Except you would though. This debt is risk free. That’s the point of this lesson: some debt is good. Some debt is great. Some debt is fatal. Not all debt is created equal.
If I would have borrowed $10,000 and bought bitcoin at 7¢, I’d be a billionaire. But I was damn near broke (and in fact was broke a year later)…every monumentally stupid move I’ve done with bitcoin has been related to a fear of debt and miscalculation of risk.
Understanding debt is almost as consequential and unintuitive as understanding the compounding.
You really have to practice it on your own, with the skin in the game. Can't just read about it in school.
Have bought all My Realestate with fiat debt. They print faster than the loans. Made 10x on land in 8 years. At 6% interest. The payments are almost a joke. In fiat now.
Same for my duplex. 3x 12 years. 4%.
I’m about to do the same with BTC if this dip gets low enough. Ladder in on the drop. Some bank was dumb enough to offer me 0 percent for a year. And 13% there after. So. Yea. I’m doing it.
Brilliant.
Just don’t forget, they provide the red carpet but they can also pull on the rug…at least temporarily!
The whole goal of easy money is to get people to make wise decisions and then turn them in to bad decisions after the fact and have those people 1) feel bad/guilty about their decision and feel responsible for outcome and 2) get others to view them as greedy…this way people don’t riot over the rug pull.
But the reality is they want to take your stuff on the cheap. And they can do this first by inflation and then by deflation.
So long as you own & carefully / competently custody bitcoin, there is a floor to how far you can fall. This option is something they’ve never gone up against before. And when they realize it, they’re gonna freak…
