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Title: Invest in the "built world" with Bitcoin? Post by: cryptobus200 on July 16, 2021, 03:57:11 PM Found this startup from a post on Reddit. They're trying to make it possible to collateralize your Bitcoin so you can invest in individual commercial real estate assets. Seems like a good way to diversify my crypto portfolio but I don't totally get how it would work. Do you think it's legit?
https://rhove.com/invest-with-btc/ Title: Re: Invest in the "built world" with Bitcoin? Post by: mk4 on July 16, 2021, 04:10:21 PM I did some quick digging, and it seems to be a legitimate platform.
Here are two of the co-founders I've found:
Not that much following(including their business Twitter page @Rhove_App) but them having public profiles should give you a lot of confidence. Calvin Cooper's LinkedIn profile is also followed by Anthony Pompliano so I think that's something? So far I haven't seen any shady stuff from my 15 minutes of searching. DYOR. Title: Re: Invest in the "built world" with Bitcoin? Post by: Sterbens on July 16, 2021, 04:16:14 PM at least we just do some research first, because it involves Bitcoin investment so we also need to be careful even though it looks promising.
you have control over your investment, so use this method as a form of further study before determining where the investment direction will be dropped. all must be based on further research procedures. Title: Re: Invest in the "built world" with Bitcoin? Post by: stompix on July 16, 2021, 04:46:57 PM To be honest, looking at both their news and their posts on social media seems like they are more interested in some sort of social justice war than actually developing something, too much anti-government and BLM shit to take this thing seriously. When you start a business with this near communist idea, then we all know-how is going to end
Quote The problem? Only a small, privileged group of investors traditionally has access to earn value from these assets. In other words, one of the most reliable paths for wealth creation has not been available for those who could benefit most from it. Until now Hmm.. Quote For example, unlike past generations that embraced suburban sprawl, young people are realizing multifamily real estate in dense, walkable areas provides greater long-term sustainability. In turn, commercial real estate developers are adapting by reducing the carbon footprint of buildings. Social and environmental impacts are being considered in public spaces, affordable housing, green buildings, multi-tenant shared spaces, and the renovation of underused assets Yeah, everyone's dream, to live in a 10square foot box on the 347th floor. And not only that, but you will be making money out for hose investments, a lot of money, enough to make you trust your BTC for such investments. I did some quick digging, and it seems to be a legitimate platform. Yeah, the problem is that being legitimate doesn't mean it won't end up in failure. Knotel, legit, 1.6 billion, bankruptcy. RealtyShares, legit, $870 million bankruptcy Putting some betting money you afford to lose in this if you think they offer something other than one thousand startups do, maybe! Throwing BTC at them as collateral, no thanks! Title: Re: Invest in the "built world" with Bitcoin? Post by: mk4 on July 16, 2021, 04:54:18 PM Yeah, the problem is that being legitimate doesn't mean it won't end up in failure. Oh for sure, and that includes literally any single bitcoin custodial platform in general. And not only you'd have to watch out for bankruptcies, but also you'd wish that the platform doesn't get breached by hackers and get your coins stolen. Though some platform does have insurance for potential lost funds, I wouldn't want to deal with those kinds of problems. Title: Re: Invest in the "built world" with Bitcoin? Post by: franky1 on July 16, 2021, 07:30:16 PM using bitcoin to invest in real estate.. pfft
firstly you are not even buying any property from any landlord or the company.. you buying "rentshare" basically you stake some money and you get x% of some renters rent (facepalm) funny part is. you can deposit in $500 a month. but only able to withdraw $500 6 times a year (in short $6k in.. but only allowed $3k out) .. loads more shady wording about 'no partnership' between any entities.. (legal loophole making them not liable to you) so very dodgy investment |