So I have a friend who is considering selling a property and to avoid taxes they are talking about doing some kind of 1031 swap thing, and I need some of you real estate folks to tell me how to explain to them that bitcoin is better than real estate (even taking into account this big tax they will need to pay), from the perspective of someone who’s been there, done that, thanks!
Discussion
After many years in bitcoin it’s slowly dawning on me that you can almost never convince people about the benefits of bitcoin. It’s like telling someone that even though they’ve been breathing air their whole lives you know of a superior gas to breathe that will make them healthier, happier and live longer. People smile at you and say “that’s nice but I’m going to stick to breathing air, thanks.” Old habits are hard to change.
I hear you wrt many people, but this friend already has some bitcoin and they are into it, just don’t want to give the govt so much tax on this sale.. I think they are best off taking the hit and buying bitcoin with the remainder but they aren’t so sure, so I just wondered if anyone here has experience switching from real estate to bitcoin (have seen ppl talk about it on twttr some)