Invest on things that are not Scarce
I was watching some of the videos of Robert Kiyosaki. This has been my thing for nearly two weeks now and I have been watching many videos where he talks a lot about making money and investing on something that would become an asset instead of a liability. There are so many lessons someone can take from his book Rich Dad Poor Dad but apart from that he is also giving a lot of sessions on YouTube videos where he talks about making the right investment.
Investing on Bitcoin
Scarcity is one of the biggest reasons that gives Bitcoin its value in spite of so many other investment opportunities available. I have learned from Robert's Youtube videos that he keeps saying that people can make money by printing them but they cannot artificially prepare Gold Silver or Bitcoin. This is what investment is all about and we should be investing only on them to increase the value of our investment.
There is only a total of 21 million bitcoins available in this world and the demand is increasing little by little gradually increasing the value of Bitcoin. There are also many Bitcoins that are going out of supply and at the same time new Bitcoins cannot be printed like how we print dollars. This is what makes it most valuable and makes people invest in them.
Investing in Precious metals
I call Gold and Silver precious metals because here again the same concept applies where if the government wants to they can print more money but they cannot create more Gold or more Silver. So far this was the main selling point and in the last few decades, we are able to see how the price of Gold and Silver has changed. In the coming years, it can change even further and reach a more better value.
If we save money, it is just paper notes and when more money is printed, the money that we hold can lose its value but that doesn't happen with Gold or Silver. The only way it can go low is when there are more Gold mines found and when it becomes more abundant which is very unlikely.
Why Bitcoin and not Gold
Bitcoin is a better investment compared to Gold because there is a high chance that someone can find a big gold mine in the earth's crust. The reason is that we still have not explored several parts of the world and there are still places where human feet have not touched the land. Maybe if we start exploring these places, we might find out that Gold is available and other precious things too. So this can temporarily bring the price of Gold down.
This is not the case with Bitcoin. We don't have more than 21k bitcoins in total. This gives a huge opportunity where when more people come and purchase Bitcoin, it would create a huge demand and if someone wants to, they can book a lot of profits.
I personally would say that both are good investments and some people insist that silver metal is going to be the next bigger precious thing that would have more value in the future. We should be ready for anything if we want to be rich and invest in everything.
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I am still a fan of metals. Trying to rebuild my stack now. I actually use crypto to buy my gold and silver on a couple of sites here in the US. It's a good offramp from crypto into a physical hard asset that I can sell without all the tax implications.
And as I am here in the US, the other precious metal is brass and lead in the form of bullets, lol. I stock up on those too, lol. And tools, man, I can't get enough tool steel. Another big one for me is solar panels and batteries. I have a bit of a collection of poratble power stations, lol. I mean because that is true POWER! LOL.
The problem with people today is that they are only focused on financial instruments like stocks, crypto, real estate, etc, but when poop hits the fan, and it will for everyone in one way or the other, you may need to know how to use those tools, and bullets, lol. That's why I am grateful to be going through this time at the prime age of 41. I am old enough to still have some real world skills like building and fixing things, growing food, woodland survival, etc, and young enough to be savvy in this space, lol. So it's the best of both worlds. So that all being said, I am a big advocate of diversifying into offline investments in one form or another.
I definitely agree with you on having offline enough offline assets. We know the future is going to definitely have internet but having something physical is more valuable than having something that is not easily accessible.
Even though people are still yet to be convinced about it, I strongly believe that bitcoin will always be the right asset to consider for investment opportunities
Yes very true. Bitcoin investment is definitely a good one.
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My view also agrees that it is equally good and for gold is a tangible form while bitcoin is digital gold for me. But not everyone knows about bitcoin in the people around me
Yeah well said. It is the digital gold. All crypto currencies are mostly commodities.
I'm still paying in installments until the bull run time comes
It's just like everyone who knows the market knows that bitcoin is going to go up a lot one day and they're buying it right now the way the big business people have done it. has started to be bought and kept and within the next five to ten years we may see its price going up to two and a half million dollars.
Yeah definitely possible. The government is also printing a lot of money. We have to keep that in mind too.
Yeah you are right.