#Bitcoin is your retirement. ๐
Here's your guide to retire early and live stress free.
๐งต A thread.
1/ Some basic principles first:
1๏ธโฃ #FIRE = Financial Independence / Retire Early
2๏ธโฃ #FatFIRE = over $150k/year in income
3๏ธโฃ The 4% rule = how much you can withdraw without running out of cash during retirement
But that's TradFI talk & we can do better. ๐ฅ
Hello #Bitcoin ๐
2/ That 4% rule is smart, but you are smarter.
By the time you retire, one #BTC will be worth over $1 mil.
Buying it now, AT ANY PRICE, gives you a huge positive risk/reward.
It's 1 to 40. You can make 40x by investing $25k today.
Here's the secret - YOU NEVER SELL IT! ๐
3/ Use your #Bitcoin to become a liquidity provider (LP) to DeFI markets instead.
As a LP, you will receive sustainable payouts from platform fees.
In DeFI, these payouts can go to over 20% / year on your BTC!
That 4% rule (from 1994) just became obsolete.
Examples next ๐
4/ At the time of this post:
๐ธ LPs on #GMX via #GLP get 21% APY on their BTC (pic)
However, you are exposed to ETH and stables too. Don't worry!
๐ธ LPs on #GMD, built on top of GMX, get 19% on BTC alone!
And you never have to sell it! ๐คฏ
Why would you hold only BTC? ๐
5/ Less risk and a massive return on the best asset in the world.
BTC does not inflate, it will hit 0 inflation (pic)!
Why would you hold USD that will kill your purchasing power over decades due to inflation?
The best part?
BTC does all the work for you, for free. ๐
6/ LPing your #BTC will give you a passive and sustainable income, every month (pic).
It will not devalue and you have full custody. At 0 "management cost".
All you have to do is buy it. That's it.
Let's imagine it's 2035 and you're in your 50ies thinking about #FatFIRE. ๐
7/ APY scenarios if one #BTC is $1 mil & you use it to provide liquidity:
@ 4% = $40k / year = $3.3k / month = #LeanFIRE!
@ 10% = $100k / year = $8.3k
@ 15% = $150k / year = $12.5k / month = #FatFIRE!
@ 20% = $200k / year = $16.6k
19% is possible TODAY - see pic!
Next ๐
8/ Over time, BTC's price will continue to go up.
If you compound it without withdrawing while providing liquidity you will have a huge bag of BTC later!
That APY % can be quite low if your bag grows steadily before FatFIRE!
Start early, get FATer later. ๐คฃ
Risks next. ๐
9/ There is no #DeFI on BTC chain.
Your BTC will likely be on Ethereum or another chain to provide liquidity (wrapped - #WBTC).
This is an added risk + you need to trust the smart contracts.
GMX, GMD + other DeFI platforms could get hacked.
Do your due diligence!
Next ๐
10/ NEVER sell your BTC and NEVER risk it all!
Only BORROW against it (as collateral) if you need cash. Don't sell it!
Then pay back your loan. Don't give up your golden egg.
Plan NOW. Focus on the big picture and use a cold wallet (a must).
What about alts? ๐
11/ Instead of chasing the next 100x, play the long game:
1๏ธโฃ Accumulate BTC anyway you can
2๏ธโฃ Sell altcoin profits into BTC during bull markets
3๏ธโฃ Buy during bear markets
4๏ธโฃ Farm yield with your BTC
...
โ
FatFIRE!
What's stopping you? ๐
12/ Bitcoin's price is volatile, yes.
BUT.
As its market cap grows, volatility will decrease.
That means LESS risk for you when you retire! It's perfect.
Don't be that guy that sold BTC at $1! Be smarter.
More alpha next ๐
13/ If you don't know what real yield is then start reading.
Here's my thread on #GMX / #GLP - it's impressive what they have achieved.
Also subscribe to my newsletter for more opportunities and alpha (see my bio linktree).
Lastly ๐
14/ If you liked this thread, retweet the first post to get more of this content in the future!
Stay in touch + follow: @DU09BTC ๐
My referrals and YCC socials are below:
linktr.ee/duonine
15/ Tagging some friends + follow YCC list:
twitter.com/i/lists/162949โฆ
@pathfinderofKFA
@DeFi_Made_Here
@technologypoet
@phtevenstrong
@DeFi_Cheetah
@FarmerTuHao
@el_cryptoprof
@TeoCollector
@CryptoHarry
@crypto_linn
@mynt_josh
@conraddit
@DefiIgnas
@jackfriks
@EXCAVO
@pitcoin_
Tagging the alpha crew to this thread as well:
@GMX_IO
@xdev_10
@gmdSaul
@GMDprotocol
Lets send it. ๐
More alpha on my newsletter, subscribe!
duonine.substack.com
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