From HODL to SODL: The economics of parting with your BTC.

Ticker

1 BTC = $38340.33 USD  (via Coinbase)
1 ETH = $2261.60 USD  (via Coinbase)
1 LTC = $133.34 USD  (via Coinbase)
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The recent post by /u/jratcliff63367, who sold off half his BTC, should help folks understand the economics of how stashed BTC are going to work their way out of cold storage and into the marketplace sooner than most realize.

Time and life get in the way.

Here are some life events that many BTC owners will go through within the next few years to create BTC economic liquidations. This goes for even the most patient and frugal out there.

Living the Dream:

-College. Whether for themselves or a loved one.

-Debt free. Can't really fault someone for selling out if they're up in their eyeballs in credit cards, mortgages, auto loans. Set yourself free from "the man".

-Blingers. Some folks have wealth… and they want the rest of the world to know it!

Unexpected bad things happen:

-Divorce. If your spouse knows you hold BTC, you bet your ass they're legally coming after their half. SODL!

-Medical. Hey, shit happens. Either to yourself or a loved one. SODL!

-Drugs. If anyone has ever dealt with friends or family with addiction issues, you know first hand that drugs and hodling are mutually exclusive. SODL!

-Unemployment. Are you really going to eat ramen noodles for six months while hunting for a new job? SODL!

Please add anymore you can think of!

submitted by /u/DoubleUglyWhisperer
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $38340.33 USD  (via Coinbase)
1 ETH = $2261.60 USD  (via Coinbase)
1 LTC = $133.34 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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