How to Save On Bitcoin To Buy A House

  Saving money to buy a house these days can be an unattainable goal in the real world for most people, but Bitcoin can be your best life hack to help you get there. Bitcoin can be better to hold over the long term than a house you're not currently living in(investment property) because it has a better return and it doesn't need expensive maintenance overtime, but it makes a lot of sense to use Bitcoin as the Giga savings vehicle that it is to help you buy a nice house to raise your family.

  The process is pretty simple but the time period has to be at least 5 to 10 years due to possible massive drawdowns, that's why it's important to first study what Bitcoin really is before you put in a dime. Bitcoin is scarce because of its limited supply and its decreasing supply schedule(Supply cut in half every 4years), in contrast to others currencies that have an unlimited supply trending to infinity. Here is the Bitcoin monetary policy that cannot be changed since the genesis block.

      While you may feel safe with your money on the bank account but, they are giving you only 0.01% a year on that money which is only $5 on $10,000 and you're also losing at least 15% through real inflation, that's the rate the currency(dollar or your other fiat) is losing value against valuable things you want to buy like a house.  This is where Bitcoin comes in to rescue your money, Bitcoin has an average return of 50% a year in the pass 5 years. That means you're getting $115,804 over a period of 5 years on only $10,000.00 initial savings, you can do the math here. 

     The Bitcoin Saving process is very simple: you simply need to buy small portion of bitcoin each time you get paid or when you have some extra cash available for saving. This is called DCA(Dollar Cost Averaging), you can go ahead and try this yourself on this online calculator at DCA BTC set your goal amount, time period and set the amount you can afford on the frequency you can like: daily, weekly or monthly. 

   I hope you found value into this, I had a lot of fun creating it. Success on your Bitcoin savings goals! And I hope you buy a house you and your family enjoy living in.

You may also like these posts: 
1. Bitcoin could be the best savings technology to help you on your first home downpayment
2. Why Bitcoin might be better than investing in real estate
 

Why Blackrock is buying all the Bitcoin on exchanges

 Since the Bitcoin ETF was approved in the US in Jan 2024, institutions like Blackrock are buying a lot from the exchanges and why that matters.

BlackRock, the world's largest asset manager, is not buying all the Bitcoin ¹. Instead, it has launched a spot Bitcoin exchange-traded fund (ETF), which allows investors to gain exposure to Bitcoin's price movements without directly owning the cryptocurrency ². Here are some key points about BlackRock's Bitcoin ETF:

- *Increased adoption*: BlackRock's participation in the cryptocurrency industry through an ETF may attract more institutional and retail investors, increasing the legitimacy of Bitcoin as a form of investment ².

- *Liquidity and price impact*: The ETF may give investors a regulated and accessible way to get exposure to Bitcoin, increasing market liquidity and potentially affecting its price ².

- *Regulatory attention and investor protection*: BlackRock's submission and approval for a Bitcoin ETF draws regulatory attention, emphasizing the importance of clear rules and safety nets for the cryptocurrency sector ².

- *Market risk and volatility*: While a Bitcoin ETF may increase market liquidity and mainstream involvement, it may also raise market risk and volatility ².

Bitcoin is Not an IQ Test But a Humility Test

  Bitcoin is often viewed as an IQ test, where the smartest investors are expected to thrive. However, the reality is that intelligence alone cannot guarantee success in Bitcoin. Instead, humility is the key to navigating the ups and downs of the Bitcoin journey.

  Many smart people dismiss Bitcoin at first by over satisfying their ego. They either refuse to put in the work to study it or decide to stay completely ignorant about it assuming they already know what it is. Some people want to fix Bitcoin their way on their first arrival and realized that they can't fix it, this also makes them upset. They will say things like "Bitcoin won't work because it does not have elssticity" of course that's a projection from what they have learned in the fiat land where money expension is the status quo. Some people just don't like Bitcoin because it takes away power from the banks and the central banks, of course some of these people also work for these institutions.

  The journey to success in Bitcoin is not solely dependent on intelligence, but rather humility.

Humility allows you to:

- Acknowledge what you don't know,  and understand that Bitcoin is the discovery of money itself. Before Bitcoin everything you've learned about money was potencialy a lie.

- Recognize the limitations of your knowledge and experience, do not try to trade bitcoin using leverage for more money. Don't try to buy altcoins to make more bitcoin it won't work long term.

- Be open to learning and adapting to new information. Put in the work to learn and study what Bitcoin is.

- Avoid the trap of overconfidence and ego

- Make informed decisions based on facts, not emotions

The Bitcoin market is not an IQ test, but a humility test. It requires a willingness to learn, adapt, and evolve. Humility is the key to unlocking success in the Bitcoin space. As the market continues to fluctuate, it's essential to remember that intelligence is not enough; humility is the ultimate currency in the Bitcoin world.

You may also like: 

Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi