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I do think crypto is in a bubble and there will still be a huge correction. In saying that I am probably one of the few here that strongly believe in the future of crypto and I wont be exiting the market any time soon (despite the crash coming). I look forward to the day when I can pay for WL services with my web3 crypto wallet on my phone and show my VIP NFT which gives me "special" privileges... haha :smile:
I’ll step aside from the BS , sarcasm that really is a poor mask for , slut shaming and guffaw guffaw as we rest our beer enhanced bellies on our belts
Really, so all who work in the sex industry (of course aside from the male shop owners) are not able to have an educated valid opinion on anything other than their ability to determine whether a punter is a moron … really
Fred I got your point on the bell hops, before you had to lay it out in full . knew the urban myth already . Question for you , why didn’t you steer her right your favoured regular and push her toward vanguard ?
P.S I got no real buy in on the thread let alone crypto over , shares over property over classic cars or art
However , more than one sex worker I know purchased multiple bitcoin. When it was less than 5k
The acquisition Doesn’t make them smarter , but they made a calculated educated risk.
With a measly four posts to your name, and without ever having met me, you are not in a position to pass judgement.Quote:
Originally Posted by TheHonDominicPinochet
It doesn't need to be viewed as slut shaming. If my lawn mowing contractor gave me share trading or crypto tips, I too would be wondering what is going on. It doesn't mean I treat the lawn mowing contractor or the hooker disrespectfully.Quote:
Originally Posted by cumquat
I didn't say a word to the girl. Just listened to her opinion and stayed silent, before going into the shower. Not my role to give out unsolicited investment advice. Too many punters here are getting involved in working girls' lives and it never ends well. I just pay my money, enjoy the service and then leave.
As long as there are people entering the crypto market then it will keep going up.
There are 8 billion people in the world and they are all potential investors.
It may seem like every man woman and their dog is already in crypto but it is still only a tiny percentage of the worlds population.
Whether bitcoin has any intrinsic value or there are solid economic foundations to it is irrelevant.
As long as it’s rising then more people will buy in and push the price up, and that will bring in more investors and on it goes
Is it a bubble? Of course it is.
Will it burst? Of course it will.
But a lot of people, many of them uneducated, will make lots of money before that happens.
The worst thing you can do as an investor is to think it’s too late to enter the market or that you missed out or you should have invested 5 years ago or 5 months ago. That’s a loser attitude. It’s never too late to buy into a rising market.
There is always a bigger sucker than you that you can sell to.
You just have to make sure you are not the last sucker and left holding a bunch of tulips or tokens ;)
I don't like crypto & stock markets. You're basically making money off people's mishaps.
The science of most paper/digital assets is like this - 90 percenters get duped into buying an asset, price go up. The 10 percenters who had bought the same asset at a cheaper price way earlier than the 90 percenters sell their remaining assets to make a profit. In the end these 90 percenters lose out and have to wait until another event triggers a bull market so that they can either sell at equanimity or at a slight profit, but most of them will likely be duped to sell at a loss to "recover" any remaining capital. Then it's rinse and repeat again to make the 10 percenters rich.
If you really want to have better financial stability then you need to be able to create value and learn how to manage money properly. Spending your paycheck balances on punting immediately is the fastest way to get poor. Wasting time not upskilling yourself in order to get a better paying job or to start a business is stupidity. Believing your boss's words that he will give you a promotion, pay rise and a fat bonus is also dumb loyalty.
Currently I own property and high-dividend stocks (30% annual payout). Once I own enough of both I plan to start a business overseas and expand from there. Punting overseas would be cheaper than here and I can get better quality wives out there as well.
I'd say punting here in Sydney can be fun but slowly the industry here is being ruined by grannys and princesses being accepted as WLs. Once I get the chance to leave Sydney I don't think I'd miss punting here at all.
Blockchain will be part of our future and the average punter won’t know they are using it, but that doesn’t change the fact crypto is a bullshit, pump and dump scheme and largely narrative driven. This is coming from someone who has made a SOLID amount this year from getting in to fantom and solana very early (7 figures profit).
