Combination of the young age correlated with Bitcoin for the future

[user87654]

Having 4 BTC at 20 years old is amazing, and my question is where did your friend get it?
You should ask your friend, what is your friend's purpose for having that much Bitcoin and I'm sure your friend must have knowledge and understanding about Bitcoin because to get that much Bitcoin it takes quite a long time. Unless he is a rich man who can buy Bitcoin at any price beforehand.
And my advice, because it is still 20 years old, which in my opinion is still very young, it is better to continue holding it and also accumulating it. Because in the future the price of Bitcoin will be much higher and it also has many benefits that will make his life peaceful and calm with his new family.

My friend has accumulated Bitcoin over the last few years and stacked it accordingly hard

Yes, my friend actually has knowledge about Bitcoin as do I.
Only I don't have that many BTC :-)

I think your last two sentences are actually true in life and I think that's the whole point.
He's "only" in his early 20s and you just feel like you're missing out on life and have to experience everything at the same time and so on.
It's like that feeling of FOMO just in life and when you have that amount of money in the back of your mind it's very tempting to sell.

But I think continuing to HODL Bitcoin over the coming years will probably be the best decision ever for his Lifetime.

Thank you for the interaction!

[Vaculin]

Hello everyone

I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL

This is the reason why we should learn to take some research first before trying to indulge in an investment, at least you will be guided on what to do with your bitcoin most especially in the future. For me, its not bad to sell a portion of his bitcoin in the upcoming bull run so he can also enjoy the profits of his investment, that's part of self-rewarding. But if he wants to take advantage of the opportunities while he is young and accumulate and stack more of it so he can benefit it when the time comes that he wants to build his own family, then that could be more favorable for him.

Bitcoin is a highly valuable investment so one should utilize it when its only really needed, otherwise just save it for future retirement which probably by that time, its value will grow 5x or 10x from the amount you bought it.

[Finestream]

Hello everyone

I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL

Most probably he in a state of mental dilemma because he is confused whether to take the profits for its present use and enjoy life to the fullest or just stack and use it to secure his future as well as his family. But if I were in his shoe, if he has sufficient amount to spend at the present, then it will be better to leave his bitcoin in his portfolio. That way, if sudden emergency cases arise, he can use his bitcoin for that.

However, selling a little portion is not that bad as long as your intention to use it is reasonable. But if it means using it for all out partying just like what his common ages are doing, then I would never advise to sell even a portion of it. Save it for the future instead.

[Assface16678]

Well, I find it hard to believe that your friend has that much bitcoin and still doesn't know what he will do with it. Anyway, maybe if the next bull run hits, he can sell some of the bitcoin, not all, because it is good if he lets the other bitcoin be invested and keeps holding onto it. After selling some of the assets, he can start a business to circulate the money. As he is in his early 20s, I assume that he knows even a little about business or he knows what business he wants or has in mind. And if your friend wants to be in line with bitcoin, then try another way to earn bitcoin with the use of his assets, which is bitcoin, trading, staking—name it, there are a lot of options out there. He is lucky because he has that much bitcoin at his young age. I just hope he will manage to grow it and spend it well.

[Blitzboy]

Bitcoin owners, especially young ones, are often in the same situation as your friend. Take a look at this: Bitcoin is often called a "safe haven," but it can go up and down in value. It can go up or down in value depending on many things that are out of a person's control. Not only should you think about the money you could make, but you should also think about your life goals and your ability to pay your bills.

First, if I were him, I'd check my bank account to see if I have enough cash saved to cover my current needs. Have I made a variety of other investments? Reliance on a single asset type, even one as promising as Bitcoin, is risky, so keep that in mind. Its important to diversify.

Also, think about the psychological side of it. "HODLing" during times of high volatility can cause a lot of stress. Finding a balance between cash goals and mental health is very important. Long-term goals, not just short-term gains, should guide the choice in the end. Is he saving for a certain reason, or is this purchase part of a bigger plan for his money? The answers to these questions might help him make a choice more than just guessing what the market will do.

[kryptqnick]

4 BTC is a very decent amount but not enough to actually cover one's life forever, not at the current price. Lucky for him, he doesn't need to sell all BTC at once, so it's not really a dilemma. I think the op's friend should explore what he wants to do with his life, what kind of career he wants to pursue. Bitcoin can be a safety net, so that he doesn't need to worry if he's running short on rent, is fired from his job, or really wants to quit his job without having found a different one. It's okay to spend a little to treat oneself and one's loved ones. But early 20s is a great time to figure out what one wants from life, and it would be a shame not to do it just because of having some money from Bitcoin.

