Replies (61)
Listen to your gut.
Listen to your gut. Fuck the rest. If it's screaming in your ear all of a sudden then you should probably listen and take note.
View quoted note →Yes 100%
Some of my clothes are older than bitcoin itself. Stacking sats and disregarding the noise fit like a glove when I was ready to listen. However, it's nice to relax after you've hit that sweet spot. Different ceilings for different people. Tl;dr there's no ceiling.
Good point. For me also a function of stacking enough to potentially meet longer term goals. Also the more it goes up in fiat terms the less you get in sats when you buy, so eventually starts to feel a bit illogical if you have been in the space for over 5 years.
If you started early then yeah stacking at all costs is kinda silly and just a rounding error at some point, and maybe you competing with yourself or want to get to some nice round number for some reason and I guess that's one motivation
Building wealth is only one part of the game, then it's how do you preserve it, use it wisely and create something that generates more wealth for everyone, like a business, investing in your own or someones ideas or talents.
The game goes deeper than stacking.
Agree. You never feel like you have enough sats, but you need to do some sort of internal financial arithmetic to decide when to pull back.
Exactly this brother 🤝
Agreed. Bitcoin probably feels cheapest now tbh I've never seen it more bullish so temptation to keep going hard is always there.
Beautiful banner you have! 💜
100%. Your ability to stack varies too, I've stacked at $3500 but was poor af.
7y is immense strength! Wish I was as smart back then. I remember I wanted to short the corn back in 2017-2018 😂. Before that I disregarded the corn because of the bitconnect fuckery and so on. It's really hard to have a good honest look at bitcoin. Each class had its struggles. Maybe this is fair overall. Hope the newcomers will see it too! 💜
A little tired now ngl lol corn has it's own plan for you, it calls you when it's time.
The missed calls tho almost gave me a heart attack... 🙀 Bitcoin definitely has a mind of its own.
I think the stack and hold purists don't realize that at some point they have to start spending it and spread it around. Invest it. Store it's value in an asset. It's kinda dumb if you need to eat but keep money in a box on your shelf while refusing to spend it on food.
Sacrifices you make depend on your goals. I did without central heating for a year to stack harder. It's ok to squeeze your food bill to buy a big dip but it's only sustainable short term. I think spending bitcoin comes later, much later for me personally.
You guys don't think about this but the moment you buy art with it, you lock it away and it's value raises with the BTC price in addition to tax benefits.
Nah
I think it's important to live a life worth living otherwise no stack is ever going to be meaning full.
I'm learning skills, running a side hustle to develop into a fulltime buisbess, taking care of family etc.
The spare cash after that gets DCAed into the stack.
One day I'll have the network and community around me that'll make the stack worthwhile.
You’re doing it right.
GG bro. Once you go on a bitcoin standard, you ditch fiat for good. The good thing with bitcoin is that it works as money should and keep appreciating in valuez therefore once you hit your savings goals, you can take the pedal off the gas abit.
Yes brother 🤝 I've been self employed almost my working life out of necessity, one tip in this economy: focus on those with money to spend cantillionaires, if your clients are broke doesn't matter how good your business is.
When thinking about how much fiat one needs to retire it's always more than one thinks, when thinking about how much Bitcoin one needs it's always less
Live your life, OP. You’ll never be as young as you are right now.
Well written note Fren 😊 it makes sense to me and I agree with you.
#BTC #Zap⚡#Nostr #FreeJulianAssange 🔥🚀
make sure to always check the FUN box
Scarcest asset in the universe is not Bitcoin. Its time. Low time preference people fail to see that.
Amen brother. Do what’s right for you and your family.
By the time you are two cycles deep, unless you have had a huge pay raise, the amount of extra bitcoin your stacking really drops off. I still stack hard because I like the idea of giving it to the man.
YES
🤝
not too artsy fartsy but music is a must
100%
I like this. So spending money on experiences and things you value are worth it?
Some continuously live in the past and are stuck in the present.
Others only live for the present, never planning ahead for the future.
Then, there are those who sacrifice everything in the present for the future.
