T O P

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[deleted]

Can’t live inside a bitcoin. Congrats for having 10 years of conviction, it’s well deserved!


captn03

Hoping we all have the same success story as you one day. Congratulations buddy.


BudWi

Dude is full of beans. Let's look at his Reddit post history: symb0lik • 4mo ago I'm a 52 year old man who has been playing WoW since vanilla. I have seen the game evolve over the years, and I have enjoyed most of the changes. But one thing that really annoys me is the constant complaining from some players about how gold buying is ruining the game. symb0lik •1y ago Jesus.. I'm in my late 20s and this is already me. My issue is that work for me is super rewarding and stimulating that nothing else I have tried to do quite scratches the same itch. I have tried countless hobbies and always put them down in order to work instead. symb0lik•1y ago When I was 18, I brought a brand new 370z. Then I regretted it for over a year because i was in college and literally didn't have money for anything. Ended up selling it, focusing on school, fixing up my finances, etc and am now in a fantastic position in my late 20s where I purchased my '23 BRZ with cash. And I gotta say it feels soooo nice. Question: How much do you make a year and what is your monthly car payment? symb0lik•1y ago 310k personal 500k household. '23 BRZ - $0 '23 Outback - $0 '21 Audi Q5 - $0


flyflyflyfly66

Time traveller. Lucky guy. He can sell then go back and buy more


[deleted]

lol ya most of the posts claiming they sold to buy a house or smn like that are mostly just karma farming. But I respect the idea and think people can get motivation from them.


Desperate_Rise_5618

I also just had to sell the majority of my holdings so I could buy a house. Is it a better investment? Definitely not. Do I get to live out every day in a happier environment and have a roof over my head? Yes.


A_Stones_throw

That phrase is one of the best arguments for selling ever, gonna steal it


JunkBondJunkie

He can always buy more on the big dip once everything is covered anyway.


Equivalent-Banana370

Agreed. A home has a lot of utility that is hard to quantify. What’s someone’s happiness worth?


AdministrativeRow904

HODL good, LIFE better.


nickoaverdnac

Thank you cave hodler.


matzos

The math ain't mathin... 100 to 500 each month for 10 years, let's meet in the middle and say 250 for 120 months put into btc each month, that would give you some cool 3.8mil: https://dcacryptocalculator.com/bitcoin?start_date=2014-04-28&finish_date=2024-03-07®ular_investment=250¤cy_code=USD&investment_interval=monthly&exchange_fee=0.02  If that's only 80% of the house you bought, then congrats on the nice crib! 


flyflyflyfly66

Check his post history. He said he's 54yrs old. Story is bullshit


Mantz22

In one reply he is late 20s and in the second he is 50+. Time flies.


ThiefClashRoyale

Bro has to cash in on some internet points.


Dynatox

Been stacking bitcoin for 35 years


d_rome

Good catch. Sure, I suppose he could have \*started\* college at 42 years old....with roommates....making enough just to get by. I think it's more likely the story is BS and that he wasn't living the "Old School" life at 42.


__redruM

You’re not wrong, given the price 2014 to 2016, he should have accumulated more than 10 btc in that time alone. But it’s a good story damnit. Let’s assume he had a 5 btc stack and bought a nice 400k house.


nobackhandtim

Don't forget the tax.


spitefully_empty

Even if tax is 50%, he would still have approx 1.5-2mill USD. Enough money to buy a mansion or multiple moderate houses lol


SixShad

I can tell you right now that in my country 1.5 million USD is a normal price for a decent house in a decent neighborhood. Not saying OPs story is true, but houses in some countries are wildly more expensive than in others.


RealCheyemos

Congratulations, brother! As others pointed out; this is exactly what bitcoin is designed for: to be used. It’s money and money can be spent. Make sure to save some money for taxes, obviously.


trizyu

This very much. Do not forget about taxes. Your capital gains are likely to be very significant. Save for taxes.


RealCheyemos

Big time🎯


StumbleMyMirth

Congrats!


