mindrust
Legendary
Offline
Activity: 3332
Merit: 2478
”We’ll send someone to the moon.” —DJT
|
|
September 02, 2019, 05:28:45 PM |
|
One more BTC bull run and that's it. I'll be unemployed, living on passive income just like makrospex.
Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc. BTC is a hard money, but you need to exchange it to soft money to live off of (for now). That's right. Sadly I'll have to break some bitcoins for FIAT to make that possible. (Depends on the investment, probably all, but 1) I haven't decided what to do with the (imaginary) money yet. Maybe buying a few flats and renting them away to the wage slaves. The easiest, o brainer, but a bit disgusting way to do it. What other passive income ideas have you got? Help me out! I am starting to think even $1m won't be enough to live free. Maybe I aimed too low. Shoulda aimed for $10m instead. :d Aand its going up, need to buy more before it leaves the surface of the earth completely. This is one of the questions I am pondering as well. A modification of your plan: buy vacation properties, then hire a management company to deal with them. vacation properties in good vacation spots in US have a 5%-10% (of the property cost) yearly cash flow.Considering that with good credit score you'll need to put down only 5-10% of the property cost, it does sound interesting (not my idea, but i kinds of like it). Another advantage: you get to go on vacation at your own property where you carve out a week or two for yourself, At some point we all are going to realize there isn't "easy money" probably. (at least easy streaming money) BTC is the easiest money I've known so far. I made nearly as much (or more) money in 2 years from BTC by DCA'ing with pocket money than what I got from my job in 7 years. Buying and renting properties is not really "passive". As others pointed out above, it is just another business where you still have customers. Maybe It will be a better business than what you have now, maybe not but it is not really "passive" Passive means "no effort" You spend effort to collect those damn rents.
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
September 02, 2019, 05:28:46 PM |
|
is it safe to invest in btc now?
No, it is too risky! But you risk even more if you don't have any bitcoins!
|
|
|
|
_javi_
|
|
September 02, 2019, 05:29:13 PM |
|
Happy 10k again!
observing moonshoot 10107 usd at bitstamp
take it easy, corn! slow and steady...
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2562
Merit: 2256
$120000 in 2024 Confirmed
|
|
September 02, 2019, 05:29:22 PM |
|
if the hurricane destroyed the private keys, that's a good reason Apparently his dog ate his paper wallet
|
|
|
|
Torque
Legendary
Offline
Activity: 3640
Merit: 5179
|
|
September 02, 2019, 05:32:20 PM |
|
If everything around you is going up in price, as you hodl your [safe] fiat, that should be a huge red flag to you.
Ask a Venezuelan or Argentinian.
|
|
|
|
Biodom
Legendary
Offline
Activity: 3836
Merit: 4178
|
|
September 02, 2019, 05:34:24 PM Last edit: September 02, 2019, 06:10:13 PM by Biodom |
|
The most lucrative RE in the future will be Senior housing complexes and near retirement housing complexes.
The second most lucrative will be young professional apartments in major city hubs.
Because neither of these two groups will be able to afford houses in the future, and likely won't even want them.
This seems to be correct. I see several multistory (17-20 stories tall) retirement buildings under construction smack in the middle of the otherwise healthy area in my city. Luxury apartments for seniors (independent living, but with some medical staff, etc). Second also correct, many such buildings are going up like mushrooms. However, perhaps a bit too expensive a project to take on as a hodler/developer.
|
|
|
|
Biodom
Legendary
Offline
Activity: 3836
Merit: 4178
|
|
September 02, 2019, 05:37:34 PM |
|
One more BTC bull run and that's it. I'll be unemployed, living on passive income just like makrospex.
Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc. BTC is a hard money, but you need to exchange it to soft money to live off of (for now). That's right. Sadly I'll have to break some bitcoins for FIAT to make that possible. (Depends on the investment, probably all, but 1) I haven't decided what to do with the (imaginary) money yet. Maybe buying a few flats and renting them away to the wage slaves. The easiest, o brainer, but a bit disgusting way to do it. What other passive income ideas have you got? Help me out! I am starting to think even $1m won't be enough to live free. Maybe I aimed too low. Shoulda aimed for $10m instead. :d Aand its going up, need to buy more before it leaves the surface of the earth completely. This is one of the questions I am pondering as well. A modification of your plan: buy vacation properties, then hire a management company to deal with them. vacation properties in good vacation spots in US have a 5%-10% (of the property cost) yearly cash flow.Considering that with good credit score you'll need to put down only 5-10% of the property cost, it does sound interesting (not my idea, but i kind of like it). Another advantage: you get to go on vacation at your own property where you carve out a week or two for yourself, At some point we all are going to realize there isn't "easy money" probably. (at least easy streaming money) BTC is the easiest money I've known so far. I made nearly as much (or more) money in 2 years from BTC by DCA'ing with pocket money than what I got from my job in 7 years. Buying and renting properties is not really "passive". As others pointed out above, it is just another business where you still have customers. Maybe It will be a better business than what you have now, maybe not but it is not really "passive" Passive means "no effort" You spend effort to collect those damn rents. you don't spend much effort if it is a vacation house as it is going either through management company, airbnb, vrbo, etc. At least, this is my understanding of it. So far I was only the vacationer in those, though.
