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Jake Woodhouse23d ago
Biggest lesson of this bear market: When using Bitcoin as your primary means of value storage, the volatility to the downside is a risk to never forget, so if you’re ever considering large capex opportunities, such as a renovation, if, and only if, you feel wealthy enough in that moment of decision, you proceed, and you take all the money off the table to ringfence for the project, and manage a predictable cash flow I didn’t so this… I wish I had
💬 4 replies

Replies (4)

ck23d ago
#1 rule in personal and business bitcoin finance management in my mind is to have enough fiat or fiat cashflow to cover known fiat liabilities or expenses over the next 3+ months depending on your situation. This is especially important in a down or sideways market but still a good strategy even in a bull market. We are early staying in the game is key.
0000 sats
Jake Woodhouse23d ago
Good strategy I think what’s so interesting is how complacent id become Drunk on 18 months of high prices
0000 sats
the axiom23d ago
early? we are the end of this stupid game
0000 sats
𝕞ptf23d ago
We all expected a bigger ATH this cycle to be fair. 100k seemed low to take funds off the table.
0000 sats