One House = One Bitcoin

[james.hendrickson]

Its crazy that a bitcoin costs as much as a house.

Bitcoin is trading at 104,000 or thereabouts on coinbase.

And here is a house in Birmingham, AL, worth 104k.

[bjl584]

Long term, you'd probably be better off with the real estate as an investment as opposed to the Bitcoin

[ua_guy]

Agreed -- and you could potentially have a place to live, or something to generate income later.

[QuarterMillionMan]

Disagree, long term that 1 BTC will be worth a lot more than that house. Supply & demand 19.5 million BTCs are in currently mined with a max 21 million ever to be mined. In 2035, 99% of BTC will be mined and the remaining 1% for another 100 years to be mined.

[ua_guy]

Bitcoin has no real future as a widely accepted payment currency as it stands. The transaction speed to commit a btc payment tx isn't currently fast enough to support the number of transactions big outfits see in a normal business day, like a Starbucks, McD or even a Home Depot.

My guess is the value will eventually fall or stay stable/low and it will continue to be the PayPal service/currency for money laundering and other illicit business. The money lost by genpop investing in crypto is staggering.

[bjl584]

Disagree, long term that 1 BTC will be worth a lot more than that house. Supply & demand 19.5 million BTCs are in currently mined with a max 21 million ever to be mined. In 2035, 99% of BTC will be mined and the remaining 1% for another 100 years to be mined.

The house will pay you a dividend (rent) and it will appreciate in value over time.
It also comes with a host of tax write offs that crypto does not.

[anhtuvp]

A few years ago people were buying pizza with Bitcoin, now it’s house money.