Anyone moving their investments to Bitcoin?
Rental Property Investor · Tampa, FL · Member since 2019 · 128 posts · 166 votes
Anyone moving their investments to Bitcoin?
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
6yI prefer Stanley Nickels and Schrute Bucks
District Invest Group545 Reviews
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- Specialist · Dallas, TX · Member since 2014 · 900 posts · 392 votes6y
Originally posted by @John Edwards:
@Greg Moore I read far too much about massive hacks to be comfortable investing in cryptocurrency
That's because they leave it on the exchange instead of moving to a software or hardware wallet. Exodus has a great software wallet that lets you store it on a Trezor...
- Real Estate Agent · Scottsdale, AZ · Member since 2019 · 448 posts · 320 votes6y
Originally posted by @Greg Moore:
@Steven Lowe you’re putting way too much on Pong and not enough on Frogger!! :)
George Costanza agrees with this.
- Rental Property Investor · Tampa, FL · Member since 2019 · 128 posts · 166 votes6y
And this just in from Mr. Rich Dad, himself:
- Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes6y
Aside from speculators, who actually USES bitcoin?
The only actual real-world use I have ever heard of for this stuff is buying drugs off the darknet markets.
Everything else seems like putting your cash into a completely unpredictable money rollercoaster. Its a magnet for grifters and fools, and the "investing" equivilent of going to that crummy casino in National Lampoons Vegas Vacation (?) where some guy in sunglasses lets you bet on what number hes thinking of. - 6yAndrew HoganPro MemberRental Property Investor · Indianapolis, IN · Member since 2016 · 559 posts · 463 votes
Thank you @Russell Brazil. That's gotta be the best BP comment of 2020 thus far. Can I get an A-MEN?
Rather than trading depreciating paper for a digital paper that produces a roller coaster of emotions, I'd rather trade it for REAL income-producing assets that appreciate over time and give me more paper.
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
Originally posted by @John Edwards:
@Greg Moore I read far too much about massive hacks to be comfortable investing in cryptocurrency
Do you know what was hacked? Exchanges were hacked. The easy way around that is to follow the number 1 rule of holding, which is, do not leave your holdings on an exchange.
I see the reason so many are uncomfortable, is a total lack of understanding.
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
Originally posted by @Account Closed:
Aside from speculators, who actually USES bitcoin?
The only actual real-world use I have ever heard of for this stuff is buying drugs off the darknet markets.
Everything else seems like putting your cash into a completely unpredictable money rollercoaster. Its a magnet for grifters and fools, and the "investing" equivilent of going to that crummy casino in National Lampoons Vegas Vacation (?) where some guy in sunglasses lets you bet on what number hes thinking of.you mean like cash?
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
Originally posted by @Andrew Hogan:
Thank you @Russell Brazil. That's gotta be the best BP comment of 2020 thus far. Can I get an A-MEN?
Rather than trading depreciating paper for a digital paper that produces a roller coaster of emotions, I'd rather trade it for REAL income-producing assets that appreciate over time and give me more paper.
Those emotions are where the reward is. Bitcoin is eating EVERYTHING. I have RE that has appreciated 100%+ and still nothing has given me the returns that Bitcoin has.
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
I have a few properties that if I could sell with the click of a button, I would, and put it all into Bitcoin.
I have held Bitcoin since it was in the very LOWest triple digits.
Bitcoins market cap is now larger than Netflix, Disney, Nike, Home Depot, etc. And is now larger than ALL of the US banks.
Big name investors and billionaire hedge fund operators such as Bill Miller, Stanley Druckenmiller, Ray Dalio, Raoul Pal, now hold and / or are recommending it part of everyone's portfolio.
Mexico's second richest person, billionaire, invested 10% of his liquid wealth.
