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fannypacksats
fannypacksats@iris.to
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Stack sats like a responsible dad orange pilled at BH 677447
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fannypacksats 2 years ago
#yomamasofiat she uses seed oils as a store of value
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fannypacksats 2 years ago
Bitcoin: The Counter-Cultural Savings Account In my adolescents I quickly learned I did not mind talking in public. Speaking on stage to a large audience never gave me the cold sweats or knee knocking that so many people experience. When I started college I thought for sure I would be a Communications or Public Relations major but after taking Psychology 101 I knew I wanted more. I loved hearing about some of the no-longer-PC psyc experiments from yesteryears. One of my favorite experiments to read about was the Stanford Marshmallow Experiment https://psychologydb.com/en/stanford-marshmallow-experiment The researchers used marshmallows and other treats to see which kids were able to delay their gratification for a larger reward in the long run and which kids chose the immediate smaller pay off. Dear America, I think we are being nudged into the immediate, smaller pay off agglomeration. We are not incentivized to save. Exhibit A Banks give us very poor returns on our savings account, three giant banks in the USA that are not even shy about it Chase -
Chase Savings℠ Account Interest Rates | Savings | Chase.com
Chase Savings℠ account earns interest, see current rates. Learn how interest rate on savings accounts is compounded & credited monthly.
 Bank of America -
Bank of America
Open a Bank of America Advantage Savings Account Online
Enjoy the benefits of a savings account to help meet your financial goals. Open a Bank of America Advantage Savings account online today.
 Wells Fargo -
Savings and Certificate of Deposit (CD) Interest Rates | Wells Fargo
See today’s savings and CD interest rates.
 With Nation Inflation rates “cooling down” to 6% it seems pretty deficient that all these massive banks have their standard savings accounts all coming in at well-below 1%.
AP News
Fed's Barkin: 'Slow progress' on inflation, sees more hikes
A top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest...
 Inflation means if we hold our money in cash it will lose value over time. So what do we do? We are left to invest. We put on our reading glasses, pay for help, and attempt to put our money into stocks, real-estate, and any other non-monetary asset we can to store our value. For far to long our money has been incapable of storing value and we’ve moved on to other methods. Some don’t invest at all : ( instead they spend it all. Spend it all and get a credit card to spend a little more on top of that.
ABC News
US credit card debt now totals nearly $1 trillion
A new report on credit card debt sounds an alarm about the health of U.S. borrowers.
 It’s about time we consider some other methods to store some value, I would like to offer Bitcoin as a possible option. Bitcoin is a savings account that changes your time-preference. It pains you to look at it on a daily-frequency and rewards you for expanding your time preferences and checking in on it every 5 years. From day to day, month to month, and even year to year Bitcoin’s value swings up and down, up and down. However when you start to look at what happens to people who decide to save in bitcoin for 3, 4, or 5 years they are able to actually store their value in a way that keeps up with and/or exceeds inflation.
Dollar Cost Averaging Bitcoin - dcaBTC
Dollar cost averaging Bitcoin is a popular strategy. This bitcoin investment calculator shows the return of a BTC DCA strategy.
 Are you ready to try something different? Sound money, sound sleep.
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