What is your #Bitcoin savings rate?
I just pushed mine from 15.5 % to 17 % πͺ
I know there are some ppl here with 50 % and more π±
Discussion
Weekly?
I think there is no difference. X% is X%. Wether it is weekly or monthly. Mine is monthly π
50% maybe more actually.
Noooiiice. Wish i could be as dedicated as you πͺπͺ
Working towards it β¦
Only keep in Fiat what you are willing to lose slowly over time.
I convert any and all Fiat I have remaining after expenses (that I canβt pay directly with #Bitcoin for) into bitcoin. I do this via a daily DCA regardless of Fiat price.
I do not want Fiat. I do not want to support a corrupt and failed system. By exiting this system, I have achieved my desired ROI.
I donβt buy MSTR. I donβt buy RIOT. I donβt put Fiat away in a 401k. I donβt do ETFs. I donβt buy futures. I donβt buy shitcoins.
I buy bitcoin, and I move it to cold storage. When I need something, I either by it with Bitcoin directly, or use fiat.
I never, ever, sell bitcoin for fiat. And I never will.
So how do you buy things that can only be bought with fiat atm? Donβt you need to sell btc for that?
If I need something that I can only get from a vendor that doesnβt accept bitcoin (like utilities), I just pay with fiat that I earn.
I know how to budget.
My #bitcoin stays bitcoin, unless I can spend it directly which I am happy/able to do more and more.
I see. But what if your car breaks or you have another bigger expanse that can not be covered by your monthly earning? Do you sell Bitcoin then?
Hahaha. I can function quite well without a car but thatβs beside the point.
The ultimate conclusion of your line of questioning would be βif you were in a life or death situation that could only be solved with Fiat, would you sell your Bitcoin for fiat then?β
Even if it were possible to create those conditions (which it really isnβt anymore - I can buy most anything I need with Bitcoin now), the answer is still no. I am a admittedly a zealot who believes I am at war. And yes, I am willing to die for my beliefs. After all, people have gone to war and died for millennia now and for much much stupider reasons that never stood to benefit them directly at all.
I have no debt though, live a very happy life many multiples below my income means, am approximately 90% self-sufficient anyhow, and have no children to worry about.
With a weapon of peaceful protest like #bitcoin, I like my odds against my enemy.
Thanks for the explanation π
#BitcoinIdol πͺ
What way do you manage to pay most of your expanses in btc? Is there a service for it?
There are many and the list grows daily.
I get by mostly with Bitrefill though.
I grow/raise a lot of my own food. I have a well and use mostly solar/renewable power.
And I have built a fairly large network of like minded people who I can trade #Bitcoin directly with for other goods/services.
You are living the dream ππ§‘
As someone who was born dirt poor, I can say the process was not that complicated.
I started working at a young age, got myself educated, built a career that paid well and was portable, avoided materialism, chose a like minded spouse, chose rural over urban living, sought self reliance wherever possible, and learned to seek out and correct the things I was wrong about. In this way, #Bitcoin was sort of inevitable for me.
This is not about patting myself on the back though for being βspecialβ. Quite the opposite. The truth is that I was very lucky to be born healthy, not get (very) sick yet, and grow up in a place where war and famine was not the norm and my choices above were in fact possible. That said, I see many many many other people who could live like me if they so desired but instead keep making the same mistakes over and over and over again. Or they have fallen for one or more of the many traps set out for us by the legacy financial system. For that though, youβll have to check out some of my other posts.