After you make your first
#bitcoin
purchase, you have four years to acquire 90% of the bitcoin you will ever have the opportunity to acquire. Good luck getting above that amount.
I’m feeling really great this evening. My wife and I sold one of our rentals that we had 65% equity in. We’re going to celebrate with a pint of Ben & Jerry’s ice cream and then plow the rest of the proceeds into
#bitcoin
. Nothing like buying the top. Forever. Next step is to get
Life with 2 under 2 is chaotic as hell, but we still make time to ensure the entire family is orange pilled on
#bitcoin
from a young age 👶🏻
@MartyBent
@rabbitholerecap
I drive a beater car and wanted to share that with you. You don’t need to stress about impressing other people. They don’t care about you, and you shouldn’t care about them.
Instead of wasting money on a car (or other useless stuff), put that money towards securing your
For those of you that are new to
#bitcoin
, welcome. Class of 2020 reporting for duty 🫡
Here’s some stuff I wish someone would have told me in the beginning…
It’s not all about price. Yeah, we all wanna get rich, but bitcoin’s value exists for the most part outside of price.
My wife works for the govment (be nice).
We recently stopped all retirement contributions (foregoing a 4% match) and will be directing all funds towards this fun little bitcoin thing.
On the horizon:
Selling our primary house. Moving to a new state. Renting….
Buying
I’ve got a little something in the works for dads in the
#bitcoin
community. I asked a friend for some help and look forward to seeing what we can cobble together. It’s not gonna be much, but it’ll be honest work.
Talking with my CPA today and he let me know 20 of his clients with backgrounds in finance, real estate, law, and blue collar trades have gone all-in on
#bitcoin
over the past 4 years 👀
I don’t care how much money I make from bitcoin or being an attorney. Nothing compares to selling a whole bunch of junk in a garage sale and making $148.
And buying more bitcoin.
In
#bitcoin
circles you'll find that a lot of family men have gone all-in on
#bitcoin
. Once you understand the significance of this, you should really ask yourself if men having so much loose would arbitrarily take such a risk to endanger the well-being of their families.
The TRIPLE halving.
(1) HalFinning
(2) FASB for miners = HODL
(3) ETFs sucking up supply
I thought
@Excellion
was tweeting while on some sort of psychedelics when he said $1M
#bitcoin
is possible for 2024. Now I’m thinking he’d need psychedelics to concoct a reason for why we
While everyone is focused on how the FASB accounting changes affect corporate
#Bitcoin
adoption, they missed something...
🚨What about the Bitcoin miners who hold over 1M coins?
🧵If you thought the MSTR playbook was big, wait until you see the
#Bitcoin
miners playbook.👇
1/
I track my net worth religiously. I measure it in units other than dollars because dollars suck as a SOV.
When
#bitcoin
is the denominator, my net worth trends down (and other denominators trend up) when
#bitcoin
rips. This is because I (regretfully) still own things other than
I asked for these from my dad for Christmas.
Dad: “I have no idea what the hell this is, but here you go.”
He never went to college, mechanic by trade.
@FinneJay
would probably give him a heart attack.
My dad is a whole coiner and doesn’t appreciate what that even means. I
I am happy to report that the 1st Annual (unofficial)
@CathedraBitcoin
Investor Appreciation Day was a smashing success.
The day included one on one panel discussions with
@FarmahTom
about bitcoin, the mining industry, and how $CBTTF is positioned to do some incredible things
I spent 10 hours traveling today to consolidate UTXOs in cold storage. All thanks to this video. Thank you.
I did not think my cold storage could get any colder, but it just did. I’ll check back in on everything in a few years.
#bitcoin
Absolutely enjoyed this episode. I appreciated the analysis at the end on a decision to allocate a percentage of BTC to a lending platform such as BlockFi. Engage at your own risk.
“Make personal responsibility a real thing again.”
Alright. Here it is. My conversation with Blockfi CEO
@BlockFiZac
& Morgan Creek Capital's
@MarkYusko
. It's all about
#Bitcoin
lending and borrowing. Enjoy, and let us know your questions.
Since joining
#bitcoin
in 2020 and BT in 2021, I've become increasingly paranoid about the world.
My mental roadmap has either been corrupted or enlightened.
@rajatsonifnance
I suggest you get this written into a formal contract. No way he’s gonna end up paying this. Don’t just take the moral victory. Be prepared to collect.
I have kids and am a bitcoiner.
Naturally, 95% of my time, energy, and thoughts are focused on the future.
It’s incredible to think about how much of my earnings I’ve allocated in such a manner so as to not touch or spend in my lifetime.
As some of you freaks know, my parents run a small coffee shop in our hometown. Here are two emails my dad has forwarded me over the last 6-weeks. Inflation is here and the officials are lying to us.
I am EXHAUSTED from trying to convey the value v. price distinction with
@CathedraBitcoin
. I suck at trading. I have always been more of a value guy. That's why I buy and wait. It's worked out for me so far.
We know that
@_drewarmstrong_
is a proponent of HODL'ing the
#bitcoin
I have three business ideas rumbling around in my head. I’m very close to seeking the counsel of somebody within the
#bitcoin
space to help me determine if these ideas are worthless or potentially worth pursuing. Much to think about.
Yeah, I'm going to keep buying $MSTR in my fiat retirement accounts. Because, this.
$MSTR is going to continue diluting shares, taking on debt, and accumulating
#bitcoin
. When this strategy starts to make no marginal difference and plateaus, I'm confident they'll start
@BitcoinMaxiHodl
@princessofdoge
People deserve to get rekt. Capitalism and the market works. It’s an intelligence test. Gamblers gonna gamble. Believers gonna HODL the hardest money ever.
