reply on: How can one create passive income through one's bitcoin (profits)? \ stacker news ~Personal

947 sats \ 9 replies \ @freetx 9 Feb \ on: How can one create passive income through one's bitcoin (profits)? Personal_Finance

I think the risk / reward isn't going to be worth it.

I doubt you'll be able to earn more than 4-5% in a passive scenario. If price is going up 35% per year....why are you worrying about another 4% given that one scenario has 0 counter-party risk and the other is 100% risk.

230 sats \ 8 replies \ @Fabs OP 9 Feb

Because prices can also go down 70% over a period of two years.

30 sats \ 2 replies \ @freetx 9 Feb

then hold for 3 years.

33 sats \ 1 reply \ @Fabs OP 9 Feb

I'd reckon dude's like you get a mortgage on the house and go all-in on BTC because "it'll work out, just wait three years."

It could, or it could fuck you in the ass.

0 sats \ 0 replies \ @orange_crush 10 Feb freebie

deleted by author

105 sats \ 4 replies \ @doofus 10 Feb

Learn about low-time preference behavior. Embrace stoicism.

545 sats \ 2 replies \ @elvismercury 10 Feb

I hate this take so bad.

Q: "Hey, I need stuff to live my life."

A: "Embrace low time-preference behavior!"

You know what else you could do? Move to a warm-weather climate and live under a bridge in a cardboard box. Try not to move around too much so as not to expend precious calories. Stoically experiment with just how much you can smell like piss before it compromises your ability to stack sats.