Yield? There is no yield.
Discussion
Yield is the wrong word. Return.
i honestly think u have to start thinking ab thr possibility of 2 different lifestyles.. bitcoin or cbdc. plan for both?
You know what I mean about return.
Can’t say that BTC going up in purchasing power is no return.
But yes agreed with the cbdc statement
It is no return. I don’t want dollars, I want Bitcoin.
If I start a year with 50,000,000 sats and end a year with 50,000,000 sats, I have a zero percent return.
If you see dollar gains as returns, you’re going to have a hard time not selling back to dollars when its collapse accelerates.
Why would a growing purchasing power only be compared to dollar gains.
If I can buy a home today with 10 btc and in 10 years with 1 isn’t that a growth in purchasing power in your opinion?
That doesn’t automatically mean the dollar value of that home went up. (Probably it does yes)
i see ur point, value is going up
To me, the price/value of houses is going down. Same applies to food, energy, cars, businesses, etc.
Good way to look at it.
It’s going down in value versus Bitcoin. Which means Bitcoin goes up in value against everything else
I already see Bitcoin as being a ruler where everything in the economy should be divided by 21 million. So from that perspective, Bitcoin is already the standard of value, and everything else is crashing against it. That is ultimately the conclusion everyone will come to with time.
The reason I push back against the idea of Bitcoin going up in value is because I’ve spent a lot of time learning about Weimar and hyperinflation recently.
People get easily confused by the booms and busts, and often thought they were getting rich when really they were getting debased.
I don’t want to see good Bitcoiners selling for dollars because they still don’t understand the dollar is completely fake. When Bitcoin hits 10 million, its next stop will be 10 billion, probably at an accelerating speed.
100%
I always think back on the book “when money dies”
Very important not to get caught in those booms and busts every fiat currency will experience
That is definitely purchasing power growth. I view it as a crash in the price of houses though. A Bitcoin will always be worth a Bitcoin, and it’s the price of other things which is volatile.
One Bitcoin, correctly valued, is equal to 1/21,000,000th of the entire wealth of the world. I suspect that in 10 or 20 years, you will be able to buy dozens of houses for One Bitcoin.
Very happy you replied on my post. Very insightful thinking
Thank you sir
Both are your decision. I’ll spend zero time planning for a CBDC because I will
never use one.
Things get weird in an sats denominated world.
I’m only pointing that out because there’s a big psychological difference between having 2 million in a stock account and always scraping of 5% a year while “preserving” the 2 million, versus having 200,000,000 sats and seeing your net worth go down 5% per year (even if it goes up in dollar terms)
There is no way to scam in Bitcoin. If you want to buy things with Bitcoin savings, you have to spend Bitcoin. No yield. This is a good thing, but it’s an entirely different reality.
not on bitcoin for sure.. unless u like cbdc, there probably wont be yield no