20 sats \ 0 replies \ @TheBTCManual 29 Mar 2023 \ on: Owning even a tiny amount of BTC is a great achievement bitcoin
I've had this same response from others, not that I tell them how much I have, i've given family members some bitcoin early on just to get them interested, (failed plan) but you know we live and learn
I agree with what you say, if you were able to spend less than you make and deploy that amount into savings i'd say your doing better than most of the world who either have no savings, tiny amounts or they're in the negative just servicing debt
I think people are confusing savings with investments and assets, and they cannot recognise a trend, if they did they wouldn't be so tired to the unit of account of their local currency. People would rather justify the mental gymnastics of going 10x leverage on a home and hoping for a postive equity return or refinancing that debt later than simply holding something and not thinking about it, the idea is to make money you need to give it to someone to manage or constantly be active
The way I see bitcoin is that it's cash, and it's the first time a purely cash portfolio outperforms investing, its strange sitting on your arse and doing nothing just letting this thing monetise and absorb your purchasing power as well as everyone who starts to realise what you realise
To me 2BTC is more than a lifetimes worth of bitcoin over a long enough time horizon if you can hold on to it