I just feel that the idea of "never selling" is mis understood. You should never sell the best appreciating asset in your portfolio. 8 out of 10 times Bitcoin is the fastest appreciating asset. But what about the other 2 times? If you don't already have massive cash flow, if you don't have a business built, are you telling me your going to hold onto that loss for 18 months before it starts to appreciate again? Well your only going to get roughly 25% a year. Which is great if you got boatloads. But most of us don't have that. So be smart and put your value in the fastest horse always. And bitcoin will have down turns where it's not the fastest horse.

Capital is meant to be used for more capital. It can't do that in a down turn. I personally like the idea of 5x my capital in 4 years vs 2x my capital in the same time frame..

Reply to this note

Please Login to reply.

Discussion

OK so the golden question is, apart from holding bitcoin where do you suggest?

Anything in shitcoin casino involves custodianism

Anything in defi involves smart contract failure hack syphons

All of that incurs potential impermanent loss, total loss.

Yeah no I am not suggesting the shitcoin casino. You'll get wreaked because it's always a race to see who gets out first.

Basically I'm a contractor and if bitcoin is not performing how I want I can invest in flipping houses or maybe buying and selling land.

But will that land appreciate faster than bitcoin? Somtimes it does. Sometimes it doesn't.

The idea is you find the best preforming asset ( that you understand) and dump your money into it.

But when bitcoin is at 150 -200k it will likely have a down turn l, because the cost of production will be like 44k who in their right mind is buying bitcoin off the retail market when it's 5x the cost of production?

In my opinion people shouldn't be so attached to their capital that they are unwilling to put it in an appreciating asset class that isn't bitcoin.

Yeah I hear you brother, gotta do what feels right for you.

I'm in real estate, when the interest rates were low it was great, now you're better off in the bank with zero hassle imo

Word. This is just a new strategy I'm thinking about. How to capitalize the most on your oppertunity cost.