everyone that has ever bought bitcoin is in "profit" as the fiat brains say...
Microsoft is about to put bitcoin on their balance sheet... and people are gambling in shitcoins
bitcoin is more liquid... easier to dump...
not sure why anyone would dump...
I doubt tradfi and the people buying now, dump.
the gold spot etf was approved, and began trading in 2004, in the US.
while doubling gold production, and having the great financial crisis, the 2,000 year old asset did a 4x in 7 years.
bitcoin spot etf's were approved this January. bitcoin is less than 20 years old, barely understood or adopted by most...
there was a halving of the supply this year, and will be 2 more in its first 8 years of trading...
if it performs on par with gold, that's a 1.4m$ bitcoin by 2029.
if your shoes don't have holes in them.
you are short bitcoin
Here's an abstract thought.
When is the last time there was a new global reserve currency?
Hard to imagine a future that you don't live in.
Our whole world revolves around government mandated fiat currency.
That day will end, like it has every single time throughout history.
Bitcoin as global reserve currency doesn't force trade deficits, and other fiat related issues.
The dollar has lost over 90% of its value over the last 40 years.
Bitcoin is up over 1 million percent against the dollar.
Pricing your life in the next global reserve currency, sounds crazy...
But it's just early.
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I'm a home owner. so... I'm not telling people to sell their home. I'm saying real estate and "cash flows" aren't what people think it is. time will show what I'm trying to say.
if you want to stack paper that will get revalued in bitcoin terms, go for it.
you can't keep your value and lose global reserve currency status. ie. fiat will continue going towards 0 against bitcoin. and when the dollar loses global reserve currency status... it is going to shift your view into the way I am already seeing things.
high monetary fiat premium.
the us dollar is on its way to losing global reserve currency status.
the future global reserve currency will outperform anything you measure in the current system...
my home was 400-700 bitcoin 9 years ago...
now it's around 4-5 bitcoin... cash flow on a depreciating asset in bitcoin terms seems like a waste.
People that saw that gold as next global reserve currency, did better than people trying to "cash flow" seashells, animal furs or rai stones, beads, etc.
it's an abstract thought. when is the last time there was a new global reserve currency?
Hard to imagine a future that you don't live in.
your whole world revolves around your fiat currency.
that day will end, like it has every single time throughout history.
bitcoin as global reserve currency doesn't force trade deficits, and other fiat related issues.
the dollar has lost over 90% of its value over the last 40 years.
bitcoin is up over 1 million percent.
pricing your life in the next global reserve currency, sounds crazy...
but it's just early
The way I think of it....
People looking at cash flows, are looking to gain more of the dying currency.
Can you imagine trying to "cash flow" seashell stock piles before gold became the new currency?
People opting into gold instead of "cash flowing" sea shells, ended up way ahead.
bitcoin is the next reserve currency, cash flowing fiat is a hamster wheel that is unsustainable.
Are you okay, or having a mental break? What does Elon firing X workers have to do with real estate?
it has to do with your comment "almost every good or service you could provide to a market depends on the work of others"
Anyway...
another way to look at real estate "cash flows" into dollars.... is looking at people trying to "cash flow" their seashell stock piles before gold became the new currency...
People opting into gold instead of "cash flowing" sea shells, ended up way ahead.
bitcoin is the next reserve currency, you can keep cash flowing seashells if you want.
I'm not telling you how to use your time or energy... just sharing my opinion.
yea. in fiat land, they stack middle men and call it a "service". you can church it up and call it division of labor... I think Elon showed that it's a fiat ponzi, when he fired over half of X workers...
I measure in bitcoin.
my house has doubled in fiat terms.
my house costs 100x less bitcoin
1.) do your thing.
point still stands. bitcoin > land lording
2.) do your thing.
bitcoin > corporations
3.) fiat is global. dollars are US. there is also euros, yen, and hundreds of others.
point still stands. us dollar will lose global reserve currency status. bitcoin will be next global reserve currency. everything will be repriced in bitcoin terms.
measure in bitcoin > measurement in any fiat
1 ZH/s 2024!
thoughts on real estate:
1.) As a land lord you aren't producing anything
2.) As a landlord you are dependent on 3+ (probably 5+) other people's work in order to profit from that ponzi.
3.) Real estate people are measuring in dollars.... the dollar is about to lose global reserve currency status and the dollar and everything else are about to be priced in the new global reserve currency (bitcoin)
No shitcoin is global, or decentralized.
They all have ceo's, headquarters.... they are like intranets where bitcoin is like the internet.
1 ZH/s 2024!!
https://bitcoinveterans.org/proof-of-work-hash-rate-computational-power/
16 months from prediction to fact šš¤£
announcement:
dear shitcoiners,
freedom > (is greater) than fiat gains
"bitcoin or slavery" -Nico
shitcoins are helping build out dystopian, Orwellian technology. Digital ID's, social credit score systems, and CBDC's are being worked on by shitcoin corporations, colluding with governments and corrupt politicians.
bitcoin fixes this.
fix the money, fix the world.
p.s. Proof-of-work is the innovation and 1 ZH/s 2024 is coming. š
if you are not married, and did not get a girlfriend in the bear market.....
you are highly likely going to be sought out by sat diggers. you missed your chance š«
there are approximately 3 decamillionaires in the United States for every bitcoin whole coiner in the WORLD.
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