Thanks for all the replies. I’m not gonna quote all that though 😂

First of all, I don’t try to cash out in an illegal way. I want to do it all by following the law. It’s no joke in Germany to mess with the tax people. My cashing outs would be tax free anyway. One concern is that I don’t trust governments. And with the (climate change) agenda they are pushing, I think we don’t have a lot of time left to social credit scores and CBDC. I don’t wanna dive into conspiracies. But I don’t feel comfortable having big money on my bank account and the government having access to it.

Also I don’t plan to spend it. I still live the life I was living before Bitcoin. I just want to have something on the side for the worst case scenario of a black swan event. When I got into bitcoin it was all about “fuck Wall Street, fuck the banks, fuck the government”. And now it’s “yihaaa we have Wall Street, banks and the governments joining Bitcoin and we need them for growth”. I want to believe that Trump embraced Bitcoin after seeing the CBDC plans. But at the end I think he is just one of them.

I have trust issues and can imagine they be acting as Trojan horses in one way or another. However. Also I don’t trust Michael Saylor. It needs just one tweet like “Michael Saylor starts selling his Bitcoin” and all hell will break loose. He can talk all day about how much he believes in Bitcoin. But these people are not trustworthy. Too much wealth concentrated in one place is never good.

I probably gonna follow the plan on selling 10%. Not even by price increase I think. Just 0.1 per week dca out. Unless the price drops too much, then I keep holding. Like under 100k Euros I won’t sell. Just have to figure out what currency. Maybe some fiat on seperate bank accounts. Some as usdc. Some as USDT.

Yes, I sold 0.1 BTC yesterday and plan to do so for the next 9 weeks. 0.1 per week. I hope that keeps me under the radar. I used Binance for many years to sell. But still will play it safe and do 0.1 per week. Funnily enough sold yesterday at 118k and woke up this morning to 122k lol. At 0.1 BTC it was only $400 but still.

I know I will regret it in the future for selling 10%. But especially the last few years I had multiple nightmares seeing bitcoin crashing to zero within minutes. Seems like it’s already deep down in the subconscious mind lol

Thanks a lot!

Yes, in Germany the gains out of crypto are tax free after one year of holding. The issue I am afraid of is that I’ve bought them all over the place. Mt Gox. BTC-E. Two exchanges that do not exist anymore. And then some from Bitstamp. Some from Bitcoin.de. Another issue is, if they wanna see proof of where I got the money from back then to buy the Bitcoin. It was savings. How to prove savings. I’m just too paranoid of the German tax office. Technically I didn’t live in Germany since 2020 but I still pay my taxes there for my business income.

Gold is at an ATH, not sure how clever it is to buy that right now. Holding fiat as paper money is something I didn’t think of and I didn’t want to as well if it’s 6 digits. That’s not practical to travel with.

I guess best option is to cash out like 100k into my German bank account and see what happens. But the problem is the USD is too weak right now. Just few months ago 110k usd was like 106k Euros. Now $118k is 102k Euros. Would be perfect if the usd gets stronger the more we near the bull peak 😆

This may sound silly because I’m holding since 2013. But I need some advice. I consider taking some profits for the first time ever. I’ve sold fractions in the past to pay some things. But never took profits like selling for fiat to hold fiat. I know all the sayings to never sell your bitcoin for fiat etc. But I’m also tired. Tired of the wild swings in the market. I would like to have at least something on the sideline if this Bitcoin ship fails one day due to something unpredicted. Whatever it might be. It would be an absolute nightmare to hold for 12 years and have nothing at the end. Because all my full wealth is in crypto. 97% in bitcoin. And 3% shitcoins I plan to convert to bitcoin if we get a altcoin rally. I literally have a few thousand on my bank account to live and pay the rent. That’s it.

So I wanna sell 10% of my holdings. DCA out. Here comes the problem. What’s the safest thing to convert to? USDT seems like a risk long term? USDC? Both had their bad moments in the past where both collapsed short term. But also I don’t prefer to hold fiat in my bank account. It’s confiscatable. And I don’t want the government (Germany) know how much money I have. Also right now I would prefer to hold it in US Dollar value because the USD is weak.

Also I like the option to hold it in stable coins and buy back if we get a bear market and go down to 5 digits again. I have no idea about investing. Of course it would be great to have fiat invested and get 5-7% on it annually. I could easily live off of that. But paying tax is theft and I don’t wanna feed the government.

Hello degens. Back to ATHs

Dang, missed that. Thought we gonna proceed with 1k steps. 107k seems to coming soon.

105k chopper sleeping

Breaking 100k got me more excited than I thought it would. What a milestone! That’s so huge. I know it could dump back to 70k. But still. This is big.

After 11 years of holding, I took a bit of profits yesterday (1% of my holdings) at 88.5k. The last cycle gave me PTSD. I have 100% of my eggs in one basket and thought its a good idea to invest a bit into other things, just in case we get betrayed by Blackrock, Trump and all the people who hated Bitcoin not a long time ago. It´s really hard to take profits and then see Bitcoin pumping. But after 11 years I feel its time. The plan is to take 1% of profits every 10k pump. Until I sold 10% of my BTC. Next level would be $99k. Actually the plan was to start at 59k but I didnt do it. Seeing the 1 million predictions, I feel like its mania phase already lol...

Only wrote this to see what others think and do...

Suspicious when the enemy joins the team. Still dont trust these ETFs and politicians.

89K broken and approaching 90K.

Hello my veteran friends. Good to see you all again in this start of the bull.

3K more today and we will have our first 10K daily candle. We spoke about this in the last cycle but this time its more realistic.

That HK ETF approval didn’t move the needle

So, quick update on the situation from yesterday. Switched wif back to Btc with a tiny profit. The Btc I sold is still in USDT and will buy back soon. I think we might see a dip into the 50s. Right now I am back to +-0

And no, I’m not one of those crypto guys. I’m 99% in bitcoin since 2013. 1% is just yolo and gambling with alts.

It wasn’t a lot. I sold because of the possible war scenario. Because I am 100% fully in crypto and have nothing on the side. If it dumps, I’m buying back at some point. If not, I had plans to cash out a bit anyway because I’m holding since 2013.

I made 25k out of 8k with WIF by just buying and selling in the last 3 months. So I yoloed all 25k at $3.8 back into WIF and yeah it is what it is. It will recover. I’m patient.

I’m guilty of it. I admit. I had such a bad 3 days. First bought some wif with big money right before the crash. And then switched some Btc to wif out of speculation, right before the Iran dump. And then I sold some Btc at 62k out of frustration  

Really the master of bad timing. Have to wait it all out now.

Without taking a side, Iran launched drones to Israel. Looks like they will arrive in 4-5 hours. Easy targets. To me it looks more like a formal attack without any damage. But the whales use any FUD to dump just as they did with Covid.

So, 2020 we had the Covid black swan before the bull run. Now it looks like the WW3 black swan.

I wonder if that’s all the bears got LOL weak