Replies (33)
💯
it’s hard to get someone stuck in a fiat mindset to think 5 bucks they could save today could possibly matter in the future
their mode of being is consume more than you create
over 40% of americans couldn’t handle a $400 emergency without credit in 2025.
so it’s probably worse now
I think you’re definitely onto something there. It’s probably deeper than that also, and has a lot to do with aversion to volatility, and the perception that everyone who got into bitcoin years ago has already benefited the most from it and there’s nothing left for anyone new.
I've pivoted to experiments on how people can save money. The time bank, repair cafe, and possible swap meets are hugely popular for that exact reason.
Eventually I'll bring up Bitcoin again but probably as a minor comment about why I like Nostr. There's a lot of busking in town and sending/receiving a tip for good content would make sense to them.
Just bringing up saving in Bitcoin makes folks actively mad 🤣
The volatility and unit bias are real challenges to overcome. Maybe we should pretend that satz are the newest crypto meme coin so they can feel early.
It’s all just so fiat. It makes me sad.
My neighbor did some work for me and I asked if I could pay him in bitcoin. He said he wanted cash because he had a new gun he wants to buy. Dude doesn’t need another gun to protect himself from being stolen from. He needs Bitcoin. Oh well.
Im going to pivot from trying to onboard new people to trying to empower the already onboarded to stack more. I want all you fucking lunatics to be so rich you get to set the rules. 🤣
That thought has crossed my mind before!
View quoted note →From your lips to God's ears!!!! 🙌🙏🙌
Lots of people have retirement accounts, but they are terrified to convert out of them, afraid they will never recoup the taxes and penalties. Lots of other people are alreadt drawing the money out of retirement accounts because they have loat their jobs or been reduced significantly. It is rough out there.
Oh! I'm suddenly reminded of the best dating advice ever, which unfortunately can't realistically be brought up early enough... Gotta fund out if she saves, uses credit cards, has any understanding of debt...
For better or for worse this is why Bitcoiners will inherit the world.
Totally see this—many people treat credit limits like emergency funds now. But even retirement accounts aren’t safe; I just read how 401k withdrawals are spiking, which means even long-term savings are getting raided.
The Board
401k Withdrawal Spike: Is Your Retirement Safe?
Americans are tapping into 401k accounts at alarming rates. Is this withdrawal spike jeopardizing retirement security? Learn about the K-shaped ret...
well their 'savings' is in the market, in retirement accounts. and as we all know if you touch it too soon, PENALIZED. so there is alot of friction.
i think the biggest hurdle is the deprogramming.
its wild cause everyone feels it, from their gas tank to their grocery bill, to the cost of their water bill.
EVERYONE KNOWS SOMETHING ISNT RIGHT.
the left will tell you its the rights fault
the right will tell you its the lefts fault
even though we have had multiple instances of a party having the trifecta of control of house, senate and presidency.
ITS THE FUCKING MONEY AND HAS BEEN FOR AT LEAST 55 YEARS NOW
part 1 of understanding, is admitting that you know nothing JON SNOW
rant over
She was the hottest character in Game Of Thrones. 🤫
Yall are still “saving” in bitcoin still? lol
What’s the point of keeping all the shitcoins? You think the slave money is somehow going to be worth something someday ?
Once you get bitcoin, you figure out a way to save.
So, its inside of retirement accounts. Withdraw monies, take a one time tax hit and go orange with self custody, of course. Starve the fiat beast.
Not just savings, self custody is even more foreign to slugs.
Right but I’d even be happy if they bought and left it on the exchange. Gotta start somewhere.
Most couldn’t afford a Trumpstein $250 bill-size emergency.
everything gets worse, but a line goes up.
you get an ATH
you get an ATH
I noticed this in 2021, when everyone was flush with cash. No one was interested in saving that cash, everyone wanted to get rich on stonks or shitcoins, or just spend it on lifestyle upgrades.
I'm noticing this. Most people can't even break even let alone save anything.
Is it their fault though?
The fiat encourages you to fucking chuck it into the street as soon as you get it.
What a great point
Is this true? What are you basing this on? I only ask because most I know have high savings but still no bitcoin. The main issue is mortgage debt which everyone here is drowning in. Even with high savings it's not enough to cope.
i've noticed kinda the opposite. i have a few coworkers (i have no friends, so i'm taking data from a very small pool) who have cash but don't know where to put it. I always suggest bitcoins.. but so far no one has listened. i think the real reason we can't orange pill most people is because bitcoin is too much of a game changer. it's hard to figure out. it's scary unless you understand it.... but they will come around 🧡
Partially personal experiences but mostly stats I hear pushed around like the average American couldn’t handle a $400 medical bill.
Interesting. Where do they put it instead?
i suppose in some lousy savings acct. also invested in tools & vehicles. those are asets
