All Forum Posts by: Zachary Inman

Find an investor community in your local market that you can add value to (underwrite deals, find deals, market, etc.) and help them out while learning the ins and out of your market.

1 Vote

Columbus, Ohio

Quote from @Jonathan R McLaughlin:

@Zachary Inman yea, it has never been clear to me what problem the existence of crypto solves.

And I believe the celebrities who made those commercials for it got paid in dollars :)

Haha that is so true. Crypto is only valuable in how it can transferred to cash.

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Quote from @Jon Martin:

Quote from @Leo R.:

Quote from @Scott Trench:

Cryptocurrency, far from being a hedge against inflation as promised, is proving to be correlated with the stock market. When the market goes up, Crypto soars. When the market goes down, crypto plummets. When inflation soars, Crypto plummets (because it is a speculative asset, and when inflation soars, interest rates rise, which crushes speculative assets).

Hard to see how crypto will take over the world.

- Not a very good store of value.

- Not a good medium of exchange.

- Not a good unit of account.

Hence, not a part of my portfolio.

@Scott Trench --definitely. Plus, the fact that it's correlated with stock markets, isn't a hedge against inflation, there are anonymous "whales" with enough crypto holdings to influence entire markets, AND crypto institutions that are backed by nothing can easily go under leaving the investors high and dry, all indicate that it is far from "de-centralized" (which was an often-cited supposed benefit).

***Now, excuse me while I duck and cover from the onslaught of rotten fruit being hurled at me by the crypto bros*** ;)

This is all correct. A lot of the market manipulation, especially as it pertains to whales which you mentioned, would he highly illegal if it were happening in stocks. However since it’s worldwide and still the Wild West, there’s no way to enforce it or even create a set of rules in the first place.

It’s a get in, make money and cash out play. Things were great in the last few years because of all the newly money circulating around and juicing the markets. Now the stock market in the doldrums it’s not a good time to be in the space.

Crypto's biggest selling proposition is also its biggest disadvantage: decentralization. Sure, you can live out your libertarian fantasy, but having no oversight cuts both ways.

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Quote from @Brian Cerezo:

@Zachary Inman I’ve made most of my money that I’ve put into buying real estate from crypto. Money is definitely to be made. Just with any new industry/asset … there’s going to be huge ups and downs and a lot will fail.

I’m big into crypto but not to a point where I think it’s the best asset

There's certainly money to be made! Regardless of the underlying fundamentals of an asset class, if someone is willing to buy it for more than you paid, then the line moves up.

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@Jon Martin Absolutely. "smart money" (aka, those who exit before the dump) are usually savvy investors or those who pumped the coin or NFT in the first place - then the ones left with nothing are those who jumped on the hype.

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@Juan V Lopez That's a good reminder: never invest in something you know nothing about.

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@Chris Seveney True, you aren't going to change anyone's mind by stating a viewpoint on a forum. However, it's important to present dissenting viewpoints without judgment, even to those who aren't going to change their minds through one conversation. You never know what idea or comment will move the needle, even a little. Radical opinions should share ideas, or both sides will become more radical.

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Quote from @Carlos Ptriawan:

Quote from @Trent Reeve:

yeah, with no backing, the only people that make money are people that have it early and find ~~suckers~~ people to buy it and then get out

That's the definition of pyramid and Ponzi scheme.

At least with a pyramid scheme, you get some knives or face wash out of it lol

2 Votes

@Carlos Ptriawan Yep. A lot of silicon valley/vc in general is based on hype. Just because something has a lot of money doesn't validate it - a fool and money are easily parted.

1 Vote

@Scott Trench That's a great point. The stock market is already speculative as it is, moving up and down with market sentiment. Businesses at least back debt/equities, crypto is purely speculative. The only value is the assumption that someone will buy it for more later - aka the "bigger fool" scheme.

1 Vote

All Forum Posts by: Zachary Inman

Zachary Inman has started 5 posts and replied 309 times.

Post: 22 years old looking to start buying rentals

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate

Post: Crypto and Real Estate