The choice between going debt free and living on a pure Bitcoin standard or taking on leverage to take advantage the failing fiat system is a tough one to make.
Discussion
I agree. Hard not grab some fiat debt because it will be so much easier to pay back in a decade.
Do both. Too many are trying to short cut wealth.
Determine a time frame to be debt free and understand what it takes. As you have fewer debts, you will have more money to buy/save more #Bitcoin.
This is what happened to gold in Germany in the 1930s. Leveraged pretty much wiped everyone that tried it out UNLESS you have a business/job big enough to cover all margin calls.
Totally agree, staying solvent is the most important thing.
There is responsible leverage, and then there is gambling with high leverage.
Things are going to be volatile over the coming years and my only goal is stack sats and become more self sovereign.
Like your handle. Atlas Shrugged (Satoshi Shrugged).
I required all 5 of our kids to read Atlas Shrugged.
They all have hinted that #Bitcoin is John Galt.
I think it should be required class in all schools at every age K-12.
The world would be a MUCH better place if it was a class!
That is awsome. You are raising your kids right!
Such a perfect illustration of government intervention only leads to inefficiencies and regulation generally only benefits the regulators at the expense of other market actors.
I totally agree, I see Bitcoin as Galt’s gulch in cyberspace. A place where all the “movers” can take their wealth and exit the looters fiat system.