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.
There should be no need for me to have to provide you with examples, but maybe I should consider laying it out?
Sure, housing has gone up too, but bitcoin has gone up more. To me it seems that it would be rare to locate some kind of a housing situation in which the house would not have required way fewer bitcoin to purchase now as compared to various dates in the past...
Let's take August 24 of each of the following years (over the last 10-ish years) and maybe presume starting with a $1 million house, and let's be generous and presume that the house goes up in price/value around 30% every two years. How does that 30% every two year house appreciation compare with bitcoin's spot price ot to bitcoin's 200-WMA valuation?
August 24, 2014 House = $1 million = BTC spot price quantity = 2,000 BTC = BTC 200-WMA quantity = 7,000 BTC
August 24, 2016 House = $1.3 million = BTC spot price quantity = 2,250 BTC = BTC 200-WMA quantity = 3,800 BTC
August 24, 2018 House = $1.7 million = BTC spot price quantity = 255 BTC = BTC 200-WMA quantity = 630 BTC
August 24, 2020 House = $2.2 million = BTC spot price quantity = 188 BTC = BTC 200-WMA quantity = 340 BTC
August 24, 2022 House = $2.9 million = BTC spot price quantity = 135 BTC = BTC 200-WMA quantity = 126 BTC
August 24, 2024 House = $3.7 million = BTC spot price quantity = 58 BTC = BTC 200-WMA quantity = 97 BTC
You can see the data for each of the dates, here: https://bitcoindata.science/withdrawal-strategy
We can see that even if the house had gone up 3x or 4x in the past 10 years, it still would cost way fewer bitcoin to buy such house now as compared with various points in previous years, and we should be able to see a trend in which fewer and fewer bitcoin have been required to buy similarly valued houses.
Even if we might not have the same magnitude of BTC value appreciation in the future, I see no reason to conclude that bitcoin is not going to continue to appreciate better than houses especially if we are looking at such comparisons over 4-year cycles or more.
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.
