I can buy $1,000,000 worth of Bitcoin and sell $10 (~10,000 sats) worth of it, if I need the money.
Can you buy a $1,000,000 property and sell $10 (~1 brick) worth of it, if you need the money?
Discussion
You can rent out your property and get money every months
That's not very productive though
That comes with operational and execution risks. Selling a small chunk of your Bitcoin doesn't.
As the store of value premium on houses goes away this will not be the case anymore. Rents are inflated by parallel rising mortgage costs which are a result of boomers using them as savings instruments. Maintenance is also rising faster than house values right now. Also, being a landlord can be horrible. Custodying bitcoin is much cleaner and easier.
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Yes actually. This is exactly what people going through hyperinflation do... They collect bricks so they can build a house later
Yeah, but they can't sell individual bricks that they used to build the house with, to access the purchasing power stuck in the value of the property.
They do in impoverished countries. That's what I'm telling you.
Are you telling me that they have a house worth, let's say $10,000, which is made up of of 1,000 bricks and they can just remove one brick from the house's wall and sell it for $10?
No I'm telling you they live in a shack and buy bricks with their weekly pay to save money because of hyperinflation of paper. Then one day they may have enough bricks to actually build a house but if they need food, at least they have bricks they can trade instead. They can't save the fiat. They can save the bricks.
That I understand. Saving individual bricks and selling them, when needed is one thing. My initial point was about selling bricks that make up the walls of the real estate.
Of course this is an argument for liquidity. Bitcoin is more liquid of course. But value is subjective. Depends on where and when you are.
It's not just a matter of liquidity. It's a matter of divisibility. You can buy a whole Bitcoin ($100K) and sell tiny chunks of it at the current market price. You can't buy a $100K house and sell tiny chunks of it at its current market value.
Um. Have you ever heard of an equity loan?
Even bitcoiners use them so they don't have to sell their bitcoin (hodl!)
I know you're using random numbers to make a (weak) point, but I'll use your $10 example.
@ 2 sats/byte you would spend a minimum of 2.8% to move that $10. In the time it took me to write this fees have doubled. Have fun with your for-profit money for the people scam.