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33 sats \ 13 replies \ @DarthCoin 4h \ on: Getting out of debt bitcoin_beginners

Also think about this: to be in (fiat) debt it means somebody will create those money that you do not have (in fact with your own signature) and also they do not have (aka scam) and give it to you with interest.

Explained very nicely in this movie scene (El Concursante)

So by entering in fiat debt, you are literally supporting the scam (creating new money out of thin air). You are supporting your own slavery.

In order to destroy fiat, first we have to get rid of fiat debt.

https://i.postimg.cc/W1RWZRVW/btc-deathstar-logo.jpg

33 sats \ 0 replies \ @guerratotal OP 2h

Excellent video, and best of all it was in Spanish.......so I could understand it 100%!!!

36 sats \ 0 replies \ @DarthCoin 3h

A good read for all fiat loan lovers here: #816795

0 sats \ 10 replies \ @CliffBadger 4h

If you can manage to avoid getting margin called long enough for the BTC to appreciate faster than the loan's interest rate, the victim isn't you.

21 sats \ 7 replies \ @DarthCoin 4h

You are not paying attention. You are still part of the problem: creating more fiat from thin air (aka with your signature).

0 sats \ 6 replies \ @CliffBadger 3h

Then what you're effectively suggesting is that only fiat companies be allowed to take advantage of the money printer. Why shouldn't we use it for ourselves while it lasts?

7 sats \ 5 replies \ @Fenix 3h

You're not taking advantage, you're dancing on quicksand with the bank owners and politicians on your shoulders.

0 sats \ 4 replies \ @CliffBadger 3h

They're always on your shoulders, whether you take the money or not.

0 sats \ 3 replies \ @Solomonsatoshi 2h

Not true. I owe the fiat debt slavery bankers nothing and I can tell them to fuck off - and I do.

If you are in debt you are not free.

Start working toward freedom today or remain a slave to the fiat bankers. Up to you.

0 sats \ 2 replies \ @CliffBadger 2h

I'm not paying more than the minimums while BTC is under $200k. A gain of >100% in less than a year outweighs a 30% interest rate. Why would I pay everything off now, if I can just wait a few months to pay it off with half as much BTC as I would otherwise need to sell?

0 sats \ 1 reply \ @Solomonsatoshi 2h

Because the banks are parasitic leeches that you don't want to feed?

Because you want to be free from the fiat parasites and leave them to die?

While I understand your reasoning, to use the fiat debt leverage to speculate on Bitcoin, that is, in my opinion, a trap...but it is also a thing where it depends on your priorities.

If you are comfortable using fiat debt leverage to speculate then that's your choice...it's just not a choice I would make.