Just wanted to share my BTC journey and my reasons for pausing
Back in July I bought 2800$ in bitcoin that was being put aside for tax time. My reasoning for that was to hedge $CAD inflation and maybe make a little extra. Since then its been sitting with 100$ thrown in here and there and today I make the regrettable but responsible decision to sell at 80% profit totalling 6500$. I hate selling as I know BTC is only going up in price but I will be able to pay the remaining 3200$ I owe on a 27% APR car loan.
No more stress about a 200$ bi weekly car payment means I can allocate the 200$ into buying more bitcoin and with time my BTC reserve will sit above 6000$+, hedge CAD$ devaluation with no pressure to sell it. Thank you for reading. Taking profit is good and all but It cannot be enjoyed if I owe that amount with a 27% interest rate.
Bonus is my credit score will be looking snazzy!
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