I don't tell most people to do what I do in #Bitcoin. I may share what I do, but I'll never tell others they should keep just enough fiat for one month of expenses and put everything else into Bitcoin (my strategy).
That said, if you don't have at least 5% of your total networth in Bitcoin... I don't think your future will be too bright. And that's my opinion for people who are mid/high net worth.
I don't see how I could have much of a chance without Bitcoin. That's why I'm so deep. I don't have a better option. The tech and freedom are excellent, but I'm speaking purely about my financial reality right now.
I can see how a hedge is better than nothing for wealthy people, but to be lower class sitting on nothing is fucking bananas to me if you have the ability to work more, cut expenses, etc.
I just don't see how these people will make it, unfortunately. It's a sick reality created by the fiat system.
I'm telling my friends and family to STUDY Bitcoin and offering to help once they choose to free themselves. I don't tell people to buy it. I tell them to study it, and the difference matters.
People need to choose for themselves. Many won't make it, but I'm doing everything I can to remove their excuses for them.
Good luck.
Replies (5)
+1 to studying. My father-in-law wanted me to sit down with him and show him how to set up an exchange account and buy Bitcoin. I said I would do that, but only after we talked about what Bitcoin is and why it's important.
I can't let myself help anyone buy Bitcoin that doesn't first understand Bitcoin.
I have the same take
we are just extremely early, these people will use bitcoin only 1,2, or even 3 cycles from now.
Doesn't matter to me.... You get the price you deserve, I learned this after wasting one week trying to orange pill my boomer parents and family, it is almost useless, the Normies have to get obliterated by NGU and end up with the little SATs they can scrounge up after market cap continually explodes. It is the only way, for some reason, I have referred to this as "financial autism", something I noticed trying to orange pill these people (family, parents) who just will not get it for some reason, it is like literally autistic with regards to grasping the critical importance and fundamental nature of bitcoin and absolute zero issuance. They spend their whole lives to working, dedicated to earning fiat, then choose to ignore the birth of true money and will ignore you too until their face gets incinerated by hyperbitcoinization.
Like I said those financial illiterate bitcoin deniers and shitcoiners and fiat maxis (the lot of them, including real estate maxis) will learn by basically becoming infinitely poorer than bitcoiners as each cycle passes, until they awaken and adopt bitcoin.
Or they will hold their 1% allocation and basically be a poorfag/normie still in the post hyperbtc reality when they'll have just run-of-the-mill net worth and be comfortable.
Maybe they will think occasionally about years ago when you told them about btc and spent hours and days trying to get them to understand how they could have been ultra ultra elite wealthy people and family if they had listened to you but they will probably block off that section of their mind so they don't process that and convince themselves they are successful with their little sats.
Anyway the future is extremely bright for all humanity but *especially* for us maxis early adopters who are all in now and willing to work and hodl our stack for some years while btc consumes the market
Perhaps my view is extreme and skewed/flawed (it probably is, I am an extremist) but I really think it will pretty much play out this way. #Bitcoin is the global reserve asset. Everything else (equities, real estate) is just doll houses and paper
I think we are both #Bitcoin extremists. Lol I don't think housing goes to zero, because we all need shelter, but I think it goes to utility value, which effectively is zero from an investment perspective. However, there will always be some demand for renting for those who don't plan to stay in a place for long, but the profits will be lower since they'll only reflect utility demand and not the current bullshit that gets passed on to renters.
They'll likely get rekt by buying high and selling on the way down. I always add 5+ year caveat when talking about it as an investment, although I make it clear that I'm never "selling" (getting out) because it IS money for me.
