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30 sats \ 2 replies \ @BlokchainB 24 Jan \ on: Do you trade stocks and how? Stacker_Stocks
Yes I own stocks. I think even in a post Bitcoinization world great companies will be needed to provide goods and services to the world. Owning shares in these companies means you are giving them capital to meet their business goals. Also I try to find companies I can buy and hold for at least 20 years if not forever in the bloodline.
So I try to buy companies that work towards the world view I wish to have.
Plus I am running two experiments with stock pickers to show buying bitcoin will out perform them. So I own a bunch of companies that don’t align with my ethics.
So I try to buy companies that work towards the world view I wish to have.
That's a good philosophy. And I agree that we'll still have things like stocks in a bitcoinized world. Stocks are not inherently fiat
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It’s millions of people who just want to work and earn a living wage trying to provide value to the world. It’s people who keep modern society so pleasant. If you are happy with your water, power, internet, food, services then consider buying shares in those companies. If they pay a dividend then you can take that cash flow and buy bitcoin with it.
Everything doesn’t have to be how much money will it make it. Sure you can factor it in but it doesn’t have to be the final decision. Plus as the debt bubble pops I will think bitcoiners with massive wealth can buy these companies and operate them according to Bitcoin principles
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