From investor perspective, rental yield going down alone is not the primary factor of concern.
Let's say you buy a rental property, and get 6% yield a year. After 5 years, you already getting back 30% of the capital.
A 30% price correction will only set you back to square one and you are still getting return back every year in the form of rental. 10 more years and you will most likely be ahead of the game in term of profitability.
It's might be a good investment until it isn't. So it wipes out all of your rental earnings of the past 5 years. When you see the prices being that high I don't think it's wise to invest any more. In fact, I'd be divesting instead. Because when it pops I might not be able to sell fast. but i still have somewhere I can live, versus say bad share investment. Yep, but if we talk about proper money management it's a weak excuse. Sadly, no good asset is able to provide a good yield right now because of low interest rates environment. Are you talking about houses or Hashlet Primes from your sig? Better sell that account before the bubble pops! Yeah, lol. But my account is not an investment anyway, so nvm  Sydney houses have returned 60% over the last 3 years, tax free if you live in it. That's pretty good return. Quite a few suburbs have done 30~50% in the last year alone |
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if it ever gets to 1k again will be a miracle..
if it never gets to 1M it will be a miracle.. FTFY |
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What will you do when BTC is 1M USD today's, 2014 buying power each?
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the bear will have the same story in each price bracket, the price will fall. 0~$1 1~$10 $10~$100 $100$~1000 now. $1000~$10K $10K ~ $100K $100K ~ $1M The bear will be right between every bracket the price will go down, overall the the school of Hodl will prevail by orders of magnitude. A significant number of bears will be slaughtered each time when they miss the order of magnitude jump, their  small 2x 3 x of gains will be insignificant. Of those residual bears they will get slaughtered on the next order of magnitude, and some bears slaughtered twice as they continue being bears and miss out twice or thrice. Eventually then most bears will disappear. The majority of bears that continue on will be bulls who pick the right time that BTC has hits saturation uptake. The more I look at alts, excepting a few, every IPO wants one thing....BTC. Every IPO strengthens BTC as its position is entrenched However at least BTC Bears have BTC. The biggest bears a certain state actors who hold FIAT only. |
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any coins stored on any service are not your coins.
unless you have full control of private keys, generated offline, and enter them to a clean linux install that never touches the internet, eg signed transactions, you will be likely hacked. Sure use an online wallet for very small amounts for convenience, eg you can afford to lose $10, just remember in 4 years that $10 could be 1~10K.
/thread
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From investor perspective, rental yield going down alone is not the primary factor of concern.
Let's say you buy a rental property, and get 6% yield a year. After 5 years, you already getting back 30% of the capital.
A 30% price correction will only set you back to square one and you are still getting return back every year in the form of rental. 10 more years and you will most likely be ahead of the game in term of profitability.
It's might be a good investment until it isn't. So it wipes out all of your rental earnings of the past 5 years. When you see the prices being that high I don't think it's wise to invest any more. In fact, I'd be divesting instead. Because when it pops I might not be able to sell fast. but i still have somewhere I can live, versus say bad share investment. |
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I h8 to say it but this two weeks looks to be endlessly extended
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I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.
wtf? its very fast confirmations by design, I know I m mined this on 6 x vm's in the first few days Faster transaction confirmations: Since Primecoin blocks are generated 8 to 10 times as fast as Bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast |
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Australia has a multi tiered system to support house prices unlike anything else in the world asfaik
eg at least in canada housing wentt down or was level or just 4% the last few years. Sydney went 12~15% again last year.
One of the most ubranised counties in the world. There is nothing outside the 5 major cities.
>Negative gearing, tax breaks on your income if you own an investment property and it makes a loss.
>100% tax free when sell on profit if you lived in the house
>0% land tax if you live in the house.
>social security underwrites the entire lower end of the market, eg tax supported.
>No public housing for people to move to
>people who are in the country moveing to cities.
>popular with overseas immigrants and investors, and they have only really heard of Sydney.
>banks won't loan to you if you buy in many rural areas.
>Politicians have substantial property interests
>Banks are forced by gov to make a deal if too many people go to the wall. Last time this happened was in the 80's when interest rates went to 13~16%. Gov stated banks would not forclose but let people of until they could pay.
>crap transport do you cannot live out of the central near cbd areas, beyond 15km its impossible.
>finally limited land supply in Sydney, makes Sydney even worse.
