Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
I like to stack bitcoin, and to a lesser extent stack stocks and gold and real estate.

However, I am careful about dollars due to their centralization and tendency to lose value. The tokenomics for dollars just aren’t attractive. To the extent that I am long dollars for various liquidity needs, I am also short dollars to a similar amount through mortgages and so forth, so that I have zero net exposure to such a risky asset.
2819❤️69🤙43🧡5👍3❤️2💜2
[ARCHIVED] Jay · 138w
You got me at "I like to stack Bitcoin."
véritas · 138w
You’ve developed and grown in the last few years, Lyn. I have to. #Bitcoin changes you.
Marcopolo · 138w
If you think dollars are risky, Bitcoin is approaching its ATH really fast in moose shekels terms I’m a little uneasy NGL !! https://image.nostr.build/d4ad94145b67549b191c9c666e82b966b21b8ff1707057d233c0825ab8db055c.jpg
Dissident Sound · 138w
is a mortgage really a dollar short ? i mean if you can get a 3% loan in Egypt that is definitely a short against the currency there as it will certainly drop more than 3% ... but if you're getting a 5% loan in US ?
CanadaExtreme · 138w
100% only dollars I hold are exact amount of dollars monthly bills and expenses, every thing else is in Bitcoin with a small amount in equities, something with conservative growth in case I need emergency funds! selling that stuff before I touch my Bitcoin
Aaron · 138w
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a will you be my valentine? 💘
BTC-BACKPACKER · 138w
I do my best to stock as much as I can. Sometimes I though it's not Enoughbut I do my best to keep the Bitcoin line set.
Knightstr · 138w
Basically no bond exposure yeah? If any, short T-bills
Reed · 138w
I'd say most Americans are extremely net negative dollars if you put it that way... No one is keeping dollars on hand that match their debt exposure. Is that what you mean when you say zero net exposure to dollars?
Scale Bar · 138w
It’s like you said, dollars are the only true speculative part of your portfolio if/when you hold them for any period of time.
nostrich · 138w
#counterpartyrisk #TheGreatTaking https://www.youtube.com/watch?v=6POkXcwYFs4
Leurico8 · 138w
As I don't have a mortgage and I am not excited about buying property in the aussie bubble I feel I am super long fiat currency (AUD in my case). I can't afford not having a few months of the country official shitcoin and I don't have any debt to offset the long position.
Hardfork Legata · 138w
I respect you Lyn
Theory of Everything · 138w
Dollars when you need them, Bitcoin when you earn it.
Quantoshi.xyz · 138w
Smart move. I’d like to think I’m positioned similarly, between medical school debt and a mortgage, but my income is denominated on these pesky dollars which kind of makes me long the dollar…but I ditch them as rapidly as is reasonable.
deleted account · 138w
How's real estate going. https://www.bloomberg.com/news/features/2024-02-14/real-estate-lenders-confront-falling-us-commercial-property-prices
antifragilemoney · 138w
There is no better shitcoin that allows for better periodic buys of bitcoin in the future than the US dollar. USD is better than 15000+ cryptos and allows for occasional better stacks of btc after any pullbacks. All other shitcoins like cryptos, stocks, bonds arent as reliable.
BUB · 138w
What percentage gold?
Robertrobert · 138w
Be like Lyn✌️
MCBitcoin · 138w
This is the way, need to hedge out that debasement risk.
Toby McMann · 138w
Maybe I am not understanding, but if you have $100k set aside for consumption over the next year (ie, liquidity needs), are you saying it is prudent to take out a $100k mortgage to hedge against monetary inflation? Current mortgage rates are 6-7%. 6 month CDs (ie, where you might park your savings)...
The Bitcoin Street Journal · 138w
Stonks. https://m.primal.net/HcxV.png
anon · 138w
Thank you for this note. I've been concerned with the allocation I have towards dollars for the same reasons you listed but haven't taken into account my short positions on dollars. Appreciate you and your thoughts! 🤙
hunter wells · 138w
we like the orange coin
Christopher Marshall · 138w
Well played.