Hey guys, I've decided to ask you - what whould you do in this problemmatic situation?
Suppose you have some bitcoins (let's say 22) and you bought them got them a few years ago very cheap, and now you see it's price and.... what to do?!! Will you take the profit and go away, or sit and hold further? Suppose you're not going to buy more. But when to sell?
That is already 22M in Philippine Peso, so that is already a good profit for me and that is enough to set me for life. I do not have big expenses and have a stable job, so I can cash out and enjoy life with that amount.
It is different for people living in another country. Those who have high cost of living, 22 bitcoin at current price is not yet enough.
So the short answer, is it depends on your cost of living, you can have 22 M but spend 1 M a month then it is not enough. You can have 440K but spend 1K a month, then it is more than enough.