Maybe I am missing the point, but conventional teaching is to have utxos about 1,000,000 sats tranches.
But if Bitcoin is 2-3 million, 500000 sats would be 10-15,000 each. Shouldn’t we have some smaller utxos for smaller purchases in future?
I buy bitcoin into multiple wallets and multiple avenues, with daily, weekly and biweekly dca. What is best way to not manually enter every transaction for tax purposes. Have been buying bitcoin for past year.
Thinking of buying a Bitaxe for lottery mining. Willing to spend a couple of hundred dollars. What is best bang for buck that won’t get me kicked out of the house.
Does anyone keep separate wallets to separate a portion of their stack for kids?
If so what wallet?
I have never used cashapp until recently, and have been a diehard strike user. But cashapp is cheaper than strike Coinbase or river for spot buys.
I still dca through strike, but has anyone else noticed this?
Have any non-OGs since 2020 achieved FIRE with Bitcoin stacking and just DCA. Would love to hear your stories.
This is a question. I really been wondering about recently. With Strategy continuing to buy bitcoin most weeks, ETF and flows to increase as 401(k)s have access to bitcoin ETFs and plebs like us doing daily, weekly or monthly DCA, how much constant buying pressure is there? This is important to know because if there’s any technical change in this constant demand curve, the number will shoot up.
For example increasing retail FOMO, Strategy Strive XXI and metaplanet continuing to accumulate weekly bitcoin, more Bitcoin ETFs growing as more financial advisors get the word out there and people adjust their 401ks, and network effect increase.
How much is this? My guess is somewhere around 30 billion per year.
Does anyone know?
As much as we would like to say all in on Bitcoin, that is a simplified version of many of our lives. Many of us discovered Bitcoin later in our lives and have money in other assets from our pre-orange pilled lives.
Has anyone used a financial advisor knowledgable in Bitcoin and okay with 50% stack in BTC. Not somebody who is going to tell you to put 5% in ibit if you want to be aggressive. Nor somebody trying to manage assets.
I mean for estate planning, tax help, college financing with bitcoin, Bitcoin lending, etc….
Right now, Medicare covers everybody over the age of 65 in the United States. As AI improves longevity, this number of people in this age, even with the decreasing population is going to grow. Medicare and health insurance is going to implode and the only way to afford these new technology’s will be with the best money ever created.
I have no idea when this is going to happen, but it will affect all of us. Longevity is going to be similar to cosmetic surgery, not a right but a want.
Stay humble and stack sats and enjoy the next 100 years.
Or just family and friends. The few times I have tried, it was met with a lot of eye rolling, lectures on what a Ponzi scheme and bringing up the guy who lost his hard drive in the dump.
It doesn’t seem worth it. But I think in other circles of people you care about, extremely important.
Or should I just keep my password buried in an old can of chunky soup in the backyard.