My 11 Bitcoin Rules

[@DiiceForeveroO]

My rules of bitcion: 1) Always talk about bitcoin 2) Never talk about your bitcoin

[@rajatsonifinance]

🤣

[@CYI3ERPUNK]

this is the way XD

[@eliseumalo4069]

I have 2 rules: 1) Always HODL. 2) See rule #1.

[@mussinata8133]

Borrowing against BTC is a super interesting topic that deserves more ad hoc discussion

[@pnc1358]

Celsius, Blockfi, Zipmex... many cases already occurred

[@timecone57]

As Celsius experienced person…lending is bad idea…I’d want deeded land as counter collateral before handing native btc anyone

[@mrnobody1816]

As time moves forward, maybe. But it is definitely a way to lose your Bitcoin. The Bank will, at minimum, have a multi sig agreement where the coins are no longer in your cold wallet. The BTC will be in their wallet, or Gods help you in a third party like Coinbase, until you pay off the loan. Once "they" have the Alpha Asset (BTC) held as collateral, who the hell knows what could happen.🤷‍♂️ Let's see where the consumer protection laws go, first. 🍻 #momoneymoproblems🥂

[@Sec_coach]

It doesn’t Eventually you lose it and the risk doesn’t worth it at all

[@mussinata8133]

@Sec_coach because you do not agree with something it doesn't mean it's not worth taking about it

[@jallenshaw]

My system is even simpler: 1) Buy Bitcoin 2) Never sell Bitcoin Done That said, our approaches are extremely similar 😅

[@rajatsonifinance]

That's not realistic for most people

[@azidanovalkran6433]

You'll be the richest man in the grave!

[@jallenshaw]

@@azidanovalkran6433No, my descendants will be very comfortable….I already have all I need

[@isambo400]

@@azidanovalkran6433Humans have these things called families that they leave wealth to

[@wealthconglomerate]

Haven't sold since 2016 😈

[@MustHaveMustache]

Rajat we have the same Bitcoin strategy! I completely agree with all of the points made in this video.

[@robertedwards4494]

I appreciate you taking the time to make these videos to try and educate the masses about bitcoin.

[@168tsai8]

I like your persepective on Bitcoin. Thanks for sharing.

[@CFH298]

I utilize a PLOC, invest into high yield funds like MSTY. Pay off PLOC. Invest MSTY premiums into Bitcoin. Rinse and repeat. Taking fiat cash flow and investing into Bitcoin.

[@rajatsonifinance]

I don't like yield ETFs. They underperform against the actual asset.

[@CFH298]

Remember it’s not my money but the banks money. I have underlying shares of MSTR but it allows a LTV of 25%. Taking that fiat and buying high yield funds and then the high yield asset paying off the LOC is a revolving fiat wheel. It doesn’t matter what underperforms, you’ve increased your cash flow to buy more bitcoin. I call it the FIAT flywheel. A paid off MSTY with the banks money (OPM) will produce increased income/cashflow. Never invest W2/earned income into high yield products. Only OPM!

[@JesseDavis7373]

Great point about tokenization! My thoughts exactly.

[@Vonnie12]

Black rock has some weird fetish of tokenism and it has no real world use case , why would someone want to buy a tokenized home or mortgage , when the real value is In the actual house, don’t buy the token buy the actual property in this case btc in your self custody or aka digital property or the real property aka the actual home owner

[@robo60616]

These are my thoughts exactly . #5 is the hardest rule psychology to balance . I “strategically “ lol .dca on Tuesday -Wednesday 60$ btc .i feel like this is my best shot at getting some extra Sats.🤔 Great channel. Proud subscriber

[@rajatsonifinance]

VERY difficult to implement because of psychology 100% agreed

[@fareshajjar1208]

So I'm supposed to sell bitcoin that I bought in 2015 for $140 each when I need money and then buy back in at $90K?? Borrowing against bitcoin will work when you have insured accounts.

[@richardvillanueva559]

Exactly. Doesn't make any sense

[@rajatsonifinance]

Nobody said to sell all of it

[@pnc1358]

@@rajatsonifinancethey will get it

[@CYI3ERPUNK]

SOLID rule set Raj , also mad respect for putting the timestamps in the descript =]

[@rajatsonifinance]

🤝🏼

[@JoseDasilva-wz3dc]

Thank you for your great educational content.

