. We certainly know a lot about various parties who are also involved in the property, land, gold and other businesses. but also successful in long time holding Bitcoin or stocks. Yes, once again it will depend on what their financial management means. because sometimes this is also very closely related to their management mindset and finances.

And for now, my main focus is Bitcoin, which I have held for more than 4 years. and I believe that it will cause a Bitcoin bullrun. There are already several strategies for this project and hopefully it can really be fulfilled regarding gaining gains in the next bullrun. And related to other businesses, this is still quite difficult for me to do.

Preaching to the choir here - I think we are all on the same page about holding our Bitcoin long-term instead of chasing quick profits.  But you make a fair point, when do we eventually sell? That question keeps us strategizing for sure.

Personally, I dream about setting up different income streams so I can be free to pursue what I enjoy, travel more or even sleep in when I want!  Real estate, side businesses, rental properties - those can work.  Im just brainstorming ideas too, and always interested to hear other ideas people have in mind.

Well, if this question was asked directly, then I will simply say, after holding and finally selling, the next thing to do  if possible is to life your life as simple as that, but unfortunately, most holders haven’t even thought about selling atleast not this very moment when they’re seriously seeking ways and money to continue buying.

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.

Why do I have to sell my bitcoin to invest in something else? I don’t have any problem with my bitcoin investment and am currently making a good profit, which I know if I keep on holding, my profit will keep on increasing. Why do I have to sell and be looking for something else to invest in? I don’t know if other people are planning to sell their bitcoin just to invest in something else, but I don’t have any plans to sell my bitcoin because of other investments.

You can’t tell anyone what they will do with their money, some people will sell their bitcoin and spend the money,  it’s their money, and they can choose to do anything they want with it, that doesn’t mean they are not smart.

Real estate and stocks. Unlikely Bitcoin, they have a very clear utility so they are always in demand and generate predictable cash flow. But in general I want a diversified and balanced portfolio that yields predictable and low risk income. When you have a lot of money, you don't need to chase high returns, you need to focus on consistency.

If you really need money to spend for important things then I would sell some of it instead of selling all of it before spending the money to the things I really need. Well, if you have extra money then there's no need sell some of your crypto for fiat. As many people said that you shouldn't make crypto as your main source of income but as a secondary income or a sideline. Well, when the time comes that I have to sell bitcoin then I would divide it into portions like 20% to personal wants, 25% needs, 30% for emergency and the rest is for savings.

I am a holder however it is not as long as you think. That makes me qualified to respond too. I have big dreams for what I'll do when I take profits but it is nothing too concrete. Plans can change so that is what I have in mind. Also something may occur that will require me to take it out sooner than planned.

The sketchy thought I have in my head is to build a library in my society. The library will have almost a whole floor dedicated to Bitcoin, its history, its creator and its people.

I really want to refer here to the morpheus meme, "someday Neo, you won't have to sell". It is reasonable to spend some, imho, but many people will keep a significant % of their stack

Everyone has his own reason for holding and they can decide on when and how much they should continue holding or sell out, but i don't think there will be a long time holder till now that will want to sell all he has been holding till now, they will rather release part of it or also make an investment in other asset along the bitcoin investment, some of them do have the target that they are investing for the future and may not sell out at anytime soon since they believe in the value of the coin and future prospect it has.

I didn't say you had to sell everything
I just said that in the future such a moment is likely to come for everyone
I'm an advocate of income diversification,you can't put all your eggs in one basket
People may have different opinions and i'm interested in hearing them all
Some will agree with me,some will not,that's why i created this topic

 
Although you said that you are also a holder, I will like to ask you a question: as a holder, do you think it is a good strategy to sell all your bitcoin that you have been patiently holding for a long period of time to invest in a business that you are not 100% sure will succeed?

Take a deep look at it without working, Just being patient By holding bitcoin for a long time, you will make a profit. Didn't that look so easy to do? I know another source of income is good, but what is the essence of selling all your investments? Why not sell 1/4 or half of it to start up the business? If you keep getting higher profits, you will add more to your bitcoin investment, or do you think if you sell all your bitcoin investment, you will have interest in investing again? You might think it will be easy, but if the amount of bitcoin goes up, then you will feel discouraged because it will be like you have started your bitcoin investment from the beginning.
 
So if you truly want a good strategy, you should plan to start up a small business that will not consume more than 1/4 or half of all your investment, and even if the business fails, you will still have a backup.

Why do you think so?
First of all, you don't have to sell to get something else. You can exchange bitcoin directly. I don't have to go to an exchange to get fiat money to then buy a house. I can strike a deal with someone to get his house and transfer my bitcoin to his wallet in exchange for that. There won't be any selling of bitcoin, but a simple transaction.

Why do you assume that I have to sell my bitcoin to create passive income?

Why do you assume that I want passive income in the first place? My bitcoin offers me enough of that.


That's exactly how I feel.

If I had to sell all my Bitcoins just to create a business that generates passive income, I wouldn't do it. Because for me as long as Bitcoin continues to provide good returns for me, I will continue to keep it and also continue to buy it as long as I have the ability to continue buying Bitcoin. Because I think Bitcoin will continue to give me good profits in the long term which makes me have to think long and have to really plan very carefully if I want to create a business, because creating a profitable business takes a long time.
If I use my Bitcoin to create a new business, I have to sell my Bitcoin and have to wait a long time for my capital to return and even then it hasn't made a profit. And that time has squandered any profit I could have made from Bitcoin if I still had Bitcoin, and that profit would have been pure profit and probably a very large amount. So I have to really think about this so that I don't regret it and I also don't need passive income other than my salary from work. Because the income from my job is enough to meet all my needs and also to invest in Bitcoin periodically according to my ability after all my important needs are met, and I prioritize Bitcoin for my future or old age and also believe that in the future Bitcoin will be very expensive .

Why you want to do a business you should do no they cannot business that you want to venture into because sometimes business of real estate management does not favour everybody, because I know very well many people who is into salt business have not prosper very well so if you are doing real estate management you have to be watchful and also understand the business what I know very well that can give you people money is when you invest in cryptocurrency so I know very well that cryptocurrency is something that is more money