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0 sats \ 3 replies \ @SpaceHodler OP 27 Feb \ parent \ on: A quick update on my "orange pilling my friends" journey bitcoin
Thank you for the thoughtful response.
We're quite a bit older :)
I don't think J is able to save that much, but she got a windfall a few years ago. I wasn't even a bitcoiner back then and suggested putting it into an S&P 500 ETF, but she had some resistance against it, so she left it rotting in the bank. It has probably lost 40% of its purchasing power since then.
Yes, B is going to get scammed. Not his first time, and probably not his last, he doesn't seem to be learning.
I probably care about S the most at this point. As I may have mentioned before, if I sent him some corn he'd probably lose it.
Honestly, I think the key to all of them is long term thinking.
If they really sat down and thought about the next 10 or 20 years of their life what would that look like?
I'm in my mid 40s and I really didn't properly start long term thinking until I turned 40. It was actually the day my dad retired. The moment I started getting rich slow rather than getting rich fast everything turned around.
And if I'm being perfectly honest, it was only a few key decisions that made all the difference.
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It may be that, but there is probably more.
I was baffled when he asked me "Does the value of your bitcoin still go up when you hold it in self-custody?"
It shows how little he understands.
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face palm
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