Need to see what the rent payments are to make judgement.
numbersev on
Now imagine if within 5-10 years, 1 bitcoin is worth $1M. Eventually it will be $10M. That would be worth $800M and $8 billion respectively.
A guy sold his $300k home for 100 bitcoin. A year later the home was worth $400k. He could have bought it back for 4 bitcoin, leaving 96 bitcoin in his custody worth almost $10M.
Bitcoin rewards you the longer you hold. Crazy how few understand this.
People were probably saying ‘you only have one life to live’, ‘what’s it matter if you don’t spend it’. Ok, but bitcoin rewards patience/saving/low-time preference.
Myth_Mula on
Everything gets cheaper when it’s priced in BTC, the same cannot be argued for fiat currencies
Budo00 on
Do you have enough?! Dang!
DryChemistry3196 on
He turned roughly USD$500,000 into $5.65m in 7 years, a house would never have achieved that.
spawn77x99 on
Brother… I got a motorcycle in Oct 2018… yes I chose to get a 7k bike and was skeptic of buying BTC… I only put like 100 into BTC. The most expensive bike in my fucking life. 😭😭
9 Comments
assuming he held, this aged really well
Do you have somewhere to stay bro?
Need to see what the rent payments are to make judgement.
Now imagine if within 5-10 years, 1 bitcoin is worth $1M. Eventually it will be $10M. That would be worth $800M and $8 billion respectively.
A guy sold his $300k home for 100 bitcoin. A year later the home was worth $400k. He could have bought it back for 4 bitcoin, leaving 96 bitcoin in his custody worth almost $10M.
Bitcoin rewards you the longer you hold. Crazy how few understand this.
People were probably saying ‘you only have one life to live’, ‘what’s it matter if you don’t spend it’. Ok, but bitcoin rewards patience/saving/low-time preference.
Everything gets cheaper when it’s priced in BTC, the same cannot be argued for fiat currencies
Do you have enough?! Dang!
He turned roughly USD$500,000 into $5.65m in 7 years, a house would never have achieved that.
Brother… I got a motorcycle in Oct 2018… yes I chose to get a 7k bike and was skeptic of buying BTC… I only put like 100 into BTC. The most expensive bike in my fucking life. 😭😭
So where would you live if you only bought btc?