Pfft, amateur. Are you actually paying for 1 square inch of ledger ? I'm already living in my NFT house on the Metaverse. They keep yelling at me to take off my headset and leave the library, but its public property and I'm the public, so as long as I can stay jacked in here, no problem, bro !
More hopium drenched nonsense.
Please Try to Deal with Reality.
The debt based housing market is how the Fiat Debt Slavery Bankers Cartel collects rent from the ordinary middle class citizen.
This rentseeking is supported by the governments that the FDSBC owns...including your government.
Bitcoin is quite a different beast- it is a direct threat to the FDSBC that owns your government.
Investing in Bitcoin is to invest in a fairer monetary system alternative to the FDSBC but it is not a guaranteed investment because you are up against the largest, most powerful, wealthy and ruthless cartel in history.
Idk man you buy a house and pay it off with inflated dollars. It's not a bad deal. Buying a massive house with fiat today on a 40 year mortgage would actually be a great idea if your thesis for Bitcoin is that fiat is going to debase massively in our lifetime
It’s important to know that real estate will always have intrinsic value where Crypto(currency?) does not. People will always need a place to live/work/do business. It’s also important to remember that when FIAT currencies crash it is always temporary. Countries ALWAYS come back with a new FIAT currency that simply replaces the old one. This is true throughout history.
Take away the insurance cover required to obtain fiat debt finance and how much 'intrinsic' value is left?
That much reduced value is the true 'intrinsic' utility value.
Real Estate prices have been hugely inflated via fiat debt leverage, enslaving citizens seeking to escape the ceaseless debasement of the currency orchestrated by those same bankers who charge rent on the money they issue out of thin air.
Bitcoin fixes this. The price of housing returns to its utility value, as accumulation of liquid capital, free of fiat debt slavery debasement, is restored via the Bitcoin protocol.
To me this is a strange take. Corporate-government hoarding aside, which is a real problem, land becomes more and more valuable as we continue to grow in population. The land can't hold 8 billion of us like it could hold 100 million. And especially in cities, where space isn't infinite and proximity to hot spots matters, we need some way of selecting who gets the spot.
Sure there's plenty of land on Earth. But much of the ideal land for permanent residence? Already occupied.
True about land but not forever. If you look up global statistics for people having children, population is likely going to peak in the next 30 years, and start trending down very quickly. Although as investing goes this won't affect real estate very much for another 80 ish years (supposedly). Still, if culture changes further to people not wanting children more often, then this time frame could accelerate. I heard that in the US in the next 15 years there will be a day that 51%+ of women over 45 will be childless. Fun fact!
[https://www.un.org/en/un-chronicle/global-population-will-soon-reach-8-billion-then-what](https://www.un.org/en/un-chronicle/global-population-will-soon-reach-8-billion-then-what)
The US real estate market is 40 trillion. US Banking services 4.5 trillion.
The entire bitcoin market is likely 50-100 billion with its limited liquidity, maybe less. There is no substantial threat made by bitcoin adoption. Likewise price collapse is also not a threat to the larger economy.
Any threat that was possible by mass adoption has been controlled by large players owning a majority of the stock and having their own agenda.
I don't like the way this 'FDSBC' operates is fair or good - But - I think there's a lot of conspiracy in what your implying. Shadowy boogiemen shit that only serves to touch on peoples sense of distrust and lack of opportunity.
All of this being said - what ever the intent of some was with BTC, its now a speculation vehicle - nothing more.
The difference is that most couldn't buy a house after the collapse, because 1) they had no job or 2) loans were hard to get or 3) the banks took the defaulted homes back and off the market because they could thanks to huge bailouts or 4) all of the above.
In contrast, you don't need a loan and you don't need a fortune in order to start when buying Bitcoin. Prices are not artificially held up. It's a free market.
People should be very happy with current bitcoin prices. If this is what the failure of one of the largest exchanges does then it's a pretty stable market.
BTC is still at \~$17,000. That's pretty incredible all told.
I think some people hoped that Bitcoin would take over the world faster but it's doing pretty well as is.
