You wake up tomorrow and #bitcoin is at $20,000.
What you doing?
Discussion
I buy more Sats. And maybe stop spending it until it goes up again.
NGMI. Doesn't matter what the fiat price is. Spending is spending. Doesn't matter what it's denominated in. The price is irrelevant to the spending of 🌽.
Well, it matters a bit. You spend more corn on things.
Measure the world in sats not fiat. It makes a lot more sense when you don't have any fiat. Spending is spending. A drop in fiat price is temporarily unfortunate for your net wealth measured in fiat and you have to spend more corn nominall. But this is only temporary and if you're all in, it didn't matter. This is why your time preference decreases holding corn. You should always be considering spending in terms of time, labor, energy, 🌽. Not fiat.
I'm all in for that since 2 years. Earning, spending in BTC. But the thing is, prices of things go up, when fiat price of Bitcoin falls, because they're still priced in fiat. If we lived in a world, where one pair of sneakers costed 200K Sats, no matter what, than it wouldn't really matter.
🙏🌅BTFD by any means necessary.
Selling the house, car, and kids toys for more sats duh 😒
Panic, take a deep breath, look around, see what I need. Maybe stack.
Finally reaching my goal