r/Bitcoin

Instead of buying a house, i am buying bitcoin.

I moved out, left school and started working pretty young at 16. Still being under 20 years old today, I have noticed many important things, in life, but one that has stuck out was how expensive everything has gotten over the last couple years. I pay close up to $200 weekly in groceries just for myself as an example…

And In this day and age, i have already come to the realisation how flawed fiat currency is. with a 3.8% annual inflation rate for my country, AND 4.54% for America, our money has devalued approx 98% over the last 100 years. $100 from the year 1925 would be worth approx $4.9K of my currency today, And $100,000 of todays money will be worth approx $70,000 in a decades time.

I was buying bitcoin before i knew this information, since november last year, and as time has gone on, i’ve only wanted to buy and HODL more. Ive actually picked up a second job and have been working 7 days a week just so i could buy more btc.

Its a bold decision to put all of my money into bitcoin, but i’m young and it’s worth the “risk”. As world wide adoption, interest, corporate and government embracement is growing i do genuinely believe we are moving into a time where it’s possible BTC may reach over $1 million per coin within 10 or less years.

I believe i’m better off renting in a shared house with house mates and stacking SATS instead of saving to get a house deposit and paying off the debt. The median house price over here is approximately $1,474,343 for a rundown piece of shit 1-2 bedroom home… 😂

The only other assets id consider buying would be GOLD and possibly silver, but with a 49% annual return rate for bitcoin, i feel pretty confident in my decision. I am already up a satisfactory amount with what i’ve invested.

I would encourage everybody who isn’t invested to learn how bullshit the current monetary system is, and understanding the store of value before buying bitcoin. I wish the best to you all, feel free to leave feedback, information corrections & comments. keep stacking 💪🏽


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122 viewsMay 13 at 12:37

Instead of buying a house, i am buying bitcoin.

I moved out, left school and started working pretty young at 16. Still being under 20 years old today, I have noticed many important things, in life, but one that has stuck out was how expensive everything has gotten over the last couple years. I pay close up to $200 weekly in groceries just for myself as an example…

And In this day and age, i have already come to the realisation how flawed fiat currency is. with a 3.8% annual inflation rate for my country, AND 4.54% for America, our money has devalued approx 98% over the last 100 years. $100 from the year 1925 would be worth approx $4.9K of my currency today, And $100,000 of todays money will be worth approx $70,000 in a decades time.

I was buying bitcoin before i knew this information, since november last year, and as time has gone on, i’ve only wanted to buy and HODL more. Ive actually picked up a second job and have been working 7 days a week just so i could buy more btc.

Its a bold decision to put all of my money into bitcoin, but i’m young and it’s worth the “risk”. As world wide adoption, interest, corporate and government embracement is growing i do genuinely believe we are moving into a time where it’s possible BTC may reach over $1 million per coin within 10 or less years.

I believe i’m better off renting in a shared house with house mates and stacking SATS instead of saving to get a house deposit and paying off the debt. The median house price over here is approximately $1,474,343 for a rundown piece of shit 1-2 bedroom home… 😂

The only other assets id consider buying would be GOLD and possibly silver, but with a 49% annual return rate for bitcoin, i feel pretty confident in my decision. I am already up a satisfactory amount with what i’ve invested.

I would encourage everybody who isn’t invested to learn how bullshit the current monetary system is, and understanding the store of value before buying bitcoin. I wish the best to you all, feel free to leave feedback, information corrections & comments. keep stacking 💪🏽


https://redd.it/1klh41b
@r_bitcoin

BY r/Bitcoin