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105 sats \ 9 replies \ @Fabs OP 4 Mar \ parent \ on: What's the poor man's option? Personal_Finance
Yeah, what the fuck am I supposed to do with this input?!
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If you fill the bitcoin bucket on a regular basis, and the price continues to increase as anticipated, it will become increasingly difficult to acquire a whole bitcoin (likely out of reach for most people at this point), but if you manage to get to 0.1 (or 0.25, 0.5, whatever...) and bitcoin really goes to $10M or $40M or $100M ... that leaves you with a healthy amount of wealth, as time goes on
@Cowboy is correct though. The wealthy who do that didn't do that in a day—globally speaking, most of them come from generational wealth. The tech giants are admittedly nouveau riche, but, like oil giants yesteryear, they hit upon on an emerging natural resource at the right time and place and monetized it. Neither of those are easy to replicate.
Ever read Franklin's The Way to Wealth?
Vessels large may venture more, But little boats should keep near shore.
With btc, the optimal strategy really is to just work (even at McDs) and save. A satoshi saved is a satoshi earned.