If he owned those 5 BTC for the last year, he would only be in them about 85k total. So they corrected from 340k to 285k~.
Where is the problem? He still up 300%~.
All cryptos are in a very early adoption and price discovery phase. Expect them to be volatile.
Agree completely.
After some time, you will get your (up to 250k) of freshly deflated currency returned. In hyper-inflationary times, that may not buy you a bicycle.
I wont pretend to know how crypto will act in a bad stock market environment yet.
But I do believe total market cap of crypto will continue to climb greatly. There could be a large curve of market entry at some point.
I think we are still in the very early stages. In fact I dont think crypto...
I generally agree. I battled with this for almost 2 years in my head, trying to understand the value of crypto, if any.
The US dollar, also has no underlying value, other than its general acceptance, and government backing. The government which is heavily in debt, runs an annual deficit...
Given that you paid your home off several years ago, I think you have the discipline to make a reasonable decision here. Some people don’t have that discipline and should not attempt any of the above.
Unless your home was paid off with some kind of windfall, like an inheritance, etc. Or if you...
Hey, just clarify,
In your original post you said you’re thinking of getting a second mortgage.
In your third post, I think you said you paid your house off seven years ago, meaning you don’t currently have a mortgage, which means it would not be a second mortgage. It would just be a new...
Just to throw another curveball out there, the Dave Ramsey stuff is great. But there are other factors.
You’ve probably screwed up your finances a bit already. And practiced some bad habits.
If you are using earned money to work the Dave Ramsey plan, I think that’s great.
But if you’re...
I don’t disagree with selling, but just to play devils advocate, and share some of the considerations...
I’m in my young 40s now, but have had lots of rentals. Grew up buying and flipping houses with my parents. Dropped out of school doing that and starting my current business.
It is true...