not popular advice but important: be careful not to overextend yourself in #Bitcoin
you never want to be a forced seller
not popular advice but important: be careful not to overextend yourself in #Bitcoin
you never want to be a forced seller
🤔🧡🤙🤜
Wise advice.
👆 Stay solvent out there
I think about this constantly. Never sell but loan maybe. Except the real price of capital is steep so it better be a good reason.
Stay humble, stack sats.
I have been a forced seller twice and a reluctant seller more often than I would like to admit. To avoid this situation, be debt free, do not encumber your coin, have multiple fiat income sources, live well below your means, and replace any lost income quickly. Living well below your means requires active cooperation and support of your family if you have one.
Ideally but bitcoin is a life raft and you’re better off having it when you need a force sell than not. At least it’s liquid. Trick is to ‘force sell’ old ones,. Don’t buy if you can’t hold for 4+ years.
We just put our house under contract so we could buy another one at 40% of our current home’s value. Bullet proofing the stack before the balloons start popping. Feels good man.