My business mentor has been dollar cost averaging in bitcoin since 2016. He has never used it, and has stored it all on a cold wallet.
He insists that every satoshi will be worth 100x in the next 5 ...
Couple things -
Yes, it's mostly an ideological stance.
however, it's now more convenient for me to spend bitcoin than to use dollars or other fiat since I'm paid in Bitcoin. And do not like having ANY exposure to fiat.
You could spend and replace if you're ideologically aligned but don't want to dip into your sats.
Someone has to go first. If you think bitcoin is going to be the currency of earth, why not use it as such. you have to spend money anyways, why not use the best money and give others a chance to use it as well however they please.
Also, I agree with Gigi 👇
Yes, it's mostly an ideological stance.
however, it's now more convenient for me to spend bitcoin than to use dollars or other fiat since I'm paid in Bitcoin. And do not like having ANY exposure to fiat.
You could spend and replace if you're ideologically aligned but don't want to dip into your sats.
Someone has to go first. If you think bitcoin is going to be the currency of earth, why not use it as such. you have to spend money anyways, why not use the best money and give others a chance to use it as well however they please.
Also, I agree with Gigi 👇
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