Reddit Posts
I made a free game: retire on Bitcoin with $500k in any month since 2013, then live through the real price history. Does your stack survive?
Your Bitcoin Is Supposed to Buy You Freedom. So Why Are You Afraid to Spend It?
Poor Canadian Retiree - I would like your thoughts.
How has your Bitcoin investment strategy changed over the years? #DISCUSSION
Why You’ll Get Bitcoin At The Price You Deserve (American HODL)
I've been rebuilding Bitcoin's cycles as something you can trade through — help me decide what goes in it
Fury is the correct response to what they've done to the money (Bitcoin art)
BTC Macro Analysis (1M): Why the current correction is just a healthy retest before the programmatic run to $190K 🚀
🇬🇧 $5,400 in Bitcoin turned into $5 million after 12 years
Chat_178 - Our Burden To Carry with American HODL, Erik Cason, and Brandon Quittem
HODL - Started on the BTC-E squawk box in 2013
How do you manage taxes with DCA, or other transactions? Seems like a PITA
Bitcoin Adoption - The Story of AI Centers, the Trojan Horse
Just a reminder, when bitcoin pumps, this is the best song ever created. HODL on 🚀
Lets remember where the dollar is heading... US Federal Debt 2050 !!!
$NOCLEAR: We don't need no stinking badges
Michael Saylor says MicroStrategy (Strategy) must be able to Sell Bitcoin
Do you treat Bitcoin as an investment or as a currency?
Made a free tool that reads your actual Uniswap V3 wallet to calculate real IL + fees (no manual inputs, no wallet connect)
Launching a BTC position-management system - looking for feedback from long-term holders
I built a free browser game where you HODL through every Bitcoin crash in history — one mistake and you lose everything
I built a free browser game where you HODL through every Bitcoin crash in history — one mistake and you lose everything
The patronizing attitude of most bitcoin maxis regarding "roll your dice bro" is so annoying post the coldcard fiasco.
I’ve never had this many connections before with my node!
How do you stop yourself from selling during drawdowns?
How are you people ok with the fees and expect the world to adopt this ??
Trading bitcoin always ends badly. DCA & HODL is the name of the game.
Do you believe BTC will be used as a viable medium of exchange or will it be forever be doomed to a speculative asset?
The Trojan Horse? Why Michael Saylor's MicroStrategy Protocol is Splitting the Bitcoin Community
How do you deal with the regret of not selling at the top last year?
My BTC is not even nearly close to an alarming number.
The $1.3 Billion Rounding Error: What SpaceX's Historic IPO Means for the Future of Corporate Bitcoin. How the largest public listing in history is quietly transforming cryptocurrency from a speculative business model into a definitive, mega-cap treasury asset.
HODL started as a drunk typo in 2013. Here's the full story
Why is Polkadot dying a slow death? [Survey]
What’s the Best Long-Term Strategy for Investing in Bitcoin: Pure DCA, HODL, or Taking Partial Profits?
If you could go back to 2016 but could only buy 1 BTC, would you have held it until today?
The difference between june 2025 and now is crazy
The continued drop has ETF written all over it.
Did anyone see the HODL guy is back after 13 years?
How trash is my Crypto portfolio?
HODL $RETIREMINT Memecoin on Moonshot
US Strategic Bitcoin Reserve Bill Reintroduced In Congress As ARMA With 20-Year HODL Requirement
Which cryptocurrency are you holding for the rest of 2026?
HODL DANCE — BSC Memecoin Launchpad Now Live with Auto-LP & Rewards
HODL .DANCE is LIVE on BNB Chain
HODL has paid 20,603 BNB to holders since May 2021
Is long-term holding (HODL) still the best strategy for Bitcoin?
How do you HODL: Cold Storage / Hot Wallet / Exchange/ ETF
If you could delete one piece of crypto advice that beginners keep hearing, what would it be?
Mentions
Best part is he can't check the price every five minutes. Perfect HODL conditions.
