BlessedBovine on Nostr: I suspect that you are correct. For most people I think it'll be harder to sell the ...
I suspect that you are correct. For most people I think it'll be harder to sell the closer it gets to paying off their home, credit cards, cars, kids' college, etc. I don't expect the same for most hardcore hodlers. We do all we can to save in Sats, and keep living below our means as to not have to touch them.
However, in the next 5-20 years I think you'll be able to play your cards in a manner that you won't have to sell. If you have something like major medical, or other unexpected life expense come up, you'll likely be able to get a collateralized loan against some of your Sats. I'd like to believe most people will be wise enough to do something along those lines, as opposed to dumping their Sats.
I plan to get a loan like that when they mature to buy an income generating asset like a duplex, triplex, fourplex, or small apartment complex. Use the rental income to pay the loan off. As Bitcoin keeps growing in strength against the US Dollar you'll be able to keep reducing your collateral until the loan is paid off. No loss of your own Sats.
If you default or have to forfeit your Sats to pay off the loan, then the original plan was to sell them for whatever you needed taken care of in the first place. Meaning you're not really out anything more than you would have been otherwise.
However, in the next 5-20 years I think you'll be able to play your cards in a manner that you won't have to sell. If you have something like major medical, or other unexpected life expense come up, you'll likely be able to get a collateralized loan against some of your Sats. I'd like to believe most people will be wise enough to do something along those lines, as opposed to dumping their Sats.
I plan to get a loan like that when they mature to buy an income generating asset like a duplex, triplex, fourplex, or small apartment complex. Use the rental income to pay the loan off. As Bitcoin keeps growing in strength against the US Dollar you'll be able to keep reducing your collateral until the loan is paid off. No loss of your own Sats.
If you default or have to forfeit your Sats to pay off the loan, then the original plan was to sell them for whatever you needed taken care of in the first place. Meaning you're not really out anything more than you would have been otherwise.