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08-18-2023, 02:51 PM | #3856 | |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
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Quote:
well youre not talking costs, youre talking PAYMENTS. theres 2 ways to look at it. I think youre looking at it wrong, and in a temporary slice of time (right now) versus the intended and needed direction it is going. Lets look back to a year ago, before the rate hikes: youve got 2% interest rates and no one caring about how much a house "costs" because they can afford the payments. But IMHO you and everyone else looking at it like this were/are wrong. We arent finished raising rates yet. It is correct that no one can afford the PAYMENTS when the rate is normal (7%). But just take a staep and ask yourself why. Its because the COSTS are too high. Houses shouldn't be this high, and thus the cost will go down. The only reason they ever got that high in the 1st place is because of 2%-3% mortgages and a ton of excess liquidity. I would much rather buy a house at a good cost with a higher interest than WAY too high of a price but you get suckered in with a low payment. Prices will go down, it might take 4-5 years for this to happen, but it will. Or they wont rise as fast. But we cant have everything inflating at a crazy speed...so we need to normalize rates. |
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Posts: 44,714
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12-03-2023, 06:16 PM | #3857 |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
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40k BTC
2.2k ETH |
Posts: 48,835
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12-03-2023, 06:51 PM | #3858 |
Fish are scared of me
Join Date: Nov 2001
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Been loading LTCN and MARA for the Bull run!
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Posts: 40,635
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1 0 |
12-08-2023, 02:51 PM | #3859 |
Fish are scared of me
Join Date: Nov 2001
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I'm sure hearing a lot about XRP as a good investment. I guess banks will be using it for transactions in the next year. Rumors of $1000 to $10,000 once it gets locked up.
I've been buying $100 every week for the last several months. It's at around .65 right now. |
Posts: 40,635
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12-08-2023, 04:19 PM | #3860 | |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
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Quote:
Thats 50% of why people like crypto. Don't let anyone fool you. They are just too scared to say it. Btc = safer cash that appreciates in value Last edited by BWillie; 12-08-2023 at 04:55 PM.. |
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Posts: 48,835
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12-08-2023, 04:23 PM | #3861 |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
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It's shitcoin season baby!
Ill be hedging some of my bets by converting a small amount of BTC into BSV. Bitcoin Satoshi Vision. There is some worry that longterm bitcoin will not have enough incentive to transact to realize its value. It will become to costly to send and any transactions may cease to exist. Just a theory Ive heard thrown around by some smart people but there should be ways to combat that by future forks/lightning network, I hope. |
Posts: 48,835
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12-08-2023, 04:32 PM | #3862 | |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
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Posts: 16,269
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02-14-2024, 09:06 AM | #3863 |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
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Ayyy whats up
Btc is 52k Bwillie is always wrong |
Posts: 48,835
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1 0 |
02-15-2024, 04:41 PM | #3864 |
Supporter
Join Date: Nov 2003
Location: Returning From Hell
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I am lucky. I bought it @$100 and have not needed it. Missed out on the $80,000 but saving for when I need it, I hope never. Actually considering cashing it in do to a house I like on the lake. Just hard to justify the house since no one else lives with me but college town and I could rent rooms out I guess. The older I get the more I do not like people tho.
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Posts: 10,003
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02-15-2024, 04:45 PM | #3865 |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
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good time to sell a little?
take a short or hedge position? what say you , geniouses???? (shorting COIN or MSTR suicidal or big brain?) |
Posts: 44,714
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02-15-2024, 06:03 PM | #3866 |
Veteran
Join Date: Aug 2023
Location: Jax FL
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Posts: 1,006
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02-28-2024, 03:50 PM | #3867 |
Thread I will end you.......
Join Date: Apr 2007
Location: Kansas City, KS
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Looks like they ****ed the moon today:
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Posts: 9,860
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02-28-2024, 03:53 PM | #3868 |
Thread I will end you.......
Join Date: Apr 2007
Location: Kansas City, KS
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Posts: 9,860
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02-29-2024, 02:57 PM | #3869 | |
Most Valuable Poster
Join Date: Oct 2003
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Quote:
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Posts: 36,714
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02-29-2024, 03:35 PM | #3870 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I had a chance to buy 10,000 bitcoin for $100 and I passed thinking it was a scam and a comic book type currency.
How ****ing stupid and wrong was I ? |
Posts: 52,396
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