Subnostr

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I’m so bored with #bitcoin price predictions (including my own) in fiat terms.

They are all just guesses based on (unpredictable) fiat liquidity waves.

Just stack sats and go on with your life.

The price will take of itself over time.

Done properly, life will get cheaper and quality will improve the longer you live on a Bitcoin standard.

That is all.

curt finch 1y ago

i DCA

however I also create larger by orders at predicted support levels, currently 91k and 69k

I get interest on those buy orders even if they never trigger on a river

https://river.com/signup?r=PZ5DAOQ2

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Discussion

Bryan 1y ago

69k is top tier support level. 🫡👍

curt finch 1y ago

gojiberra 1y ago

this sounds like the Buffet strategy of selling put options, so he gets to earn a premium on his cash in exchange for the promise of buying the asset if it drops to a target value.

I wonder if the 5 % River interest matches what a put option premium would look like on a Bitcoin ETF, if there is such a thing

curt finch 1y ago

it is 3.8% but the interest is in bitcoins so eventually it turns into 38% I think

I had not thought of selling puts like that that's a cool idea