There is time for all things, there is a time to buy and hold which is when you have discretionary income. There is so a time to sell. But selling while still accumulating is sometimes emerges out from impatience and it completely fucks people plan up.
It makes perfect sense for people to come up with an investment plan should support holding bitcoin over a long haul. True shelter is a basic needs for every people, but to sell the bitcoin you have just to buy a house when still accumulating is not right at all, unless the person has already accumulated more than enough.
I think that when we talk about this, it's clear that everyone will have different opinions, because basically this will be based on the needs of the individual. So, for example, if someone doesn't have a house and the only way to get one is to sell their bitcoin, I don't think we can say that this is wrong. Because a house is a necessity that I think is very important, especially for those who already have a family. Because if you continue to rent a house for a long time,, it will certainly cost a lot of money and also take a toll on your mental health.
There is a difference between selling all of your bitcoin for a house and selling some portion of your bitcoin for a house, such as selling less than half of your stash...
like in my example of accumulating between 2015 and 2019/2020. Sometimes waiting an additional year or two could end up resulting in the need to sell way less bitcoin.
Because every month,, we will definitely be worried and anxious when renting a house, because if we cannot pay the rent, we will definitely be evicted and will not have a place to live. Additionally, house prices increase significantly every year. Therefore, buying a house now is clearly more advantageous than buying one in five years.
You think that buying a house rather than bitcoin over the next 5 years is a good thing, and history does not show you to be correct in that assumption, and I doubt that housing performance relative to bitcoin is going to be better in the future, even though you are surely free to choose the inferior investment over the superior one.
Therefore, in my opinion, selling Bitcoin to buy a house is still understandable, as it is clearly a necessity. And after owning a house, I believe that person will be able to focus more on accumulating Bitcoin again. Because after owning a house, they will no longer have to worry about rent. That is my conclusion
Why not defer gratification and rent a few years before buying the house.. even 5 years or more, and then when you finally decide to sell some of your bitcoin for a house, then only sell less than half of it.
Guys can do what they like, and surely many guys do not seem to understand bitcoin very well, including past performance and also considering future performance, too. So guys can do what they like and see how it plays out, and if they end up with 2 bitcoin rather than 17 bitcoin, yet they have a nice $200k house, then sure maybe they are feeling good about the choices they made and the actions that they ended up taking.
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The question we should ask is " are we actually using what we can afford to lose ( discretionary income)"? And if we can answer this question then we are good because what we are using to invest in Bitcoin, regardless of how big or small it is doesn't really matter but as long as it is what we can afford to lose that is most important and yes starting small doesn't matter and what matters also is how consistent and committed you are in making sure to grow your portfolio and getting to your overaccumulation stage.
One thing funny about investing what you can afford to lose (or you are willing to lose because you are going to not sell no matter the direction and/or extreme of the bitcoin price) is that if you are earning $30k per year ($2,500 per month) and your expenses are $1,500 per month, so you have $1k per month in discretionary income, and you decide that you are willing to throw away and take a chance on $100 per week and put it into bitcoin and let the cards fall where they might... and so after a year you had put $5,200 into bitcoin and then after 10 years you had put $52k into bitcoin, so the $100 per week adds up to a lot of money and even the amount that the bitcoin price might have changed might have caused the amount put into bitcoin to go up, even though each time (week) that you put $100 into you were saying that it is an amount that you are willing to lose.
Yet, maybe you look at the amount of your bitcoin investment and you might have to determine if it still rises to an amount that is at a level that you are willing to lose since each of the incremental amounts of $100 per week were at that level, yet with the passage of time, you might have to reassess to see if you want to take some out and if you might not be able to tolerat the possibility of losing some portion of it after it had gone up in value so much after 10 years of continually buying it.
No one can answer for you and answer whether you might end upselling too much too soon, or if there might be a way to transition from accumulating bitcoin and then to maintaining your bitcoin and then later to sustainably withdrawing from it, so then when you are sustainably withdrawing from it, you may well end up getting all of the value (and even more of the value as compared with what you had put in, even though if you end up withdrawing at a sustainable rate, then your bitcoin value (in terms of dollars) is likely going up faster than you are withdrawing from it.
You are not guaranteed to reach such status as being able to start to sustainably withdraw at an acceptable rate, even though if you had not invested in bitcoin, it is quite likely that you would have had never gotten to such a place of being able to haver had created a sustainable income that is acceptable - even though at the time of each of the $100 per week investments, each piece of the investment had been from money that you had determined that you could afford to lose.
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Purchasing your primary residence is critical.
It is not critical to own your primary in terms of when you do it or how you do it and it is not necessary critical to owna home if you end up fucking up your bitcoin investment in order to accomplish your investment into an inferior investment (meaning property as compared with bitcoin).
Of course, you can believe what you want, including believing in inferior investments as if they were superior, when they have not been and likely will not be into the future.
That way, you won't have to worry about rent for the rest of your life, and if you lose your job, your worries will be alleviated.
Sometimes deferred gratification is better.
Let's say right now you are 40 years old with a family and maybe 2 kids.
Right now, would you like to have 13 bitcoin and a $300k house
or
would you rather have 2.5 bitcoin and a $200k house?
The first option was purchasing the house in 2025
and the second option was purchasing the house in 2019 or 2020 and then buying bitcoin afterwards.
Yes, there is a 5 or 6 year difference in the time of the purchase of the house, but in which one of the situations would you rather be right now?
