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bitcoins

Everything is down pretty heavy right now including my 401k and it's gonna get worse. But I'm def going in on bitcoin at the 22K price.
 
afm199 said:
Yes, on RE hold, for sure. And yes on watching the cash flow.

Berto, building costs are absolutely out of control. For years I insured my house for $145k replacement, then $245k, and I just bumped it from $425 to $475 replacement PLUS two additional policies to cover cost over run and permit added costs. It's a darn 950 square foot bungalow that I paid $100k for. I realistically expect that I'd be lucky to replace it for $450k and that's insane.
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Replacement policies are all undervalued, I'd say...but the real prices are all blown out too. Building costs are absolutely insane...and couple that with climbing LT interest rates and we may some receding of local building costs, but first we need about 6 months of the trades having very little jobs to pick up. The insurance work from the last few years of fires isn't gonna help that.

My latest is metal buildings...which are surprisingly affordable. Got good things working with one of the air ambulance providers at smaller regional airports and hoping to keep working with their expansion plans. Metal buildings are the win for now, I think....(fingers crossed).
 
Johndicezx9 said:
Lemme know when "d'em apples" are worth more than crypto, should be any day now at this point.... :laughing
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A bushel of apples straight from a farm is about 50 bucks, but from a market, usually more like 100 bucks...

I imagine if Bitcoin goes down that much, a lot of investors will want to ride this roller coaster instead of the bitcoin one:

Euthanasia_Coaster_705x510.jpg
 
The current crash (of almost all things) is the first real value test for Crypto. What's the next exit panic? Below 20K?
 
Holeshot said:
The current crash (of almost all things) is the first real value test for Crypto. What's the next exit panic? Below 20K?
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I've said it in this thread before.

Bitcoin is a store of inflation and a hedge against value.

As soon as the economy starts contracting everyone begins to pull money out of the obvious risky pyramid scheme and the price collapses.
 
It would be funny to know if Panthera is going to HODL until this thing craters. But suspect he will be silent in this thread, if the trend continues.
 
He did say he doesn’t care what the price is at.
Not funny when people lose big on their investments but seems the bitcoiners think they can’t lose.
Bitcoiners be something like gold bugs, buy hold and and bury in the backyard, just happy to own a piece.

Edit: I really should check my shit before pressing submit. Fixed my gibberish

,
 
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They think it's going to usher in this new world era. I have a friend who bought 15-20 coins at like $500 and has ridden that train the whole way. At one point I think the coins were like 60% of his net worth. the He is not going to get off, ever.
 
mercurial said:
They think it's going to usher in this new world era. I have a friend who bought 15-20 coins at like $500 and has ridden that train the whole way. At one point I think the coins were like 60% of his net worth. the He is not going to get off, ever.
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even at $20k he's sitting nice
 
That seems lower than I'd think support, but I suppose this will also depend on how deep and long this recession goes.
 
Blankpage said:
Not funny when people lose big on their investments but seems the bitcoiners think they can’t lose.

,
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I disagree, it's actually hilarious. These people "invested" based on the sentiment of the number going up because more and more fools will be brought in below them. Hard to feel sorry for these folks.

The great thing is that Bitcoin fundamentals are still the same. 1 BTC = 1 BTC, so the "price" being lower is actually good since you can buy more. :laughing
 
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