Blacrock CEO - "It has our attention", Blackrock CIO - "In many ways it is better than gold" Citibank and Chase analysts are projecting it will go much higher. Standard Charter Bank is getting into storage and transactions, PayPal is offering crypto purchases and are seeing higher than expected demand and are rushing to rollout the global offering. Half of Squares revenue is coming from BTC transaction fees - they also recently bought $50m worth. Guggenheim filed with the SEC to add $500m worth of Bitcoin to one its funds. Massmutual just invested $100m worth into Bitcoin and another $5m into NYDIG who is holding it for them. The CEO of Microstrategy converted $475m worth of corporate cash into Bitcoin, and is now raising another $400m to buy more. Recently they were up 65% on that purchase Michael Saylor looks like a god. Jim Cramer is buying or bought it, to leave in his will for his kids. French courts ruled Bitcoin equal to money. BBVA, spains 2nd largest bank is offering Bitcoin custody and transactions, starting in Switzerland. Wells Fargo is recommending Bitcoin and I expect they will custody soon. Kraken, a large crypto exchange, was given a banking charter license in Wyoming, where they are opening a physical branch, which will hold 100% deposits in cash reserves. The OCC (Federal office of the comptroller of currency) issued guidelines to banks on storing crypto and transacting. The OCC head also announced that the US will not ban Bitcoin. The DOW and S&P are adding crypto indexes in 2021. Bitwise launched an index just recently. A Bernstein analyst recently reversed his stance on Bitcoin, now sees it legitimate. You can buy pizza with it in Venezuela at Pizza Hut. Cynthia Lummins, and incoming senator, has stated that Bitcoin is going to be an important player for the future and she hopes to bring Bitcoin into the national conversation. A handful of other senators sent a letter to the treasury telling him to back off trying to ban private wallets. We are also seeing record outflows from gold and record inflows to Bitcoin funds. Raoul Pal sold ALL of his gold and bought Bitcoin.NOTHING has performed as well as Bitcoin over the past 15 years. Bitcoin is eating everything and it is still just getting started. We are seeing, right now, PayPal, Square, Grayscale, and the like, buying Bitcoin by the billions of dollars and buying ALL of the daily mined supply. Where do you think this is going? This is the first time in history that we have seen an asset start in the hands of the people, which is why it was created, and is now being bought up, I mean all of it, by institutions. Why do you think? They see the value and want to OWN the supply. The early holders, who got educated, believed, and remained a strong hands through the volatility, will benefit massively. Hedge funds know banks can now custody. This is the green light to invest and custody themselves. Family offices are getting in and when we finally see and ETF, more RIA's will start recommending it. Endowments are already investing in Bitcoin and we will see more. More insurance companies will also follow. More banks will build systems to trade and custody - if they dont, they will be left behind. There is a fine line between conservative and stupid. No one wants to be left out, but even more so, no one wants to be wrong. Which is why all of this is happening. Pensions are definitely looking at it but they move much slower - it is only a matter of time for them also. Not to mention retail and Robbinhood traders. Bitcoin will eventually flip gold. And before that, more corporate treasurers will start adding it to their balance sheets - Google, Amazon, Tesla, Microsoft, Apple.
I have held for YEARS, I have seen it declared dead, called a scam and a fraud - by bank CEO's whose analysts are now saying it will go higher. I have heard the arguments "well I cant buy coffee with it" and "the us will ban it" and "it got hacked" and all the other fear from people who obviously did not understand what they were saying nor the asset.
I have lived and held through the volatility, believing that we would get to the point of what we are seeing today. I have always said, it is just a matter of time. Now the genie is out of the bottle.
All of this is just what I can remember of the top of my head. As I have said, I have held through hard times, and it is a good thing ALL of these people and institutions that are behind it, in the billions, are a lot smarter than me.The SEC's ETF concerns are being addressed. The SEC is concerned with volatility, which is smoothing out with the billions coming in from steady hands and will smooth out further as the market cap grow's, custody - which has now been granted to banks, and manipulation - which not even the investment banks can pull off. At some point, the SEC will have to decide whether they feel the US is better with or without them, because people ARE buying it, institutions are offering it and adding it to funds, an index is already live and more are announced for 2021. And at some point the SEC will stand in the way from retirees and conservative investors, and others, from participating in the gains and wealth created by Bitcoin.
- Rental Property Investor · Tampa, FL · Member since 2019 · 128 posts · 166 votes5y
@Eric Carr thanks for chiming in. I've thought about this post and the comments many times the past 7 months as I've watched Bitcoin climb 185% from $6000 (where it was when I posted this) to $18,000 (where it is today). It's a rocket ship! The institutional investing, as well as the endorsements from Financial thought leaders like Kiyosaki that has taken place in the 7 months since my post gives me confidence Bitcoin is here to stay. It is digital gold for those who got in early like yourself. I'm excited to see what 2021 brings. I don't like the lack of control of any passive investment whether it be stocks or cryptocurrencies. But I've realized these past 7 months that Bitcoin is a GREAT way to raise capital to buy more Real Estate!
- Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes5y
Originally posted by @Eric Carr:
I have a few properties that if I could sell with the click of a button, I would, and put it all into Bitcoin.
I have held Bitcoin since it was in the very LOWest triple digits.
Bitcoins market cap is now larger than Netflix, Disney, Nike, Home Depot, etc. And is now larger than ALL of the US banks.
Big name investors and billionaire hedge fund operators such as Bill Miller, Stanley Druckenmiller, Ray Dalio, Raoul Pal, now hold and / or are recommending it part of everyone's portfolio.
Mexico's second richest person, billionaire, invested 10% of his liquid wealth.
Blacrock CEO - "It has our attention", Blackrock CIO - "In many ways it is better than gold" Citibank and Chase analysts are projecting it will go much higher. Standard Charter Bank is getting into storage and transactions, PayPal is offering crypto purchases and are seeing higher than expected demand and are rushing to rollout the global offering. Half of Squares revenue is coming from BTC transaction fees - they also recently bought $50m worth. Guggenheim filed with the SEC to add $500m worth of Bitcoin to one its funds. Massmutual just invested $100m worth into Bitcoin and another $5m into NYDIG who is holding it for them. The CEO of Microstrategy converted $475m worth of corporate cash into Bitcoin, and is now raising another $400m to buy more. Recently they were up 65% on that purchase Michael Saylor looks like a god. Jim Cramer is buying or bought it, to leave in his will for his kids. French courts ruled Bitcoin equal to money. BBVA, spains 2nd largest bank is offering Bitcoin custody and transactions, starting in Switzerland. Wells Fargo is recommending Bitcoin and I expect they will custody soon. Kraken, a large crypto exchange, was given a banking charter license in Wyoming, where they are opening a physical branch, which will hold 100% deposits in cash reserves. The OCC (Federal office of the comptroller of currency) issued guidelines to banks on storing crypto and transacting. The OCC head also announced that the US will not ban Bitcoin. The DOW and S&P are adding crypto indexes in 2021. Bitwise launched an index just recently. A Bernstein analyst recently reversed his stance on Bitcoin, now sees it legitimate. You can buy pizza with it in Venezuela at Pizza Hut. Cynthia Lummins, and incoming senator, has stated that Bitcoin is going to be an important player for the future and she hopes to bring Bitcoin into the national conversation. A handful of other senators sent a letter to the treasury telling him to back off trying to ban private wallets. We are also seeing record outflows from gold and record inflows to Bitcoin funds. Raoul Pal sold ALL of his gold and bought Bitcoin.NOTHING has performed as well as Bitcoin over the past 15 years. Bitcoin is eating everything and it is still just getting started. We are seeing, right now, PayPal, Square, Grayscale, and the like, buying Bitcoin by the billions of dollars and buying ALL of the daily mined supply. Where do you think this is going? This is the first time in history that we have seen an asset start in the hands of the people, which is why it was created, and is now being bought up, I mean all of it, by institutions. Why do you think? They see the value and want to OWN the supply. The early holders, who got educated, believed, and remained a strong hands through the volatility, will benefit massively. Hedge funds know banks can now custody. This is the green light to invest and custody themselves. Family offices are getting in and when we finally see and ETF, more RIA's will start recommending it. Endowments are already investing in Bitcoin and we will see more. More insurance companies will also follow. More banks will build systems to trade and custody - if they dont, they will be left behind. There is a fine line between conservative and stupid. No one wants to be left out, but even more so, no one wants to be wrong. Which is why all of this is happening. Pensions are definitely looking at it but they move much slower - it is only a matter of time for them also. Not to mention retail and Robbinhood traders. Bitcoin will eventually flip gold. And before that, more corporate treasurers will start adding it to their balance sheets - Google, Amazon, Tesla, Microsoft, Apple.
