Question to hodlers:How will you spend the money?

[tajimas]

Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question

P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them

-Regards

[Jawhead999]

Bitcoin is actually the end game of my investment, I won't convert it to real estate, land or business.

Renting real estate or land? I can earn more just by investing in Bitcoin.
Business? I don't have time to manage it.

Not to mention I would face unnecessary dramas e.g. they claimed to own my land, I could be scammed, the lessee don't want to pay the rent, cost to maintenance the real estate etc.

I only sell my coins to accumulate more coins.

[SquirrelJulietGarden]

The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income

You can take profit all your bitcoin or part of your bitcoin and continue to hold the rest.

It makes sense to take profit and get money to use, nothing wrong but if you take profit or sell all your bitcoin to invest in some other things like real estate, I don't support it.

It's not good idea for your portfolio because real estates can be built up more but there will be no more than 21 million bitcoins.

ROI chart of Bitcoin and other assets show Bitcoin has best ROI.
https://casebitcoin.com/charts#roi_chart

Withdrawal strategy https://bitcoindata.science/withdrawal-strategy

[uneng]

It's a good idea to use your Bitcoin holdings' profit to diversify your investments even more among another niches of the market. You have mentioned some very good examples, like real estate, commercial businesses, purchasing pieces of land and renting it for passive income. There are many areas you can invest and make new sources of income from. You just have to be careful to invest in the kinds of areas which are more profitable inside the local reality you live, that is, areas which have high demand from the public around you.

For an example: you won't invest in commercial businesses where local residents don't have financial power to consume your services or products, however this concept of business is a very good idea where the population has better financial conditions to spend more often in a daily basis.

Therefore, someone's idea of investment might not be the most accurate one for you, because your realities can be immensely different between each other. For that reason, you are the one who has to develop the best ideas on how to spend your money for further gains.

[Smartprofit]

In my opinion, there is no point in selling your Bitcoins until Bitcoin finally becomes the world's reserve currency and an integral part of central banks' gold and foreign exchange reserves.  Moreover, when this event occurs, there will be no need to sell Bitcoin for fiat money.  Its cost will be so high that the hodlers will not sell it, but will only pawn it.  Bitcoin is the most valuable asset a person can own.  Real estate may seem like a very attractive investment, but in reality it has large associated costs and can easily be confiscated or destroyed as a result of military action.  Fiat money is currently undergoing a period of transformation.  There is a transition from traditional paper money to CBDC (new programmable digital concentration camp money).  Which is better: CBDC or Bitcoin?  The answer is obvious!

[kotajikikox]

It can be real estate,any business,buying land and renting it out or something else

To be honest I do not have accumulated a lot just yet or at least not enough for any of my plans to happen just yet.

There are two specific things I have in my mind: real estate and business. I want to build a house it has always been a dream of mine and if I earn enough profit it will surely be one of the first things I would be doing. With business, I actually just mean that I want to be able to make more of what I earned. I can not be satisfied with the money that I have I know I should think of more ways to double my profit.

[thecodebear]

I retired in 2019 off my Bitcoin. So how will I spend it...I'll spend it throughout my life on whatever I want. I'm just now, as of last month, gonna start using a tiny bit monthly (at least whenever my bank account is low) to pay for stuff for the rest of my life. And of course I have some of my bitcoin set aside for specific purposes like houses and a few other things. I may or may not use a bit at some point to get into stocks, specifically dividend focused stocks to add a third income source in retirement, though if I do that I'll wait a decade or so until Bitcoin is at least above half a million dollars.

But Bitcoin is humanity's hard money, so there doesn't have to be a time when you sell the bitcoin to put into something else. Certainly people can, especially if they don't have already have any investments that generate income. Any smart life-long financial plan should include both Bitcoin and various investments that generate income. But the endgame isn't to sell bitcoin to put into other stuff, the endgame is to keep saving in humanity's best money, while also having other sources of money, specifically income generators since that is the one thing Bitcoin doesn't give you.

