Thanks for sharing Katie. I fall into the ‘generational wealth’ bracket. If you could borrow against your bitcoin, locked in escrow, with an ever increasing value, then the equation changes. Whilst there are some options available today, safer and more favourable options will quickly follow. In fact this is the topic of my ebook - the locked liquidity trigger. Thanks for sharing.
Hello Katie, I find myself in a completely different classification. I’m over 60 years old with no house or IRA or 401k etc. you get the picture. I started to purchase bitcoin and altcoins about a month ago. I have some savings collecting cobwebs in savings accounts, not much tough. I’m moving all into my Kraken exchange account and then to my Tangem Wallet. My expectation, being somehow immersed into learning the cryptocurrency world it that I’ll be lucky and hit one of the altcoins that I have researched and from there get some more income to purchase more Btc. All this not for my necessarily but for my family. In any event can you talk or address the situation in where I find myself regarding learning cryptocurrencies, I bet there are many people in similar situations. Thank you very much for your contributions and last question, do you accept sats, how?
Hi Erick, I focus only on Bitcoin and not altcoins, it’s my opinion that all altcoins are more or less purely speculative, as none have all rhe properties of Bitcoin. In your situation, it sounds like you are trying to build some wealth in the future for your family. I’d say you are definitely in the first category - buying Bitcoin and hodling for the future.
I do accept tips in sats via my lightning wallet. In my last post I explained how to do this, and I am now giving thanks to anyone who sends a small tip via lightning, in my next video/post. But please do not feel that any tips need to be a significant amount, the goal is just to get people transacting on lightning.
Love this nuanced take on spending vs hodling. The lifecycle approach is really practical bc most Bitcoin advice is just binary maximalism. I've seen alot of ppl in the middle category who feel guilt about using any sats, but that fee market point is underrated. Network needs transactions to stay secure longterm, not just everyone sitting on cold wallets til they retire.
Thanks for sharing Katie. I fall into the ‘generational wealth’ bracket. If you could borrow against your bitcoin, locked in escrow, with an ever increasing value, then the equation changes. Whilst there are some options available today, safer and more favourable options will quickly follow. In fact this is the topic of my ebook - the locked liquidity trigger. Thanks for sharing.
Hello Katie, I find myself in a completely different classification. I’m over 60 years old with no house or IRA or 401k etc. you get the picture. I started to purchase bitcoin and altcoins about a month ago. I have some savings collecting cobwebs in savings accounts, not much tough. I’m moving all into my Kraken exchange account and then to my Tangem Wallet. My expectation, being somehow immersed into learning the cryptocurrency world it that I’ll be lucky and hit one of the altcoins that I have researched and from there get some more income to purchase more Btc. All this not for my necessarily but for my family. In any event can you talk or address the situation in where I find myself regarding learning cryptocurrencies, I bet there are many people in similar situations. Thank you very much for your contributions and last question, do you accept sats, how?
Hi Erick, I focus only on Bitcoin and not altcoins, it’s my opinion that all altcoins are more or less purely speculative, as none have all rhe properties of Bitcoin. In your situation, it sounds like you are trying to build some wealth in the future for your family. I’d say you are definitely in the first category - buying Bitcoin and hodling for the future.
I do accept tips in sats via my lightning wallet. In my last post I explained how to do this, and I am now giving thanks to anyone who sends a small tip via lightning, in my next video/post. But please do not feel that any tips need to be a significant amount, the goal is just to get people transacting on lightning.
Thanks for reading 😊
'last post...' I couldn't find it. Substack is hard to navigate in my opinion.
That meme is awesome. 😂
Thanks - I made it myself 😅
That's a nice post!
Nice read📈
Love this nuanced take on spending vs hodling. The lifecycle approach is really practical bc most Bitcoin advice is just binary maximalism. I've seen alot of ppl in the middle category who feel guilt about using any sats, but that fee market point is underrated. Network needs transactions to stay secure longterm, not just everyone sitting on cold wallets til they retire.