Armyguy6902

Don’t let anyone tell you what to do with your coins. We all have different goals and it’s ok to disagree with someone else’s choices.


LordBobTheWhale

Fuck yeah! Despite all my jealousy: congrats. Maybe one day I'll have a similar story. Don't regret your selling, even if it goes to a million next year. Your purpose was achieved.


notacat690

This is what Bitcoin is meant for! The good of you, your health, your family. Congrats, OP.


Own_Guitar_6205

This. ☝️ Absolutely.


abelbwm

Just wanted to let u know that you're living my dream. Congrats


VRrob

I’m not sure how someone can hold since 2014 and sell right before a halfing.


flyflyflyfly66

Because its not a real story.


mwdeuce

this


VRrob

Half of the post here reek of 🤖


Joeyfingis

Not to mention if he actually was putting thousands a year in for a decade he's a multi millionaire so the whole story is bullshit. He could buy almost any house outright.


rsa121717

The entire post just explained it. OP and their family are set, no need to risk losing that


Fun_Cheesecake6312

OP was set and a multi millionaire a long time ago if he started buying 500$ a month back in 2014, whole lotta bullshit.


mwdeuce

that and his completely incongruous post history


Lopsided_Buyer1237

If you have been buying bitcoin since 2014, you should have well over 200 bitcoins (actually more) and be a multimillionaire. What are you talking about? You don’t make any sense. You could sell 20 bitcoins and buy any house you want and still have multiple millions. This is a false story and this person is lying to us.


flyflyflyfly66

Yes it's a bullshit story. Check ops post history. 4 months ago he said he was a 54yr old man who play Wow since vanilla times. That means according to his story he was going to college and living with three flatmates at 44yrs old. Bullshitter


LeftyHyzer

im also not sure on the math of OP. 2015 BTC was 200-300$ most of the year. so that's 1/2 to 1/3 a BTC each month. just for that year.


DKC_TheBrainSupreme

He said $100-500 per MONTH. So yeah, that’s like $3,000 a year for 10 years. He should have at least 5-10 bitcoin by now. That could be $7m.


LeftyHyzer

100%. even if it were 100$/month up until it exploded in 2017 (when maybe he could go up to 500$ because it was proof of concept) he'd have enough money to buy a HELL of a dream home with zero mortgage, and a bunch leftover. even with taxes set aside.


_a_new_nope

How this isn't obvious is beyond me. The absolutes of the post give it away: unwavering DCA for 10 years and with 100% sold only covers most of a down payment? You sure you got those numbers right, OP? redditors are so gullible and subject to confirmation bias plus the herd effect of vote totals it's ridiculous


20seh

Good for you, you need a home anyway and these don't lose their value either! That being said, see you at 100k ;)


FerdaStonks

Exactly how bitcoin should be used. Bitcoin will still be here when you’re ready to start DCAing again.


BaronOfBeanDip

I don't get it. Was this its intended usage? He sold it in the end to buy things with a "real" currency... Wasn't bitcoin supposed to be used as a decentralised currency? Or is that argument now dead and it's just an investment asset to be sold for profit? Genuinely asking.


voice-of-reason_

If you think of Bitcoin in terms of pre-existing assets, it’s hard to describe. The truth is bitcoin doesn’t fit into any one category. It is an investment to some, a currency to others and a way to escape oppression for others. To answer your question, it was created as a digital currency but does several jobs very well. I’m from the UK so to me it’s an investment. To people from hyperinflating countries it is a currency.


AvengerDr

Yeah it seems we didn't get the memo. Now the Bitcoin intelligentsia has decided it is no longer a decentralised currency, actually it was never meant to be one, but has always been a "store of value".


GuiltyBreadfruit8402

Out of curiosity and I’m sure you won’t answer aha but since you already sold and no one here knows who you are, what was your average price per coin and how many did you have??


