Contractor · Oxford, MA · Member since 2018 · 807 posts · 745 votes
7y
There is zero chance in hell I would take rent in a "currency" that can have 2X swings in a month. Who would ever think basing your business and income off of something so volatile is a good idea? In the next year the odds of it hitting $2k and $20k are about the same, I'll take a hard pass on it until it is stable
I have a small amount (to me) in it. I'm ok with gambling on it. Facebook starting Libra is huge for the industry.
Yeah, that libra thing is kind of the missing piece. If FB pulls that off, which they have every single major payment corp on board already, visa, paypal etc ...that is sort of game over I guess.
There is zero chance in hell I would take rent in a "currency" that can have 2X swings in a month. Who would ever think basing your business and income off of something so volatile is a good idea? In the next year the odds of it hitting $2k and $20k are about the same, I'll take a hard pass on it until it is stable
Right on, although I think there are payments systems that convert to USD on the spot, but IDK tbh. From what I understand that is how it works for the NYC landlords/schools or Lambo dealers and Tesla that take bitcoin.
I will stick with real estate and stocks. I am an investor not a speculator. Good luck.
Seems reasonable. I am not sure if these are investments or another payment option or both. But I think the majority are not adapting to say the least.
Lender · Everett, WA · Member since 2019 · 55 posts · 25 votes
7y
@Matt R. Blockchain tech will forever change payment processing on a global scale. As far as bit coin, I could only speculate. My angle is to watch companies that are investing in Real Time payments v. Bit coin. RTP is supported by The Clearing House. Hold on and get ready for light speed payments!
@Matt R. Blockchain tech will forever change payment processing on a global scale. As far as bit coin, I could only speculate. My angle is to watch companies that are investing in Real Time payments v. Bit coin. RTP is supported by The Clearing House. Hold on and get ready for light speed payments!
I can understand the cross border payment advantage, 7% vs zero% fee, the rest I am not upto speed.
Rental Property Investor · Australia · Member since 2019 · 36 posts · 44 votes
7y
Imagine a global currency that cannot be manipulated by a government. No one can print more of it. It is of a finite quantity. This is not standard. This is not what you have been conditioned for. This could decrease the control over the powerful and open the world up in ways unimaginable. Are you scared? You should be. Are you excited? You should be.
I will stick with real estate and stocks. I am an investor not a speculator. Good luck.
Not to pick on you Craig but an "investor" should be riding this bull market to some ABSOLUTELY RIDICULOUS PROFITS. ;)
My ROI so far is 52.5%. It has CRUSHED my dividend portfolio. Started buying at $3700 near the bottom through shear dumb luck. Been taking profits along the way and will do so until the trend ends. I plan to pull my principle investment sometime soon and keep a balance of it. If any of you are traders (day or swing) you have missed a wet dream.
I would highly suggest looking into the technology and at least making an attempt to understand it. This technology is very interesting IMO.
Imagine a global currency that cannot be manipulated by a government. No one can print more of it. It is of a finite quantity. This is not standard. This is not what you have been conditioned for. This could decrease the control over the powerful and open the world up in ways unimaginable. Are you scared? You should be. Are you excited? You should be.
I made decent money off a very little initial bet (into the 5 digits) on the last Bitcoin bull run. Paid my wife’s BMW off in full. Dabbled in a couple of big name ALTs before they blew up and crushed it (LTC, XRP, etc). Got very, very, lucky on those.
Have a friend who made so much (mid 6 figures), he took his money out of BTC, paid his taxes, and actually invested in a local brick and mortar bank startup...ironic.
I will stick with real estate and stocks. I am an investor not a speculator. Good luck.
Not to pick on you Craig but an "investor" should be riding this bull market to some ABSOLUTELY RIDICULOUS PROFITS. ;)
My ROI so far is 52.5%. It has CRUSHED my dividend portfolio. Started buying at $3700 near the bottom through shear dumb luck. Been taking profits along the way and will do so until the trend ends. I plan to pull my principle investment sometime soon and keep a balance of it. If any of you are traders (day or swing) you have missed a wet dream.
I would highly suggest looking into the technology and at least making an attempt to understand it. This technology is very interesting IMO.
Investor · Worcester County, MA · Member since 2016 · 122 posts · 72 votes
7y
@Zeke Tessmer
I agree. I think bitcoin may be a good store of value for people who live in countries where there are few alternatives. People who want to keep money outside their government's control and away from quickly devaluing currencies.
There is zero chance in hell I would take rent in a "currency" that can have 2X swings in a month. Who would ever think basing your business and income off of something so volatile is a good idea? In the next year the odds of it hitting $2k and $20k are about the same, I'll take a hard pass on it until it is stable
Right on, although I think there are payments systems that convert to USD on the spot, but IDK tbh. From what I understand that is how it works for the NYC landlords/schools or Lambo dealers and Tesla that take bitcoin.
There are apps to convert to USD immediately at the going rate, minus fees but then you're not paying in Bitcoin, you're paying in USD, so why have the Bitcoin in the first place?
Imagine a global currency that cannot be manipulated by a government. No one can print more of it. It is of a finite quantity. This is not standard. This is not what you have been conditioned for. This could decrease the control over the powerful and open the world up in ways unimaginable. Are you scared? You should be. Are you excited? You should be.
Umm but that isn't true. More Bitcoin are printed ever day, they call it mining. There are also many things in this world that are finite and hold zero value, there are also things that are finite and hold value that you should actually put money into like …. real estate!
I will stick with real estate and stocks. I am an investor not a speculator. Good luck.
Not to pick on you Craig but an "investor" should be riding this bull market to some ABSOLUTELY RIDICULOUS PROFITS. ;)
My ROI so far is 52.5%. It has CRUSHED my dividend portfolio. Started buying at $3700 near the bottom through shear dumb luck. Been taking profits along the way and will do so until the trend ends. I plan to pull my principle investment sometime soon and keep a balance of it. If any of you are traders (day or swing) you have missed a wet dream.
I would highly suggest looking into the technology and at least making an attempt to understand it. This technology is very interesting IMO.
For every one of you, how many invested at $10k or $20k with money from a second mortgage or credit card? You said it yourself, it was luck. I have many friends that owned a lot of it and told everyone to get in, even when it was $20k. Some sold off and are happy, most insisted it was going to hit $100k and now have a monthly payment they can't get rid of until they break even with interest if Bitcoin ever hits $20k again. When the next downturn happens, I am real curious how low Bitcoin gets
Rental Property Investor · Pittsboro, NC · Member since 2016 · 97 posts · 85 votes
7y
Brian
Bought with money I set aside for investing in dividend stocks every 2 weeks. Just like anything else I looked into it, like you would a stock or an income property, and made a decision from there. My timing happened to be great. Investing with credit cards is crazy IMO. Sounds like your friends didn’t do their due diligence...