I have held for YEARS, I have seen it declared dead, called a scam and a fraud - by bank CEO's whose analysts are now saying it will go higher. I have heard the arguments "well I cant buy coffee with it" and "the us will ban it" and "it got hacked" and all the other fear from people who obviously did not understand what they were saying nor the asset.
I have lived and held through the volatility, believing that we would get to the point of what we are seeing today. I have always said, it is just a matter of time. Now the genie is out of the bottle.
All of this is just what I can remember of the top of my head. As I have said, I have held through hard times, and it is a good thing ALL of these people and institutions that are behind it, in the billions, are a lot smarter than me.The SEC's ETF concerns are being addressed. The SEC is concerned with volatility, which is smoothing out with the billions coming in from steady hands and will smooth out further as the market cap grow's, custody - which has now been granted to banks, and manipulation - which not even the investment banks can pull off. At some point, the SEC will have to decide whether they feel the US is better with or without them, because people ARE buying it, institutions are offering it and adding it to funds, an index is already live and more are announced for 2021. And at some point the SEC will stand in the way from retirees and conservative investors, and others, from participating in the gains and wealth created by Bitcoin.
Ok, all these wealthy people are throwing money at it, investors are frothing at the mouth over its growth, but where is it actually being USED? Who is buying/selling (legal) stuff with it? Its fun if you want to daytrade BTC or buy weed through the mail, but make no mistake, investing in it is speculating. Its forex for the 2000s.
- Investor · San Diego · Member since 2020 · 21 posts · 31 votes5y
Great post topic! We actually accepted a partial down payment on an owner financed deal we did out in Vegas earlier this year. The transaction took place in May we accepted $10,000 us dollars worth of bitcoin. One coin at that time was worth about $8990 dollars. I wish I was smart enough to say we held on to it but no we sold it in mid June with it went up to about $9600 a coin. Still a nice little "tip" on the transaction but boy I wish I still had it. Does anyone here know more than I about crypto? At what price do we consider buying in on bitcoin?
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
Originally posted by @Account Closed:
It's all speculative. They could build millions or billions in value with BitCoin, only to have it replaced with a different technology that wipes out the value in a matter of days. They may end up wealthy or (more likely) they will watch the value go down the toilet. Just because some wealthy people invest in something doesn't make it a sure thing: Conoco, Boston Globe, Flooz.com (another digital currency), Time Warner, are just some examples where very wealthy investors bought into something that went south.
The DIY Landlord Book4.7248 Reviews - Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes5y
Originally posted by @Eric Carr:
Originally posted by @Account Closed:
Aside from speculators, who actually USES bitcoin?
The only actual real-world use I have ever heard of for this stuff is buying drugs off the darknet markets.
Everything else seems like putting your cash into a completely unpredictable money rollercoaster. Its a magnet for grifters and fools, and the "investing" equivilent of going to that crummy casino in National Lampoons Vegas Vacation (?) where some guy in sunglasses lets you bet on what number hes thinking of.you mean like cash?
I can buy literally anything with cash. I admit i had to skim that novel you wrote, but the only functional use for BTC I could see you giving was buying a pizza in Venezuela .. a country with a completely devalued currency and teetering on the brink of failure. You can probably buy pizza with literally anything EXCEPT a Venezuelan bolivar. Of course they take bitcoin.
- Rental Property Investor · Tampa, FL · Member since 2019 · 128 posts · 166 votes5y
@Account Closed First of all, let's agree that good ol' cash (especially USD) is used far more for buying and selling illegal stuff than Bitcoin has ever been used for. And next, let's acknowledge that $1 of your USD cash when you asked the same question the first time on this thread 7 months ago would be worth $2.85 BTC today.
Now to answer your question: any person or merchant that accepts CashApp, PayPal or Venmo can receive payment via Bitcoin. If you have a contractor doing work on one of your homes that accepts PayPal, then you've found your first Use Case! In Japan you can buy just about anything you would use a credit card or Yen to buy (actually that is true in many Asian countries, including Singapore where I lived for 10 years); Or back here in 'merica, we can even buy a Whopper at Burger King! Here are 100 more things you can buy using BTC. Happy shopping, Nicky! I'd love to hear what you use your BTC for!
