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75 sats \ 3 replies \ @grayruby 17 Jun \ on: Ego Death Capital? bitcoin
Great team. If I was in the market to invest in the bitcoin venture space they are the first and foremost that I would consider.
I was looking into lightning ventures a couple years back and signed up for their syndicate but decided not to move forward.
In Feb 2022 I had the idea of creating a Bitcoin Bond. 5k per bond and it paid $5/day (including principal and yield) for 4 years. 11.5%/yr. Bond proceeds would get invested 62.5% in Bitcoin, 12.5% in MSTR, 12.5% in mining equities and 12.5% in Bitcoin venture, which is why I was looking into the lightning venture syndicate. So, essentially I was trying to acquire bitcoin/bitcoin adjacent assets and pay out in fiat. Anyways, I had a few people interested but my main investor backed out so he could invest more money in some real estate project that was supposed to pay him 15%/yr (he still hasn't gotten paid a penny from that deal yet). I was hoping to raise 100k but would have been happy with 50k, however, without my main investor I only had about 15k of interest so I just scratched the idea and bought more bitcoin out of my cash reserves.
I was hoping you would respond. I just knew you had considered all this stuff at one point or another.
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When I sold my business I thought my new job would be "investoooor" so I looked into a lot of stuff but in the end I realized it was just a lot easier to convert as much fiat as I can to Bitcoin. I even sold a bunch of other investments so I could buy more bitcoin during the bear and not completely exhaust my cash reserves. In retrospect, I should have just worked more and dumped all my cash reserves into bitcoin but hindsight and all.
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It doesn't sound like it turned out to be too bad a strategy😀
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