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Topic
Board Project Development
Merits 1 from 1 user
Re: [ANN] JJG Sustainable Bitcoin Withdrawal Strategy
by
bitmover
on 10/02/2024, 20:37:15 UTC
⭐ Merited by JayJuanGee (1)

Of course, you still have to consider how much you are allocating to those kinds of shitty products, even if they might perform better than bonds in the developed world, you are still likely earning your interest in a pretty shitty currency that is subject to a lot of risk in terms of its real value as opposed to its nominal value... so yeah, how much to fuck around in any investments other than bitcoin could be a long and indepth discussion that probably takes us away from how we might be thinking about the value of our own bitcoin holdings and how to deal with that.. including that this tool focuses on bitcoin, but at the same time, since it is taking advantage of changes (volatility) of the dollar and likely ongoing debasement of the dollar, we can attempt to create sustainable withdrawal practices around that.. .

I think it is worth to invest in such currencies only if you live there.

All my expenses are in BRL , so it is OK for me if the price USDBRL go up or down

Quote
In which I cannot remember if we might want to add other currencies to this tool.. do you think that there might be some value in that?  I am sure some folks might appreciate looking at their own currency rather than USD (even though surely USD remains the dominant shitty fiat out of all of the various shitty fiats).

I could add fixed value of other currencies in today's rate
 The chart of historical btc price in a hundred currencies is a bit complicated (doable,  but high development time, even to find and fix the data, since 2010)