True story. 10 years ago one friend bought Bitcoin, the other friend opened a restaurant. He poured his heart and soul into that restaurant, and did well. 10 years later he still has to work.
Discussion
Dang! ya thats what im worried about. We already put in alot of money to start the restaurant but its not finished yet and were gonna have to put more. It would sound crazy to tell my parents to just stop what theyre doing and buy bitcoin. i can see the vision but im not sure my parents understand bitcoin like that :( i feel bad and guilty and shameful becuz i know money put into bitcoin could generate lots of profit but im not sure how to tell them becuz their pretty old school people and still look at life through the fiat lenses :(
Also, im guessing the friend that bought bitcoin doesnt have to work now? xD⌠Thats pretty amazing that he held for that long and hasnt lost it or sold it.Diamond hands for sure. Hes probably a really smart guy for seeing the vision and holding on for 10+ years. very impressive.
Here's the vision. Pretty much 10x every 4-year cycle. Will it keep going up at the same speed or have diminishing returns only time will tell, but the 50% new supply shock every 4 years is guaranteed. I think the future is going to have abundance beyond what anyone can imagine.
I'd recommend getting on the BTC train now, keep buying more when you can, and put it in cold storage for the long haul. But, it might be wise to start with a small amount that won't stress you out when it has a massive drop. Instead you can just see it as being on sale and buy more. The more you profit over time the more comfortable you'll be, and it'll snowball from there until you're all in.
Don't spend money that you need, and it's important that your family feel secure. But from there BTC can be your savings. It'll go up forever you just need to have an iron stomach for the bumpy ride.