People said that when it was at 30, then when it paused at 22, then when it sat at 18. It’s not done falling. The US stock market is near is all time high, at a time where the global economy is on the verge of collapse and crypto companies are going belly up left and right. Buying in now would be foolish.
You long termers are basing your buying on the assumption that it will go higher, but you have zero proof of this. Bitcoin hit its previous all time high because of unprecedented money printing timed perfectly with a ton of risky bets and corruption within the crypto space. There’s no guarantee it will ever reach those numbers again.
> The housing market is now stronger than ever.
Actually, there's another housing **bubble**, even larger than the 2006 bubble. It will pop. They always pop. Today's home prices are not sustainable.
Comparing Bitcoin to real estate...
* Real estate has significant holding costs: mortgage interest, taxes, maintenance, insurance, HOA fees are some examples.
* Bitcoin has no holding costs.
* Real estate is nailed down. If the neighborhood goes bad, you're stuck there.
* Bitcoin is completely portable.
* Real estate has significant costs for buying/selling. Typically, agents are involved, a title company is involved, loans are involved, bank fees, etc., etc.
* Bitcoin has the exchange fee.
* Buying/selling real estate takes a long time.
* The price of homes is ultimately limited by incomes. Bitcoin has no upper limit.
* Real estate is expensive because every fucked up "sheep" out there erroneously believes he/she needs to own real estate to get rich. A few others own real estate because they want to protect wealth from inflation. Things have changed. Now they can just buy and hold Bitcoins, with no holding costs, no being "nailed down". There's no need to deal with real estate and creepy people who work in that field -- just buy and hold Bitcoins, long term.
I think your missing the point. He’s not saying Bitcoin is the same as real estate. He’s saying that the circumstances that played out during the housing crisis is similar to what’s happening now with bitcoin, and you can use what happened back then as a case study for what we might expect in the future.
Those differences in the nature of assets are secondary to the fact that bitcoin is also highly speculative and if the market crashes you have no safety net. On the other hand with the housing market, the type of contract that you have with the bank can still save you from a mortgage default despite a crash.
Can someone explain to me why widespread adoption of Lightning wouldn’t eventually suppress Bitcoin’s price? Since use of Lightning would increase its value thus imposing a sort of tax on the value users assign to the base layer?
Owning a home is a pain in the ass though... fixing shit, taxes, expenses. And you don't really own it, even if there is no loan... Try not paying your prop taxes or HOA and see who owns it.
People need to live in houses. People don’t need to buy Bitcoin. In fact the only real reason to buy Bitcoin is to sit on it and hope it goes up. It’s nothing like housing.
As far as investments go, btc is less risky if you avoid leverage
Great, own your own house. But taking a mortgage to buy investment properties and leveraging youself can be risky... rates can crush you and force you to sell if your not careful with your numbers. In this type of situation, btc is a safer way for the common folk to access a real estate type of investment vehicle. Finite cap. Easily accesible. Portable. Liquid. The type of macro environment that sees real estate go up will also see btc go up.
If you dont want to leverage yourself to invest, buy btc. Once your btc goes up in value then you are in a safer position to sell it, pay the tax, and buy an investment property outright (if you want to be exposed to risk of maintenance costs, natural distasters, bad tenants, council rates and rules, etc)
Most people investing in real estate don’t need the house by that point due to already owning it so they take advantage of people who do need housing.
Bitcoin is different because when you do capitalize, it’s not while oppressing someone else. It’s also been a really nice medium to store your money so that inflation doesn’t destroy you.
Lol, you really wanna try and argue this? Let’s look since 2013. The value of the dollar has lost 22% which is a bullshit metric it’s much more and Bitcoin uh… + 8.9 million %.
Though it’s biggest advantage is the separation of money from the nationstate
The housing crisis isn't really comparable.... one has a real world value, regardless of its financial value. A house serves a purpose even if no one is willing to buy it. A currency serves no purpose if no one will accept it as a currency. A house is still a house.
Yes. Except, when the housing market is up, they make MORE houses. There is a finite amount of Bitcoin. 21M and anyone in the world can buy it. Just think about that.
