16 sats \ 1 reply \ @SpaceHodler 19 Sep 2023 \ parent \ on: What is the percentage that you use Bitcoin to settle your daily transactions? bitcoin
Seconded. But having a 10% fiat position is dangerous, because it means having more and more fiat as your BTC stack grows. (Example: Let's say you have 1 BTC and $2700. As your BTC stack grows to 2 BTC and the price goes to $100k, you suddenly have to have $20k in fiat, which impedes your stacking for no good reason).
The percentage of my fiat position decreases over time, because I aim to have a fixed amount of it; not nominally but in terms of purchasing power, namely enough to pay my anticipated bills.
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10 sats \ 0 replies \ @nullcount 19 Sep 2023
Aggreed, 10% could be 1% or 50% depending on the size of one's sat stack and their monthly expenditure to maintain their desired lifestyle.
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