I don't know for sure but to me everything else looses it brillante once you become convicted that #Bitcoin is the apex asset. Also it simplflyed my life once I stopped looking for the next great thing so it is easy for me to do DCA with a set it and forget it Mode. 

 This is the way. 🤙 

 When you buy the best asset in the world why buy anything else? It’s not a maxi thing it’s more a logical decision to buy the hardest asset on the planet.. 

 I agree that Bitcoin is likely the best asset in the world, but what if it proves not to be? Bitcoin is just software created and run by fallible humans after all (not too dissimilar to stocks which are claims to businesses run by humans). Going 100% into any one asset or asset class is risky. Diversification is one of the most important lessons we can take from investing. Buying 100% bitcoin may make you incredibly rich, but it may also make you incredibly poor. We can have faith and conviction that it will go up (like I do), but that doesn't change reality. 

 It is risky but the reward is immense if we are right. If you know something depreciates in value over time, you want to do everything you can to protect your purchasing power. Stocks might be a decent option but having the ability self-custody is a huge utility that is hard to ignore at least for me. Can’t really self-custody stocks. I don’t trust the state not to take people’s wealth in a crisis. 

 Great points. Thanks for your response. Obviously everyone is going to come to a different conclusion about what the correct asset allocation is for them and that will change over time.

Self-custody is a really powerful tool. My grandfather actually had to flee his country to escape genocide when he was 10 years old and his family smuggled gold out of the country by hiding it in his clothes. So I get the value of self-custody and the benefits it provides.

Your point about "not trusting the state" is an interesting one. I'm lucky to live in the USA who I think is more trustworthy than most governments (at least for now). I'm willing to let reputable custodians hold stocks for me, but feel empowered knowing how to move stocks asset to btc self custody if needed in a time of crisis. 

 Appreciate you sharing your story about your grandfather. Thank God he could self custody his gold at the time as I’m sure was crucial to starting a new life. I see Bitcoin in the same light. God forbid something bad happens like what happens to your grandfather I want the ability to take my wealth with me. 

9-11 really changed my perspective on the US government. I don’t trust the people running the government at all as they will do anything to keep power.. Custodians are ok at least you have legal recourse if something goes wrong 

 In times of crisis, unless you were early, you may find that you cannot do anything with your stocks, they are frozen and then they go down with the ship.

If we're not thinking systemic crisis, then the stock can just become next to worthless before you can get it sold.

Here's a crazy story: Celcius was a crypto exchange that had in its terms that your crypto was your crypto. Then they started to go bankrupt and a lot of people withdrew (bank run) and then it froze. Many could not withdraw. The courts ruled that the crypto belonged to Celcius and that it should be used to pay investors before customers.

If it stopped there, that would be a complete story, but then they recently started suing anyone who withdrew a few months before they could freeze assets... people who took their funds into self custody are being sued so that the company can claw back more of their customer's money after the customers felt like they got out safe. These customers did nothing wrong. Banks and trading platforms can behave the same. They just have insurances and other systemic assurances that stop them from doing such drastic things... in many cases, that stop them from going bankrupt. Those assurances are not free, it steals from the poor (and maybe a bit from your left hand) because it fuels inflation. 

 It sounds like you need to study Bitcoin more. As you will eventually realise that it's the best form of money that's ever existed, and storing your time and energy in anything else doesn't make sense. 

 Thanks for your response, Stu. You may be right. But what if you are wrong?  

 I am still a physical precious metals bug, because I believe in self custody, and in a grid-down situation I think it's a good idea to have a universal money that I can exchange locally for goods and services.
But anything digital or paper may as well go into bitcoin, as it's like gold, just better in every way. Sure you can't physically hold it, but that's an advantage when you can just store it in your head.
Bitcoin is like a virus, ultimately it cannot be stopped, even if the internet goes down, nodes and transactions can still be transmitted in other ways.

I've been sniffing around Bitcoin since 2011, and I think we are still at the stage where not many people understand it, and we're early in the adoption S curve, but now enough people get it to really want it to succeed.

Remember how people thought the internet wouldn't catch on? I do. It feels the same to me.

https://video.nostr.build/a2f5b28c2c531090ec5cb7ef0d0be31eb44e10a04aaee9e6f352487580575653.mp4 

 Companies use a falling knife as a baseline of what is profitable or not. It is a falling knife because it is a constant underestimation of what inflation is, or worse still they may not consider inflation at all.

So a company makes $10,000 more profit last year, they seem to be doing well, stocks are up, but this year they find themselves working harder than ever to break even.

When you invest, do you see a 5% annual growth and think: nice 5% growth, or fuck 5% loss?

Inflation is not 2%, 3%, 5%, it really depends on what your lifestyle is like to know for sure, but to be safe, we can say it is really 10%.

Unless you are managing your own accounts and making mad gainz, you are probably doing on average as well as the indexes. They are constantly growing, not because companies are innovating so well, but because they are managing to beat inflation. And then you have some companies in the index in the name of diversification that are profitable but not past inflation that drag it all down.

Diversification made sense when industries could go bang. Tech is cool, but it could be a phase, so diversify to energy and newspapers. Oh newspapers are dead, thank god I diversified to tech.

The thing that is the next tech boom, the next industrial boom, the next automobile industry, is Bitcoin. The other benefit to diversifying was maybe Ford would be king, maybe Mercedes, well Bitcoin has no competition.

Nowadays, no one is making money, the money is a black hole reaching terminal velocity. Bitcoin is the only thing that outpaces consistently and when companies use Bitcoin as a baseline, and when they use it as their treasury to fund things, then they will start to outperform Bitcoin by being productive on a stable base money that isn't a falling knife.

Bitcoin may also be boring by then, perceived to be just stable because everything is relative. Standing on the dollar, Bitcoin is volatile to the up-right. Standing on Bitcoin, the dollar is volatile to the bottom-right. $1 profit is profit because $1 is percevied as $1 even if it dropped to only be able to buy $0.40 of things. 1BTC = 1BTC because it is 1/21M forever. Can't say that about the dollar.

With stocks, you'll see the number go up, you'll feel richer, but it won't last and you will either always be chasing higher highs, or you'll realise that you only got poorer slower than your friends.

With Bitcoin, you'll see your spending power go up. 

 Thank you, BBB. Interesting points to consider.