For us coiners, this may be something like maybe one of the stablecoins, if you don't like the cash sitting in your fiat bank account.
Fuck stable coins.
Oh gawd..
you are going there?
I mean.. you went there?I went there for you, so you don't have to.
I understand your complete hatred for all shitcoins (stablecoins included), but I got this from listening to mostly bitcoin podcasts, like "What Bitcoin Did" and Willy Woo.. If you are keeping fiat in a bank account, or on an exchange, then it's not very much different than keeping stablecoins. At least, with stablecoins, you control the private keys until you need to spend it and can pick which exchange to use it on, and what bank to withdraw the fiat to.
Since we are not trading, the allocation to shitcoins like the US dollar, or the similarly priced USDC, DAI, or whatever stablecoin is going to be relatively small compared to your bitcoin holdings, all of which can remain in cold storage until the minute you need to cash it out. A very few people actually keep cold cash (as in paper bills) in their homes, that's usually not a good idea unless you have specific reasons.
Likely my "hatred" is related to relevance of devolving into that bullshit within this thread, and you seem to act like it is some inevitable topic that needs to be brought up here... I surely question that kind of devolving into comparing and contrasting various shitcoins or stable coins rather than some potential utility that might exist in terms of portfolio management.. starting to deviate from the topic if getting into some of those areas, no?
Seems that we had been talking about how to valuate your BTC in terms of figuring out whether you might have reached Fuck you status yet, so seems to be getting into a bit of a stretch to be needing to get into topics about shitcoins and/or stable coin explorations even if you might hold some of them or have inclinations to talk about them at every opportunity that you can get because you believe them to be so damned relevant and important in your thinking about the world and your portfolio management that is likely also distracted in terms of its understanding of the importance of the role of BTC therein..
Maybe I could go back to the hypothetical current guy that has more than 230 BTC currently? Such guy would be clearly above current entry-level fuck-you status levels by a considerable amount, which we could round off our entry level FU status to being around 143 BTC (that is $2 million / $14k - which is the current 208-week moving average which is the most conservative of reasonable measurements of BTC bottoms).
I had already mentioned that if that particular guy had around 200 BTC that he just had on the side that was in cold storage or something, then he could have 30 BTC that he would just consider his liquid funds for the next 4 years and withdrawing from them around $100k per year and it might not even matter what he does with such 30 BTC (in terms of how he is holding them or shaving off his yearly value whether every 2 weeks, monthly quarterly annually, or he has some other system of how he is playing around with such value.. lots of variations in that for that particular guy)..
So if such hypothetical guy keeps some of that 30 BTC value in BTC or various other ways in terms of managing the 30 BTC value, but it might be a bit crazy to keep all 30 BTC in only one form such as having it in cash.. but might be less crazy to keep in bitcoin.. but sure, the guy could play around with allocations within that 30 BTC that is part of his liquid funds for the next 4 years and I suppose there are even scenarios, that he might end up only spending half of such funds over the next 4 years (even though he has the whole 30 BTC as being available), then he would just fold the 15 BTC into his budget for the next 4 years or whatever he wants to do. Such guy might not care if he happens to spend all of the 30 BTC or half of it (15 BTC) or some variant between, but he has a round-about idea about how much he is o.k spending in the next 4 years, which is up to 30 BTC. .. and of course, the guy would not be locked into any specific spending plan either, but he could keep assessing along the way including assessing the extent to which the 208-week moving average is moving up every year.. presumably much more than 4% per year and quite likley he could presume more than 12% per year so long as the BTC price stays more than 12% higher than the 208 week moving average - which is a moving target of course, and if our current 208-week moving average is $14k, then currently 12% higher is $15,680, and surely with current BTC spot prices bouncing around between $46k and $50k, we have decent odds that the 208-week moving average is going to continue to appreciate quite smartly in the coming short period.. year or so.. and yeah we can also project out our expectations and watch where the 208-week moving average is as compared to the current spot price on a regular basis.. seems that the Mayer multiple does something like that.. but the
Mayer multiple uses the 200-day moving average rather than the 208-week moving average, so the 208-week moving average would be way more conservative, too (not reinventing the wheel here exactly, either).
Anyhow, it seems to me that you want to get into details regarding if the guy might keep some of those 30 BTC in stable coins and consider that as possibly being something that is relevant to discuss here?
You are wanting to bring it up, and I don't consider it to be necessary to discuss those kinds of slippery slope matters here, and the guy with fuck you status has quite a few options regarding how to spend his 30 BTC over the next 4 years and the extent that he might want to be saving parts of the 30 BTC to roll back into his spending after the next 4 years plays out.
Even if we were to change our fuck you status guy that is barely into fuck you status and ONLY has 143 BTC, then that guy might ONLY be able to shave off half as much BTC, such as 15 BTC to spend for the next 4 years, and sure, he might have to be more prudent with how he is spending and managing his BTC.. because he is on the lower ends of fuck you status with less of a cushion with which to work.. and sure that guy might be weighing ways to make his whole 15 BTC last.. but maybe just spending only $50k per year rather than $100k per year could resolve the matter, but you are perhaps trying to suggest ways to get your BTC to produce yield or some other risky and perhaps quasi-irrelevant bullshit like that. So yeah, if the guy wants to spend more than $50k per year for the next 4 years, and he only has 15 BTC to work with, then he might be more desperate in terms of trying to get his BTC to go further, and maybe the easier solution is figuring out how to live within his means rather than employing too much risk, but guys are going to come to differing decisions about wanting to employ more risk and which other areas they might explore outside of BTC and the dollar.
The guy with 143BTC might also choose to shave off 30 BTC for the next 4 years to be able to have a $100k per year budget, and sure that guy also has less cushion to work with and might be trying to push his limits too much and could cause himself to employ shitty methods because his cushion is not as good.
I am not quite sure where you are wanting to go with your getting into the further topics that might even be something that is all over the place in terms of individuality but also seems to be getting into irrelevant areas that get us off of BTC as a topic and into these various other products (shitcoins/stablecoins)... AmInotrite? Does our Fuck you guy have 15 BTC to spend over the next 4 years with a budget of $50k per year or does he have 30BTC to spend and a budget of $100k per year, or is there some other variant of a guy's situation that you would want to explore in order to get into those seemingly off-topic areas? And how big is his stash? is it entry level 143 BTC or does he have more of a cushion such as the 230 BTC guy? Where do you want to go? and why the fuck do we need to talk about shitcoins/stable coins in order to talk about how our BTC guy might manage his funds? unless we are trying to talk about a guy who has not quite figured out how to get into fuck you status so he is barely living on the edge of wannabe fuck you status but has not quite made it yet so therefore he believes that he needs to bring shitcoins/stable coins into his calculation for a supposed (imaginary) better way of earning money off his bitcoins blah blah blah.. when if he has really reached fuck you status he does not need to worry about that baloney of earning yield blah blah blah.. because bitcoin is already designed to pump forever, amiNOTrite?
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