We are at peak BTC price.

[Dave1]

Not sure if that is as dumb move, to ask someone here for financial advise.

But for starters, if you have a lot of money then sell it for the love of God and then enjoy the rest of your natural life. But seriously, you have made it that far, and I think it's about time that you should take the profits.

Regardless of your siblings, don't be influence by them. Spend it all on hookers!!!

[Free Market Capitalist]

Should I sell, spend it all on hookers, or some combination of the two?

If you are holding for long term, you are not a newbie to ask this kind of question. You should know that it is possible that bitcoin will get to $1 million in the next 10 to 15 years. 

This makes me think he's a troll. Normally, if you've been in this for so long, you know that the trend is going to continue rising indefinitely, with ups and downs, of course. But if you want to sell, the most logical thing to do is not to sell everything, but to keep at least 10%. That 10% could be worth the same in fiat in 10 years as it is today. And I say a minimum. It could be 20% or 50%. That way, you can enjoy profits while staying invested. But saying that he has them on Coinbase, assuming that's true, doesn't seem very savvy in these matters.

[Bitcoin_people]

If you have really invested so much money in Bitcoin, then of course you are in a lot of profit now. If you need a lot of money, then you can sell some amount from here, and if not, then of course I would say you should hold it. Because we have not yet entered the highest price of Bitcoin because it will enter a higher position in the future. We have seen that when Bitcoin started, its price was very low but it has increased a lot at present and the popularity of Bitcoin is increasing day by day.
Moreover, you can search in different places and see that Bitcoin is currently being invested in many countries of the world and companies are creating their reserves. Basically, this is to help them financially, so if you own so many Bitcoins, I would say you should never sell it, but rather hold it, something good will come to you in the future.

[Pandu Geddon]

Should I sell, spend it all on hookers, or some combination of the two?

Because you have been holding Bitcoin that you bought years ago, you are certainly not new to this market. You can consider for yourself the decision to sell all or some of the Bitcoin you have held for years. Its value certainly provides a great profit for you, but the decision is entirely yours. If you no longer have the passion to reach higher prices, sell as you wish. You certainly have more knowledge than most beginners.

[Marykeller]

Should I sell, spend it all on hookers, or some combination of the two?

There's no validation set, on what to do with your invested Bitcoin. Go ahead to sell it for whatever reason. Nobody is questioning that because when you invested in Bitcoin, you didn't seek permission for that, you didn't use someone else's money; it is your money that you used.

Giving us a reason now, for what you feel like doing with your Bitcoin when sold, doesn't make sense, we can't dictate to you on what you have thought to use your Bitcoin money to do

[As-Soon-As]

Hi All.
Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC. If you don't believe me, that's fine, I don't care. I’m not providing my BTC address due to the recent Coinbase hack which would reveal my identity.
I am now, for the first time ever, thinking about selling all of my BTC.

Why?
Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.
Should I sell, spend it all on hookers, or some combination of the two?

If you definitely have Bitcoin holdings, then you can sell other holdings except Bitcoin. Because here you mentioned Ethereum coin, but you can keep Bitcoin and sell some others. Because there is a high possibility that Bitcoin price will reach one million dollars after one bull season to two bull seasons of Bitcoin.
Because you can see that governments of all countries and various companies and individuals have become more aggressive with Bitcoin holdings. So I can say that almost every person is showing interest in Bitcoin holdings, so you should not make a mistake by selling Bitcoin investment.

[JeffBrad12]

You know what? He is not wrong.

The last 3 cycle tops that we had. They had one thing in common. I had friends and family buy crypto who never knew what it was. Then usually a month later, it topped. Each of the 3 cycles I noticed this. Maybe it was a coincidence.

But you need to understand that it’s not only the crypto markets that are stretched. So is the stock market. Look at Nvidia today at earnings. It beat estimates but stock dumped anyways after 5% because it hits of a bubble.

People buying BTC suddenly despite the fact that they were never exposed to crypto in the first place can be a signal of the bullish top.
But we've got such thing going since the first day of ETF, literally people who never buy BTC is buying BTC through ETF so I think that kind of reason become invalid these days.
In fact, current rally largely motivated by ETF inflow.

[CryptoHeadlineNews]

Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC. If you don't believe me, that's fine, I don't care. I’m not providing my BTC address due to the recent Coinbase hack which would reveal my identity.

With respect to the current rate of Bitcoin been valued at $108,000 per BTC at the time of writing this post, then I'm pretty sure that the amount of Bitcoin whose current value gave you $1.8million must have  over 16.66 BTC  (i.e 1,800,000/108,000 = 16.66 BTC)[/b]. Which also implies you own a whooping 16 Bitcoins at the moment, which is actually crazy, judging by the fact that the amount you both it 12years ago wasn't even up to $50,  and now 12yrs later, you are now a millionaire. Hence, in regards to if should you sell it or not, then to be frankly speaking, i  will be wondering what you will be waiting for to not sell even if it's just 1.6 BTC while you keep holding the rest 5 BTC.

