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High risk, high reward. If you buy the average piece of real estate and rent it out, you are looking at 30+ years to cover the cost. You can also lose it all (
by DanBlake 9y ago
High risk, high reward. If you buy the average piece of real estate and rent it out, you are looking at 30+ years to cover the cost.
You can also lose it all (housing bubble) or quadruple your investment (investing in SF 10 years ago)
- numbsafari 9y agoWhich is why you use leverage...
- creyes 9y agoalso weird analogy cause the houses value will (theoretically) appreciate... a GPU prolly not so much.
- raverbashing 9y agoBarring natural disasters and other extreme events, your real estate risks losing (let's say) 50% of value if you made a good purchase The intrinsic value of 1 BTC is ZERO
- Zpalmtree 9y agoBut you bought the GPU not the BTC? Even if BTC becomes worthless, you still have the GPU to sell
- raverbashing 9y agoTrue, that applies for investing in mining (there's also the electricity you used, but if you live in a cold place you saved on heating so that could be something not lost as well)
- ucho 9y agoBuying ASICs is high risk and (probably) high reward - in event of crash you are left with worthless machines. GPUs will still have some value, even after all crypto currencies drop.