pull down to refresh
25 sats \ 1 reply \ @ken 18 Sep 2022 \ parent \ on: Daily discussion thread
The question is, how long could you tolerate a bear market, if you're buying Bitcoin on credit? If the price stayed like this for four more years, would you be toast?
Bitcoin is the hardest asset in the world, but it doesn't have to behave on our schedule. I believe the market will shake out all but the longest term holders.
If the price stayed like this for four more years, would you be toast?
No, the price could drop to 0 and I wouldn't have a problem since I still earn fiat and have no other liabilities except a credit where I pay 25€ per month but I don't see this becoming a problem. The only problem I see would be if I lose my job, but that's a risk independent of bitcoin's price in my opinion. And I would have bigger problems then. I also feel pretty safe in my job (or easy to change jobs).
So I could tolerate the bear market indefinitely pretty much.
I basically just want to put my money where my mouth is without doing anything seriously stupid, haha
reply