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Replying to Avatar hodlpleb

How to Retire on Bitcoin

(Hint: Never Sell)

Stage 1:

(Today, Now)

1. Buy as much BTC as you can right now

2. DCA every day/week/month

3. Be patient

How to Retire on Bitcoin, Stage 2:

(Once the price has reached $X)

4. Take out a loan against bitcoin

5. Use loan to buy a revenue generating business

6. Use business income to pay back the loan

7. Live off business income

8. Repeat steps 4-7

9. Own revenue generating businesses & keep your BTC.

Keep loans at a safe % of your total BTC.

You do not want to put your BTC at risk.

#Bitcoin #NeverSell

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Bitcoin Golf Pro 1y ago

Why not just use the fiat for living expenses, then take out another loan to pay off original loan…repeat and watch LTV decrease in perpetutity?

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hodlpleb 1y ago

Yes, could work in theory if NGU fast enough.

I've never been rich before.

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Bitcoin Golf Pro 1y ago

If you own BTC, you are rich!

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