Gurl, YOU are the one who is bearish-always selling when btc goes up and accumulating useless fiat,
That's bearish?
Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so? It seems to me that such a system only works if the underlying asset goes up. It could even be argued that mere use of this ladder implies fundamentally bullish beliefs (number go up). Otherwise, there would be no need for "suicidal buys" on the way down to zero.
Care to explain?
while I mentioned that i would not sell bitcoin (probably ever).
I think I see what you mean here. There are other, possibly more sophisticated ways to put the corn to work - for example, arbitrages or option plays - which however often imply ultimate movements that are essentially sales, or very akin to sales - but I digress. How, if even, does this imply that the more intuitive system is "less bullish" or even "bearish"?
I just do not want to criticize too much, to each their own.
Bearish in a sense that JJG personal goal seems to be fiat accumulation, so he/she is bullish on fiat, bearish on bitcoin (as a final destination).
I prefer the opposite, slowly selling my fiat in lieu of btc. Not 100% as Raoul Pal did, but close enough. Since I am still drawing a fiat salary and don't spend too much, cash flow is not a problem.
Real assets (farm land, properties, timber) to me seem the only use for selling btc, but even then, such sells are probably not needed anymore as soon (maybe already) you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. That does not include additional startegies that you mentioned (selling covered options). Any illusions about lasting fiat value should have evaporated last spring with 25% increase in money supply in one year-again Saylor is very eloquent about it.
As far as tactics, yes, he/she thinks that this is a bullish posture (to sell while asset goes up and buy when asset is going down), but it is an erroneous approach, in the final analysis.
This does not work in a vast majority of cases, believe me, I tried (not in bitcoin) and have scars to show for it.
Only an extraordinary btc mechanics allows for this approach to have
some chance.
Additionally, casually saying "I am rich as fuck"-to me this sounds cringe-worthy, maybe only if you are a Mansa Musa reincarnation, but even then, but I digress, maybe I am too old school for the TikTok/Instagram/Snapchat age.