There is other value than the current outlook on NFT's. It is a record of a digital thumbprint. This is really the value of all blockchain based tech.
The example i use is this. Think of the Green Rolling Hills photo that was on however billion windows desktops. The original owner could have copyrighted that photo and registered its first upload onto the blockchain. It is registered then as the first photo of a very specific high use photo and i would say that digital asset has a value.
Crypto Kitties etc are not my cup of tea, its the value created by the option of the tec that i think will have ramifications. I am working on a project in this space currently.
Give the homeless one of the houses in St Louie or Gary. They can fix it up and have a place.
There is lots of housing that is not expensive but people have to WORK for it or it doesn't mean anything.
This is very Sam Zell no BS type advice....When a big company runs out of money, the basic questions are (1) who gets paid and who doesn’t and (2) should the government pay its debts for it?
Guessing whom gets paid back first is often a great way to make a lot of money if you can monetize it. Think MBS tranches AAA or BBB. With the international real estate market being at all time highs there is a huge movement of money that will trade hands in the next 10 years. How that will happen and how to gain exposure is the 1mm dollar question. Maybe Aladdin and BLRK have the answer?
You are right. I had to buy an absolute basket case of a house all the easy fix and flips are gone. You have to be able to take the pain/work of the deals that people without vison pass on.
Good point. I recently got (for me) a lot of long term financed debt at a low fixed rate. Also buying tax liens for the first time. Just looking for items outside of the "" System.
I struggle with being too bearish. But I am right every once and a while.... which really is all it takes to self reinforce the idea. I feel something is off is all. Companies and what make to what they are valued i just don't see as realistic right now. If you run a M+A value on almost any company in the market for instance and you had all the money in the world you would not get a good deal right now. I also think that's why WB/BH is sitting on 130+billion in cash and getting killed by inflation, they would rather take that hit than accept the risk of a bad investment.
Lot of people want old trucks now as many are used for work vehicles/beaten to death, the really premium examples appreciate more. I live in a dry climate so I dont have to worry about rust, really just UV damage. Problem is I dont really want to own a field of trucks, just looking for hedges.
This is where I am at. Watching savings from a liquidity event get eaten away. At the same time not trusting to dump into a very highly valued market. GLD, Crypto, Land, Oil, Food. Odd thing i have been buying is old steel body trucks, 1990 to 1998 - Single cab, 8' bed. My wife is not happy with this, but i see it as a great way to park 5 to 30k in a physically investment. Problem is, I don't want to store 100-300 of these.
Interesting about this is that Evergrande is defaulting only on foreign held debt. Not internal debt after a ccp mandate.
If their economy continues its downturn then this precedent would hold for all debt. I would really watch personal funds and investments and insure they dont hold any chinese debt as an asset.
I did the same thing. Following since before MT GOX. Never purchased because of that TPS issue which i felt killed the system. Was interested in SOL because they supposedly solved that problem, still havent purchased. Feel smuuckish now.. But there you go
I believe this whole GME and AMC deal was perpetrated by the owners of those companies debt and pushed through by people who owned a mouthpiece on WSB and other platforms.
Way too many coincidences.
Everyone left that has been trading stocks for 2 days will be holding the bag on this and will be left with nothing as Blackrock and Burry and others have already liquidated their positions.
Two basically bankrupt companies that owed debt suddenly funded/bailed out by autists? 600 mil in debt repaid by selling stock on AMC? Anyone else think like this?
The example i use is this. Think of the Green Rolling Hills photo that was on however billion windows desktops. The original owner could have copyrighted that photo and registered its first upload onto the blockchain. It is registered then as the first photo of a very specific high use photo and i would say that digital asset has a value.
Crypto Kitties etc are not my cup of tea, its the value created by the option of the tec that i think will have ramifications. I am working on a project in this space currently.