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You present a sound argument for converting your earnings immediately into Swiss Francs or maybe gold, although I’ve never been convinced of the latter.
Maybe you have presented the argument elsewhere as to why having your name recorded on a computer program created by some Silicon Valley spin should give me and confidence that I’m not being had for a mug. But even if you convince me that Bitcoin is a valid store of value there is the problem that it’s price is so erratic that I could easily end up buying it at such an inflated price that future loss would be all but guaranteed.
Bitcoin is not for everyone. There are plenty that don't like or trust it. I'm not one of those, but each to their own. There is always gold, or houses, or stronger fiat currencies, though I have little trust in any of them.
Great writing as usual Dom and sound advice. I would add a selection of stocks into the mix too. Companies that can keep compounding overtime or own irreplaceable assets.
the best voice on How do they do it. Stopped watching
TV ages ago but used to
enjoy your work more then
the other chaps.
Investing in high value coins is the better option as bullion = Capital gains tax.
Some old cars like Fords
go for eye watering prices
soon to be classic motorcycles even some toys
are investment opportunities. Imagine buying a banger in a damp garage doing the freshing up but not ruining it's originality and selling it when the times right for 20K more then you paid for it.
Amigas, SNES and Dreamcast sold on car boot sales for £15 to £25 they now sell for a lot of booty.
People invested in glamping
startups,holiday home funding statics etc spread
your investments with stable and risk in the right amounts
Great piece! May I request a follow up with advice on how to practically convert all of your earnings into BTC (or gold) while living in an economy with all the bills (and taxes) due in fiat?
Thank you Dominic. We have close friends in Switzerland (I think they subscribe), and you are spot on.
Thanks Matthew
You present a sound argument for converting your earnings immediately into Swiss Francs or maybe gold, although I’ve never been convinced of the latter.
Maybe you have presented the argument elsewhere as to why having your name recorded on a computer program created by some Silicon Valley spin should give me and confidence that I’m not being had for a mug. But even if you convince me that Bitcoin is a valid store of value there is the problem that it’s price is so erratic that I could easily end up buying it at such an inflated price that future loss would be all but guaranteed.
That should of course say spiv not spin.
Bitcoin is not for everyone. There are plenty that don't like or trust it. I'm not one of those, but each to their own. There is always gold, or houses, or stronger fiat currencies, though I have little trust in any of them.
Great writing as usual Dom and sound advice. I would add a selection of stocks into the mix too. Companies that can keep compounding overtime or own irreplaceable assets.
Bitcoin is 90% owned by 1.5% of the participants. It the biggest scam on earth. You always need a greater fool to sell too who will pay more than you.
Entertaining and informative
the best voice on How do they do it. Stopped watching
TV ages ago but used to
enjoy your work more then
the other chaps.
Investing in high value coins is the better option as bullion = Capital gains tax.
Some old cars like Fords
go for eye watering prices
soon to be classic motorcycles even some toys
are investment opportunities. Imagine buying a banger in a damp garage doing the freshing up but not ruining it's originality and selling it when the times right for 20K more then you paid for it.
Amigas, SNES and Dreamcast sold on car boot sales for £15 to £25 they now sell for a lot of booty.
People invested in glamping
startups,holiday home funding statics etc spread
your investments with stable and risk in the right amounts
and adjust as needed.
Great piece! May I request a follow up with advice on how to practically convert all of your earnings into BTC (or gold) while living in an economy with all the bills (and taxes) due in fiat?
Haha. Well, obvs you have to keep some back