All Forum Posts by: Greg Moore

@Tucker Cummings thanks for quantifying your mix. That is the kind of advise I was looking for when I started the thread 7 months ago. Back then, I knew almost nothing about crypto currencies. I studied the topic a lot, then formed a plan that balanced my risk tolerance with my goals, and then executed the plan.

I smashed the financial goal I set and was able to pay cash for a small rental property a few months ago with the proceeds w/o touching my initial investment into BTC and ETH. So now I have a cash flowing property created out of the ether (literally and figuratively).

If I can repeat this playbook, I will for as long as BTC grows so rapidly. And when it goes to zero like the bears on this thread are predicting, I’ll have several rental properties courtesy of Bitcoin. I’d much rather own real estate than Bitcoin. But I’m also fine with Bitcoin funding my real estate! It feels like an asymmetrical bet — the kind Stig talked about on the “We Study Billionaires” episode of the BP podcast.

@Alexandre Marques dos Santos there is an emerging feature of select crypto currencies called “staking” wherein a buy-and-hold investor can earn interest on the portion they commit to holding (eg 32 ETH are required to earn money on the Ethereum network). I haven’t tried it yet because I’m still learning. I think the going rate is 8%, which is the same Pref I look for on my real estate syndications, so it’s becoming more attractive to people seeking interest on their money. Anyhow, thank you for weighing in with your views.

@Bryant Clark I'm a neophyte on cyrpto so I'm not qualified to answer your question. But in my neophyte view, the answer to your question is possession of something that there is higher demand for than there is supply.  

If we can agree that 'knowledge' is an asset (an intangible asset) then there may be some common ground in the view that those with unique knowledge that is in low supply but high demand get paid more for their knowledge than those with common knowledge that can be obtained anywhere or from anyone for free.  Similarly, the moment Elon confirms he has successfully tapped the enormous supply of gold in the meteor and will be shipping it by the rocket ship back to Earth, the supply of gold will far outweigh the demand and the price per Troy ounce will drop.  And the moment the US declares BTC illegal, or China establishes a global digital currency that replaces BTC as the new digital currency to hold, the BTC will plummet and demand evaporates.  And the moment someone discovers toxic chemicals in the ground on a property you own the value will plummet b/c no one will want it.  Both tangible and intangible assets are slaves to supply and demand, and we homo sapiens seem to assign value to things that are in low supply and high demand regardless of tangibility.

@Taylor Austin thanks for sharing these resources. I have been following Anthony Pompliano as part of my research into BTC, Blockchain, and other cryptos. His discussion with Kiyosaki was great. Thanks again for weighing in on this thread.

@Alexander Szikla only time will tell. I could argue even the case for gold is relative. Elon Musk has his eye on a meteor with confirmed gold reserves sufficient to make every human being on earth a billionaire. That would wipe out the “gold is limited” story for centuries. And if anyone in our lifetime can pull it off, it’s Elon! Then again, maybe his exploration of the meteor might throw it off its orbit and cause it to crash into Earth and wipe out my real estate. Only time will tell.

@Sterling Wyatt great response Sterling. I’m with you on the importance of understanding the basics. The steps you described mirror the steps I’ve taken the past 7-8 months since I jumped in. Fidelity Investments advised 5% allocation. I’m probably more comfortable with low single digits. The only challenge I’ve been running into is the cyrptos grow so darn fast the percentage keeps becoming a bigger piece of my portfolio than I want it to be. That’s when I move some out and into RE. I’ve grown to like this cycle of “free capital!”

@Justin G. This is a GREAT thread! Thank you for posting. I love Kiyosaki’s The Real Book of Real Estate. I use it as a reference book and go back to it often. Following this thread for future reads!

@Charlie Chapman if you kept your BTC from the time of your post until now, congrats on creating $100k of profit to invest as you see fit!

Thanks @Jon McCarron - I heard that Podcast with Stig. I got a lot of insight out of it. 

@Nathan Gesner - My purpose in starting this thread 7 months ago was based the changes occurring at the time due to COVID.  Real Estate expert Ken McElroy was advising to wait to buy Real Estate, and I wanted to know what other Real Estate investors were considering as places to put their money if Real Estate was really going to go into a down cycle. (Obviously that didn't happen).  Now, 7 months later, Bitcoin is funding my real estate investments, so (for me) the thread is highly relevant to real estate investing.  What I didn't know at the time that I started this thread was that the opinions about BTC run strong both ways: the bulls are excited, and the bears assert their positions about how foolish it is.  If my comments have come across as insulting, I apologize -- not my intent. I enjoy a healthy debate and learned a lot from this thread 7 months ago and continue to learn from it today!

@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!