MultiversX Tracker is Live!

What it feels like to adopt the bitcoin standard when it counts

Bitcoin Reddit

More / Bitcoin Reddit 81 Views

I'm not an OG and this is not financial advice. Any financial advisor would say my investment strategy is foolish. That said, if you're the kind of person who would take the advice of a stranger in an internet post, investing isn't for you maybe you should follow me. :P :D

I'm approaching 50 years old, and I store virtually all my buying power in bitcoin. When you're young and you hold a small fraction of a bitcoin, that's great and keep stacking, but the financial risk is relatively low. Your total portfolio value is still dominated by the value of your own time and your ability to transform it into buying power over the coming years. For me at this age, yes I still have a good decade left, maybe two, but I can sense that my ability to keep staring at a computer to pull buying power out of it is waning. The physical feeling of aging "over the hill" is real. The 25 years worth of buying power I store in bitcoin is becoming harder to replace if it all goes south. One of my kids is special needs as well, so it's doubly important that I get it right. Retirement is on the line.

My entire life, I've been worried about retirement. I first started getting enough money to worry about it around 2008, and you can imagine how that went. Watching the market collapse suddenly, I was filled with a low level anxiety that it was going to be very difficult to get enough to retire. I need to make 5% after taxes? What am I Warren Buffett? How am I going to do that? Even then, it only gives me a 90% chance of not going busto before I die? Yikes, for me that was scary. I don't want to gamble on retirement, I want to be sure. But I saw risk everywhere.

With bitcoin, I finally feel I've found an asset I can trust to have value far into the future. Do I expect the buying power of one bitcoin to go up dramatically? Yes. But that's not why I own it. That's just why I'm not diversified at the moment. When bitcoin's volatility dies down and it becomes the most boring, gold-like asset, yes I'll diversify for the free lunch of investing, but I'll always hold a big chunk of bitcoin. For me, bitcoin isn't about huge gains and generational wealth, it's about finally having a safe haven I can trust to be around for my kids when I'm gone. I just don't see anywhere else to put my buying power with nearly the same conviction.

Bitcoin is the unit of buying power humanity never had. I measure my expenses in bitcoin (falling fast!), and when I earn buying power for my work I store it in bitcoin. Despite the volatility, I've never felt so secure in my financial future. I don't worry about the massive debt in the US, or political instability, global wars, or... anything really. I sleep soundly knowing that 1 BTC = 1 BTC, it's a perfectly formed, decentralized empty box, the perfect vessel for storing buying power. The world will know it too soon enough.

Satoshi is dead, long live satoshi... and good luck us!

submitted by /u/BitcoinBaller420
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments