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My advice is always: Just hodl some bitcoin, but not in amounts that make you cry when you loose it. It's been better for me so far than normal savings account
by teekert 11mo ago
My advice is always: Just hodl some bitcoin, but not in amounts that make you cry when you loose it.
It's been better for me so far than normal savings accounts.
- saalweachter 11mo agoMy advice is always: invest in the assets I hold, and never sell. It really makes the value of my holdings rise.
- almosthere 11mo agoThat makes sense, just treat it as a retirement account. And hope that it doesn't get cracked in our lifetime through quantum computing or alien technology.
- ecocentrik 11mo agoMy advice: There's always at least one crypto scammer telling you to hold through the dip.
- more_corn 11mo agoI hear there’s always money in the banana stand.
- ecocentrik 11mo agoGiven the choice between a 2000 acre banana plantation and 400 bitcoin. I would choose the banana plantation with full confidence that I would get a better return from bananas over the next 20 years.
- kjellsbells 11mo agoWhat can it cost, $5?
- winternett 11mo agoMy advice... Take a time machine back to 2009-2012 & only invest %100. Otherwise it's too late.
- amrocha 11mo agoThis is the worst financial advice anyone could take. For context, this is the equivalent of someone telling you to invest all your savings in the company you work for and use all your salary to buy more stock.
- jmathai 11mo agoYou're correct if you own some BTC. FTA: > I have zero doubt that BTC will hit $1m one day.
- winternett 11mo agoAn Ai robot named BTC will hit an Ai robot named $1m on Battle Bots perhaps... Totally plausible.
- lxgr 11mo agoHard to argue with that reasoning, on several layers.
- anthonypasq 11mo agowell i would hope so, a normal savings account has 0 risk. im not sure this is a great argument to hold some bitcoin lol
- sneak 11mo agoA normal savings account does not have zero risk.
- bangaladore 11mo agoWhat risk are you taking on with a normal savings account? If you are saying the global collapse of the financial system, crypto will be the first to fall in that case. Crypto like BTC is pretty much a more volatile market tracker.
- anon7725 11mo agoInflation risk.
- bangaladore 11mo agoI think most people would accept inflation as less of a risk then 20+% swings of the crypto market on a fairly common basis.
- sneak 11mo agoIf they’re that common, it’s easy to profit 20% from them.
- bangaladore 11mo agoThat makes absolutely zero sense, and you know it. I understand you are here to essentially shill bitcoin given you have a company that exists because of it but at least argue in good faith.
- 11mo ago