Do you invest in Bitcoin / Cryptocurrency?

[Mitchell T.]

I'm just curious how many other active REI also invest in cryptocurrencies? And if you do, what kind?

I am personally a fan of cryptocurrencies and what they are all about. I have put some money towards it, and will continue to do so, so I always get a laugh when I hear Brandon talk about bitcoin "investing" on the podcast! But I do understand where he is coming from as there really is no tangible asset to cryptocurrencies (or stocks for that matter) compared to REI in addition to it's long long standing history, research, and studies, etc.

That said, with what I now know and continue to learn about this fascinating and lucrative world of REI, majority of my investing will be here. But I'm still curious about everyone else.

[Khloe Croswell]

Hi,

I'm new on biggerpockets.

I am interested in real estate, and I'm quite experienced in cryptocurrency.

There are actually a number of cryptos that are very useful to me on a practical level. Things like paying rent, and paying for all the internal costs and many administrative costs I have to pay to run my small business. With crypto, i'm saving on a bunch of fees that way.  

Of course, there is tons of speculation in crypto. No doubt. But not all that's crypto is bad or a gamble. And not all speculation is bad. Some are much more realistic than others. Just like any other things you can put your money into, buying into the crypto market is a matter of doing your own research. and being thorough about it. don't invest in things you don't understand or don't care about. Invest in things you know and care about.

For example, in the real estate space, there are crypto coins already on the market like Swiss Real Coin (SRC) (launched), Atlant (ATL) (launched) and Chelle Coin (CHL) (soon to be launching their own ICO), that are all focusing on different kinds of real estate deals. The differences include geolocation, coin type or token type, the different types of things that can be done with the crypto, the sequence of operations carried out on the blockchain, the smart contract, etc. 

So even at the high level, although they're all real estate-based cryptocurrencies, they are not all the same. While SRC is all about real estate in Switzerland, ATL is all about real estate in the Atlanta area. And CHL is built to serve real estate across metropolitan areas throughout North America.

The crypto real estate space is really one of the areas in crypto where I see tons of development and interest among both investors and buyers on the market who are looking to save more than a little when they buy a property with digital money.

If you have any questions about crypto I'm happy to share whatever I know. I'm sure I'll have many questions about real estate that you all know the answers to.

~~~ Keep on Keepin' it Real (Estate)!