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899 sats \ 1 reply \ @siggy47 12 Nov 2023 \ on: HODL is not the way bitcoin
You assume history will repeat itself. Last week the U.S bond auction was close to failing. The "pristine asset" is no longer pristine. Moodys just cut the U.S. credit rating. Yet you remain confident that your dollar will be able to resupply your bitcoin come next cycle? Meanwhile, you pay taxes to the U.S. on all your fiat profits. At some point your plan will stop working. When the music stops, you had better hope you can find a chair.
This ☝️.
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