I dont know about that yet, some serieus btc hype can cause a red market again. Its still correlated not as much as previously but still
some people want to cash out. Some are happy to withdraw 60% of their gains and buy a few condos and a bonds portfolio and live off the income. It depends how long you have been invested.
There is a psychological fatigue in being an long time hodlerâŚ
Some people had a final objective to cash out slowly above 1000$ on bitcoin, itâs now 2000$ 2 months later, so yeah paying for decent 
housing and fancy vacation is just ok in my book.
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Yea this i agree im on 25% of my taret then i will withdraw half and buy some houses here and in spain.
Then thats secured for the future
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yeah Switzerland is a tax heaven for the bitcoin rich.
Before you pay a $ to the IRS I would advise to look at other options. Relocate to Monaco, or Geneva or whatever. Depending on your gains, it might be really worth it.
But some investors are happy to pay taxes and stay where they are. if Maid hits 10$ I will be happy with my choice of living in Switzerland.
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When maid reach $10 i would buy a country.
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All Iâve seen is tiny and short lived changes from traders trying to track fiat values, but none of them hold because MAID investors arenât really selling and itâs not a highly traded coin atm. I certainly wouldnât bother shorting any Alts now in the face of BTC pumps tbh. 
We all start off wanting to cash out some âwinningsâ. The we do. Perhaps we convert some to gold and silver or shares etc (as I did) to hedge it. Within a few weeks we invariably find that we could have made a lot more by holding for longer. The experience of cashing anything out has a paralysing effect on the remainder. You end up holding because you see how much more you would have made by just keeping hold.[quote=âSwissPrivateBanker, post:1692, topic:9923â]
There is a psychological fatigue in being an long time hodlerâŚ
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I think that used to be true. Itâs certainly true when stuff is going down as well as up in value. I donât find it with BTC though. I love my cryptoâs. I would hate to have a bank account full of money instead of them, even at 5x their current price.
So although I agree that some people want to cash out, I think most end up having the same kind of experience after they do a few big cash outs, regret and hodlâing paralysis. 
If you cashed out to buy your houses at $1k youâd feel a bit annoyed at not waiting to buy twice as many houses a few months later at $2k I reckon. If you saved some of your coins youâd probably start holding them more tightly too.
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Whatâs the point of wealth if you donât spend it. I am more of saver than a spender but dying with it all left behind is of no interest to me.
True, but where does the holding stop? Or is it an endless hold until you have one foot in the grave?
Once it can be used for everyday life converting to fiat will no longer be needed⌠we are far from there.
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illiquid markets James. When everyone wants to cash out, itâs already too late.
You have to ask yourself at what standard of living I will be happy and comfortable for the rest of my life.
If you reach it, whatâs the point of hodling ?
My standard may shock you cause it would be when Maid trades above 50$. Everyone has different standard I guess. But you canât say the opposite, at some point, enough is enough.
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Iâll never cash out. The thing todo for me is to buy a crypto card so I can have an account where I funnel into so I can pay at every visa terminal around the globe.
Although have todo a little research on it first which one to take 
Maybe cash out parts of the money needed to get a loan @ the bank or soâŚ
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But I wouldnât feel safe or secure holding fiat.
I would always just cash out what I needed when I needed it. Not just because it is deflationary instead of inflationary, but also because fiat is coming to the end of its shelf life imo. It might take another 30 years, but I wouldnât want to hold a big bag of worthless paper while they can print more of it whenever they want. If I want a nice luxury holiday with the wife I can cash out the BTC required to cover it and thatâs it. I would never just cash out hundreds of thousands or millions for the sake of having more in the bank. I have no interest in the bank apart from the fact I have to pay a pittance for some utilities through it.
Itâs not about greed or wanting more, itâs about being happy using crypto as my store of wealth now. We all die leaving most of our welath to our kids anyway, I donât expect Iâll be much different. I donât have any use for fancy cars or boats really - maybe an island ;).
But you can buy houses with bitcoin and you can shop on amazon with billions of products on offer. Given the trend I expect I will find it less and less necessary to use the fiat middleman.
