OK, here's an observation and hands-on consideration that all Bitcoiners face:
How to Live and Coexist with the Fiat Money System?
Get on zero, skirt the rules, play the speculative attack game, max shitcoin rewards card etc etc.
Lots of different plays.
Bitcoin Rachy on bird app had this observation today: Bitcoin has a higher return than index funds, by such a large margin that even if you're getting tax deductions and matching company contributions to e.g., your 401(k), you should stop contributing and just max your way into BTC.
The calculations are extraordinary, but most of the relative gains come at the end/display for decades (#974746, #974166).
I am not doing this (see my tweet response). For context, I am not in America, but my local mafiosos enforce a similar pension system (though I have less control over individual investments than in a standard 401(k)).
Reasons?
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I really, really deeply, profoundly detest taxes. They are vicious, barbaric, uncivilized, and fund absolutely dogshit of humans to do absolute dogshit of things. Every single penny I can wack away from them gives me immense pleasure. So I max the pension contributions and ride that sweet tax discount all day long.
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there is some probability that a) bitcoin fails or never becomes what I foresee, b) I'm waay too optimistic about this, either in time or magnitude
Thing is: It really troubles me psychologically — mentally — when the price drops precipitously. It's the sudden extreme of it, I believe, that's a big deal. I act recklessly and YOLO into dips with rent money or other pools of spare cash that really should not go into bitcoin, but whatevs. And I feel crap about it — for days at a time. @Shugard gives me shit about it; @realBitcoinDog laughs at my weakness.
So, Morgen. In these few podcasts she is urging pretty extreme financial conservatism, at least in YOLO/reckless/bullish Bitcoiner circles. And it's starting to weigh on me a bit. It's sort of convinced me that I should hold less bitcoin than I do... sleep calmly at night etc, etc.
Having also independently consumed a shit-ton of MSTR/Treasury company analysis (#1010082, #1011075, #1014681) in recent weeks (yes, sorry peeps; someone's gotta make sense of this shit!), I believe I'm warming up to them.
It would make some semblance of sense for me to own e.g., STRF and STRK, for muted bitcoin exposure with cash flow.
Economically speaking, it's the same thing as I'm doing now — straight bitcoin, no equity/no gold/minimum bank balances — since I'm still exposed to BTC price via the corporate wrapper of Strategy. But the price movements would be much less extreme, and instead it (=they) would still pay me a bit of additional side-income. That would certainly make those gut-wrenching fall-off-a-cliff moments less painful.
And before ya'lls drench me in "diamond hands," "weakling," "be stronger" blah-blah-blah, most of you have uncorrelated fiat jobs. I don't. I'm deep in this industry, my net worth and my professional engagements are all tied to bitcoin and extremely correlated to bitcoin price.
Counterintuitively, having somewhat less exposure to bitcoin makes good sense.
...but then I hear HODL's voice in my head going YOU'RE NOT STACKING HARD ENOUGH
...when we first got here, we should have gone so much harder...
And that troubles me in a longer-desire-FOMO type way. But it doesn't/wouldn't hurt me, physically, the way that stomaching bitcoin misbehaving (#873594) or pathetic mid-Sunday cliff-drops do.
So yeah, maybe some of the MSTR products are for me.
Confession: I did noooot see this conclusion coming, jeez.
considering. I shouldn't reply when I'm exhausted, my bad.