Subnostr

I like it except "as the price of bitcoin increases over these next few years, start cashing out".

Never cash out instead spend some Bitcoin and buy yourself something nice but keep adding to your stack every month. Eventually your net worth will only increase even if you're spending Bitcoin. Just my 2 sats.

Jor 1y ago

Sorry I didn’t word it very well.

I meant “cash out” of the legacy system. Start selling the bitcoin ETFs, MSRT, and other shares related to bitcoin.

It should be done slowly over a few years so the tax implications are reduced.

And yes I fully agree with you. Bitcoin should never be “sold”

Accumulate, earn bitcoin, and spend if necessary.

The end goal of this strategy should be fully removed from the old system and living on a bitcoin standard.

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Discussion

Sleventy3 1y ago

This is the way. Im forced to own an RRSP for reasons.

I aim to take out as much every year that tax sense makes. I will use some to live on and buy more bitcoin too.