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21 sats \ 1 reply \ @nonproblemo OP 5 Aug outlawed \ parent \ on: Stacking forever... but are we spending never? bitcoin
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
But how much you actively keep saved or “stacked” versus invested, spent, or reallocated can change over time.
Ultimately though everything not consumed is "saved". Post-retirement, having a 2nd home is just "another bank account". Its just allocating a portion away from liquid savings into an illiquid, but physical form of savings.
Personally I think BTC is the best savings technology man has ever made, so I plan to keep the majority of my net worth in BTC forever (to pass on to kids).
Direct investments, compete against BTC....how many investments have matched BTC over the past 10 years? Not many....therefore unless I feel convinced some specific investment would beat BTC, I will just keep stacking.
An aside.
In 1971 a barrel of oil was $3.60 per barrel. A ounce of Gold was $35. So you could buy approx 10 barrels of oil for that ounce....
Today a barrel of oil is $66 and gold is $3360, so you can buy 50 barrels of oil.
If you run those numbers and compare against SP500 returns from same time period you will find that Gold basically beat the SP500....And all those returns had no counterparty risk!
In 1971 you could have sent your money to some NY stock broker, and made sure to check on it every year and hope they didn't steal it....or you could've just put that gold coin in your sock drawer....
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