Why saving in Bitcoin is your best chance to afford a home in the future, as a young person.
Over the last 5 years alone, the median price of a new US house dropped by 90%.
Originally, I'm from Romania, living in the UK, but I'm planning to move to Greece. I love it there
So which one of you degens will get burned by the new Coinbase Bitcoin-backed loans?
Sounds like a good plan. I find living on a boat quite fascinating and I'd like to do it for a while.
Those parts of Europe are ok. Lots of nice places, nice people, and great food.
The idea that people need to be robbed of their purchasing power every year to incentivise them to spend could've come only from the brain of a retarded person.
A society in which the productive class is penalised for the purpose of supporting and sustaining the unproductive class is not a society that will last.
The reason you don't "take profits" by selling Bitcoin for USD dollars, is the same reason why you don't "take profits" by selling US dollars for Lebanese pounds, Venezuelan bolivars, Iranian rials or Vietnamese dongs.
Why is this such a hard concept for people to understand?
Cardio sucks if the activity you're engaging in sucks.
For example, I love doing heavy bag workouts on my own.
10x 2-minute rounds with 1-minute breaks in between rounds.
I would dread being on the treadmill running for 20 minutes, but I love hitting the bag for 20 minutes.
I'm not planning to buy a home until Bitcoin is at least $1M.
Even then, I'll try to find a way to not sell my Bitcoin to buy the home.
Yeah, Bitcoin can and most likely will go to $5M and $10M and $20M, and so on, but you buy a home to settle down in and have a family.
You can't put a price on that.
The UK government hates you and is actively working very, VERY hard to make sure that, by 2030, you'll own nothing and be "happy"
These are the people who tell you that Bitcoin is a scam
Commies be comming
"BiTcOiN iS nOt An InFlAtIoN hEdGe BrUv!"
Bitcoin is literally a living expenses inflation hedge over any 4-year holding period.
CPI is not inflation.
Since March 2020, before the massive QE, which most Bitcoiners said it would be inflationary, until June 2022, when US CP-Lie peaked, Bitcoin was up ~210%.
During the same time, people's real cost of living inflated by 30-50%.
How is being up 210% over an inflationary period not an inflation hedge?
Oh, and by the way, Bitcoin continued to go up, despite a 77% bear market drop, and is now up almost 1,500% since March 2020.
However, anyone who started saving $70 per week in Bitcoin, in March 2020, is up almost 1,000% in purchasing power.
So, how can TradFi bros and eCoNoMiStS claim that Bitcoin is not an inflation hedge?
Because they're full of shit, that's how.
Imagine running a deficit each year since 2001, being $36.35 trillion in debt, with another $225.77 trillion in unfunded liabilities, while depending on the rest of the world to provide you with a significant portion of vital products and weapons for your continued existence.
The same people who brought the U.S. to this stage are the same ones who benefited the most from destroying the US the middle class.
They're also the same people who claim that they need to tax you more, because they've proven to be so fiscally responsible with your tax dollars and debt issuance in the past.
Here's the recipe to not become poor:
1. Provide value to society
2. Spend less than you earn
3. Save in Bitcoin for minimum 4 years
You're welcome!
UNPOPULAR OPINION:
Not all rich people are greedy.
Not all broke people are lazy.
Yeah, the Bitcoin-backed lending market has changed a ton in just the last 4-5 years. I can't even imagine what will be available in the next 4-5 years, but I'm sure it will be insane