“If #Bitcoin fails as a medium of exchange It will fail as a reserve of value just like gold”.
Why do we still worry about measuring Bitcoin in US$ as this is the opposite of the free market. And free market are deflationary. Fiat markets are inflationary.
Jeff booth
It's SO HARD to not measure #Bitcoin in US$ if you have grown up with US$ system (brainwashed).
I'm 8 years into this and I'm almost living a Bitcoin standard. I still have to pay taxes and some bills in US$ but it's almost to the point I'm paying everything with Bitcoin. I have some money stuck in IRAs - worst mistake I ever made funding IRAs/401ks.
But if everything holds together another few years it will all be converted BECAUSE measuring wealth in US$ has become odd for me - stupid actually.
If you can make it through a couple cycles DCAing DAILY (enough to make a difference in your life) your Bitcoin wealth will be so much bigger than your fiat, even a 70% draw down won't matter. Keep stacking SATS daily, move to cold storage every few grand, HODL 10+ years. Enjoy the ride.
Waoh! Congratulations for the 8 years. Indeed hard to measure in Bitcoin but worth the efforts and the fight 🙏.
