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Thursday, September 1, 2022

Reduced my bitcoin position to lock in house down payment.

Long time lurking. Been buying bitcoin since 2018 and never sold $1. It ended up being 2/3 of my taxable investments. I finally sold 1/3 of that position today at a break even average buy price of 20k because I just found out I’m having a baby and wanted to safeguard some money for a down payment for a house that I plan to buy in 2-3 years! I am fortunate to have other savings and now happy to sit at a more modest 40% allocation :)

Anyway, just posting here that it’s OKAY TO SELL if your life changes.



Submitted August 31, 2022 at 11:12PM by ShadyTheRogue https://ift.tt/mbNT1og https://ift.tt/xBe0skK

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