Seeker of TRUTH. God and Jesus, Family and love, BTC and Freedom. Be kind!! Zoom out! Thoughts become things!!
Toronto, Ontario
Joined April 2022
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My BTC journey started as pure speculation!
I stayed for the revolution!
I had no idea how deep the rabbit hole was and it has truly changed my worldview!
From money to health to food to spirituality to relationships - Bitcoin has changed everything!
🐇 🕳️
IM STILL FALLING!
Take out a portion of the equity via a HELOC.
Taking out 25% / $325k and smash buying 4 BTC would be a no brainer.
If Jason or Chamath really believed this nonsense they would short BTC.
They don't - So they won't!
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
$300k after taxes and “work” related expenses like commuting, lunches, attire likely gets whittled down to $120k / year.
Giving up the best 5 years you have left for an extra 25% in retirement savings?
Screw that…..
Stick it all in $SATS and collect the exact same $300k while doing whatever you want (but you already did the math didn’t you - 😂)
I asked grok to run the same numbers for Canada - even scarier results here 🤦♂️
Apparently compression is at 2.28
I guess I shouldn’t be surprised given Mark Carnage is now running the show.
@grok How much do you need to make in Canada to be a top 5% earner?
Where does $100k put you in % terms?
@grok can you run the same numbers on wage compression for Canada
The UK has a far flatter income distribution than the Communist Soviet Union.
The UK take home minimum wage for working a full time job (40-hours) is now £22,555.
At £100k salary, the take home is £68,558.
That is a net income ratio of 3.04:1
We are now at the point where the wage compression and taxes in the UK means that the difference between minimum wage and a top 5% salary is a net income difference of only ~3x.
In the USSR using the same comparison, this figure never fell below 5:1
It's actually even worse in reality because the person earning £100k in the UK often has student loans.
Britain is nominally capitalist but functionally communist. China is nominally communist but functionally capitalist.
Funny how that works.
I have been a Buffalo Bills season ticket holder for 10+ years. Go to 5+ games a year and have NEVER had a bad experience.
The Americans have always been AWESOME to us.
We vacation as a family in Florida every year and it has always been 100% positive as well.
Don't believe the fake division - Completely fabricated.
Exactly!
Patience is key.
Know what you hold, avoid leverage and wait.
It's not sexy, it's not exciting, it will not get your endorphins firing every 30 seconds - but it will allow you to sleep like a baby and ultimately end up much better off.
Yet my brother in law said the following 2 sentences to me as recently as Sunday:
1. You’re not still buying bitcoin are you?
2. Everyone I’ve heard try and explain that to me makes it sound like a Ponzi scheme
🤦♂️
……something something something - at the price they deserve…
Option A every time!!
But I’m ditching that rental property and putting all the proceeds into SATS or STRC for hassle free income as soon as I can 😂.
We have around $200k on our primary residence (at 2.89%) and around $40k on my car (at 4%).
We have assets (mainly BTC and BTCTC's) that could pay them off several times over - but why on earth would I do that?
I will happily let my investments out pace the interest while our government also debases the debt - lol.
After reading this post it would seem that I also agree with @ZynxBTC on 99% of things.
But maybe more importantly I might agree with 100% of the MSTR thesis held by @d_1awrence
I am happy to let @saylor cook - I trust he knows what he’s doing!!