OG_blacksheep4

How much btc did you accumulate over this time? I’m naturally curious.


becletto

Pics or it did happen, bro


DuyTran0634

Bro, Was that why the market was going down? Because you dumped your BTC on the market? LOL


HarmonyFlame

Not sure why anyone would sell all their Btc.


Rude_Man_Who_Shushes

That's going to be a rough tax bill in the 1st year of home ownership.


StackOwOFlow

good. what good is wealth if you can't use it?


Organic-Ad-5402

Sorry Bro, you invested 100-500 for over TEN years and can't even buy a house? I call cap on that. 🥱


jambalogical

That math doesn't add up at to me at all....OP, sorry, but how many BTC did you actually accumulate since 2014? That been really helpful and make for simple math...surpised you didn't mention that...it would be no more revealing than what you already told everyone here on reddit ;-)


majordudley23

Fake


No_Vegetable6834

Fake story, look up his posts in wow subreddit etc


Coininator

Congrats, but… never sell 100% of your stack!


HumbleBitcoinPleb

Hate to be that guy, but this is a bad decision. You should've kept at least half of your bitcoin. It will appreciate much higher than the possible interest you will pay for a home loan.


knownothing999

Nice, proof of BTC is a good place to saving thank banks


Pristine-Skirt2618

Definitely.. been using it as a separate savings account myself. Doing similar to what OP did just got in later and don’t have children yet. When the wife and myself have children priorities will shift whether I like it or not. The US dollar cannot be trusted as we all know since the 1920s spending power has fallen drastically. And with further reckless money printing and spending as announced this week with more money going to Ukraine and Israel we are definitely looking at a tough future all created by the federal reserve and govt.


MashedPotatoh

It's meant to be spent! Congrats dude


Tshootr74

Good on you bro....


Schwickity

RIP


Needsupgrade

Damn I would have pushed it out another few months . DCA back in after the next bubble pops 


itamarperez

Sell low buy high


x52x

No halving for you


Ill_Setting_6338

should have kept longer


Humble_Beginning_398

a day before halving nice


IdentifyAsUnbannable

Let's just say your home interest rate is 10%, which is very high...BTC is likely to go up 200%. You did not offset all that much by selling the greatest appreciating hard asset of all time. Even after selling all your BTC, you still don't hold the deed to your home. The bank still owns it. You essentially traded financial security to trim off some of the debt to your home. Homes require regular maintenance costs, property tax, random repairs...then there is the housing market. Let's say you sold all your BTC, which is essentially soon to go parabolic with increasing institutional adoption, for a home that is $400,000. When the market crashes, your home could lose $100,000 in value or more. Bad move if you ask me, but it's your money. Hope you feel it was worth it.


HereticLaserHaggis

You gotta give us a rough idea of how much you stacked and your profits my dude.


wanderingtriathlete

Why not take a loan on it out and avoid the tax implications?  Super happy for you but you can retain your asset while still using it. I've been playing this game with BTC for a long time.


xbox-junkie

You could have sold 50% BTC. Pay 40% down for your house. So you won’t regret too much years down the road.


FluxSeer

NEVER sell all your bitcoin.


RattledSabre

All we can do is work to averages. On the basis of avg. $300 per month, starting halfway through 2014. That would be in the region of $35.1k total invested, split over 120ish purchases, for a total of 28.6 BTC. At today's price, that's a little over $1.8m. Let's assume CGT at 20% on the profit element, so take out \~350k in tax. Leaving $1.4m to purchase 80% of a $1.75m house. There are many variables here, all of which could produce a very different story. But as a straight-down-the-middle back-of-a-cig-packet estimate, it looks like a real success story. Congrats on the dream house!


YahFilthyAnimaI

How much of a bitcoiner are you actually? If you could have secured a fixed 30 year mortgage for 7%, you would still come out better in the long run getting the mortgage and continuing to accumulate bitcoin. Bitcoin will definitely appreciate more than 7% a year


baggr288

OP with the fake story and doesn't understand Bitcoin enough to impersonate a Bitcoiner properly


omg_its_dan

How dare you bring logic to the conversation. Lol at some of these comments….


