Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,356
- Location
- Stanley Hotel, Colorado
Thats the ideal scenario to forget and one day remember, because no way people just ignore the gains previously (unless already well off). I've been swapping some out to gold because I believe I will have less regret rather then holding sterling, we all know it loses value and will keep doing so. I have to do that otherwise I'm massively exposed personally, good investment is well balanced especially as you add on years.
Yes he should secure his assets, its entirely sensible to do so. If he doesnt own the house outright or moves to do so, then get a fixed rate mortgage for 10 years or so and its a known cost then.
Theres probably other similar avenues, health coverage in case of accidents/ bad health and losing the current wage income. Money is for security imo, choose to be secure over decades or gamble that BTC on riches this week, year.
If he is fully engaged in crypto and follows all the risks and forthcoming changes to protocols required to sustain a liquid system of global transfer then fair enough. If he really never paid attention then its super risky, everything has risk but at least attempt do some homework and gauge risk/reward.
I really think the fee structure in BTC is going to constrict that liquidity, slow the monetary velocity which then impacts the market capitalisation of the entire economy and the price we see of each coin.
18 months ago the block reward reduced and I was discussing on threads how lots were marking the date as if immediately we'd see a price jump but its an ongoing effect of lower supply. [In fact it was buy the rumour scenario, the news saw a price drop/languish] We see now that balance change helped snowball the demand but I see the fee similarly in a negative way, it will have an effect on real usage and utility.
[side note your friend also owns every fork of BTC. He needs to be careful in discharging his wallet in order to fully realise value on every block chain. For example he owns an equal amount of BCH I believe, it wont be apparent as the two blockchains are separated like ETH and ETC in 2016 - people got both]
Yes he should secure his assets, its entirely sensible to do so. If he doesnt own the house outright or moves to do so, then get a fixed rate mortgage for 10 years or so and its a known cost then.
Theres probably other similar avenues, health coverage in case of accidents/ bad health and losing the current wage income. Money is for security imo, choose to be secure over decades or gamble that BTC on riches this week, year.
If he is fully engaged in crypto and follows all the risks and forthcoming changes to protocols required to sustain a liquid system of global transfer then fair enough. If he really never paid attention then its super risky, everything has risk but at least attempt do some homework and gauge risk/reward.
I really think the fee structure in BTC is going to constrict that liquidity, slow the monetary velocity which then impacts the market capitalisation of the entire economy and the price we see of each coin.
18 months ago the block reward reduced and I was discussing on threads how lots were marking the date as if immediately we'd see a price jump but its an ongoing effect of lower supply. [In fact it was buy the rumour scenario, the news saw a price drop/languish] We see now that balance change helped snowball the demand but I see the fee similarly in a negative way, it will have an effect on real usage and utility.
[side note your friend also owns every fork of BTC. He needs to be careful in discharging his wallet in order to fully realise value on every block chain. For example he owns an equal amount of BCH I believe, it wont be apparent as the two blockchains are separated like ETH and ETC in 2016 - people got both]
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