...edited...
hahahahaha
You seem to have some correct in you from time to time, lambie bambie.
When there are posts about extravagances, then that seems to be an opposite behavior to HODL and accumulate... especially when the BTC prices are dipping.
Seems that we might need more McDonalds posts and possible ways of frugality during these kinds of trying times.
If you have a substantial stash of coin, retired off it, need income but are loath to sell at these prices, consider earning weekly interest on a portion of holdings through Celsius. It's way better than selling.
... Then again, by lending, am I providing the central bankers a means to drive the price down I wonder?
I don't rest understand these aspects of market mechanics.
A lot of people get distracted and lured into interest bearing products because they believe that the return on BTC is not good enough for them. Seems too risky to me, and also seems unnecessary, but if you want to trust your coins with third parties, then so be it. That's your choice.
Many times people who borrow BTC are actually dumping those BTC so yes, there is that aspect to it, on a more macro level.
I lend a portion of my btc Stash for weekly interest payments because I have no regular income investments at all, it's in btc mostly, and a bit in managed investments. Being retired, I need income, and btc lending is the most obvious source to put it to work.
Well, that is fair enough. Each person has to consider his/her own situation and what investment options that s/he has including what other investments that s/he has, which might include various forms of cashflow that might be available, including whether cash flow comes from other places.
Surely, I would not recommend any kind of diversification of investments that only involve BTC or have no other investments or has all money only in BTC, but whatever each of us has different situations whether we have to start drawing from our BTC or if we have other sources upon which we can draw - and of course, if you are retired, then either you have an income from your retirement and/or your accumulated assets or you don't, so if you have no other accumulated assets that can draw income and/or you do not have an income from other retirement plans, then yeah, you might not have any other choice but to start to attempt to earn an income off of your BTC stash. Does not seem to be a preferred situation, but it is what it is in terms of where you are at and your age or health conditions or your mere choice to go into retirement status (if not choosing prematurely, only you would know the answers to those various questions).
I will never sell my btc Stash at below ath prices if I can live off interest, as a matter of principle. But is it really more principled and better for btc to lend instead of sell?
Those are factors that you need to weigh for yourself the extent to which it would be better to lend than to sell, and not everyone is going to come to the same conclusion. I am pretty sure that I am not going to come to that conclusion, but my plan is likely going to play out differently, since I had considered the most intense aspect of my BTC accumulation phase to have been in 2014, and even though I still accumulate some BTC, especially on large price swing, my whole system has gone more into a kind of maintenance stage. I am thinking 4-5 years in which I might go into more of a liquidation phase, and currently my going into a liquidation phase has more to do with other things going on in my life rather than purely considerations of BTC price, because currently, I would ONLY not sell BTC if they BTC price were below $5k, otherwise, my liquidation phase (if I were to feel some need to go into it) is already tentatively authorized (by me) so long as the BTC price is over $5k. By the way, early liquidation (which is theorized as a kind of maintenance of principle) authorizes a withdrawal of 1% of value per quarter, but if I go into a more aggressive liquidation that involves selling principle, then that would likely mean that I either have some emergency situation or some thoughts of needs to attempt to liquidate before end of life, if such a health situation or age were in consideration of such timeline issues.
I figure if central bankers are borrowing mine and others btc through middlemen like celsius.network to dump it, assuming they have infinite Fiat to play with, the price will go down as long as people are willing to lend. But if deep pocket buyers ever buy more than what's available to lend, the price has to shoot up like fireworks when they cover their shorts by actually buying.
Those things could happen, but your decision to lend BTC through celsius network or through any other platform like that should be made on an individual level in terms of whether you believe that it is a prudent risk for you to leave your private keys with some other entity including the pay off that you get or if there might be better ways to either generate income (whether from BTC or otherwise).
I will concede that I had gained some interest on BTC that I had on Bitfinex during the 2017 market, and I recall that a lot of guys made a killing on Poloniex during that time, and even though I chose to make some BTC (or stack some sats) at that time, I have subsequently come to different conclusions about the level of risk, and that was only less than 10% of my total BTC, anyhow, but still, I no longer believe it to be prudent risk for myself, but I understand that guys (and gal) are going come to differing conclusions regarding the amount of risk that they are willing to take for the pay off that they believe that they will get through the use of such lending service(s).
Increasing volatility will not be good for growing adoption, yet isn't it better to lend than to sell?
It is not necessarily better to lend than sell. You are taking on additional risk, and that is a choice that you make, and not everyone will conclude it to be a prudent risk.
Furthermore, there are also ways to make money through volatility, and surely volatility are one of the most guaranteed to happen phenomenons in bitcoin, moreso whether it's price is going up or going down, it is almost inevitably going to be volatile for a decently long period of time into the future, and if you know how to play volatility you can either make money off of that or at least attempt to use volatility to your advantage.
If I had a do over I would have sold off half my holdings earlier, but it's so easy to get greedy.
I don't recommend playing around like that, and sure it is easy to make those kinds of proclamations retrospectively, but it is really hard to predict the BTC price direction, so it might not pan out too well to be selling large portions of your BTC and believe that you know that a correction is coming, when it may or may not come in such a way that would allow you to sufficiently profit over having had just held through the ups and downs and just keep accumulating BTC like a long term investment rather than trying to play short term moves with large amounts of your BTC stash.