Your Mother-in-law has to do 100 hours of research... if not then T-bills is the way for her assuming her age.. People who trust even in BTC are gonna get rekked because they don't understand the way it works and has worked and of course there can be black swan events... #bitcoin #freedom #nostr #hardmoney

Congratulations to her for buying the dip! Clearly a woman of culture. 🐸👍🏻

Is she hot?

I was thinking something similar. Wouldn't it be easier, in this case and all ideology aside, for her to buy one of the ETF?

Why the sigh? Did she rule out bitcoin?

ETF doesn’t really matter - she needs to understand it.. Until then it’s pointless.. at least with Bonds they know they getting stolen from at a specific rate but guaranteed X every month…

Does she? And if so to what extent? Buy and hold is functional strategy for a lot of assets. How much do you need to know about Coca-Cola, Amazon or Johnson and Johnson to buy their stock?

One is complete speculation and one is a complete different financial function and freedom mechanism… Studying BTC also opens your eyes to the world.. That is what’s actually most important … #bitcoin #freedom #nostr #hardmoney

I stressed it right from the start that my question is not about the philosophy or idealogy... Buying Bitcoin can be a strategy for preserving wealth where all you need to know is that it is a digital equivalent of gold. Yes, it will be speculation, it will be investment motivated by profit, but is that a problem? What is so inherently bad on it?

ok firstly - im coming from a point of view of a 36 year old who lives in a 3rd world country where our inflation rate is way about 25% per annum so my perspective is slightly different compared to someone who lives a "comfy" life in the USA... (respectful comment) I personally don't trust companies - there have been too many failures - so its all about protecting my time.. Also I don't have access to smash buying T bills so ignore my perspective.. #bitcoin #freedom #nostr #hardmoney

Hey, we are living in neighboring timezones. :-) But yes, life in the west of East Europe is probably a bit different from what you have there down south. Anyway, yes, it would always be a tradeoff and risk wouldn't be completely mitigated. BTW isn't buying T bills a moral hazard? With profit you are taking a share of government seized property.

I wouldn’t buy anything government backed.. they are the enemy!