You have lost half of your value in the dollar, it's just extremely hard to see because it's your measuring stick for everything else.
(ie. you think BTC lost half its value because you weighed it in dollars.)
--------
Example: I bought my house 5 years ago for $160k, recently it was appraised at $320k and this was without taking into account *any* of the renovations or digging out and drying in the basement, etc. It was purely on the old square footage, and current market.
Understand, my house is *not* worth twice as much. I can't take that $320k and go buy twice the size of house. I get exactly *this* house for that money now.
–– My dollars lost half their value. What you probably think you are seeing is that housing goes up in price, but what you are actually seeing is a relatively stable asset (a house) that is hard to make more of, going up in *price* as the purchasing power of the dollar plummets.
---------
Now, you are 100% right that Bitcoin is very volatile, it's a tiny life raft being monetized in a sea of huge ships crashing into things and rushing by. But 5 years ago it was around $5k, and 6 years ago it was $1k.
Bitcoin *should* be incredibly volatile right now, because its a small market being tossed around in huge debt cycles and massive leveraging implosions in the fiat money market. But its trend is up, and no one is making anymore Bitcoin. There are 21 million and that's it. TRILLIONS and trillions of dollars get printed without ceasing.
– The dollar losing half its value should be weighed as a horrific failure.
– BTC value loss should be weighed as an unfortunate expectation over the short term.
The dollar has THE LARGEST MARKET IN THE WORLD - by an order of magnitude! Meaning that any supply change is absorbed by such an astonishingly enormous market, that we should never feel it unless its absolutely incomprehensibly large. DESPITE this, it has plummeted. If you don't get paid more than twice what you got paid 5 years ago, you made no progress (ie. the hamster wheel). For the largest market in the world, that should be considered the most spectacular failure imaginable. In 5 years you will hold some amount of dollars, but you have zero f*ckg clue how many other dollars will exist by then, and your savings has essentially ZERO chance at buying you the SAME amount of stuff.
(not to mention the multiple lesser fiat monies that are currently hyperinflating and countries that are crumbling at this very moment, but let's compare to the "best" horse)
With BTC, you should *expect* volatility. It will be tossed around by the massive ships turning over, exploding, and crashing into enormous icebergs. But it actually floats. And in 5 years you will have the same amount of BTC in relation to all the BTC that exist. It won't change by even a thousandth of a penny's worth. The likelihood that it keeps and even grows its value, is extremely high.
TL;DR
• In 5 years you are practically guaranteed to have a huge loss of value in your dollar income, & in any dollars you save.
• In 5 years you are very likely to have a lot more purchasing power if you get paid in, or save in BTC.
• The dollar might be the biggest and fanciest sinking ship, BTC might be small and harder to navigate. But the dollar is still a sinking ship, and BTC still floats.
If you want to plan for the future, you should actually read this and think about it seriously. I bought Bitcoin today.
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-03-10 15:14:10
in reply to nevent1q…huqh
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-03-10 15:14:10Event JSON
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"content": "You have lost half of your value in the dollar, it's just extremely hard to see because it's your measuring stick for everything else. \n(ie. you think BTC lost half its value because you weighed it in dollars.)\n\n--------\n\nExample: I bought my house 5 years ago for $160k, recently it was appraised at $320k and this was without taking into account *any* of the renovations or digging out and drying in the basement, etc. It was purely on the old square footage, and current market. \n Understand, my house is *not* worth twice as much. I can't take that $320k and go buy twice the size of house. I get exactly *this* house for that money now.\n –– My dollars lost half their value. What you probably think you are seeing is that housing goes up in price, but what you are actually seeing is a relatively stable asset (a house) that is hard to make more of, going up in *price* as the purchasing power of the dollar plummets.\n\n---------\n\nNow, you are 100% right that Bitcoin is very volatile, it's a tiny life raft being monetized in a sea of huge ships crashing into things and rushing by. But 5 years ago it was around $5k, and 6 years ago it was $1k.\n\nBitcoin *should* be incredibly volatile right now, because its a small market being tossed around in huge debt cycles and massive leveraging implosions in the fiat money market. But its trend is up, and no one is making anymore Bitcoin. There are 21 million and that's it. TRILLIONS and trillions of dollars get printed without ceasing. \n\n– The dollar losing half its value should be weighed as a horrific failure. \n– BTC value loss should be weighed as an unfortunate expectation over the short term. \nThe dollar has THE LARGEST MARKET IN THE WORLD - by an order of magnitude! Meaning that any supply change is absorbed by such an astonishingly enormous market, that we should never feel it unless its absolutely incomprehensibly large. DESPITE this, it has plummeted. If you don't get paid more than twice what you got paid 5 years ago, you made no progress (ie. the hamster wheel). For the largest market in the world, that should be considered the most spectacular failure imaginable. In 5 years you will hold some amount of dollars, but you have zero f*ckg clue how many other dollars will exist by then, and your savings has essentially ZERO chance at buying you the SAME amount of stuff. \n\n(not to mention the multiple lesser fiat monies that are currently hyperinflating and countries that are crumbling at this very moment, but let's compare to the \"best\" horse)\n\nWith BTC, you should *expect* volatility. It will be tossed around by the massive ships turning over, exploding, and crashing into enormous icebergs. But it actually floats. And in 5 years you will have the same amount of BTC in relation to all the BTC that exist. It won't change by even a thousandth of a penny's worth. The likelihood that it keeps and even grows its value, is extremely high.\n\n\nTL;DR\n• In 5 years you are practically guaranteed to have a huge loss of value in your dollar income, \u0026 in any dollars you save. \n• In 5 years you are very likely to have a lot more purchasing power if you get paid in, or save in BTC. \n• The dollar might be the biggest and fanciest sinking ship, BTC might be small and harder to navigate. But the dollar is still a sinking ship, and BTC still floats.\n\nIf you want to plan for the future, you should actually read this and think about it seriously. I bought Bitcoin today.",
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