I was on the verge of further selling a bit, but i have no idea how to spend the fiat, and i don't need money for finishing my house, yet.
Of course, if you have a specific expense in mind, then it does not hurt to shave a bit of BTC off on the way up, because it could become problematic, if the time comes to spend the money on the house, for example, and you have not adequately prepared for making sure that you have enough money because BTC prices dropped to below they had been when you could have shaved a bit off.
So sure, I am do not have details about what you have in mind, but if you specifically have such expense in 6-12 months, then you could consider shaving off 20% of the expense now.. and then just waiting in regards to what to do for the other 80%..
In my humble bumble opinion, such 20% shaving would be better than 0% shaving and just waiting it out.. of course, if your house expense might get deferred for a couple of years without anyone getting upset with you because of your gambling addiction, then sure, maybe you could merely wait it out without taking any reasonable/prudent shaving actions..
Another thing is that we do have a decent number of models that suggest that our current cycle is likely to last at least through this calendar year, but sure we also have decent models that reasonably suggest that we could end up with a 2013 style double top rather than a single top, and sure either scenario is possible, including some scenarios that end up causing our current price location to be the top rather than later down the road.. so you are likely in a better place than me, when I was planning expenses in the beginning of 2018 that ended up coming due.. more or less at the end of 2018 at a relatively inconvenient time, as many of us likely realize after the fact and likely even realized during (or immediately before) such late 2018 happenings.
Thanks, i found a similar way to handle it.
The whole story, until today:
I had some money on the bank account, it was destined for house expansion costs. I would have spent it last fall, but the project got delayed in an early phase and finally got suspended over the winter. I started around december to put half of the money into BTC, bought some dips with the remaining money later on. Then i sold two thirds of my initial investing sum, about a third of the total BTC value at around $47k-$49k. Then i realized that i won't need all of it, kept half of the fiat on the exchange, of which 50% went into Bitcoin at around $52k again. I recovered almost all of the initial invested fiat, have some spare fiat for quick transfer on the exchange as well. The point is, i want to take as little BTC as possible from the total investment, to grow my stash further, because i want to support reaching my "1BTC for each family member" goal, too, even if this is just a tiny step on my way to reach it.
If the rise is continuing, and some more, small delays will appear on the house extension schedule, i can send half of the invested BTC to cold storage. If it doesn't go well with the price of Bitcoin, it will be less, but to compensate for the past growth (i mean not saving any extra BTC), the price would have to tank more than 50% of what it is currently. I doubt that, but you know, we know: We don't know
EDIT:
Decided to spam the thread with a photo from my last holiday at the sea, when i had no kids back then.
It was early morning, i was sleeping on the big rocks on a beach under the sky. I had to capture these small ripples on the surface of the water, just before the sun started to heat up the rocks again. You can almost feel the cool, very light breeze, looking at this scene.
