My (revised) Bitcoin strategy

By LeftFooted | bitcoinea | 9 Dec 2024


I started accumulating Bitcoin a very long time ago. For a while, I was working at a company that paid me in BTC. That's the good part.


The bad part is, for a long time, that was my only income, so I had to spend it. No other way. I had to eat. And Bitcoin was cheap back then, so I had to spend a lot of it.


I still tried to save as much as I could. But of course there are regrets. I still remember my last bitcoin salary before I left the company, at some point in 2019, it was almost 0.5 BTC. Imagine that.


It was something like $1,500 back then. Give or take. It'd be $50k today. That sucks.


But, since then, I only sold BTC on three occasions. Once out of necessity, and twice to take profit. I won't do that again.


Even before the advent of Michael Saylor, who has been capable of articulating his case for BTC to $1 million better than anyone else, I've always been convinced that Bitcoin can't go anywhere but up.


At some point, we will have the world's first trillionaire.


At some point, the world's best-performing companies will reach a $10,000+ stock price.


In the same way, Bitcoin will get to $1 million.


The other day I spoke to a friend, I told him, "I'm fairly certain I'll never become a millionaire through work, with my job. But I'm equally convinced I will become a millionaire with BTC."


So in future I'll be doing what I said I was gonna do but never actually did. Buy BTC every month, a fixed quantity, and never ever ever sell.


If I need cash, I'll sell other things, SOL or ETH or whatever.


If I don't have any more ETH or SOL to sell, I'll borrow money using BTC as collateral.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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