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Hold or sell

noloafing

Published: 22 Sept 2020 › Updated: 22 Sept 2020Hold or sell

Hold or sell

I'm looking for some feedback on something.

I think we all agree that in the long term (5-10yrs) that BTC is likely to hold more value than cash, but what about on the extreme short term?

If you follow my #noloafingmoney tag, then you know that I am working hard to get out of the gig-economy, and while I'm making progess, I don't think I have enough runway in the bank to make it where I am cashing in.

I have a month's "bogey" left in BTC that I refused to cash out during the height of #covid19 in my province and when work dried up immediately.

Stay or go

I have three large projects in the pipe, any one will extend my runway into spring next year, but they are all low probability of hitting. I think one of them is 30% likely, but that one won't pay off until Feb 2021.

So, do I cash out now to pad the bank account in the case that none of the projects hit, or do I leave it in BTC and cash out when I absolutely HAVE to.

What would you do?

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