1) Are we forgetting the breach involving Trezor’s shipping provider in August? 2) If we have no business owners, isn’t that a big problem? 3) If our life goal should be to HODL BTC, how does ANYTHING get done? Where does the electricity to run the PC come from?
my advice it just to buy major altcoins and btc and HODL
Aren't people using BTC globally offline with pagers or old phones? Bitcoins zero counterparty risk. Quantum well it effects normal banks too so. I believe in BTC more then $ HODL
It is a limited supply opportunity. There is no reason, other than the current leveraging strategy, that can possibly make this go to zero. LOL. No offense intended to all of the Reddit geniuses. Most were around seven years old in 2009. HODL
People always try to make sense of the price. It's impossible. All your models will be destroyed. Just HODL works.
Run a node. Don't let fiat price swings enter your emotional state. No FOMO no panic. Live below your means. Focus on your craft. DCA, HODL, watch the hash rate securing the network and the blocks tick tock on your node, not the fiat chart. Remember, honey badger dgaf about price.
What did he say? #BUY MORE AND HODL?
The only realistic bear case is government overreach going full 1984 on on-ramps and self-custody. It would crush short-term fiat price and cause massive volatility. But honestly, that just proves why we need it in the first place. You cant ban the math or shut down the network itself. Worst case, it goes underground for a bit, but the fundamental need for hard money will always win out. HODL strong.
Hell yea, in about 10,000 more years, BTC will also have a 29.1T market cap. All we have to do is wait. HODL!!!
Exactly zero influence. I'm a simple man, I buy bitcoin and HODL it in my own air-gapped cold wallet.
Oh man, haven't got the memo yet? HODL and pump it. Simplicity itself!
Usually the harder decision is the right one. Enjoy your freedom! HODL
Just HODL. You just picked the wrong possible period of time to start doing it, but still, you will get big money in the future. Just trust in BTC. It will only get more valuable with time.
That's just another shitcoin, mate. Zoom out to 10 years and compare it to BTC. It's constantly losing value in sats. I wouldn't HODL it long time.
Pizza for the low price of 10,000 BC 🤣 I still wonder about that guy. Anyone knows if he continued to HODL?
I fully agree. I don’t understand the gambling. Just DCA and HODL. Wins every-time.
Never even spend it , just HODL indefinitely
Patience doesn’t pay off after just two years. HODL even stronger.
Agreed. Limits plus DCA and HODL is a solid stress free accumulation strategy.
You are supposed to trade it for goods and services. Stop the HODL!
Bought in October 2017. 6k per coin. 30 months later I was back at square one. HODL
You need one full cycle at least. HODL and chill. Give it another 2 years.
Can I prod for a second? Do you view buying bitcoin as “destroying your cash to acquire bitcoin”, do you believe fiat is worthless? And do you believe it is embarrassing to buy bitcoin with said Fiat? Is it sketchy and untrustworthy and a stain on your career to buy BTC with fiat? To me, kinda is. It means you are paying the electric bill of the miner. And now you must HODL. But really, to be honest, buying BTC always seemed like a losing game, when there is a new block every 10 minutes. You’re just not doing the full work, you’re buying BTC that someone else did the work to create. BTC has always been cheap AF until recently. Sorry, I just have a weird perspective on buying bitcoin, and trading it at all for FIAT, or vice versa. Everyone should own some bitcoin , right? So in a way you’re taking a handout by buying BTC, and the person selling it has no true understanding of the value of said BTC. Embarrassing deal overall. But I still sure do wish I bought some BTC back in 2012, instead of being a stuck up pri- I mean person, in the way that this comment illustrates about me.
“Deep” was that a deliberate phrasing for “dip”, kind of like HODL was a misspelling of HOLD and became a life of its own? We should adopt “deep” to mean a crypto “dip”, I like it ❤️
In the early days Litecoin just marketed itself as a faster and cheaper Bitcoin, "digital silver". Also as a test net. They should have shifted narrative to a store of value to protect against currency debasement since it's a fixed supply coin. Low fees and fast confirmation is not enough to add value. And Charlie Lee telling his followers to HODL while dumping his bags on them didn't help.
Well we’re a lot of people that have been f\*\*\*t over the years in crypto. I’m down around 8k in 2 coins because I was new and naive. But at the same time I’ve learned the lesson and now I’m somehow glad I did because I would probably be losing more money if I didn’t get burned. Now I just HODL one coin and bide my time for a few years.
LTC is one of the most widely adopted and USED coins out of all. Kids in here thing of everything as it its full purpose is to HODL and invest. But Litecoin is one of the few that really holds up to what Bitcoin was created for in the first place
DCA, HODL. That is it. No leveraging, just HODL. Now you know.