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4088
Merit: 4699
You're never too old to think young.
|
|
September 02, 2019, 06:06:14 PM |
|
Less than half are wage slaves? That's a good thing.
|
|
|
|
makrospex
Sr. Member
Offline
Activity: 728
Merit: 317
nothing to see here
|
|
September 02, 2019, 06:06:14 PM |
|
^ Breakout.... i’m the last person able to do this ........ I almost went blind trying to read that, ha ha you can avoid that, just quote the message and read properly ...or copy/paste into a text editor.
|
|
|
|
Biodom
Legendary
Offline
Activity: 3836
Merit: 4178
|
|
September 02, 2019, 06:07:09 PM |
|
^ Breakout.... i’m the last person able to do this ........ I almost went blind trying to read that, ha ha you can avoid that, just quote the message and read properly right, that's exactly what i did, hence the prior post
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2100
Merit: 1489
We choose to go to the moon
|
|
September 02, 2019, 06:12:22 PM |
|
Maybe lucrative at first, but eventually they'll build too many "young professional apartments" buildings in one city, and crash the market.
|
|
|
|
SuperTA
|
|
September 02, 2019, 06:18:32 PM Last edit: September 02, 2019, 06:41:40 PM by SuperTA |
|
Less than half are wage slaves? That's a good thing. This must be an older graphic, the user base has definitely grown hasn't it? *I fell extremely into this graphic except for the religious aspect, which I find quite surprising. Yes, it's pretty old. From 2013. But i think that my hat would match with his jeans. https://www.zerohedge.com/news/2013-03-10/demographics-bitcoin
|
|
|
|
Saint-loup
Legendary
Offline
Activity: 2688
Merit: 2406
|
|
September 02, 2019, 06:19:16 PM Last edit: September 02, 2019, 06:34:12 PM by Saint-loup |
|
is it safe to invest in btc now?
Yes I think it's currently pretty safe. The mining profitability is still low and the hashrate doesn't stop to rise, so I think miners won't be able to sell their btc at those prices very long In brief, I think bitcoin is a little bit undervalued in relation to its real cost at the moment. https://bitinfocharts.com/comparison/hashrate-mining_profitability-btc.html#3m
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3892
Merit: 5188
Doomed to see the future and unable to prevent it
|
|
September 02, 2019, 06:22:51 PM |
|
...... or that I should do a podcast. Hahahahaha. Regarding the podcast...<blah blah blah>
Jay, with all due respect, if you ever did a podcast, please post the link in here...I have trouble sleeping.... I use this channel for that. https://www.youtube.com/watch?v=3vQwGGbW1AE
|
|
|
|
DeathAngel
Legendary
Offline
Activity: 3192
Merit: 1604
#1 VIP Crypto Casino
|
|
September 02, 2019, 06:27:24 PM |
|
$10,167
Above $10,000 again but for how long this time, can we say goodbye to 4 digits forever?
Probably not!
|
|
|
|
mindrust
Legendary
Offline
Activity: 3332
Merit: 2478
”We’ll send someone to the moon.” —DJT
|
|
September 02, 2019, 06:29:34 PM |
|
$10,167
Above $10,000 again but for how long this time, can we say goodbye to 4 digits forever?
Probably not!
If we manage to break $11200 and stay there for a while, I'd say yes. Anon's 3rd prophecy is about to become true. Anon 2020!
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4088
Merit: 4699
You're never too old to think young.
|
|
September 02, 2019, 06:31:56 PM |
|
This must be an older graphic, the user base has definitely grown hasn't it? 2013 to be exact. Indeed a lot has changed. The age range has expanded considerably and there are many more women involved now, at least where I live. Also the income profile has probably expanded as the Bitcoin community has grown. 6 years ago we were mostly well-educated geeks with comfortable tech jobs, businesses, or retirement/investment earnings. Now there are more students, laborers, pensioners, and others with smaller incomes involved. I'd also guess that "Americans" (North, Central, and South) no longer are in the majority.
|
|
|
|
fillippone
Legendary
Online
Activity: 2240
Merit: 16111
Fully fledged Merit Cycler - Golden Feather 22-23
|
|
September 02, 2019, 06:34:57 PM |
|
Very easy answer. A lot of inverstors simply cannot buy bitcoins, to many difficulties. Technological (how to store them?) Legal/Fiscal (how to pay taxes on them?) Compliance (am I allowed to buy bitcoin? Is it within my management mandate?) Regulatory pressure NOT to be involved in crypto’s Reputational risk Etc Etc This is why an integrated product like the one Bakkt wants to launch is so important from an institutional money adoption perspective.
|
|
|
|
jojo69
Legendary
Offline
Activity: 3248
Merit: 4457
diamond-handed zealot
|
|
September 02, 2019, 07:00:31 PM |
|
|
|
|
|
Indymoney
|
|
September 02, 2019, 07:09:00 PM |
|
Very easy answer. A lot of inverstors simply cannot buy bitcoins, to many difficulties. Technological (how to store them?) Legal/Fiscal (how to pay taxes on them?) Compliance (am I allowed to buy bitcoin? Is it within my management mandate?) Regulatory pressure NOT to be involved in crypto’s Reputational risk Etc Etc This is why an integrated product like the one Bakkt wants to launch is so important from an institutional money adoption perspective. Your many points are valid as I know many peoples they want to buy but have many problems you already mention and they cannot manage them to solve so they are going away from bitcoin.
|
|
|
|
|