Combination of the young age correlated with Bitcoin for the future

[davis196]

Someone is his early 20s having 4 BTC(120K USD)? I find it hard to believe... Would you mind posting any legit proof about the existence of your "friend" and his "4 BTC"?
How did your "friend" managed to gather 4 BTC? Did his parents gave him the BTC, when he was really young and the BTC price was really low? Does he run some kind of crypto business(or a crypto scam)?
This is a typical "first world problem". There are people with actual problems in the real world. Being in a "mental dilemma" about selling or keeping 4 BTC isn't a serious problem at all. Having lots of money in an early age is a recipe for disaster. I hope that your so called "friend" doesn't waste the money on girls and weed/alcohol/drugs/gambling.

[bayu7adi]

Because of his young age and his big money, wouldn't it be better for him to sell a portion of it to start a business he dreams, or at least make one of his dreams that can be bought with money come true first?

Meanwhile, if your friend needs income for his future needs, he could develop several businesses since he has the opportunity to start it. I believe it wouldn't immediately spend all of his BTC, so he can still HODL to anticipate other bullish moments and also as a financial backup if something sudden happens, like a business collapsing or a family member facing a crisis.

Using some for current and future needs, and the rest in HODL, is my suggestion. Investing in the future can also involve taking courses or training to gain knowledge about finance or economics. That would be better.

Afaik, people experiencing mental dilemmas are those on the brink of life and death due to their economic conditions, not young individuals with 4 BTC.

[Ahli38]

I think it depends on your friend's current financial condition. If he actually needs money and hasn't worked or is already working and has the desire to start a business. So I think selling some of it later in the bull market or when BTC reaches a new Ath is something that will be really profitable. And he can start another business with these profits. But if he is already working and does not have financial difficulties, then holding onto the bitcoins he has for the long term is certainly a good step. I think your friend is lucky because he has 4 bitcoins. Because even I am currently still struggling to reach 1 btc. And it's really not an easy journey.

So the choice is based on the situation and conditions of your friend's life. And actually it would also be better if he sold some of it at the highest price later and then put it in other investment instruments with lower risk. Because it is also important for us to divide wherever we invest (investment diversification). Because it is too risky to only invest in one instrument.

[EluguHcman]

Firstly I am is wonderful what his vision to life is?
What has been his financial stabilities all these while he could be at early 20s and stack such amount of Bitcoin?
Does he insights on long-term goals?

Whether I am convinced that he is on the safer side or not,  I am basically on the line to say.... Congratulations to him.
So I am on the saying that he meets with a reliable consultant where he could gain an expertised advices from an industrial and a management specialist because I don't know his aid level of acquirance relationships where numerous levels of undisputable parameters are placed before him at a choice and decision making.

Aside that, my contributions is that he should set a diversification of incomes that if his source of income aside Bitcoin is not enough, he can sell maybe some fractions of it to enable him set up his financial freedom to life towards its end.
He can also keeping accumulating, hodling and stacking as much long as .
Bitcoin is not only designed to attain financial enrichments at where its riches is not exhibited to practically solving our need. Only that we should be concious and hodl for long-term because tomorrow's would always have the best.

Again, he should live his life to the fullest with some aids of enjoyment that is nourishing to life.

[Essential10]

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?

If your friend has 4 BTC, your friend should first establish his short-term and long-term financial goals. If he needs funds immediately or wishes to cover living expenses, he may consider selling a portion of his Bitcoins. If his goal is long-term and he believes in the potential growth of Bitcoin, he may choose to hold his Bitcoin. If he has financial needs or pressure to pay off debts, it may be wise to set aside some Bitcoins to meet those obligations. Although Bitcoin is over $38k in the current market the decision is ultimately your friend's, I think it's better to hold onto his Bitcoin.

[Blitzboy]

I think it depends on your friend's current financial condition. If he actually needs money and hasn't worked or is already working and has the desire to start a business. So I think selling some of it later in the bull market or when BTC reaches a new Ath is something that will be really profitable. And he can start another business with these profits. But if he is already working and does not have financial difficulties, then holding onto the bitcoins he has for the long term is certainly a good step. I think your friend is lucky because he has 4 bitcoins. Because even I am currently still struggling to reach 1 btc. And it's really not an easy journey.

So the choice is based on the situation and conditions of your friend's life. And actually it would also be better if he sold some of it at the highest price later and then put it in other investment instruments with lower risk. Because it is also important for us to divide wherever we invest (investment diversification). Because it is too risky to only invest in one instrument.

His decision depends on his finances. Use Bitcoin's future bull run to sell at a peak, profit, and fuel entrepreneurial ideas if his situation requires it. Cryptocurrencies are volatile, making market timing risky. If financial stability isnt a concern, long-term Bitcoin holding may be better. Why? Despite fluctuations, Bitcoin has grown significantly over time.

