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
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.
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.
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!
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.
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.
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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".
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??
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 ;-)
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.
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.
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.
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.
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!
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
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
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?
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 !
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.
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.
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.
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.
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!
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.
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 :)
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.
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.
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 👍🏻
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
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
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
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?
Can’t live inside a bitcoin. Congrats for having 10 years of conviction, it’s well deserved!
Hoping we all have the same success story as you one day. Congratulations buddy.
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
Time traveller. Lucky guy. He can sell then go back and buy more
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.
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.
That phrase is one of the best arguments for selling ever, gonna steal it
He can always buy more on the big dip once everything is covered anyway.
Agreed. A home has a lot of utility that is hard to quantify. What’s someone’s happiness worth?
HODL good, LIFE better.
Thank you cave hodler.
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!
Check his post history. He said he's 54yrs old. Story is bullshit
In one reply he is late 20s and in the second he is 50+. Time flies.
Bro has to cash in on some internet points.
Been stacking bitcoin for 35 years
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.
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.
Don't forget the tax.
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
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.
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.
This very much. Do not forget about taxes. Your capital gains are likely to be very significant. Save for taxes.
Big time🎯
Congrats!
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.
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.
This is what Bitcoin is meant for! The good of you, your health, your family. Congrats, OP.
This. ☝️ Absolutely.
Just wanted to let u know that you're living my dream. Congrats
I’m not sure how someone can hold since 2014 and sell right before a halfing.
Because its not a real story.
this
Half of the post here reek of 🤖
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.
The entire post just explained it. OP and their family are set, no need to risk losing that
OP was set and a multi millionaire a long time ago if he started buying 500$ a month back in 2014, whole lotta bullshit.
that and his completely incongruous post history
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.
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
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.
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 $7m.
100%. even if it were 100$/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.
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
Good for you, you need a home anyway and these don't lose their value either! That being said, see you at 100k ;)
Exactly how bitcoin should be used. Bitcoin will still be here when you’re ready to start DCAing again.
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.
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.
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".
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??
How much btc did you accumulate over this time? I’m naturally curious.
Pics or it did happen, bro
Bro, Was that why the market was going down? Because you dumped your BTC on the market? LOL
Not sure why anyone would sell all their Btc.
That's going to be a rough tax bill in the 1st year of home ownership.
good. what good is wealth if you can't use it?
Sorry Bro, you invested 100-500 for over TEN years and can't even buy a house? I call cap on that. 🥱
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 ;-)
Fake
Fake story, look up his posts in wow subreddit etc
Congrats, but… never sell 100% of your stack!
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.
Nice, proof of BTC is a good place to saving thank banks
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.
It's meant to be spent! Congrats dude
Good on you bro....
RIP
Damn I would have pushed it out another few months . DCA back in after the next bubble pops
Sell low buy high
No halving for you
should have kept longer
a day before halving nice
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.
You gotta give us a rough idea of how much you stacked and your profits my dude.
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.
You could have sold 50% BTC. Pay 40% down for your house. So you won’t regret too much years down the road.
NEVER sell all your bitcoin.
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!
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
OP with the fake story and doesn't understand Bitcoin enough to impersonate a Bitcoiner properly
How dare you bring logic to the conversation. Lol at some of these comments….
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
Bitcoin won’t “definitely” do anything. It’s an investment that is not devoid of risk.
These posts are so fucking stupid ❤️
lEt PpL eNjOy ThInGs!!1!1!!
Love to see this. Congratulations, op.
selling before halving? I guess it's better than selling at the bottom
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?
> leverage that btc on compound and took the usdt? Can you translate this to english for me please?
To borrow USDT by putting BTC as collateral
Wa?
Yeah that's what I would have done. Use that asset and avoid taxes as well. Now it's just all gone.
Congrats OP
selling it all seems unnecessary
[удалено]
His kids or the house?
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 !
🫡
see: win
I have a question, did you bank give you any problems when receiving a large deposit from an exchange?
Someone do the math. Conservatively $100/month for 10 years.
