Oddbean new post about login | logout Feel sort of funny, worrying about paying rent and buying food, and stuff, when everyone else on here is acting like they won the lottery. https://media.tenor.com/Jfcv9u7aZ5wAAAAC/party-gathering.gif
Here are 10000 reasons to join in ⚡🌽
Wow, thanks! 😳
The lottery requires luck. I have conviction.
Hard to feel any wealth effect, when living costs are going up, income has gone down, the economy is collapsing, and there are mass-layoffs all around.
Too bad Germany sold their stack at 55k... I'm nearly 90% net worth in 🌽. I feel the wealth effect today. At least from looking at my spreadsheet.
I'm just gratefull that I never had to spend mine to buy winter tires, or something.
I must admit, I shitcoiner in my hayday and was able to buy some tires with the profit. This was 4 or 5 years ago. I'm obviously a toxic maxi now... I'm ashamed of that time.
Just had to buy two sets of winter tires and repair some brakes. Stuff costs a lot. Oh well.
Move to GA. We ain't got no snow. Same tires year round.
Icky … never would I choose that
I think I just arrived too late and too poor, to ever get into the whole NGU thing. As soon as it broke even, every additional price rise just depresses me. Great, the thing so insanely expensive, that I'll never own one, just got more expensive. 🤦🏻♀️
One thing that I didn't factor in, is that the declining purchasing power of fiat makes the rising price of Bitcoin less impressive. €100k sounded like a crazy-big number, even a few years, ago. Now, my neighbor just sold a run-down old house, the middle of nowhere, with oil central heat, for over €800k. It's like... 1 Bitcoin will soon buy 1/8th of a dump in a 5-cow town, that you'll immediately have to bulldoze. 😂🙈
Bitcoin doesn’t really appreciate in value compared to fiat (outside of bubbles like now) it preserves value over time. The key is value and time, not currency.
Yeah, it basically stays stable or rises steadily, while most other assets slowly decline, as they lose their monetary premium.
Right, that's why price predictions are so dumb. “It’ll be $1M next year!” Yeah, but what does $1M buy then? All price predictions need to be in 2024 USD, so if you say $1M it might nominally be $20M. But $20M meaning $1M 2024 dollars. That said, it *should* vastly outpace inflation, and you will even with a fraction of one be able to buy some choice real estate!
i read this book in 2006 starting college: A Million Bucks by 30: How to Overcome a Crap Job, Stingy Parents, and a Useless Degree to Become a Millionaire Before (or After) Turning Thirty So i looked at the price of a 3 bedroom house, no-frills house on the street in 2006: $999,999 height of 2022 craze: $3,000,000 So this book title in my case should be updated to : 3 million bucks by 40: how to finally admit my fancy degree didn't help, admit parents were right about newfangled ideas and objective truth, and maybe survive a covid vaccine to finally afford a 3 bedroom house. the book itself was quite interesting. the guy kept buying real estate in new york city in gentrifying neighborhoods using leverage until finally he bought a whole apartment building with his own bar in the ground floor.
Here, this'll help take your mind off things. https://image.nostr.build/16af5f56ea562e8a730845e33d2a97769eff1961921428f57c9df70cdf90ebd7.jpg
For a moment, I thought it was Kamala. 😬🤣🤣🤣
Woah! Is that you?!? Wait its a joke rite
Ngl, I thought this comment was a joke.
I can't tell. 😂🙈
😅I hope I didn't sound like a jerk when I said that.
I can't tell if we were being hilariously funny or incredibly rude, or some combination of the two.
Mood. 100%. Tja...da müss'n wa wohl durch. Der Kindergarten hat geöffnet, oder so. x)
Feel that. Actually since becoming a bitcoiner I live poorer now then I ever have before (old car, small apt, skip meals etc) This is while working 60 hours a week at a high level job, but fiat was always going to make me poor, it just took a little longer than expected. The crazy thing is without bitcoin that was still gonna happen, but now we all have a chance to make it. it might take awhile and be a struggle all the way there, but we will make it.
I worked the proverbial 65hr weeks when my younger kids were in their toddler to teen years. I missed a lot. My youngest gets a LOT more of my time now. Having said that, even though I worked my ass off, packed my lunch daily, shared a shitty subaru with my wife, I don’t regret a minute of it. 🧡👊🏻🍻
Because you can buy a whole piece.
