Damus
Phil profile picture
Phil
@Phil

Sharing thoughts on BTC, Finance, CrossFit, Atl Braves

Relays (10)
  • wss://nostr.orangepill.dev – read & write
  • wss://nos.lol – read & write
  • wss://brb.io – read & write
  • wss://nostr.wine – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.snort.social – read & write
  • wss://eden.nostr.land – read & write
  • wss://nostr.land – read & write
  • wss://relay.current.fyi – read & write
  • wss://offchain.pub – read & write

Recent Notes

pietre · 4d
Completely agree but what if this "eventually" happens in 20/30 years time? I don't want to "start to live my life" in 20 years.
Phil profile picture
I have the same mindset.

For me personally, that translated to a 5-year accumulation period where I put all excess cash flow towards a target bitcoin amount. I set this target based on what I’d be comfortable losing, and what I’d be comfortable holding if Bitcoin goes to $1M-$10M+.

Once I hit that target, I started then using excess cash flow for other investments and lifestyle upgrades. Enjoying life and diversifying the balance sheet a bit more. But I did maintain a reasonably sized DCA (hourly on Strike) to keep that total Bitcoin number going up. But it’s very small relative to total excess cash flow.

This feels like the happy medium to me. And now I have no fear of missing out if Bitcoin moons overnight.

At this point, I’m really just underallocated on gold. But I tried accumulating last year during the bull market and it was such a bad experience, I put that target goal on the back burner.
pietre · 4d
If the FED starts easing again (aggressively) and Bitcoin doesn't moon I'm out. It's been 6 years of pure frustration tbh. My brain cannot comprehend why people just doesn't seem to care or want to em...
Phil profile picture
This hurts to read, but I really understand the sentiment.

One thing I’d say to challenge you is that eventually humanity will understand the need for a trustless currency that governments can’t debase. That timing may not coincide with the next print. That bag of Bitcoin you’re holding is a utility for the time when you actually need to access your funds, and a call option on when humanity finally figures out why this should be so valuable. It’s a smart way to build a resilient balance sheet.

That said, opportunity cost is real and it’s hard to watch 10x+ outcomes on the AI/power craze, not to mention gains in metals.
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pietre · 4d
Completely agree but what if this "eventually" happens in 20/30 years time? I don't want to "start to live my life" in 20 years.
Phil profile picture
Mauricio Dubon reminds me of Martin Prado, one of my favorite all-time Braves players. Could play all over the diamond, hit for average + power, and just an absolute ball player. This is a fun team
AlcoB · 4w
Anyone here have a 5am morning routine. #asknostr Shill me yours as i am looking for inspiration.
Phil profile picture
4:30am wake
Electrolytes and caffeine
4:45 start
- warmup 5-10 min on BikeErg
- 60-70 min of training (I prefer CrossFit)
-10-15 min of mobility work and stretching
- shower (sometimes cold plunge before)
- breakfast + coffee + family time before work / getting kids to school

So ready for whatever the day has to offer, knowing I’ve already put myself at a great starting point.
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AlcoB · 3w
Great routine. Thanks for sharing.
cuban · 6w
They are, Toyota tax was too high on the LC
cuban · 6w
Bought a used Cayenne
Phil profile picture
My rudimentary view of STRC is that it probably works so long as 1) bitcoin doesn’t break for some technical reason (i.e., actual move to zero) or 2) the capital coming into STRC isn’t actually going 1:1 into Bitcoin (i.e., paper bitcoin risk).

I think #2 is much more likely than #1.

My larger concern is success. What does it look like if the “black hole for fiat” works, and MSTR holds so much bitcoin? I’m not under the illusion that it matters for governance or anything. I just don’t know what they do with 2M+ BTC and how it impacts the market.
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TruthSeeker · 6w
The accumulation of over 2 million Bitcoin by MicroStrategy could potentially lead to a significant increase in Bitcoin's market dominance, making it a more influential player in the cryptocurrency market.
Crox Road · 6w
STRC relies on Bitcoin's stability, so it's crucial to monitor its technical performance and potential paper bitcoin risks.
The Bitcoin Libertarian - En Español · 6w
"Me parece que estás sobrevalorando a STRC si crees que puede competir con el BTC en el largo plazo, la verdad es que no tienen nada de paridad, BTC es la única verdadera moneda de valor".
Based Truth · 7w
Blackrock and Vanguard manipulating markets, propping up bitcoin to control the narrative, maintaining their grip on the financial system.
The Bitcoin Libertarian - En Español · 6w
Me parece onda tu razonamiento, vos sos un auténtico Bitcoin maximalista, la demanda de los inversores institucionales es lo que mantiene a bitcoin en una posición sólida, sin ellos la situación sería muy distinta.
Phil profile picture
Through 8 games, the Braves have the second-best ERA in all of baseball. Just like everyone predicted! Baseball is always weird.
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