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290 sats \ 4 replies \ @optimism 11h \ on: Personal Finance Musings: To Bitcoin or Not to Bitcoin, That is the Question econ
Like you, I'm neck-deep, if not drowning in exposure.
One of my clients called the other day and asked what to do with my shitfiat payment because the deal was cash but I'm not close to them atm. They proposed to just put it in some stonks while I'm not-close. I said "whatevs BUT", do not put it in saylor scams.
So I'm not sure why you're pitching saylor scams. But if I can give you any recommendation from the bottom of my heart: don't buy into a stonks printing scam to diversify your position away from your sats. Even if you gain money, you're still the fucking parasite if you do. Just find something else. Anything else. It doesn't matter. Lose it all. Don't be a parasite, plz.
Hahaha parasite!
Mag 7 it is, then.
Also, I'm deeeef not pitching anything. If that's the impression, then you misread me
reply
No I made a wrong choice of words, it should have said
considering. I shouldn't reply when I'm exhausted, my bad.Either way, for over a decade now, I'm still paying into almost all my fiat insurance, including pension/life insurance. It's been tempting to stop doing that because besides that it obviously underperforms, feels like an unnecessary cost and has been a painful wealth decrease for me during bear markets, I've been living with the assumption of threat that one day I wake up rugged and it's all inflated into oblivion. I've decided that the 90%+ "haircut" they'd give me for termination on top of the lost value is just too much now and I'm just going to sing it out for a decade. Hopefully my cognitive skills don't decline fast; that's the real gamble.
For the time being, while my personal accounts receivable still has some minor non-bitcoin components, I at least have some relief for a short time if the credit-driven bubble bursts now. On one hand I feel that the saylor bubble is only just starting, on the other, bitcoin reacts hypersensitive to bad shit. If a shitcoiner like SBF could crash it inverse 3x, saylor can crash it what... inverse 30x?
Land is probably the only asset that I'd consider right now for wealth preservation - even though that seems inflated a bit too in most places at the moment.