Quote from: Biodom on Today at 02:21:57 AM

Quote from: d_eddie on Today at 01:03:36 AM

Quote from: JayJuanGee on March 13, 2021, 10:50:20 PM

Quote from: Biodom on March 12, 2021, 01:12:58 AM

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?

Quote from: Biodom on March 12, 2021, 01:12:58 AM

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).

Oh gawd... you hardly make any senses, Biodom.

Quote from: Biodom on Today at 02:21:57 AM

I prefer the opposite, slowly selling my fiat in lieu of btc. Not 100% as Raoul Pal did, but close enough.

Using shitcoiner Raoul Pal as an example about what to do.. give me a fucking break.

Quote from: Biodom on Today at 02:21:57 AM

Since I am still drawing fiat salary and don't spend too much, cash flow is not a problem.

Of course, having cashflow from other sources helps to determine how much bitcoin to spend or how much you might need for a passive income off of it.. so do you want to keep working for your cashflow or not work and just live with the same income from your bitcoin?

Quote from: Biodom on Today at 02:21:57 AM

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,

Have you ever heard of food, lodging, hookers, lambos and blow?

Quote from: Biodom on Today at 02:21:57 AM

which M. Saylor keeps bringing up, but not many on WO are listening.

There are a lot of techniques that peeps can employ, including having a variety of techniques.

Quote from: Biodom on Today at 02:21:57 AM

Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs.

Might work for some peeps and might not be necessary for others.. for example if your target is to have $3,333 per month then you could have that with $1million in bitcoin value.. of course, I would be using the 208 week moving average so 100 BTC.. creates a sufficient cashflow based on current 208-week moving average which is at $10k. There are other ways to formulate as well.

Quote from: Biodom on Today at 02:21:57 AM

That does not include additional strategies 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.

It's an approach that works quite well, thank you very much.

Quote from: Biodom on Today at 02:21:57 AM

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.

Been working pretty good for me so far.

Quote from: Biodom on Today at 02:21:57 AM

Additionally, casual pressing "I am rich as fuck"-to me this sounds somewhat cringe-worthy, maybe only if you are a Mansa Musa reincarnation, and even then, but I digress, maybe I am too old school for the TikTok/Instagram/Snapchat age. Besides, on some subreddits such claim would require mod validation. Not here, though, which does not add credibility.

Rich as fuck can be a relative term. So let's say for example, you have a requirement to have at least $1k income per month to maintain your lifestyle, then if you make $3k per month then you might consider ur lil selfie rich as fuck because you have 3x the needed amount. Of course, there are other variations of rich as fuck, too... So we may or may not need to get into details depending upon what point is being attempted to be made. We already talked about your goal to have something over $10k in monthly income.. I cannot remember exactly.. it might have even been $20k per month, and I said that seems a bit much, but I was attempting to try to work with you about those numbers, as well, in terms of trying to frame the issue and how much BTC you might need in order to generate those levels of income and thereafter feel comfortable in terms of long term sustainability.