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Waiting for my house to sell to buy some coins

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Hey everyone!

First time posting on /r/Bitcoin and on reddit in general so it's a big step for me ????I've been on the bitcoin wagon since 2017. I have never made any big purchases, just every now and then when I had some money I could spend. But couple of months ago I bought The Bitcoin Standard after Saifedean Ammous and while reading it and finishing it recently I've been doing a lot of thinking and reflecting.

So the thing that hit me the most is inflation bubble we live in. How there is actually no real value behind our current money standard and since we wen't of the gold standard between the WWI and 1971 we've been forced to spend more "thanks" to Keynes and his theories on how an economy should be built and run.

Anyway I've been wanting to move away from debt for a couple of years and never as much as now. Therefore I'm in the process of selling my house, cashing out some money to buy some coins as well as getting rid of my huge debt. It's a slow process and I'm a bit impatient while watching the price pr. coin going up. Kind of hoping for a small dip soon lol.

I just wanted to share this, don't know why but have a great day and embrace your self for the future ????

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EDIT: I can see here many are saying that you need to drown your self in debt to be able to generate wealth. While that is true it makes no sense to me from an economic standard and it builds on top of Keynes theory which is absurd.

I am familiar to the real estate business since I know some people who've made a living off of it. To me it makes no sense that I can borrow money for a house that increases in value by 20 - 30% over a period of two years since I'm gaining 100-200% on the money I put in as a down payment. Let's take an example:

  • I buy a house for 500K, where the downpayment is 20% of the listed price, so 100K.
  • I sell the house two years later for 700K.
  • Over a period of two years I've generated 200K just from owning a home. That is 200K in money being printed in a simplified way.
  • I could go on now and buy a house with my downpayment of 300k. Meaning that I can buy a house for 1.5M since I only need 20% downpayment.

This example is not me just playing with numbers, it's real life example. I know there are a lot of factors that come into play like paying off loans etc. But If I was to rent out that house that means I can charge higher rent.

This is how the rich get richer while the poor get poorer because the world continues to accumulate debt that is never ever going to be paid. I genuinely believe that this is a bubble that cannot continue on the same path.

I'm not saying that you should sell you home and buy bitcoin. It's a matter of personal interest where you wanna put your money and how much you trust in it.

submitted by /u/dno_dont_care
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