Replying to Avatar boston wine

Ouch. It does. I’m not sure exactly where the right balance is - in terms of keeping some fiat cash on hand for unexpected/costly emergencies - in the short term. Because keeping all your money in bitcoin could mean that you end up spending too much of the bitcoin, if you have to spend on something big during a dip
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paulo 1y ago

You need to have a moat of fiat and other assets (if possible) to protect your sats (as dirty as this may sound).

I would not advise anyone to go all in and/or all at once. When someone is still learning and getting used to the volatility, that’s a recipe for disaster.

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paulo 1y ago

This is exactly what I mean 👇

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boston wine 1y ago

Exactly.

Some people say “only invest what you can afford to lose” which I think is nonsense because it suggests Bitcoin could go to zero or something.

I prefer:

Only stack the amount that you won’t need to *spend* in the short to medium term.

The exception of course is if your stack is just so ridiculously massive (like 2009-10 massive) that the volatility is a non-issue 🙃