Honestly I don't trust any currency. Yes, I am exposed to FRN's because under penalty of law we are all forced to use them in commerce.
Am on the internet right now, but I don't trust it because I know DARPA was funded to create it.
Am also aware of SOP 303. Standard Operating Procedure 303. Affectionately called the "kill switch" within the DC beltway. Communication networks can be turned off, including the internet.
Anyone exposed to crypto currencies needs to seriously research it. It is real.
Once the internet goes off, POOF, everything on it is gone, never to be recovered, including my reply to this post. Including any digital currency. Not a matter of if, but when.
Think Polygon.
I learned, while serving in the USAF, how to use the FRN's to my advantage.
I learned how to take an FRN, (fiat currency) and convert into a tangible asset with value. Real Estate.
I like anything tangible that has value and can grow in value.
Old schooler think.
Our Real Estate holdings consist of 20K acres and 50 homes. We, (wife and I), possess title and deed on all of it. Safe from SOP 303.
Real Estate holdings also enabled us to exploit natural resource rights. Timber, natural gas, oil, and, yes, water.
As I said, am 57 and retired. Because of the royalties we enjoy from natural resource leases.
We live a very comfortable lifestyle because of that.
Having experience in Real Estate, I can assure one property holds consistent value, depending on demographics, of course.
Our holdings are in North Carolina, Georgia, Louisiana, and Texas. Our holdings have consistently risen in value.
In 2013 we were approached by Citibank. They offered us a ten million dollar line of credit with no sunset, based on our holdings Not to give away the value of our holdings and lease rights, but there you go..
We hold the line of credit right now.
So, I thought about exploiting it. Saw where cryptocurrencies were trending, (hyped).
Seriously looked into it. Checked into finance whiz's like Warren Buffet. That dude who said, "the debt free life is the best life to live", worth over 85 billion.
He is not personally exposed to crypto's. Companies in his portfolio may be, but he is not.
His opinion of crypto's is this.
"Cryptocurrencies have no value and they don't produce anything." "I don't have any cryptocurrencies and never will."
"When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along.”
A definition of hyperbole.
“If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing."
Even Bill Gates said cryptocurrencies is a bad idea.
Done my due diligence.
Now, I have productive assets. Real Estate with mineral rights leases. An investment.
I am interested in investments that produce value. Real Estate has proven to be an asset that produces value. A smart investment.
Berkshire Hathaway has real estate investment in almost every state. Look for the sales signs. Everywhere.
All of this said. I am an old school investor. Believe 100% in real estate. It's REAL. Has REAL value that appreciates consistently, again, depending on demographics.
I also know there are only two ways to get crypto's. Mine or buy, or rewards for select purchases, (same thing).
Have been called all sorts of names for speaking out on crypto's here. Not cool and not smart.
Not stupid. Not naive. Not ignorant. Not a shill. Not a LARPER.
I am a person looking to diversify, because I am liquid. Immediate liquidity.
All I have written is not to brag or claim any sense of superiority.
I am simply a man who has done well with opportunities.
Any dumbass reply will not be replied to.
Only mature, serious replies will I respond to,
Why?
Am old school. Am an adult. Will not apologize for that. Period.
Convince me to put 10 million into crypto's. 100% convince me.
How would BTC in a secure bank like facility be any less secure to an internet outage than Fiat currency held at my Local bank? I get the Guns, Gold and God way of thinking, but if the internet goes down you aren't going to get any money out of your local bank either. Also, major Financial institutions are now investing in BTC. Nobody is pulling the plug on anything, unless they choose. And if they choose then the argument about Internet security will no longer be relevant as far as monetary transactions between two parties . GGG
Excellent post. Enjoyed it thoroughly.
I am one of those "boomers" 57.
Honestly I don't trust any currency. Yes, I am exposed to FRN's because under penalty of law we are all forced to use them in commerce.
Am on the internet right now, but I don't trust it because I know DARPA was funded to create it.
Am also aware of SOP 303. Standard Operating Procedure 303. Affectionately called the "kill switch" within the DC beltway. Communication networks can be turned off, including the internet.
Anyone exposed to crypto currencies needs to seriously research it. It is real.
Once the internet goes off, POOF, everything on it is gone, never to be recovered, including my reply to this post. Including any digital currency. Not a matter of if, but when.
Think Polygon.
I learned, while serving in the USAF, how to use the FRN's to my advantage.
I learned how to take an FRN, (fiat currency) and convert into a tangible asset with value. Real Estate.
I like anything tangible that has value and can grow in value.
Old schooler think.
Our Real Estate holdings consist of 20K acres and 50 homes. We, (wife and I), possess title and deed on all of it. Safe from SOP 303.
Real Estate holdings also enabled us to exploit natural resource rights. Timber, natural gas, oil, and, yes, water.
As I said, am 57 and retired. Because of the royalties we enjoy from natural resource leases.
We live a very comfortable lifestyle because of that.
Having experience in Real Estate, I can assure one property holds consistent value, depending on demographics, of course.
Our holdings are in North Carolina, Georgia, Louisiana, and Texas. Our holdings have consistently risen in value.
In 2013 we were approached by Citibank. They offered us a ten million dollar line of credit with no sunset, based on our holdings Not to give away the value of our holdings and lease rights, but there you go..
We hold the line of credit right now.
So, I thought about exploiting it. Saw where cryptocurrencies were trending, (hyped).
Seriously looked into it. Checked into finance whiz's like Warren Buffet. That dude who said, "the debt free life is the best life to live", worth over 85 billion.
He is not personally exposed to crypto's. Companies in his portfolio may be, but he is not.
His opinion of crypto's is this.
"Cryptocurrencies have no value and they don't produce anything." "I don't have any cryptocurrencies and never will."
"When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along.”
A definition of hyperbole.
“If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing."
Even Bill Gates said cryptocurrencies is a bad idea.
Done my due diligence.
Now, I have productive assets. Real Estate with mineral rights leases. An investment.
I am interested in investments that produce value. Real Estate has proven to be an asset that produces value. A smart investment.
Berkshire Hathaway has real estate investment in almost every state. Look for the sales signs. Everywhere.
All of this said. I am an old school investor. Believe 100% in real estate. It's REAL. Has REAL value that appreciates consistently, again, depending on demographics.
I also know there are only two ways to get crypto's. Mine or buy, or rewards for select purchases, (same thing).
Have been called all sorts of names for speaking out on crypto's here. Not cool and not smart.
Not stupid. Not naive. Not ignorant. Not a shill. Not a LARPER.
I am a person looking to diversify, because I am liquid. Immediate liquidity.
All I have written is not to brag or claim any sense of superiority.
I am simply a man who has done well with opportunities.
Any dumbass reply will not be replied to.
Only mature, serious replies will I respond to,
Why?
Am old school. Am an adult. Will not apologize for that. Period.
Convince me to put 10 million into crypto's. 100% convince me.
Once again. Thank you for this post.
How would BTC in a secure bank like facility be any less secure to an internet outage than Fiat currency held at my Local bank? I get the Guns, Gold and God way of thinking, but if the internet goes down you aren't going to get any money out of your local bank either. Also, major Financial institutions are now investing in BTC. Nobody is pulling the plug on anything, unless they choose. And if they choose then the argument about Internet security will no longer be relevant as far as monetary transactions between two parties . GGG