How Do I Actually Use My Bitcoin Gains for Retirement and Legacy Without Selling?
I’m a college student who’s been dollar-cost averaging (DCA) into BTC for the past year using money from my part-time job. I’ve been stacking sats consistently, and now that I’m about to start a full-time job, I’ve allocated a portion of my salary to keep buying BTC weekly. My goal is to accumulate as much Bitcoin as possible for retirement and to pass it on to future generations as a legacy. I’m super bullish on BTC long-term, but I’m struggling to wrap my head around how I’ll actually use this wealth in the future. I get that the more BTC I hold, the greater my net worth on paper, but I’m confused about realizing those gains. I’ve heard Michael Saylor talk about “never selling,” which resonates with me, but how does that work practically? Here are my main questions: • Is borrowing against my BTC (like using it as collateral for loans) the main way to access its value without selling? How does that work, and what are the risks? • Will I eventually have to sell some BTC to use the money, or is the idea to hold until global adoption makes BTC a common currency for everyday purchases? • For those planning to use BTC for retirement or generational wealth, how are you thinking about accessing its value decades from now? I’d love to hear your thoughts, experiences, or any resources you recommend to understand this better. Thanks! submitted by /u/tellyastorywalkin [link] [comments]
I’m a college student who’s been dollar-cost averaging (DCA) into BTC for the past year using money from my part-time job. I’ve been stacking sats consistently, and now that I’m about to start a full-time job, I’ve allocated a portion of my salary to keep buying BTC weekly. My goal is to accumulate as much Bitcoin as possible for retirement and to pass it on to future generations as a legacy. I’m super bullish on BTC long-term, but I’m struggling to wrap my head around how I’ll actually use this wealth in the future. I get that the more BTC I hold, the greater my net worth on paper, but I’m confused about realizing those gains. I’ve heard Michael Saylor talk about “never selling,” which resonates with me, but how does that work practically?
Here are my main questions: • Is borrowing against my BTC (like using it as collateral for loans) the main way to access its value without selling? How does that work, and what are the risks?
• Will I eventually have to sell some BTC to use the money, or is the idea to hold until global adoption makes BTC a common currency for everyday purchases?
• For those planning to use BTC for retirement or generational wealth, how are you thinking about accessing its value decades from now?
I’d love to hear your thoughts, experiences, or any resources you recommend to understand this better. Thanks!
[link] [comments]
