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I've been going all-in with my monthly salary for the past few months, essentially leaving the bare amount needed for recurring expenses and groceries in the bank, and trading the rest for Satoshis.
I've been able to hit my targets and plan on doing this until the halving hits, after which I'll simply start saving fiat for severe corrections / the next Bear.
I'm very well aware of the risks involved, however; I'm all for putting my money where my mouth is, and since I'm absolutely convinced in Bitcoin's architecture and chance of being one of the world's most-wanted assets, it's where my money goes.
Some of you might go and ask why I didn't choose to diversify, and the answer to that is simple; Through diversifying, you get to buy the winners as well as the losers...
That, and I hold the opinion that people with little money need to embrace the risk involved in order to actually make some money!
And yes, being a minimum-wage worker puts me in the latter bracket of people with little money to "put on the table".
The above is not as ballsy as some of the moves others made, like taking out big loans ( although I would've done the same if I had the means to), but it comes close.
I'm interested what you guys think about this, and how many of you did- or are doing the same!
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It really depends on your life situation. If you have a wife and kids I would say cease and desist immediately.
If you have very little responsibilities go HAM.
I would rather take the conversation to how can we improve your income, which is the real way to wealth.
Are you taking any online courses? Do you know anyone who is super successful that you could mentor under? Are you tracking metrics at your current job so you can ask for a raise next quarter?
I love the enthusiasm for Bitcoin, I'm all in as well. But income is where real wealth is built.
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I'm not trying to increase my income, I'm just trying to save up enough to escape the rat race. I don't need to impress anyone via my career or income, nor do I want to, I just wanna live my life and move on.
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What rat race?
Who said anything about impressing anyone?
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Assumptions, that's what I feel like when confronted with that topic.
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I don't have enough bitcoin and approximately zero disposable income, but if we're talking never-touch-it savings I'd probably do an 80-20 bitcoin-stonks.
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Hmm, I'm not sure what you're referring to exactly, "never-touch-it" in regards to the bitcoin-stack?
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No just long term savings.
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