[@senorgringopapi2059]

I DCA $100-400 per month into Bitcoin no matter what the price is

[@rajatsonifinance]

Great decision 👏🏼👏🏼

[@mysticallymary]

Raoul Pal calls it "lifestyle chips" and I like that term. Def would not "take profits" with BTC but lifestyle chips at some point (4+ years)... Great content thank you!

[@allinonejohnson8643]

Good morning is .22 of btc a good account to try to get for the future. Thanks

[@richardvillanueva559]

20k now better hurry

[@rajatsonifinance]

Get as much as you can

[@RyanZakMusic]

One of your best videos yet

[@bujin5455]

Some people just don't understand that the first rule of Bitcoin is, don't sell the Bitcoin.

[@fredhampton3393]

#10 is the best :)

[@mb-xc3ft]

Today the rates if you borrow against your Bitcoin are not really good, but i have no doubt thats becoming much better in future

[@rajatsonifinance]

I think in the future there will be no borrowing against bitcoin, because there would be nothing to borrow against it. Bitcoin is money and it will absorb all the value of all other forms of money.

[@tjacobsen5131]

Mindbening. Up until now, all fiat money exists because of debt. Could you expand on how this will pan out in the future on a Bitcoin standard? Thank you for your work. ​@rajatsonifinance

[@Loremips9966]

@@rajatsonifinance yeah, it s like saying i borrow (what?) agains my USD. I get it, you want a loan to buy a house for your family, but you borrow against the house not the USD. Or you get an unsecured loan

[@mb-xc3ft]

@@rajatsonifinance That's the super longterm perspective yes, but not if you want to buy a house in 5 years

[@bahello]

nice content and VERY good suggestions, already doing most of these things but I think many people need to hear it as well.

[@gusgalvanini]

Wow 👏 I love it!

[@cbarber]

Sensei, always good digital advice. can you tell us if BISQ (non KYC) will do its job?

[@rajatsonifinance]

I think it works! I personally haven't used it though.

[@DIVGAINS]

I hold BTC, and also a stock portfolio which owns mstr, tsla, IBIT I will at times use margin against the stock portfolio so kind of borrowing from BTC in a way

[@timecone57]

Nice summary. I’m becoming more of a maxi pad every year. I’m struggling to find better stocks than mstr or even ETFs. Mag 7 have run too much already haha

[@rajatsonifinance]

Nothing is better

[@akshatrastogi9063]

Normie: "Hey Rajat, When do you plan to sell your BTC, It is now $90,000?" Rajat after making 1000 videos teaching about bitcoin: "🤦‍♀"

[@rajatsonifinance]

🤣🤣🤣

[@benhartart9487]

It’s 90k now but in 1 year or 4 years it could be 900,000 k…. So maybe hold it

[@ALPHAXOMEGA333]

I agree with you. I refuse to touch my Bitcoin even if I needed the money. I simply pretend I don’t have any Bitcoin. What would you do if you didn’t have any Bitcoin saved and you needed money? You would find another way to get what you needed financially

[@rajatsonifinance]

Yeah for sure

[@HeSpeaks-u9w]

Are your investment funds really actually fully "locked up"? Or do you have an option to withdraw with a penalty? (Like a 401k in the US.) I'm not saying you should do that. Just trying to clarify.

[@rajatsonifinance]

No, they're locked until I'm 55.

[@benhartart9487]

When they say Houses will be Tokenised it just means the house is on the blockchain and it’s represented as a token so you can identify it, sell it, etc it’s like nft art you can only have One Real NFT of the MonaLisa is it’s been tokenised as a 1/1 nft art, Doing this for other things like diamonds and pieces of gold and collectables will be a thing, again to represent the asset and its ownership

[@rajatsonifinance]

So what happens I lose the token? The house can't be owned by anyone?

[@stemer1149]

it might be interesting if you could at some point in time invite Peter Dunworth who is of the opinion that Bitcoin will become pristine collateral, once everybody understands that, the issue of borrowing against ones Bitcoin instead of spending it, even for minute amounts, might be judged differently

[@rajatsonifinance]

Hes been on here!

[@stemer1149]

​@@rajatsonifinanceah yes, oh my, I watched the episode, and liked it, but so much has been happening lately.. I really appreciate your content

[@adiintel1]

"when are you going to sell some of your bitcoin for profits, michael? "People who sell there bitcoin for fiat we call them poor." - michael saylor.