[AbuBhakar]

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

If he is in doubt, why not sell part of his holdings so that he can enjoy some of his profit while he is still invested on Bitcoin that can generate him profit when bull run occur. It’s not necessary to sold all of his holding now that he is confused on his choice since he holding huge amount already even just part of it can give him a good start on his teenager life.

I’m on this situation before but the price of Bitcoin is just 10K. I’m very happy to take profit some which I use to purchase my tools necessary for my work. Now I earn profit using tpit which I use to purchase back Bitcoin.

[OgNasty]

Bitcoin and time presents a unique challenge for people. Sure, if you are willing to hold Bitcoin for 8 years or more it is extremely likely that it will benefit you financially. However, people don’t live forever and things can happen. So owning Bitcoin is a constant game of wanting more wealth later or to live better now. Make a choice you won’t regret.

[CryptopreneurBrainboss]

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

He should continues to work and stack as it'll be more beneficial to him then selling and wasting the money on things that won't have a future price appreciation. If he isn't in need of large sum of money that demands him to sell his investment, why is he considering selling. Your friend is still young so he should use this opportunity to keep on stacking and in the future he'll thank himself for taking this decision instead of wasting his money on wants that aren't necessary in life.

If he's scared of the bear market that'll follow after the bull market comes then he can delete his wallet from his device so he doesn't see the value of his Bitcoin dropping but keep on stacking.The price of Bitcoin is programmed to always increase in value after the halving and let say the price doesn't increase by much after some certain numbers of the halving still by hodling he should be in profits that would be better than the price he would have sold if he does that currently.

He can consider Bitcoin as his retirement plans and keep stacking bitcoin to be sold when he has reach an older year that he can no longer work for money then he'll sell his Bitcoin and live the comfortable life he's dreaming about having now. He shouldn't make the mistake many people make by enjoying their youthful years while they don't plan for future years.

[demonica]

Not sure if I should believe this story but regardless if this is tru or not, I don't see why he should be in dilemma on what to do with his Bitcoin. At his young age, 4btc is a pretty huge amount of money.
If he's uncertain what will the price of Bitcoin be in the future, he can use some of it to start his own business so he'll have another source of income where he wouldn't have to work for others. And it could be his main source for a long run. He can both continue his investment in Bitcoin while having his own business as his main source of income, and enjoy with some of his profit. He's still young and can still learn a lot in life.

[Publictalk792]

I don't know in what situation he is means I don't know about his life. But he is young and he has whole life ahead. And in my point of he should HODL and wait.

I have an Idea if he is thinking to sell now so now the value of 4 Bitcoin is almost $150000. So I think he should wait and Bitcoin will touch $100000 so he can sell 1.5 Bitcoins at that time which will be equal to the current price.

By the this is personal decision so he can wait or he can sell it. We can give only Ideas and he know better what he should do?
So he should think by himself and what is better for him. We think according to our minds and he will think according to his mind. So just give him Ideas and give him time to think about it.

[AnonBitCoiner]

It depends on a holder's situations, if a holder situation are as such that he can afford his expenses then there is no need to take out his money but he should still leave his amount until 2024. The guy as keep saved four bitcoin so I think he bought these bitcoin during bear season so when halving arises he will definitely find good results from it. Other thing is that a person should think about his profit and better way is that take profit during next Bull run and then either leave your some bitcoin for further years or sell all your bitcoin to buy again during next bear run. As he has saved bitcoin from the age of 20 then I think that he will be a successful investor in future because he is learning all the matters of trading and investment from an early age.

[Bitcoinpoly]

Hello everyone

I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL

Basically he needs funds to live his life perfectly and since he has 4 BTC that is relatively okay to carry him out of the poor people’s category. I would advice him to keep hodling and also he can invest a good amount in order to make profit from APR interest just like the Bitget Shark fin product.

[michellee]

If a bull market occurs in the next year or 2025 and the price of Bitcoin can reach above $100k, he can sell his 2 BTC and enjoy the profit. But only spend his profits on things he needs. Just buy things that can help him get better.

After he finished purchasing his items, he should still have some money left. He can use the remaining money to invest in Bitcoin again because after reaching its new ATH price, Bitcoin's price can fall to its lowest price. We already saw what happened after Bitcoin touched $69k as Bitcoin's last ATH. The price slowly decreased and finally reached $17k.

