For the first time since 2021 I cashed out. I've bought/sold plenty of times since starting my journey, though mostly held and continue to farm DeFi as a sort of crypto-based perpetuity, but for the first time I sold a chunk of my BTC to pay off my remaining debt.
I'm now free of all credit card debt for the first time ever! Been cycling 0% loans forever, but it still weighed on me and it's just too risky when life happens and you need liquidity (learned this the ... suboptimal way). My only remaining debt is my mortgage, but maybe after this next cycle I can be completely debt free.
Hot damn #feelsgoodman
Given that I've been DCAing in all the way from the bottom of 16k, I was able to sell about half my BTC which covered my entire initial capital outlay and so now I'm left with all profit and it's back to DCA until we hit the real bull run. After locking in my profits I'm still left with a nice chunk of cash so I'm just going to rebalance my portfolio via DCA while letting it sit (I use Coinbase and it's giving 5% APY on USDC, so no reason to rush it).
I wanted to share this because it's a massive psychological relief and a gentle reminder to a) not be greedy, b) have a plan and follow it i.e. diamond hands, and c) take your anxiety-fueled profits! Crypto isn't going anywhere but ⬆️ and ➡️. I've been wanting hit the sell button for months and I get it, selling is hard, but kicking yourself in the nuts when you could have sold and now it crashed and now you need to wait another 2 years is worse.
Good luck out there fellas, it's a good day! submitted by /u/CryptoDad2100
[link] [comments]
http://dlvr.it/T3LlT0
I'm now free of all credit card debt for the first time ever! Been cycling 0% loans forever, but it still weighed on me and it's just too risky when life happens and you need liquidity (learned this the ... suboptimal way). My only remaining debt is my mortgage, but maybe after this next cycle I can be completely debt free.
Hot damn #feelsgoodman
Given that I've been DCAing in all the way from the bottom of 16k, I was able to sell about half my BTC which covered my entire initial capital outlay and so now I'm left with all profit and it's back to DCA until we hit the real bull run. After locking in my profits I'm still left with a nice chunk of cash so I'm just going to rebalance my portfolio via DCA while letting it sit (I use Coinbase and it's giving 5% APY on USDC, so no reason to rush it).
I wanted to share this because it's a massive psychological relief and a gentle reminder to a) not be greedy, b) have a plan and follow it i.e. diamond hands, and c) take your anxiety-fueled profits! Crypto isn't going anywhere but ⬆️ and ➡️. I've been wanting hit the sell button for months and I get it, selling is hard, but kicking yourself in the nuts when you could have sold and now it crashed and now you need to wait another 2 years is worse.
Good luck out there fellas, it's a good day! submitted by /u/CryptoDad2100
[link] [comments]
http://dlvr.it/T3LlT0
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