A minor correction:
#Bitcoin is not risk free at all. But when you understand it, it breaks through the fairy tale of the things that are normally perceived as low risk or risk free. Bitcoin *exposes* risk in all its forms where it is usually obscured or dishonestly portrayed.

By revealing the truth and nature of risk everywhere, bitcoin proves itself to be the least risky, and promises a massive reward for those open to seeing the reality of our volatile world. nostr:note1et8hydcmpxsj4g0j3ec8u7pvald9qcfaveujcwze4cugsw87a5vsz3x6fn


I was having this conversation with nostr:npub1lrnvvs6z78s9yjqxxr38uyqkmn34lsaxznnqgd877j4z2qej3j5s09qnw5 yesterday in response to this meme: @note1j37gsx0prh0jru4tq9gy02h8nmqmkrngs70p3z4wdgu8z8gq0vqqtzhdx6

There's a false sense of security when you have your wealth locked up in the bank. It feels good and it shouldn't.
There's also anxiety that comes with holding your keys. It doesn't always feel good. But it should.


I feel the exact opposite 😂


I'm in that second group today. Mostly because I still have a lot of work to do educating my wife and solidifying an inheritance plan for my kids.  I think that's one of the biggest challenges when getting rid of a trusted third party.


BTC is a safeguard against the corruption that runs rampant in the fiat system. BTC is my diversification strategy.

Nothing is risk free, even a hike in the woods could end pinned under a tree or mauled by a bear😅🧡


The way I look at it is that a custodian is guaranteed to rug or be 6102d before your death. Basically a 0% chance to pass on your wealth with a custodian.

So even with an imperfect setup you at least have a non-zero chance of passing on your wealth with self-custody.


You know with certainty when you’re going to die?


No, but I am more comfortable with my setup now than trusting a custodian to pass on my wealth.

Worst case with custodian the coins go to an oppressive govt.

Worst case with self-custody the coins are lost and donated to all Bitcoiners.


Yea I don't disagree with you. The point is that bitcoin isn't a risk free asset. Holding your own keys should always give you a tinge of anxiety, or at the very least awareness of potential threats. Similar to carrying a firearm.


owning a share of highly profitable companies which produce goods and services
needed and appreciated by a large number of people
paying dividends
are lower risk


For sure, it is something I think about daily.


No risk better.


Fair enough. Worst case scenarios are good to account for, but there are many possible outcomes in between those extremes. Understanding the risks inherent in your setup is crucial for anyone. There are many factors to consider in each person’s individual situation. At the end of the day though, he who holds the keys controls the coins. So self custody is the gold (orange?) standard. 😂


Bitcoin is the only non-obfuscated risk.


People thing DOLLARS have no risk.
And in their defense there really is no RISK, there's surety.
Surety what they hold WILL be worth less as time goes by...


Depends on the timeframe. Stocks are highly monetized. Won't always be.


I've always been blocked and abused by the legacy financial system, I had anxiety anytime I opened my banking app, so much so I would only do it once a month.

I had anxiety at first when using a hardware wallet because it was new, but now I feel better than ever being free from the abuse of the bank and credit system.  Even if bitcoin never went up in value I would be eternally grateful for that ability alone.


Tip for audio processing.

Tip for audio processing.


store of value story of btc is a myth
was wrong
destroyed value for me

shares worked as store of value
delivered same or higher dividends when crimes happened and the market went down

i do not care what will happen in 500 years from now


Then you made some really silly decisions. Sorry about that!  No asset has a better track record.


There are certainly caveats to this. There are assets that have performed better than bitcoin from the previous peak to today's price, time frame matters.


sure it was a mistake to buy i agree

now it is too late to sell

that is why i never bought any more

my shares never disappointed me


the whole market did
and they gave you dividends meanwhile. profit sharing

bitcoin gave me nothing but financial pain


Been DCAing into Bitcoin for 7 years.  Have also been deeply invested in various stocks because it's part of my compensation. Although those stocks by and large would be considered winners over the last 5 years, Bitcoin has outperformed by multiples. Idk what you did. Likely bought during the covid top and are now salty. That's too bad. Wishing you all the best!


i made tons of money with shares for decades

lost tons of money with bitcoin on paper
not a store of value
big lie


A minor correction:
#Bitcoin is not risk free at all. But when you understand it, it breaks through the fairy tale of the things that are normally perceived as low risk or risk free. Bitcoin *exposes* risk in all its forms where it is usually obscured or dishonestly portrayed.

By revealing the truth and nature of risk everywhere, bitcoin proves itself to be the least risky, and promises a massive reward for those open to seeing the reality of our volatile world. nostr:note1et8hydcmpxsj4g0j3ec8u7pvald9qcfaveujcwze4cugsw87a5vsz3x6fn


All the risk is around Bitcoin.

Bitcoin has the least risk.

It's why space on the timechain is so valuable.


Sorry you've had a bad time trading! You're objectively in the minority. But I'm sure you're super smart! Good job!


This guy sounds like he is super smart!


Hey doc, just buy small amounts and hold it for 3-5 years. You’ll be happy.


you sound like a bully
one of those with a dog miuzzler on your face harrassing other people


How is that working out to think straight?
🕷