[@rajatsonifinance]

It's true

[@BasicBeachCommunity1]

Yeah there's there's Thor chain... But I mean it's do you trust the protocol that is doing lending I don't know it's not insured obviously😊

[@tarogibbs783]

Would love to get your thoughts on how it could fail too. Things like what if Nakamoto and the first million coins he mined are actually all part of a US or Russian plan so not decentralised as we first thought. Or what about quantum computer cracking the code. Or what about AI super intelligence creating a better version of Bitcoin in some way we haven’t thought about yet. Etc

[@DIVGAINS]

The only alts I would hold outside of BTC much smaller positions is sol & cronos

[@BasicBeachCommunity1]

Paper currency is better than the term fiat sometimes

[@OnMyGrindEveryDay]

Is your emergency fund in fiat or BTC?

[@rajatsonifinance]

Fiat

[@OnMyGrindEveryDay]

@ Interesting. Do you recommend a % of your portfolio to keep in emergency? Is it like 6-12 months expenses?

[@andresjmontanez]

Bitcoin is already money.

[@timecone57]

It’s ok to take profits to cover initial investment. Btc could fail eg quantum computing etc

[@rajatsonifinance]

If you understand Bitcoin you dont NEED to do this

[@DizzyMcSchwifty]

Ethereum is the “decentralized internet” is the dumbest thing anyone could say. The Internet is already decentralized.

[@rajatsonifinance]

Just what I've seen people say. Tbh I don't even know wtf it means 🤣🤣🤣

[@afrobian1]

Hey Rajat, what’s the best way to buy microstrategy in Canada? I only have wealth simple

[@rajatsonifinance]

Wealthsimple is great

[@azidanovalkran6433]

What about decentralised lending platforms like Hodl Hodl and Lendasat?

[@BTCforce]

They want ridiculous interest rates

[@johnnymidas5879]

EARLY MORNING 🌄 GREETINGS RAJAT

[@rajatsonifinance]

Hey Johnny!

[@earthbumspranza9324]

☕️ 🙏🏼🫵🏼 🍊💊 👊🏼

[@keithoftheshire2805]

Very small btc purchases will result in small UTXOs, that as a percentage, may cost too much to combine or even get completely stranded. When transaction costs are low, combine those tiny UTXOs. 😀

[@rajatsonifinance]

The UTXO is only created when you withdraw from the exchange

[@OnMyGrindEveryDay]

How many multiples you all think MSTR has left for 1 year timeframe? Seems late to buy but better than holding cash.

[@rajatsonifinance]

Tbh I don't know. We have no idea what a Bitcoin treasury should be valued at!

[@OnMyGrindEveryDay]

@@rajatsonifinance true!

[@jaymoney8512]

Great concept! 💯👑💪🏾🇬🇧

[@Vonnie12]

I’ve been a dodge advocate mainly because of the memes and funny community and it’s been a great investment 😅 so far

[@MartinRodriguez-cb5xu]

great!!!

[@ahappyimago]

It’s hard for me to hold when I have a mortgage I can pay off but I think holding will pay off way more. It just sucks paying mortgage interest

[@rajatsonifinance]

Think of the mortgage interest as a way for you to hold on to more Bitcoin for longer. You're paying the interest, but your Bitcoin will outperform the interest rate.

[@kha_2428]

3) What happens if they go bankrupt? What is the likelihood that Blackrock will go bankrupt? Anything is possible but what's important is being able to get a good idea of how likely something like that is. It might be that the risk is not worth the opportunity loss.

[@BTCforce]

1st BLK isn’t going bankrupt, 2nd BLK’s IBIT is custodied by Coinbase

[@rajatsonifinance]

If they just hold the right amount of Bitcoin, I don't see how they would go bankrupt tbh

[@kha_2428]

@@rajatsonifinance Yes I agree. So allowing some percentage of your Bitcoin holding to be in custody with Blackrock to borrow against might not be so bad. A true saturated Bitcoin standard will take decades to achieve and during that process, there are opportunities like this that you can capitalise on. I empathise with the Bitcoin maximalist, Bitcoin standard opinion, but I think it is further out than we think.

