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Stop trying to get rich from Bitcoin, it will make life a lot more comfortable for you
Bitcoin is not going to 10x any time soon. The idea that you don't have to work anymore and Bitcoin will retire you is not a viable strategy. And by trying to make that a reality, you're just emotionally attaching yourself to an immediate outcome, and you'll be swaying with the ups and downs. Bitcoin is guaranteed to go up, the economic situation is bad and likely to get much worse with AI erasing entire job sectors in the next 10 years, bringing budget shortfalls in government that will need to be filled with printing and higher taxes. Every country is going to accelerate the printing of money, including US, Canada, Europe Union, Australia, UK, and China. They're getting to the point where they don't even think twice before printing billions and trillions of dollars, something that we previously unheard of in the 70s and 80s. Just last week, EU earmarked another 800 billion EUR they don't have for additional war spending that gives EU nations permission to print beyond their previously permitted 3% GDP figures. Bitcoin is going to perform well as an inflation hedge. But the days of retiring on Bitcoin, unless you have tens and hundreds of them at this point, it's not going to happen. Your only hope is to increase your income so you can buy the dip when it happens and continue stacking outside the fiat system, in places where the governments cannot use your funds for paying national debts in tight times. And that is an ever increasing risk, any money held in a Swift bank account is not yours, and we will see some wild stunts pulled by governments in the coming years. submitted by /u/BtcKing1111 [link] [comments]
Bitcoin is not going to 10x any time soon. The idea that you don't have to work anymore and Bitcoin will retire you is not a viable strategy.
And by trying to make that a reality, you're just emotionally attaching yourself to an immediate outcome, and you'll be swaying with the ups and downs.
Bitcoin is guaranteed to go up, the economic situation is bad and likely to get much worse with AI erasing entire job sectors in the next 10 years, bringing budget shortfalls in government that will need to be filled with printing and higher taxes.
Every country is going to accelerate the printing of money, including US, Canada, Europe Union, Australia, UK, and China.
They're getting to the point where they don't even think twice before printing billions and trillions of dollars, something that we previously unheard of in the 70s and 80s.
Just last week, EU earmarked another 800 billion EUR they don't have for additional war spending that gives EU nations permission to print beyond their previously permitted 3% GDP figures.
Bitcoin is going to perform well as an inflation hedge.
But the days of retiring on Bitcoin, unless you have tens and hundreds of them at this point, it's not going to happen.
Your only hope is to increase your income so you can buy the dip when it happens and continue stacking outside the fiat system, in places where the governments cannot use your funds for paying national debts in tight times.
And that is an ever increasing risk, any money held in a Swift bank account is not yours, and we will see some wild stunts pulled by governments in the coming years.
[link] [comments]
