This. I fully agree with this, I had quite a bit of crypto back when the price shot past 60k and yet I held on to all of it, being greedy and thinking it would just be an uphill, slow and steady climb where I can set the coins aside and check back again in years. Before I knew it the price crashed and I sold a few, invested in a few sites and apps that would turn out to be bad decisions due to unforeseen fees, and I'm sure I have even forgot where some of them when to. Got into ETH too and I still have some which were used for staking back then, but now the gas fees are ridiculous at around $100USD for even a single transaction.

If you've made some reasonable profit, why not sell some of it and reap the rewards?

I feel like we have been saying this for years, how bitcoin will revolutionize the world and how bitcoin will be more commonly used and yet I feel that nothing much has changed. What do you think should be the purpose of bitcoin? Should it revolutionized as an asset or a currency? Bitcoin can never be used without a third party service or high transaction fees for our day-to-day transactions. As an asset/investment seems more feasible but why create chaos if you are just getting bitcoin for personal and private reasons? Doing so will only attract unwanted attention and the government may impose additional laws against this idea.

I don't think a website with a faucet on its own can bring enough traffic for decent revenue. Sure, the owner can adjust the payout so that they will always have substantial profit from ad revenue after user payouts but nowadays who even clicks through faucet sites? 10 years ago you can find faucets paying 500-3000 satoshis per hour and per captcha with a low withdrawal fee with help from a central online wallet like microwallet that has shut down. Now sites give single digit satoshis per claim and requires thousands of claims to reach the threshold and cover the transaction fee. Sad to say the days of micro faucets are past, at least for BTC. Altcoins may still be viable but the audience will be too small to justify your project.

Maybe that may explain SpaceX cashing out on $373M worth of BTC, or they could have been part of the reason why. Price dropped to a low of 25,300 and is now at 26,400 but given such a large dump, perhaps the price will continue to fall as others follow suit and panic sell. If you look at the unaudited balance sheet of Tesla, they still have about $184M of BTC left after selling close to a billion worth on BTC in 2022. I wonder if Elon is moving away from crypto as an asset or if there's another reason behind it.