It's not easy taking a BIG ASS cut in your networth,
Truth you speak, young padowan - but with practice, easier it gets.
For once, I don't want to "...become an old man, filled with regret, waiting to die alone.”
We don't have to be like Jessie L., who probably has a record of gaining and losing large fortunes.
One time he even busted a trust fund, somehow.
I think that WO crowd would be a seller from 20-30k to whatever.
Those (plus OG) bitcoins would allow newcomers to gain exposure.
Just don't sell more than 70% total, EVER.
I doubt that very many OG wall observers will be selling many coins in the $20k to $30k range, except perhaps to skim a few off for insurance.
Selling up to 70% seems a bit much, but I do believe some WO OGs are willing to sell that high of a percentage for a variety of individualized reasons which may or may not be well thought out, except thinking or hoping to buy back lower.. which may or may not play out.
Ahem, NOT for 20K to 30k, but rather from [20-30K] to Whatever (50,60,100, 150, 333, 400K).
I am also very confident that if we "pop" to, say, 25K, then start correcting downwards, many WOers would sell at least a portion.
They would not want to bear a possibility of a second trip downwards. It would be hard to resist.
A similar situation played out in 2017 when we went to 1300, then corrected to 870 or so.
Lots of selling.
Regarding apartments, etc....what's the point (apart from endowing your descendants) of keeping btc and not spending it?
Apartments in NY or San Fran (with a view) sounds good; something small in a nice wooded area (Oregon or British Columbia) and/or tropics is also interesting.
I am for spending [a portion] at the right time. New generations have to (mostly) work their way up, not getting trust funds from their daddyo's.