I would definitely agree that real estate was the right move to make when you did, and if I were your age, I'd definitely be thinking I should've followed those same steps.
Different generations are faced with different choices.
For what it's worth, I don't hold the foolish belief that all cryptos will go up forever. I think much of the crypto market will have a reckoning at various points in time.
I am converting out some of my gains into precious metals for that reason
Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.
No I actually gained a little bit, because I have converted my BTC gains into other cryptos that have performed better lately. My total asset value went up by about 2% since Friday.
I would definitely agree that real estate was the right move to make when you did, and if I were your age, I'd definitely be thinking I should've followed those same steps.
Different generations are faced with different choices.
For what it's worth, I don't hold the foolish belief that all cryptos will go up forever. I think much of the crypto market will have a reckoning at various points in time.
I am converting out some of my gains into precious metals for that reason
Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.
No I actually gained a little bit, because I have converted my BTC gains into other cryptos that have performed better lately. My total asset value went up by about 2% since Friday.
Take a look here at the 6 month view
https://www.tradingview.com/symbols/XMRBTC/
I timed that really well, and I'm sure it'll go at least back up to 0.007, maybe 0.01 or more if some development projects play out well this summer.
Gotta let the young'ns take some risks and have fun too, ya know
Also I learned from here about the paper silver market manipulation and that physical metal is the way, so that's what I do