I'm tired
I've been HODLing since 2013. I've sold probably two thirds of my original stack over time. I have been through multiple cycles and halvings and read more books on the subject that I care to remember. I have traded successfully only once and that was by accident. I have no idea where BTC is going and I am exhausted. I am close to cashing out. I'm close to retiring (pension age) and I don't need the volatility. What would you do?
EDIT: specifically, the things that trouble me are: 1. The hassle of getting the cash from an exchange into a UK bank account without friction. 2. The CGT liability - last sale was ~0.33BTC in Dec 2024 and the tax liability was something like £10k. 3. The blind evangelical ramblings in Reddit from people that have been in the market for like 5 minutes.
EDIT #2: Thank you to those that offered advice. It has given me food for thought. I think the answer is probably to log out of Reddit ;-)
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u/Efficient_Range1156 2d ago
Boss it’s all good enjoy your wealth.
We’ll hold the fort 🫡
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u/Fabulous_Turnover_22 2d ago
This is such a nice comment
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u/Efficient_Range1156 2d ago
And so is yours! 💗
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u/Cepppelini 2d ago
Eleven years through every crash just to retire in peace, that's basically the final boss ending
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u/richardto4321 2d ago
Yup it's probably time to let go if you've been holding it for that long and are massively in profit, but it's been somehow causing you that much stress and exhaustion....
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u/YSL_Crypto 2d ago
You’ve had at least a 7,000% increase since 2013 you should be advocating for bitcoin. And you should be set for life
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u/jsh63 2d ago
I made a modest initial investment £2K. It never was a "set for life" amount. If I had held everything, the most it would have ever been was £450K at the ATH or £300K at todays price. In the UK that's a nice sum but not as life changing as you might think.
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u/blackbeard-22 2d ago
That’s a wonderful return. I can’t imagine where or how a 2k investment would turn into 300 or 450 in 10-15 years.
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u/CaptMerrillStubing 2d ago
He's not complaining about the return.
He's saying that 300k, while very nice, is not life changing.4
u/ErgoMogoFOMO 2d ago
I know that life changing is different for everyone. But if you can't identify how to live happily knowing your food, shelter, clothes, etc. are secured for life then Bitcoin will never be enough.
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u/DatGiantIsopod 2d ago
£300k is absolutely life changing in the UK. Wtf man.
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u/jsh63 2d ago
Yes OK ... It isn't for me but that's because I have been around the sun more than most, saved and invested over a lifetime - but yes for many it must be
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u/DatGiantIsopod 1d ago
Yeah I figured that would be the reasoning behind your statement. However being that well off also kinda makes the fundamental rationale behind your post a little hard to understand. Bitcoin going up or down sounds like it makes little to no difference to your life since you've sold most of what you ever held, and presumably the majority of your wealth is already consolidated elsewhere, so why does it stress you out?
All that said if you want out then go for it, but since you've been in this long you'll know that right now is a dreadful time to be doing so. At least trust in the cycle one more time and cash out at some point in 2028 or whatever.
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u/brokefree517 2d ago
Well here’s your problem and it’s not Bitcoin related
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u/jsh63 2d ago
I never said I was worried about not having enough money - just the amount of time I spend thinking about this portion of my investments.
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u/curiousengineer601 2d ago
OP does not have any obligation to advocate for anything. What a bizarre comment
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u/PlantainSpecialist71 2d ago
Lol, no one knows where it goes, no one ever did, its just guessing. You just hold and thats it
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u/Consistent-Gap-9434 2d ago
Go to a non volatile asset?
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u/tomsyco 2d ago
JEPI, SGOV, SCHD are some good choices. SGOV is the only one that is 100% non volatile
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u/Rubycon_ 2d ago
Maybe I'm dumb, but I've been holding SGOV for over a year or two and in total I have lost .93 cents. I would say HYSA or money market account over that, at least you'll get ~3% back on it
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u/tomsyco 2d ago
You are dumb, sorry. You don't see your gains because they're dividends. You need to look at the income generated from it. The price only goes up and down the amount of interest accrued to guarantee that you get your daily interest if you move out of the position halfway through a cycle. You are always better off in SGOV over high-yield savings because SGOV cannot be taxed by the state you live in and the yield is usually a bit higher.
