A friend of mine keeps asking me about bitcoin price, and if it will ever recover. Shill me your best "price doesn't matter article" and win some sats.
Please don't post vague titles. Here's an improvement:
Shill me your best article on bitcoin's price not mattering
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Price actually matters, but your friend needs to chill out and zoom out a bit. Perspective will help here.
It's crucial to understand that with Bitcoin we trade short-term volatility for long-term appreciation.
Fiat is the complete opposite: short-term stability, but long-term depreciation.
Guaranteed!
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Maybe a bit verbose, but I find Bitcoin is Venice by Allen Farrington to be a good exploration of "why bitcoin". Link ==> https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070
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US homes have not increased in value, your dollar is just worth less. http://pricedingold.com/us-home-prices/
"If You Sell a House These Days, the Buyer Might Be a Pension Fund" https://archive.ph/SQN1g
Asset-Backed Securities include mortgages. The federal reserve is giving the banks the money they'd otherwise only get from people paying off loans: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
(The government is the reason you can't afford a house)
How The Economic Machine Works by Ray Dalio
Now, what your friend decides to do with this information is up to them, but Bitcoiners have decided the way to solve this problem is by creating a money with fair, unchangeable, and unrelenting rules. Oh and don't trust custodians. They have every reason to cheat you, and you have no way to know about it until its way too late.
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Bitcoin is freedom
Bitcoin is something you actually own
When your friend's bank account is frozen due to imminent fiat collapse (or being on the wrong side of an AI algorithm), how long do they have before hitting the food bank?
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