1. Make sure you have enough savings to cover a draw down (the idea being that over a long period of time, your savings purchasing power is greater than the last bear and you've stacked more says during that time)
2. If you're on a bitcoin standard for a long enough time, you will have more "gains" than "losses" in fiat terms
3. You can use bear "losses" to offset gains in the future!
I see, that makes sense. With something like Strike bill pay, your bills effectively get cheaper as Bitcoin's price rises. But during a bear market, when the price goes down, I initially thought that meant my bills would get more expensive that month. In reality, gains from the bull market should outweigh losses from the bear if you're thinking long-term. Bitcoin is a long game.
If you wanna think about more conservatively, measure from bear market lows!
100% I figured we need enough for at least an 80% drawdown. We also live below our monthly income, so we should be good on that end. Unless there's something major. We have long term credit lines that we could do minimum payments til it runs back up.
Income > expenses is definitely key, especially in drawdowns