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I donât post into this thread really (I feel prices etc. are not something I should comment on, especially maidsafecoin, just in case), but felt that I could offer a thought here. There is obviously a target for people that works well, say a house and maybe a car with some income in future. So I feel that with all this increase in value that a good approach is find out what friends and family need to be free of financial stress and look at helping them out. I also think that rather than cashing in to fiat, giving some coins to them with a good explanation of what that means (itâs not a ÂŁ value to simply cash in and spend, but a longer term attitude and opportunity).
Then of course the projects that need help, but promise a much better life for us all, from cancer cures, targeted medicines, homes, power and clean water for everyone etc. Then itâs all quite interesting as this expansion of knowledge about new currencies and ways of working can really be understood by people as they see real opportunities and importantly a different future.
The trick, I feel, is not to only help, but involve these others and show them this different path, but keep them on it, not cash out and thank us Moving towards real empathetic and logical advancements for society would be amazing. For instance one of my goals on launch is to remove the need for hospitals and increase use of technology to help health (x prize tri-corder, genomics, protiomics etc.) and stop cutting folk with scalpels and such like. That kind of thing not only helps everyone, it could directly help me if I ever needed some treatment. Folk see this as some kind of charity or crazy philanthropy, but I think it is logical and perhaps selfish to an extent. Anyway we are all different, but I think this expansion in price is not about holders becoming rich (I donât even think anyone knows what rich is with respect to ourselves), itâs more about early adopters becoming financially free to live and importantly to spread the whole eco system much further into mainstream. I believe this is done by sharing a little and this sharing actually increases any existing holdings. So speculate to accumulate, but speculate on good things for you and yours and everyone else.
So in short I believe this increase in price should lead to expansion as much as it does to early adopters financial freedom.
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Yes as one who is well past the 50% (expected) age point in life I am thinking much more in how the wealth is used.
For instance I took advantage of the high price and cashed out a little to help my son get his car (project) progressing again.
I did this even though I expect the value/price to be 10 or more times in a year or few.[quote=âdirvine, post:1701, topic:9923â]
itâs more about early adopters becoming financially free to live and importantly to spread the whole eco system much further into mainstream. I believe this is done by sharing a little and this sharing actually increases any existing holdings.
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This has been on mind lately and you have expressed it quite well.
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Absolutely! Crypto is a revolution, not an investment.
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Yeah, but you only cashed out exactly what you needed, you still hold the rest right? Thatâs my point, not that weâll all just hodl forever. Itâs that many of us now settle into BTC, not into fiat. We still have to spend some fiat ofc.
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Whyâs that? Not sure of the rules elsewhere, but in the UK every individual can take out ÂŁ11k worth of capital gains tax free. Guessing other countries have similar thresholds for capita gains⌠or if youâre in Switzerland you can get away with zero capital gains tax I believe
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All excellent points @SwissPrivateBanker . Not sure how much $$ you are talking here but anyone that has made a pantload of cash million + with any crypto and wants to move into conventional banking would be wise to have an Attorney or Accountant CPA or their Firm make the banking intros. This gives the client instant recognition and a buffer. You may introduce 5 guys to a bank and if just one is a bad apple, your rep is toast. But you introduce 5 guys to an accounting firm, their DD will dictate, and they will make the banking intros, your rep intact.
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I agree totally @dirvine . I think everyone here despise fiat.
My dream is to become a painter and finish my SF book. I work hard so I never have the time.
Cashing out means living off revenue generating assets, and offering yourself freedom for your projects.
40% apartments that I rent on airbnb
30% bonds
10% quality dividend stocks
5% gold
5% art
10% private equity deals or projects that I fancy (can be crypto related or anything really)
thatâs my end goal. then I can help others, and sustain my family across generations.
Everyone has a dream. But I canât understand how anyoneâs dream could be to become a crypto king hodler. Thatâs just a mean for something else.
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In Australia I think its $10K if there is no more gains to be made by that investment. If there is more to be made then they will treat it differently or on a case by vase basis.
In any case there is no capital gains until you cash out more than you put in. In Australia they donât want to know you till you make $10K on top of what you put in.
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Of course!
Iâm in the US and to be honest I have not looked at it closely because I have as yet never converted to fiat. Itâs been a recent thought. I share many opinions here about staying in crypto so itâs not something that is of huge importance. I guess I started this conversation just wondering how people who have made significant gains spend it in the old world âmost wiselyâ
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Invest it in more projects that you think could do some good, like David said
Thatâs it in a nutshell for me. If you have more money then you have more power to support more positive change.
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