I convert 100% of my pay to bitcoin then just sell enough to cover my bills at the end of the month. Over the last 12 months this allowed me to achieve an 80% savings rate. I like supporting the companies that are building the products that make it easier to live on bitcoin. I have taken a small loan with Strike to buy more bitcoin. Rate is 12% and i added the bitcoin I bought yo the loan collateral and i can cope with an 80% price drop. As long as you don’t get greedy and you can survive an historic level price drop without getting rekt then i see no issue with borrowing against bitcoin collateral. In fact i think it helps speed up the demise of fiat.
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At the end of the day, I don't really care about short-term price movements. Smart players focus on market capitalization and on building their position within the new system — to gain leverage and increase borrowing capacity.
As I said, it all depends on each person’s circumstances. Personally, I truly need to take this approach. But if you’re not under financial pressure, then it’s probably better to play it safe and treat Bitcoin as just one asset in your investment portfolio. As for me, I’m all in — living off it — so this is what makes sense for me.
Do either of you have any further thoughts or feedback on the perspective I’ve shared ?
Discussion
nostr:nprofile1qqsgu5nkemv378tnf2ar304r3fagyd2w8wp697hulpve9p5uwqykynspgdmhxw309amxxemrvanxz6ng09sk5vmjd45rvvmkxa5ky7tgx4exkamvxakxsaphwgexvvnjv9nnxur2vg6x7mt9wdek2afhv9jzummwd9hkuqgvwaehxw309a38yc3wd9hsk9lc7q Well, good for you that you're applying this strategy quite well and with a certain level of control. I believe we need more people with this kind of mindset to help accelerate the collapse of fiat and strengthen the Bitcoin network. Of course, there's no absolute right or wrong when it comes to investing, but since I'm following a similar strategy, I fully support you.