Compared to some of you OGs, im a relative Bitcoin beginner and I do that thing that all newcomers do, I look at past historic charts and lament over what could have been,

everyone gets Bitcoin at the price they deserve right!

also the Timechain app is cool and heartbreaking at the same time, for being able to go to a specific block or date in time

Who checked when block 21 was, or 2100, 21000, 210000, or a specific date like your kid's birthday etcWho checked when block 21 was, or 2100, 21000, 210000, or a specific date like your kid's birthday etc

Anyway, I've been stacking sats for a while and I'm happy with my position, I can remember when I first got serious conviction and I smash bought a good chunk to set my stall out, to draw a line in the sand and have been DCAing ever since

So I saw a tweet from Julian FigueroaSo I saw a tweet from Julian Figueroa

which was endorsed by Blockstream, encouraging or endorsing that normal people should skip buying a primary home, rent indefinitely, and dump everything into Bitcoin

Even as a beginner this is terrible adviceEven as a beginner this is terrible advice

From this young man who seems inexperienced in what life looks like with a family, maybe it could work if you're single and carefree

Bitcoin has obviously crushed real estate appreciation over the yearsBitcoin has obviously crushed real estate appreciation over the years

no argument there, the long term sov properties outweigh the now long standing arguments about property maintenance, taxes and tenant headaches etc

But telling average families, people with kids, jobs and nearby family, to forgo owning a primary residence and...

just rent while stacking like a psychojust rent while stacking like a psycho

...is not a bold vision, it's reckless, shortsighted and frankly dangerous advice

For most people, a home isn't an investmentFor most people, a home isn't an investment

It's a fundamental human need that provides that no place like home feeling, where you can build memories and raise your kids

Owning your home gives you a foundation in a scary world, they are your keys, pun intended

Your home translates to peace of mind, better focus at work, a stronger family unit and the ability to plan for the future

Contrast that with long term rentingContrast that with long term renting

The constant anxiety is no joke, imagine getting that notice, your landlord sells, wants the place back, or just finds a higher paying tenant

Suddenly you're scrambling to move mid school year, uprooting kids, dealing with storage, moving costs and the emotional stress of moving

Rent isn't "freedom" it's constant uncertainty with a flexibility wrapper

For anyone building a life, that anxiety plays on your mind far more than any outlandish cagr predictions

The video's math cherry picksThe video's math cherry picks

It assumes like most inflooencers do, that past bull runs will continue as before, we don't know what the future holds, institutional meddling is altering the trajectory of where Bitcoin was going before these pesky banks got involved

We could see 70-80% drawdowns again and again, they are baked in to the past and could be part of the future, we could see 700-800% omega candles, some of you hardened OGs have lived through these times and it becomes a badge of honour, a bragging right, it's what seperates the wheat from the chaff

So, if you already own your primary residenceSo, if you already own your primary residence

and have surplus fiat that you might have blown on a second property or the s&p, then yes, slam it in to stacking hard, that's the experienced play, secure your base first, then go all in like a psycho

But for new stackers starting out?But for new stackers starting out?

Get yourself a primary home as a foundation, pay it down over time, don't gamble your family's security on the hope that Bitcoin moons every four years, when you actually need a roof over your head

Bitcoin is why we are all here together on SN, it's the ultimate savings account, if held self custodially

But it's not and should never be sold as a substitute for the human need for a stable home

Telling impressionable beginners shows a lack of wisdom that only years of living provides, literally proof of work

I'm disappointed in this take but I can forgive this young man because he doesn’t know the way yet, but Blockstream should know better