BensTidbits on Nostr: If bitcoin drops below the price you paid and never recovers, of course there will be ...
If bitcoin drops below the price you paid and never recovers, of course there will be losses. That is a ridiculous claim. Bitcoin could in theory go to $0 just like any investment. Now your belief and confidence in bitcoin is why you invest in it. I also think in the long term bitcoin's value will go up, but there is always a risk especially with cryptocurrencies.
It's just called seller financing or raising capital from investors, not monopoly money. The fact that you are down playing the legitimacy of this strategy shows your lack of experience in this area. Try buying a business or investment property for more than the asking price if the seller will lend you the full downpayment amount for a 5-7 year term. If you can do that and still cash flow, you get a property at zero down, the seller gets more than they asked for. It's a win win for everyone. When the business grows or the property appreciates in 5 years, you can refinance to buy out the seller. You can rinse and repeat that as far as you can scale and are not limited to the cash you have on hand. I've done it with 3 properties and 1 business. It can be done.
It's just called seller financing or raising capital from investors, not monopoly money. The fact that you are down playing the legitimacy of this strategy shows your lack of experience in this area. Try buying a business or investment property for more than the asking price if the seller will lend you the full downpayment amount for a 5-7 year term. If you can do that and still cash flow, you get a property at zero down, the seller gets more than they asked for. It's a win win for everyone. When the business grows or the property appreciates in 5 years, you can refinance to buy out the seller. You can rinse and repeat that as far as you can scale and are not limited to the cash you have on hand. I've done it with 3 properties and 1 business. It can be done.