Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SmartGold01
on 12/08/2023, 18:37:28 UTC
I think that my above example (responding to Yaunfitda) kind of addresses these ideas and even similar scenarios... and you seem to even point out that the cost of property ownership might not be getting you as much "returns" as you might superficially believe them to be capable of.. including 2x in 10 years
Well, while I posited that property is also a good way to invest and this depend entire on choice, comfort and the level of knowledge, I never dispelled the risk and uncertainties. In other words, investment in properties has its own risk and the returns may not even guaranteed. As a matter of fact,there have been several cases of scam such as some bad elements selling same property to several buyers and disappearing, level them to face endless legal battle. A lot of people have lost all their savings to issues like this. Conversely, you can never see something like this with Bitcoin as one is entirely in control of his money.

but I still think that bitcoin is a way better investment than property in the coming 10 years..  
I completely agree with you that Bitcoin is better and more profitable. Bitcoin have been around for less than two decades and have experienced astronomical growth in value. With the events lined up for Bitcoin and the popularity it is enjoying, we will see huge and rapid growth in Bitcoin in the new future.


You are absolutely correct, be it landed property they posses the same risk as well, but most times getting a landed properties through a registered agencies are good to be sure of what kinds of properties one is involving themselves with otherwise, bitcoin investment is the safest and most reliable investment on would ever ventured into. Just as you said people nowadays especially those who aren't technologically inclined might not see the benefits of venturing into digital money because they lack focused and foresight to see the future.

When we always know that future is always pregnant and could give birth to a beautiful things which including the progression of bitcoin and entire cryptocurrency evolving the word without any limits, despite SEC and government trying they could do to limits the movement and the growth of bitcoin that doesn't mean today bitcoin isn't the best investment to venture. Yes, people still chooses bitcoin as best and the more the days passes bye the more people keeps flooding into cryptocurrency industry especially acquiring huge volume of bitcoin, while those who aren't financially stable keeps accumulating gradually with the amount they think is best for them to releasing at either every months, be it weekly or bi-weekly as the case may be.

While those who chooses landed properties are in one way facing difficulties, and of course this can't be a thing to do away from because there  must be a risk to face in as much as its involves buying properties from one place to another we must definitely face risk. To reduce and limit such risk is better to change narratives and alternatives to venture into bitcoin and have peace of mind and for that, you must be more stringent with your phrase and private keys or the kind of wallet you choses to be storing your investment according to your buying strategies.