Bitcoin's price doesn't matter, Most of you will SELL long before it reaches some INSANE amount

Theirs a MASSIVE difference in mindset between the thousandaire's and the people playing with hundreds of thousands / millions of dollars.

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I'm 30 with a net worth approaching roughly 700k in USD, a mix of property , stocks, bitcoin, 401k etc..

The thousandaire's sell their bitcoin for a small profit, maybe their 4k USD worth of bitcoin triples and turns into 12k USD, they sell, good for them you have 12k USD in your bank account... now what...

The thousandaire's would have sold Tesla at first profit, apple at first profit , etc etc

Had they realized... the name of the game is USE cash to HOLD desirable assets and ride the wave of their price appreciation LONG TERM ie YEARS ;DECADES. Checkout how long warren buffet held coke-cola.... You don't want to hold cash.... you want to USE cash to BUY desirable things and ONLY sell if you have a better idea/way to utilize that cash into a new vehicle of wealth appreciation.

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Britsh Hodl is RIGHT, you want to keep as much BITCOIN in your portfolio as possible and hold it. Especially when its FINALLY being embraced by wall street. This potential ride could be INSANE, its not a guarantee, the SEC could reject it and it could all go to hell, its a possibility, but i'm gambling that they are going to approve it and the price appreciation will be life changing. But I would still never sell. I'm just going to borrow against the value of my portfolio. Let's say bitcoin goes to 100k, if I sell I get a massive tax bill plus I lose control of the underlying SCARCE asset that generated that very return. I would rather borrow fiat dollars at a interest rate and let the bank take on the risk but maintain control of the asset.

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RICH people borrow against their assets they don't sell them. Why would you SELL a hard asset and convert it into paper money that is depreciating at 7% a year lol when the hard asset is gaining 7% a year in value, makes no sense.

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Obviously if you have a medical emergency or what not then all this advice goes out the window, use your money to stay alive lol but for most of you its purely you don't have the balls to stay in the game and ride the wave up or down, or you think too small.

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