Economy Bitcoin Doubters, Come Eat Your Crow

Ophydian said:
I’ve always considered real estate as a greater developer of long term wealth than the stock market. You’ll earn better dividends per month on rent and at the end of the day you have an assets that gains value at a respectable rate.
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It's not. The return on the stock market is much higher, especially the longer you measure. The housing numbers get skewed by a handful of extremely lucrative markets. So, unless you're in those markets, the stock market is probably the better bet.
 
THEfightsAREfixed said:
I would say yes of course, I would also say you won't get 2k bitcoins and if you do then it won't be a good buy.

I'm a big bitcoin supporter, I think bitcoin will be around a million a coin by 2030. Probably in the six figures in a few years.

I could be wrong though, wouldn't be the first time.
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You think Bitcoin is going to exceed the total US cash supply within a few years and be near the global M1 supply in 12?

Lol, no.
 
panamaican said:
Avoid section eight unless you absolutely have no choice. For the most part, the tenants are of poor character and you have to jump through far more hoops to get rid of them. The only way it makes sense if if the government portion of the rent is high enough to cover the inevitable headache.
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I’m not a fan myself either. They are the last resort if I can’t rent it out. I have a historical home and they came in to certify it with all sorts of demands to bring it up to code that would require reworking the whole house. Thanks for stopping by. No. A newer house that was built with those codes in mind wouldnt have those problems at least.
 
cincymma79 said:
I’m not a fan myself either. They are the last resort if I can’t rent it out. I have a historical home and they came in to certify it with all sorts of demands to bring it up to code that would require reworking the whole house. Thanks for stopping by. No. A newer house that was built with those codes in mind wouldnt have those problems at least.
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Historical neighborhoods are a nightmare, at least where I live. Only a certain number of contractors approved to work on them so any type of work is expensive to the exterior. Interior no regulations.
 
cincymma79 said:
I’m not a fan myself either. They are the last resort if I can’t rent it out. I have a historical home and they came in to certify it with all sorts of demands to bring it up to code that would require reworking the whole house. Thanks for stopping by. No. A newer house that was built with those codes in mind wouldnt have those problems at least.
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I have three rentals: one is pending sale, one is being readied for sale, the last will be sold if the renters move out.

45% appreciation owning each home a average of just 5 years. Man I don’t know how real estate in your area did the last five to ten years but if you’ve had anything close to that kind of appreciation I’d be interested to hear why you’re not selling.

Wages haven’t gone up enough to allow significantly more appreciation. Massive hedge funds hold portfolios of thousands of single family homes. Who can dump them all at any time. And of course interest rates are going the wrong direction. And the price of rent is directly tied to the home value. If interest rates drive home values lower, because wages can’t support current prices after rate increases, your rent is going lower to.

Then, if you don’t manage them yourself, after paying all management fees, upkeep, and Uncle Sam if you’re making 6% net you’re doing good.

I struggled making the decision to sell my rentals because they were a portion of my retirement plan. But when companies like Exxon & Verizon are paying 4% dividend (and all I have to do is click buy and monitor the company) I couldn’t justify holding them any longer because my time is worth much more than the 2% additional income.

All that said,I’m simply looking for your opinion as to why you feel rentals are still a good bet and openly admit I could be making a massive mistake by selling mine.
 
Lead said:
The it stopped line was addressed to the OP. The op wasn't talking about market cap, adoption, etc. they simply posted the current price per coin which explains my post. It spiked up and dropped and now it heading back to back where it dropped.

If your argument is it is the best to use for the black market, sure man. That isn't something to eat crow over and it's actually another reason I wouldn't expect it to ever have a stable price with that dominating it's use that you are touting.

Getting in before it shot up wasn't dumb. I'm not trying to criticize anyone who did it. I'm actually telling them you won big and are now continuing to dream big and keeping it at hold because you want to believe it's some type of stock that will shoot in value. The problem is a spike in price makes it volatile and have less purpose as a currency again. The thing people holding on to it is the same reason it's bad. Currency isn't something you should feel incentivized to hold on to rather than make actual exchanges and I think that's what the majority of people are doing who aren't using it for illegal means
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What's up with all you bitches talking about eating birds?
 