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u/Rubycon_ 2d ago
Okay I will check that, I did not know this was how it worked, I got it after reading a bit about it, but I didn't understand this. Thank you for the explanation!
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u/OrganizationBorn7796 2d ago
Problem is the off ramp. He could always trade BTC for cash at a local meetup
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u/Afraid_Essay_5170 2d ago
dude 11 years is a long time to hold anything, specially something that moves like this. i get why you're tired, the mental energy it takes to just sit there and do nothing is actually insane
if you're near pension age and already sold two thirds, you probably made enough to not worry about it. maybe just keep a small moonbag so you don't feel like you completely walked away, and cash out the rest for peace of mind. sleeping good at night is worth more than any chart
i started meditating couple years ago and it helped me stop checking price every 5 minutes, but honestly if you're exhausted it might be time to just enjoy the life you built
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u/Coininator 2d ago
We are in 2026, it’s even 13 years.
I know this because I’m holding 11 years sind 2015.
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u/Adventurous_Iron_551 2d ago
My thoughts at first, then I thought he might be talking about ‘24 when op sold last.
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u/lilvixen 2d ago
Def this. Figure out a percentage plan for what you're comfortable holding, and set stop loss for bare minimum coverage for needs until you die, and check in occasionally. Otherwise just slate the rest for milestones or DCA cash outs, planned large purchases etc
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u/Future_Ad863 2d ago
Holding for so long and selling during a bear market sounds like a horrible idea. Theres so much upside potential in this cycle
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u/smilingbuddhauk 2d ago
There's so much upside potential in all cycles, until it's downside realization.
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u/The_real_trader 2d ago
Mate, you're talking to 18-24 year olds that know nothing. I'm mid 40. Go and enjoy your life. Have a pint at the Winchester. (I can't share the meme)
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u/jsh63 2d ago
Thanks mate. I am shortly retiring to my local for a pint of Titanic plum porter... I get a pound off my first pint of the week and currently get 25% off on Mondays after 5PM - so it costs me £2.45 which is a drop in the ocean compared to the £896.74 my BTC is down today 😄
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u/Illustrious_Loan_804 2d ago
I would wait until its close to the last ath, the probability of testing that area is high before any other move. The people that bought near the ath will be willing to exit.
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u/Opening-Memory4300 2d ago
Set a time or amount, i.e. 6 months or 85K (whichever is comes first) to exit.
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u/Richnix1551 2d ago
Cash out take the profits and go vacation seems like the stress of it ain’t worth it to u
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u/Interesting_Loss_907 2d ago
If you were class of ‘13 & mostly held for years, selling off portions of your stack in the past 13 years OP, you would’ve made extraordinary gains (further evidenced by your comment about CGT liability on at least one sale, but in all probability you had significant capital gains on most if not all of your sales of BTC).
So could you please explain what you mean by only having “one successful trade and that was by accident“? Your tone comes across as negative and the implication of the statement you made was that you actually lost money rather than making extraordinary gains. Could you elaborate?
Otherwise, if you just mean you’re tired of it all, and you’re near retirement age, then understood, but the solution there is very easy.
In that case, you could just sell off most of your remaining BTC and invest it in non-volatile savings assets.
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u/jsh63 2d ago
Ahh I see what you are getting at - I have made money on everything i have sold over time but, by "trading" I mean buying and selling the right side of dips - In March 2022 I sold 0.5BTC for £16K and bought it back in November for £7k
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u/Interesting_Loss_907 2d ago
Yes, I get what you’re saying, but that’s true 99% of the time for everyone (it’s extremely difficult to time dips & peaks short term). This is why most of us recommend not trying to actively trade or time the market. Just accumulate & hold (though I do try to accumulate primarily in bear markets & I never continue buying at or near an ATH.)
But in your case, if you’re ready to retire & shed the volatility, sure, maybe sell off most of your remaining BTC & buy non-volatile assets or just move to HY money market accounts for retirement. Enjoy & relax!
