Replying to Avatar jack mallers

I have a negative fiat net worth, get paid in bitcoin, save in bitcoin, pay bills, and never have to sell bitcoin or incur a taxable event with my bitcoin-backed loans.

I live my life on bitcoin and my life gets half off every 1-2 years on average (1.44 years with 50% BTC CAGR to be exact).

Might need to make a video tutorial on this if people don't get it. It is magical.
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Jamie 4mo ago 💬 2

I don't understand this! If you keep buying bitcoin and increasing your loan then won't you eventually have to pay your loan back and won't this happen at the worst time? I'm thinking that the this could hurt if someone can't afford a big drop in price.

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jack mallers 4mo ago

yes, I can’t speak for other people’s risk management, only my own.

i only borrow against a small percentage of my stack and i refinance the loans so im never paying back the principle by having to sell BTC or anything

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deliberate 4mo ago

This is genius ðŸ§