Can't hodl Bitcoin when the economy is declining, if you bought it on credit or just got margin-called in a different asset class.
The Great Unwind is slowly approaching.
Deflation is coming.
nostr:note1v5n5x2udwexs0pskwanjkwmndfwxj2m9vy3fxctvs88gdn9dt7uqzyfa09
Bitcoin + robust cash flow + some degree of self-sufficiency + skills always in need.
The hard truth many Bitcoiners ignore: Bitcoin alone wonβt save you.
Itβs a huge piece of the puzzle though.
It's your Bitcoin... if you can keep it.
Never give up the private keys to your freedom.
buy bitcoin only from savings
taking on debt short term during the last year wasn't risky but it will get risky now if you aren't solvent again
This is true. The staying humble part will be a hard lesson for many. No leverage
I'm so glad I made the decision to cashflow my Bitcoin. To each their own, I just value not stressing over leverage. Cashflow, hodl, and chill has been a winning strategy for me, even if it is less sexy. I guess it's like investing in water or something boring to some people out there. Sadly, many will get rekt in the coming years.
Yeah, DCA over cashflow and chill. π€πΌ
DCA can be done with or without credit. When I say cashflow I mean paying up front for any I buy using excess cash from my income sources. How you choose to make buys is a separate issue from whether or not you use credit.
Not really, as buying in regular intervals is typical for someone paying from cashflow, rather than taking out a large credit for a lump sum.
American tax law is fucked so I gave up on trying to keep up with DCA accounting, unfortunately. It's been easier for me to do large buys once a month. Hopefully things change, but we seem to make all the worst decisions before we do the right thing.
Once a month is DCA. I also do monthly.
saylor buying using loadn n debt