Yet, here's a critical point: diversification. Your advice on spreading investments is precise. Diversification is strategic and reduces risk in an unpredictable financial environment even though bitcoin is "number one". Bitcoin is powerful but subject to market fluctuations. So, whether selling high or holding long-term, balancing with other investments is crucial.

[Asiska02]

This is a very large amount of bitcoin when converted to fiat. If I am in your friends situation, I will sell some of them and keep some for the upcoming bull run. The ones I sell will be used for personal development, business and daily expenses so that I don’t look at the one left in the wallet. Bitcoin is increasing since it was first launched, since I’m hoping and sure that it’ll continue growing in future, I would rather keep some for a later time and if time permits and I have enough funds on ground, I will still invest more to help expand my earning or business when I cash out more profit from the investment.

[Nrcewker]

Tell you friend that Bitcoins are fixed in number. A time will come when there will be scarcity of Bitcoins, at that time the demand to acquire the Bitcoins will be at very high peak. So if you have enough Bitcoins in your wallet till that time, then imagine how high you will sell the coins at that time. So if it’s not urgent, then don’t sell these high valued Bitcoins in these cheap price. Bitcoins are atleast 10-20x more valuable than the current price if we see the future projections. So accumulate as many Bitcoins as you can, and hold it for long time.

[sunsilk]

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

I'd sell some and will keep on holding the rest. If I am still at that age, I'd enjoy the money that I'll get from selling a few from that stash. There's no need to rush and tell your friend that he should think what he wants to do with his life while he's young.

There is no need to get pressured with life and he's got a lot of bitcoins being held. That means that he can be financially free as of now and can do that much with that money.

Depending on the country you reside, if it's from a first world country then that amount may not that be much compared to the actual rich people but hey, that's still $150k so, can be said as financially free guy.

[Razmirraz]

4 BTC is a very large amount, how can he collect that much BTC at the age of only 20 years, since when did he start collecting it? I suspect this story is just a fictional composition without a clear reason, someone who owns 0.1 BTC already understands how to determine their attitude towards the assets they own.
Well, your friend has 4 BTC, then why does he have to be in a dilemma, isn't he already very senior in the field of Bitcoin technology? If I had that much BTC, I would determine it depending on my monthly income. I would continue to hold it if I had a steady source of income.

[Hamza2424]

Who who promised him, that Bitcoin is safe heaven can really give him a better tip/suggestion. Bitcoin is a safe haven in the crypto industry, and overall the crypto industry is a risky investment market. We always recommend everyone invest only the amount they can afford to lose Bitcoin is not the money doubler, if you do not have the patience and determination this market has nothing for your survival not even with Bitcoin.

There is no doubt that youth is more interested in managing their finance to a new standard and efficiency to avoid a future crisis, but OP the whole story by you seems very fake, I'm not allegating just pointing out the weakness of your story, your friend owns 4 BTC and he is not clear with what to do really? How immature that he cant make proper decisions seems like already your friend has good background money that why he invested in Bitcoin without proper education nd long term plan.

[CryptounityCUT]

Firstly, he might want to revisit the initial reasons behind his Bitcoin purchase. What motivated him to enter the crypto space in the first place?

Secondly, encourage him to reflect on his life goals. What does he truly desire? Aligning investments with personal objectives can provide clarity.

Lastly, investing is a business endeavor. Remind him to approach it with a strategic mindset—analyze risks, set goals, and make decisions based on a sound business strategy.

If you want to be successful, act as a successful person.

[strunberg]

And no, he didn't buy Bitcoin when it came out in 09/10, he actually bought them over the last few years and is currently in his early 20s.

I caught your words on this one. If he got it in the last few years would you tell us how he got it? If he gets it using the DCA method then it can be confirmed that he is actually a rich person because in the last few years the price of BTC has been around $15k-$60k, CMIIW. I'm still confused because you said he was still in his 20s, which means how did he get that much bitcoin? Maybe if you say he is in his 30s it makes a little sense because he was at least 20 years old when Bitcoin was first released.

[wmaurik]

And no, he didn't buy Bitcoin when it came out in 09/10, he actually bought them over the last few years and is currently in his early 20s.

I caught your words on this one. If he got it in the last few years would you tell us how he got it? If he gets it using the DCA method then it can be confirmed that he is actually a rich person because in the last few years the price of BTC has been around $15k-$60k, CMIIW. I'm still confused because you said he was still in his 20s, which means how did he get that much bitcoin? Maybe if you say he is in his 30s it makes a little sense because he was at least 20 years old when Bitcoin was first released.

If someone gets more Bitcoins when they are 20 years old, it means that they were familiar with Bitcoin before they reached that age. But in this case I also want to give a little argument that when Bitcoin was first released, the price was very cheap and it wouldn't even be that difficult to get it. The only problem is that currently not many people know about Bitcoin and also not many people believe in Bitcoin so Bitcoin ownership is only owned by a few people at that time.

