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Micael35d ago
Never sell your bitcoin... Borrow against your bitcoin.. Lend your bitcoin to a third party... Borrow fiat against the bitcoin you don't hold anymore... This is so fucking RETARDED! Wake the fuck up! Bitcoin is money, money is the most saleable good of the economy. You sell money every time you buy something. Sell = spend. We want to destroy fiat, no to prolong its life through bitcoin collateralized loans. Low time preference means you only buy what you value more than the money you hold. Just make strategic and smart purchases when you really need/want something... Don't get leverage to spend, thats more than retarded. Never borrow to buy something... If you need credit to invest use the fiat system but not your bitcoins. Liquidations will be triggered by banks, period... This is a game you are not supposed to play because banks ALWAYS win, and they can always manipulate the game. Learn from fucking history. REMEMBER WHY WE ARE HERE You can't kill a parasite if you keep feeding it!!!
πŸ’¬ 17 replies

Replies (17)

Micael35d ago
Exaclty. The worst paft is that interest rates are crazy high
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Micael35d ago
He knows this very well
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Achilles35d ago
I enjoy observing true plebs turning toxic against everything fiat represents.
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Choke35d ago
the interest rates are completely fair: would you rather A) keep $100k in fiat and earn 13% B) keep 1 BTC thats the free market rate -- no one who understands bitcoin wants to settle for 9% or 7%...or whatver you think is a "fair" rate. Don't borrow against more than 5% of your stack. The less bitcoin I sell, the less I pay in taxes. Yes the loan is only 12 months, but just take out a new loan to pay the old...I would rather a longer term, but you can just turn it into a rolling loan. I generally use 50% of the loan to pay for big ticket things (recently a propeller) and the remaining 50% to buy more bitcoin. If you don't understand how to use it, don't. If love the optionality @c4eabae1…61cbc4e0 has given us!
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Micael35d ago
I am not funding pedofiles with my bitcoin, but you are free to do it.
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Micael35d ago
We have to repeat this forever
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Micael35d ago
Most are (at least on twitter) not here of course. IQ levels are higher than anywere else
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Micael35d ago
There are many reasons nobody likes you. I am going to silence you forever bot/fed/retard/troll or watever the fuck you are
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Toxic Bitcoiner35d ago
The Great Taking playbook
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Telluride35d ago
Everyone should be familiar with this documentary. It’s available free on YouTube I’m pretty sure. πŸ§‘πŸ»πŸ‘ŠπŸ»
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FREEDOM35d ago
You don’t beat a rigged game by adding leverage. You beat it by refusing to play. Spend sats. Starve banks.
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Micael35d ago
EXACTLY
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Mynymbox - Privacy friendly hosting solutions34d ago
Moved all Bitcoin to Monero πŸ˜‰
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Baerwaldt ⚑️34d ago
Mic drop 🎀
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RyanZakMusic34d ago
Tis true. It's a very valuable skill to stay humble and stack sats.
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4734d ago
πŸ«‚
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Printer34d ago
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