The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.
Now you can pay your McMansion with McDollars and help bring about the next subprime mortgage crisis.
There was opportunity almost every year to profit. I’ve watched it dip almost cyclically and then rocket. Seems like November it would start to get really big again. So many opportunities over the past decade to jump in. Each time there was Reddit users and other telling others how dumb it all was.
Like any of these new things. I’m starting to embrace it more. I’m so tired of people calling every new thing silly. The worst part is in finding that it’s actually starting to divided along political lines. People on the left seem like there the most adverse to change and adaptation.
I think the question I always have is “what is driving the value”? Why do more people want it now than a year ago?
Since the only answer that I can come up with is “because someone later might pay more for it”, it makes me a little skittish to bother with it. I did invest in etherium when it looked like web 3.0 might actually be a thing, but that seems to have stagnated so I sold.
The issue right now is that every “asset” seems to only go up, the question will be how it all fairs when the next crash happens (cause it will happen eventually). Stocks in companies that produce something can usually weather a storm and rebound, same with bonds, but what does an intangible speculative asset do?
I enjoyed crypto when it was a decentralized asset that isn’t bound by monetary policy inherent in fiat shell games. Transfer fees were eh, but avoiding forex scalpers was dope.
Dumbasses who only see it as a financial instrument are what has ruined crypto. We literally had the potential for a new gold standard-esque inflationary hedge, and instead we got NFTs, rug pull scams, and a permanently bag-holding ‘investor’ class.
I agree. I thought the idea and technology behind it was really interesting.
But also looking back. Writing was on the wall. A lot of people justify not investing into it. But truth is this was a vehicle that a lot of people could have been well off with. But online types couldn’t help but shit on it.
Is it great? No.
Could people have changed their lives? Absolutely.
Will they get another chance like this? Probably not.
And it’s one of those moments in my like where I’m kind of waking up to the type of people who did this complaining about crypto or AI or Google or whatever the new thing is. They’re always there just acting like a body guard to opportunity for growth and improvement. It’s the Reddit mentality the r/relationship advice mob shouting DIVORCE at every opportunity. It sucks because people do listen to them.
There was opportunity almost every year to profit. I’ve watched it dip almost cyclically and then rocket. Seems like November it would start to get really big again. So many opportunities over the past decade to jump in. Each time there was Reddit users and other telling others how dumb it all was.
Like any of these new things. I’m starting to embrace it more. I’m so tired of people calling every new thing silly. The worst part is in finding that it’s actually starting to divided along political lines. People on the left seem like there the most adverse to change and adaptation.
Bet the farm on it. Let us know how it goes, if they don’t repo your computer.
I think the question I always have is “what is driving the value”? Why do more people want it now than a year ago?
Since the only answer that I can come up with is “because someone later might pay more for it”, it makes me a little skittish to bother with it. I did invest in etherium when it looked like web 3.0 might actually be a thing, but that seems to have stagnated so I sold.
The issue right now is that every “asset” seems to only go up, the question will be how it all fairs when the next crash happens (cause it will happen eventually). Stocks in companies that produce something can usually weather a storm and rebound, same with bonds, but what does an intangible speculative asset do?
I enjoyed crypto when it was a decentralized asset that isn’t bound by monetary policy inherent in fiat shell games. Transfer fees were eh, but avoiding forex scalpers was dope.
Dumbasses who only see it as a financial instrument are what has ruined crypto. We literally had the potential for a new gold standard-esque inflationary hedge, and instead we got NFTs, rug pull scams, and a permanently bag-holding ‘investor’ class.
I agree. I thought the idea and technology behind it was really interesting.
But also looking back. Writing was on the wall. A lot of people justify not investing into it. But truth is this was a vehicle that a lot of people could have been well off with. But online types couldn’t help but shit on it.
Is it great? No.
Could people have changed their lives? Absolutely.
Will they get another chance like this? Probably not.
And it’s one of those moments in my like where I’m kind of waking up to the type of people who did this complaining about crypto or AI or Google or whatever the new thing is. They’re always there just acting like a body guard to opportunity for growth and improvement. It’s the Reddit mentality the r/relationship advice mob shouting DIVORCE at every opportunity. It sucks because people do listen to them.