Investing in Bitcoin

B

blacksheep115

Well-known member
Xxplosive said:
Again, even in humility, you give excellent advice and think like me. I was taught by a mentor "It's always worth a conversation", but that doesn't mean im gonna do everything i hear. I think at least having the perspective to think it through holds a lot of value.

I'm 40 years old and im a commercial real estate broker- my niche is net lease investment industrial properties. A big part of my job is analyzing the lease abstract on investment properties and underwriting the credit of the tenant, then evaluate the physical property, compare it with the comps and put a value on it. And then analyze the deal from a buyer's perspective with a bunch of complex math equations.

I'm hoping to use stocks/btc to raise capital to purchase my own commercial net lease investment properties- the returns are much more stable when you have a credit tenant ie Amazon, McDonalds, CVS, Taco, etc, and it is secured by actual tangible real estate.
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Just be aware that there is a difference in "Investing" and "Trading". Investing long term is what has been reccomended by some of the best minds in the space. Boggle/Buffet/Etc.

90% of Traders will never be profitable. No hedge fund manager has ever beat the SP500 index for more than a few years straight(i don't remember the stat but its small). Investing over time is what builds wealth for most people. There are some exceptions like everything else though.

Great book called Common Sense Investing by Boggle(guy who started Vanguard). It is so basic and very short book but i promise you it will teach you things that are the most simple and important aspects of investing.

Want to try your hand at "Trading"? Don't do it with your own capital. When i first started I bet i probably lost 50k trading options. First few months i was winning so big that I kept going in bigger and bigger until one day i was down 20k in a day. There are must things to learn for this, risk management, market fundamentals, chart patterns, etc. There are things called prop firms which will give you 50k accounts to trade futures with. You pay the monthly fee(i think right now its about 40$ on Apex) and once you pass the evaluation account. You can start earning real money with it and your only out however many months it took you to pass the eval acct and then the 1 time fee of 165$. Way better to lose 200$ that way then 1000's in trading live. Once you get more knowledable on it, you can start moving your money from the Prop firm acct, to your regular trading acct.

There so much to it and why its bad to flat out advise people how to do it because unfortunately we will be wrong more than right. THe way you win at the game is to limit your losses and capitalize on your winnings. So you can be right less than 50% of the time as long as your winners out pace your losers.

If holding BTC i'd still DCA, thats just my advice. I personally wouldn't buy ETF as i think holding the crypto is more usable. You can also use other coins. Like I mentiond Binance. You can buy it and "stake it" and not only willit go up in value(because its a long term investment right?) but you can earn interest on it as well. Even better it's all decentralized and until you cash it out via a CEX(Coinbase), the government doesn't know you made that money :) You can wrap BTC and and stake it as well, so you have BTC and your earning interest. The options on this type of investment are endless.

Lastly, for those who love the market(Which i mean come on its really just gamblign right?). We have investment accounts and trading accounts. I buy stocks to hold long term but when the market takes a downturn, i can use my trading account to short index's or even stocks.
 
Xxplosive

Xxplosive

Well-known member
blacksheep115 said:
Just be aware that there is a difference in "Investing" and "Trading". Investing long term is what has been reccomended by some of the best minds in the space. Boggle/Buffet/Etc.

90% of Traders will never be profitable. No hedge fund manager has ever beat the SP500 index for more than a few years straight(i don't remember the stat but its small). Investing over time is what builds wealth for most people. There are some exceptions like everything else though.

Great book called Common Sense Investing by Boggle(guy who started Vanguard). It is so basic and very short book but i promise you it will teach you things that are the most simple and important aspects of investing.

Want to try your hand at "Trading"? Don't do it with your own capital. When i first started I bet i probably lost 50k trading options. First few months i was winning so big that I kept going in bigger and bigger until one day i was down 20k in a day. There are must things to learn for this, risk management, market fundamentals, chart patterns, etc. There are things called prop firms which will give you 50k accounts to trade futures with. You pay the monthly fee(i think right now its about 40$ on Apex) and once you pass the evaluation account. You can start earning real money with it and your only out however many months it took you to pass the eval acct and then the 1 time fee of 165$. Way better to lose 200$ that way then 1000's in trading live. Once you get more knowledable on it, you can start moving your money from the Prop firm acct, to your regular trading acct.

There so much to it and why its bad to flat out advise people how to do it because unfortunately we will be wrong more than right. THe way you win at the game is to limit your losses and capitalize on your winnings. So you can be right less than 50% of the time as long as your winners out pace your losers.

If holding BTC i'd still DCA, thats just my advice. I personally wouldn't buy ETF as i think holding the crypto is more usable. You can also use other coins. Like I mentiond Binance. You can buy it and "stake it" and not only willit go up in value(because its a long term investment right?) but you can earn interest on it as well. Even better it's all decentralized and until you cash it out via a CEX(Coinbase), the government doesn't know you made that money :) You can wrap BTC and and stake it as well, so you have BTC and your earning interest. The options on this type of investment are endless.

Lastly, for those who love the market(Which i mean come on its really just gamblign right?). We have investment accounts and trading accounts. I buy stocks to hold long term but when the market takes a downturn, i can use my trading account to short index's or even stocks.
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Day trading seems risky af to me. I was planning to hold most of the stock I bought for at least 2-3 years unless i see a massive spike that allows me to pull out my entire initial investment and still have ample house money to play with.

AMD dropped 8.26% today. Im down about 800 bucks but not sweating it. Confident it will bounce back and then some. Im learning it's better to buy a little bit at a time with the dips in case it continues to dip more.
 
brajosm

brajosm

Member
Blockstream Jade or coldcard are my 2 favorites makes it so you, and you alone are in control of your Btc. Jade is easy to set up but the coldcard for people that know IT. Both are great
 
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