For 14 years already the fans are waiting the discovery of the most important, revolutionary financial change that was going to change the whole world. There is a reason why larger pools of capital don't join. Larger pools are mostly run by professional and highly educated people who understand very well the actual financial systems. Not like the 15-30 year old youngsters that all jumped in massively a few years ago without having any knowledge about financial systems. Over 99% of them never became millionaires. Revolutionary improvements or inventions never needed such a long time to get accepted. These inventions sold themselves as all people understand the benefits of it. BTC has to pay famous people to sell the "product" to the whole world. That's already a bad sign.
The truth of the matter, finance in as markets is mostly bs, the wool is pulled over all our eyes. The markets are run on bs, so crypto is no better, no worse. Only cultists are true believers, no different to religion.
No, the opposite. Waiting for lesser fools who no longer fall for the failing fiat. People who invest in real estate don't necessarily wait for fools. They wait for someone sees a need to store themselves on the property, someone from a growing population to need something from a limited supply. Meanwhile the real estate can be useful for themselves too. Only Bitcoin is arguably better than real estate. I'm not talking about "crypto'" though.
You could be right about that. Although I can make use of my real-estate I also have to pay taxes on it as I wait for it to appreciate. I don't know how I can make use of my bitcoin. Fiat works better for me as a currency. Bitcoin is too volatile as a store of value. It's not bad as a trading instrument.
Technically too volatile for me too, so I've learned to trade. If not trading, getting in at the appearance of a cycle bottom is the next best thing for savings that doesn't need to be used as currency (business operations) in a state more liquid than gold and real estate.
People who argue for real estate as better than bitcoin as investment are disingenuous They conflate investment real estate with residential (utility) real estate Investment real estate such as commercial RE or multi-dwellings are very risky due to their leverage. They have quantifiable metrics, such as cash flow, operating expenses, cap rates, interest rate risk (most are ARM's) Everyone on this ET site should be aware of the turmoil in the commercial RE, and the next bomb to go off quite possibly are the CMBS causing more small (regional) bank failures Even the ultra wealthy are not immune to this debacle, with the BREITS frozen withdrawals, and other such stuff, there's an investment fund that realized hundreds of millions of $ worth of losses in the that sector I'm too lazy to look it up, but someone can google it The people who are arguing, oh but wait, I live in the house, so it has some usage. If the residential real estate was priced according to the utility, then it would trade at less than half, maybe even less than 1/3rd of its overpriced value Residential real estate is the biggest bubble waiting for the greater fool to buy higher Proof? Take a 3 bedroom house that's selling for $1M in a nice neighborhood, and look within 5 mile radius and you can find a 3-bedroom house that's selling for less than $500k in a not so nice neighborhood. Same utility, same roof over your head If you expand that radius to 1000 miles, then you can find a 3-bedroom house that's over 80% less in price with even bigger land Here's a $200M discount on a residential real estate that could not find a great fool https://www.forbes.com/sites/emmare...old-in-the-us-at-295-million/?sh=1974b88817d6
I understand Bitcoin and crypto assets and I understand risks which is why I'm all-in The people who do not understand Bitcoin are too scared of the volatility They choose fiat-currency which has low volatility but 100% guaranteed to the downside ET nocoiner haters have no balls, they have a bunch of foreskins that are shaped into vaginas, if they were not pussies, they would be shorting CME bitcoin futures every chance they get All they do is spread fud but no action, always scared