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RE: Tokyo Office Building Sells For 547 Bitcoin
Personally, I think those who take payments in BTC (and other crypto) are very smart. One thing I can say, the BTC in this purchase will appreciate some in time...and most likely will outpace the Japanese Yen which has been making a beeline towards the bottom for two decades.
That is why I bet you will see outfits like Amazon move into taking crypto. They can hold their profits in it and weather the ups and downs. Over time, the "investment" of HODL to their profits in the way will only increase.
Yeah, lot of HODLing going on right now, hehe. I agree with you on taking the BTS. And, thinking in terms of a long term investment, how could people not get into this stuff? So many financial advisors I talk to are like, 'stay away from the sh1t!'
The more someone says not to do something, the more curious it makes me. In a traditional sense taking BTC is a dumb thing to do. Questionable value, varying price, potential long-term instability and possible complete disruption of the system due to either internal (somehow gets broken by govts and hackers) or external influence (of Govs and shadow groups), but, still, the world is on the brink of something completely new which means uncertainty. To the bold go the rewards though. And this tech isn't going anywhere. Final utilization has yet to be realized, but, dang, how long did it take the internet to get figured out?
Financial advisers are mostly salespeople. They tell people to stay away because they are not making a commission on it. Now that mutual fund that they get 3 points by selling, that will be the best thing since sliced bread.
The financial services industry is one of the biggest scams out there. I work with a woman, in our annual 401K meeting, was complaining that her returns did not match the long-term chart they were showing (you know the one where they show the growth over 40 years). She was having them manage her money which, I told her meant fees. She argued with me saying her personal financial guy didnt charge those fees. I laughed.
In the end, my returns look like that because I put my money in to those things that dont eat up returns. Amazing how much more profitable things are without the commissions.
This is the only way to beat the establishment ie banksters and their cronies. They are known to tell us to look left while they are pulling a con on the right.
So I am like you, if they tell me to look left, I look right. That is where the action is....the other is a misdirection.
No Kansas City Shuffle getting played on us, hehe.
Yeah, I love how financial advisors aren't even required to give full disclosure about investments anymore. I mean, did we not learn when we set those who sell investments loose with no rules?
Apparently not.
Yeah, the only way to beat the system is find their kryptonite. And that's what crypto and blockchain together can do. It could shift the entire world economy out of the hands of a few and into the hands of many. Potentially...if they don't take it over first or create tax systems so onerous that it makes it impossible to use.