[STT]

Double peak was true on the last big peak, good amount of warning no need to jump the gun guessing and shoot yourself in the foot.

Swapping an appreciating asset to hold a depreciating asset is a classic way to waste your cash, very popular to do but to be avoided ideally though we must all own some cash unfortunately.

BTC price action is in decline, a 3 day attempt to break this has failed leading to a larger move down today.   We are likely required to meet at 105k support again and test that area vs sellers.   Only on these tests can we especially judge the BTC strength, overall there isnt a good reason to find a proven absolute limit to prices and I dont think thats proven.

[Wakate]

You know what? He is not wrong.

The last 3 cycle tops that we had. They had one thing in common. I had friends and family buy crypto who never knew what it was. Then usually a month later, it topped. Each of the 3 cycles I noticed this. Maybe it was a coincidence.

But you need to understand that it’s not only the crypto markets that are stretched. So is the stock market. Look at Nvidia today at earnings. It beat estimates but stock dumped anyways after 5% because it hits of a bubble.

People buying BTC suddenly despite the fact that they were never exposed to crypto in the first place can be a signal of the bullish top.
But we've got such thing going since the first day of ETF, literally people who never buy BTC is buying BTC through ETF so I think that kind of reason become invalid these days.
In fact, current rally largely motivated by ETF inflow.

The market can be very manipulative and sometimes too using previous market reactions work for those that understand how price moves. If op was trying to relate to what happens in the previous years when people were buying Bitcoin without knowing that it was a Bitcoin bill trap that lured many investors to buy Bitcoin and after sometime they realized that the price of Bitcoin has started falling.
The market structure can change anytime without our awareness which is why we need to be smart and vigilant so we don't miss the most important information.

[Lanatsa]

You know what? He is not wrong.

The last 3 cycle tops that we had. They had one thing in common. I had friends and family buy crypto who never knew what it was. Then usually a month later, it topped. Each of the 3 cycles I noticed this. Maybe it was a coincidence.

But you need to understand that it’s not only the crypto markets that are stretched. So is the stock market. Look at Nvidia today at earnings. It beat estimates but stock dumped anyways after 5% because it hits of a bubble.

People buying BTC suddenly despite the fact that they were never exposed to crypto in the first place can be a signal of the bullish top.
But we've got such thing going since the first day of ETF, literally people who never buy BTC is buying BTC through ETF so I think that kind of reason become invalid these days.
In fact, current rally largely motivated by ETF inflow.

The market can be very manipulative and sometimes too using previous market reactions work for those that understand how price moves. If op was trying to relate to what happens in the previous years when people were buying Bitcoin without knowing that it was a Bitcoin bill trap that lured many investors to buy Bitcoin and after sometime they realized that the price of Bitcoin has started falling.
The market structure can change anytime without our awareness which is why we need to be smart and vigilant so we don't miss the most important information.

The market can be very tricky and misleading and often catches people off guard people get influenced by hype trends or past performance without really understanding the forces at play and many have been trapped buying Bitcoin or other assets when the price is surging only to see it crash shortly after historical price movements give some hints but they are never reliable signals and relying solely on them is dangerous being smart and vigilant is crucial constantly observing market structure liquidity flows exchange activity and news events helps reduce the risk of being blindsided knowing how different market participants react in various situations allows for better decisions patience and disciplined risk management are key because acting on impulse or emotion is what leads to major losses. Sudden moves happen anytime and being flexible enough to adapt quickly is essential the market is influenced by whales institutional money and retail sentiment all of which can change rapidly understanding these dynamics helps make more informed decisions and prepares one to act strategically.

 Studying patterns support and resistance levels and how price reacts to certain triggers gives an edge but even that is not foolproof a good trader always expects the unexpected and plans accordingly learning from past mistakes and constantly analyzing both successes and failures builds experience and awareness which reduces risk over time, the key is combining observation research and emotional control while never assuming the market will behave the same way it did before staying alert to sudden changes rumors policy news or large volume movements allows for timely adjustments and smarter choices over time this kind of awareness and preparation can separate those who survive the market from those who get trapped in losses making careful strategic moves while understanding that uncertainty is constant can improve results and protect capital in the long run.

[Ndabagi01]

Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.

Should I sell, spend it all on hookers, or some combination of the two?

After holding bitcoin for more than 12 years now, it is surprising you’re asking such a newbie question whether to sell your investment now and you’re thinking that bitcoin has reached its peak. If you’re able to hold through for the first time when bitcoin reached its peak, you should know that speculation were that Bitcoin might have reached its peak and won’t grow again. But today, the massive price increase we’ve experienced is unmatchable, so why do you ask this question now again. Just do what you think is best of your Bitcoin investment. But one thing is certain, as long as Bitcoin is not dead, it will continue to increase in price.

