michiganmade on Nostr: Casual Bitcoin convo: "I'm not sure the value of my house is going up. I mean. ...
Casual Bitcoin convo:
"I'm not sure the value of my house is going up. I mean. relative to the dollar value it is. But the dollar value is changing...just look at your grocery bill."
(many have a hard time correlating these, so I continue with my surprisingly nicely packaged example)
"Take my home for instance. If i had 10 ounces of gold in 2020 I could have bought my house with it.y house has gone up in dollar value substantially since then. But if I had held those same 10 ounces of gold, I could now buy my house for...you guessed it, 10 ounces of gold. So was my house a 'good investment'?
(insert example of S&P or something, then proceed to BTC)
"Eight Bitcoin in 2020 would have purchased my house. But if I'd held that, I could now purchase my home for less than 3 Bitcoin.
Worth thinking about."
"I'm not sure the value of my house is going up. I mean. relative to the dollar value it is. But the dollar value is changing...just look at your grocery bill."
(many have a hard time correlating these, so I continue with my surprisingly nicely packaged example)
"Take my home for instance. If i had 10 ounces of gold in 2020 I could have bought my house with it.y house has gone up in dollar value substantially since then. But if I had held those same 10 ounces of gold, I could now buy my house for...you guessed it, 10 ounces of gold. So was my house a 'good investment'?
(insert example of S&P or something, then proceed to BTC)
"Eight Bitcoin in 2020 would have purchased my house. But if I'd held that, I could now purchase my home for less than 3 Bitcoin.
Worth thinking about."