FreeYoda on Nostr: Once one understands #Bitcoin you don't talk or think in percentage. You want to put ...
Once one understands #Bitcoin you don't talk or think in percentage.
You want to put all excess fiat into #Bitcoin as fast as possible only trying to evade the local tops.
What excess fiat is, dependents on many factors, some literary sold their house to get the most #Bitcoin.
For me it ment putting in what most would call savings.
It became the equivalent in value of all my other stuff including my Gold and Silver holdings.
And I decided also my PM was better to be exchanged into #Bitcoin.
The boring BUT is, you have to understand #Bitcoin before one can do so without making mistakes (store it safe, the urge to sell or trade, etc).
I also didn't stop living but did prevent too much spending on a nice car, out eating, big house etc.
I always distrusted banks, government, etc so made some pretty good calls early on, basically spend less than you earn.
Since the financial crisis in 2008 I started serious thinking about the system and started saving outside the system, to switch to #Bitcoin in 2017.
I did that for 8 years and all together made it possible to retire 13 years sooner than society wants me to retire.
For me it was pretty much the perfect road, for example: faster/sooner and I think I wouldn't be able to handle that amount of wealth properly.
A lot of things have to align to be successful/happy, don't only focus on money but more on what do you need to be happy.
Once that is clear make a plan how to get there in a sane way and stick to it.
You want to put all excess fiat into #Bitcoin as fast as possible only trying to evade the local tops.
What excess fiat is, dependents on many factors, some literary sold their house to get the most #Bitcoin.
For me it ment putting in what most would call savings.
It became the equivalent in value of all my other stuff including my Gold and Silver holdings.
And I decided also my PM was better to be exchanged into #Bitcoin.
The boring BUT is, you have to understand #Bitcoin before one can do so without making mistakes (store it safe, the urge to sell or trade, etc).
I also didn't stop living but did prevent too much spending on a nice car, out eating, big house etc.
I always distrusted banks, government, etc so made some pretty good calls early on, basically spend less than you earn.
Since the financial crisis in 2008 I started serious thinking about the system and started saving outside the system, to switch to #Bitcoin in 2017.
I did that for 8 years and all together made it possible to retire 13 years sooner than society wants me to retire.
For me it was pretty much the perfect road, for example: faster/sooner and I think I wouldn't be able to handle that amount of wealth properly.
A lot of things have to align to be successful/happy, don't only focus on money but more on what do you need to be happy.
Once that is clear make a plan how to get there in a sane way and stick to it.