Plebs must avoid converting back to dollars at all costs in my opinion.

I worry about a situation where the government secretly starts printing money to buy Bitcoin and some plebs start to see crazy numbers like 1M USD+ and let their coins go to the government.

When you get on a lifeboat from the titanic, you want to make sure not to hop back on right as it’s taking it’s final plunge down.

Reply to this note

Please Login to reply.

Discussion

Everyone is different. Depending on how things go, I have some earmarked to pay off debt

I’ll clarify - everyone likely needs a USD cash balance to service short term needs and potentially even buy cheaper Bitcoin

My point was that I hope people focus on increasing their wealth denominated in sats, and don’t INCREASE fiat holdings when Bitcoin gets more expensive.

Agree