I've been heavily into btc for 5 years now, though I first heard of it in 2017.
Take this for what it is:
General framework:
A lot of people want to brag how much bitcoin they have. I cannot stress this is a TERRIBLE idea. It will only negatively effect your income if w2 worker, negatively effect friendships, and also put you into grave risk of physical harm.
- Physical risk. I have known people who were robbed, and one murdered, because of perceived money.
Over time more and more will become desperate.
Saying how much btc you have is a risk.
Have a cool car? Keep it inside your garage.
Have a cool watch? Don't wear it on the ny subway unless you want your hand chopped off.
Workplace -your boss doesn't want to hear about bitcoin, nor do your coworkers. Have 5 btc? Understand for most people the idea of having one coin is a far flung fantasy. It will create resentment and anger. It will also cost you potential opportunities.
Friendships. I had several friends that missed the opportunity and will continue to miss it. They are starting to become very angry because the reality is that they are working in rat cages, have 40% of their income stolen through taxes, and 15% in real inflation. Their income is drastically falling in btc terms.
Wealth divisions create problems. Keep your mouth shut.
Scams. I was recently hit for a scam attack. I am uber paranoid. Let me say it was GOOD. Be wary of social media. Delete yourself off of it.
Luxury purchases/fast $. Remember why you got into btc. Mine was simple. I wanted a risk to get the fuck out of the fucking rat race.
I just had a close friend call me. his house is going into foreclosure. he's losing his business. He's 37. He could have had a nice house paid off. The lure of riches fucked his life.
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