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> > In case you find it useful, I'll mention that I use Bitcoin as a store of value: it lets me store a portion of the output of my production (i.e., my salary)
by 1996 6y ago
> > In case you find it useful, I'll mention that I use Bitcoin as a store of value: it lets me store a portion of the output of my production (i.e., my salary) that I don't need to consume right away. Occasionally, I convert a portion back to other currencies and consume it
> But why use Bitcoin for that? You could use GME shares and get the volatility without the crazy power usage, or use a stable ETF.
Because if you plot the BTCEUR, the EUR ETF of your choice, and GME *USDEUR over the last 10 years, and apply a moving average equal to your financial buffer (say 6 month), you will see one is clearly trending up: BTC
Someone who put 1% of their income or use DCA to regurlarly buy an equivalent amount of BTC, GME, any ETF will quickly find than the BTC represent 90% of their saving, meaning it grew much faster than anything else.
It's not the volatility or the greeks, but the time trend if you can afford to delay your spending!
If you spend 2/3 of your saving to acquire something that you realize is worth 9 times less than what the other 1/3 of your savings purchased, you quickly stop and reevaluate your automated purchase decisions!