I use Strike for my whole paycheck, I sweep excess to cold storage. I like the easy of fiat-bitcoin exchanges.
I like to think of it in block rewards. If you had a whole block subsidy from the first epoch, 50 BTC, you would be made now. If you have a whole block subsidy from the second epoch you probably need to wait one more cycle to fully escape fiat. So any amount will be fine, just 4 epochs later.
Lump sum all now and set your time horizon to 4 years.
I think the fiat system is fundamentally designed to melt down. The fact that Bitcoin will flourish is coincidental not the cause of the melt down.
Now that I take 100% of my paycheck in bitcoin I see spending it as a natural part of my finances. I have a savings stack not to be touched and spending stack to live on. If excess builds up in the spending stack I move some to the savings stack.
Will the new British government sell its 61,245 Bitcoin (BTC)? 💷💼🤔
https://m.primal.net/JYXE.webp
The Labour Party is once again leading the government in the UK, raising the question of whether they will follow Germany's example regarding Bitcoin. The transition from a Conservative-led government to a Labour government under Prime Minister Keir Starmer has sparked speculation about what will happen to the country's Bitcoin holdings.
As of July 19, according to crypto data service Arkham, the British government held around 61,245 Bitcoin 🪙 valued at over $4 billion. The newly appointed British Finance Minister Rachel Reeves now has new discretion over the handling of these crypto funds, most of which were seized in a money laundering case against hotel employee Jian Wen.
Despite some bureaucratic hurdles, Reeves might take the opportunity to liquidate the Bitcoin holdings as part of Labour's plans to promote economic stability and growth. A political statement read by King Charles III on July 17 indicated that Labour would prioritize the construction of affordable housing and the improvement of the national railway system. 🏡🚆
With over 61,000 BTC, the United Kingdom holds one of the largest Bitcoin reserves among governments worldwide, second only to the United States. The German government recently liquidated 49,858 BTC in multiple transactions in June and July, raising around $2.8 billion. It remains unclear what Germany intends to do with the funds.
The current rapidly fluctuating developments in the crypto market could impact when Reeves considers a sale, if at all. Analysts predict that the lead-up to the US presidential elections might favor prices, but releases of previously frozen Bitcoin from the former crypto exchange Mt. Gox could also cause the Bitcoin price to fall.
#Bitcoin #Crypto #UK #LabourParty #Economy #KeirStarmer #Finance #BTC #Blockchain
England please sell all your bitcoin at market on the weekend. Your empire has collapsed, just take your self out the back of the wood shed and get it over with. Plebs will stack all your Sats then come and buy all your castles.
Please British follow the most excellent example set by Germany
Cheap Sats from lettuce handed governments are a once off gift to be thankful for
It’s crazy seeing bitcoin becoming a US election issue, Orange Man and his VP pro Bitcoin, Winklevoss Twins donating $1m to Senator Warren’s opponent. In one or two epochs Bitcoiners are going to be the worlds wealthiest people and politicians will have to run balanced budgets and start doing 100 push-ups to get elected .
This would be epic, a mistake they could only make once. I’d be stacking like a mad man.
nostr:npub12j9znu29rpluja5flzhx09zxyaercv2uzcasmwugssh9p35p6l9qjzptze
Would you do it?
HELOC for about $290,000, 30y fixed at 8%
Essentially I'm being given the offer to purchase ~4.5 #Bitcoin now, at a cost of $14,000 in interest payments annually for 30 years.
HOLY SH*T
I took a HELOC when Bitcoin was 20k, now it’s 65k, pretty soon the corn will be worth more than the house that secured the loan. But you must have good savings SnF cash flow so life’s unexpected emergencies don’t wreak you.
Seems like we sucked up all the German coin, it will be interesting to see how much of the Gox coin gets sold and how long it takes us to DCA through that as well.
Not wanting to steal your thunder but for those looking for an affordable print version try https://freemansperspective.com
Great more cheap Sats that lettuce hands can only sell once.
Yeah us plebs will tell stories around fires of the German Sats we stacked on the cheap that we used to buy our castles and Mercedes
Did the same math myself recently. $70 for new reef sandals to wear kayaking, versus $16 shoe glue to repair 8 year old sandals and $54 of bitcoin. Easy choice really.
Or you could convert your entire paycheck to bitcoin then at the end of the month sell just enough to cover your expenses.
Yup, I took out a HELOC 4 years ago bought bitcoin. Pretty soon the bitcoin will be worth more than the house.
Great gives individuals longer to stack on the cheap.