Speaking as a small-time "old money" person (wearing my "I remember when a Bitcoin only cost a nickel" T-shirt), I think you're wrong.
If you've got a lot of bitcoins, then it is dumb to sell them all at once. You drive the price down and end up with either a huge capital gains tax bill that you have to pay or a huge potential problem if the IRS audits you and asks you where you got the $50,000 that suddenly appeared in your bank account.
Much better to sell slowly over time.
And even better to just use your bitcoin wealth to purchase things that you can buy with bitcoin, so you avoid exchange and wire transfer fees. More bitcoin trade helps make your remaining bitcoins more valuable, too...
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Speaking as a small-time "old money" person (wearing my "I remember when a Bitcoin only cost a nickel" T-shirt), I think you're wrong. If you've got a lot of bitcoins, then it is dumb to sell them all at once. You drive the price down and end up with either a huge capital gains tax bill that you have to pay or a huge potential problem if the IRS audits you and asks you where you got the $50,000 that suddenly appeared in your bank account. Much better to sell slowly over time. And even better to just use your bitcoin wealth to purchase things that you can buy with bitcoin, so you avoid exchange and wire transfer fees. More bitcoin trade helps make your remaining bitcoins more valuable, too...