[Obim34]

If what you saying is the truth, then you will have been in a very good profit already, so if you want to sell, then it’s your choice, but if you are disturbed because of what your siblings are saying, then I will say your story is fake.

It's a full blown lie, a false alarm, crooked story and not really worth any advise.

OP didn't mention about recovering his wallet that means he watched his investment grow and through out those period of holding and waiting, nothing pops to his brain on what to do with the profits.

Even a billionaire investor won't seek help from a forum on how to spend $1.8M BTC. In my observation, OP don't own any Bitcoin.

[_BlackStar]

Should I sell, spend it all on hookers, or some combination of the two?

Why would someone like you who claims to own a significant amount of bitcoin need advice from the community? I rarely have ever seen wealthy people seek financial advice from ordinary people who are not their equals - instead, they only seek advice from people of similar wealth or from experts. If you have one - then I am absolutely sure that you never had the free time just to write this one. I'm not accusing you of lying and making up fake stories - but this one seems made up and I don't believe it.

[sunsilk]

It's your food for thought OP. If you want to sell, do it for your sake and not because you've been receiving screenshot of people's holdings.

You're free to do whatever you want and you're having a better life based on how much you're holding.

Don't need for someone's suggestion who came late than you so, you know how it goes and what you have to do. But I guess that this is a question that you don't need any answers because you'll spend it on either. 

[Stalker22]

It's a full blown lie, a false alarm, crooked story and not really worth any advise.
~

Yeah! Just plain attention seeking.  There is zero chance this is real.

Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC.
~

Lies!  Ten years ago you were a beggar and a liar.  You still are.

I need $ man. lol. plz

[Zigabel]

Although OP added a disclaimer of him not caring about what we think, I still doubt the authenticity of this story, it's sounding so much like something that was fabricated but then lest just play by the story and going by the assumption it was actually true, I would want to understand why after this long period of patience with your holdings and then the arrival of the dumb money, the best you could think of spending this money is with some hookes and whatever but again I'm only thinking out loud, it still falls back at your personal and best interest why you have chosen that.

Anyways if I were in your position, be rest assured I'm expanding my investment portfolio across other assets beyond the crypto and digital space alone, and I can be sure in the next 10-15 yrs from this date, I will be making some good figures in dollars much more than I had invested years earlier and I will have enough of that freedom to get just that anything I want at possibly any time.

[Kagaru]

You know what? He is not wrong.

The last 3 cycle tops that we had. They had one thing in common. I had friends and family buy crypto who never knew what it was. Then usually a month later, it topped. Each of the 3 cycles I noticed this. Maybe it was a coincidence.

But you need to understand that it’s not only the crypto markets that are stretched. So is the stock market. Look at Nvidia today at earnings. It beat estimates but stock dumped anyways after 5% because it hits of a bubble.

Historically, retail interest tends to spike around cycle tops as merchants tend to buy at the top of the hype, which can be an indicator that the market is showing signs of being very overvalued. Crypto isn't the only game in town either; as you mention, stocks like Nvidia exhibit similar behaviours when expectations are already baked into the stock price, and being able to identify these signals can help reduce risk and prevent buying at the absolute top. It's a good reminder that markets don't move in a vacuum and sentiment will push you around short-term extremes.

[JaanusRaim]

Hi All.

Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC. If you don't believe me, that's fine, I don't care. I’m not providing my BTC address due to the recent Coinbase hack which would reveal my identity.

I am now, for the first time ever, thinking about selling all of my BTC.

Why?

Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.

Should I sell, spend it all on hookers, or some combination of the two?

I fully agree with you.
If everyone understands that you are doing, then the right time is over. If everyone talks about an asset, then sell it.

[JaanusRaim]

Approximately 12 years ago I joined this forum and purchased what is now worth $1.8M BTC. If you don't believe me, that's fine, I don't care. I’m not providing my BTC address due to the recent Coinbase hack which would reveal my identity.

With respect to the current rate of Bitcoin been valued at $108,000 per BTC at the time of writing this post, then I'm pretty sure that the amount of Bitcoin whose current value gave you $1.8million must have  over 16.66 BTC  (i.e 1,800,000/108,000 = 16.66 BTC)[/b]. Which also implies you own a whooping 16 Bitcoins at the moment, which is actually crazy, judging by the fact that the amount you both it 12years ago wasn't even up to $50,  and now 12yrs later, you are now a millionaire. Hence, in regards to if should you sell it or not, then to be frankly speaking, i  will be wondering what you will be waiting for to not sell even if it's just 1.6 BTC while you keep holding the rest 5 BTC.

12 years ago the price was approximately 100usd/BTC, therefore the investment sum was around 1500 usd.