I understand we have to sell or exchange a portion of our stack at some point to buy things. However selling it all to BUY someone else’s bags is insane
Discussion
Is the account posting that called “historical-mention…12?!” Ironic
Idk tbh just saw this image floating around and wanted to share it here. Either way, massive L
Very overpriced but also a bit circumstance dependant. If OP is older and converted prior fiat savings in 2020, it might make some sense for his life. 95% of the time it's a mistake though.
Going to hurt when his house crashes 90% against Bitcoin over the next five years, but if he's been in Bitcoin since 2020 he probably already knows that.
Actually sorry I'm illiterate
"Sold it all for a DOWN PAYMENT" is actually insane. That is poor op behavior. HFSP, sad case.
Trading Bitcoin for a 30 year debt contract... Some people like slavery I guess.
Unhinged behavior. Like what?!!
It would make me sick. I'm also class of 2020 but I wouldn't even consider shaving sats for a down payment until it was 5M or less. I suspect age is a factor, I'm relatively young. Renting and owning a Bitcoin stack has so much more upside.
Definitely bigger upside. This person could’ve waited one more year and his purchasing power would’ve been exponentially higher. Timing is key