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 (3)

+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 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.