As economies and populations continue to decline, we’ll see real estate around the world being sold for as little as $1—or even given away for free.
But is it worth buying? Not right now. Hodl on to your Bitcoin for now, because in the long run, the countries you’ll want to be in will be the ones with strong energy production and manufacturing capabilities.
You can buy an entire town, but without a solid energy and manufacturing base, you’ll end up living like a caveman.
This is the advice I’ve been giving to Bitcoiners who think moving to El Salvador is a good idea. As Bitcoin continues to disrupt global economies, you’ll have plenty of options for countries to move to and real estate at bargain prices—but only a few will actually be worth it. And I suspect the U.S. will remain one of the best places to be.
https://m.youtube.com/watch?v=814SuM8gQCs
#realestate
#bitcoin
I saw you post earlier about El Salvador. I'm not sure I completely understand, ut is it fair to say you think it's involved in a marketing trap for bitcoiners?
Drawing in US money from folks that end up disillusioned or disappointed?
Can you explain this further. I havent taken a side on this topic, generally curious.
Based on my research, it is a trap, but I don’t believe it was intentionally designed to deceive Bitcoiners or others out of their money.
What I think happened is this:
On paper, the plan was to legalize Bitcoin, which would encourage Bitcoiners from around the world to flock to El Salvador. The idea was that they'd invest in real estate, start businesses, and contribute to the country's economic growth, making El Salvador wealthier and more powerful.
The reality, however, was different. Many Bitcoiners are young, have established lives and jobs, and lack business experience. A Bitcoiner with millions of dollars probably isn’t interested in relocating to El Salvador just to sit idle many understand Bitcoin, the risks of starting a business in a foreign country, especially one where they don’t speak the language is not worth it.
From the videos I've watched, some Bitcoiners did go to El Salvador, bought homes, only to realize that wages were low, speaking Spanish was essential, and their plans, like selling homemade soap weren’t sustainable. The massive influx of Bitcoiners that was expected never materialized.
Despite the government’s efforts to make Bitcoin succeed and attract Bitcoin enthusiasts, they weren’t able to implement changes quickly enough to make a noticeable impact on the economy.
As a result, many naive Bitcoiners found themselves stuck. Owning expensive real estate, which only foreigners could afford, no job, still dont speak the language, and had very little else going for them. So, a lot of them have started speaking out and leaving.
Additionally, some Bitcoiners seemed to have deluded themselves into thinking that El Salvador would become wealthier and more powerful than the U.S. simply because it adopted Bitcoin.
Bitcoin needs support from powerful institutions and corporations to succeed as they are the ones with all the talent and money.
Did El Salvador intentionally deceive Bitcoiners? I don’t think so. At the start, the idea sounded good on paper, but when reality set in, it became clear that things weren’t going as planned, but the government hasn't completed given up.
I would say if you have a good life in your country don't move to El Salvador, keep working and saving in Bitcoin.
I think that's a reasonable take. Maybe too early still... maybe too risky.
A nomadic lifestyle and a vacation style home in El Salvador and other safe/friendly central and south american locales still seems like a fun idea, if not necessarily profitable.
Learning Spanish is definitely a necessity. Silly for anyone to think otherwise.
ya, it might be good for a year or two, but i find eventually people want to be productive and do something, not just sit around.
I don't know how long I can sit around drinking mango juice, surfing nostr and nothing else before I go crazy and I don't want to learn Spanish! it's sucks!
plus, I doubt most Bitcoiners are as rich as people think we are.
Haha. I hear you. Learning Spanish is a trip... but not that bad/hard in my opinion.
Not that I speak it, but I've learned a thing or two. I think immersion is a great way to learn.
Anyway, I do get your point.
si,no es difficil hermanO nostr:npub1v79rprjecf8wrv6zkrlf400klha9mnxrpt4jwkjn0c0hlgrqn77qvfefej n0, not calling *U* herman*/*ya wtf/*****
You can call me Herman. 🤣 I won't get mad!
