The Ponzi will go on, people are dull. They can’t wrap their heads around the thought of making 5% in the bank is losing value.
My cousin has a plan where he sells his house, puts the money in a savings account uses the interest to pay rent and sits on the principal until he retires in 5 years.
I wish it was that easy.
Damn, a recipe to get inflated away. Hope they learn to HODL before it's too late.
I stopped trying to convince this cousin. He is very scared with his money.
Occupy Wall-street should have woken more people up. We weep. 😭
We weep as they stick their heads in the sand
Ima go to DC & claim the White House as my new home. No joke. Maybe not this year as I hope but definitely next time. 🥰
$500k in fiat will get him $2k a month @5%
$500k in bitcoin will get him $4k a month @10% ( Min Rate of debasement )
It's that easy if you buy and hodl Bitcoin. My own mom asked me what to do with extra capital about 6 months ago. I told her by some Bitcoin of course. I even told her to buy the ETF if she didn't want to through the process of self custody. Those dollars, went into a 5% CD at her credit union...
Most older people don’t want any of this stuff to change. They got into the legacy system while it was still viable
Yep. It sucks, but that's the game they want to play. The boomers are NGMI much longer.
The ones that managed to at least get on the property ladder are probably mostly ok
Fuck them who cares
He’s my cuz
So my own sister has been laughing in my face about bitcoin for over a decade. Can only lead the horses to water, can’t make them drink. Everyone is accountable for their own decisions
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