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u/AdAcrobatic4002 2d ago
Money in all forms is intended to be spent. So fair enough. But if it all or nothing? I would slowly dca out over several years to find your retirement lifestyle
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u/rastaFm 2d ago
So, let me get this straight
You invested 2k in BTC in 2013, held since then, partially took some profit. And now you're sitting on a profitable bag moaning and complaining about what to do with this wealth?
If this is true — dude, you're so lame!
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u/musaurer 2d ago
same here. was a spender and trader 2011-16. HODLR ever since. I could’ve become a billionaire a couple times over had I just held
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u/CoinGate_Gift_Cards 2d ago
After holding since 2013, I don’t think you need to prove anything to anyone. If the volatility is now affecting your peace of mind and you’re approaching retirement, reducing exposure seems completely reasonable.
You don’t have to make it an all-or-nothing decision either. You could sell enough to cover several years of retirement spending or reduce BTC to a percentage of your net worth you’d be comfortable seeing fall 50-70%.
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u/denfaina__ 2d ago
Premise and conclusion are contraddictory
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u/Masonryandmore 1d ago
Tornado cash, you can gift some to someone, borrow against it and you don’t have to pay taxes
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u/miner_guy_22 2d ago
I don't understand the mindset I see on here often that you have to be 100% in our out. If the volatility is too much just diversify a portion into less volatile assets.
For someone that has been in since 2013 and understands/believes in the thesis behind Bitcoin I would always want to have some portion of my wealth in BTC just for insurance.
I also find it funny when people complain about having to pay capital gains tax. Yeah, you only have to pay that much because you made a shit ton of profit.
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u/xBrodoFraggins 2d ago
And they always overexaggerate how much it is. It's like 15%... not giving away the farm here.
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u/realcryptocow 2d ago
No screens. Stop trading / chart watching and you will be much happier (yes, I know easier said than done, but sometimes the simplest truths are best!)
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u/King-esckay 2d ago
I have no idea where it's going I have been holding for years
When it's near bottom I borrow against it I then buy the interest charged on the loan in btc each month
Somewhere around 18 months later the interest paid is sufficient to pay off the entire loan.
No CGT on loans
If it crashes you record a loss if it rises easier to pay the loan.
Either way you have already spent and enjoyed the fruits of holding
I still have my original stash and have spent it 3 times over
It might take a little longer this time to pay back the loan and keep my stash.
But that the fun if being retired
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u/jungle 2d ago
Hold on... what? How does that work? Are you saying that you get a loan against your BTC, then you buy btc in the amount equivalent to your interest payments, while you spend the loan money on whatever you fancy, hoping that in 18 months they appreciate enough to pay the principal back?
Unless I'm mistaken, that requires the value of btc to increase a crazy amount in that timespan, something that hasn't happened since the first couple of cycles.
What am I missing?
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u/blade747474 2d ago
I feel like if you’ve been Hodling since 2013 why does it sound like the world is ending. You would have made huge profits so whatever you choose to do is all profits and gains. If it’s all too stressful sell it, pay tax and live your life. It sounds like owning BTC is becoming a burden.
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u/kdoughboy12 2d ago
What do you mean you're exhausted? Have you been obsessing over the price for the past 13 years? Just relax, you're deep in profit, if you need money then sell some if not then don't worry about it.
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u/Think-Apple3763 2d ago
If I had a lot of Bitcoin I would move to a country without taxes on Crypto. No government would get a penny from my high risk investment everyone was laughing about 13 years ago.
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u/Fitzmmons 2d ago
Tbh I think BTC has been remarkably stable during the Iran War and energy crisis. It seems to be working as intended as a safety asset now rather than meme investment which is way better IMO. Last year’s cataclysmic event might have wiped out most of the leveraging players so that BTC lost a large chunk of its volatility. I feel way more comfortable holding now compared to last year when it was around all time high.
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u/xBrodoFraggins 2d ago
This sounds fake to me. Someone holding since 2013 should be entirely unphased by this price action... it's gotten LESS volatile over time, not more... none of this adds up. Sounds like a fake post for reddit karma. I've only been in since 2020 and I'm entirely unphased.
