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Hi newbie!

When lambo? No. Nope.

Bitcoin is already the best savings tech you have ever used and by using it and learning about it as you use it your world view will probably shift for the better. Long time preference and seeing hard work in savings grow not shrink.

How do you use bitcoin "correctly"?

Save in it. Put away money into bitcoin* each money with the understanding you can't touch it for at least 4 years. In year 5 you can spend what you saved in year 1 if you need it. If you spend some (converting back to local fiat, paying tax, buying stuff you need) then that's ok. That's the point of the savings technology. You save it and when you need it; it's there to use. The bonus part is the longer you delay spending the more you can buy.

TLDR: bitcoin is not a lambo millionaire tech, but it does even better. It allows you to save money from a real world job and have a chance at a house deposit or retirement one day.

*how you do the into bitcoin part is up to you, cold storage, ETF, exchange account, etc it's all personal preferences and there is plenty of information on those topics in the sub.

submitted by /u/edislucky
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