Bro take the 5 bitcoins and get a mortgage, pay the mortgage with the bitcoin. You Re not smrrrrt
Discussion
My point is about why we bitcoin.
We Bitcoin so people can enable themselves to accomplish their goals in life.
Also yes, and no, I'm of The Ramsey school of thought, leverage is extremely risky, and will burn people alive FAST!
Debt through collateral is just making a perfect house of cards to be margin called on, you lose everything.
Whereas in a debt free society, everything grows albeit slowly.
Don't buy things you cannot afford. ALL debt is a trap.
If your sitting on 5 btc you can afford a 30 year mortgage lol
You think in 30 years you will still have that 5 btc? Debt is a trap. Your finances can go wrong but that debt with interest will hang over your head your whole life.
You'd probably still have 4. Which is way better then if you sold it all to begin with.
Being a slave for 30 is not worth any amount of BTC.
Good point
Mountain lions don't need housing but people do. The house payments get cheaper each month with bitcoin, and your not slaving if you have 5 btc in savings. You have plenty of time to fund and start your own business or work to replace sats.
It's hilarious.
The more glaringly obvious this fact becomes, the more adverse in effect it manipulates.
Almost like the anxiety from personal debt, gets people to cope buy buying themselves shit (more debt) their future self had to pay for. Just to momentarily distract them from the feelings of anxiety.
Immediate need for gratification. They can't even stop. What a vicious cycle.
Lost. Eternally.
Do you reckon the ratio of buying “things” if 10/1 is fair?
If you can’t buy it 10x you don’t buy it?
