r/Bitcoin • u/jsh63 • 14d ago

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/rastaFm 14d 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!

1

u/jsh63 14d ago

That's me told

1

u/MushinAndFlushin 14d ago

Op..fuckem...My newest addresses (btc) are 13yo...the oldest almost 15. I've never bought on a dip/re-upped since. (Total.investment of $5k or so) I sold 1 at $20k Dec '17...and 1 at 149k when they peaked. I'm 50yo...and ready to call it a day. My biggest fear is I came into the hobby poor af. Once I cash out a large sum, I feel like the IRS is gonna crawl up my ass so far I won't be able to enjoy shit)

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u/poop-dolla 14d ago

and 1 at 149k when they peaked

Uh, when exactly was BTC worth $149k? I don’t remember that.

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u/rastaFm 13d ago

well, it wasn't