pull down to refresh
126 sats \ 3 replies \ @rebel_nomad 16 Dec \ on: Can a shitcoiner ever truly grow into a Bitcoiner? alter_native
Actually shitcoins & gold is what has protected the Bitcoin I got at ~13800 in 2020...
Buying Ethereum at 200 and Monero at 30 made it so much easier to sell and spend those into the bear market, and also then spend the last stablecoins stashed away to buy in at 20k in 2023.
For too many reasons that are worth listing here I haven't got easy access to any fiat mines, actually the last time I had this "income" gig going was way back in 2018 haha!
It was not easy spend especially the gold, and yeah I lost some gains getting into the privacy space a bit too early in 2021, but overall I managed to get through all, while holding the same amount of Bitcoin since I totally melted my cards in 2020 ;-)
Another thing I find useful is to keep some stablecoins available for things like flying, I have used Travala for a couple of years, its a great service that just works. But, I do not want to manage even flights as a trade, its complicated getting the little travel I do right these days anyway...
Likewise I'll need to peel off some profits at some point later, the further I get in the process of starting some new, viable venture until then the less I need to convert of course.
I doubt that I've ever been below ~90% of value locked in Bitcoin versus whatever crypto I've used as tools, maybe except for when I made that 15x or so with Ethereum.
Another problem I've got is that although the Bitcoin community is getting around to producing platforms like SN and Nostr where I can get paid for content it also ignores functional projects like Hive, where I've made more on single posts than is realistic within the Bitcoin sphere.
Now, for these things too I do not want to venture outside of Bitcoin, which has been holding me back... I know I can get an interesting, rather comfortable and weird career in content, but only when I include any platform where I can earn, of course converting any excess gains into Bitcoin.
I've tried to discuss this part here and on Nostr, but its honestly like shouting into an abyss... I do hope Bitcoin comes around to rapidly building the same type of platforms, but I can also see a future where this does not happen... Competition to Hive and Arweave are the main things I need to see in order to go into content 100%, as of now I'm simply watching those projects to survive and get a boost into next year...
Might not read all replies, depends on the toxicity levels haha!
Thanks for the share. It sounds like you have been quite crafty at using the tools at your disposal. It seems like you can acknowledge the potential of Bitcoin as the best store if value while also seeing its shortcomings and learning to use other tools that work for you. I have never heard of hive or arweave. What are those?
reply
Bitcoin as such has no shortcomings really, other than not covering what I need to monetize 4 decades of photography...
I've tested these things on Nostr, but Hive was what paid some decent amounts, still since its not Bitcoin I hesitate getting into it fully haha! (The easiest way to get started is Ecency, app and/or ecency.com)
Arweave is simple: pay once for at least theoretically long term storage, its what anyone publishing digital files would want to win. Of course maxis have killed off the ordinal space, without caring about supporting something similar, but maybe Arweave can get something done...
I've totally played around a lot with going 100% Bitcoin only, but these things hold me back from that... As a monetary storage I'm of course all in, except for what is lined up for near term spending :-)
reply
Oh, forgot to mention that I sold that Ethereum at ~3500, bought at 200, Monero at ~150. That is what made them protect my main holdings in Bitcoin of course!
reply