‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?

A 47-year-old investor’s declaration that every paycheck “takes a detour through bitcoin” — and that he will “never sell” — is less a market signal than a window into how some retail participants now treat the asset: as a long-horizon savings vehicle rather than a trade. The approach echoes dollar-cost averaging, where fixed contributions are made regardless of price, though concentrating an entire income stream in one volatile asset goes well beyond a conventional averaging plan.

The relevance lies in behavior, not prediction. Persistent buying can add steady demand, but an unwavering “never sell” stance removes the exit discipline that normally manages risk. Bitcoin’s history includes drawdowns exceeding 70%, and a portfolio with no other holdings has no buffer against them.

What to watch: whether this reflects a broader pattern of retail accumulation through exchange inflows and wallet data, and how such conviction holds up in a prolonged downturn. For observers, the takeaway is structural — conviction cuts both ways when it replaces diversification.