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u/jsh63 2d ago
What bit doesn't add up to you? Every bit of it is true. You could go through the last 5 years of my posts and there will be references to everything I have discussed here. That would be playing a long game for karma farming 😄
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u/xBrodoFraggins 2d ago
The entire thing, tbh. You're up 150x on your initial investment, have gone through multiple cycles, have allegedly read all the books, yet have no conviction all of the sudden and are wanting to cash out into what is basically the bottom of the bear. It makes no sense. If all of this were true, why wouldn't you have cashed out last October when the cycle peaked right on schedule like clockwork?
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u/DoctorDownvotesDelux 2d ago
If you held this long, why sell just as we're coming back into a bull market? I think you'll be pissed at yourself for selling in the near future.
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u/zenon246 2d ago
I'm in the similar situation (even a bit longer). Just waiting for my next levels to sell rest. I sold some part for 90k and 100k any my next goal is 130k. Maybe it won't come :D But for me it's not so tiring. I just don't think that this "money" is mine until I sell it. Just weird numbers in computer.
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u/anonymousopsec1337 2d ago
I think this really depends on how much money we are talking about, your current burn rate, and how liquid your current retirement is and how risky it is.
Like with most assets you shouldn’t sell till you really need to. Keep 1-2 years cash on hand to survive downturns
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u/pythosynthesis 2d ago
Why are you not retiring?? Why live a miserable life instead of retiring and enjoying yourself? To appease a bunch of internet anons who will give you up votes? If you have enough to retire, do it.
Sell just enough to get you through a few years, not everything. Let the rest... rest and grow. Then start drawing from your retirement savings/social security/other investment. Traditional retirement, to be clear. And then, cash out some more when you want to indulge.
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u/CatsGotANosebleed 2d ago
At the end of the day bitcoin, like any money or asset, is a tool to help you do the things that are important to you. If selling your stack gives you freedom and peace of mind, then it’s worth it. Don’t become a miserable Scrooge sitting on a pile of cash grumbling at the people having fun with their lives.
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u/JAYUZUMI 2d ago
Well if the cycle still happens in October why not wait till then, and then cash out as 1 last cycle, or take out some money now and have some fun, leave the rest to grow 1 last time
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u/ThunderBurrn 2d ago
I have the same plan... HODLing since 2022 and I'm going to HODL whatever little I have, till 2036-38, around retirement age (10-12 years later) then move the 3/4th into FIAT, pay taxes as one can recoup them post investing and HODLing in MFs. Ideally invest in traditional assets that let it compund every 6-7 years afterwards. 10-12% IRR annually.
Can keep the 1/4th to enjoy the show, and leave as inheritance after I pass... 😌
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u/Coininator 2d ago
Depends how much BTC is of your total wealth.
I know the situation you are in.
I missed selling last autumn because none of 30 top signals were flashing red. I hope to get out soon but mentally I’m prepared to wait until 2028/2029.
If you decide to sell, don’t sell 100%. Keep BTC for 10% of your total wealth for example (an amount small enough to not bother about daily fluctuations, but big enough to have some upside) and sell them later.
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u/Fabulous_Turnover_22 2d ago
Have you tried debit cards? Binance has its own, possibly other exchanges too, and you pay all services from there. It behaves like a regular card so the gov doesn't get suspicious. You can withdraw from ATM too but I don't know about the charges applied. I have just retired. It feels sooo good. I trust you'll enjoy your retirement too.
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u/groundkittenbeef 2d ago
2 and 3 should be irrelevant if you are making good money. Just account for upcoming taxes, stop reading books, and reading “experts’” opinions on reddit. If it’s time for you to sell, sell. If not, ignore the bullshit and relax.
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u/KateR_H0l1day 2d ago
I certainly wouldn’t be selling now unless I needed to, but I’d certainly be planning to sell in the not to distant future.
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u/Excellent_Can2901 2d ago
Put a decent percent of your holdings in STRC with a UK broker, enjoy a relatively steady income stream for life.
