According to your forum registration date, you are ONLY barely 4 years into bitcoin, so yeah, maybe I can give you a break on the solar panel system, but still I can hardly consider that you would necessarily be in a position to be selling very many BTC, especially since you are claiming that you are still in accumulation mode.. so why sell with one hand and buy with the other.. since you are the one who says that you are supposedly still accumulating.
Don't get me wrong, I am not trying to yuck your yum, but selling BTC does not seem to be a mode to accumulate more BTC... #justsaying
I wish I was accumulating Bitcoin for last four years then I would be in much better position. Still I am happy with whatever I have. I do agree that selling at this time is not a good option because one might miss bigger piece of cake coming in next few months.
I told you my situation for which I did that and I am happy that
BTC has benefitted me and my family in big way.
This help from
BTC has taught me a lesson to keep investing in
BTC to improve standard of living.
Certainly not.
When reading WatChe's explanation i remembered when i was offering my brother in law 0.2 BTC for roofing (i wanted to help his poor heroin-addicted ass), i think the price was pretty low, not much after the mindrust-event, when he replied "BTC will never go over $10k again" and refused, while he happily took the equivalent amount in fiat money. Well, months later, at a very similar stage of last cycle, i still had the 0.2 BTC, sold them with another 0.4 BTC which i had invested in the early bull phase ($9k to $25k-ish it was from in to out, rougly), which were destined to help financing the house extension, because Covid drove up the material prices (only by about 2x so far, lucky me).
However, i was aware that selling this early wasn't the way to accumulate more BTC, but it was helping to raise the value of our home (in case we have to sell our home some day, to leave the EU) and increased the overall quality of life at home.
I wouldn't do anything different if i had a second chance, though.
(EDIT: I mixed up the numbers a lil bit, beacuse i remember i got out more than 0.6x$25k, when revisiting the chart i must have sold at $38-$42k/BTC in 2021)
But, yeah, JJG, it is what it is: A tradeoff (in various ways i won't cover explicitly).
In the case of WatChe, i can just congratulate him that he doesn't put the fiat from his sale into more or less useless, needless things and/or services, while keeping the BTC would have been a little better (in future hindsight, practically), but don't forget: YOLO.
@WatChe: Take care for proper cooling (airflow! for better performance) and spacing (for repair issues) around the panels. And electric security. A burning roof is not a good roof
We're speaking several hundreds of Volts with a good Amperage.
There are many stories about people not having trust in price of Bitcoin. I remember December 2018 when price of Bitcoin was under 4k, there were speculations from light hearted people that Bitcoin might go to 1000$ or zero from here. Just 2 years after that we saw
BTC roaring at 67k$.
Selling
BTC to get necessary fund is much better option then getting finances from Banks. The interest rate in my country (Pakistan) is also at it's ATH i.e. 22%.
Yes, the first thing I found was that Panels must be fitted on some panels above the roof to ensure spacing between panels and roof. Placing panels on roof is not recommended although its saves few bucks.
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