It's important to learn from the past, think and plan for the future, while enjoying our time in the present.
While I believe it to be important to lower one's time preference, we have to remember that nothing in the future is a guarantee. All we have is the present moment.
At the end of the day, Bitcoin is the best tool out there for us to store our scarcest asset, time.
Will do 😉
Eveyone has their own dance with this paradox.
A - Live for today, be present in the eternal now.
B - Save for tomorrow, hold something back, give future you a leg up.
bitcarnicoin
All bitcoiners talk about opportunity cost, eating noodles and keeping your old underwear to stack more. I did this. I'm seven years in now and stacked as hard as I possibly could, left nothing on the table. But recently I've hit a limit. It feels like that scarcity mindset stage has reached it's useful conclusion. I'll still sweep excess into corn but the absolute focus on stacking is done for me. The longer you stack the less difference it makes and this alters your priorities. Life has opportunity cost too, no matter how much corn you end up with, you can't go back in time with it. I'm starting to spend on what I value not just what I need. I think once you've done the work and made the sacrifices for your stack, think hard about what comes next.
View quoted note →
All about timing I think, that's unique to everyone
Good one to consider: How much does each extra year of stacking add to the bag in % terms? Thinking BTC not fiat here.
YES
One of the reasons why bitcoin is scarce is so they would be spent
Seriously struggling with this right now. Life has got to a point where I'm really struggling to see the point. If I trade in my stack for life, that is my kids and my future gone. I'm not playing fiat clown world games, but getting my life back would be nice. I'm looking forward to enjoying the payoff of this struggle, but I'm not there yet.
Even in a world where fiat still exists, there is such a thing as having too much bitcoin. I realized early on that I won't be as young as I am today in two or three cycles, and there's a limit to how long I can leave my life on pause to accumulate corn. Considering that has altered my mindset significantly
Good points. Bitcoin has given us an opportunity of a lifetime with the chance to impact multiple future generations. We must balance this with our needs and wants but most important to me is that I make the most of that opportunity.
I don't see it so much as putting life on pause but that your path has bitcoin at it's center for a while and that is part of your journey. You decide how far and how long it goes.
I'm in a similar scenario. Can see your point. Past 7 have been brutal. Running on fumes.
This year is for stacking, next year is for prioritizing other things. Everything you stack today will probably be worth at least 3x as much, 12-18 months from now.
This is a healthy perspective.
Being able to rearrange priorities and adapt is far more healthy than clinging to one focus at all costs.
Congrats I’m getting there
Yep... WORD!..🧡😊
Not to be disrespectful, but I can not take bitcoiners seriously that only think and breathe stacking. There is more in live than playing the NGU game. Much, much more.
Bitcoin is a once in a lifetime opportunity to stake your claim on a fixed supply of 21 million. Previous generations never had this chance nor will future ones get it to the same degree. A period of focus and sacrifice is demanded of you.
Does feel like that but what a ride too. We've gone from fork wars to pension funds in that time.
YES 🤝
YES
And then they arrive at stage two, the medium of exchange phase where they discover that Bitcoin is not the best medium of exchange. Both Monero and cash excell at being a MoE.
Once you're all-in, you necessarily must begin spending your bitcoin...
bitcarnicoin
All bitcoiners talk about opportunity cost, eating noodles and keeping your old underwear to stack more. I did this. I'm seven years in now and stacked as hard as I possibly could, left nothing on the table. But recently I've hit a limit. It feels like that scarcity mindset stage has reached it's useful conclusion. I'll still sweep excess into corn but the absolute focus on stacking is done for me. The longer you stack the less difference it makes and this alters your priorities. Life has opportunity cost too, no matter how much corn you end up with, you can't go back in time with it. I'm starting to spend on what I value not just what I need. I think once you've done the work and made the sacrifices for your stack, think hard about what comes next.
View quoted note →
Feel free to use.
Have been thinking a lot about your OP. The issue for me is that I am trying to make a decision on what I believe my BTC will be in fiat terms in 5-10 years.
You can't know that. Imo stack as hard as you can for as long as you can, doors open along the journey to get you to where you need to be.
