0 sats \ 2 replies \ @Solomonsatoshi 4h \ parent \ on: Girlfriend Finally Got Off Zero -- Advice or Messages for Her? bitcoin
Does your wife understand how fiat money works?
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10 sats \ 1 reply \ @OT 4h
No
She likes property and property has pretty much only gone up for the last 10 years I'm Australia. I think this is why I haven't been able to convince her even though Bitcoin has obviously out performed.
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84 sats \ 0 replies \ @Solomonsatoshi 4h
I'm based in NZ and the same close to blind faith belief in property is widespread here too. It is understandable as property has been mostly going up since 1990 when interest rates peaked at close to 20%. The steady decline in the price of debt has seen people (keenly assisted by banks) pump up property prices with debt leveraged finance. The constant inflation of property prices has resulted in a near universal belief that the price inflation will continue- but with interest rates now trapped in a low range that is unlikely. However my motto is only invest in Bitcoin if you understand fiat (98% of the population doesn't) and want to be part of the peaceful revolution to build an alternative.
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