I like to stack bitcoin, and to a lesser extent stack stocks and gold and real estate.
However, I am careful about dollars due to their centralization and tendency to lose value. The tokenomics for dollars just aren’t attractive. To the extent that I am long dollars for various liquidity needs, I am also short dollars to a similar amount through mortgages and so forth, so that I have zero net exposure to such a risky asset.
You got me at "I like to stack Bitcoin."
You’ve developed and grown in the last few years, Lyn. I have to. #Bitcoin changes you.
If you think dollars are risky, Bitcoin is approaching its ATH really fast in moose shekels terms I’m a little uneasy NGL !! 
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is a mortgage really a dollar short ? i mean if you can get a 3% loan in Egypt that is definitely a short against the currency there as it will certainly drop more than 3% ...
but if you're getting a 5% loan in US ?
Most people have a sub 3.5% a tremendous amount of people refinanced during the covid interest rate lows. Myself included, I was lucky enough to have bought a house prior to 2020. I know some people that chose to pay their whole morgtage off right at the start of 2020. They lost out on enormous market gains that the money would have been in had they not made the decision to essentially have a free short against the dollar while participating in all the upside of the dollar getting debased.
100% only dollars I hold are exact amount of dollars monthly bills and expenses, every thing else is in Bitcoin with a small amount in equities, something with conservative growth in case I need emergency funds!
selling that stuff before I touch my Bitcoin
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a will you be my valentine? 💘
I do my best to stock as much as I can. Sometimes I though it's not Enoughbut I do my best to keep the Bitcoin line set.
Basically no bond exposure yeah? If any, short T-bills
Smart. The dollar is a depreciating asset. Best not to stack those
gotta love a lyn alden objective dump on the dollar 😎
I'd say most Americans are extremely net negative dollars if you put it that way... No one is keeping dollars on hand that match their debt exposure. Is that what you mean when you say zero net exposure to dollars?
It’s like you said, dollars are the only true speculative part of your portfolio if/when you hold them for any period of time.
#counterpartyrisk #TheGreatTaking
As I don't have a mortgage and I am not excited about buying property in the aussie bubble I feel I am super long fiat currency (AUD in my case). I can't afford not having a few months of the country official shitcoin and I don't have any debt to offset the long position.
I respect you Lyn
Dollars when you need them, Bitcoin when you earn it.
Smart move. I’d like to think I’m positioned similarly, between medical school debt and a mortgage, but my income is denominated on these pesky dollars which kind of makes me long the dollar…but I ditch them as rapidly as is reasonable.
"wall st want CENTRALIZATION" that's what Gensler said on tv
There is no better shitcoin that allows for better periodic buys of bitcoin in the future than the US dollar. USD is better than 15000+ cryptos and allows for occasional better stacks of btc after any pullbacks. All other shitcoins like cryptos, stocks, bonds arent as reliable.
What percentage gold?
"Bitcoin - Gotta stack 'Em all!" 😂
Be like Lyn✌️
This is the way, need to hedge out that debasement risk.
Maybe I am not understanding, but if you have $100k set aside for consumption over the next year (ie, liquidity needs), are you saying it is prudent to take out a $100k mortgage to hedge against monetary inflation?
Current mortgage rates are 6-7%. 6 month CDs (ie, where you might park your savings) is paying about half that in the US.
Do you really think the risk of short term monetary inflation is worth the delta (ie, around 3%), and then that real estate is a good hedge (after fees associated with the mortgage, etc)?
What am I missing?
Stonks.
Thank you for this note. I've been concerned with the allocation I have towards dollars for the same reasons you listed but haven't taken into account my short positions on dollars. Appreciate you and your thoughts! 🤙
Own capital? How much? Curious.
we like the orange coin
Well played.
nostr:note10fcserx8q2v2sq6aw0akscdvfgynnurcyvq50salgjgl4ldafceqnvdl6q
