Pricing your assets and net worth in #bitcoin is an eye-opening experience.
You may be gaining in US dollar (or other fiat currency) terms, while losing in #bitcoin terms.
I highly recommend this practice.
Login to reply
Replies (7)
So so true when price rises
This is indeed an eye opening practice . Few
Why do you think so many so-called Bitcoiners are afraid to hold a large portion of their net worth in #BTC, claiming that they don't like experiencing huge drawdowns in the value of their net worth?
Unless their #Bitcoin stack is used as collateral for a loan, the massive drawdowns shouldn't phase them, unless all they really care about is their net worth going up in worthless fiat currency units.
Anyone getting paid a salary denominated in any fiat will see their income in bitcoin terms will trend down over time.
On the bright side, the cost of just about all goods will trend down over time as well
Calculate your net worth in bitcoin I’ve said since 2017
Pricing my house in btc has been painful over the past year, been trying to offset the pain by stacking heavily.
My default zap of 21 sats is too high.