Quote from: slaman29 on Today at 06:03:33 AM

Quote from: ProfTP on August 24, 2021, 09:57:53 AM

for bitcoiners its kind of the same amount.

if you spend 1000 $ worth of bitcoin 2020 for wood and the same amount in bitcoin in 2021 you kind of get the same amount of wood.

Definitely not kinda the same amount though. I'm looking at this picture and BTC only Up 75% or around this mark from the last year only, so that amount of wood looks like it would need a 400% increase or something;) But of course I understand what you mean;)

I am not exactly sure where you are getting your BTC price numbers slaman29, but if we are looking at a year, we are looking around 4.7x to 5x BTC price increases in that period of time.. as I type this post.

I do also appreciate that when we consider bitcoin, we should not be handicapping our appreciation of bitcoin's value proposition situation by getting caught up in assessments of short-term price movements, and likely it does not matter which kind of assets, commodities, consumption goods, raw materials, blah blah blah that we are comparing.

Sure, we can have funzies by making such short-term comparisons, but with bitcoin we also are going to be much better off attempting to assess it's value in longer cycles of at least a minimum of 4 years... yeah, short term, we have UP, down whatever, and of course part of the frustration with recent times has been some of the supply chains being affected by corona and by just political matters including some of the money printing ..

Ok... Maybe we want to store some value in wood, but bitcoin is way more flexible for sure in terms of its portability and storage costs, and no need to really go down that path, right?

I guess part of my point remains that the longer that any of us is in bitcoin, the more options that we are going to perceive that we have based on bitcoin's ongoing value appreciation that seems more and more apparent with the more passage of time, so sure it might bother us if lumber prices doubled right within a year or so when we wanted to build a shed, garage, house or whatever, but if we have been stocking and stacking sats long enough, we may well just suck up the extra cost of the lumber and build our project whenever we want rather than allowing the price to bother us very much...

But sure, let's say that we had a $1 million project that we were planning a year ago, and then now such same project is projected to cost $2 million because various costs have doubled in that time, then we can be a bit aggravated by that, even though BTC prices had gone up 6.5x in the past year, but currently are only bouncing around in a 4.7x to 5x up price arena.. We might perceive that we are still doing o.k., even if we might not draw completely from our BTC to carry out such project.. and some would suggest that this is also NOT a great time to be spending large portions of our BTC based on where we are likely to be in the BTC price cycle, so sure there can be advantages in terms of attempting to time our spending of any BTC (to the extent that we might want to spend some BTC) around the BTC price cycle so that we might be able to achieve some better bang for our buck, and even well-off folks seem to have preferences to get a certain amount of bang for their buck instead of just being sloppy with their spending and consideration of expenses because even well-off folks likely got to being well-off (unless they got the money handed them for free) based on some level of preparation, practices and concerns about considering ways to spend money in a way that achieves some reasonable level of bangening for the buck.