Quote from: paxmao on September 14, 2021, 11:01:31 AM

Quote from: JRoa on November 18, 2020, 02:41:58 PM

For me it is not about what is better between real estate and bitcoin because it is about if we are being profitable in the certain investment that we are currently doing, why keep debating on what's better if you can make investment in both bitcoin and real estate? Both of them are one of the best financial instruments in order to achieve financial freedom. I have bitcoins but I doesn't have enough buying power for me to purchase real estate and for me it is really good to have piece of land because its value it keep increasing over the period of time. When it comes to volatility, the bitcoin for sure is more volatile so it is the reason why I first make investment to it than in real estate.

Real state is by far to slow to reach financial freedom in most cases. You need quite a significant seed, maturation times are in the range of several years and a downturn may catch you at any time with too much leverage eating up the profits of many years of hard work and investment. Bitcoin is more easy going, but is also only for people who understand that the ride is not going to be smooth and that there will be lots of volatility which in real state also exists, but is not as evident.

There's not nearly the volatility in real estate that there is in bitcoin, not by a long shot. Real estate only moves significantly when there are large macroeconomic changes, like the housing/financial crisis in 2008 and now the shortage of housing that has driven up housing prices during the pandemic. Absent really large macroeconomic changes like this, real estate is pretty stable.

Also, expecting to reach financial freedom easily or quickly is setting yourself up for a world of hurt, as if you expect your investments to do this you're likely in things that are far more risky than you will ever understand, or you just have absolutely no idea how the world works. Crypto has ruined people's expectations of what is realistic, because the idea that you are likely to become "financially free" with anything other than decades of diligent work at it is a pipe dream. But bitcoin is so popular precisely because becoming easily rich is undivorceable from the concept of bitcoin it at this point, and it's just insane how many people unquestioningly buy into it.