Hipster Finance 💵🔨 Profile picture
Aug 2, 2020 5 tweets 2 min read Read on X
Lots of talk the last few days of Bitcoin volatility —

This scares many away.

It USED to scare me away.

Here’s why it shouldn’t 👇🏻👇🏻 Image
Unlike most assets, Bitcoin trades 24/7 and its price swings can be WILD.

Last night, it dropped from $12000 to $10800 at 12am randomly.

While these dips (see red circles) can be scary, these represent potential buying opportunities.

👇🏻👇🏻👇🏻
For traders, these also represent good trading opportunities (sell at highs, buy at lows).

Unlike with stocks, these highs and lows often come quicker and more often.

I personally hold bitcoin (and earn interest) but I know several who trade it frequently for profit.
Lastly — fractional shares have always been a thing with Bitcoin.

So you don’t need to drop $11,500 just to play along.

I dollar cost average in along the dips once a month.
If you’re looking to buy and hold, like me, AND earn interest —

My affiliate link for @TheRealBlockFi is below.

I’ve earned almost $100 in interest over the last few months just holding, and enjoyed 6% interest at its current rate the whole time.

blockfi.com/?ref=65877fe4

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More from @finance_hipster

Aug 26, 2023
Saving money is something you can get better at it the more you do it.

Eventually, you can save money without having to think much about it at all.

Here’s 5 tricks I’ve used to consistently save 50%+ of my income a month:
Number 1

Write it all down. In the beginning you need to understand what you spend and why. How often. On what. That means you need money data.

When I started this I’d carry a pen and small notebook with me and I’d write the date, what I bought, and how much I spent
Number 2

Start talking to your friends and family about saving money. Talk to strangers. Talk to anyone who will talk to you about saving and spending. How much is their cell phone bill? Where’s the cheapest place for groceries? What’s their favorite way to save?

We suck at money because we’re afraid to talk about money. Talk about it with people and you’ll learn what they know.
Read 7 tweets
Dec 27, 2022
Here are 5 quick ways to hack your mindset so you’ll spend less and save more
#1: Put a ‘time roadblock’ in front of your spending

I always wait a few days before buying anything new (that’s a want vs need)

Often after a few days, I don’t even want it anymore

Mr. Money Mustache calls this putting stuff in the spending machine to slow it down
#2: Separate wants vs needs (and be honest!)

It’s okay to want something. But it’s not okay to pretend you NEED something you WANT. Basic necessities like food, shelter, clothing, etc. are needs. Most other things are wants.

Knowing the difference can save you serious money
Read 8 tweets
Nov 5, 2022
The Dogs of the Dow is a high yield dividend technique that most investors don’t know about

Its outperformed the stock market in some years, and can be a great way to find high yield dividend stocks

I’ll walk you thru the steps here \\thread\\
At the beginning of the year, the investor picks out the 10 highest yielding stocks on the Dow Jones Industrial Average and invests an equal amount into each

Highest yield refers to the stocks yearly dividend payout percentage compared to its share price
It’s called the Dogs of the Dow because stocks with a high yield are thought of as down on their luck (aka in the doghouse)

But there are be times when stocks go up in dividend yield and are undervalued

Here are the Dogs of the Dow and their dividend yields
Read 13 tweets
Nov 3, 2022
I just finished reading The Wealthy Barber by David Chilton 💈

It was one of the best overall financial education books I’ve ever read

The barber, Roy, cuts hair while he gives customers life changing money knowledge

Here are 10 epic quotes from the book \\thread\\
“A dollar saved is two dollars earned.” 💈

People overlook how much taxes impact earned income

They’ll do almost anything to earn extra money, but rarely look at saving with the same excitement

Yet, when you control for taxes, saving money is like a double raise + no work
“The golden rule: Invest 10 percent of all you make for long-term growth.” 💈

If everyone did this their whole lives, the world would be a much richer place

It sounds small… but hardly anyone is doing it!

Recent studies show 64% of Americans live paycheck to paycheck
Read 12 tweets
Sep 30, 2022
50% of my investing portfolio is in index funds/ETFs

This gives me a diversified base to invest from, so worst case I will still have those if my other investments fail

Here are my Top 5 ETFs:
$VTI

THIS is the fund. If I held just one, it’d be this one. It’s vanguards Total US stock market fund.

Owning shares of these mean I own small pieces of every publicly traded company in the United States.

This is a great long term hold with growth and a small dividend. Image
$VXUS

This is vanguards international fund (basically exposure to the world minus the United States). I hold less of this than VTI (I try to keep it to 20% of my $VTI exposure or less). I hope the US continues to outperform but if not this gives me exposure to the globe. Image
Read 8 tweets
Oct 14, 2021
Capital appreciation is great, but cash flow is better.

The best investments pay you money to hold them.

Think dividends, rental income, royalties, business profits, interest.

//THREAD//
We live in a unique market, where seemingly everything continues to go up.

Because of this, growth is prioritized over income.

But people who have been investing longer than a decade or so understand growth is never guaranteed.

Markets move up, sideways, and sometimes down.
Net worth is a bad measure of wealth.

If your net worth is 2 million, but your portfolio pays you nothing to hold it, the only way to access your money is to sell those assets.

Selling your assets, especially during down market cycles, could result in a loss of future income.
Read 8 tweets

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