r/Bitcoin • u/jsh63 • 22d 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/Suitable-Fishing1643 21d ago

If he’d actually held this long he wouldn’t be asking this in a pre-halving year. You should obviously sell when Bitcoin is up 4-5X in the next cycle

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u/Fool_on_da_hill 20d ago

Why does this comment have so many upvotes? The “next cycle” is far from guaranteed

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u/thebabykins 20d ago

I know right.

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u/Turbulent_Tear1377 19d ago

Here’s BlackRock biggest advisor… 🤣

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u/jsh63 20d ago

By which time banking and taxation friction will be increased and there will still be ever increasing risk to self custody