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When I onboard a new bitcoiner, and they ask what I think the price is going to do:

If they just bought, I tell them it’s going to dump immediately after. Then if they try to sell some, it’s going to pump immediately after.

I tell them to expect it to do the exact opposite of what they want, when they want, so stop thinking about the price, because what you are doing is owning an irrevocable part of our future, global monetary system. Measure your worth in sats and stop wishing for more poverty points.

... 1y ago

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Hi,

As a relative #newbie and often reading this 'never sell your #bitcoin ' or 1 bitcoin = 1 bitcoin, I have a #question or maybe more a say and hope for some words back on what you mean with never selling or ‘think only in sats’?

Because life goes, it just happens and we don't really know how much time we'll have to walk this earth. I imagine we all make effort to make it a good one, to live free (some more that others). So when I read online this #neversell, I do hope for some clarification please. Because we need to spend money for the basics, have unforeseen bills and I find it somewhat misleading if people do this but are posting ‘never sell’, right? Maybe put in fine print, ‘never sell more that you need’.

I do believe I get the point of don’t sell, hold it! For it’s does not mean we are trying to get rich #hodling. We’re making sure we don’t get pushed into poverty and submission with all this fiat scamming.

So unless one is a OG and hodled on in the beginning, they probably can now have it all in btc and use lightning or have some app/bank-card that converts directly when buying something without caring about the btc price. I’m happy for you.

For others whom have/earn little fiat, to spend in this way while dca’ing into btc, would be a dumb move, right?! And it would be stupid for them to go all-in into bitcoin, specially when the bears are out.

So... how am I doing it according to the ones posting ‘never sell your bitcoin’ ? Can I do better and if so, how?

I'm picture #hodling as much as it goes and when is needed to chip away a bit when spending money is running low. Try to #dca in a way that the #fiat only starts running out once the btc invest is in the fiat-profit. And if there are plans to make any big purchases, to do this when the bull market is in full swing.

So I, for now, see it as a savings and hold it while mass adoption happens slowly or fast. How bitcoin will be used in the future, I am curious and will hodl. Weather I’m still alive to see this, who knows right?

Thank you to all the bitcoiners for the tweets/posts and education over the past years to make my believe in bitcoin stronger and stronger.

Blessed day🙏

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Discussion

Guy Swann 1y ago

It’s really simple actually:

• live below your means

• put all of the extra into #Bitcoin

• get out of the mindset that you are selling a profitable investment, it is better money. Don’t sell good money for shit money ever.

• nothing about the above means never use it for bettering your life, and of course you’ll likely need the dollar network to use it. But you aren’t “selling BTC for dollars,” you are using the dollar network so you can use a portion of your real money to get a home for your family, clear out high burden debts, etc

• it doesn’t mean never touch your BTC, it means measure your wealth in BTC and do everything you can to always grow your sats balance, 10x more so during the monetization phase where value returns are massive.

• If you can defer a cost that isn’t important for a few years. Do it wherever you can.