submitted by /u/jguest1105 [link] [comments] |
source https://www.reddit.com/r/btc/comments/rt03ll/2021_was_a_huge_step_forward_in_terms_of/
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Most people give sound advice and have quality posts. But I’ve noticed a lot of people encouraging people to take loans to buy BTC, to invest your life savings in BTC, 100 k guaranteed 2022, that BTC will always outperform stock market and Real Estate, e.t.c.
I am a believer of BTC but I also believe you shouldn’t put all your eggs in one basket. Buy land, invest in a low cost index fund and Buy BTC. This will probably get downvoted as it’s a BTC forum. DCA what you can afford to lose but don’t become fiat broke with no other assets besides BTC. It worked well for early participants but doesn’t mean it will continue.
There is no solid savings tool and currency like Bitcoin. States, institutions, organizations can be destroyed. And it seems foolish to me that people store their economic assets in local currency in the hope that their government will make the right economic decisions. But Bitcoin will survive as long as the world exists. Now that even the blockchain is broadcast via satellite, how do people think governments can block Bitcoin? P2P systems are available. And people can use them through decentralized systems. Already, developed countries will recognize Bitcoin. And it will provide people with the necessary tools. But before governments, I think people should trust Bitcoin.
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Hi there,
Does anyone know an exchange that will allow me to do domestic wire transfer to a US bank account (I am a Canadian and live in Canada). I have the US bank account set up. I tried Kraken, but they have an intermediary bank thing, which I don't understand, may be pricey. I also tried coinbase but they don't connect to any bank once they find you live in Canada.
Thanks!