Ethereum the best
It’s been asked many times
of you irritating fucking diptwat, please for you and your other deluded dumb-ass shill-trolls to take your nonsense to in the
ethereumshitcoin threads.... you really have no respect for others? This is a BTC thread....
Have a great day, somewhere else. 
Woah, that's quite a response. I feel... honored.
I'm just going to keep it short and give my view why I rather stay in BTC instead of fiat.
Selling month to month may sound like a crazy way to manage cash-flow. But see it as a salary or DCA if you like.
Surely, I would not be asserting that it will not work in all circumstances, but for the vast majority of normies (who might just be getting into BTC or attempting to balance their fiat cashflow in terms of how much BTC to hold versus fiat), they are likely going to be much better off planning beyond month to month, and I had suggested having a 6 month cashflow for someone with fairly basic (or not too complicate) financial circumstances, and something like 18-24 months with someone who has more complicated financial circumstances or just might want to project ahead further.
Bitcoin is my main source of income and has been so ever since I quit my job in 2016.
Surely, getting an income in bitcoin would not be the circumstances of most normies - and of course, income source would ONLY be part of the story - and the other part would be expenses..are those payable in bitcoin (or are they measured in dollars/fiat)?
Another aspect, of course, is tailoring to your own circumstances and perhaps tweaking along the way, so if you have already been in such a practice since 2016 - gosh that could be 5 years or so, then you have already been through some decent BTC volatility periods, and I will presume that you have been attempting to learn along the way, in the event that you might have had some adjusting/tweaking that you have had to do during that period.
Since we are in a public thread, it may well be helpful to share some of your tactics, if you believe that they could be of general applicability.
You know sometimes guys here will describe some circumstances or practices that they have, and sure it is tailored to their own situation, but if we do not know certain aspects of their own situation, then we might wrongly conclude that some practice like theirs might work for our own circumstances, too.. which may or may not be true.
The reason I'm staying all-in in BTC and not selling more than needed is because I feel that is the safest bet. Just like your strategy has been a success for you, this strategy has worked out pretty well for me. I'm doing OK.
I have been thinking about some of this in recent times too in terms of debt. I surely am not against the use of fiat based debt to potentially leverage the amount of BTC that you are able to buy. Michael Saylor and some others have brought this strategy to the spotlight in recent times, and one thing that allows him to engage in such aggressiveness in that direction remains a decent amount of assurance in his already existing cashflow that he can project out, and the asset values that he already has that he can project out. It may sound a bit ironic to some, but over the years, I had gravitated into a kind of similar approach as Saylor in my use of debt - which I increasingly was able to accomplish in the very late 90s and moreso in the early 2000s... So for example, I would get pretty decent-sized loans that had really low interest rates, but I would largely already have the money to pay it back, but the loan would still give me greater flexibility in terms of putting some or all of that money to work, and so as that money was working to increase income, then I would be able to attempt to leverage more money based on the increase in my portfolios. It's like a positive loop, as long as you keep your money working - and many folks get tempted when they have so much additional cash to buy consumption goods such as expensive cars or furniture or go out to eat at nice places, which likely end up being depreciating assets.
Surely, some of those seemingly consumption items could be justified in terms of increasing income, so maybe a car is needed to produce income, and does the fancy new Mercedes or BeeMer end up bringing in value/utility that is greater than the Ford, Toyota or even Lexus? Might there be some value (utility) in buying a car that already depreciated quite a bit in value, such as a 3 year old car (which still might be like new) rather than the new car?
Anyhow, most of my point here relates to attempting to use debt in ways to build value, especially in earlier years - and of course, you may well be able to splurge a lot more when you have reached certain levels of profitability, and even excess profitability - which does not likely come automatically, but may begin to be more measurable with the passage of time.
If this indeed was the top of the bull-run and we were to enter another crypto winter, I can manage that too. Either way, I will try to take advantage of the volatility with my trading stash, which currently is around 5% of my total stash.
I personally believe that the longer you are in, the more you should be able to build up comfort - as long as you do not screw up too much along the way. Even with some screw ups, BTC can be relatively forgiving so long as you have been erring on the side of stacking sats - while at the same time, we know that past performance does not guarantee future results - even though we do have some current BTC price models that do seem to decently show us how to assign probabilities.