[Crypto Library]

Good question. Basically we always plan how we will earn profit from our invested funds, I can guarantee that there are most of us who will get confused to answer what to do with the profit earned from the invested funds.  Because most of us don't plan what to do with the profits.
And to be honest with me it's pretty much the same, I've been confused about it all this time but I'm thinking that since I'm currently thinking of holding bitcoins until around two halvings following the DCA method.  Later, the thought of reinvesting may come to my mind. However, I don't have any thoughts of doing business or anything else with that profit. I don't know what will happen in the future.

[Onyeeze]

It can be real estate,any business,buying land and renting it out or something else

To be honest I do not have accumulated a lot just yet or at least not enough for any of my plans to happen just yet.

There are two specific things I have in my mind: real estate and business. I want to build a house it has always been a dream of mine and if I earn enough profit it will surely be one of the first things I would be doing. With business, I actually just mean that I want to be able to make more of what I earned. I can not be satisfied with the money that I have I know I should think of more ways to double my profit.

Why you want to do a business you should do no they cannot business that you want to venture into because sometimes business of real estate management does not favour everybody, because I know very well many people who is into salt business have not prosper very well so if you are doing real estate management you have to be watchful and also understand the business what I know very well that can give you people money is when you invest in cryptocurrency so I know very well that cryptocurrency is something that is more money

[bitzizzix]

If I had to sell all my Bitcoins just to create a business that generates passive income, I wouldn't do it. Because for me as long as Bitcoin continues to provide good returns for me, I will continue to keep it and also continue to buy it as long as I have the ability to continue buying Bitcoin. Because I think Bitcoin will continue to give me good profits in the long term which makes me have to think long and have to really plan very carefully if I want to create a business, because creating a profitable business takes a long time.
If I use my Bitcoin to create a new business, I have to sell my Bitcoin and have to wait a long time for my capital to return and even then it hasn't made a profit. And that time has squandered any profit I could have made from Bitcoin if I still had Bitcoin, and that profit would have been pure profit and probably a very large amount. So I have to really think about this so that I don't regret it and I also don't need passive income other than my salary from work. Because the income from my job is enough to meet all my needs and also to invest in Bitcoin periodically according to my ability after all my important needs are met, and I prioritize Bitcoin for my future or old age and also believe that in the future Bitcoin will be very expensive .

[darkangel11]

Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income

Why do you think so?
First of all, you don't have to sell to get something else. You can exchange bitcoin directly. I don't have to go to an exchange to get fiat money to then buy a house. I can strike a deal with someone to get his house and transfer my bitcoin to his wallet in exchange for that. There won't be any selling of bitcoin, but a simple transaction.

Why do you assume that I have to sell my bitcoin to create passive income?

Why do you assume that I want passive income in the first place? My bitcoin offers me enough of that.

If I had to sell all my Bitcoins just to create a business that generates passive income, I wouldn't do it.

That's exactly how I feel.

[Egii Nna]

Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question

P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them

-Regards

 
Although you said that you are also a holder, I will like to ask you a question: as a holder, do you think it is a good strategy to sell all your bitcoin that you have been patiently holding for a long period of time to invest in a business that you are not 100% sure will succeed?

Take a deep look at it without working, Just being patient By holding bitcoin for a long time, you will make a profit. Didn't that look so easy to do? I know another source of income is good, but what is the essence of selling all your investments? Why not sell 1/4 or half of it to start up the business? If you keep getting higher profits, you will add more to your bitcoin investment, or do you think if you sell all your bitcoin investment, you will have interest in investing again? You might think it will be easy, but if the amount of bitcoin goes up, then you will feel discouraged because it will be like you have started your bitcoin investment from the beginning.
 
So if you truly want a good strategy, you should plan to start up a small business that will not consume more than 1/4 or half of all your investment, and even if the business fails, you will still have a backup.

