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It doesn't have to be all or nothing. The proper strategy would be to sell a percentage at $10. In fact, if you started in 2011 with 1000 BTC and every year yo
by coryfklein 9y ago
It doesn't have to be all or nothing. The proper strategy would be to sell a percentage at $10.
In fact, if you started in 2011 with 1000 BTC and every year you sold 50% then today you'd have (by my rough calculations):
8 BTC (worth about $50k)
$160k USD
Of course it's not the millions you'd have if you just held each time, but for many that is a life changing amount of money and you would have obtained it in a responsible manner that doesn't just rely on the value of Bitcoin shooting to the moon.