- Investor · Illinois and Iowa · Member since 2020 · 36 posts · 24 votes5y
@Russell Brazil favorite comment ever
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
@Account Closed
Nicky, where can you use gold to buy things? The point is BTC is NEITHER a day trading nor payment instrument. However, IF YOU HAD DONE YOUR OWN RESEARCH, you would know that when one buys Bitcoin, or ETH, or LTC, or ETH, inside PayPal, you would know that either now, 2 days, or 2 years from now, you can use those holding to buy ANYTHING from the 26 million merchants who accept PayPal. And this is very likely just the start. It seems like you have only looked for reasons why it isn't valuable. It's obvious you are sealed - though I am not here to change anyone's mind or explain to you the information that is already out there. Also the fact that you "skimmed" my "novel" tells me all about you. You are more interested than being right than having a discussion.
Nathan, you could walk out of your house tomorrow and get struck by lightning. Or something could come along and take over Amazon, Google, Apple. Or Netflix could put Blockbuster out of business. The only two things in life are death and change - so good for you for sitting home and doing nothing at all, just in case. It almost sounds like the old argument to invest in rental property now or wait for a correction.
As far as other currencies, some seem to have value, while a majority, to me, do not. Kind of like the mid - late 90's in the internet. So good for you for doing your research to decide, rather than throw out random examples. If you truly did your own research, you might understand Bitcoins dominance. But as you've said, while people are making millions, you can sit on the sidelines. If crypto isn't your game, fine, I just think it foolish to talk either positively or negatively about something you clearly don't understand.
ANYTHING can happen. The same with the hot area with awesome cashflow. But that doesn't stop anyone from taking the risk, does it?
My point is, you guys and girls are supposed to be critically thinking investors. I am astounded that much of what I see is hearsay and misinformation to a straight out complete lack of understanding.
People react emotionally to things first, which is exactly what you don't do in investing, in fact one of my rules for life. Especially with Bitcoin, people on BP are so quick to prove how right they are rather than have a debate and learn.
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
Man, you dont know how many times I have seen over the years, "I bought BTC at $.06 and sold at $.08, and now it's at $.30!" This alone has been a reminder for me to just keep holding, even when some of those years doldrumed by.
You made a profit, which is awesome.
For me: buy something because you believe in it, hold out through the waves - especially with something NEW and volatile such as Bitcoin, and just hold until it reaches the marker for your exit. As far as when to buy? Buy now. No one knows what's going to happen in the future but I would be surprised if we saw it go below $10K ever, from here.
Like I said, what I see at the moment are the institutions and banks getting a hold of the supply while it inevitably goes much higher.
- Real Estate Broker · Los Angeles, CA · Member since 2017 · 655 posts · 293 votes5y
@Account Closed
Also, the fact that nicky went straight to the part about being able to buy pizza in Venezuela with BTC and it not being impressive, which isn't a big deal to me either - much like fact that Iran's central banks are also buying BTC, while ignoring all the rest of the information - the billions of dollars flowing in, shows me where his mind is at.
Nathan, what you seemed to pick up is that wealthy people are casually throwing money at Bitcoin. Did you not see the part where governments are both legalizing BTC and clearing the path for its adoption? You must realize that insurance companies are some of the most conservative investors?
Anything can happen. I am just making a point. Think critically.
- Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes5y
Originally posted by @Eric Carr:
@Account Closed
Nicky, where can you use gold to buy things? The point is BTC is NEITHER a day trading nor payment instrument. However, IF YOU HAD DONE YOUR OWN RESEARCH, you would know that when one buys Bitcoin, or ETH, or LTC, or ETH, inside PayPal, you would know that either now, 2 days, or 2 years from now, you can use those holding to buy ANYTHING from the 26 million merchants who accept PayPal. And this is very likely just the start. It seems like you have only looked for reasons why it isn't valuable. It's obvious you are sealed - though I am not here to change anyone's mind or explain to you the information that is already out there. Also the fact that you "skimmed" my "novel" tells me all about you. You are more interested than being right than having a discussion.
Nathan, you could walk out of your house tomorrow and get struck by lightning. Or something could come along and take over Amazon, Google, Apple. Or Netflix could put Blockbuster out of business. The only two things in life are death and change - so good for you for sitting home and doing nothing at all, just in case. It almost sounds like the old argument to invest in rental property now or wait for a correction.