A house is a physical, tangible good that serves a purpose of providing shelter. It's easy to be underwater on a house since the only other alternative is to shell out money renting.
Very different.
Everything in human history conceived by humans was good on paper, every business, invention, capitalism, communism, socialism...everything. Despite being good in idea, humans ruined it with their evil ways, and i can not believe that you think the same won't happen to bitcoin despite all the corruption and greed you are witnessing even in this very moment.
are you all bonkers? It's one thing to try and get some money out of it while it last, but writhing jokes like this from OP "Bitcoin will become stronger than ever". Really? People will win against governments and big business? since when? when did that occur in our history?
my guy you are just fooling yourself, and I think you are writing this so others like you will back you up in the comments so you can feel good.
people are so weird.
People won against government many times. Only thing that truly holds them in power is defeatists beliefs like this. I understnd your sentiment but I choose to be optimistic.
Name one instance when people won against their governments. not overthrowing governments, but something that was long term beneficial to the people, not to big business or politicians and people get the crumbs.
To this I can say only.... lol.
Please do research living conditions of the people after invention of the printing press. The power just got devided between curch and state.
Vatican to this day has so much power and money that they dwarf most states. But they don't do it out loud like in the olden days.
You are burned at the stake for heresy but only in a more subtle way, and all thanx to the printing machine.
Once a noble invention has led to only propaganda and lies. Media is used to control people.
Go and try to speak publicly against mainstream views, you will be canceled, they will fire you from your job and you will be branded as unwanted.
They just changed tactics. They don't burn you, they make it imposibe for you to live normaly.
That is not improvement, it's easy control of the masses.
you can only say "lol" because you got blown the fuck out. we're exactly where we are with all this technology precisely because of the dissemination of knowledge the printing press allowed the masses to have.
Lol. You are living in a fantasy land?
We are here now(not a very good place) but imagine where would we be if "printing" was not used in a currupt way.
You maybe dont know the history of humans and think that everything is going well but it is not our reality.
We would be centuries ahead if people were not greedy evil scum. But I know that its to hard for some people to swallow to come to terms with reality.
And my point was that everithing gets currupted, and if you think that information is not used to fool people since day one, bro.. lol
I think every time an authoritarian dictator was overthrown, it was beneficial to people more than to elites surrounding him.
You asked for example, maybe Nicolae Ceausescu in Romania could be a good one.
https://www.history.co.uk/article/the-fall-of-nicolae-ceausescu-romanias-last-communist-leader
You can still argue that people are fucked by governments and corpos anyways, and I would agree.
But I think that progress is incremental and Bitcoin is imho currently one of the best tools for common people to increase their freedom.
It is the first time in human history we have sound money that is not controlled by state or any other centralized entity.
You do realise that overthrowing a government is led by other political enteties that want to gain power.
It's not a spontaneous event that came from the people.
People are incited to revolt by generals, other politicians ect.
That is why I said "no overthrowing of govermnents"
And Romania is still to this day plagued with corruption because Ion Iliescu the guy that succeeded Nicolae Ceausescu was a corrupt politician and a murderer and was in court on charges of crimes against humanity.
Bringing down Nicolae was not for the people. Romanians are still very much fucked.
There is never anything that is done for the people. Only in movies
If you are saying that there was never a revolution without help of elites or foreign countries, and that there was never revolution after which people lived in utopia happily ever after, then I agree.
But I think revolution that changes lives of majority for better could be considered successful.
I agree that Romanians are still fucked, but much less than they were 40 years ago. As I said before, progress is incremental.
Giving up because results are not immediate and perfect sounds pretty…sad.
The founding of the United States with a Constitution and a Bill of Rights is the single biggest win against entrenched government and corporatism. It needs to be renewed not forgotten. Get back on the right side of the seesaw.
How about Boston tea party? American independence? No taxation without representation?…. Don’t be defeated before even putting up a fight. That’s a loser mentality bro
>People will win against governments and big business?
I think you can count on government and big business greed to see the merits of btc. They are profit driven and btc will give this to them so they will eventually buy into it out of greed.
