[edited out]
my "not getting it" is maybe influenced by trying to justify to myself not selling in the previous 3 bullruns and having to live through the horrors of multiyear bear markets. the chances that the next bull run is the last one are impossible to calculate;
It is not impossible to calculate. The possibilities that the next bull run is the last one is low as fuck, so we should not be planning our lives around low as fuck probabilities.
![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
Your failure and refusal to shave off some profits in the the last three bullruns should be a learning experience rather than a doubling-down experience, in my humble bumble opinion.
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
it would be stupid to act only on behalf of such a doom and gloom scenario.
You are correct.. so stop doing it and stop suggesting that such next bull run might be the last bullrun when that is pretty damned close to fantasy landia...
what I want to express is that it may not be wise to sell 80, 90 or even 100% of your stash only because the fiat it represents makes you drunk.
Sure... that makes sense.
I decided I will always keep at least a quarter of my stash,
That makes sense, too.
no matter what price it reaches. if btc would shoot to $1 million by EOY I would still not go all fiat. in addition leaving my wealth on an exchange to buy back later in such a turmoil that the next run-up frenzy will bring is another risk.
edited
Few of us should be complaining about recommendations to take those kinds of hold your own keys (and keep a decent amount of BTC in cold storage) prudent strategies.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
It is going to be difficult to HODL if the price hits $100,000 or close to that range during the bull phase this time. How many of you will sell nothing & be happy to sit through another long crypto winter? Surely everybody is going to take life changing money out this time?
Not everyone is going to be cashing out of their BTC if BTC prices go to $100k or even $200k because they are in a different stage of their BTC investing including not reaching their BTC accumulation goals - whether that is 1 BTC or 10BTC or 21BTC or some other amount that they consider to be reasonable, and some folks have been in this thread a decent amount of time and do not necessarily have a lot of disposable income that they can invest into BTC.. so people are at different stages of their BTC accumulation.. including their time horizon.