Stop asking questions. just HODL or not.
I still HODL because the fundamentals are exactly the same as one year ago at 115k or two years ago at 58k. Yes, the price keeps changing but **the most decentralized network in the world** gets stronger every year, no matter the exchange rate.
I check the charts every day, multiple times a day. I'm from class of 2020, and my HODL plan is 20 years+.
Nobody knows exactly when the next bull market will arrive, but the whales 🐳 aren’t accumulating Bitcoin for nothing! I’m thinking long-term, not chasing short-term predictions. HODL, keep stacking sats, run your own node + verify and enjoy the journey! 🧡💎🙌
HODL! 💎🙌 Ignore the noise, keep stacking sats, and think long-term. Bitcoin rewards patience, not panic. Run your own node and stay sovereign! 🧡🚀
Absolutely! 🧡 HODL I believe in Bitcoin long-term and its 4-year halving cycles. The next halving is roughly 1.5 years away, followed by another in 2032. I’m thinking decades, not months. Keep stacking sats, run your own node, and enjoy the journey! 🚀🧡
You do understand what Bitcoin bis part of. Anyone planning a sell date for a limited opportunity? They are either an investment company that doesn't own the coin, but is housing it for a group or a government that intended to use Satoshis as the cornerstone for the next evolution in currency. Even then the plan is not to "sell" it, but to use it for the next step. Not that wantibg a better car, or house or hooker or cocaine. Just that you don't understand the nature of Bitcoin. HODL
The beautiful thing about adoption? If the idea is innovative and has utility? Nothing can or will stop it. Bitcoin will endure. Fiat is the gateway. SATOSHIS RISE! HODL
Use long-term moving averages. My advisor was able to purchase 55% more Bitcoin in Sept 2026 than Dec 2025 sold. You do not need to be perfect to beat HODL, just use a long moving average.
if there's one coin that proved you need to HODL, it's Quant
>Do you actually see yourself holding it for the next 5–10 years Already doing that. HODL is the easiest strategy. >do you have a price in mind where you'd sell everything? There's no reason why to do that at all. Even if it goes to $1 gazillion, it just proves it's much better money than the dollar. Why would I "sell everything?" To have the dollars that keep melting down?
Everybody thinking that HODL stands for Hold on for dear life is wrong, this is the original HODL post: [https://bitcointalk.org/index.php?topic=375643.0](https://bitcointalk.org/index.php?topic=375643.0) Back in 2013 this guy's girlfriend went to a Lesbian bar, and he got drunk AF. Hodling Bitcoin. I hope he is hodling the majority of his Bitcoin to this date !
this is the most recent lesson I've learned. I jumped on the HODL bandwagon years ago and never got off, i've seen great growth because of it but recently realized if i would actually sell during the ATH's and jump back in after the inevitable crash I'd make a ton more. problem is I don't know where the top is, so think I'm going to start planning out a "Step off the ladder" approach where once it hits an ATH i pull a little out here and there locking in some profits while waiting for the rollercoaster ride to drop so i can jump back on
This is the only comment that matters …they literally make the money, can’t stop people from embraceing it, and want to give away what would rather have ? HODL …”this is a test of the emergency broadcast system”
Yeah I get what you’re saying. The whole BTC system is just becoming another asset controlled by big banks. 90% of trading and price manipulation is by futures trading which is institutional investing. If you really want to know what’s going on with the price look at spot buying/selling. That tells the real story. I just learned a couple years ago this is the way it is. ETFs pumped billions in the system but now they also control the pricing greatly. Certain people follow these things closely so I listen to them daily to get a better picture where the market is going. I 100% believe long term in buying BTC. I encourage my younger family to DCA. I trade daily on futures exchanges but id never encourage that without spending a lot of time getting educated. Im about a year in on a two year education journey myself before I will start trading significant amounts. Still very much learning but it’s been eye opening. Absolutely lost some money early on but I fully expected to. I planned it out and treated this investing as a business. I keep it totally separate from my usual spot buying of crypto. I’m a BTC HODL guy also. Just no reason you can’t participate in all of it. Takes the right mentality and great discipline to trade daily but overall it really isn’t rocket science. Much more about proper risk management. So many great resources these days online. Great people to follow that made all the mistakes and help you not repeat them. Lots of money to be made on up or down days. Doesn’t matter but you have to dedicate yourself to getting educated on reading charts and knowing when to get in and out. All very learnable. I enjoy it a lot and allows a great deal of freedom now and I only see it getting better. Looking forward to the start of the bull market in the next year or two.
