juraj on Nostr: What others think is not important, but I'll tell you how I make money on inflation. ...
What others think is not important, but I'll tell you how I make money on inflation. The key is not to sell your Bitcoin (then you have to "realize" the loss), but to only use it as a collateral for a fiat loan. There are many ways to do it (I teach about several of them and it depends on how you are spending).
So strategy:
- If you have fiat, buy bitcoin
- If you need to sell, borrow fiat and spend it immediately
- If the interest rate is lower than the price increase (price inflation), that means when you pay it back, you will have to work less for it, so you are increasing your purchasing power the higher the inflation is
- hopefully the bitcoin collateral appreciates, but the key is, you do not have to make a decision to sell it ever.
- as bitcoin appreciates, you remove it as a collateral and back to hardware wallet
People of course don't like risking the collateral in some sort of (ideally decentralized or p2p) platform, but then they sell the bitcoin for consumption, which is immediately losing it completely. Of course there are risks and you need to overcollateralize, but this strategy has been amazing for me. And it actually removes the number of price decisions you need to make: always buy BTC, never sell BTC, spend carefully, but when you need to (not when BTC price is good).
More about this an many other strategies:
https://hackyourself.io/product/cryptocurrencies-hack-your-way-to-a-better-life/
(or https://www.amazon.com/dp/8057043482?ref_=pe_3052080_397514860 and also available in Slovak and Spanish)
And this is a more up to date course for this specific strategy: https://hackyourself.io/product/how-to-harness-the-value-of-bitcoin-without-having-to-sell-it-ebook-mini-course/
But the main strategy is: Have respectful disregard for other people and their opinions on your life 😅
So strategy:
- If you have fiat, buy bitcoin
- If you need to sell, borrow fiat and spend it immediately
- If the interest rate is lower than the price increase (price inflation), that means when you pay it back, you will have to work less for it, so you are increasing your purchasing power the higher the inflation is
- hopefully the bitcoin collateral appreciates, but the key is, you do not have to make a decision to sell it ever.
- as bitcoin appreciates, you remove it as a collateral and back to hardware wallet
People of course don't like risking the collateral in some sort of (ideally decentralized or p2p) platform, but then they sell the bitcoin for consumption, which is immediately losing it completely. Of course there are risks and you need to overcollateralize, but this strategy has been amazing for me. And it actually removes the number of price decisions you need to make: always buy BTC, never sell BTC, spend carefully, but when you need to (not when BTC price is good).
More about this an many other strategies:
https://hackyourself.io/product/cryptocurrencies-hack-your-way-to-a-better-life/
(or https://www.amazon.com/dp/8057043482?ref_=pe_3052080_397514860 and also available in Slovak and Spanish)
And this is a more up to date course for this specific strategy: https://hackyourself.io/product/how-to-harness-the-value-of-bitcoin-without-having-to-sell-it-ebook-mini-course/
But the main strategy is: Have respectful disregard for other people and their opinions on your life 😅