Perfectly describes why some people want to keep the current | Rajat Soni, CFA på Binance Square

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Rajat Soni, CFA

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Perfectly describes why some people want to keep the current financial system alive as long as possible

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Rajat Soni, CFA

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They still don't know there are unlimited US Dollars

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Bitcoin is neutral It has no political views, gender, geographic location, etc It doesn't care who you are Bitcoin works for everyone Whether you have $1 of Bitcoin or $100,000,000, you get the same percentage returns In the legacy financial system, the people with $1 of savings are ignored because they can't generate fees for Wall Street

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My #Bitcoin strategy is simple: 1) I buy Bitcoin when I have extra fiat 2) I sell Bitcoin when I need more fiat 3) I try to increase my income so I can avoid selling as much as possible 4) I borrow very small amounts of fiat against my Bitcoin if I really need to 5) I don't care about the price when I buy (because eventually, every buy will appreciate in purchasing power) 6) I avoid altcoins 7) I only buy stocks with money that I'm OK with losing 8) I think of Bitcoin as savings, and Microstrategy as an investment 9) I have a minimum 4-year time horizon 10) I don't take profits 11) I keep studying Bitcoin because there's always something new to learn

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I'm not saying this to scare you I'm saying this to prepare you If you're in your 20s and 30s and you're only relying on the S&P 500 to save for retirement, I think you're heading for a trap Let me explain:

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On a Fiat currency standard, you work 45 years to enjoy 10 On a Bitcoin standard, you work for 10 years to enjoy 45

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