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I think I might just put all my money in Bitcoin for the rest of my life because no one can take it.

4年 前
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I'm trying to choose a career option and I'm thinking of all the ways I can store the value I earn.

Real estate i understand generates cash flow and offers tax breaks.

Stocks and S&P I understand has stood the test of time and stocks are a share of a profit-generating company.

But the thing with Bitcoin on a ledger is, you literally cannot take it from me even if you tried. You can even lock me up and kill me and you still wouldn't get it.

If I run up my credit, take out loans, tank my credit score, and never pay back the loans, so what? They can't do anything.

If I had real estate, yes, you can seize it. If I had cars, yeah you can put a lien on it. You can freezey bank accounts and stock accounts too. You can indeed do that. You can even get celsiused like I did and crypto exchanges can lock your account and deactivate your account.

But Bitcoin on a ledger, that's it. I can take out as much debt as I possibly can, and there will be no assets to freeze. You can't freeze or seize my Bitcoin address. You simply cannot. Bitcoin is the ultimate leverage is it not?

submitted by /u/ITvssoftwareengineer
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4年 前
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