Do you think of ever selling your BTC? Would you take loans if BTC would be considered a security?
I plan on investing for my retiring when I’m 50 (in 25 years) with a goal of 5 BTC. Already at 1.22.
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How old are you and do you have an EXIT-Strategy?
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Hopefully by the time you’re 50, one will be enough to retire 🙂
Yeah I have an exit strategy, it’s to exit completely from the fiat slave tokens and live off my btc.
You have a worthy goal. Keep up the good work!
I would never exchange Bitcoin for fiat currency in order to hold fiat currency instead of Bitcoin.
I would NEVER use Bitcoin as loan collateral – read the fine print. All of it. There are a lot of things which can go wrong, and if/when any of them do, you lose your Bitcoin.
I dynamically DCA in and out of the market with the risk model from alphasquared. I’m 39.
BTC is primarily for accumulating and protect against fiat, which is what most people will tell you in here. But there is also no denying the fact that you can seriously compound your gains if you convert back to fiat during the cycles when the risk is high.
By the time you are 50, you won’t have to sell Bitcoin for fiat.
Chad
My exit strategy is this:
One day bitcoin will allow me to exit my job.
I’m in for a looong time. Once BTC hits 500,000 mark, I’ll be out and retire. Hopefully BTC hits 500k after 10 years or another 3 halvings. Do you think is that achievable?
I’m 41. I do have an exit strategy. It’s pay off my house.
No exit at all!! I pray to pass down my seed phrases along with financial literacy to my kids, kids, kids, kids, kids so they can maneuver through this constant innovative world.
I’m the person who started the snowball, I’m not suppose to see the end of it
Lmfao people on here saying they will hold on to btc forever and others asking about exit strategy.. can’t make this group up.
I don’t plan on selling my Bitcoin. It is really my post-apocalyptic fund. If the dollar crashes, or the existing monetary system collapses, or if the governments force CBDC on us, then I will at least have some Bitcoin. But in the meantime, as long as I can buy things that I need with fiat, I will keep using it.
12, no exit at all
35… Start exiting at “accepted as fiat globally”
The question is what do you exit to? Is there anything that has better risk reward ratio? I frankly couldn’t find any.
I may slowly spend my btc for goods and services later.
I sell, when I can pay my groceries in the normal supermarket, pay my rent, and get salary in Bitcoin. (When I still need to work)
Exit strategy is $1Million/BTC or oh-well it was an experiment.
Do you hold on hot wallet or exchange? Curious to know long term strategy
bitcoin is the exit, that’s kind of the point
I am 20. I have an exit strategy for the next bullrun and then I will DCA myself back into Btc and maybe stocks or Etfs.