Investing for a real Assets - page 3.

cryptomaniac_xxx

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

Assets can be defined as physical and non-physical. Maybe thsi is where you confused because you don't hold bitcoin in your wallet as per your definition.

But if you invest in oil or even precious metals like gold, they are intangible as well but they are being considered as assets.

And bitcoin become an asset if you are going to sell it as a certain price and then you put the money in your pocket to satisfy your own definition of asset.

suzanne5223

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.

I believe what he's saying here is that true luxury is the money or profit you make through an investment.

Quote from: Agathamay on September 10, 2022, 11:22:49 AM

so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

Every commodity that has potential and the chance of generating a huge multiplier if held for a certain period is considered an asset. If we do the math BTC has this potential than every asset.
There are many methods of investing in a real asset but you just need to dyor and be sure you're investing in the right asset.

AmoreJaz

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Quote from: ololajulo on September 10, 2022, 03:52:59 PM

Asset is anything that has future benefit or expectation. Out of all existing asset bitcoin stood out as the best with highest return on investment in over 50 years, although it has exceed 20 years. Bitcoin is a money market that only depends demand and supply, a form of speculation market, this features is worrisome to many countries and they are not comfortable with the growth of the coin. Is more of wealth changing hands in 4 years.

most bitcoin believers are treating bitcoin as a very good asset to invest with. i guess, it depends on how much you believe on this market. as we see btc market with future, for sure, you will spend something on this. but for others who are not seeing this as asset, they won't spend any penny. and that's understandable.

Baofeng

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

I guess you missed the point in that book, he is advocating investing in "real state asset" because it will give you passive income. He even have some experiments early in his career wherein he buy a property without shelling out money, i.e he uses his credit card, a amount of $2k just to move one and then he loan the remaining like $16k-$20k if I'm not mistaken.

It's just a different approach when you invest in crypto, because unlike real property asset, it has a lots of up and down, but the end result will be the same, it can give you profits in the long run. Also you will hear Robert talks about crypto in general, so I will assume that he also consider it a real asset.

Raflesia

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Apart from that even in this case I still categorize bitcoin as a digital asset not a real asset which is like the notion that real assets can be seen in physical form such as Real Estate, Gold etc. But I think it's still possible to do this because if you look at it actually if the book was probably made in the year after bitcoin existed then the results will probably be different Cheesy

Rich Dad Poor Dad is a good book by Robert Kiyosaki and Sharon Lechter but it was a 1997 book at which time Crypto was even still one that was probably still being planned so that at that time the digital world was still unknown.

sunsilk

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You can treat bitcoin as your personal digital asset, it's different from real estate as an asset but both are really good to have if you have the mindset of being an investor.

If that's your understanding about asset being on your pocket. It may not be literally on your pocket but you can have bitcoin on your own wallet which can be signify as your own pocket while holding the private keys which is also the key for having that description that you own it.

But before that, the most important thing in general for assets. As you buy them, make sure that you understand where you're putting your money.

tomos81

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Every time you invest in bitcoins you have to count on your wealth. Whenever you have BTC you can sell whenever you want and you can buy whenever you want. And investing is yours from here You will continue to see potential growth, which is why investing in Bitcoin should be considered an asset. Because its value goes up and down, Bitcoin must be considered an asset.

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Quote from: Zanab247 on September 10, 2022, 11:55:51 AM

Bitcoin is a real asset you can invest all your money and have something good to achieve at the end of the investment that will make you feel happy that you have a huge amount of money with you already. Since we are still experiencing bearish season in the market, showed that you can buy Bitcoin as much you want in this month of September and hold to watch how the bull market will show up for you to make a good income that will make you to believe that you invested on a real asset in the community.

Bitcoin is not a physical asset, you cannot hold or touch it but you can own it and no one can take it away from you. Bitcoin has real value, nowadays if you own 1bitcoin you can sell them on exchanges for fiat.

But what is wrong here when you say we should invest all our money in bitcoin. There's nothing wrong with that if you're willing to take risks and plan your life for the long term without those assets.

All investments are risky, so no matter what you invest in, don't put all your assets in one basket, should diversify and always have a backup plan for the worst case scenario.

ololajulo

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Asset is anything that has future benefit or expectation. Out of all existing asset bitcoin stood out as the best with highest return on investment in over 50 years, although it has exceed 20 years. Bitcoin is a money market that only depends demand and supply, a form of speculation market, this features is worrisome to many countries and they are not comfortable with the growth of the coin. Is more of wealth changing hands in 4 years.

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Quote from: OgNasty on September 10, 2022, 02:10:53 PM

Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

I don't think that Bitcoin would be considered a real asset in this context. I believe he's talking about things tied to real businesses or other sources of real world income. For example, rental properties or stocks of longstanding profitable companies that pay dividends. In spite of what people will try to convince you of, Bitcoin is a speculative asset and likely not something that any financial advisor would recommend that you build a portfolio around.

That should be chapter two of Rich Dad Poor Dad, not certain what page it is but should be either of ( Pg 79,80, & 81 ) He was trying to explain cash flow of money of how assets put money in your pocket while liabilities take money from your pocket. I think OP didn't read that well. Financial advisor's do, telling folks and Peep's to buy $10 worth Bitcoin every week if they can. At least, it's a better decision to take than to buy the latest iphones which won't be useful in the future.

Real Life Shit: My mate ( Secondary school mate ) got one of the iPhone's ( worth some big amounts in naira ) only to get bursted by the Fed's and had his iPhone seized till date. If half of that fund's was used to get $100 worth BTC wouldn't that be a crazy peng Idea ?
Like I read in the forum, teach people about BTCbut don't force em to invest...... If I had told him, I doubt if he was gon buy the idea.

But yeah, Rich Dad Poor Dad is a must read for all, The world's changed already but education and money haven't already or haven't been part of it, why ? Load's of people are not Financially Educated and Financially Intelligent, cause they don't teach bout money in schools.

Fivestar4everMVP

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Quote from: OgNasty on September 10, 2022, 02:10:53 PM

Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

I don't think that Bitcoin would be considered a real asset in this context. I believe he's talking about things tied to real businesses or other sources of real world income. For example, rental properties or stocks of longstanding profitable companies that pay dividends. In spite of what people will try to convince you of, Bitcoin is a speculative asset and likely not something that any financial advisor would recommend that you build a portfolio around.

You have a good argument, but I still think and believe that Bitcoin is an asset, be it speculative or real, an asset is an asset, what ever has the ability or potential to bring profit is an asset.
Speaking of speculative bitcoin being a speculative asset, Gold and other precious stones, stocks etc can all also be considered speculative too since their prices can rise and fall too, the same way Bitcoin has made alot of people rich as well as poor, same way has gold, stocks made people rich and some other persons poor too, all depends on one's level of financial knowledge and decisions taken and when.

OgNasty

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

I don't think that Bitcoin would be considered a real asset in this context. I believe he's talking about things tied to real businesses or other sources of real world income. For example, rental properties or stocks of longstanding profitable companies that pay dividends. In spite of what people will try to convince you of, Bitcoin is a speculative asset and likely not something that any financial advisor would recommend that you build a portfolio around.

The Cryptovator

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In general, we love Bitcoin and we believe Bitcoin is a virtual currency that has been called cryptocurrency. A few centralized organizations mentioned Bitcoin is an asset that is a virtual asset. Investing in Bitcoin means you are holding this currency or assets that don't give any guarantee of return. Holding value would decrease or increase. Like if you hold fiat (USD), it's the price would up against your local fiat or would decrease as well. So it depends on you how will you welcome Bitcoin. Investing in crypto always remains risky. So you have to decide yourself what you have to do.

Dunamisx

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

An asset is something that brings in money (profit) into your pocket and not contributing in taking away either, money to me is not an asset but can be used to acquire an asset because money can be inflated in an economy, anything you can use money to buy and after some giving time still comes with a return on investment is an asset, bitcoin is a good source of an asset because it an investment you could made to turn a good return over time provided that you learn how it been done, another proof is your search on the internet, you could see that bitcoin among other form of assets where listed as source, i believe that bitcoin wasn't invoke as at when the book rich dad poor dad was launched else it would have been among the available options.

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Quote from: Agathamay on September 10, 2022, 11:22:49 AM

Having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,
so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

I guess whoever told you a real asset is a money in your pocket was totally wrong, because I too have read the book "Rich dad poor dad" written by Robert Kiyosaki and never for once did i come across such statements. A real asset is an asset whose value appreciate with time, of which a good example of a real asset is land, real estate and precious metals like gold, silver e.t.c
So Bitcoin can be classified as a real asset because it's value appreciate with time, which is why most people choose it as a store of value for long term investment

Z-tight

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Quote from: Zanab247 on September 10, 2022, 11:55:51 AM

Bitcoin is a real asset you can invest all your money and have something good to achieve at the end of the investment that will make you feel happy that you have a huge amount of money with you already.

For the love of God, do not invest all of your money in bitcoin, it is too risky to do, invest what you can afford to lose or your spare money, it is a long term investment and your profit will probably come in the long term, so it is unwise to invest with a lump sum, you either use your spare money or you buy with dollar cost averaging.

Zanab247

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Bitcoin is a real asset you can invest all your money and have something good to achieve at the end of the investment that will make you feel happy that you have a huge amount of money with you already. Since we are still experiencing bearish season in the market, showed that you can buy Bitcoin as much you want in this month of September and hold to watch how the bull market will show up for you to make a good income that will make you to believe that you invested on a real asset in the community.

Z-tight

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An asset isn't physical "money in your pockets", it's is something valuable that 'generates money for you'.

Bitcoin is first money, then secondly an asset, it is money because it can be used as a medium of exchange, and it is an asset because it has value and usefulness, and in the long run it can generate profit or money for you. How do you invest in an asset like bitcoin:

research and know more about it, to prevent scams, fud and fomo
invest what you can afford to lose
make sure you understand it is a long term project
be patient and wait for the long term
...

Agathamay

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While Going through the book Rich dad,poor dad my mind refrain back to this; INVESTING FOR A REAL ASSET

And it says a true luxury is a reward for investing in and developing a real asset.having read that I was contemplating and as well need clarification for this.If BTC is an asset.because it was said that an asset is money in your pockets,so how does BTC relate to being a real asset,and what is a real asset and how do you invest for a real Assets.

Topic: Investing for a real Assets - page 3. (Read 546 times)