Quote from: Sayeds56 on Today at 11:31:41 AM

Quote from: JayJuanGee on August 14, 2023, 02:16:15 PM

There is a dynamic that sometimes exists with people who run out of liquid assets, and they might be considered property rich and cash poor. It is not necessarily a good place to be, even though they might have options that include leveraging their property.. but still such a practice could end up disastrous if they do not have a sufficient cashflow.

The situation you are describing is commonly known as "Being property rich and cash poor". While possessing valuable assets can seem like positive situation, but it can lead to financial difficulties stemming from insufficient cash flow. The solution lies in finding ways to strike a balance between property ownership and liquidity, ensuring ample amount of funds available when favourable opportunities arise to accumulate Bitcoin.

Having such a scenario as an example is what can be seen with those that have accumulated wealth in form of properties and establishments which they lack the ability to maintain them running, it's very easy to start something, acquire or accumulate them but maintenance is very uncommon to achieve because it requires an effective management practice to keep them running as expected, such instances are the causes that led to seing a business enterprise going bankrupt because it lack maintenance and management and you will discover that such assets are turning to be a liability, holding them has certain requirements as obligations to be fulfilled, but with bitcoin, there's nothing of such that is demanded before we can hold and for how long our holding should remain relevance, this makes bitcoin the most preferred digital asset of investment one can hodl.