These people who sell are always a step ahead. After 8 years of hodling I was ready to sell my first small amount BTC (not the one I bought Oct 2020) at $59444. And they knew many people will sell at 59k ish so they started the sell off at 57k
Now I will rethink if I sell below $99k
How about don't sell at all. At these price levels, there are ways to make an income of 10s of thousands USD a month on your exsisting stash without selling. This applies to stashes under 10 BTC too. Life is good at these levels.
That shock from the 2017/18 bull run dump still sits very deep. Even though the 2013/14 dump was bad as well, 2017/18 was a real shock. Taking profits in case of a surprising dump is not bad. I know we will pass 100k. But I believe we will see a bigger dump before we pass 60k. If 2013 cycle repeats the real run will be in the end of the year. And between March until end of summer it
could be bearish. At the end, we are all just speculating. Some are good at it and some not.
Edit: I am also curious about that income you talking about.
I honestly understand, especially if you need money to buy a home or other need. My point really is that you shouldn't sell to buy a lambo or any stupid shit like that.
How about elaborating on that a little more, somac.?
ELI5...
Ways to make an income from your current stash:
1. Lend your coins. celsius.network etc
2. Sell BTC futures
3. Sell BTC covered calls
Take your pick on which works best. And yes for some of those things you may have to deliver but, you are in it for the income, just buy the BTC back, even if it is at a higher a price, rinse and repeat.
Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.
No I dont want to buy anything. Just want to reinvest since I am 100% invested in BTC. Only dont know in what to invest yet. My dream would be a passive income of $10k a month after taxes. I could live a great life with that amount in most countries I visit. No need for Lambos, Yachts and "stupid" things like that wich wont bring me any return besides 1 month of fun. Things get boring very fast. No matter how expensive they are. Yes, a cheaper 718 Porsche would be my dream. But I would get it 2nd hand and only if Bitcoin would hit 6 digits. And even then I would probably not buy one.
Currently I am running couple affiliate based websites and making about 3-4k a month. I can live with that. But its a highly risky business since Google pushes big websites on the front pages more and more and we small fishes fight to survive. So sooner or later I will run out of monthly income. Have to find some investments that deliver me a monthly passive income.
Edit: Tried to explain with this why I plan on selling small part of my BTC. So in case Bitcoin really fails, I would have something on the side. Yes, it will not fail. But what if something unexpected happens and we all watch it drop just like in 2017/18.
