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Holistic Hybrid 🌞

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 years, and so it makes zero sense to be spending any of it today.

Curious to hear — what would your counter argument be?

19❤️3🫂1

₿lockchainYog丰 · 48w

Spending Sats is for the humble Bitcoiner, just holding is for the greedy. That’s my take

🐉AT ₿01 · 48w

He is probably right technically but his greed is causing him to be missing out on life. He has never experienced the joy of giving

Matt 🛸 · 48w

I suppose you could spend and replace, but that is an ideological choice at this point. The economic incentive for many people is still store of value. At least from the perspective of those living in a country that's relatively free with access to financial systems. Basically, people are going to u...

paul keating · 48w

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 ...

Derek Ross · 48w

Bitcoin is money. The whole system and movement fails if no one uses it. Hold 90% in cold storage and spend 10% or whatever you're comfortable with spending. Buy and replace is also a nice strategy too.

no counter. Holding is using. Key function of a money. Onward 🫡

1bitcoin = 1bitcoin & 1sat = 1sat Use it how you want. It's yours after all. Not mine.

I buy Bitcoin same day to spend same day

Deleted Account · 48w

He’s 100% right. Spend your fiat, save your btc.

Sadoughshi · 48w

Before Bitcoin, did you spend every unit of fiat you earned, or did you invest some of it? If you’re in the second category, you shouldn’t worry about spending a little Bitcoin. If you’re in the first category, you’re probably too dumb to hold Bitcoin anyway.

BTCrevolutionary · 48w

Spending Bitcoin spreads Bitcoin around faster than hodling.. how can you have an Bitcoin economy when no one spends BTC??

Guy discusses this exact topic in the latest Bitcoin Audible episode. https://fountain.fm/episode/xVFF5Czu48zxUiUwJsGy

danielec87 · 48w

Your business mentor is a smart guy

TheBitcoinBattery · 48w

He's a bit off, I think it'll take 6 years. 😜

Lululuna · 43w

If I’m just hodling to sell for fiat someday— am I really free? I don’t plan to sell. I plan to live on it. One day, I’ll trade sats for a home— no banks, no gatekeepers. Just value for value, peer to peer. Jeff Booth talks so much about this and why focusing on number go up in fiat im...