Buying a home in Turkey is quite significant. The population is large, and not everyone has a home. Rents are extremely exorbitant. Salaries are really low. That is why most individuals want to own a home. I'm glad I was able to achieve this. I've never regretted cashing out my coins. Now, no matter how much I save, the majority of it goes toward purchasing Bitcoin. It's not an easy endeavor; life here is quite expensive, but we can still save some money, which is how I strive to expand my coin holdings.
Maybe you can give some dates and some other particulars in order to attempt to be realistic in the comparison? You don't have to give away your specifics in order to describe examples in order to try to argue your proposition that owning a home is better than owning bitcoin when it is possible that you could own both.
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Arguing buying a home with your bitcoin profits is a form of trading (and/or reallocation) since you were likely disrupting your bitcoin accumulation process.. and surely, you likely can recognize that even if you had started focusing on aggressively accumulating bitcoin more than a year after your forum registration date, you could have had gotten close to whatever your overaccumulation amount is, especially if you were able to invest in the ballpark of 15% or more of your annual income into bitcoin. Surely your choice to pull some of your profits out of bitcoin to buy a house had a considerably great impact to your bitcoin accumulation and buying a house may have also created a lot of additional financial obligations to diminish how aggressively you would be able to accumulate bitcoin.
I have difficulties imagining situations where guys have house payments and servicing obligations and also would be able to dedicate more than 10% of their income to buying bitcoin.. so focusing on other investments surely ends up with high likelihoods of diluted abilities to invest in bitcoin.
I think it may not just be so but rather it must have given him this feeling of fulfillment. Imagine something you started with a little amount, gradually accumulating regardless of the rent and other life payments you make and then finally the same investment decision you take is finally here to help. Not just a random help but here to help you get your own home. I think that alone must have been a big sense of fulfillment and also giving him more motivation to accumulate even more aggressively because he has seen and tasted the benefits of Bitcoin.
Yes. You are ignoring the facts and just presuming that owning a $200k house and 2.5 BTC 6 years earlier is better than owning a $300k house and 13 BTC 6 years later. Guys can choose how they like, and they might end up making choices to invest in inferior products and end up a low coiner or a no coiner.
very correct, and this why it is good to always buy bitcoin with our discretionary income after ensuring that we have meet up with our basic financial needs or obligations so that we wont be buying and selling just to settle our basic needs. investment done without a discretionary income will surely not be able to stand the test of time because we will be tapping from the investment to sort out our basic financial needs from time to time and by so doing the investment will collapse. also while buying with our discretionary income its advisable to keep some funds from there to be building our emergency funds to shield our investment against some emergency situations needing cash to clear.
What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin
You cannot invest in bitcoin if you don't have discretionary income. You have to figure out how to get discretionary income, and your discretionary income has to be large enough that you can put it into bitcoin for 4-10 years or longer and perhaps never get it back. If you don't have money like that then you cannot invest in bitcoin, since if you use non-discretionary income to buy bitcoin then you are trading and/or gambling, not investing. Many of us recommend not to trade or gamble with bitcoin.. only invest in it, if you are able to do it with discretionary funds that you don't need for 4-10 years or longer or maybe never getting it back.
Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.
If you can figure out ways to generate discretionary funds, then sure you can invest into bitcoin.. yet it sounds to me that you are using funds that you need in then next 4-10 years so you are probably do not have enough discretionary funds to be investing in bitcoin and you might not know the difference between investing and trading.. which you seem to be trading (gambling) with bitcoin rather than investing in it. I don't recommend that, even though you are free to do whatever you want, even dumb things.
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What is the use of investing money if it is not useful when people need it? Long-term investment does not mean that you only have to accumulate and cannot sell it when you need it. Investment for life, not life for investment
Yes. You sound like you are smarter than everyone else when it comes to bitcoin.
You are free to do whatever you like, even dumb things.
Yes, you could tell yourself that you are investing into bitcoin for 4-10 years or longer, but you could change your mind and then cash out early and/or discontinue buying it as you had previously planned to do. You are free to change your mind and do whatever you like, including buying that Lambo that you would like to buy.
There are a lot of poor people who got into bitcoin, yet by choice, they sold too much of their BTC too soon and/or they discontinued buying bitcoin regularly because they prematurely concluded that they had enough or that the prices were too high.
- this philosophy should be followed by everyone. Therefore, long-term investment according to plan benefits people and only that investment should be made that is safe and beneficial to the investor. Investment should not be such that long-term investment means that one cannot enjoy it when needed in one's life.
Of course people end up getting tempted by the profits too, so they are weak willed and change their minds and they have fun staying poor.
You are free to have fun staying poor by selling too much of your bitcoin too soone and telling everyone how smart you were because you made 3x on your bitcoin, and then you end up a low coiner or a no coiner, and whatever bitcoin you had, you got 3x the amount of dollars that you had put into it. Good job.
Rather, investment should be prolonged according to such a plan so that it can be used during one's lifetime and all kinds of problems can be solved with that invested money during times of danger. In short, it should be a beneficial investment for life.
There are smart ways to invest and there are dumb ways. You can plan to build your bitcoin investment for 10 years or longer and then to live off your bitcoin, but then abandon your plan after investing for 3 years and cahsing out your 3x profits. You are free to do whatever you like.. and a lot of people have done the same in bitcoin..
They sell too much too soon, and they also fail/refuse to stay focused on ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin. They get too anxious to cash out of whatever profits that they have, and those examples are littered with bitter bitcoiners who either sold too much too soon or failed/refused to keep stacking during periods that they still could have had stacked bitcoin.
