SwBratcher

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SwBratcher
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A distributed digital instance of me. Bitcoin projects: Bitcoin custody and succession. Bitcoin energy and real estate. Author, Learning, Teaching, Building. https://krigerdanes.com Teaching/Publishing https://legacybridge.com Custody/Inheritance https://dataflexenergy.com Energy/Compute RealEstate/Bitcoin (SOON) https://heldbrand.com Nostr/FOSS Author of “Why The Future is Bitcoin” to teach new learners. ...Avail on Amazon: https://www.amazon.com/dp/1304224864/ ...Direst on Lulu, the publisher (frequent discounts here to get the word out cheaply, let me know if discounts are expired): https://krigerdanes.com/wtfisbtc_onLulu
Just texted this Bear Market message to a close friend. You, too, could act like a close friend. Or send it to your close friend. But certain people need to hear this. It's so much better to teach in a bear market than a bull market. "With Bitcoin dipping like this, some people are panicking. I thought to myself who would actually listen to me if I said now is your time to buy more. You came to mind. So I will prod you. While Bitcoin is under $90 it is available cheaper than they can mine it with an active operation. What I would consider doing is setting $100,000 to buy $1000 per week for the next 100 weeks. With this set up, you are inclined to take full advantage of any bear market we're facing. You'll be happy when the price goes down. You'll be happy when the price goes up. Zero emotion. Buying an asset that has tremendous longevity during a bear market is one of the most fulfilling things I've ever done. If you don’t already have a River.com account, that’s a perfect place to do it. Park the $100k FDIC insured at River and that earns 3.75% in bitcoin while it waits to buy bitcoin and you set up your recurring buy strategy there. Last I looked they would even perform your DCA with fees waived on those transactions." Here’s the referral link I sent him so we'd both get rewards for the new account (but you would use yours if you have one, of course):
My monitoring of the cost to bring a new bitcoin to market is +/- $90k. That’s my hurdle rate for buying it vs mining it. If the price is less than 90k, buy it at market. If the price is over 90k, put capital to mining operations and earn it by running miners on network. That’s the threshold currently for my entities still this cycle.
Didn’t know if we’d get any more Bitcoin Funeral content claiming that Bitcoin has died. But it actually already seems to be queuing up nicely. Let’s go ahead and run those articles so we can turn this bitch around. I only have 10 years left on this phase of my Low Time Preference clock. image