Fotoart on Nostr: Well said. I've been suggesting to plan over 2 btc cycles, so 8 years (less years for ...
Well said. I've been suggesting to plan over 2 btc cycles, so 8 years (less years for those who happened to catch near the bottom of the first cycle when they started this program). The idea is that by the time you go to spend btc as part of your monthly costs because you have no more fiat left, you are using the units you first purchased which are quite likely worth more than when you first bought them. There's a bit more math at that point to ensure not overspending than the average net worth growth (through the chaotic but softening volatility price changes btc goes through), but it's a pretty simple plan to start. So although I can understand
RamenCoffee (npub1gy8…2yz7) concern with his comment, the idea is not to buy it as an investment, but understand that DCA is a strategy towards moving out of fiat as a reserve (this can be expanded to include investments in organizations that do not use btc as their reserve).
Published at
2024-07-04 12:43:45Event JSON
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"content": "Well said. I've been suggesting to plan over 2 btc cycles, so 8 years (less years for those who happened to catch near the bottom of the first cycle when they started this program). The idea is that by the time you go to spend btc as part of your monthly costs because you have no more fiat left, you are using the units you first purchased which are quite likely worth more than when you first bought them. There's a bit more math at that point to ensure not overspending than the average net worth growth (through the chaotic but softening volatility price changes btc goes through), but it's a pretty simple plan to start. So although I can understand nostr:npub1gy86alc2hawh6lpq9d859ccpx63sah22ad4n3vvh9d4lwskf7f4sw02yz7 concern with his comment, the idea is not to buy it as an investment, but understand that DCA is a strategy towards moving out of fiat as a reserve (this can be expanded to include investments in organizations that do not use btc as their reserve).",
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