RE: Soft Money Generates Soft Solutions
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The savings argument is the best tool I have in my arsenal at the moment to show to my friends/family that having 0.01% interest rates on your savings vs at least 4% on BTC savings to convince them to "opt out". They still are convinced the government will sort them out but I'll just keep preserving my savings in the mean time. Little did I know we'd see such a crazy rise in value of BTC since the big crash in March but it's a nice bonus! Even if BTC stayed at $4k and I'd get the 4% interest, would still be fine with that!
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Lol, I couldn't get through anyone wants to hear a damn about savings, they want to buy high and sell higher, wealth without work and instant riches and then blame it for being a bubble.
I mean what's not to love, if it goes down I get a bigger sat position for my 4% interest, if it up I get more purchasing power, how can I lose?
The power of compound interest is amazing, he who understands its benefits, he who doesn't pay the interest. BTC is a purchasing power blackhole and we're just gobbling up the worlds purchasing power like it or not
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Haha, yeah I've seen that argument as well about "I wish I bought some in the March crash" when I was telling them that's exactly what I'm doing, spent every last penny I had to get the amount I did then and they are still ruing a missed opportunity. It's now "too expensive" for them to buy and I'm like, you've not been listening to me have you?!
Lol yeah, that's the win-win situation, obviously the whole "not your keys" thing with CeFi is the issue and not covered by FCA but just use it to get your foot in the door and realise BTC is not some dark art! These CeFi companies are in a period of growth so not going anywhere unless some serious shit goes down.
My fiat has long gone past the event horizon of the BTC black hole, no chance anything is escaping from that now haha!
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