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Davyd05
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December 27, 2014, 11:14:22 AM |
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Think owning house is more prudent at this stage.
Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc  oh well internet randoms for financial advice is pin the tail on the donkey esque. |
Proud Hodler, neither bull nor bear.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Newbie1022
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December 27, 2014, 05:20:04 PM |
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This poor, poor f---.
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picolo
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December 27, 2014, 05:39:26 PM |
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Think owning house is more prudent at this stage.
Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc oh well internet randoms for financial advice is pin the tail on the donkey esque. If Bitcoin goes to the moon he will be very wealthy. |
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yefi
Legendary
 Offline
Activity: 2842
Merit: 1511
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December 27, 2014, 06:50:26 PM |
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Think owning house is more prudent at this stage.
Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc oh well internet randoms for financial advice is pin the tail on the donkey esque. Yeah, that's what I'd have done. Cash cow right there. Make yourself a slumlord and reinvest the profit in BTC. |
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picolo
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December 27, 2014, 08:02:30 PM |
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Think owning house is more prudent at this stage.
Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc oh well internet randoms for financial advice is pin the tail on the donkey esque. Yeah, that's what I'd have done. Cash cow right there. Make yourself a slumlord and reinvest the profit in BTC. Being a slumlord is a job but you can make 20% a year. |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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December 28, 2014, 02:36:19 AM |
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Name: jgray
Posts: 4
Activity: 4
Position: Newbie
Date Registered: February 13, 2014, 04:23:00 AM
Last Active: October 14, 2014, 07:13:17 PM
I guess his investment isn't as interesting as he thought when he posted the OP.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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picolo
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December 28, 2014, 10:49:47 AM |
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Name: jgray
Posts: 4
Activity: 4
Position: Newbie
Date Registered: February 13, 2014, 04:23:00 AM
Last Active: October 14, 2014, 07:13:17 PM
I guess his investment isn't as interesting as he thought when he posted the OP.
He may have an other account or he has a life and doesn't spend all his time on bitcointalk  |
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riiiiising
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December 28, 2014, 12:31:10 PM |
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More than likely, he's trying to forget that this ever happened.
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DeadCoin
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
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December 28, 2014, 12:40:15 PM |
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More than likely, he's trying to forget that this ever happened.
It's not easy to forget, especially now when it's cold outside.  |
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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December 30, 2014, 07:37:43 AM |
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More than likely, he's trying to forget that this ever happened.
It's not easy to forget, especially now when it's cold outside. He's already stated it was a spare house he inherited.... Why do people all assume he's living in a cardboard box?? Is everyone here a pauper or something? |
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LordSonjai
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January 01, 2015, 07:48:43 AM |
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More than likely, he's trying to forget that this ever happened.
It's not easy to forget, especially now when it's cold outside. He's already stated it was a spare house he inherited.... Why do people all assume he's living in a cardboard box?? Is everyone here a pauper or something? because they are jealous and the fact is that bitcoin is finneh blow in 2015! Happy new year. |
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picolo
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January 01, 2015, 05:36:45 PM |
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More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire? |
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riiiiising
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January 01, 2015, 08:37:44 PM |
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More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire? Only in bitcoin land can a person be "sitting pretty" on an investment that's already lost 50%. So dumb... |
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 01, 2015, 09:07:40 PM |
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More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire? Only in bitcoin land can a person be "sitting pretty" on an investment that's already lost 50%. So dumb... and if its worth 10million usd in 5 years .........was it still dumb ? some people people dont care about the daily price ,theyre in it for the long term like buying a property in the hope it will gain in value over years or storing bars of gold etc |
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picolo
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January 01, 2015, 09:30:35 PM |
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More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire? Only in bitcoin land can a person be "sitting pretty" on an investment that's already lost 50%. So dumb... and if its worth 10million usd in 5 years .........was it still dumb ? some people people dont care about the daily price ,theyre in it for the long term like buying a property in the hope it will gain in value over years or storing bars of gold etc Losing 50% is not ideal but it's nothing to be worried about yet. Except a property will cost you money to maintain and taxes |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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January 01, 2015, 09:39:02 PM |
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What investments do YOU have that could make you a millionaire?
I can prolapse my anus and play the bagpipes with it. |
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riiiiising
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January 01, 2015, 11:53:10 PM |
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More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire? Only in bitcoin land can a person be "sitting pretty" on an investment that's already lost 50%. So dumb... and if its worth 10million usd in 5 years .........was it still dumb ? some people people dont care about the daily price ,theyre in it for the long term like buying a property in the hope it will gain in value over years or storing bars of gold etc except people will always need houses and they'll always desire precious metals. do people need digital tokens? no. the only reason 99% of people are buying any at all is because "they might be worth millions in a couple years", not because they have any inherent value. smart people invest "long term" in stocks, bonds, real estate, etc. gamblers and "get rich quick" types invest in digital tokens that are promised to go "to the moon" just because it's "inevitable" for reasons that nobody can seem to articulate. |
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Bernard Lerring
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January 01, 2015, 11:58:25 PM |
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What about these economic collapses that are happening to various countries around the world at the moment?
There could be a chance that investing in stocks/bonds is like burning your money in x years time.
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riiiiising
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January 02, 2015, 12:19:03 AM |
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What about these economic collapses that are happening to various countries around the world at the moment?
There could be a chance that investing in stocks/bonds is like burning your money in x years time.
In such a scenario where worldwide wealth was wiped out, I assure you bitcoin would suffer worst of all. As we've already seen in real world scenarios, bitcoin is not acting as a hedge for wealth storage. |
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Walsoraj
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January 02, 2015, 12:52:37 AM |
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What about these economic collapses that are happening to various countries around the world at the moment?
There could be a chance that investing in stocks/bonds is like burning your money in x years time.
In such a scenario where worldwide wealth was wiped out, I assure you bitcoin would suffer worst of all. As we've already seen in real world scenarios, bitcoin is not acting as a hedge for wealth storage. -Bronn, Game of Thrones. |
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