Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
About 13 months ago I posted the same question when bitcoin was 10k. I wanted to check back again and if there was any difference in temperature sort of speak as far as collecting rents in bitcoin or any other new perceptions as it applies to RE investing etc.
Side note bitcoin is 48k at the time of post but what's a few thousand between RE friends...
Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
5y
The problem is that there is SO MUCH volatility you can not use it as a medium of exchange for anything. Oh wait, you can't use it anywhere anyway.
By the way, I am starting $RickCoin$. It is soooo rare, there are only 1 million of them available. Come get yours now. They are worth the equivalent of $100(very cheap for a limited time only), but will no doubt go up in value immediately!! Hurry!! Call me and I will give you my cash app info.
The problem is that there is SO MUCH volatility you can not use it as a medium of exchange for anything. Oh wait, you can't use it anywhere anyway.
By the way, I am starting $RickCoin$. It is soooo rare, there are only 1 million of them available. Come get yours now. They are worth the equivalent of $100(very cheap for a limited time only), but will no doubt go up in value immediately!! Hurry!! Call me and I will give you my cash app info.
I like it and if Elon would put 1.5 billion in you are set. As far as using it, I think the option is converted to usd upon receipt although this might be short sighted thinking in the current climate perhaps.