The most taboo topic in all of Bitcoin is trying to increase your stack via investment.
Discussion
It’s taboo for good fucking reason
The whole point of bitcoin is it's the best savings technology ever (aka money) and not an investment.
I totally understand the bitcoiners with ultra high net worths helping the bitcoin economy by investing in vehicules like Ten31, but until one reaches UHNW status, just save 100% in bitcoin.
Outsized risk to return to be able to outperform #Bitcoin gains imo
Why take oversized risk when you can take zero risk and stack sats...
Because hardly anything legitimate has a 50% average annual return.
Probably because people don't realize that benefitting from being early isn't going to last forever. At some point, stacking sats won't be enough. The sats will need to come from somewhere and the average pleb job won't lead to as much wealth as right now.
But I also think there is a difference between investing in a solid business vs fiat bullshit.
Via investment in fiat instruments, sure.
Investing in or running real, productive, bitcoin-standard companies in order to grow a Bitcoin stack is pretty risky, but not nearly as bad as trying to win cantillionaire lottery in stocks.
This is the only way that works. I had to invest time in my job to earn sats. No one gave them to me for free. The same principle applies to investing funds in a business or starting one.
The fiat bullshit some people call investing (where no real value is added) is the problem.
One of my core investing practices is when I have a stock that sucks and doesn't come back, I sell for bitcoin to get my losses back lol. For real though. In my tax sheltered retirement accounts I'll buy a btc etf to recoup losses. So far it's working.
Yeah I am still trying to wrap my head around what this looks like in practice. Now or in the zero fiat future.
Staying humble is one thing but never forget to stay honorable.
Honestly I wouldn't be surprised if that can be reserved for shitcoins, from risk, to straight up gambling.
I do have one issue and that is retards that will want to worship Bitcoin.
It creates a possible problem for society during to growth phase of bitcoin. The smartest of people know bitcoin gives the best returns so they won't invest in the traditional sense.
The early adopters who are rich on bitcoin will do some patron work on things they want but not true investing in the strictly financial gain sense.
That means only idiots are investing. If investors drive what gets built, that means mostly stupid shit picked by idiots gets built.
If stupid shit picked by idiots and passion projects of the ultra wealthy hodlers aren't enough to keep society moving forward it stalls.
All of that will go away once everyone is onboard and the ARR of bitcoin against steak and eggs drops. Then financial gains based investment of bitcoin starts to make more sense again because your chances of turning a sats profit go way up.
Some people need risk in their lives.
If you've found something that works and isn't some form of rent-seeking, let me know. I've found that it's like trying to outrun Eliud Kipchoge. Even if you're successful, it's usually not for very long and requires amazing timing.
My explorations land on clean transitions from landlord to Bitcoin holder. Those who will transition wealth to hold their wealth in Bitcoin likely have some form or landlord role. What’s that transition look like optimized with the end result letting the wealth own the bitcoin and the tenant own the house and some Bitcoin. This is my quest at the moment.
Bitcoin is setting the floor. If everything will eventually be repriced in bitcoin (nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe) and its demonetizing other long term stores of value (gold, bonds, real estate) then the old models of investing and just beating the S&P are insufficient.
If you want to invest in something, the new floor is Bitcoin. You must outperform Bitcoin over your investment time horizon.
As bitcoin scales from 1-10 Trillion this is tricky and not worth it for most, but some will benefit. That’s the nature of markets.
Bitcoin has always been an IQ test. Just like Covid.