Hooray hooray, the 17th of May!
As the title implies - this is just a random post, because I felt like sharing some thoughts.
Real Estate, Crypto, Dinar
Social media sites aren’t a big part of my life these days, but reading what the public has to say about
real estate, crypto, and a few other things is a good way to keep your finger on the pulse. Something
jumped out at me early this morning as I was perusing the comments of the peanut gallery… you’ll see
why I use that term in a second
One person mentioned bitcoin, and another responded “Oh, I missed that ship”.
I can understand why they would say that – BTC was around $29,000 when I looked at it yesterday.
That’s a long way from the ATH (all time high) of over $68,000! But here is something I would almost
guarantee… that same person probably said “I missed that ship” when BTC dropped from $1238 in 2013.
Then they said the same thing after the next cycle, and the next "crash".
And they said the same thing in 2018…
And now they said it again today, and that mentality… that logic… is why they will always miss the
crypto ship and every other ship that isn’t a guaranteed win.
While many of us have and will make boatloads of money in the crypto space, that person (those people)
will just keep on "missing the ship".
Should you buy Bitcoin or any other Crypto right now?
I can’t tell you that. Personally, I’ll continue to keep it on my radar (and yes, I am buying a little more today),
but I can’t tell you what YOU should do.
Real estate – another comment in another group was from someone who states:
I’m not going to get into a long discussion about why this isn’t 2008, how lending regulations are
completely different than the last huge crash, how inflation and irresponsible government spending
and building regulations and population growth and housing shortage and… I could go on for a while,
but I’ll just say this: In 2018, at a pretty key point in our current real estate market, I had many real
estate investor friends tell me “this isn’t the time to keep buying real estate… a crash is coming.”
They said the same thing though 2019… then through 2020… then through 2021… and they are still
saying it today.
My guess is they will continue to say it through 2022, and 2023, and at least partway through 2024.
I’ll revise my current outlook on these things, based on what happens today, tomorrow, and beyond.
Am I telling anyone here to invest in Real Estate, or Crypto, or Dinar? NOPE. I don’t know what’s right
for you, and I won’t tell you what to do with your time, money, or anything else. Here’s what I will say:
When BTC was at $10, I believed in it. When BTC was around $700, I recommended it to the good people
here on DV. I did that based on 1. The fundamentals and 2. My understanding of it and 3. A little bit of calm,
detached, rational thinking and reasoning, based on my understanding of the world, people, and economics.
Because I believed in it, I continued buying in, and it’s worked out very well.
When the Real Estate market was going bonkers in 2018, 2019, 2020, 2021… same thing.
At this point, BTC could go to $0 and I will still have came out ahead – because I bought, sold, took profits,
and stayed the course through the cycles.
Many of our VIP members are in the exact same boat.
Real Estate will never go to $0, but what if we were to see another 2008 and it loses 15 or 20% overnight?
Anyone who’s invested right since 2008, 2012, 2013 or even 2013 has had ample time to double their money,
so an overnight loss of even 40% (more than 2008!) will still possibly be UP... can your 401k say that?
At this point, you have been reading for a few minutes. We have shared some time together, and you know this
hasn’t really been about Dinar… but at the same time, you also know it is all about Dinar.
Those people that make comments about missing the ship on Crypto, and those people that have been running
around like “Chicken Little” or Marvin from Hitchhikers Guide to the Galaxy ( )... well, you can lead a horse to
water, but I'm going to laugh at you if you try to force it to drink.
So, bring on the comments about how long you've been waiting. Tell us all about how Iraq "never does anything",
or this whole idea is bonkers, or how the market is going to crash.
I'm going to keep on keeping on, and just like with Crypto and Real Estate... I'll save my "I told you so's", because
those people won't listen anyway.
The fundamentals that first got me into the Dinar are still there, and in fact, they are stronger than they were
when I first got in.
I'm sticking this one out.
P.S. VIP / OSI - keep an eye out for an email and a couple posts in the VIP/OSI sections.