Letssnuggle said:
I have three rentals: one is pending sale, one is being readied for sale, the last will be sold if the renters move out.

45% appreciation owning each home a average of just 5 years. Man I don’t know how real estate in your area did the last five to ten years but if you’ve had anything close to that kind of appreciation I’d be interested to hear why you’re not selling.

Wages haven’t gone up enough to allow significantly more appreciation. Massive hedge funds hold portfolios of thousands of single family homes. Who can dump them all at any time. And of course interest rates are going the wrong direction. And the price of rent is directly tied to the home value. If interest rates drive home values lower, because wages can’t support current prices after rate increases, your rent is going lower to.

Then, if you don’t manage them yourself, after paying all management fees, upkeep, and Uncle Sam if you’re making 6% net you’re doing good.

I struggled making the decision to sell my rentals because they were a portion of my retirement plan. But when companies like Exxon & Verizon are paying 4% dividend (and all I have to do is click buy and monitor the company) I couldn’t justify holding them any longer because my time is worth much more than the 2% additional income.

All that said,I’m simply looking for your opinion as to why you feel rentals are still a good bet and openly admit I could be making a massive mistake by selling mine.
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I think rentals are a good source of income but also equity. Granted, I do feel the market is going to go down again. So getting out isn’t bad but staying out is. The more units you can get paid off and renting the better. If you’re making 200 a month or something like that it’s probably best to get out. If you can sell them all but keep one paid off you have equity for other loans or at least an asset you can use. Rent will always go up.
 
Quipling said:
You think Bitcoin is going to exceed the total US cash supply within a few years and be near the global M1 supply in 12?

Lol, no.
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Hard to believe isn't it?

Would you have believed a bitcoin would become worth 20k after a guy bought a pizza with 10 thousand of them?

Probably lol, no.
 
THEfightsAREfixed said:
Just a friendly reminder if you would have bought factom off my hot tip on the 19th you would be up 100% now, completely beating the crypto bear market in BTC price and USD

Maybe I just got lucky
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Just an update if you bought factoids on my hot tip on Nov. 18th you would be in 300% profit now.

Lucky guess probably.
 
MTT said:
Miners shut down and difficulty decreases. As it did yesterday (difficulty -15.1%). More ignorance on display.
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Why do you say they're ignorant if they're shutting off their mining rigs?
 
Prokofievian said:
You'll have to excuse my ignorance, but what ignorance specifically is on display?
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The whole bitcoin death spiral narrative.

The negative press lately is that when enough miners shut off the coin will die because the difficulty will be too high to ever find another block.

Every 2016 blocks the difficulty will re adjust based on the amount of hash power. It will go up with a raise of hash power and it will go down when there is a decrease.

Anyone that understands the protocol realizes that not a real concern
 
Letssnuggle said:
I have three rentals: one is pending sale, one is being readied for sale, the last will be sold if the renters move out.

45% appreciation owning each home a average of just 5 years. Man I don’t know how real estate in your area did the last five to ten years but if you’ve had anything close to that kind of appreciation I’d be interested to hear why you’re not selling.

Wages haven’t gone up enough to allow significantly more appreciation. Massive hedge funds hold portfolios of thousands of single family homes. Who can dump them all at any time. And of course interest rates are going the wrong direction. And the price of rent is directly tied to the home value. If interest rates drive home values lower, because wages can’t support current prices after rate increases, your rent is going lower to.

Then, if you don’t manage them yourself, after paying all management fees, upkeep, and Uncle Sam if you’re making 6% net you’re doing good.

I struggled making the decision to sell my rentals because they were a portion of my retirement plan. But when companies like Exxon & Verizon are paying 4% dividend (and all I have to do is click buy and monitor the company) I couldn’t justify holding them any longer because my time is worth much more than the 2% additional income.

All that said,I’m simply looking for your opinion as to why you feel rentals are still a good bet and openly admit I could be making a massive mistake by selling mine.
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Dude also stocks tend to raise their dividends annually. While rents usually don't outpace inflation very much. So you're basically not gaining much in rent. While dividends usually outpace inflation, meaning even year you're getting more after inflation income .
 
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