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50 sats \ 0 replies \ @siggy47 3 Mar 2023 \ parent \ on: How Important are Banks to Bitcoin Today? bitcoin
I'm an older guy, and many of my friends grew up in a generation that chose to live debt free. A few never bought a house, because they did not want a mortgage. They never had car loans, choosing to pay cash for a modest used car. They are good, virtuous people, who believed in the American dream, saving their money. Guess what? They were sold a bill of goods, and are now looking forward to a miserable retirement. In the immoral, fiat debt driven world from 1971 onwards, it was foolish to trust the government to preserve your hard earned dollars. I felt I had no choice but to play their game.
I should point out that I have never used leverage in a bitcoin purchase, nor will I. I also don't trade.