And for other things, such as making an example of when someone was 20 years old when Bitcoin was released. This is also quite possible because in the past there were many web faucets that could be used to search for Bitcoin for free besides buying it on the market at a price that was still quite cheap at that time. Even if someone only relies on the web faucet, they won't be able to collect Bitcoins in large amounts unless they buy them through an exchange or assemble a mining machine to get more Bitcoins at that time.

[bangjoe]

The 20s are still very young, and having 4 BTC is a great success, I don't know what kind of work your friend did to accumulate 4 BTC at the age of 20.
I think for the situation your friend is in, it has to go back to the purpose of life, the purpose of why you are saving wealth in bitcoin.

If it is planned for old age costs, yes it is better to continue to hold it, because we will enter the zone of institutions that will enter bitcoin if seen from the response to the increase in bitcoin adoption, it is likely that the benefits will be much greater, but if it is intended for education, marriage, and other things he needs using the BTC he has, it is certainly not a wrong thought either because that is his plan, but if education and other things he can fulfill without selling the BTC he has, I think it is better for him not to sell the BTC he has.

[livingfree]

Is that amount enough for him not work? Because if I have that then I'd definitely retire early but retiring doesn't mean that I won't do anything with my money.

I'll reinvest it into assets that will generate me more money. He has to be wise spending that money that he can earn now by holding 4 BTC. He's still young and he has a lot of time to explore and take risk.

But if he's all set and don't want to take that much risk, he can take care of himself and have some nice vacation first while thinking all of these stuff.

[Captain Corporate]

I think being able to retire depends on which nation you live in, and if this is true or not doesn't really matter in this case because we are talking about at least one person in the world does have 120k at age 20 which means we should help that person. I believe that if you have 4 bitcoins, which is a bit higher than 120k right now, it would be 150k or so if I am not wrong, that is just the situation you are in right now. Keep on working and keep on living, but eventually that bitcoin amount will rise, imagine having bitcoin at 200k, that would mean you would have 800k, suddenly a totally different story. This is why I believe that the best thing you could do would be just holding and not spending it right away.

[Lorence.xD]

At the range of age of 20's, there are a lot of things that you could do to settle in life especially if you don't want to work and have a passive income. You have a lot of options to use that money like building a business where you can use that time to manage them, real estate, etc. Some would say you can use that already to enjoy life, yeah sure cause you still have the money, it's easier for people to spend money than to save, so use it to reinvest in something you can earn, so the money would still run and earn profit for you to finally settled in the money you have to save, cause, to be honest, 4 Bitcoin might be huge to other countries but here in my country, I could say things is pricey here that 4 Bitcoin might only last few years. You have a lot of time on your hands, study some financial management, for sure it will last longer.

[Ahli38]

....

His decision depends on his finances. Use Bitcoin's future bull run to sell at a peak, profit, and fuel entrepreneurial ideas if his situation requires it. Cryptocurrencies are volatile, making market timing risky. If financial stability isnt a concern, long-term Bitcoin holding may be better. Why? Despite fluctuations, Bitcoin has grown significantly over time.

Yet, here's a critical point: diversification. Your advice on spreading investments is precise. Diversification is strategic and reduces risk in an unpredictable financial environment even though bitcoin is "number one". Bitcoin is powerful but subject to market fluctuations. So, whether selling high or holding long-term, balancing with other investments is crucial.

So true. But because OP indirectly seems to mention that his friend is indeed in good financial condition. Because something he said said that his friend should continue working and accumulate more. Which means that his friend is still able to accumulate more. And this makes us understand that the situation is that he is not in a state of economic distress. Which means that his finances can be said to be in fairly good condition. So holding it until Bitcoin reaches its new ATH would indeed be a good choice. And selling it partly or completely (up to you) when BTC reaches ATH could indeed be a step that he could choose. And makes him divide these profits into several instruments (Diversification).
Because after all, investment diversification must be implemented if it involves large investment capital. Because we will never know which instrument will make us get the highest profit. He is still young. But nowadays many young people have achieved financial stability and even achieved financial freedom.
Even some influencers in my country are still underage but already have billions of money and make their parents happy. So I don't know whether OP's friend is really a creative young person like content creators or whatever. but what is certain is that having almost 4 BTC at a young age is an extraordinary achievement.

[icalical]

I think it depends on your friend's current situation, if he is living a good life, he has good enough house, he has stable income that enough to enjoy his life, than there is no reason to sell the Bitcoin immediately, he can just let his 4 Bitcoin laying around and see if it can grow in value.

It would quite different if he still struggle for everyday life, he doesn't have a house, he struggle to pay his bills and to meet basic needs and couldn't enjoy his life, then selling 1 Bitcoin and start some business with the money could help him.