Housing is crazy. I thought it was overpriced in the early 2000s and, despite a couple of corrections, it's even moreso now.
It is, but if bitcoin would grow faster than housing,
soon enough you would pay fractions of bitcoin to buy a house.
Maybe as soon as 5 years, 9 at the most, hopefully.
Where have you been Biodom?
You refer to the housing versus bitcoin valuation situation as if it might be questionable whether bitcoin might gain value faster than housing, or if there were some kind of a question about whether bitcoin might gain value faster than housing, yet Bitcoin has already been appreciating way more than housing whether we look at the appreciation of BTC's spot price compared with housing or perhaps we could look at an appreciation of bitcoin's value through some more gradual indicator, like the 200-WMA......................................
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It's funny that you present my opinion as if I thought that housing would appreciate faster than bitcoin going forward when i actually suggested EXACTLY the opposite (re-emphasized the quote with a bold font)..but i understand that you just needed an supposedly opposite opinion to build your case...no biggie, but i simply replied to Richy_T's comment that housing went bonkers lately.
I think that you are over-reacting a wee bit, since I was not really challenging the actual substance of what you were saying, yet just a seeming characterization that you were seeming to suggest that bitcoin was going to beat housing in the future, when in fact bitcoin has already been fucking slaughtering housing, so why rely merely on the future when it already has been happening in pretty strong ways.
In other words:
So to me it seems that we should not be suggesting that bitcoin beating housing in the future is any kind of new thing since it is already has been happening for years and years and years and the evidence seems to point out in very strong and evident ways, especially when we look at the actual data.. which is part of the reason that I went through a longer process of presenting actual specific data in order to really highlight how obvious bitcoin's historical out performance of housing has been rather than any attempt for me to say the opposite to you.. since I was not saying the opposite to you or even trying to say the opposite to you, but instead attempting to suggest that maybe you should have given more emphasis to the fact that bitcoin has already been beating housing, continues to beat housing and sure will likely continue to beat housing in the future too.. rather than your ONLY seeming to emphasize that you believe that bitcoin will beat housing in the future.. well duh..
..............many speak trump good for btc harris bad for btc. they sat on sidelines in fear.
but they also listen to rates cut printer goes brrrrrr. so now they ran out and grabbed btc.
Your first tentative conclusion is correct, people are mostly continueing to sit on the sidelines.
In other words, an overwhelming majority of the population are still NOT going out and getting BTC, whether directly buying it (first starting with an exchange.. which yeah is not quite directly owning it, even though it is a first step) or even going through the ETFs.
Many of us know that the numbers are of entrants into BTC continues to grow, but the growth of BTC's adoption still remains to be coming from some insiders rather than really falling more broadly accross the populous, and even some of the insiders are not biting and concluding that it is too late to get into BTC.
There are large sectors of RIAs (Registered investment advisors) only just starting to be able to recommend BTC spot ETF to their clients, there are quest a few RIAs who still are not able to recommend BTC spot ETFs to their clients - and sure some folks could directly buy bitcoin and hold it on an exchange (frequently, step one for direct buyers who might later actually transfer their BTC towards directly holding it.. but not exactly a trend to directly hold your BTC either, even though an overwhelming majority of BTC is still directly held), yet in the end, I doubt that we are really seeing either normie folks (or even insiders) rushing to buy BTC, even though some folks are coming over to BTC (and the ones coming now are still early..
not as early as some of us, but still not too late, even though there remain a lot of fence sitters who believe that they are too late), but still those rushing in to buy BTC seem to be quite a small minority of the population as a whole and a decently small percent of the insiders.... a common and ongoing mistake to be assessing bitcoin as if it were anywhere close to a mature asset or even one that has a lot of mainstream adoption, even if we hear about BTC on the news a lot more, I will speculate that both retail and insiders are still not rushing out to buy bitcoin.... but yeah, growth can ONLY happen so fast anyhow and there is a bit of a need for the momentum and the building of momentum for potentially another BTC price run this year and next year (but is such a thing going to happen?)
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