0 sats \ 4 replies \ @sudonaka 22 Jun 2023 \ parent \ on: What would make you sell your BTC? bitcoin
Btc is my reserve currency. In a fundamental collapse- there would most likely be a debt jubilee and a collapse of housing prices your paid off mortgage would be completely wasted chips and there would not be a significant amount of available equity in your home.
As long as your interest rate on the debt is below inflation- it’s free money.
Unless you want to stop working or can’t work. But even in that scenario, I’d be much more confident having Bitcoin vs having a paid off loan which you can’t buy anything with.
Collapse doesn't equal insane inflation. I mean if the job market collapsed, then I would have a home with no debt. I would also save hundreds of thousands of dollars in interest.
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Collapse would mean severe deflation. Your house would be worth 10-25mil sats while a few months before you sold 1 Bitcoin to pay it off.
This isn’t financial advice but I would never sell Bitcoin if I was expecting any kind of financial collapse. That’s kind of the whole point bro
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The last time the US has had deflation was 70 years ago. The last time we have had severe inflation was 1932 and we even had inflation in 2010 during the great recession. Not sure where you're getting that idea, but I'll take my chances that doesn't happen again in the near future.
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Your name is “0 x btc” and that’s where you are gonna be unless you change your mindset
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