100 sats \ 2 replies \ @boisechampion 22 Dec 2023 \ on: Sell bitcoin to pay off debt ? Personal_Finance
I think the way I think about it is in terms of guarantees
There is no guarantees that Bitcoin will moon. Sure, Bitcoiners can parrot all of the influencers and say it’s going up forever. But the reality is that no one actually knows.
Bitcoiners as a whole have this fantasy the Bitcoin can succeed in any environment. Sure the network can. But do you think people will give a shit about it if times get really really bad? I don’t think so.
Paying off debt is a guarantee. It’s a guarantee that your family will be stronger and more secure in the future. You’ll have less burdens to make better decisions.
Nobody knows what the right answer is for you personally. For me, I’m doing both. Stacking the same USD amount and paying off the same amount of debt. For my family, it makes sense. If Bitcoin does start to 5x or 10x I’ll stop purchasing and put all USD towards debt until there is a cool down. I watch the MVRV-Z score like a hawk. Helps me decide when it comes to this kinda stuff
Never heard of the Mvrv-z score. Looks interesting. Maybe a good strategy would be to pay the debt slower at a lower score and faster as a higher score.
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Its become a catalyst for me. Ultimately, I am always buying BTC. But the amount changes. When it was hitting 0 I was dumping money in like crazy. Between 1 and 2 I'm still aggressive. As soon as it gets close to 4 I'll probably pull back to 5-10% of my income.
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