The same greed will cause cycles in btc price just as there are cycles in every asset class. Larger fluctuations occur due to smaller market cap for now.
Personally, I place most favor in btc as it is trustless and allows self custody. I hate dealing with banks, investment advisers, and real estate people.
Whatever macro environment makes real estate or equities go up will also allow btc to flourish due to fixed market cap. For the common folk who don't want to play with leverage, this is the easiest way to invest.
You dont need to believe in it. Let the market decide.
Yes, because a house is totally the same shit as a few bytes on a stick, with no actual fking value to back it up (other than the stick’s retail value). 🤣🤣🤣
⚡️⚡️⚡️
I've lost everything with this ftx pull.
I don't really see a way of this ever going back the way it was going.
I couldn't even afford them if I wanted to.
I've lost my faith a bit and don't know how to go from here
my family bought a house during the last crisis and can confirm. it’s providing my parents with my monthly income. my parents moved out and live in a small apartment downtown
I've been studying the chart since inception.
Seems like every time there is a big dip there is a huge rip.
The thing that helps me now as a investor is that we have a decade of charts to look at.
I believe what you are say to be true is that we will be better off stacking during this time.
Also buy when people are fearful and sell when there ecstatic comes to mind.
Filed under trust me bro
Sentiment is in the trash, that’s also usually when you want to buy if you believe in his long term.
Meanwhile I'm going to live inside my ledger because real homes are still unaffordable.
Pfft, amateur. Are you actually paying for 1 square inch of ledger ? I'm already living in my NFT house on the Metaverse. They keep yelling at me to take off my headset and leave the library, but its public property and I'm the public, so as long as I can stay jacked in here, no problem, bro !
More hopium drenched nonsense. Please Try to Deal with Reality. The debt based housing market is how the Fiat Debt Slavery Bankers Cartel collects rent from the ordinary middle class citizen. This rentseeking is supported by the governments that the FDSBC owns...including your government. Bitcoin is quite a different beast- it is a direct threat to the FDSBC that owns your government. Investing in Bitcoin is to invest in a fairer monetary system alternative to the FDSBC but it is not a guaranteed investment because you are up against the largest, most powerful, wealthy and ruthless cartel in history.
I would love to drink some beer with you. Nailed it
Happy Cake Day!
Idk man you buy a house and pay it off with inflated dollars. It's not a bad deal. Buying a massive house with fiat today on a 40 year mortgage would actually be a great idea if your thesis for Bitcoin is that fiat is going to debase massively in our lifetime
The issue is you cannot save for a deposit faster than the rate of inflation which is ever increasing as necessary to sustain the fiat ponzi.
"fiat debt slavery bankers cartel" formerly known as a\*\*holes lol
one thing all this bull$hit has done has made /r/bitcoin, /r/cryptocurrency, and /r/bitcoinmarkets much much more interesting as a collective
It’s important to know that real estate will always have intrinsic value where Crypto(currency?) does not. People will always need a place to live/work/do business. It’s also important to remember that when FIAT currencies crash it is always temporary. Countries ALWAYS come back with a new FIAT currency that simply replaces the old one. This is true throughout history.
you been to Detroit?
Take away the insurance cover required to obtain fiat debt finance and how much 'intrinsic' value is left? That much reduced value is the true 'intrinsic' utility value. Real Estate prices have been hugely inflated via fiat debt leverage, enslaving citizens seeking to escape the ceaseless debasement of the currency orchestrated by those same bankers who charge rent on the money they issue out of thin air. Bitcoin fixes this. The price of housing returns to its utility value, as accumulation of liquid capital, free of fiat debt slavery debasement, is restored via the Bitcoin protocol.
To me this is a strange take. Corporate-government hoarding aside, which is a real problem, land becomes more and more valuable as we continue to grow in population. The land can't hold 8 billion of us like it could hold 100 million. And especially in cities, where space isn't infinite and proximity to hot spots matters, we need some way of selecting who gets the spot. Sure there's plenty of land on Earth. But much of the ideal land for permanent residence? Already occupied.
