Since I agree with Warren Buffet: "I don't invest in things I don't understand," I will just say the link to the CNBC article (alleging) that Bit Coin may be a Poncy scheme truly scares me.
I fully understand Commercial Real Estate. On the other hand, I do NOT understand Bit Coin at all. So, am I surprised to read an article about a Bit Coin exchange company in Hong Kong that might (possibly) be a Poncy scheme? The answer is: NO!
Now, Bit Coin might be a real, honest to god currency that I just do NOT understand. But, I can tell you, I fully understand commercial real estate. There is Land, Building(s), Easements, and egress access to and from the Land. And, you have the ability to actually go and stand on the Land parcel in question. IF NOT fully developed, you could reach down and pick up the dirt that makes up the land.
Bit Coin not so much. What, where is the value to it?
Anyway, I placed the link below so you may have to copy and paste in your browser to read the story.
http://www.cnbc.com/id/102410095
Between the two, I will take CRE every day over Bit Coin for return on investment.
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
I fully understand Commercial Real Estate. On the other hand, I do NOT understand Bit Coin at all. So, am I surprised to read an article about a Bit Coin exchange company in Hong Kong that might (possibly) be a Poncy scheme? The answer is: NO!
Now, Bit Coin might be a real, honest to god currency that I just do NOT understand. But, I can tell you, I fully understand commercial real estate. There is Land, Building(s), Easements, and egress access to and from the Land. And, you have the ability to actually go and stand on the Land parcel in question. IF NOT fully developed, you could reach down and pick up the dirt that makes up the land.
Bit Coin not so much. What, where is the value to it?
Anyway, I placed the link below so you may have to copy and paste in your browser to read the story.
http://www.cnbc.com/id/102410095
Between the two, I will take CRE every day over Bit Coin for return on investment.
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
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