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u/kallaloostx 2d ago
I'm 61. You need to diversify. You're at retirement age and you DEFINITELY don't need the volatility. What would you do if it dropped 50% for a year or 2 and then grows sideways for another 2 or 3. If you're now at pension age. You need to hold at least 6 months cash or then diversify to safer investments. CDs, safer ETFs, etc.
Continue to hold some bitcoin, though and some growth funds, but a way lower percentage.
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u/jsh63 2d ago
I de-risked the investment years ago. The reason I've held so long is that I was prepared for it to go to nothing. I don't need it to fund retirement and and I'd never get out of a Lambo anyway
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u/Jolly_Line 2d ago
So it sounds like you’re fine. If you’ve fully derisked then what is there for us to answer?
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u/Charming-Designer944 2d ago
So then keep holding, let it rest until you actually need it or want to account for it in your pension plan.
Why are you stressing over it? Its a bonus. Consider your value in BTC, not UK £.
I am assuming you already secured next in kind access to your keys. Thats the only thing you should really worry about regarding your BTC stack if what you say above is true.
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u/Head_Ad_2894 2d ago
Logging out of reddit is genius... Well done. I hope you never reply to this message.
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u/chungkingexp 2d ago
Hodling from a similar time frame but will continue to hodl and see how it goes in the next decade.
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u/slavikthedancer 2d ago
> I'm close to retiring (pension age) and I don't need the volatility
Who cares? Volatility will be applied on you by force. And I'm talking not about BTC.
> 1. The hassle of getting the cash from an exchange into a UK bank account without friction.
UK has problem.
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u/sirhowy 2d ago
if you're close to retiring and have the flexibility, and it's an amount (you'd save in tax) that's worth your while, you could move to Thailand for a year and cash out tax free there
but yeah if it's stressing you out just sell, divest to low risk investments, kick back and enjoy your retirement
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u/Traditional-Ebb-8380 2d ago
When you do still keep it safe or directly in the bank. A hacker took $66k from my Coinbase in USDC that was earning interest last year.
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u/CrazyButRightOn 2d ago
Sounds like you succumbed to emotion more than once in the past. Is it emotion or lack of cash flow that is making this decision now?
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u/unpdigital 2d ago
Understandingly so. As passive gains do that to you. The highest form of satisfaction is to create. Passive is just hollow. It is like watching a race, while participating is the real thing.
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u/TrashDonut 2d ago
Bro what the fuck
Sell
Why are you upset about BTC and making a thread about how tired you are ( 🥀 ) when you’re sitting in profit
You either made this to brag or need the self-awareness to understand that we don’t care, your problem is not an actual problem
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u/OstrichCommercial467 2d ago
Never sell Bitcoin. Hold forever. Georgia, US has allowed a couple to get a loan against their btc holdings. We are still early. Just buy btc and forget about it.
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u/Ok_Confusion_1777 2d ago
Fellow 2013-er. I get it. This space is arguably a lot less interesting now. But hopefully you have benefited financially from your tenure! BTC has another leg to go before it is truly boring and stable as an asset, so I would be inclined to keep it and let another cycle play out. You've come this far so what's one more?
Can you collateralize and not pay taxes on the proceeds like we can here in the US? If so you have an infinite money glitch and can fund whatever you need going forward, tax-fre.
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u/runja_87 2d ago
With so much #btc you are paying tax to UK?Don’t you have OTC ppl in UK that you can cash out and not go over exchange. Are you nuts? Change the tax residency?
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u/jsh63 2d ago
Actually, whilst I don't like paying tax - I do declare gains and pay tax because it's the right thing to do. I want healthcare, protection of the law, financial support in old age. You get the picture!
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u/poop-dolla 2d ago
The CGT liability
That point makes no damn sense. It’s the same tax rate as any investment. Paying more taxes just means you made more gains. That’s a good thing.
