My blanket, life-changing #bitcoin advice for all:
Stack sats…
With veracity…
And humility (h/t nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx)…
Regardless of price…
For at least ten years…
And you will do well.
Discussion
Here is my 10 sats 👇🏽
HODL #Bitcoin
It’s really amazing what a decent hard working plan can accomplish in 2 cycles. Thanks you and happy new year 🙏
Pleb too :)
Couldn't agree more. I'm no wizard like yourself, but I just published my first (very, very basic model) to help convince myself that stacking $1 per hour, 24/7, 365 over the next 20 years will be worth it. Would love any and all feedback.
https://primal.net/e/note17p624c4clyl9q9hq2kgw7y4p2c7r3hvuh064khrw8sda22h4p5ls64k0qc
Very well said! Only thing I may add is thinking of #bitcoin and sats as your unit of account instead of dollars. Escape fiat and embrace the Bitcoin standard as you build a stack
Thanks for the advice Doc! Hey, what if you've already got a healthy stack for the mid/long-term and want to cover the short-term by stacking MSTR shares (BTC proxy) and selling covered-calls (Wheel strategy) as an income generator until your BTC stack is "Fat F.I.R.E." level?
I like it.
I add a portion of naked puts on the front end to 🚀short term income
Hey, Thanks Cam! Can you give me some more details? Which expiry do you ise? 1-2 weeks? 30 days? Also, how far away (Delta) from the strike are you selling the Puts? I don't have enough $$$ to afford assignment (unless one of my covered calls close ITM, but I usually close the trade before that happens!), so would be interested to know what trades you've got cook'n.
If you have enough to buy the stock you can write naked puts instead and generate pretty ridiculous premiums.
I do like the covered calls on owning MSTR you’re using as you capture the upside on stock price.
Close to the money puts are producing 4-5% for 7-9 day contracts.
Or 30 day expiries 1 standard deviation below (so 70% chance roughly stock doesn’t get assigned you could go 2 SD to make it 97% chance it doesn’t and it still pays nicely) is making 8%…pretty insane.
It’s all just fiat mining on derivative volatility but it’s underlined by a levered play on the worlds best performing asset, so what the hell right?!
Thanks Cam, yes indeed - this would be a part of the Wheel Strategy I will try: sell a covered call, if the strike hits and I'm assigned to sell my contract, I will immediately sell a put below the current strike, collect the premium and wait to be assigned if/when my contract closes ITM....rinse, repeat. I need to fine-tune the optimal expiry & deltas for both calls & puts. Thanks again.
30 days utilizes maximum theta (time decay)
Solid advice
Trying to stay with this long term thinking. Feels true in my gut.
Aye Aye Captain... 6 years left, bull/bear markets? DGAF. Focusing on time, not the journey.