Normies are so bad at understanding opportunity costs. For example I sold my sports car that appreciated since I sold it. They be like, “bet you wish you didn’t sell it now! 😏” but I bought bitty instead, since I knew it would appreciate much more. For some reason, according to normies, it is always bad to buy bitcoin, and always good to hold other less appreciating stuff. The car is up 100% since I sold it. The bitty is up 2700% since. The opportunity cost of not selling that car would have made me hate it.
Discussion
The real estate retards are the worst with this too
Real estate only goes up to them, even tho the reality is the opposite. It will go down in bitty terms drastically forever
I think it’s because their emotions overpower their midwit brains , idk
Don’t let your emotions force you to make horrendous decisions . Let someone else hold the bag. At least until you get rich
I think it’s also that they can’t define assets and liabilities properly. They never actually own anything (car is financed, house is mortgaged), so they think a liability is an asset . They can’t actually sell their cars bc they owe more on it than it is worth lol
So they just project. High time preference is the norm.
This is a good thing, this is your competition. Literal morons
The ops are the same way. They are bragging about their 3% interest rates on their mortgages, when the reality is that if they just rented and put all that money in bitty instead, they could have bought the house outright already 😂 but sacrifice is a foreign word to them. They need that house now! Saving is for suckers
Ops are short bitty and long mortgages 😂
This also comes back to their “college is for suckers” mantra. Accounting is something you learn in college. The midwits in public schools are too dumb to teach it
Opportunity cost is an economic principle. “College doesn’t matter!” They never learned it
There is no free lunch. Imagine about bragging about paying $$$$ in interest to bankers 😂 while being a “bitcoiner”
And if you look at the amortization schedule of mortgages, they are mostly paying all interest at the beginning
Banks love these retards. It’s free money to them
Ops be like, bitcoin can go up or down, but real estate only goes up!
And like Anton said, the worst part of mortgages isn’t even the interest, it’s the lack of freedom. Freedom is the whole goal of bitty. They are trapped
If you’re triggered by this thread, you’re ngmi. Unfollow me
I've been trying for a year to help my mom understand this concept, but she just won't come around. She has $350,000 in cash and wants to buy a condo. I keep telling her that buying Bitcoin with it and renting out a property would go much further in the long run, but she's too set in her ways and entrenched in the traditional system to see it.
It's tough for people to break away from the idea of houses as investments. They understand that cars are depreciating assets—though many still take on debt for a new one—but they can't grasp that houses might function similarly, even if the fiat value increases.
It'll be interesting to see how long it takes for people to view houses for their utility value rather than as investments. Some people have multiple cars because they like cars, fully aware they'll lose value over time. I wonder if we'll eventually see a similar trend with property—owning multiple homes simply for personal satisfaction, not as financial assets.
Do you think we'll be seeing this soon, where owners of multiple properties sell to transition into Bitcoin? And potentially deflating real estate assets?
Yup, that’s how bitty will demonetize RE. It will benefit everyone . More ppl will be able to afford a house, and rich ppl will get better returns without all the overhead and bs that comes with RE
In the Atlas Shrugged movie, Dagny Taggart drove a Toyota.
