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/biz/ - Business & Finance

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27894976 No.27894976 [Reply] [Original]

>be Australian fag
>2000 parents sell their house $275,000
>2001 parents buy some land 80,000
>2003 parents sell the land $170,000
>2004 + parents looking for new house to buy
>prices start skyrocketing
>parents think it’s insane and that prices will correct, decide to wait before buying
>every single year after they house prices continue to skyrocket
>even through 2008-2009 GFC property prices still skyrocketing
>2010s parents are completely priced out of the housing market
>2021 and parents are still renting
>the house they sold for $275,000 in 2000 sold for $1,650,000 at the end of 2020

I see the same similarities in Bitcoin. I truly believe if anyone sells their Bitcoin now, or doesn’t bother jumping in now, that they, in 3-5 and 10-15 years, will be like my parents, full of regret, priced out, and wishing they didn’t sell/ and or just bought in when they had the chance.

>> No.27895089
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27895089

>>27894976

full agree

>> No.27895101

Okay boomer

>> No.27895129

The thing is: everyone needs a place to live
No one needs internet meme money

>> No.27895185

>>27894976
Ah well, shit happens.

>> No.27895213

>>27895129
You know people were calling btc internet meme money in 2012 too right. You newfags literally are no different than fudders in 2012, 15, 16.

>> No.27895220

>>27894976
Nah the australian houseing market is artificially inflated

>> No.27895225

>>27894976
Rental property owners are going to be the death of American homeownership. Wonder why the housing markets price keeps increasing? Start paying attention to your local city government and their zoning, watch how often they're just replacing single residential home zones with commercial or rental zones.

Rental property owners are buying up all the land, less land to build new houses increases the pricing of already existing houses in the area. Don't like it? Move 45min to an hour outside of town. It's sadistic.

>> No.27895380

>>27895185
Except it wasn’t shit happening

Australian governments economic strategy facilitated the price of housing on Australian major cities to skyrocket rocket and hold their value and keep going up


Guess what’s happening to Bitcoin? It’s getting the same treatment, except it’s on a global scale.

The economy plan in place by all governments around the world for the 2020s is going to see asset prices skyrocket, and Bitcoin with its limited supply and market dominance of the cryptocurrency world is going to see trillions upon trillions upon trillions of dollars pour into crypto this decade, with most of it going to Bitcoin.

This is why btc will be a 7 figure stable coin 2025-2030

>> No.27895489

>>27895129
People need medium of exchange and wealth preservation. Do you choose one that is printed at will (destroying purchasing power) or one that is limited in supply?