I restarted my financial life from square one.
That means building a solid foundation first.
I now evaluate every investment opportunity based on things that are in my control versus out of my control.
Real estate … things out of my control.
Price
Demographics
Crazy
@PatrickMcHenry
Thank you sir.
Please consider introducing the
#Bitcoin
HODL Bill so that the Federal government can start saving BTC, instead of selling it for USD (which they already have an infinite amount of).
MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per
#bitcoin
. As of 2/25/24,
@MicroStrategy
now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR
Thoughts on the recent
@CathedraBitcoin
( $CBTTF ) /
@KungsledenInc
merger.
I’m excited to learn how much
#bitcoin
the new company is bringing to the balance sheet. Could be zero, but management might appreciate that a combined, larger bitcoin balance in the treasury would be
Wife and 2 children here, which may be a fact relevant to the significance of my conviction and allocation.
My allocation goal is 90-95%
#BITCOIN
and derivative assets ( $fbtc $mstr $cbttf) and 5-10% other crap (cars, home, chairs, etc.).
Too conservative?
@bradmillscan
@PrestonPysh
It's interesting that we truly have no idea what these peoples' intentions are when they speak publically. On the stage they operate I would find it hard to believe that anyhting happens by surpise. That being said, I think we agree there is only one truth to operate from ... BTC
The concept of Social Security is extremely frustrating—an understatement to say the least.
Own
#bitcoin
. Own your own business. Hell, own commercial/industrial real estate after bitcoin monetizes (residential real estate is a 💩coin).
Pay as little into the system as humanly
When it comes to starting and growing a family, time is more valuable than money.
Don’t wait to save $$$. 9/10 (I’m talking about when you’re in your 60’s or older) you’ll look back and wish you had more kids and started earlier, notwithstanding any perceived financial
Question for the parents:
How much was the hospital bill for the delivery of your baby?
My wife & I plan to start a family soon
So I want to start saving extra 💰
I’m sure there’s other unexpected costs
Please share any other not obvious costs
Specific to pregnancy/delivery
Lyn has created a fantastic video and summary of our financial system, with a hint of what might be in store for our future. I'll summarize it with:
"Global money is broken, and you better learn to think critically about how to position yourself for the future."
When has the
I produced a half-hour animated overview of the Broken Money subject matter.
It covers the history of money, the development of banking, and how new technology changes the way we interact with money over time.
Enjoy:
I have now been in
#bitcoin
for 4 years.
I have made many mistakes along the way, all from thinking I knew more than I did.
I also did some things right.
Learn from me—do better:
________________
Things I did right:
- Learned about the qualitative qualities
- Less focus on
I’ll go ahead and tell you why real estate prices are not likely to go down. If that were to happen, county and municipal governments would face extreme financial pressure from the loss of property tax revenue (which is tied to nominal prices). The Fed knows this and that is why
@nathanupmt
It’s a math question. Do the math.
Value add primary residence that you live in for 2 years to sell tax free while house hacking will provide more ROI than most other real estate deals while providing free cash flow to invest in new deals.
Taxing capital gains is theft when those gains are due to the inflation caused by government money-printing
Your asset can actually be WORTH less value, but “cost” more dollars, meaning you now need to pay taxes on top of your loss
The system is corrupt
@pete_rizzo_
You are telling me he was involved for only a year?! That is insane. The implications of that is enormous. I just can’t fully comprehend what’s goin on with all of this but I fully respect it and want to be a part of it.
“My name is Jacob and a balanced 60-40 portfolio that’s managed for 2% seems like a better bet to me than
#bitcoin
for the next 100 years. My grandchildren will thank me.”
I ask many parents with kids that are 25 y/o + about their kid situation.
95% of older parents say they wish they would have had more kids, and in hindsight, it seemed more difficult in the moment than it actually ended up being (both in terms of money and effort).
Not having
As the lest technical bitcoiner out there, is there any go-to resource for setting up a
#Bitcoin
lightning node that someone can point me to?
@PrestonPysh
any recommendations?
@RayDalio
@novogratz
@elonmusk
If I had to put two of the most objective people I can think of in a room together to discuss the changing world order, it would be
@RayDalio
and
@PrestonPysh
. I'd even settle for an offline conversation that I don't even know takes place.
@tola2252
We have been in for a full cycle now and it’s hard to imagine being any worse off than when we started. That is to say, it took time for her to see proof of it working.
As far as selling the house, it’s only because we will be moving to a temporary location for a year and then
@DavidBCollum
I mean if everyone in the room thinks the same thing either you are wrong or everyone else is. The “everyone” on the other side of this (bit)coin grows more each day. How are exponentially more and more people just walking off a cliff without reason? Maybe there’s good reason.
Our current US tax system is an obvious grift by boomers to steal the productive efforts of our youth.
This catastrophic situation is why I will not vote for any politician (a) is over the age of 59, and (b) does not have children.
#bitcoin
is my exit strategy.
"Most of the
The Fed is stuck between a rock and a hard place. They are no longer in control. Inflation is here to stay.
I wrote about it back in June in my article: Debt, Inflation, and
#Bitcoin
.
Link:
Many on BT are challenging skeptics to value $MSTR as a company holding 1% of the total future monetary supply that is
#bitcoin
. Somehow, this fact presupposes that the equity of MSTR trading at a 2X multiple on its bitcoin holdings is justified, if not undervalued.
I have a
Went to the bank to deposit a settlement check only to learn that I need to wait seven days before I demonetize the global monetary system with a smash
#bitcoin
purchase.
They must be onto me.
Fingers crossed that the $MSTR short sellers carry over some damage into the spot