[@kha_2428]

@@rajatsonifinance Personally, I would wait for an in-kind ETF in order to do that

[@OMGFantasy]

An argument against bitcoin is that ‘it doesn’t have any earnings’. Obviously there are many flaws in this assumption, but with options approval do you think that covered call strategies could be used as a basis for hypothetical P/E and PEG ratios using premium as the ‘earnings’

[@rajatsonifinance]

Gold is the most valuable asset in the world but it has no earnings either

[@rajatsonifinance]

Tbh I think it will be completely based on implied volatility

[@SlackersIndustry]

Right on 👍, I just think of it as my savings account and leave some cash for my monthly expenses, if it's emergency I'll just use credit card and pay it off end of month 😆

[@JaceApaydin]

Reliable lenders may not exist today but banks will custody one day and lend (more reliable)

[@rajatsonifinance]

Banks are going to try fractional reserve banking

[@oj9886]

I love it

[@AdventuresAtHome1]

Do you actually buy BTC or do you buy proxies, like MSTR?

[@rajatsonifinance]

I only bought MSTR once, don't plan to buy it again

[@jallenshaw]

As an individual, why would you choose a proxy to “hold” your Bitcoin for you (3rd party risk) when you can easily purchase it directly and transfer it into a cold storage wallet that ONLY YOU control?

[@shtcoinmaxi1367]

​@jallenshaw i used my some of my IRA to buy blackrock and grayscale to gain even more indirect exposure to btc

[@AdventuresAtHome1]

@@jallenshaw What if I lose my cold storage device, what if I forget/lose my seed phrase, what if I get injured and can't retrieve my BTC, what if someone steels my cold storage device?

[@QDogg]

​@@AdventuresAtHome1it's called personal responsibility. Take control of your money.

[@DZ4Team]

rule 1 and 2 looks wrong, you will end up buying the top selling the dip because you will need money when there is a crash or bad events

[@rajatsonifinance]

Agree to disagree

[@alanjswanner844]

Interest seems too high when borrowing against BTC

[@rajatsonifinance]

Yeah

[@1mmafrka]

To say that you shouldn’t borrow against your BTC is a disservice to your followers. I get it is not for everyone but for those that understand the benefits and risk associated with the process is always better than selling any amount of Sats just because the of fear of loosing, which is a probability but when you sell it is a certainty.

[@rajatsonifinance]

I also said that people can do whatever they want

[@Ticonderoga12]

Lending against btc will be much more secure in next 5yrs, especially as lenders compete for market

[@Zion7z]

🎉

[@HODL.BTC.]

Bro has a 4 year time horizon (thanks Saylor), but hasn't been around that long 😆

[@rajatsonifinance]

I've only been buying for about 2 years so far!

[@2fan]

1 rule buyyyyyyyyyyyyyyy

[@derikuk2967]

How many people are following British HODL's second rule?

[@rajatsonifinance]

A lot I'm guessing

[@hounddog3476]

I trade Bitcoin! I'm not long on anything but COIN.

[@rajatsonifinance]

Not very smart. Coinbase has MASSIVELY underperformed against bitcoin 🤣🤣🤣🤣

[@pokemercenary6511]

Unless my portfolio gets to 8 figures, I won’t sell anything. I may stake/loan for a decent return.

[@rajatsonifinance]

Solid

[@rajatsonifinance]

The interest rate on lending is the key here

[@LeonCoyne]

12) Bitcoin.. better than any woman.

[@lostinspace114]

Hi Rajat, i am an immigrant in Canada. You mentioned you invest in Microstrategy. How do I invest in it for pension? Appreciate it. Thanks

[@rajatsonifinance]

You have to take self custody of your pension first. I got the pension when I quit my job.

[@isambo400]

Most pensions are very restrictive in your investment options.

[@BasicBeachCommunity1]

😮🎉

[@seanjoys7360]

My friend. You must get to the point faster and stop rambling. You took 3 minutes on how you buy bitcoin , even when its 2 dollars.

[@rajatsonifinance]

These videos are for EVERYONE, not just people who already know how Bitcoin works.

[@Ogrem]

All shipcoins are going to the bottom eventually.

[@dancrockett4454]

Wrap your bitcoin and borrow on aave. Less counterparty risk, all automated. Only downfall it’s its wbtc is eth based . Ewww

[@rajatsonifinance]

No need for that. Transaction fees are low already. Also you can use lightning if needed.

[@paradise6606]

We know what Fiat currency is dude. Can you get to the point.

[@rajatsonifinance]

Not everyone knows what fiat currency is.

[@ankansinha8497]

Take profits at peak and buy more btc at bottom minus taxes

[@rajatsonifinance]

Sounds easy in theory. Very difficult in real life.

[@Ticonderoga12]

Lending against btc will be much more secure in next 5yrs, especially as lenders compete for market