Subnostr

The whole point with saving in bitcoin is so that you do not have to care about the news cycle to protect your wealth and your sanity. The pattern of stacking won't change. Buy a little every month. Buy more when its dipping and everybody is afraid.

Sikto 2y ago

In Canada, this is also the same reason many, wrongly in my opinion, put all of their money into their houses. I would rather have mine in bitcoin, stop pretending to be a financial advisor, and live out of a chuckwagon.

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Discussion

Chilidem 2y ago

People do this in the states, too. It's kind of like forced savings for people with poor impulse control and bad financial planning skills.

Sikto 2y ago

Yes, and I guess for these types of people a house is better than nothing.

nakad.ai🔱🦁🛡️🏯📿 2y ago

Yep that is why they are investing so much money into their property.

MattA 2y ago

I mean. My home did appreciate like 2.25x over 7yrs & I needed a place for my family to live anyway 🤷🏻‍♂️

Chilidem 2y ago

Ok. Now sell it and enjoy the profits. Oh wait...

Chilidem 2y ago

It appreciating just means hugher property taxes.

MattA 2y ago

That is true.

MattA 2y ago

Homes are still turning quick in my area in less than a couple weeks, A+ school district. But I'd still need a place to live & raise my kids.

So I'm stuck for another decade+.

Chilidem 2y ago

And that's my point. Houses are a place to live and you'll always need one of those. So even if you sell, you'll either have to move to a different area with lower cost to see profit or buy another house in that same elevated market.