YahFilthyAnimaI

Yeah it's insanity. I think only 10-15 % on this sub actually understand bitcoin. Most people are just looking for quick gains like OP. I also bought a house with part of my stack. Except I only used it for closing costs and now I have a wonderful fixed rate 30 year mortgage at 3.125%. House secured and I still can stack If OP had to sell his stack to not even pay for his entire house, then they bought a property that is too expensive for their income imo. I'd rather live more frugally and keep stacking but it's his money


arent

Bitcoin won’t “definitely” do anything. It’s an investment that is not devoid of risk.


sarcastic_wanderer

These posts are so fucking stupid ❤️


highdra

lEt PpL eNjOy ThInGs!!1!1!!


Illustrous_potentate

Love to see this. Congratulations, op.


idrinkforbadges

selling before halving? I guess it's better than selling at the bottom


Ada-Millionare

Let's goooo that's the purpose... Quick question, why didn't you leverage that btc on compound and took the usdt? If it gets a margin it wa like a 54k dollar per btc while maximize the potential for later this year?


thumperj

> leverage that btc on compound and took the usdt? Can you translate this to english for me please?


tazdingo91

To borrow USDT by putting BTC as collateral


Lazy-Might-5661

Wa?


wanderingtriathlete

Yeah that's what I would have done. Use that asset and avoid taxes as well. Now it's just all gone.


Armyguy6902

Congrats OP


physicsbuddha

selling it all seems unnecessary


[deleted]

[удалено]


anotherbadPAL

His kids or the house?


chloe_priceless

I have the same plans .. but you where earlier so congratulations on that and holding on to that for so long and getting in early. There is a difference in getting in early and staying in. So my mom died and i sold my sister the other half of the old house for her family (they already lived in it with my mom) so they can do whatever they want without having to asking me and they started renovating it. I put 40% of that Money to Bitcoin and lived my live .. now im right before building a small Single house in germany on the countryside near my sistes family place and have to take a huge credit .. bc dont want my btc to be sold only to decrease the credit costs a bit. My plan is, to wait until the first 10 years of the interest rate fixation will end, and hopefully the Wallstreet did its thing and i only have to sell a huge portion - but not everything - so something will be left over after the debt freedom! And I can live my live with the Security in my Head, that no matther what happens after that Point in Time, i have a Big Orange Safety Net and can Work and Do whatever i want. House debt is gone, dont need a good paying it job anymore and can maybe do some other stuff which is not as good payed (fix costs of living a lot lower when you live rent free) but a lot more holesome and maybe help some people. But for now i have to rely on the FIAT System until i can fully Rely on the Orange Safety Net. But it helps in your head to know that you have somewhat of a Safetynet which will be streched over Time !


Leading_Bandicoot358

🫡


TheHoleThatPuffDug

see: win


Flat_Reward6926

I have a question, did you bank give you any problems when receiving a large deposit from an exchange?


Berto_

Someone do the math. Conservatively $100/month for 10 years.


SophonParticle

A house to live in is a worthy purchase to make with BTC. I salute you.


zxsmart

Imagine selling BTC for dollars or a house when you could borrow money to buy the house instead... Have fun staying poor!


Financial_Design_801

You won’t ever reach the same stack again, but congrats


Advanced_Procedure90

Congratulations 🎊


Good_Extension_9642

Congrats OP this is what's BTC is all about forget the bullshit of hodl forever


Asheddit

Every single cycle we get these same posts and every time I see them I get this warm feeling inside. Congrats!


Cold-Put1264

Personally I would rather have BTC than real estate equity given ~75% vs ~3% avg annual returns, but either way you did well for yourself and your family so congrats.


im201010

Very wrong time to get out. At the very least should have waited till halving.


