Poll: Cryptocurrency real estate investing

[Donavon Davies]

Hi we are doing some quick market research on an idea...

Would you be interested in an online service that allows people to purchase equity in rental properties using cryptocurrency?

1- Yes 

2- No

3- Write whatever you want... THANKS!!!

[Chris Williams]

Donavon,

Speaking only for myself...no. For two reasons:

1. The crypto market is horrendously volatile. I admit, cryptocurrencies intrigue me. Followed the trend for a little while. I own a little bit of one, and may try buying a couple more next year. That's to play with though, not make money. The market is so overstuffed and so speculative that it unnerves me. I am no economist, but the whole thing SCREAMS "bubble."

When it pops, and a little time goes by, we may indeed see something stable and respectable growing from its remnants. At such a time, using crypto to buy RE may be a prudent course. But not now.

2. Real estate-dedicated cryptocurrencies already exist. Thus rendering a service at least partly redundant (unless you're building the service within one of those cryptocurrency's blockchain).

Look up REX, Reidao, and the REAL Platform to name a few. Thing is, as far as I know, all of these are floundering. Nothing near the investment level of Bitcoin, or the diversity of Ethereum. And we already know my thoughts on these currencies' inherent stability.

Now, I don't own properties yet. But when I'm ready to buy, it'll be with good old cash. Hope that helps.