OP implies that they have more coins which they HODL; they'll be fine. That hurts only if those were all the coins.
Safest way to HODL? You don't even need a wallet. You just need a seed and a recipient address. Once done HODLing, you only need a wallet to spend.
If you couldn’t interpret my humor, this is what I ment. Regardless of price, just stack says and HODL long term (20-30 years). Thank yourself then…
This is exactly why people should not do. Look at the charts. Just HODL
The difference between Charlie Lee and all the other founders is he told everyone to HODL while dumping on them.
honestly, paying off your mortgage sounds like a pretty good reason to break the HODL rule 😂 there’s gotta be something satisfying about knowing the house is officially yours
In jurisdictions where BTC attracts CGT, and every withdrawal is treated as a 'disposal' event, it makes little sense to transact with it, so most just HODL or trade. Transacting in BTConly works in places where there's no-KYC, and/or no CGT tracking (or you're willing to skirt around those two).
Haven’t spent a single sat. Been buying and stacking since 2017. It’s a bit silly at this point, but what can I say, I love watching a number on the screen go up. HODL
Congratulation$!!! Keep stacking, and like the experts here (I am NOT one of them), HODL
**Bitcoin was supposed to buy you freedom.** So why are you afraid to spend it? **“Why spend Bitcoin if you expect its value to rise?”** Turn that around: **Why hold dollars if you expect their purchasing power to fall?** Because you have a life to manage. Needs. Responsibilities. Choices. The same applies to Bitcoin. Paying for your child’s care. Funding an education. Keeping your family housed during a difficult month. That is savings doing its job. **Good money encourages you to think twice before spending. It doesn’t require you to say “no” forever.** Somewhere along the way, “HODL” became a rule that made people feel guilty for using the freedom they spent years building. **An incentive to save is not a command to never spend.** What would make spending your Bitcoin worth it?
Post is by: sylsau and the url/text [ ](https://goo.gl/GP6ppk)is: https://inbitcoinwetrust.substack.com/p/your-bitcoin-is-supposed-to-buy-you **Bitcoin was supposed to buy you freedom.** So why are you afraid to spend it? **“Why spend Bitcoin if you expect its value to rise?”** Turn that around: **Why hold dollars if you expect their purchasing power to fall?** Because you have a life to manage. Needs. Responsibilities. Choices. The same applies to Bitcoin. Paying for your child’s care. Funding an education. Keeping your family housed during a difficult month. That is savings doing its job. **Good money encourages you to think twice before spending. It doesn’t require you to say “no” forever.** Somewhere along the way, “HODL” became a rule that made people feel guilty for using the freedom they spent years building. **An incentive to save is not a command to never spend.** What would make spending your Bitcoin worth it? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
If you dont need it, hold it for atleast 3 years. Thank me in 3 years. Good luck and HODL!
Yes. HODL and then borrow against your Bitcoin if you need to take money out.
I assume you're a beginner. With that in mind here's all that you should look for in a wallet:- 1) EAL 6+ secure element 2) More than one source of TRNG, so that what happened with coldcard doesn't happen again 3) No single point of failure, managing a seedphrase is nightmare for most people, I was no exception. Best option would be a Shamir's Secret Sharing enabled wallet, the best solution as of now 4) A BTC-only firmware if you don't trade in shitcoins, reduces the surface area for unwanted attacks. 5) Native-Inheritance support if you're not too young and if you don't hold a big amount. Make sure you don't skip your own research, before buying, spend some time understanding how cold wallets works, what breaks them and what to avoid. HODL for life!
LMAO, Litecoin has done nothing for the past decade. It's dropped from top 5 to top 20. It was the first coin I bought which turned out to be a huge mistake. Wish I would have listened to the Bitcoin maxis. I'd be retired. Charlie Lee destroyed it's reputation by dumping on his followers while telling them to HODL. Every single thing you listed has done absolutely nothing for the price. None of those brought any new demand. You'll get some bounces here and there but it will just continue to bleed on it's ratio.
