Replying to Avatar TheBitcoinManual

Same here, work and live in fiat, and I keep a buffer of fiat for expenses, while my corn is my savings, retirement, emergency fund, medical fund and I hope I don't need to tap into it anytime soon, but glad that I have the option

I don't see the point of relying on my fiat pension stuff, that's all going to zero before I reach retirement age, so I consider it 0 already. So the corn kinda puts me at ease mentally, because I worried about it a lot

I don't mind the grind, I am happy to work, I enjoy it, I just want to know that its all for something in the end, when I look at my peers consuming today getting the nice car, the glam vacay I don't feel bad anymore, I want to have more options than 2 weeks off and working until im 65 or longer

I guess the tapping into the capital is the hard part now because the opportunity cost is so high, you forgo those future gains and pay today's taxes on it.
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Mindaugas 1y ago

I don't keep any fiat at all. Not even for the daily expense. Anytime I earn any fiat, I convert it into bitcoin at once not even looking at the charts.

When I am spending, if BTC is up from my last purchase - I spend that. If it is down - I spend the BTC that I bought at 20k. That one is still up 😁.

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SovereigntyQuest 1y ago

I have no on/off ramp. An issue I hope won't matter when BTC is more widely accepted.

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Mindaugas 1y ago

In El Salvador no need to offramp, in Europe there are crypto.com and safepal Visa cards (check if they supply your tx data to your tax authorities), in Lithuania you can buy/sell for cash at skelbiu.lt . The rest of the world - don't know.

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SovereigntyQuest 1y ago

🫡

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SovereigntyQuest 1y ago

If you ever go to HK there's "One Satoshi" which trades cash over the counter. Not sure how long that will continue but for now a solid service. No KYC if under I think 120k HK$.