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42 sats \ 1 reply \ @bitalion 16 Sep \ on: has getting into bitcoin changed you personally? bitcoin
The millionaire did not give you bad advice, he only gave you incomplete advice, save 10% in BTC, but well, I think you have portrayed almost all of us who are here. In my case, I approached bitcoin out of economic necessity and due to ignorance, I tried how many shitcoins there were until I lost the little I had earned. Now I only use BTC to save and to acquire goods, which although I do not pay for them directly in BTC, it is still my support.
the arc of the shitcoin is a learning tax i think for many, i walked away for years but thank god i came back and got smart(er).
my millionaire friend was giving this advice pre bitcoin and he was an accountant, but if he had just explained inflation or something, i could have started learning. i did read the confessions of an economic hitman back then. but i had never heard about Austrian economics etc
the funny thing about that dude is he was from Texas and never bought property and, ironically, in 2007 i was always asking wtf he didn't just pick something up (we were both expats and he was making 20k a month USD, paid apartment and paying 13% tax). i was like you could have one paid off in no time.
looking at what happened to property prices in texas, i bet he regrets that lol
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