Same thing happened to me. Bought 1BTC for 5k. Panic sold during the pandemic. Had to buy it back at 10k. HODL ever since!
People think we are delusional, but the day bitcoin reaches 1 million Everyone will Join us HODL 💪💪💪💪
bond market sell off continues risk assets sell off to cover losses. this is short term as the high bond market sell off increases the bond prices and then the fed has to step in with QE or some alternative aka printing money. HODL, and HODL hard because this is going to be a boon for the the larger BTC community.
It may sound complicated at first, but before worrying too much about charts, prices, or finding the perfect entry, or Holding....I think the first thing you should do is structure yourself financially. **1. Get your regular finances in order first.** Separate the money you actually need from the money you're willing to invest. Have money for your normal monthly expenses, some savings, and IDEALLY an emergency fund. Bitcoin is volatile, so you don't want to be forced to sell BTC during a bad market just because your car broke down or you suddenly need cash. The money going into BTC should be money you can realistically leave alone for years if necessary. **2. Decide how much risk you're actually comfortable with.** Don't invest an amount that will have you checking the price every 10 minutes or panicking when BTC drops 20–30%. Bitcoin has had much larger drawdowns historically. Decide beforehand what percentage of your savings/investments you're comfortable exposing to BTC. **3. Don't put all your eggs in one basket.** That applies both to your investments and to how you store your Bitcoin. You don't necessarily need everything you own concentrated in BTC, and as your BTC position becomes significant, think about whether you really want 100% of it sitting in one place. You might eventually have traditional investments, cash, BTC, etc. And within your BTC holdings, you might keep a small amount accessible while putting your long-term holdings into proper cold storage. **4. Learn storage BEFORE you accumulate a large amount.** At the beginning, keeping a small amount on a reputable exchange while you're learning isn't the end of the world. But if you're planning to accumulate BTC long term, learn what self-custody actually means. Learn about hardware wallets, seed phrases, backups, passphrases, and recovery procedures. Most importantly, understand that self-custody gives you control, but it also gives you responsibility. If you lose your keys or expose your seed phrase, there may be nobody who can reverse the mistake. Don't rush into complicated wallet setups you don't fully understand either. Simple and secure is better than sophisticated and confusing. **5. Take security seriously from day one.** Use a unique password, 2FA, secure email, and be extremely suspicious of links, DMs, "support agents," giveaways, and people offering to help you with your wallet. Never give anyone your seed phrase. Never type it into a random website. And don't advertise publicly how much BTC you own. As your holdings grow, your security should grow with them. **6. Keep records of where your BTC came from.** This is something beginners don't think about enough. Keep records of your purchases, dates, amounts, prices/cost basis, exchange statements, wallet transfers, and transaction IDs. Moving BTC from an exchange to your own wallet isn't the same thing as selling it, but years later you may need to demonstrate where those coins came from and what you originally paid. Good records can save you a massive headache later. BIGT TIME! **7. Learn taxes, AML/KYC BEFORE you need it.** People spend years learning how to buy BTC and almost no time learning how they're eventually going to turn some of it back into dollars. If BTC becomes worth substantially more someday and you want to cash out, understand capital-gains taxes, exchange KYC requirements, AML/source-of-funds checks, withdrawal limits, and how your bank handles large transfers. A legitimate large withdrawal can still generate questions from an exchange or financial institution. That's another reason to preserve a clean history showing how you acquired the BTC. Don't wait until you're trying to cash out a large amount to figure all of this out. **8. Have an investment plan instead of reacting emotionally.** Decide whether you're DCAing, buying larger corrections, or using some combination of both. Decide roughly how much you're willing to invest per month/year and what would cause you to stop buying. You don't need to predict every top and bottom. Having rules helps prevent FOMO when BTC is pumping and panic when it's falling. **9. Think about your exit plan even if you're a long-term holder.** "HODL" doesn't mean you can't have a plan. Maybe your goal is to hold for 10+ years. Maybe someday you'll sell 10–20%, recover your original investment, buy a house, or gradually take profits. You don't have to know the exact price today, but you should understand what you're actually investing *for*. Basically: **Finances → risk → buying strategy → storage → security → records → taxes/AML → exit strategy.** Once you build that foundation, Bitcoin becomes much less overwhelming.
should not have done lumpsum to start, but thank God I HODL instead of selling. I'm now seeing green, and I hope this pattern continues while I DCA.