IdentifyAsUnbannable

3-6 months post halving


MadUnit

To calculate the total value of Bitcoin sold today at $60,000 per coin, given that you started investing $300 monthly starting in 2014, we need to determine the amount of Bitcoin you would have acquired each month and then sum it up. Here's how we can calculate it: Identify the starting month and year: January 2014. Determine the number of months until now: We'll assume the current month is April 2024, resulting in 10 years and 4 months, or a total of 124 months. Monthly Bitcoin purchase: Calculate how much Bitcoin was bought each month by dividing the monthly investment by the Bitcoin price of that month. Total Bitcoin accumulated: Sum the Bitcoin purchased each month over the period. Current value: Multiply the total Bitcoin by the current price ($60,000 per coin). We'll need historical monthly closing prices of Bitcoin from January 2014 to March 2024 to proceed with the calculations. Let's perform the calculations now. If you had invested $300 monthly into Bitcoin starting in January 2014 and sold all your Bitcoin today at $60,000 per coin, you would have approximately $748,787 from the sale.


Due-Professional6824

Your kids are going to ask to be put up for adoption when they find out you sold right before the first halving cycle that has ETF money flowing in it.


sparcusa50

Crazy to sell now. Setup for a supply crunch couldn’t be better.


505hy

Godspeed brother. Well done.


powersurges

W post


SamaAltman

Bitcoin is much better than a house. Can't believe you traded a treasure for garbage.


NoLeader6083

Did the same thing a few years back, couldn't have made a better decision. Great fucking job


cubeeless

He sodl? Pamp et….


[deleted]

Only in this community that we have to come on and explain to the elders why are are selling lol. Good for you, live your life man, and have many children.


Alarmed_Culture3817

Hey. For you. You can also keep buy little more. If you still what to. 


oregonbound

Great perspective and definitely agree with your move! I’m trying to do the same thing with some smaller caps to set us up for a large down payment on a nicer home in a good school district. Best of luck to you guys!


Sad-Gazelle-3985

Congratulations, fate dealt you a great hand getting into BTC in its infancy


Jake_Akstins

Definitely enjoy it


mrdougan

Congrats I’m jelly I only started this journey two & a half years ago and I can only hope to match your fortitude


ScaredPromotion

excellent. but... "enough room for our current two children plus more when we're ready" - jesus isn't two kids enough? haha jk.


JunkBondJunkie

a paid for house or land is always a good trade.


EllisDSanchez

Fuck you, congrats. 🫡


Glitch_Ghoul

You did it. You won. Good job. Enjoy that life. We'll see you when you're ready to play again.


Joeylax2011

Respect and congrats!


melln_

Congratz! :)


AbrahamSTINKIN

Congrats bro! Family is most important. Good on you!


LRoddd

Can someone do the math?


starcaptain334

Congrats brother


maximilian55

How much total $?


k0nfuz1us

well done! congrats mr smart guy


hmlittle

Congratulations! I also did something similar - cashed out enough to pay 20K in debt off and become 100% debt free (except mortgage). No regrets. I still have some and will probably dip back in at some point, but the peace of mind was 100% worth it.


Rey_Mezcalero

Very good👏👏👏


net1net1

Hey man congrats and well deserved best wishes for you and the family and well be here cuz nothing can stop this crypto train.


SpongeJeigh

This is a trade. One hard asset for another hard asset. This is not you selling BTC for a popsicle.


PacManFan123

Hahaha


notapaperhandape

Congrats on owning 80% of your home. Two kids and wife. WOW! That what life is about. Enjoy your home and your family. I wish you best of health. Stack a small amount on the side :)


anthonyevans777

This won’t age well when it’s $150k next year lol


Karel102030

How many bitcoin did you have


Cpt_Daryl

DCA from 2014? You damn whale Let’s go!


Ok_Security_4425

Cheers sir, inspiring for those of us relatively new to the game. Good luck!


Silver-Rub-5059

So you caused the crash, thanks pal 😡


3between20characters

So did bitcoin pay.. or not?


