Damus
Ben Justman🍷 profile picture
Ben Justman🍷
@BenJustman
I have to sell Bitcoin to buy 10k lbs of grapes next month. This dip feels like a short/medium term inflection point for the next several months.

What should I do?

A) Sell "all" now - expect bigger dip
B) ~50/50
C) Sell "all" later - expect a rip

39❤️11🤙1
2a3dex · 27w
50/50
db42 · 27w
Strike or ledn loan? Sell btc to pay off the loan monthly so you can spread out the btc sells over 12 months?
Henny B · 27w
B seems the wisest
Albert Frei · 27w
Sell all now. If you are in a situation like this you have not enough fiat. One shouldn’t rely on short term price speculation. Bitcoin is for long term savings.
Matt 🛸 · 27w
Reverse DCA?
Great Ghee · 27w
Always sell as late as possible.
Sam · 27w
Would it be possible to work something out with the vendor? Maybe you can offer to pay them over a few months, and if you get the fiat then pay it off early, and if BTC rips you can sell at a higher point to pay it off early
R · 27w
Mostly C. Longer version…. 1. Remove sell from your lexicon 2. Think in FIFO terms and SPEND your satoshis as needed to meet expenses. Since you’re really spending sats from years ago, no matter what they have more purchasing power than when you acquired them. 3. Sats you’re acquiring now...
Achilles · 27w
I’d personally reverse DCA. No financial but life advice 🧡🫂💜. Thanks for doing what you do I think it’s awesome cheers to you 🍷
aco · 27w
Hire a marketing guy 😉😂
Konstantine · 27w
what about DCA'ing out? do you need to buy all the grapes in 1 transaction?
Peter Heino · 27w
Sell what you need to sell now and keep what you can keep. I did it like this at around 109 for a downpayment that I'm gonna need in january next years. The gambling was'nt worth the stress. Bitcoin is not for gambling imo.
Nico · 27w
take a loan against your bitcoin, don’t sell
TheBitcoinBattery · 27w
We're not in any crazy times right now as far as insane rips coming as far as I can see, but there is a possibility we'll see $150k within a couple months. I'd go with B, half now half later. Get the average sale price between now and then, might end up being higher than the current ATH was.
tanel · 27w
sell all and be happy with the profits you've made + that you are able to reinvest in your business stop with the what if's 💜
Keith Meola · 27w
C! it all balances out in the end, but I'd rather hold more BTC