Selling my bitcoin

With the current bull run on bitcoin, I'm selling.

I still think that Bitcoin and crypto is the future of the money of the internet, but I can't find anywhere to spend it, and while it is a speculator asset, I think I would rather use all my paper earnings and buy a new camera.

This is the problem I've had with cryptocurrency for the last 7 years or so, you can't buy anything with it. Well before the previous bull run there was a lot of media and promise that bitcoin was going places. You could buy pizza and beer in my home town at a couple of merchants, there was an active cryptocurrency community, etc.

I think it was silk road and the various exchanges going rogue or losing millions of BTC that turned the tide in the end. Bitcoin and the cryptocurrency community never really recovered. The latest moves by Paypal are helping me sell, but when you get into the details you are trusting a company that has a very bad track record of open monetary policy with your crypto. This is good for paper earnings, but I don't know how good it will be for the eco-system.

I hope I am wrong, I hope we turn to using bitcoin as a currency to buy everything online, and maybe even offline, but its time for me to sell and actually USE it for something, and that something is a Canon EOS R6.

Are you holding? Why?

I want to know if you are holding, and why? What are the circumstances that you would sell some of your hoard? Are you still stacking SATs and planning to ride it to the moon? When will you stop and when will you sell?

These are very important questions for you to consider for every asset that you invest in. I never thought of Bitcoin as an investment, it was just another currency, a hold of value. But for me, there is no point in having a currency you can't spend.

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