As far as other currencies, some seem to have value, while a majority, to me, do not. Kind of like the mid - late 90's in the internet. So good for you for doing your research to decide, rather than throw out random examples. If you truly did your own research, you might understand Bitcoins dominance. But as you've said, while people are making millions, you can sit on the sidelines. If crypto isn't your game, fine, I just think it foolish to talk either positively or negatively about something you clearly don't understand.
ANYTHING can happen. The same with the hot area with awesome cashflow. But that doesn't stop anyone from taking the risk, does it?
My point is, you guys and girls are supposed to be critically thinking investors. I am astounded that much of what I see is hearsay and misinformation to a straight out complete lack of understanding.
People react emotionally to things first, which is exactly what you don't do in investing, in fact one of my rules for life. Especially with Bitcoin, people on BP are so quick to prove how right they are rather than have a debate and learn.
lets back off a little bit from the excitement and insulting tones. Bitcoin was intended to be an anonymous currency, almost more of a proof of concept than anything else... It was never intended to be a speculative investment vehicle for excited real estate brokers and other everyday folks. Its become that though, hyped up by millionares and billionares who can do things like control its price by buying and selling to themselves to affect the market.
If you want to have fun with it, please do. If you have fun money you can throw at it, do so. But i would never in a million years support people moving their actual wealth into bitcoin.
- Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes5y
Originally posted by @Greg Moore:
@Account Closed First of all, let's agree that good ol' cash (especially USD) is used far more for buying and selling illegal stuff than Bitcoin has ever been used for. And next, let's acknowledge that $1 of your USD cash when you asked the same question the first time on this thread 7 months ago would be worth $2.85 BTC today.
Now to answer your question: any person or merchant that accepts CashApp, PayPal or Venmo can receive payment via Bitcoin. If you have a contractor doing work on one of your homes that accepts PayPal, then you've found your first Use Case! In Japan you can buy just about anything you would use a credit card or Yen to buy (actually that is true in many Asian countries, including Singapore where I lived for 10 years); Or back here in 'merica, we can even buy a Whopper at Burger King! Here are 100 more things you can buy using BTC. Happy shopping, Nicky! I'd love to hear what you use your BTC for!
I was an original user for its intended purpose..... buying weed anonymously off silkroad back when it was about 5-10 bucks per bitcoin.. I am also a software engineer though, and understand its features and limitations. I even own a bunch of it still, letting it ride since its blown up so much......(side note, i am much younger than my profile pic makes me look :)
but now its all about speculation, riding the price up and up, when in fact you can manipulate its price if you control enough of it, and nobody knows who controls what.
And yes, you can spend it by going through several steps, and I am sure you can find other bitcoin aficionados that will accept it directly. However nobody really is using it that way now, and thats my point. Everyone just sees this as a way to wealth, when it was never intended for that.
Its dangerous to encourage people to "move their investments" into bitcoin as the title says. Invest in it on the side sure, but dont MOVE your nest egg into it.
- Real Estate Agent · Salem, MA · Member since 2014 · 114 posts · 78 votes5y
@Greg Moore
It sounds like you are already doing or have done some research. I would add on for research the podcast “ We study Billionaires” they have recently done a split in their podcast. They now have an episode every week devoted to the topic of bitcoin specifically. One of the hosts , Stig Broderson, was a recent guest on the BP podcast on their new Sunday episodes.
I think it is a compelling asset, and am interested in starting a position myself. But I feel like I need hand holding for my first buy, haha. I don’t want to do the wrong thing and have my money lost or swindled.
I would say as a percentage, 1-10% , depending on your conviction. 1% might honestly be all you need to see awesome returns, and if it goes to Zero, then not much was lost overall.
- Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
I would like to remind everyone that Biggerpockets is specifically for real estate investing, not a free-for-all on every possible investment vehicle available. There are websites specifically for bitcoin, stock market, and Hummel figurines if that's what floats your boat. You present your opinion and let others present theirs, preferably without the insults.
The DIY Landlord Book4.7248 Reviews - Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes5y
@Eric Carr would you consider Warren Buffet a critical thinker? He's talked about bitcoin for years and has some very solid reasons for not investing in it. Just something to chew on.
The DIY Landlord Book4.7248 Reviews
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