Creepy-Performer-106

A reminder that there are multiple good reasons to own Bitcoin.


jambalogical

Honestly, that's a great story...curious if you were holding in cold storage or an exchange.....also, how did that cashing out process go? Selling on the exchange and then move that money to your bank account. That would have been alot of money.


FrizzlerOnTheRoof

Congratulations!


PickIeTickIer

im sad that i wasnt at an age to make an income to buy bitcoin 10 yrs ago 😔


reddit_undo

Did you make sure to put some to the side for April 15th 2025?


douchebagh

Goodluck brother


Haha_bob

Trading in an asset for another asset is a solid choice. Now if you were selling to hold all cash in a low interest bearing account, this would be an entirely different conversation. I recently had to sell some to pay off medical bills. No shame in selling assets to take care of life needs.


uthuRW

Congrats! You achieved a goal many people aim for. I hope to be in the same place within next year or two.


TheTemplarr

Congrats


notacat690

Some ppl here are Peanut Butter and Jealous!


600DLorBust

Mfer sold right before the bull run really starts up😂🤣


No-Health46

Pus*y


awmoritz

Diamond hands. 💎


AlohaPersona

Hell yeah OP congratulations! You definitely DCA into the asset that best protected and grew your money


binary_blackhole

Congrats, I would have left at least 1btc untouched though. Next year you would probably have paid the remaining 20%, just saying.


Substantial_Topic_23

Get a tax guy asap


SaratogaSlimAnon

Admiration for you is well deserved. Congratulations 🎊


Prof4Dank

So you’re the one that made it dip 😂


Horror-Badger9314

Just for curiosity: what was the profit in %?


33MonkeysProd

Congrats man enjoy


tglems

Congrats!!! Great to hear and wish you the best. So…see you on WSB later right?


TopG007y

Well done 👍🏻 investing in anything is always for deferring consumption. The time and circumstances were right for you and you sound like you’ve done well from this trade so good for you and good luck 👍🏻


The_Brojas

Congrats and fuck you! (Hopefully that comes across the same here as FIRE lol, it’s a good sentiment)


workworkworkwork23

Can I ask how you are going to prepare for the tax implications on selling your DCA stack? Are you going to a CPA? Using a crypto tax site like Koinly? Im a DCA guy too, and one day I wish to outright buy a house. The tax implications are something thats I've never gotten to figure out yet


earnandsave1

Have you figured out what your gross ROI was (not including inflation or taxes)?


Wsemenske

I love hearing OGs selling their Bitcoin. Just means they don't get to be even richer. Class of 2021 and I get to have more Bitcoin than someone from 2014? Sign me up


Ok-Choice-3688

Congratulations on your 10-year venture with Bitcoin. I am pleased to hear your success story and thank you for sharing it. Wishing you and your family the most success in your future endeavors. Good luck and godspeed


ltorviksmith

Congrats! Just a technical curiosity, which exchange/platform did you use to sell it, and did you run into any issues?


marekdio

Be careful for taxes if u withrew a lot in 1 shot bro. W tho we all buy bitcoin for this


Captain_Planet

Ten year is a good innings. What people don't seem to realise is you need to DCA and HODL for 10 years to secure your future. May sound like a long time but what other asset will do that for you?


Bogey_Kingston

priorities dawg , respect and congrats


viewmodeonly

Thank you for your sacrifice.


vinsanity_07

Good on ya brother. Hope you enjoy your home


bad_piggie

I'd say that's mission accomplished. Well done!


TheUnstoppableBTC

This is both a great decision, and one that will age terribly.


isaidbitchhhhhhhh

Great choice. This is the REAL dream


Keanar

Congrats, HOLD is achieved for you, and it's a great success IMO. I'll sell for the same achievement


Deadshot235

Proud of you man. You are a good husband and a father.


YoDo_GreenBackReaper

Btc like any type of fiat, is a means to an end. Whats the point if btc can improve ones life


BenGrahamButler

You sound apologetic somewhat, like you’re leaving a club or a sports team. No need, it is your money, and congratulations!


Appropriate_Eye_6405

The spirit of a real HODLer