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Updated almost 4 years ago on . Most recent reply

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112
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Ross Bowman
  • Investor
  • Charleston, SC
126
Votes |
112
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*Possibly Unpopular Opinion* - BP needs a Bitcoin Q&A

Ross Bowman
  • Investor
  • Charleston, SC
Posted

I love Bitcoin. I also love investing in real estate. 

Would some type of Bitcoin Q&A be good for the investor community on here? I think we're too often "real estate vs X". In reality, all different types of investments are good. 

There is a ton of misinformation about Bitcoin here, both on the forum and published in the biggerpockets blog itself. There's also a lot of hostility and dismissive attitudes about it; just like there was about the internet when it was first invented. And now, here we are! 

To clarify - I'm not painting myself as a Bitcoin expert. I've been in the space since 2014, and my day job involved it at one point, but I'm no expert. The learning never stops in Bitcoin. 

But some kind of community Q&A might be cool - anyone can ask, and anyone can answer. I'm sure I'm not the only bitcoiner here, as bitcoin is very analogous to digital real estate, so it's the same type of investor profile. 

What do you guys think? 

Most Popular Reply

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3,975
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2,728
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Matt R.
  • Sherman Oaks, CA
2,728
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3,975
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Matt R.
  • Sherman Oaks, CA
Replied
Originally posted by @Ross Bowman:

I love Bitcoin. I also love investing in real estate. 

Would some type of Bitcoin Q&A be good for the investor community on here? I think we're too often "real estate vs X". In reality, all different types of investments are good. 

There is a ton of misinformation about Bitcoin here, both on the forum and published in the biggerpockets blog itself. There's also a lot of hostility and dismissive attitudes about it; just like there was about the internet when it was first invented. And now, here we are! 

To clarify - I'm not painting myself as a Bitcoin expert. I've been in the space since 2014, and my day job involved it at one point, but I'm no expert. The learning never stops in Bitcoin. 

But some kind of community Q&A might be cool - anyone can ask, and anyone can answer. I'm sure I'm not the only bitcoiner here, as bitcoin is very analogous to digital real estate, so it's the same type of investor profile. 

What do you guys think? 

 I think there needs to be some info on how to bank with bitcoin. Use bitcoin loans to buy RE and refi as to avoid tax hits. Loans are not taxable so one could get a loan on the BTC , buy RE outright, then refi with regular bank. This could be the move eventually for some. It is likely still too early for most on this but once btc hits 100k this could be very popular move. 

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