Anon on Nostr: The “never sell” narrative is typically pushed by those who advocate building ...
The “never sell” narrative is typically pushed by those who advocate building “generational wealth.” I personally have no interest in that particular use case. Living frugally and never selling, with the ultimate goal of enriching an ungrateful child who won’t appreciate the sacrifice you made, is a life wasted.
The whole point of owning hard money is to preserve purchasing power. That implies that you actually use it will *purchase* something at some point. There’s nothing wrong with that at all.
What you should avoid though is trading and market timing, converting back and forth to USD, thinking you’ll outsmart the market. You won’t. It may work occasionally, but over time you’re better off holding / spending.
The whole point of owning hard money is to preserve purchasing power. That implies that you actually use it will *purchase* something at some point. There’s nothing wrong with that at all.
What you should avoid though is trading and market timing, converting back and forth to USD, thinking you’ll outsmart the market. You won’t. It may work occasionally, but over time you’re better off holding / spending.