Open discussion:
Do you only ‘invest’/save in Bitcoin or do you have other investments besides Bitcoin.
If yes, what and why
Discussion
Very simple bitcoin only. No other investments… Except for one property. However, I see this as a long-term "use good".
Yep I don’t see your own property as an investment either. It’s a scam that our system thaught everybody to save/invest in property.
Thanks for sharing
Beside of #btc I have some analogue cameras and a house I don’t pay any mortgage or other crap. It’s just mine.
I consider my family also as investment to my life…
Beautiful said!!
Pure low time preference
Only real estate 🏡 besides bitcoin. All my stocks, gold and other bank 🏦 trash sold long ago.
Your conviction is scary. Why not diversify in 10 microphones 🤣
Bitcoin is more than 10 mics
Property you need to live with fam in.
Another property is passive rent income.
True although I disagree with people who say the house they live in is their investment 😅
House is for living, not investment.
Second property is investment, so far, at least to generate some income…
… to buy bitcoin.
Agreed 🤝🏼
Why? Because they use it instead of renting?
No because you always need to live somewhere. If your house goes up in value with 50% the rest of the houses would also have gone up with 50% so it’s just nominal gains but no real gains.
What if your area increases more than others? What if you do work on the house and increase it through that? When does an investment have to generate profit and what if it decreases your cost of living. I dont own my house anymore but I think your own house can be an investment even if you live there. Mine was so far financially the most impactful investment I have ever made.
Good point and I agree in some examples but the thing I have a problem with: I have a house in a popular area. My house increases more in value than the houses in for example more criminal areas. 100% true. But are you going to sell yours and move to a more criminal area? Are you gonna move to a smaller house? Are you gonna move to a less luxurious house? I don’t think so. Because going up in lifestyle is way more easy than coming down.
I see it as an investment in your life and joy in life. But please don’t buy a very luxurious house, put all your income in a mortgage so you can barely buy it and say then that it is your investment. It’s just a lie people tell themselves.
Rather have a more decent house, less luxurious and a bit smaller. So you can invest the rest of your money and enjoy a bit of the things in life.
Agree 100%
That’s true. But you can always sell your $2M house to buy a small hut by the side of the beach in Costa Rica!
Agree on that! But I don’t think that this is the case for majority of people 😅
It is and it isn’t. I’d it’s more than you need/will need, then the difference between its sale price and the purchase price of a house that just meets your needs is your investment. I did this. Worked out well for me. Bought me a nice stack of corn with it. #btc
Thoughts on this? Found it pretty persuasive. China has been accumulating gold for years, and their (or Russia's) adoption of the gold standard would be more damaging to the US than any war:
https://www.zerohedge.com/geopolitical/golds-imminent-return-money
I still hold a very small portion of my portfolio in gold. I do believe more in Bitcoin but that doesn’t mean that I need to abandon gold in my opinion.
I do have a high cashflow industrial property because I got a REALLY sweet deal and did a fiat-minded over 100% LBO 🤷🏻♂️
Interesting 🤔
Thanks for sharing
ROE is infinity and ROI is around 25%
Class of 2017 bitcoiner, I have enough (though still stack) that when btc moons I’ll be fine, but I own probably equal real estate that I had before #btc. Either way the world goes, I’m good.
I wouldn’t recommend new real estate now though — prices too high. Wait until btc demonetizes it then jump in.
0.25 bitcoin for each basic house within the next 8-9 years I’d conservatively bet. Probably sooner.
I don’t own anything else really. Investments are things that generate a return, and Bitcoin doesn’t do that. Bitcoin will allow you to make an investment at an opportune moment though. Maybe start a business you always dreamt about… something productive.
I don’t have any fiat cause my stack is so small that I couldn’t pay for any emergency with it.
It’s never a bad idea to have a small emergency fund
Yes, in theory it is. But I have a good health care insurance, I’m young, no kids, in plenty capability of working, and any money I’ve got has to be invested or saved.
Can’t save in pesos (100% inflation YoY).
Won’t save in other painted paper.
I really see Bitcoin as my savings. Won’t help me in the short term, but with my little money a dollar on my mattress won’t help either.
Can understand it! Thanks for explaining!! Keep it up mate! 🫂