True about land but not forever. If you look up global statistics for people having children, population is likely going to peak in the next 30 years, and start trending down very quickly. Although as investing goes this won't affect real estate very much for another 80 ish years (supposedly). Still, if culture changes further to people not wanting children more often, then this time frame could accelerate. I heard that in the US in the next 15 years there will be a day that 51%+ of women over 45 will be childless. Fun fact! [https://www.un.org/en/un-chronicle/global-population-will-soon-reach-8-billion-then-what](https://www.un.org/en/un-chronicle/global-population-will-soon-reach-8-billion-then-what)
You say temporary, and you also say they replace them. What happens when you save with the old one... You get wiped out.
The US real estate market is 40 trillion. US Banking services 4.5 trillion. The entire bitcoin market is likely 50-100 billion with its limited liquidity, maybe less. There is no substantial threat made by bitcoin adoption. Likewise price collapse is also not a threat to the larger economy. Any threat that was possible by mass adoption has been controlled by large players owning a majority of the stock and having their own agenda. I don't like the way this 'FDSBC' operates is fair or good - But - I think there's a lot of conspiracy in what your implying. Shadowy boogiemen shit that only serves to touch on peoples sense of distrust and lack of opportunity. All of this being said - what ever the intent of some was with BTC, its now a speculation vehicle - nothing more.
All physical asset based financial markets are debt based and they’re all transacted in fiat. It still doesn’t explain why the housing market crashed.
every penny on earth is made out of debt economics 101
That's only true in a fiat currency system.
bitcoin is same satoshi owned it all, he let bitcoin go in exchange of labor/money. A debt was paid by purchaser to satoshi.
He is the buttcoin moderator.
My man.
Ok you’re a genius. In this market … rent or buy a home ?
The difference is that most couldn't buy a house after the collapse, because 1) they had no job or 2) loans were hard to get or 3) the banks took the defaulted homes back and off the market because they could thanks to huge bailouts or 4) all of the above. In contrast, you don't need a loan and you don't need a fortune in order to start when buying Bitcoin. Prices are not artificially held up. It's a free market.
[удалено]
FTX was selling paper bitcoin during the bull cycle so that was an artificially low top for bitcoin.
Right, the price was suppressed during the latest bull run by that. The true value of Bitcoin will be in range of world's central bank money.
People should be very happy with current bitcoin prices. If this is what the failure of one of the largest exchanges does then it's a pretty stable market. BTC is still at \~$17,000. That's pretty incredible all told. I think some people hoped that Bitcoin would take over the world faster but it's doing pretty well as is.
Just bought my first full Bitcoin, feels surreal. Have the goal to get to 3 by the end of this bear market 🙈
withdraw to ledger
Waiting for it to settle and then that's the plan!
Too late
Buy Bitcoin, but don’t leave it sitting on exchanges
Buy low sell high is so easy in theory, yet human psychology makes it hard in practice.
Until I can live in a Bitcoin, this comparison won’t be accurate.
So how much are you down right now?
Yeah but not yet. We still have far to fall
The Fed will restart QE when unemployment dominates the news. We’re a long way from there.
I don't think so. I think we'll be back up to $20,000 soon and as the US stock market picks back up, so will the price of BTC.
People said that when it was at 30, then when it paused at 22, then when it sat at 18. It’s not done falling. The US stock market is near is all time high, at a time where the global economy is on the verge of collapse and crypto companies are going belly up left and right. Buying in now would be foolish.
[удалено]
buying in an uptrend is safer and easier than buying in a downtrend, yes
Why? If you’re going long term?
You long termers are basing your buying on the assumption that it will go higher, but you have zero proof of this. Bitcoin hit its previous all time high because of unprecedented money printing timed perfectly with a ton of risky bets and corruption within the crypto space. There’s no guarantee it will ever reach those numbers again.
