Replying to unknown

You’re right. It’s just something I’m thinking about but I also need to be aware that my own risk appetite is high and I probably need to curb it. I put it out there to get opinions and I get the feeling opinion is that it’s risky.
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CosmicBanya 11mo ago

It is definitely a real risk. My view is that the upside for bitcoin is already so great that I’d rather not risk that.

I see btc as the best store of value with minimal counter party risk compared to traditional assets. So I believe some of monetary premium (store of value) function in the traditional assets will make it’s way to btc.

If you even think that btc will eat 5T from gold, RE, bonds, equities, and money. Leaving out art as I think some people just like art (just my opinion)..

That would make a 27tn btc = 1.2mm a coin. This is a pretty conservative estimate of how much monetary premium btc will eat.

I don’t know the timeline on this.. but since I believe btc is the best store of value. As a result, i believe it’s inevitable.

What is your view/opinion on where the asset will be? And your view on what I am suggesting?

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unknown 11mo ago

Yes the bitcoin as a store of value argument is in my mind settled. It’s going to win and as u rightly point out it will eat into most assets.

My slight concern is the medium of exchange part. That has to and will come naturally as it becomes more widely accepted as a store of value (ie ppl will want to earn in it and others with naturally want to be paid in it). My concern is is that when that time comes governments will have siloed the KYC exchanges and made peer-peer very hard. So my slight concern is that the tech isn’t ready for peer-peer when the medium of exchange part comes but in reality it’s a small concern with the innovation happening now.

Either way you’re right the risk of losing my btc is greater than the possibility make a bit more.

I guess it ultimately comes down to “stay humble and stack sats”.

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CosmicBanya 11mo ago

Yes! That and buy soap from soap miner or other peeps! Support MOE! 🙌🙌