How to retire with bitcoin
#Bitcoin is your retirement. ?
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
Here's your guide to retire early and live stress free.
? A thread. pic.twitter.com/J7pXcvbff0
1/ Some basic principles first:
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
1️⃣ #FIRE = Financial Independence / Retire Early
2️⃣ #FatFIRE = over $150k/year in income
3️⃣ The 4% rule = how much you can withdraw without running out of cash during retirement
But that's TradFI talk & we can do better. ?
Hello #Bitcoin ? pic.twitter.com/nicG6KHn8D
2/ That 4% rule is smart, but you are smarter.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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! ? pic.twitter.com/qdW46ciaeX
3/ Use your #Bitcoin to become a liquidity provider (LP) to DeFI markets instead.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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 ? pic.twitter.com/f5eRyQW3wG
4/ At the time of this post:
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
? LPs on #GMX via #GLP get 21% APY on their BTC (pic)
However, you are exposed to ETH and stables too. Don't worry!
? LPs on #GMD, built on top of GMX, get 19% on BTC alone!
And you never have to sell it! ?
Why would you hold only BTC? ? pic.twitter.com/lSqIWXDfb6
5/ Less risk and a massive return on the best asset in the world.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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. ? pic.twitter.com/n9nnP9PhSc
6/ LPing your #BTC will give you a passive and sustainable income, every month (pic).
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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. ? pic.twitter.com/y3d3ZoNDGW
7/ APY scenarios if one #BTC is $1 mil & you use it to provide liquidity:
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
@ 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 ? pic.twitter.com/qf16bx34Gq
8/ Over time, BTC's price will continue to go up.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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. ?
Risks next. ? pic.twitter.com/jy1swfKN0A
9/ There is no #DeFI on BTC chain.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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 ? pic.twitter.com/drRHGaU7Cm
10/ NEVER sell your BTC and NEVER risk it all!
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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? ? pic.twitter.com/vWZlmMkteD
11/ Instead of chasing the next 100x, play the long game:
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
1️⃣ Accumulate BTC anyway you can
2️⃣ Sell altcoin profits into BTC during bull markets
3️⃣ Buy during bear markets
4️⃣ Farm yield with your BTC
…
✅ FatFIRE!
What's stopping you? ? pic.twitter.com/qVgwy8yzBd
12/ Bitcoin's price is volatile, yes.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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 ? pic.twitter.com/r1IprFV6pw
13/ If you don't know what real yield is then start reading.
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) March 2, 2023
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 ?https://t.co/rzXU1wOr6v
What does crypto VCs know that you don’t?
1/ What do crypto VCs know that you don't?
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
I track the money flow to uncover their latest #DeFi trends.
It's clear that VCs are increasingly bullish on innovative protocols.
Check out these 5 new DeFi projects that just raised money: ?
2/ First of all, the downward trend in fundraising is finally reversed.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
In February, there were 143 crypto deals worth $1.13B—up from 107 deals in January.
It's a clear bullish sign: VCs are getting more optimistic about the future & potential upside. pic.twitter.com/207JgywP73
3/ The web3 and infrastructure fields saw the most deals.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
DeFi accounted for 25 of those deals—up from just 10 in December.
Surprisingly, DeFi overtook CeFi by dollar value raised – $103M vs just $33M for CeFi.
Things are finally looking bullish for DeFi! pic.twitter.com/Jghs7UzbQK
4/ I focus on Seed round investments by prominent VCs.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
Most of these project don't have a token yet.
But I expect them to launch tokens soon if the market sentiment continues to improve.
There are already 45 projects on my watch list at https://t.co/qLL4U86lDR
5/ I'm noticing more unique, innovative projects raising money recently.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
Innovation ranges from privacy-focused DEXs to lending using income as collateral.
Check out the top 5 projects that raised money in February: ?
6/
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
1️⃣ @alongsidefi built a crypto market index – $AMKT.
Their $11M Seed raise is surprising, as DeFi projects typically raise ~$4M, and indexes aren't trendy right now.
But VCs are usually more forward-thinking than retail investors, so I think the time for indexes is coming. https://t.co/lC5LWwIMy3
7/
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
2️⃣ @Renegade is a new type of DEX: An on-chain dark pool.
DEXes are transparent, allowing anyone to see your balances and trade history.
Renegade obscures trading activity from everyone.
It means that no one, except you, can access the details of your balances or trades.
8/ Renegade should offer better prices while providing pre-trade and post-trade privacy.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
It minimizes MEV by using zero-knowledge proofs to prevent front-running, back-running, or sandwiching trades.
It brings anonymity to on-chain trades. pic.twitter.com/geXvFirHf3
9/ The team raised $3.4M from top investors like Dragonfly Capital, @naval, and @balajis etc.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
Public testnet is expected in Q2 2023.
Apply for priority access with the link found on their website. pic.twitter.com/HXpl9krwpn
10/
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
3️⃣ Thought yield aggregators are dead?
Well, @AffineDeFi is developing a cross-chain investment and savings app.
It enables investing in multiple assets, including yield-generating DeFi protocols and RWAs simultaneously.
TVL is $2M, but 5.8% APY on stablecoins is not bad. pic.twitter.com/y8UrRwfWVE
11/ Affine's strategies allow for Single-Sided Liquidity (SSLP).
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
It automates and manages liquidity positions on Uniswap v3 for USDC in a market neutral manner with no impermanent loss.
The $5.1M Seed round was led by Hack VC and Jump Crypto.
No token yet ? pic.twitter.com/S2W4CM5mHA
12/
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
4️⃣ @humafinance is revolutionizing lending.
It's a DeFi protocol for decentralized lending using income and receivables as collateral.
It solves the issue of over-collateralization in DeFi and enables under-collateralized lending for real-world use cases. pic.twitter.com/hcbVzfp8KK
13/ The protocol uses automated underwriting to assess borrowers' ability to pay back.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
The goal is to make it easier for creditworthy people to borrow money online, even if they don't have valuable things to offer as collateral.
Huma raised $8.3M from several VCs. pic.twitter.com/YZXh9BTZzs
14/
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
5️⃣ NFEX is a DEX for trading perpetual swaps of blue chip NFTs.
Users can take up to 10x leveraged long/short positions on NFTs without owning them.
Currently BAYC and Azuki trading is supported.
When Pudgy Penguins @nfex_official? pic.twitter.com/eBKdzYJybB
15/ The NFEX app launched 4 days ago and already reached 3k ETH in 24 hours of trading volume.
— Ignas | DeFi Research (@DefiIgnas) March 2, 2023
There's no token, so it might be a good strategy to try the app for a potential airdrop ?
The team raised $3M in the recent Seed round. pic.twitter.com/1m7yPOZNos
