Oddbean new post about login | logout After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $55k (thanks to interest and insurance), that's now only worth $16k (thanks to depreciation). But stacking $500 worth of #Bitcoin monthly is considered risky. HFSP
If people could just math
If you can't afford a car off the cuff, financing works. There's nothing wrong with this. A car is a net asset, even though it depreciates in book value. A car gets you to work, to the shops, out of the rain, saves you time and does cost money to run but it's a net benefit than sitting on a bus or waiting for public transport. Same for a horse. nostr:nevent1qvzqqqqqqypzq7ueramk6pxc0j6agfvk3qv855s0dt7pdv4e45nd434caemv9pqdqqs9af4qkqh2k66lrxvckfd8yp5yczef3jt6c7jqn5vqnqhfnmrrafca0kayf
Imagine changing the timing set out or replacing a turbo on your Bitcoin. nostr:nevent1qqs9af4qkqh2k66lrxvckfd8yp5yczef3jt6c7jqn5vqnqhfnmrrafcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs8hxglwaksfkrukh2zt95grpa9yrm2lstt9wddymdvdw8wwmpggrgrqsqqqqqpfgshgj
🤷🏾♂️
In my personal hierarchy cars are the worst way to waste money after gambling and before recreational drugs 😂 Doing it on borrowed money is out of scale.
Buying a car with fiat that depreciates in value over time vs stacking bitcoin monthly that maintains/increases in value over time. nostr:nevent1qqs9af4qkqh2k66lrxvckfd8yp5yczef3jt6c7jqn5vqnqhfnmrrafcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygrmny0hwmgymp7tt4p9j6yps7jjpa40c94jhxkjdkkxhrh8ds5yp5psgqqqqqqsmxafkg