u/Ok-Tangerine4527

1 post karma · -5 comment karma · joined Jan 2021

Ok-Tangerine4527

BITCOIN SCARCITY. That's the difference. There will never be more than 21,000,000 bitcoin in the world. Over 20,000,000 are gone, less than a million left. This is why you want some even a half of a btc will be life changing when btc is worth millions.

Ok-Tangerine4527

I've been buying and holding btc since 2019. I'll put my % against the traditional market anyday. Just buy and never sell. When I need cash I take loans out on my btc tax free. I never have to pay them back if I choose. I took a $20,000 loan a year ago. My liquidation is at $34,000. As long as it never goes below that low I'm golden.

Ok-Tangerine4527

200% is nothing. I've been buying and hodling since 2019. Never sell. You can imagine the %, and I assure it isn't 200%.  I think you must be a trader.

Ok-Tangerine4527

Why remove this post?  Shorting is mean and holds back the rocket. I am sick of shorts. If 95% of us stayed long can you imagine what would happen?

Ok-Tangerine4527

I haven't sold for 7 years. Been buying all along. I'll never sell. If I need cash I take out a loan against my btc. Never sell you assets. Cash is garbage.

Ok-Tangerine4527

Scarcity. Institutional wealth.

Ok-Tangerine4527

Exactly! I have both, will NEVER sell. If I need cash I take out a tax free loan against it. I never have to pay it back if I so choose (as long as it performs better than the 4% interest).

Ok-Tangerine4527

Two years from now when it's 2 mil you'll be wishing you had the stamina to simply hodl. I've been holding for years. I'll never sell. If I need cash I take out a tax free loan on coinbase.

Ok-Tangerine4527

It's not random if you hodl. One way for me. Buy and never sell EVER!  If I need cash I take a long against it tax free.

Ok-Tangerine4527

Accurate is right. You pay zero taxes on a loan. Always take out a loan on your btc. Never touch the asset itself. That's how the wealthy do it and have fir hundreds of years.

Ok-Tangerine4527

Btc Is an asset. The best asset imo. I'll never sell. My kids kids will be taken care of.

Ok-Tangerine4527

Btc is only volitile if your a trader. If your a true hodler you have great wealth as you can always take out loans on the asset (btc). I'm 69 and have 7 btc. If I need cash I get an instant loan via Kracken. But I'll NEVER sell.

Ok-Tangerine4527

NEVER CASH OUT! Do like the uber wealthy do. Take tax free loans out on your assets, including btc

Ok-Tangerine4527

I've made $500,000.00 from a start of $30,000.00 on btc and I've never once shorted. STOP SHORTING BTC!!!

Ok-Tangerine4527

I simply hodl 100%  When I need $ for something I take out a loan on my btc. Zero taxes. It's how the wealthy do it. Never sell your assets.

Ok-Tangerine4527

EXACTLY!

Ok-Tangerine4527

I have all my savings in btc. I never have to sell and if I need cash I take a loan out tax against my btc. Like the wealthy do, never sell your assets.

Ok-Tangerine4527

Yet! And I suspect he'll look like a genius even sooner. I have 80% of my retirement in btc too. 

Ok-Tangerine4527

Me too!!  Getting scarcer every day

Ok-Tangerine4527

Did the same. Except the sell part when it topped. Instead I took out a loan on my btc. 

Ok-Tangerine4527

Exactly!!! NEVER SELL, EVER!  If I need some money I simply take a loan out with my btc as collateral. Always borrow against your assets. That's how the wealthy do it.

Ok-Tangerine4527

Short term enthusiasm

Ok-Tangerine4527

There are only 21 million btc in the world. Over 20 million bought or mined today. Doesn't leave much does it. It's called SCARCITY!

Ok-Tangerine4527

I took a 20k loan out against my bitcoin on counbase and bought more bitcoin with it.

Ok-Tangerine4527

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