joncrisp on Nostr: It doesn’t have to be significantly more. If your expenses were 75% of your ...
It doesn’t have to be significantly more. If your expenses were 75% of your paycheck then bitcoin would have to draw down 26% between the time of paycheck to bill pay day for there to be an issue. Not unheard of but unlikely to happen repeatedly.
Not only that, it would only be a problem for the one paycheck.
I’m with you on having an emergency fund but you don’t need 2 years of fiat sitting around and melting away.
Published at
2024-12-29 14:19:00Event JSON
{
"id": "f9bdef8c2ebc24eb07db90c871fd5e51ba9cfd24cb4e7f900029e5157c742ee6",
"pubkey": "656a6efaa96d1d903ff56dc3c6a0fb80fce2ef5d68d4faa83ea58d12ec0bd10e",
"created_at": 1735481940,
"kind": 1,
"tags": [
[
"e",
"2ec694c17c1cfa9fbfac7ef4961b818b5fc716c21515a62128dd1990c8492056",
"",
"root"
],
[
"e",
"ffc0bc1b7c85b52f61aff5c68830a72eb352e71d2c04bac66ebdc035f14b67d5",
"",
"reply"
],
[
"p",
"880c2dd009506cf91f29f3dbe659ec480d8290d2a851c2ecf25940b739bde81b"
]
],
"content": "It doesn’t have to be significantly more. If your expenses were 75% of your paycheck then bitcoin would have to draw down 26% between the time of paycheck to bill pay day for there to be an issue. Not unheard of but unlikely to happen repeatedly.\n\nNot only that, it would only be a problem for the one paycheck.\n\nI’m with you on having an emergency fund but you don’t need 2 years of fiat sitting around and melting away.",
"sig": "d8f29e528336a50ec0994feeb3eeca8665340b3c9086523f9b0fac515d71bc04223ba911e13e47491c8b8432056331277263a3a8334d97500e0eb3b7c52b4c31"
}