As an aside, I couldn’t think of anything worse than trying to get rich slow on index funds and vanguard ETFs. Dumbest strategy the finance industry will try to ramp to you.
You go to the stock market after you have made money, for your 6-7% long term return. Go build a business or invest in early stage investments, not buying shit like apple where some angel investor has already made 10,000x and using you and retail super funds as exit liquidity.
If you've got residential investment properties, then sorry mate, you're also screwing people for your own profit. By owning more than what you actually need (5-10 roofs instead of just the 1 over your head), you're part of the problem that is screwing the next generations of homeowners, or shall we say failed homeowners. There's no sugar coating it, that's the effect of investing in residential real estate.Quote:
Originally Posted by JohnJones
If you're into commercial real estate like shopfronts, then you can sleep well with a clear conscience, lol!
i personally have 4 resi properties (mix of units and townhouse) and I think it is providing a service to people - i.e. I personally don't care about pets, always fix problems and generally only raise rents every 2 years within market rateQuote:
Originally Posted by GoldfishMan
I don't think anyone is being screwed - the government is unable to provide houses for everyone, so they need private landlords to increase supply
this is quality information hereQuote:
Originally Posted by JohnJones
use passive income to pay for punts (and toys)
Your track record is good in it though! What forms of crypto do you therefore see with potential in the medium term?Quote:
Originally Posted by footboy2012
You have to screw someone to make a profit except that you screw a WL so they can make some income from you. We live in this world everyone screw everyone as they say nothing personal is all about survival.Quote:
Originally Posted by GoldfishMan
Couldn’t agree more. As the saying goes, one man’s loss is another man’s gain. That is completely true in any investment vehicle you choose.Quote:
Originally Posted by Climax598
Not exactly. eg. Residential propery investment is a bit like reverse child sponsoring. In that case you get updates on the child's progress and nice photos of them. Your investment in them is personalised. The same is true with residential property. It is personalised. You know it is just one individual person you are riding on. Sitting on their shoulders as they groan under your weight, occasionally beating them with a riding crop.Quote:
Originally Posted by GoldfishMan
It is why I've avoided that form of investment, at night in bed I just couldn't stand that thought. I prefer that my investment is spread painlessly over many stocks. A lot may lose a little to benefit you but they don't feel it.
I have to say, that’s a pretty convincing argument you make there.Quote:
Originally Posted by Ziggurat
But that’s just rationalising it, or sugar-coating it. Besides, is it the government’s job to “provide houses for everyone”?Quote:
Originally Posted by footboy2012
Agreed bro. That’s why I make it a point not to invest or speculate on residential. Once you understand how it works, it is hard to get past the conscience part of it.Quote:
Originally Posted by Ziggurat
Grow up, it is not the governments job to provide houses for everyone.Quote:
Originally Posted by DireStraits
And yet here we are...Quote:
Originally Posted by Fred Flintstone
Your comment is misdirected, squirt. I was replying to the post above by footboy2012: “I don't think anyone is being screwed - the government is unable to provide houses for everyone, so they need private landlords to increase supply”Quote:
Originally Posted by Vader
Cryptocurrency is our future, and it's silly to deny it. Right now, this currency is not backed by anything, but who says it is forever?
There is no single correct solution. You can invest in currency, real estate, stocks, or other assets. The main thing is that you or your broker is well versed in a particular area. I believed you could only earn money through hard work a few years ago. It turned out that I was wrong. Connection to CryptexPay cryptoprocessing allowed me to form a portfolio and learn how to manage my assets. I understand that not everyone understands how the financial system works. But in such an unstable time, it is always better to have several sources of income to be one step ahead.
One punt for one year?Quote:
Originally Posted by rooter
It's better be good. Which girl would you recommend bearing in mind we have not punt in 12 months. :)
There is no single correct solution. You can invest in currency, real estate, stocks, or other assets. The main thing is that you or your broker is well versed in a particular area. I believed you could only earn money through hard work a few years ago.