It just dawned on me that if the next high is say 260k as some punters suggest, then the next low after that could be omg -90% = 26k which frankly still seems like a shedload.
I won't be 'cashing out' or selling anything during that whole period because I've got everything I need.
I will be staying on here though even as old WObros slip away to Chile or Mexico or projects or prison as in previous cycles, because there will be an ever larger need for education, for clarity and for unity.
Things are going to get much much tougher when Coppola and Roubini run out of simplistic attacks like 'oh it crashed' and new attacks get formulated; and this is about all I've got to offer in help; my presence, a tiny bit of knowledge, a chunk of certainty and some courage.
To be practical, you gotta start cashing out at some time. You are not going to live forever... and we saw your pic, you are at least in your upper 50s....
You are HODLing satoshi's to pass on to someone else, who likely would not appreciate those satoshi's as much as you?
I will just say that personally, I already have a pretty decent cashflow, too, and even a decent projected cashflow (without even including BTC in that); however, I am thinking that at some point within the next 4-10 years, I am just going to establish a plan in which I cash out of BTC at around 4% per year.. which will probably NOT be dependent on BTC price... which would be cashing out about 1% per quarter... and I suppose that I could be a little bit strategic about those cashing outs too, perhaps?
I am also going to have to find something that I want to buy with it, which I am sure that I will figure something out. Not a bad problem to have... Anyhow, if I see that death (or incapacity) might be coming sooner than I would hope, then I may increase my cashing out beyond 1% per quarter in order to cut into principle. Play some of those cashing out details by ear, but I cannot really consider a plan to HODL for an indefinite time to be reasonable, either, unless I were in my 20s or 30s, then it might be a bit more practical.. but even then, if the value becomes high enough, then it starts to seem prudent to have developed a kind of cashing out plan.. and a cashing out of around 4% per year would likely NOT dig into principle, anyhow.