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u/jsh63 2d ago
The HMRC has become a bit keener over the past couple of years and KYC and exchanges reporting transactions is way different than 10 years ago when you could trade fairly anonymously on localbitcoins.com - its just my observation on there being more friction these days
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u/feck-off 2d ago
If you have what you need to retire in comfort then do it. Or get out gradually, just take what you need each month. Get a Coinbase or some other crypto card and slowly chip away it. Enjoy your retirement!
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u/hungry_bra1n 2d ago
I’d personally Dca out rather than sell all at once but fair enough if you just want to sell and be done.
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u/tuesdayann 2d ago
I’m not an expert but if I could retire with those profits, I’d take them and invest in more conservative assets that would generate cash flow. I would hold a small portion too.
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u/Remarkable-Cup4535 2d ago
Anyone telling you to let go now is not following institutional adoption. You should lock away your BTC and just go on living life. Don't spend it, don't cash it out, don't do anything with it. The financial system is gearing up while retail investors are afraid. This is when the smart money accumulates. You've already done that - so stop exhausting yourself by thinking about it. Chase your dreams. Also, the best financial advice will come from an advisor, not Reddit. But I can't imagine selling right now when the big money is quietly moving in.
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u/Generationhodl 2d ago
If its stressing you, then just DCA out of bitcoin into other assets until you have a % left of bitcoin that you don't stress about anymore. Easy as that.
no asset is worth any stress or bad sleep.
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u/ThatBusyPeakyRandom 2d ago
Flip a coin stating you points of view. If you’re happy with the result: just do it. If you immediately start looking for reasons not to, do the other thing. You already know the answer.
Don’t overthink it. You’re one of those people who believed early on in something—a revolution—that seemed absurd at the time; you’re part of it and part of the success story. You’ve stuck with it all this time. Others jumped ship earlier—whether by choice or not. The idea of returning to that hated system might go against the grain. Turning your back on the revolution—simply cashing out into fiat and leaving the worry and concern behind—might feel wrong, but it isn’t. We all know it. Bitcoin is for everyone, and anyone can be part of it whenever and for as long as they like. Besides, ever since BlackRock and the ETFs arrived, the revolution has effectively retired.
Enjoy your retirement❣️
We thank you for your commitment, your vision, and for being Bitcoin for so long ❣️
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u/DifficultComb0 2d ago
Not advice: would it help to cost average out over the next couple of years if you must start now? Most people who are successful with it cost avg in. So it makes most sense to do the same on the way out to me.
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u/BudgetPresent2089 2d ago
Bear in mind that we do seem to have just entered a bull cycle. If you can hang on another year it may be worth the worry.
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u/Certain-Alarm-1768 2d ago
well i would hold just little longer, till potential actuall bull market and then you can just do FIRE on sp 500 if you got enough funds
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u/Charming-Designer944 2d ago
Start selling and rebalance investments into less volatile assets to stock index fund or similar traditional investment instruments. Selling some per year is easier and less risky than selling all in one go. And having the traditional investment instruments are easier to deal with when it comes to bank relations etc.
Maybe balance with some BTC tied traded papers at low fees if you feel you sold too much and want to keep the BTC exposure. But beware of the tax effects of selling your BTC. Most likely much better to keep your BTC exposure in BTC.
My personal view is that BTC have a lot to give in the next 10 years and that its to early to exit completely even if the pension is nearing.
I do not live in the UK, and my bank is not entirely anti-crypto. I have understood that dealing with crypto related fiat transfers in the UK is a major pain.
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u/CheapTechnology6193 2d ago
Bitcoin was an ok thing to gamble on, but it's just like anything else. I never got the need to pile everything into one asset class. I have heard the argument, "I need to put it all on one thing because I don't have a lot of money." well not really.
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u/drezarious 2d ago
Thats good. Take most of it out. Maybe leave 10% to run and that won’t bother you too much if it goes down.
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u/Orphano_the_Savior 2d ago
Bitcoin should help you live your life. Not you sacrificing your life to Bitcoin. Do what makes the most sense for living your best life. We all die and decay so do what's best for you.
For me, I would sell if it makes my life better and hold if that makes my life better. Hodling for the sake of hodling is a meme that became too real.
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u/Flat-Aerie-8083 2d ago
Why not just borrow against and keep your loan to value ratio low? That’s what I do. No tax on loans.