To give you and idea of how urbanized Australia is
population of western Australia 2,517,200 (4th)
population of Perth, the capital city, `1,972,358
No other country I know of has any where near this mix of prop property.
It shows to in the GFC Australian prices hardly fell (1%), were stable or went up. Whereas UK, and US fell alot
Thus its much safer to have a large home loan than not, as it put you in the important class of people to the gov and you get all the tax breaks.
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I thought the last bit was pulled, a couple of K....
I kinda think this actor had shorted that market near 275 down to 1xx or something in a big way and had the back up plan they could just whale wall it down if they needed to....
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Someone's gonna be crying like a baby when they recall they lost 30,000 BTC at a lousy $300 each!
this, i mean at 100000 per btc, 10e5 x 30e4 = 300 e19 = 3e11 = $300 M. yep just blew through near of $1/3B |
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It would be silly if we think this can change Amazon's opinion toward Bitcoin, even if this petition can reach 50,000.
Trying browsing "Recent" section, you'll see all the "petition sites" are full of stupid demands.
We don't know what Amazon's opinion of Bitcoin is, apart from speculating about it. This could be a gauge of interest. You would need a lot more then 5k signatures to get amazon to know that there is serious interest in people paying with bitcoin on their website. They selling items to millions of people every day and if they sold items to 5,000 users every day in bitcoin it would probably not even be worth their time for every person that signs, 10 more would use but did not sign. So its more like 50K people would use. |
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can you imagine the selling pressure, down to $100.
Short term spike, then sell down, then maybe rise.
I just don't know why BTCrs think retail adoption will help price much.
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More merchants accept bitcoin payment, more bitcoins are converted to fiat once bitcoin payment is made.
This is a flawed argument. How are "bitcoins converted to fiat"? Is there some entity that produces fiat, exchanges it for bitcoins, and destroys the bitcoins, forever removing them from the market? No. The bitcoins are sold for fiat. Which means that somebody buys them. There are two sides to every transaction. The increased Bitcoin payments only increase the velocity of Bitcoin - i.e., more bitcoins are changing hands. By itself, it cannot cause the price to fall (or rise). There are other factors involved - the supply (as miners are mining new coins) and the demand to hold Bitcoins vs the demand to hold fiat. Price movements are caused by the pressure differential between buyers and sellers - not by the buying or selling alone. yeah but not totally flawed EA's have bulk coins and just cash out into the market as will where there is more to spend on. So it will drive price down inmho but long term help as coins get diversified. |
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People looking at FIAT prices and caring just don't get BTC.
Buy BTC as a one way ticket, do not repatriate to FIAT.
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when the bears come out in numbers I buy,
weak hands is the antonym of bagholder.
I would not sell at any price as I am in BTC forever, its not going back to FIAT.
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When will the original stakeholders be getting their PM containing their token? Cheers.
It will still be a bit longer. Not determined yet but likely sometime this month. Most definitely sometime this month hopefully by the end of this week. This also means that the stakeholderlist needs to be final by prob friday. Any isssues that have not been resolved will result in lost stake. what sort of problems with the stakeholder list are there I thought it was all done. |
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I'm not anti ripple, but can some one explain how the UNL is not centralized.
Essentially unless you make it onto the UNL list, the ripple running servers don't include you.
How do you get on the UNL, well the others or majority of existing servers have to decide to add you.
Unique Node List = UNL
The UNL is not unique to the entire Ripple network. Each validator gets to choose which other nodes are placed in its own UNL. That is, each node operator chooses who to trust. The "unique" terminology comes from the idea that the validators that you place in your UNL should be unique entities, so that you don't fill it up with nodes controlled by a single agent who might have his nodes collude against you. It is fine that you don't trust the nodes in your UNL as long as you trust that they won't collude against you. You might not trust either the Road Runner or Wile E Coyote, but you can trust that they won't collude against you, so it would be OK to add both. See thethe Ripple Consensus white paper for a more formal description: https://ripple.com/files/ripple_consensus_whitepaper.pdfbut what if the majority of existing UNL dont wish to include you can not just opt in like BTC/POW or Peercoin/POS as I understand. |
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I'm not anti ripple, but can some one explain how the UNL is not centralized.
Essentially unless you make it onto the UNL list, the ripple running servers don't include you.
How do you get on the UNL, well the others or majority of existing servers have to decide to add you.
Unique Node List = UNL
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is it decentralized ripple, eg with out the dodge unl server list requirement.
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