That's where he can buy Bitcoin again in the hope that at that time, he can buy more than 2 BTC with the remaining money. And when the market is bearish, he can start investing in Bitcoin again while accumulating more Bitcoin. But he can continue to hold Bitcoin even though, at its new ATH, the price of Bitcoin can reach above $100k. At least he should have his own plan.

[titokruzon21]

continue to work and save the 4 btc, its good amount but not a get rich amount enough in the next bullrun i think,the next one yes, but could be this one if he want to risk it in alts.

[Ndabagi01]

Your friend owning 4BTC at this age is fantastic, but using the work to be in a mental dilemma sounds really strange to me. Your friend is richer than millions of people on the planet today; why is he in such a dilemma when he is comfortably wealthy at his age?

If I were him, I would sell some if it was truly necessary to make my life more comfortable. Selling everything is not a good idea right now. He is in his early twenties; this is the age when money can easily persuade him to spend lavishly and live an extravagant life. For the time being, he should only sell to buy or use it for what is important to him, or better yet, find a way to make something productive out of the bitcoin he sells.

[Die_empty]

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL

I don't understand the comment " live his life". Living his life does it mean leaving his parents and starting his life independently or does he have other plans that will make him live more comfortably? It all depends on what he intends to use the money for. Diversifying his income to another sector will be a good reason to sell some part of his coin. If he discovers another investment that can become an alternative source of income will be a welcome development. People are that age suffer from youthful exuberance and peer influence. He shouldn't sell the coins because he wants to use them to satisfy his lust for material pleasure. Maybe he wants to buy a modern car, designer clothing, or go on vacation or other pleasurable activities that will not bring in any profit. In summary, if he wants to sell the coin to reinvest it that's okay, but if it is just for pleasure or for another unimportant purpose, he should keep hodling.

Your friend owning 4BTC at this age is fantastic, but using the work to be in a mental dilemma sounds really strange to me. Your friend is richer than millions of people on the planet today; why is he in such a dilemma when he is comfortably wealthy at his age?

OP has already clarified that the mental dilemma he is referring to is that his friend is confused about what to do with the Bitcoin he owns. He is facing indecision on whether to sell his coin in this bull run and use it to solve an undisclosed issue or keep it for it to appreciate further in the future.  It is also worth noting that money is not the total solution to misery. It will only solve the problems of the poor, I am sure that there are many miserable billionaires.

[Solokan]

20 years old is still a young age, and of course still has long hopes and goals and I am amazed at your friend at a young age but already has 4 bitcoins. I think selling bitcoin during a bull run is a good way and after selling you can buy again during a bear market, I think that's the way to overcome your dilemma friend. but of course there are various methods of investing in BTC, there are those who sell during the bull run and there are also those who invest for the long term, for example for 10 years or more, for example, like the person who bought BTC in 2011 or 2010 and has not sold it until now because he knows the potential BTC in the future even during the bull run in 2021, was not sold because they saw the long-term potential of BTC considering the limited supply of BTC. So I think friends, you don't need to be in a dilemma, just be yourself and if you really want to sell BTC during the bull run, that's fine, but don't regret it if in the future the price of BTC is higher than now.

and you need to remember that investment is looking for profit and if you want big profits you usually have to be patient and wait a long time but if you want small profits it certainly doesn't take that long. Of course, the decision is up to your friend, let him choose according to his wishes.

[Hewlet]

Hello everyone

I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).

He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.

Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?

Thank you for your input.
And I hope I can motivate him a bit with these inputs.

Friendly HODL

from the first look of this, it's a fabricated story and I must say that you need to understand that the fact that you're a newbie in the forum speaks a lot of you being inexperience and when next you bring up a thread into the forum, you need to first understand that people will read through your writeup and a fabricated story is very easy to dictate most especially when it is coming from an inexperience person.

Your friend owns four bitcoin in his early twenties and and he is currently in his early twenties and his confused on what I do with his bitcoin? How was he able to accumulate that much bitcoin within a small interval of time and suddenly great confused regarding what to do.

[GeorgeJohn]

Their is some certain things you will do when you see money, I believe what your friend need is a legal advice and how to utilise his money, if I should have a four bitcoin [4btc] I will not depart in having bitcoins but I will use at least two bitcoin [2btc] for development of infrastructure while I will invest two bitcoin like hold two bitcoin because of future bullrun, because bitcoin  Increases every day and I believe that the increment of bitcoin is something that can occur now and also fall now, so the market of bitcoin is baseless and unpredictable, so you can't continue holding your coin without having manual project that is physical