It's the New updated version of HODL.
Misspelling is the lore behind the original HODL though
Take care dude, come back stronger after sorted things out. HODL
DCAing all the way through, too. And haven't sold. HODL on, bro.
It's how these entities get rich. They buy everything up cheap then resell it at inflated prices to the regular guys. HODL.
Up and to the right forever if you zoom out. DCA HODL
The volatility is the gift silly boy, and its ona schedule. If you know when the Bear and Bull markets are coming, you make bank by buying low and selling high. If you have zero instincton timing, you just hold through 4 year cycles and you still outperform Wall Street. There is zero complexity to this... If you can't see how the volatility is a repeat opportunity to stack and hoard you are either: A. Too young to appreciate the long time horizon if a 4 year cycle B. Too broke to HODL through a 4 yeaar cycle C. Too dumb to manage your own money
Even if it comes through, it won't be like you describe it. It will be possible to average with the year before, and: there will be a sum which is tax free. Yes, the old HODL approach will be obsolete, you have to switch to more active management.
This is my 12th year in BTC so I got in a few years after you. Ive held strong for all these years without selling ( only sold about 0.1 during that time). This next bull run is going to be insane and it’s where I’ll begin to diversify and make the lives of my family better. I know people say HODL forever, but you gotta take reward for your patience as well. Saying that, never sell it all.
If he has to borrow 10k that probably means he doesn’t have much liquidity. Putting money you don’t even have into one of the most volatile investments isn’t a good idea. You sound like a typical HODL lunatic.
It's not the same. You have to \*effectively\* realize your gain/loss every year instead of only when you sell. You pay the taxes as if you sold, regardless of whether you actually do. A system which nominally treats every dollar the same at the end of the day will leave you with less wealth if it collects those taxes earlier, simply due to the time value of money and who possesses how much and when. Imagine a scenario where Bitcoin does 100x, which it absolutely did between the lows of 2014-2015 and the highs of 2017. Say, you bought 100 BTC at $200 each at the bottom in 2015, and paid $20,000 total for all 100 BTC. Consider that by 2016, it's $2,000 -- up 10x. (Yes, this didn't happen until early 2017, but hey.) Congrats, your holdings are now worth $200,000! Under this new law, you'll have to pay 36% of the unrealized gain. The gain is 90% of the $200,000, or $180,000, and 36% of that is $64,800. You owe $64,800 in taxes. You started with only $20k! You don't HAVE $64,800! So, you have to part with some of your investment in order to come up with it: you sell 32.4 BTC for $2,000 each to come up with $64,800 to pay the tax. There is no \*additional\* tax on this sale, because realizing this gain has the same tax burden that the government was going to charge you on the unrealized gain anyway. Great! You now have 100-32.4 = 67.6 BTC left over, worth a total of $135,200. You have \*clearly\* enjoyed an increase in the value of your holdings, so you should feel good. Now it's the end of 2017, and BTC has gone up another 10x, landing at a unit price of $20,000. Congrats! You have 67.6 BTC now worth $1,352,000. You haven't made any money yet, but you \*totally\* could if you \*just\* sold. You remember, though, that everybody is forecasting BTC to be $30,000 by mid-2018.... oh yeah, and one more thing, too... it \*is\* that time of the year again, and you owe 36% taxes on your unrealized gains, which are 90% of $1,352,000. This new tax burden is $438,048. Remember, though, you don't HAVE $438,048. You only started with $20,000 a couple years ago, and as a true Bitcoin maximalist, you haven't been selling along the way (except when the government forces your hand, of course) and have no other investments or large sources of money from which you can draw to pay this tax. So, you do what you must, and you sell exactly 21.9024 BTC for $20,000 each to get the $438,048 you then send onward to your tax authority. At the end of the day, you have 67.6-21.9024 = 45.6976 BTC to your name, worth $20,000 each, for a total of $913,952. For your initial 20,000 investment, having a BTC stack worth this much truly is incredible, and you should feel \*good\* for having HODL'd your way to accomplishing that. So, let's compare your $913,952 result to the result you'd have if you were in a more normal jurisdiction, which charges 36% on only \*realized\* capital gains. You'd have been able to keep more BTC for longer: you'd have been able to keep your BTC all the way through the date you sold, owing taxes only on the gains realized in the sale. You'd still have 100 BTC at $20,000 each by the end of 2017, or $2M, which is a bit more than double what you have after paying the taxes on unrealized gains. Granted, these BTC would be highly appreciated, and you'd owe 36% on the realized gain (which is 99% of the total at this point due to the 100x growth) if you were to sell them, so, liquidated, they're only worth 2e6\\\*(1-.36\\\*.99) = $1,287,200 to you, but this is still dramatically more ($373,248 or 40.8% more than the $913,952) than if you were to realize gains every year. That said, you only held through this much growth by being a true believer. 