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I have some close friends and they are in their early 30s. They will probably have kids in the next 2-3 years and they don't own a home yet (but very desperate to buy a home if prices drop)and if you were to orangepill them, how would you go about it?

Would you advise them to invest all their savings into #Bitcoin instead of investing their savings into their first house and once their stack grows to certain amount , they can buy home with that stack?

Any opinion on this would be very helpful. I have a lot of friends who are in a similar situation.

#Bitcoin #BTC

StackSats.IO 2y ago

Real Estate is a shitcoin.

Just because that’s how the Boomers got rich, doesn’t mean it will work for current and future generations. In fact, it basically can’t. It needs to return to utility values because everything is so out of whack economically.

Even holding off for one more cycle and riding Bitcoin for a few years will see them far better off if they really want to buy a house. The trends in this graph are going to continue with house prices crashing against BTC until you can buy for 0.0X and eventually 0.00X.

There are 2 Billion+ houses on the planet and only 21 Million Bitcoin. They’re constantly making more of the former, and can’t make more of the latter.

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Discussion

Bitcoin_To_The_Oblivion 2y ago

Thanks for the explanation.

I think the major problem with normies is they don't know what is actually money. There are still lot of people who believe that money must be something tangible that we should be able to feel and touch it.

It's very hard to explain someone that Real Estate is shitcoin especially when that person's perspective on money is dead wrong.

I think all we need is couple of more #Bitcoin bull markets and then it will force them to rethink what is money.