Damus

Recent Notes

2PacStackur profile picture
It depends it’s not going to be the same for everyone. But I think 100% is not a good idea unless you have little to risk in the first place or are really young then maybe it doesn’t matter so much.

If you’ve stack hard enough and long enough eventually the downside risk starts to outweigh the upside potential especially in the late stages in a bull market then it might be wise to consider ways to derisk downside.

If you can’t sleep at night or the when price goes down sharply you feel depressed or extremely anxious then that is probably a sign you are over allocated or over leveraged. If you’re in it for the long term you need to be able to stay in the game and emotionally stable.

If you have 10 years salary saved in bitcoin and it dumps 70% you just lost 7 years of salary. And could take 2-3 years to recover to that previous level.

If you want to stay all in all the time you should at least have an emergency fund is cash or equivalent for when shit happens and opportunity fund for when fire sales happen.
2PacStackur profile picture
No I just don’t expect bitcoin to go up 129,000,000% in the next 20 years 😂 or Bitcoin to be the sole beneficiary of said printing.

hopium quit smoking it
2PacStackur profile picture
What other returns are there? What do you pay your bills with?

When bitcoin goes up in fiat
PURCHASING POWER!!! YEY!!

when anything else goes up
FIAT RETURNS!!! BAD!!

😂
2PacStackur profile picture
Point is returns are diminishing if you expect Bitcoin to perform over the next 10 years as it did in its first 10 years you’re gonna have a bad time.
2PacStackur profile picture
The demand for both is not equal hence bitcoin is currently doing down in value (even with fixed supply) and Monero is going up in value (with tail emissions). And gold value is going up with inflation from mining. These things are not static. The market determines the value.
2PacStackur profile picture
Because supply is only have the equation of value the other half is demand. If bitcoin demand goes to zero so does value doesn’t matter if terminal supply is fixed.
2PacStackur profile picture
I understand why inflation is bad and how it affects purchasing power. What I am saying is all inflation is not equal. The Fed printing money to devalue your savings is not the same as a protocol that allows a small amount of inflation to pay miners to secure the network which benefits the entire network. Amount of inflation and what that inflation pays for matters. And if that inflation is agreed on and known it is not the same as unknown amounts and unknown periods with no benefit to the network overall (ppl using USD). So my point is it’s not all the same thing. Like a sip of wine is not the same as drinking a barrel of wine.