Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
I hear ya.
No one should ever INVEST in Bitcoin, unless they understand the technology.
However, I would recommend to anyone to consider INVESTING a few hours of their life into watching Andreas Antonopoulos videos. He's the geek that puts the Bitcoin technology and how it functions into plain english. You'll be glad you did. Once you wrap your head around it, you'll be informed. There is no 'missing out'. It is NOT an investment. It is NOT a diGiTaL aSseT that gets bought/traded/valued in terms of [their] fiat...... That is simply what the bankster media has most people believing.
Watch Andreas' talks. It is very entertaining as well.
Ty. Obviously I haven't even done the bare minimum in this space - which is why I avoid it. ☺
I will take a look. Thanks.
For those of us that likely won’t get to watch the videos, what is bitcoin if it’s not a digital asset? I low-key assumed that it was created as an outlet to divert investment away from bullion as the currency crashes.
Please, do yourself a favour and invest time into understanding what Bitcoin really is..... what the tech is, how it works.
What hard money vs easy money is etc.
Then you'll understand why it is NOT a digital asset. Unless you understand the tech, it is simply impossible for me to explain to you why it is NOT a digital asset.