Post
Topic
Board Bitcoin Discussion
Re: Downsides to HODLing bitcoin as an investment
by
ranochigo
on 07/08/2024, 04:04:16 UTC
ok yes, i didn't realize there was something called "depreciation recapture". that can be avoided though by doing a 1031 exchange. if you're still wanting to stay in the real estate game. not if you are just looking to cash out. but if you're looking to cash out, in real estate, you can pull  out cash tax free by refinancing. you can't do that with bitcoin. unless you turn over your bitcoin to a custodian. and then it's no longer under your control.
That sounds like a lot of middleman fees ain't it. Have you tried out real estate investments yourself? Larry, could you share how easy and practical is it for you to invest in real estate? Of course, include upfront capital costs, upkeep, bookkeeping expenses, taxes, etc.

From what I'm hearing now is that it all seems to be a rather complicated process for very little gain. I would appreciate a little bit more clarity on this regard, not just hypothetical scenarios.

i never see real estate gurus and investors talking about how they want to invest in bitcoin...to me that must mean they think real estate is more profitable and sure thing. any money they get they're looking to buy another house not some bitcoin.  Shocked
I wouldn't think that someone that makes a living on hyping up real estate openly stating that something else is a better investment option Cheesy.

1. Well, yeah. It's decentralized, no one will pay you dividends.
yeah and i don't like that.  Angry
That's the end of the topic isn't it? You're chasing vastly different stuff. You should be comparing apples to apples, not trying to counter every decent point with something else. Seems like you have an opinion formed already.
Not anymore. Bitcoin might have a price change of up to 10% in any given day but I think we would all agree that a price swing of 10% is probably not the norm. It's probably more like between 1% and 2% which is kind of inline with your average stock in the stock market...
Have you seen the YoY performance of Bitcoin vs S&P?