Private story.
2017. I had just taken control of my own keys. Couldn’t deploy large capital into Bitcoin yet but it was my starting point.
Didnt fully understand what i was holding back then.
Was the first&last time I ignored bitcoin.
But Fiatland gave me access to cheap money.
Only if I used it for real estate though.
So I bought a 550m² plot near Munich for €0.5M in 2018.
Had a building permit for a duplex(2 units).
The plan:
- Land: €0.5M
-Construction: €600k for duplex
- Total investment: €1.1M
- Expected return: €2M
- Timeline: 12 months
- Take 900k profit to buy bitcoin
Deal included:
- €100k own money
- €1M mortgage @ 0.8% interest
The rest would follow after construction.
But then…
Lawyers. Neighbors. Bureaucracy.
A mistake by a notary years earlier meant I had no right to connect to the private water canal.
Suddenly my building permit was worthless.
And I needed permission from the neighbors to continue.
They said no. Of course.
I tried to return the property, it was in the contract: If I can’t build, I can give it back.
Didn’t work. Lawyers again. I lost.
Since then?
No house
No construction
No return
Just a field
Paying €1,500/month mortgage
€100k stuck in a field
No corn from this deal.
Property taxes every year.
7 years later, still fighting to maybe build one house.
That’s it.
This is how I got rug pulled by one of my own real estate “investments“ to preserve my time&energy.
That’s just a real world example to show you why I say…
Real estate to preserve your wealth is a shitcoin.
Energy trap.
Bureaucracy trap.
Fiat trap.
Bitcoin doesn’t ask your neighbors for permission.
Bitcoin doesn’t need a notary.
Bitcoin doesn’t care about lawyer games.
Real estate is not freedom.
Bitcoin is.
I fucked around to find out.
Timestamp of freedom 903,653
