That’s what I was getting at. Real estate has become unavailable to most given the capital requirement and the land size required for it to be useful (lot size, zoning, etc). That’s before you get into the cost to transact and annual capital call (real estate tax), maintenance and upkeep, etc.
Bitcoin offers similar preservation but is much easier to access. Specifically for people that don’t have down payment money.
Every time I see this chart I only see hash rate on top of a BTC chart.
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7 mentioned that he thinks real estate has already started to be eaten by Bitcoin on What Bitcoin Did.
He's right. I came into Bitcoin around 2020 while researching how to start real estate investing to protect myself from all the printing.
I ended up in gold and Bitcoin instead.
Fast forward to today and I'm zero gold and almost 100% in Bitcoin (minus a small amount of fiat that is already going to specific fiat bills).
I was 27 at the time, which is probably the age most people these days start thinking about such things.
How many other people have or will decide that real estate is just too big of a headache in a world where #Bitcoin exists?
We are going to make it.
Did you end up in gold and BTC due to the lower cost of capital hurdle and ease of access?
What drove that move?
Fireworks are literally burning money. The US is far, far ahead at this game. We just use a different source and ignition for display.
Other countries ooh, aah and report on their powder explosions and spectacular drone shows.
The US ooh, aah’s and reports on the money powder explosion of our banks and spectacular fraud shows by politicians.
It’s really the same spectacle. Just a different material.
New ideas that threaten to change the way we think about an old problem, are first dismissed as irrelevant by the cognoscenti of the time ➡️ Geoffrey West on #Bitcoin
Was Star Wars foreshadowing or just another reminder that history often rhymes.
It seemed to foretell of the awakening of principles, wisdom, and spiritual tilt seen over the last few years.
A bit more on the wisdom and principles side of the fence: https://www.youtube.com/watch?v=6UbQFQAfKXs
Bitcoin Financial Services will eventually become synonymous with financial services.
It will happen faster than most expect.
The ETFs and centralized large corporate owners who will inevitably bend a knee are 6102 in plain sight; without the need to officially enact an executive order as we saw in 1933.
There is a give and take. There are pluses and minuses to both options.
However, the gift Satoshi gave in his whitepaper was not to provide a new system for to re-centralize value into a small subset of hands.
Unfortunately, we have a history of repeating this time and again, regardless of what the new monetary technology is in a specific era.
How do you acquire the tags?
The real gift that Satoshi shared with the release of the #Bitcoin Whitepaper .
https://bitcoin.org/bitcoin.pdf
They call this a paradigm shift… it’s happening. It’s what #bitcoin is about.
nostr:note1p4qvlzttfk6gw5jsvyd6anltslkt239emhzgq9rqwus9spxvq97s4xlr4r
What Elon, Vivek and team will do with DOGE is simple.
They will ensure that those who should have been held accountable & embarrassed by their policy actions are held accountable & embarrassed.
If not, in four years, we can all agree it was just an another marketing stunt.
Ahhh. It all makes sense now. 🫠😏
Can anyone explain?
Why is it generally accepted to buy dips in $SPY?
But in #Bitcoin, general mainstream consensus is that dips are the start of it going to zero.
Why the disconnect?
Normie are conditioned by all the MSM headlines that say “markets are crashing”, you look and the S&P or Oil will be down 1.3%.
It’s a different breed coming in today. Unlike any class of the past. Very fragile and not interested in what money is. Only here to get rich quick.