[tajimas]

Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else
Very few people will sell bitcoins just to spend this money in a few months,at least i don't know such people
Everyone here is a smart person and everyone here has thought about where to spend this money
That's my question

P.s. I'm a holder myself,i'm thinking about strategies and i'm interested in the opinion of other hodlers to put these ideas in my head and think about them

-Regards

 
Although you said that you are also a holder, I will like to ask you a question: as a holder, do you think it is a good strategy to sell all your bitcoin that you have been patiently holding for a long period of time to invest in a business that you are not 100% sure will succeed?

Take a deep look at it without working, Just being patient By holding bitcoin for a long time, you will make a profit. Didn't that look so easy to do? I know another source of income is good, but what is the essence of selling all your investments? Why not sell 1/4 or half of it to start up the business? If you keep getting higher profits, you will add more to your bitcoin investment, or do you think if you sell all your bitcoin investment, you will have interest in investing again? You might think it will be easy, but if the amount of bitcoin goes up, then you will feel discouraged because it will be like you have started your bitcoin investment from the beginning.
 
So if you truly want a good strategy, you should plan to start up a small business that will not consume more than 1/4 or half of all your investment, and even if the business fails, you will still have a backup.

I didn't say you had to sell everything
I just said that in the future such a moment is likely to come for everyone
I'm an advocate of income diversification,you can't put all your eggs in one basket
People may have different opinions and i'm interested in hearing them all
Some will agree with me,some will not,that's why i created this topic

[Dunamisx]

The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income

Everyone has his own reason for holding and they can decide on when and how much they should continue holding or sell out, but i don't think there will be a long time holder till now that will want to sell all he has been holding till now, they will rather release part of it or also make an investment in other asset along the bitcoin investment, some of them do have the target that they are investing for the future and may not sell out at anytime soon since they believe in the value of the coin and future prospect it has.

[HideYourKeys]

I really want to refer here to the morpheus meme, "someday Neo, you won't have to sell". It is reasonable to spend some, imho, but many people will keep a significant % of their stack

[alastantiger]

I am a holder however it is not as long as you think. That makes me qualified to respond too. I have big dreams for what I'll do when I take profits but it is nothing too concrete. Plans can change so that is what I have in mind. Also something may occur that will require me to take it out sooner than planned.

The sketchy thought I have in my head is to build a library in my society. The library will have almost a whole floor dedicated to Bitcoin, its history, its creator and its people.

[nakamura12]

If you really need money to spend for important things then I would sell some of it instead of selling all of it before spending the money to the things I really need. Well, if you have extra money then there's no need sell some of your crypto for fiat. As many people said that you shouldn't make crypto as your main source of income but as a secondary income or a sideline. Well, when the time comes that I have to sell bitcoin then I would divide it into portions like 20% to personal wants, 25% needs, 30% for emergency and the rest is for savings.

[hatshepsut93]

Real estate and stocks. Unlikely Bitcoin, they have a very clear utility so they are always in demand and generate predictable cash flow. But in general I want a diversified and balanced portfolio that yields predictable and low risk income. When you have a lot of money, you don't need to chase high returns, you need to focus on consistency.

[Issa56]

Hello,friends
The question is addressed to hodlers who have been hodling bitcoin for years
Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income

Why do I have to sell my bitcoin to invest in something else? I don’t have any problem with my bitcoin investment and am currently making a good profit, which I know if I keep on holding, my profit will keep on increasing. Why do I have to sell and be looking for something else to invest in? I don’t know if other people are planning to sell their bitcoin just to invest in something else, but I don’t have any plans to sell my bitcoin because of other investments.

Everyone here is a smart person and everyone here has thought about where to spend this money

You can’t tell anyone what they will do with their money, some people will sell their bitcoin and spend the money,  it’s their money, and they can choose to do anything they want with it, that doesn’t mean they are not smart.

[Obari]

Well, if this question was asked directly, then I will simply say, after holding and finally selling, the next thing to do  if possible is to life your life as simple as that, but unfortunately, most holders haven’t even thought about selling atleast not this very moment when they’re seriously seeking ways and money to continue buying.

All the other investment options you mentioned are relevant but I don’t think, a core bitcoin investor would want to  sell his coin simply to go invest in some  other things not even this bull run.