This is the very common pitfall in the Bitcoin community is that you over accumulate.
HOW TO BUILD (& KEEP) GENERATIONAL WEALTH WITH BITCOIN | Morgen Rochard (THE Bitcoin Podcast)
“Over-accumulation generally leads to LESS Bitcoin that people have in their pockets rather than more Bitcoin.”
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1 This is the very common pitfall in the Bitcoin community is that you over accumulate.
7 No, what actually happens with over accumulation is that you've now 8 levered up and now you don't have cash flow to pay for things.
10 So over accumulation generally leads to less Bitcoin that people have in their pockets, 11 rather than more Bitcoin.
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And what I mean by over accumulation is not good, right?
Over accumulation in Bitcoiners minds is like, I have more Bitcoin.
Everything's going to be awesome. Bitcoin's inevitable.
It's going to a million dollars. I'm going to be fine. I'm going to retire.
I'm going to flip off my boss. Everything's going to be cool.
No, what actually happens with over accumulation is that you've now
levered up and now you don't have cash flow to pay for things.
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“Over-accumulation generally leads to LESS Bitcoin that people have in their pockets rather than more Bitcoin.”
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Morgen Rochard. Morgan is a CFA and a financial planner, she’s also a hardcore bitcoiner and has been advising her clients to save in bitcoin for years. We dug deep into a bunch of topics including bitcoin’s volatility and how to manage it, common mistakes seasoned bitcoiners and new bitcoiners make, how to make sure you don’t get force liquidated, keeping fiat emergency funds, risk tolerance and ability, raising kids and inheritance planning, how to maximize your bitcoin savings, how to build generational wealth and keep it, how to orange pill your wife and a whole lot more.