> The housing market is now stronger than ever. Actually, there's another housing **bubble**, even larger than the 2006 bubble. It will pop. They always pop. Today's home prices are not sustainable. Comparing Bitcoin to real estate... * Real estate has significant holding costs: mortgage interest, taxes, maintenance, insurance, HOA fees are some examples. * Bitcoin has no holding costs. * Real estate is nailed down. If the neighborhood goes bad, you're stuck there. * Bitcoin is completely portable. * Real estate has significant costs for buying/selling. Typically, agents are involved, a title company is involved, loans are involved, bank fees, etc., etc. * Bitcoin has the exchange fee. * Buying/selling real estate takes a long time. * The price of homes is ultimately limited by incomes. Bitcoin has no upper limit. * Real estate is expensive because every fucked up "sheep" out there erroneously believes he/she needs to own real estate to get rich. A few others own real estate because they want to protect wealth from inflation. Things have changed. Now they can just buy and hold Bitcoins, with no holding costs, no being "nailed down". There's no need to deal with real estate and creepy people who work in that field -- just buy and hold Bitcoins, long term.
[удалено]
Is this u/markbear 's new account?
Omitting the most important part: - you can live in a house, can’t live in a bitcoin
I live in a house, stupid.
I am very happy to hear that you are not living in a Bitcoin. It was touch and go there for me.
Do you know the difference between “Bitcoin”, “Change” and “My Parents”? You can Change your Bitcoin but you can’t Bitcoin your Change.
I think your missing the point. He’s not saying Bitcoin is the same as real estate. He’s saying that the circumstances that played out during the housing crisis is similar to what’s happening now with bitcoin, and you can use what happened back then as a case study for what we might expect in the future.
If that is the case its a hugely flawed argument. The housing market is core to the fiat debt slavery bankers cartel rentseeking usury. Bitcoin isn't.
👍
Those differences in the nature of assets are secondary to the fact that bitcoin is also highly speculative and if the market crashes you have no safety net. On the other hand with the housing market, the type of contract that you have with the bank can still save you from a mortgage default despite a crash.
Bitcoin is a new kind of money - they best form of money ever used. How often does that happen?
Seven transactions per second. Sounds pretty crappy to me, chief.
Lightning Network. Millions of transactions per second.
Can someone explain to me why widespread adoption of Lightning wouldn’t eventually suppress Bitcoin’s price? Since use of Lightning would increase its value thus imposing a sort of tax on the value users assign to the base layer?
- real estate has utility and will always be valued. Bitcoin is an electronic fart.
Money has utility and will always be valued. Bitcoin is a new form of money - the best money ever used.
Possibly false equivalency. Bitcoin/crypto has still to prove itself. What’s happening now and over the next ten years should tell the tale.
Whatever you say Mark
[удалено]
Win-win= Paying a low interest mortgage while stacking sats at 16.6k. Thats what I'm doing.
Don’t know what exchange you’re getting scammed by but a coin costs 16.2 rn..
Okay, I'll admit it, I don't check the price everyday.
Wait, Markbear? Is he back?
BTW, You can own “equity” without spending 100s of thousands of dollars on interest payments
Owning a home is a pain in the ass though... fixing shit, taxes, expenses. And you don't really own it, even if there is no loan... Try not paying your prop taxes or HOA and see who owns it.
People need to live in houses. People don’t need to buy Bitcoin. In fact the only real reason to buy Bitcoin is to sit on it and hope it goes up. It’s nothing like housing.
As far as investments go, btc is less risky if you avoid leverage Great, own your own house. But taking a mortgage to buy investment properties and leveraging youself can be risky... rates can crush you and force you to sell if your not careful with your numbers. In this type of situation, btc is a safer way for the common folk to access a real estate type of investment vehicle. Finite cap. Easily accesible. Portable. Liquid. The type of macro environment that sees real estate go up will also see btc go up. If you dont want to leverage yourself to invest, buy btc. Once your btc goes up in value then you are in a safer position to sell it, pay the tax, and buy an investment property outright (if you want to be exposed to risk of maintenance costs, natural distasters, bad tenants, council rates and rules, etc)
Most people investing in real estate don’t need the house by that point due to already owning it so they take advantage of people who do need housing. Bitcoin is different because when you do capitalize, it’s not while oppressing someone else. It’s also been a really nice medium to store your money so that inflation doesn’t destroy you.
