... 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?
I never brought up yield. I only brought up "cash" as an asset allocation for safety. If he does not need shitcoins like the US dollar, or cash reserves, or if he has more than enough FU status with BTC, then yeah, just HODL BTC and spend that as required.
But for some people, having cash on hand would be a good idea. I treat stablecoins as cash. Perhaps keep them in a hot wallet on a secured machine maybe, if not in cold storage that is easily accessible.
You don't normally get a yield just by holding shitcoins. As in, you hold it, and no one else. And even if you did have a shitcoin like the US dollar, and kept it in a high interest savings account, you normally only get around 1% or less, so I don't really consider that as proper "yield", but the bank does hold your US dollar. You might need the fiat in the account in order to pay your bills or other expenses, that's what we use it for.
In this context, I refer to stablecoins as the equivalent of the US dollar. If you are not okay with that, then I refer to the US dollar as another shitcoin, which you can (or must) hold interim while the rest of your BTC stash appreciates.
I only bring in stablecoins because some people do not like to hold the actual US dollar, or the fiat in a bank account, or maybe they don't have a bank account (in which case, yes, they can probably hold cash, as in wads of paper bills.) Some might just prefer them to be in digital form.
When someone reaches just about FU level status, they want to pull it at that time, then it's always a good idea to have some cash reserves allotted for spending without worrying about volatility. That's what the shitcoins are for. I never said to "invest" them in some shit-platform like those "yield earning" ones, they're no better than just being in your fiat bank account. Perhaps that is where the hostility is coming from.
Again, if you really really hate the US dollar or fiat, I can completely understand your dislike for stablecoins.
As I still pay almost all my expenses in fiat, I have to deal with it. The guy with 230 BTC or 500 or 1000 may not care although I think it's a waste of BTC if one has to spend 30 this year instead of 15 or 10 because they did not plan for the volatility or set aside some as "cash" or equivalents. It's not truly a waste as it all goes back into the rest of the BTC blackhole. I just think it's a better idea to hedge the volatility for a certain time period, like 6 months, or 1 year, or even 4 years.
We also always talk about BTC prices in terms of fiat, and if it goes up, you don't need to spend as much of your BTC. But if it goes down, ... I think that's the purpose of the hedge.
I mean, even in traditional finance, most people don't have 100% equities or stocks. Some have maybe 30% to 50% allocated to bonds, and even 1% "cash". That's where I am going with this. You do make more with 100% equities but I'll probably stick to maybe 99% equities and 1% cash, and that cash is not just sitting in the brokerage account but ready to use, just in case.
You could think of it as emergency funds, perhaps that's the idea and I just said too many other words to describe the goal.
Tell me one other person other than say Elwar, who lives completely off his BTC stash. (and I think he even mentioned he cashed out the equivalent of 4 years into fiat.) ... We will get there one day, where there is no need to convert BTC to USD to pay for expenses directly.
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