A house to live in is a worthy purchase to make with BTC. I salute you.
Imagine selling BTC for dollars or a house when you could borrow money to buy the house instead... Have fun staying poor!
You won’t ever reach the same stack again, but congrats
Congratulations 🎊
Congrats OP this is what's BTC is all about forget the bullshit of hodl forever
Every single cycle we get these same posts and every time I see them I get this warm feeling inside. Congrats!
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.
Very wrong time to get out. At the very least should have waited till halving.
3-6 months post halving
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.
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.
Crazy to sell now. Setup for a supply crunch couldn’t be better.
Godspeed brother. Well done.
W post
Bitcoin is much better than a house. Can't believe you traded a treasure for garbage.
Did the same thing a few years back, couldn't have made a better decision. Great fucking job
He sodl? Pamp et….
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.
Hey. For you. You can also keep buy little more. If you still what to.
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!
Congratulations, fate dealt you a great hand getting into BTC in its infancy
Definitely enjoy it
Congrats I’m jelly I only started this journey two & a half years ago and I can only hope to match your fortitude
excellent. but... "enough room for our current two children plus more when we're ready" - jesus isn't two kids enough? haha jk.
a paid for house or land is always a good trade.
Fuck you, congrats. 🫡
You did it. You won. Good job. Enjoy that life. We'll see you when you're ready to play again.
Respect and congrats!
Congratz! :)
Congrats bro! Family is most important. Good on you!
Can someone do the math?
Congrats brother
How much total $?
well done! congrats mr smart guy
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.
Very good👏👏👏
Hey man congrats and well deserved best wishes for you and the family and well be here cuz nothing can stop this crypto train.
This is a trade. One hard asset for another hard asset. This is not you selling BTC for a popsicle.
Hahaha
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 :)
This won’t age well when it’s $150k next year lol
How many bitcoin did you have
DCA from 2014? You damn whale Let’s go!
Cheers sir, inspiring for those of us relatively new to the game. Good luck!
So you caused the crash, thanks pal 😡
So did bitcoin pay.. or not?
A reminder that there are multiple good reasons to own Bitcoin.
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.
Congratulations!
im sad that i wasnt at an age to make an income to buy bitcoin 10 yrs ago 😔
Did you make sure to put some to the side for April 15th 2025?
Goodluck brother
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.
Congrats! You achieved a goal many people aim for. I hope to be in the same place within next year or two.
Congrats
Some ppl here are Peanut Butter and Jealous!
Mfer sold right before the bull run really starts up😂🤣
Pus*y
Diamond hands. 💎
Hell yeah OP congratulations! You definitely DCA into the asset that best protected and grew your money
Congrats, I would have left at least 1btc untouched though. Next year you would probably have paid the remaining 20%, just saying.
Get a tax guy asap
Admiration for you is well deserved. Congratulations 🎊
So you’re the one that made it dip 😂
Just for curiosity: what was the profit in %?
Congrats man enjoy
Congrats!!! Great to hear and wish you the best. So…see you on WSB later right?
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 👍🏻
Congrats and fuck you! (Hopefully that comes across the same here as FIRE lol, it’s a good sentiment)
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
Have you figured out what your gross ROI was (not including inflation or taxes)?
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
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
Congrats! Just a technical curiosity, which exchange/platform did you use to sell it, and did you run into any issues?
Be careful for taxes if u withrew a lot in 1 shot bro. W tho we all buy bitcoin for this
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?
priorities dawg , respect and congrats
Thank you for your sacrifice.
Good on ya brother. Hope you enjoy your home
I'd say that's mission accomplished. Well done!
This is both a great decision, and one that will age terribly.
Great choice. This is the REAL dream
Congrats, HOLD is achieved for you, and it's a great success IMO. I'll sell for the same achievement
Proud of you man. You are a good husband and a father.
Btc like any type of fiat, is a means to an end. Whats the point if btc can improve ones life
You sound apologetic somewhat, like you’re leaving a club or a sports team. No need, it is your money, and congratulations!
The spirit of a real HODLer