Clayton's avatar
Clayton Clayton@primal.net 6 days ago
I haven’t heard a lot of people talk about the fact that even if bitcoin drops to our cost basis, we’ll still be some of the richest people around. Why? We have conviction. We go all in. We build businesses to buy more bitcoin. We don’t buy things we don’t need. We save. And when Bitcoin drops, we work even harder. And when you’ve done all of that, you don’t even need Bitcoin to go up. You’re set for life. And when Bitcoin inevitably pops off again, it’s just gasoline on the fire. @ODELL

Replies (12)

FREEDOM's avatar
FREEDOM 6 days ago
If Bitcoin went to zero tomorrow, the habits it taught me would still make me wealthy.
Dug's avatar
Dug Dug@primal.net 6 days ago
🫡🙌. The value is not measured in dollars, the value is measured in the ability to say “fuck this shit”, get up and leave with you wealth in a small “calculator”
Default avatar
npub1wq8a...xxan 6 days ago
sure. if you don't want to define "richest" as having the most purchasing power. but then, you don't even need bitcoin. go live in a rural 3rd world country and enjoy a life focused around family, hunting, gathering, community.
1 replies ↓
Default avatar
npub1ah3a...l76e 5 days ago
You put too much faith into faith and to little thought in critical thinking. Else you would have fully hedged your bets with gold, silver, Monero (and maybe even bcash if Core devs go down). Unfortunately the maxi religion didn't allow for that, which left you all in a vulnerable place. It's not that you haven't been warned by OGs for years that Bitcoin has its own tradeoffs one shouldn't ignore.
1 replies ↓
Clayton's avatar
Clayton Clayton@primal.net 5 days ago
No we do have a lot of purchasing power because we work hard, make money, live below our means, and save in bitcoin. If you did that in fiat you would also rich. But you are not incentivized to do that because of inflation.
1 replies ↓
Default avatar
npub1wq8a...xxan 5 days ago
Prior to bitcoin plenty of people worked hard, made money, lived below their means and saved money. Even today in a world where bitcoin is 16 years old, most wealthy people who do the above and are objectively rich have 0 bitcoin. Don't confuse the bubble we are in with the big picture. There are billions of people in the world. I doubt 10 million people hold self custody bitcoin with over $10,000 of purchasing power.
1 replies ↓
Clayton's avatar
Clayton Clayton@primal.net 5 days ago
You’re missing the point. An individual who lives below their means and saves the rest for the future will always be wealthier than people who spend everything they make. Bitcoin incentivizes that lifestyle by lowering your time preference.
Default avatar
npub107r4...enr3 5 days ago
"set for life"... said the rich man who laid up treasures in his storehouses, and then had his life abruptly taken. Be more worried about what you do with your "wealth".
1 replies ↓
↑