What's the worst thing that could happen, bitcoin going to zero over night because of some unpredictable event?
That would be pretty bad...and surely would suck for a lot of us. I remember having those kinds of dreams (or maybe nightmares) a lot more in my earlier days in BTC (maybe between about 2014 and 2017), but have not been having them too much in recent times, even though every once in a while I will still get a kind of stray dream like that. Surely, zero does not seem too likely, and I would suspect even going back to sub $10k or god-forbid sub $3k would be quite traumatic, even if it is NOT quite zero.
Fine, that's not the end of the world (or maybe it is?).
Hopefully it is not. I think that even if such outrageous scenarios seem to be less than 1% or .001% in the more extreme scenarios (and hopefully you are not so deluded that you are assigning unrealistically low probabilities to events that have much higher probabilities of happening), it seems to me that there should still be some considerations and preparations for variations of such extremely negative scenarios... but also in my thinking, those kinds of outrageous and extreme scenarios ONLY deserve in the ballpark of as much considerations and preparations as their probabilities indicate (so in my thinking it would be completely ludicrous to put 10% or 20% preparations into various scenarios that only have 1% or even .001% odds of happening ... there needs to be some proportionality and no problema with hedging a wee bit either).
If it's not, I guess I'll just have to look for a job again. At least I had one hell of a ride.
Actually, you are correct about considering your youth, your health and your various skills (employability). Some people might not be ready, willing or able to unpull the fuck you lever once they pull it (meaning going back to work - including some people thinking that they could become something like a Walmart greeter.. and yeah, we have all likely seen people working or trying to gain income in various activities and ways that seem quite unsuited to their abilities and skills.
By the way, around late 2013 - right around the time right before I got into bitcoin, I had pulled some variation of the fuck you lever (actually, there were things that I had decided in the prior year or maybe more) that had largely contributed to my pulling of the fuck you lever in late 2013 to become almost inevitable by the time that it came.. It was not a complete pulling of the fuck you lever, but there was a certain lack of desire building in me to engage in the kind of hustle that would allow me to make the salary that I was making at that time. So, even though there may well be circumstances that could allow me to either make that level of income or to exceed it, there is a decently high level of reluctance that has remained in me (and luckily I have not had to go down that road) to actually try to get a job that either pays anywhere close to that fuck you lever pulling job that I had, or even some job that might supplement my ability to live at some fraction of the level of income that I had from that job.
Another kind of funny and ironic thing is that I would have likely not had time to look into bitcoin or even to be motivated to get into bitcoin if I had kept my fuck you lever pulling job in late 2013 - and even though it largely took a few years for my bitcoin appreciation to exceed what I would have earned by staying in that job, even by late 2018 (referring to the correction) the value of my BTC investment had increased to a level that put me close to being on par from my fuck you lever pulling income, but surely, our most recent price run after September 2020 that seems to have tested $10k for the last time has allowed a kind of sealing of the deal in terms of not only bringing income and value to where I am at, but also provided future income that decently exceeds what I had been making on a monthly and regular basis while not really having to do much if any work (beyond managing it) for that exceeding value to be able to continue to be withdrawn - even into perpetuity - upon my choosing (and I largely have not started withdrawing any value yet - beyond various maintenances or incidentally) - and without having to work.. which I would surely consider a vast amount of what is going on in my own situation as passive income - even if Biodom does not like my categorization of withdraw of BTC value (or anticipation of it) as "passive" income because supposedly I am misleading people blah blah blah because once I start withdrawing value from my BTC, I would actually be depleting the number of my coins... blah blah blah... he can go fuck himself with his failure/refusal to appreciate the points that a decent level of assurances can be achieved in terms of how to measure value of an asset and ability to draw upon such value rather than waiting for some pie in the sky moment that forestalls pulling the fuck you lever in a meaningful way while still having enough youth and energy to enjoy such NOT having to work ever again (except completely voluntarily) (beyond perhaps managing your own money).
Poll