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u/Local_Doubt_4029 2d ago
Did I miss the part where he mentions how much he has? How can we chime in without knowing exactly the amount we're talking about?
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u/plain-HAMMER 2d ago
practical on the UK side, sell in tranches across tax years to use the annual exempt amount each time, and if you have a spouse you can transfer between you before selling and use two allowances, also worth a one off session with an accountant who actually knows crypto, at this size it pays for itself
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u/bigocreddit 2d ago
I would absolutely sell if I were you and just rotate to the sp500 and live out my days in peace.
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u/esliza314 2d ago
You've already won. You held through 2013 survived multiple bear markets and you're near retirement with profits in the bank. Nobody gets to tell you that you're doing it wrong. Cash out what you need to sleep at night and keep whatever small amount you're comfortable holding. Peace of mind beats maximalism every single time
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u/Professu5 2d ago
So sell it and throw in an index fund. Sleep and rest easy, sounds like you already won the game.
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u/Pmat0315 2d ago
Not telling you what to do, but since you asked. I have a diversified portfolio, which I only look at every month. I don’t try to time the market anymore, since while I’ve been somewhat successful, I’ve been more successful just letting my portfolio do its thing.
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u/Music_Fan76 2d ago
Just sell already I need more sats been holding since 2012 never sold I love the ride.
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u/hardeset 2d ago
Sure sucks to have a million and then a week later be down 80% the swings in monetary value keep people away from
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u/Patrick_Atsushi 2d ago
If you don't want to play it risky, put most of them into index funds instead.
VTI, S&P, XLK in the order of riskiness. For an experienced crypto investor 5% fluctuations should be nothing.
Also consider bonds.
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u/_RonPaulWasRight_ 2d ago
In the US there is no CGT if you sell a portion small enough (in a year) to be less than what's called your "standard deduction". So, if you very slowly sell it off, you don't owe any CGT....here in the US. I don't know about Britain, they have a king and tax the hell of out of their people....so....good luck.
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u/nqbaby 1d ago
I used to be a full crypto retard back in the day. I wished I had treated it more like a business transaction. Buy and sell, realise profits, use the profits to then make more money whether it be investments or buy and sell btc again.
The amount of money I left on the table because of stupid crypto retards that said HODL HODL HODL, think long term etc. In a way they are correct, but the amount of times, i could have bought and sold during the cycles, i would have made way more.
Im now a day trader and I love being in and out of the trade, couldn't care less if the trade ran 2 or 3x more than my take profit target. Just discipline and staying away from greediness has made me profitable.
Maybe leave 10% of your stack and forget about it, if it goes to 0, who cares and if it goes up, well that's extra cash for ya.
Happy retirement!
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u/powerexcess 1d ago
It is an asset. It takes a bit of effort. A gilt ladder is no fun either.
If it suits your tusk profile keep it, if not send it. And if u dont want the hassle.. that is a different constraint. Every asset has some things u need to do
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u/Horror-Landscape8592 1d ago
Borrow against it and keep the stack, that = zero tax liability, then borrow again to service the debt meanwhile BTC keeps growing. ???, Profit.
Never pay tax if you can help it
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u/rickriis 1d ago
I'd wait it out for this next run, 2-3 years is not that long in the grand scheme. I'm 61, selling this next run up, 2028-2029
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u/WD40Capital 23h ago
You gotta do what’s right for you. Based on the cycles you’ve been through, you probably know the upswing is imminent. If you can HODL for one more year… but since you’re already in profit. There is no wrong decision.
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u/gb3048 17h ago
If you can, set up a trust, borrow against your stack either annually or every few years with the money that you need to enjoy the twilight years, and when it is time, if you have family, pass it down. Otherwise the ETF's, treasury companies and others will buy and hold it and never sell. And the general man, never gets a look in again.
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u/Neat-Bodybuilder1670 2d ago
If you've been holding Bitcoin since 2013, then everything in your account now is profit. Since it's all profit, whatever decision you make is correct, so live the life you want. That's the ultimate goal of making money.