No one will buy a second house to rent out after they understand #bitcoin.
Discussion
If I can't buy the first one, I can't even buy the second one
😂😭😅😭
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No more Gap-투자 after fully awakening…
This is one of the Bitcoin mantras that I don't share because no one has ever given me a reasoned argument for it.
Bitcoin's virtues as perfect store of wealth make it perfect collateral. That is, it can be used to borrow fiat with the peace of mind that the collateral will not disappear, and once we reach and surpass gold's market cap and volatility goes down, even more.
But Bitcoin in itself does not generate any sort of cash flow. In other words, unless you put to work that fiat you borrowed, you will not have a way to pay back and you will lose your Bitcoin.
Real estate (investing with two working neurons, doing the proper research etc) is one of the most solid revenue generating investments available.
You are right. Sustainable financial situations require cashflow.
Betting that annual #Bitcoin price appreciation will exceed a rental's cashflow every year is a gamble. A prudent investor would bet on both - stacking sats AND collecting cashflowing real estate.
Without cashflow to live on, people eat away their principal and there is no way to safely yield cashflow from ownership of Bitcoin.
You're right. Provided we don't let the #Bitcoin #blockchain and #transaction #fees continue to get #artificially #inflated by #scammers trying to rig the system in their favor..💀👑🗽