31 sats \ 0 replies \ @juanito 24 Aug 2023 \ on: A small story about me, my friends, Bitcoin & Maracaibo, Venezuela. bitcoin
The western (or any) MSM is a joke, so props for your citizen journaling here.
People who don't have too much spare income to save shouldn't save too much on bitcoin. I went through a bad situation at work where I unexpectedly wasn't paid for four months (I got paid afterward), and really regret having saved everything in bitcoin. I did sell a bit, and it was a terrible timing.
Bitcoin compared to the value of everyday essentials such as education, food and shelter is and will continue to be volatile for some time (many fiat currencies are too), and we can talk about principles all day but that doesn't change reality.
I have two very young children, a wife and an extended family that I partially support, so if you're a single person living with your parents or in a single apartment room (as I was before marrying) YMMV.