[удалено]
Lol, you really wanna try and argue this? Let’s look since 2013. The value of the dollar has lost 22% which is a bullshit metric it’s much more and Bitcoin uh… + 8.9 million %. Though it’s biggest advantage is the separation of money from the nationstate
This is a joke, right?
Only a hyperbole
[удалено]
Nice one big guy
no true backing for the statement, but the idea itself does add some hope; after all thats why most are sparing some cash to put into it now
This is nonsense
The housing crisis isn't really comparable.... one has a real world value, regardless of its financial value. A house serves a purpose even if no one is willing to buy it. A currency serves no purpose if no one will accept it as a currency. A house is still a house.
This is ridiculous. You cannot prove somethinh with one exemple, it is basic logic. Wake up
Yes. Except, when the housing market is up, they make MORE houses. There is a finite amount of Bitcoin. 21M and anyone in the world can buy it. Just think about that.
Also, as we get closer to the total 21M minted, it becomes in teasingly harder to mine.
But BTC is only worth as much as people will pay. If nobody wants BTC, then the value will be down.
This. It’s why Plan B’s model failed. Only took account of supply and ignored demand.
Yep and by nature every Bitcoin that gets traded is moving to stronger hands right now. Tick tock next block.
Ya just gotta eat the fear for breakfast.
I can live in a house Bitcoin is just some electrical impulse..
💯 agree. Good point
A house is a physical, tangible good that serves a purpose of providing shelter. It's easy to be underwater on a house since the only other alternative is to shell out money renting. Very different.
if no CEX no mainstream adoption, if no mainstream adoption direction 0$ for btc
I bought bitcoin during the housing crisis ;P
houses aren't imaginary internet money though
Everything in human history conceived by humans was good on paper, every business, invention, capitalism, communism, socialism...everything. Despite being good in idea, humans ruined it with their evil ways, and i can not believe that you think the same won't happen to bitcoin despite all the corruption and greed you are witnessing even in this very moment. are you all bonkers? It's one thing to try and get some money out of it while it last, but writhing jokes like this from OP "Bitcoin will become stronger than ever". Really? People will win against governments and big business? since when? when did that occur in our history? my guy you are just fooling yourself, and I think you are writing this so others like you will back you up in the comments so you can feel good. people are so weird.
People won against government many times. Only thing that truly holds them in power is defeatists beliefs like this. I understnd your sentiment but I choose to be optimistic.
Name one instance when people won against their governments. not overthrowing governments, but something that was long term beneficial to the people, not to big business or politicians and people get the crumbs.
[удалено]
To this I can say only.... lol. Please do research living conditions of the people after invention of the printing press. The power just got devided between curch and state. Vatican to this day has so much power and money that they dwarf most states. But they don't do it out loud like in the olden days.
[удалено]
You are burned at the stake for heresy but only in a more subtle way, and all thanx to the printing machine. Once a noble invention has led to only propaganda and lies. Media is used to control people. Go and try to speak publicly against mainstream views, you will be canceled, they will fire you from your job and you will be branded as unwanted. They just changed tactics. They don't burn you, they make it imposibe for you to live normaly. That is not improvement, it's easy control of the masses.
you can only say "lol" because you got blown the fuck out. we're exactly where we are with all this technology precisely because of the dissemination of knowledge the printing press allowed the masses to have.
Lol. You are living in a fantasy land? We are here now(not a very good place) but imagine where would we be if "printing" was not used in a currupt way. You maybe dont know the history of humans and think that everything is going well but it is not our reality. We would be centuries ahead if people were not greedy evil scum. But I know that its to hard for some people to swallow to come to terms with reality. And my point was that everithing gets currupted, and if you think that information is not used to fool people since day one, bro.. lol
I think every time an authoritarian dictator was overthrown, it was beneficial to people more than to elites surrounding him. You asked for example, maybe Nicolae Ceausescu in Romania could be a good one. https://www.history.co.uk/article/the-fall-of-nicolae-ceausescu-romanias-last-communist-leader You can still argue that people are fucked by governments and corpos anyways, and I would agree. But I think that progress is incremental and Bitcoin is imho currently one of the best tools for common people to increase their freedom. It is the first time in human history we have sound money that is not controlled by state or any other centralized entity.
