Seriously lads Winston Churchill phoned me last night and told me....
Never before in the field of askaboutmoney.com were so many Bitcoin threads posted by so few!!!
If I spent as much time on AAM / Boards, I would not be able to function in my day job
Would you remortgage your home to buy €200k worth of Bitcoin?
Why not?
That's effectively what you're doing by investing in Bitcoin while carrying mortgage debt.
investing while carrying debt is leveraged investing.
don't fool yourself into thinking that investing while carrying mortgage debt is somehow different to remortgaging a property to make those investments.
Would you remortgage your home to buy a €25 prize bond?
Absolutely correct.
I regularly advise people to max out their tax advantaged pension contributions before paying down mortgage debt ahead of schedule. I think that's appropriate financial planning but I don't fool myself into thinking that I'm not therefore advising people to make leveraged investments.
Investing while carrying a mortgage on a property is exactly the same thing as remortgaging that property for the purposes of making the same investment.
What is dramatic about the word remortgage?
It just means taking out a new mortgage on a property that is already or was previously mortgaged.
However, I would (and do) argue that it makes sense to contribute to a pension before your mortgage is paid off. Why? Because I take the view that investing money in equities, etc. in a tax-advantaged vehicle has a higher expected return than paying off my "negative bond".
nobody ever suggested that you re-mortgaged your home when you bought Bitcoin.
It would be disengenuous of me to take such credit. The 'fast' event was for 24hrs. But due to logistics (family commiitments etc) the event was broken into shifts. I put in ten hours, some of the younger ones were more dedicated.
Nobody said otherwise BS.If I buy €5 bitcoin im not re-mortgaging my home unless I borrow the money against a property.
I looked up this Altucher guy. The more I research these BTC supporters the more I am convinced that the mainstream economic thinkers are not all wrong - bitcoin is a nonsense. Altucher detects some mega historic process - theism to humanism to dataism. Givus a breakThere does appear to be an association though.
Investors that are comfortable within the technology sector like James Altucher are bullish on bitcoin.
While investors that appear to be total technophobes stay clear.
It is rumored that Warren Buffett does not even have a cell phone.
A bizarre comparison since bitcoin's issuance is capped by it's programmatic code.
Seriously lads Winston Churchill phoned me last night and told me....
Never before in the field of askaboutmoney.com were so many Bitcoin threads posted by so few!!!
And now we learn that Bitcoin herself is like a mother spider, capable of breeding clones all with their own "limited" supply varying so far from 21M to 84M each.Correct. And as we all know, Bitcoin has a monopoly on cryptocurrencies. No one else is allowed to create a new one in case it increases the supply.
Brendan
Bitcoin Tulip
Bitcoin is an open source project, so yes people can copy and paste the code, make their own tweaks and call it whatever they want.And now we learn that Bitcoin herself is like a mother spider, capable of breeding clones all with their own "limited" supply varying so far from 21M to 84M each.
The Bitcoin family now includes:
Cash
Gold
Diamond
United
X (?? somewhat lacking in imagination)
Super
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