rajatsonifinance on Nostr: Over the last year I sold my stocks I now keep 100% of my savings in #BTC My wife and ...

Over the last year I sold my stocks

I now keep 100% of my savings in #BTC   

My wife and I still own our primary residence and she still owns some stocks (she wants to diversify)

It took me 3 years of studying #Bitcoin    to realize this is the least risky way to save for the future

I believe Bitcoin will outperform everything as a savings vehicle

FOREVER

I plan to hold my BTC for at least 10 years

I am aware of the potential of 70-90% drawdowns along the way

I don't care

Most people don't consider the counter-party risk associated with holding shares of a company

Owning stocks is very risky compared to owning BTC  once you understand how Bitcoin works

Risk is the chance of total loss - a company can go bankrupt, the CEO could make a terrible decision that destroys the company's reputation, etc

When you own stocks, you rely on governments to make decisions that can have a massive impact on the value of your savings

People are easily corrupted and it can be hard NOT to make decisions that are for their own benefit, especially when presented with a threat or a big bag of cash

You have no idea what's going on in the background

Bitcoin doesn't have these risks

There is no central party that controls the Bitcoin network

There is nobody to sue

Bitcoin is software that cannot be coerced

All decisions are based on market consensus

I would rather rely on neutral and incorruptible software to keep doing what it's meant to do, over CEOs and politicians who don't care about me as an individual