Scrolling through X posts I found this one by @mattkratter
https://twitter.com/mattkratter/status/1693272969769095463?t=tXzcJ4XUjbq65L-B-cae-Q&s=19 which has made me reconsider going all in BTC during this dip... even though im sure there would be some of of you who have alredy done that, I'm curious to know if someone else has considered this scenario? ? ?
30 sats \ 1 reply \ @mallardshead 21 Aug 2023
If you have to ask, it's a subject to ponder wether or not you're ready. Hang around long enough though, and eventually the network becomes boringly dependable, self-custodial actions become habits, like grabbing keys on your way out the front door. It used to be 100% of what I SAVED went into bitcoin. Now it's 100% of what I MAKE and SAVE. I modify my spending behavior and consumption based on bitcoin's quote price.
If you have people you're responsible for, intend on buying a home in the short-term, or struggle to pay any bills, DO NOT put all of your money into bitcoin, because its volatility on this side of monetization will eventually put you in a precarious position.
If you are ready to make this move, make certain your security, self-custody, and hot wallet game is A+, and learn how to use DEX's to avoid all taxable events.
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50 sats \ 0 replies \ @locomancell OP 21 Aug 2023
Thank you, great answer, lots of things to consider. I'm not responsible for anyone else than myself, however I do not own anything else than a little bit of BTC. Some shitcoins (as some maxis would say lol) and some stocks. Definitely need to invest in real estate. I haven't done so because of interest rates being way too high, and I was holding on this to see if the housing market makes a correction, but I don't know if that's gonna happen though...
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1 sat \ 2 replies \ @DarthCoin 21 Aug 2023
Don't buy bitcoin. Is going to crash.
Earn it.
LOL people in 2023 still ask this silly question?
Nice more dats for me.
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0 sats \ 1 reply \ @locomancell OP 21 Aug 2023
Lmfao, BTC gonna crash? It's correcting, it might go downtown to 23k level, is that what you call a crash? Ha amazing!
People in 2023 still think BTC is gonna "Crash" just because it makes a correction. Ay ay ay caramba!
And if it "crashes" to 23k I WILL be buying more, because that's what I do, I buy the dip!
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0 sats \ 0 replies \ @DarthCoin 21 Aug 2023
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0 sats \ 0 replies \ @swmtr 21 Aug 2023
no
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0 sats \ 1 reply \ @nikotsla 21 Aug 2023
The state have the "power" to remove your physical liberty if they think you break their rules, my main issue with 100% btc is that your need to live in a country where you can't go to prison if you "avoid" tax. So... can you pay for all your need in BTC in your country without inform or fill a lot of papers to the tax mas? If you are not in that place... I will think again.
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0 sats \ 0 replies \ @locomancell OP 21 Aug 2023
Hmm great point! Lotta things to consider, you are right
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0 sats \ 1 reply \ @Cloners 21 Aug 2023
This is new Space to me. the more you learn about #bitcoin the more you want to involve to this space.
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0 sats \ 0 replies \ @locomancell OP 21 Aug 2023
Correct
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0 sats \ 1 reply \ @Dash_1971 21 Aug 2023
If you are young and single, sure. If you have a family or are looking to retire in the next 5-10 years, maybe no. I'm more bullish on Bitcoin than many but I'd say it only has a 50% chance of succeeding (which is a lot higher than any other option for SoV but it's still not a slam dunk by any means). Also there is the inheritance problem which is tough if you have dependents. I think you should only be all in if you have made peace with the possibility you might need to go down with the ship.
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0 sats \ 0 replies \ @locomancell OP 21 Aug 2023
Thank you for your thoughts on this. It catches my attention what you said about BTC only having a 50% chance of succeeding. Do you still think BTC will be banned or something? If so, please share your reasons. Thanks
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0 sats \ 1 reply \ @cryptocoin 21 Aug 2023
For the youtube video by Matthew Kratter:
Put 100% Into Bitcoin? | Bitcoin University 📺
#230142
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25 sats \ 0 replies \ @locomancell OP 21 Aug 2023
👌
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