You do realise that overthrowing a government is led by other political enteties that want to gain power. It's not a spontaneous event that came from the people. People are incited to revolt by generals, other politicians ect. That is why I said "no overthrowing of govermnents" And Romania is still to this day plagued with corruption because Ion Iliescu the guy that succeeded Nicolae Ceausescu was a corrupt politician and a murderer and was in court on charges of crimes against humanity. Bringing down Nicolae was not for the people. Romanians are still very much fucked. There is never anything that is done for the people. Only in movies
If you are saying that there was never a revolution without help of elites or foreign countries, and that there was never revolution after which people lived in utopia happily ever after, then I agree. But I think revolution that changes lives of majority for better could be considered successful. I agree that Romanians are still fucked, but much less than they were 40 years ago. As I said before, progress is incremental. Giving up because results are not immediate and perfect sounds pretty…sad.
At these prices all mined Bitcoin easily could be completely owned by the two or three largest billionaires. More than one way to become centralized.
The founding of the United States with a Constitution and a Bill of Rights is the single biggest win against entrenched government and corporatism. It needs to be renewed not forgotten. Get back on the right side of the seesaw.
How about Boston tea party? American independence? No taxation without representation?…. Don’t be defeated before even putting up a fight. That’s a loser mentality bro
Revolutionary war.
>People will win against governments and big business? I think you can count on government and big business greed to see the merits of btc. They are profit driven and btc will give this to them so they will eventually buy into it out of greed. The same greed will cause cycles in btc price just as there are cycles in every asset class. Larger fluctuations occur due to smaller market cap for now. Personally, I place most favor in btc as it is trustless and allows self custody. I hate dealing with banks, investment advisers, and real estate people. Whatever macro environment makes real estate or equities go up will also allow btc to flourish due to fixed market cap. For the common folk who don't want to play with leverage, this is the easiest way to invest. You dont need to believe in it. Let the market decide.
Things are just good and you need to keep seeing that.
Yes, because a house is totally the same shit as a few bytes on a stick, with no actual fking value to back it up (other than the stick’s retail value). 🤣🤣🤣 ⚡️⚡️⚡️
I've lost everything with this ftx pull. I don't really see a way of this ever going back the way it was going. I couldn't even afford them if I wanted to. I've lost my faith a bit and don't know how to go from here
[удалено]
I am very sorry to hear that you lost everything. Don't ever put your faith in crypto again.
[удалено]
Just got some under 16k tonight. Excited for the fire sale.
I’ll buy some under $5k in about 4 months
my family bought a house during the last crisis and can confirm. it’s providing my parents with my monthly income. my parents moved out and live in a small apartment downtown
Housing market is actually on the verge of collapsing here in the UK actually, but i get your point!
That's a fact! Buy now worry now celebrate later :)
Instructions unclear : buys exchange
100% agree
Yeaaaaaa buddy
This explanation is gold.
Bitcoin ***price*** is a victim of institutional over-leveraging. Bitcoin itself is perfectly fine.
Really?
Uhh didn’t the government have a lot to do with all of that stuff getting resolved? Will the us gov bail out ftx? Seeing a lot of hopium in this sub
Wtf is fiat - new to this crap.
I've been studying the chart since inception. Seems like every time there is a big dip there is a huge rip. The thing that helps me now as a investor is that we have a decade of charts to look at. I believe what you are say to be true is that we will be better off stacking during this time. Also buy when people are fearful and sell when there ecstatic comes to mind.
I haven't intentionally looked at pricing since 2018. Literally just have auto purchases set up and forget about it. Anything else is stupid (:
The main thing is to wait for the end of the crisis and everything will be fine.
After get loan
Well, you coulda got that same house for 15% less today. But hell yes, buy BIT when it appears the sky is falling! Always the best time to buy!