Accumulate BTC in Trading (not Fiat)
Had a realization today as I slowly wrap my head around pricing things in Bitcoin, a scarce and hard (backed by energy production) digital asset, and that is that I should be trading to increase my BTC only.
Previously I had some USDT which I use to buy BTC (low) and sell it as it goes higher but I then have invested in USDT which is pegged to a inflating fiat currency (the opposite of a deflationary proof of work and decentralized money) but then I'm accumulating a shitty fiat currency when I could be accumulating more BTC which will (should) increase in value over (enough) time.
So, one change I may make to my trading is to put all my USDT into BTC and start trading to accumulate BTC which would look like sell (into USDT briefly) BTC high and rebuy it lower effectively increasing my BTC total slowly but surely.
This has the added bonus of reducing my exposure to USDT which has had some issues with proof of reserves in the past although this topic is debated. Anyhow the point is it still tracks an inflating fiat currency.
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