2017 had several 30+% drops, each of which looked like the end of the bubble, before ultimately achieving the 100x rise from the 2014-2015 goblin town days at the bottom. You \*know\* Bitcoin is going to continue to rise, so you hold. You hold through the first 50% crash to $10k and through all the bounces thereafter, through the crash below $6k and all the way through the $3,122 crash floor. You never sold except for when the government made you. You don't get your money back which you paid in taxes. You just get a tax credit against future gains. It's a \*very\* good thing you were forced to sell along the way to pay the taxes instead of drawing from money you may have stored elsewhere, because you have kept your BTC activities siloed within that initial $20,000 outlay you scraped together in 2015 to buy your initial 100 BTC. Just remember that you have only 45.6976 BTC after all the volatility, out of the 100 you initially paid for. By keeping your activities confined to the $20,000 you initially brought (aka, selling BTC to pay taxes), you have prevented yourself from going bankrupt by effectively giving 54.3% of all of your initial BTC to the government. This is the best case scenario. Now, let's consider a worse scenario -- let's consider what it might be like if you paid all the taxes along the way from \*other sources of funding\* you had available to you. You buy 100 BTC for $20k in 2015. You owe 36% of 90% its total value of $200k in 2016 to pay the tax on unrealized gains, so you sell $64,800 worth of other investments you have (say, your index funds or whatever. Maybe you take out a big HELOC against your house if you have one, etc) to pay the tax. You pay the tax. Then in 2017, the value rises 10x again. You now owe 36% of 90% of the total value of $2M. This tax burden is $648,000. So, you sell your entire house to be able to keep all your bitcoin. Now, in 2018 and 2019, your 100 BTC loses value, dropping to $312,200 in total value at the bottom. This $312,200 position is one which you paid $712,800 total over two years to be able to satisfy the tax burdens of simply continuing to hold it. What do you have to show for it? You have an after-tax loss of $400,600. Sure, you can EVENTUALLY get that back if you make enough gains to cancel the loss, but it's not like bitcoin (or any other investment you can be lucky enough to predict ahead of time) does 100x returns every other year. It will take you a LONG, LONG TIME to get $400k in gains to be able to claw that money back from the government, and in the meantime, you have $400k less wealth working for you, growing to generate those gains. Dollar-days in the market are what produce your returns, and if you could even weather that $400k loss, not having that $400k for such a long time is a huge impediment toward gaining it back. This is literally a scenario in which you could have sold your house and given all the money to your government in taxes, only to end up in a position where you have exactly none of the profit you ostensibly paid taxes to keep access to. Unless you have a lot more millions than you were ever using to dabble in BTC, this would be positively catastrophic.
If you’re going down this path, add one more step; buy again when it dips (whatever that is) . . Or simply HODL
Something something money laundering….with tax free conversion then money laundering gets worse…and it’s already bad…also holders are gonna HODL till the price is life changing generational wealth…or until BTC is the main trading medium
Use strike. Also, movement right now don't matter because what you want to do is HODL. set a dca and forget about it. Worry about cold wallets when you reach about 0.2 BTC.
When i bought $100 worth on Coinbase in 2018 and totally forgot about it until i checked last year and saw what it was worth. Went all in near the top last year. The was my aha moment that BTC was a valuable asset and to treat it like any other. HODL. Stay calm. DCA. Don't follow hype. I excitedly DCA'd all the way down to the 60s and am still doing so.
I think the message is to buy vinyl records. Hey…in just the past few years I’ve seen the values of some of my purchases go up 100%. Many more than that. But I’m HODL for life man. I'll never sell!
buying some and leaving it sitting there is a feature not a bug, HODL & keep stacking - day trading is for gamblers