Fuck it, Bitcoin is my savings account now

I'm 27 years old. Savings account at local bank pays 0.0001% interest rate(or some shit).

Why am I keeping thousands of dollars JUST SITTING? I just pulled a Michael Saylor and converted the entire thing to bitcoin. Somehow I feel a little bit of relief knowing that my money is 100% safe from identity theft or my physical wallet being stolen.

Just sold my 401K of $4,000 into BTC. Over an entire 1 year period, that 401K only grew $1000. Bitcoin more than doubled that.

I don't even care that some older folks I know thought it was stupid. I am young enough that even if this all goes to zero, I can still pay my bills, and have plenty of time to catch up to build retirement fund.

Fuck it. I'm all in.

Literally.



Submitted December 24, 2020 at 08:29PM by Nossa30 https://ift.tt/3aCVaEU

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more