Bitcoin

17 Replies

@Paul Ortiz   is there a way to buy gift cards at a discount using bitcoin?   my knowledge of bitcoins is limited. 

how would bitcoins be used in re? 

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@Paul Ortiz  I think it will change how some people pay rent, mostly the unbanked. Consider the following case: 

You have a young family with sufficient income to make rental payments and bruised but adequate credit. However, a few years ago one of them wrote a bad check and this was reported in Chex so that person has difficulty opening a bank account. You decide to accept them as tenants if they can pay you electronically between the 1st and the 5th of the month like everyone else. They can't write you a check and you don't like to accept cash for safety reasons. What do you do?

You sign them up with a payment processor that accepts bitcoin and pays you in your choice of dollars or bitcoin. The processing fee is negligible: somewhat less than paying you by money order. Everybody wins.

I think low income tenants will eventually pay electronically in this way. I could be wrong.

Originally posted by @Paul Ortiz :

Just wandering if anyone had any thought on what Bitcoin will do for Real Estate Transactions.

Or any digital currency for that matter.

Thanks in Advance.

 Paul, I see this post is a little older, but I thought I would add to it, I think Crypto Currency such as Bitcoin will become more common place and we will see companies accepting just like any other currency. Whats the difference if you have to exchange Crypto Currency or Forex other currency --??

Hello Paul, this post is older but I would say that who so ever bought bitcoins at that time became very lucky, I m a professional bitcoin trader and I would say that it is the easiest way to generate profit, you just need to use your while sale and purchase. There are many people and various platforms who are helping in buying and selling bitcoins to minimize your loss. 

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I believe there is a strong case for most assets and commodities to be tokenised especially RE. It's an amazing way to crowd fund millionaire dollar projects in a safe and low fee manner. There are a few successful projects but I think it will take years until it truly takes off. As for Bitcoin it's essentially a store of value for most people and it just depends how long it takes to the masses.

The future of bitcoin is in LENDING and decentralized finance. 

Example: using platforms like BlockFi, you can literally borrow USD against the BTC you hold, or lend your BTC to other people in a P2P way. You can also earn very competitive interest on crypto, which I'm experimenting with now (8.6% APY on USDC, for example).

While this is still early, and there are some logistics to work out, I'm sure any real estate investor will understand how disruptive this truly is. 

My original plan for this bull run was to take profits closer to the top of the cycle, but things like this make me question that. Why not just hold indefinitely and borrow against it?

Imagine mortgages and lines of credit without traditional fiat banks. It's huge. 

Originally posted by @Ross Bowman :

The future of bitcoin is in LENDING and decentralized finance. 

Example: using platforms like BlockFi, you can literally borrow USD against the BTC you hold, or lend your BTC to other people in a P2P way. You can also earn very competitive interest on crypto, which I'm experimenting with now (8.6% APY on USDC, for example).

While this is still early, and there are some logistics to work out, I'm sure any real estate investor will understand how disruptive this truly is. 

My original plan for this bull run was to take profits closer to the top of the cycle, but things like this make me question that. Why not just hold indefinitely and borrow against it?

Imagine mortgages and lines of credit without traditional fiat banks. It's huge. 

Bitcoin banking might have a future role here. I am with one outfit that is kyc insured and pays upto 7.5% on my bitcoin and ethereum. The loans available are instantaneous. That might change things up a bit as this was never possible pre bitcoin. 

Personally I would still take profits but maybe way less now as too avoid tax hits. 

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Originally posted by @Matt R. :
Originally posted by @Ross Bowman:

The future of bitcoin is in LENDING and decentralized finance. 

Example: using platforms like BlockFi, you can literally borrow USD against the BTC you hold, or lend your BTC to other people in a P2P way. You can also earn very competitive interest on crypto, which I'm experimenting with now (8.6% APY on USDC, for example).

While this is still early, and there are some logistics to work out, I'm sure any real estate investor will understand how disruptive this truly is. 

My original plan for this bull run was to take profits closer to the top of the cycle, but things like this make me question that. Why not just hold indefinitely and borrow against it?

Imagine mortgages and lines of credit without traditional fiat banks. It's huge. 

Bitcoin banking might have a future role here. I am with one outfit that is kyc insured and pays upto 7.5% on my bitcoin and ethereum. The loans available are instantaneous. That might change things up a bit as this was never possible pre bitcoin. 

Personally I would still take profits but maybe way less now as too avoid tax hits. 

Which one are you using man? I'm still exploring the options but definitely think there's something big here.

We're still super early though, as most of the RE community either doesn't get it yet or doesn't want to.

Originally posted by @Ross Bowman :
Originally posted by @Matt R.:
Originally posted by @Ross Bowman:

The future of bitcoin is in LENDING and decentralized finance. 

Example: using platforms like BlockFi, you can literally borrow USD against the BTC you hold, or lend your BTC to other people in a P2P way. You can also earn very competitive interest on crypto, which I'm experimenting with now (8.6% APY on USDC, for example).

While this is still early, and there are some logistics to work out, I'm sure any real estate investor will understand how disruptive this truly is. 

My original plan for this bull run was to take profits closer to the top of the cycle, but things like this make me question that. Why not just hold indefinitely and borrow against it?

Imagine mortgages and lines of credit without traditional fiat banks. It's huge. 

Bitcoin banking might have a future role here. I am with one outfit that is kyc insured and pays upto 7.5% on my bitcoin and ethereum. The loans available are instantaneous. That might change things up a bit as this was never possible pre bitcoin. 

Personally I would still take profits but maybe way less now as too avoid tax hits. 

Which one are you using man? I'm still exploring the options but definitely think there's something big here.

We're still super early though, as most of the RE community either doesn't get it yet or doesn't want to.

I will DM you the name. They regularly advertise so you know the name.