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I Love Bama
| Favorite team: | Alabama  |
| Location: | Alabama |
| Biography: | Money, Women and Food |
| Interests: | Football, good food, good beer and LLOTOT |
| Occupation: | Stop trying to stalk me |
| Number of Posts: | 37737 |
| Registered on: | 11/3/2007 |
| Online Status: | Not Online |
Recent Posts
Message
re: Thinking of buying an apartment complex
Posted by I Love Bama on 5/26/24 at 11:12 am
If the numbers are correct, it is not just a good idea, its a GREAT idea....
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re: Official CryptoTalk Thread
Posted by I Love Bama on 5/26/24 at 6:51 am
I'm reading more about the ETH ETF and was hoping you guys can clear something up for me.
ETH has a staking reward of 2%-4% correct?
As a commodity ETF, there is no yield allowed.
Why would an investor lose out on 2%-4% yield by putting money in an ETF?
What am I missing?
...
re: Thinking of buying an apartment complex
Posted by I Love Bama on 5/26/24 at 6:43 am
I appraised multi-family for 6 years when I was younger. Happy to look over it if you wish.
Just be sure you are analyzing audited P&Ls and not valuing this thing based on some made up pro forma that brokers are famous for doing.
Like I said, deals like this really don't exist. If something h...
re: Thinking of buying an apartment complex
Posted by I Love Bama on 5/25/24 at 9:23 pm
Are you sure your numbers are correct?
A 17 cap rate with room to go higher?
If the numbers you are saying are accurate it’s the deal of the century.
I feel like you are leaving information out or missing something here.
Deals like this don’t exist. ...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/25/24 at 11:58 am
[link=(https://www.wpr.org/news/wisconsin-invest-bitcoin-efts-uw-whitewater-professor)]Slowly, then suddenly. [/link]
Are your bags packed?
ETA: Be sure to read the last paragraph and let that digest. After its digested, do the math....
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/22/24 at 11:00 am
Very big deal and it removes a big portion of the risk investors have faced. We should run hard after this.
Correct me if I am wrong, but this paves the way for banks to hold bitcoin and make fiat loans against the asset.
I don't think we see this for a few years as we still have too much vola...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/21/24 at 7:02 am
You are really stretching. lol.
I live next to a coffee farm and they would tell you it’s the same product now as it was 100 years ago. ...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/21/24 at 6:48 am
[quote]I understand who you are now. [/quote]
Tongue in cheek of course but also some truth.
Can you name one person in the Bitcoin community that if they died today, it would tank bitcoin 50%?
If Vitalik dies today what happens to eth? If you are being intellectually honest you know the ...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/21/24 at 6:42 am
[quote]The strength of Ethereum is that the community welcomes change (via community consensus). [/quote]
It is a strength. Agreed.
But What commodities have the ability to change?
Orange juice
Coffee
Oil
Cattle
Gold
Silver
Etc.
It’s ability to change is why it’s not a commodity...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/20/24 at 5:58 pm
[quote]
Who issues the new ETH to investors?[/quote]
Now? Or in the past or future? It's hard to answer because ETH has a history of changing the rules via their CEO recommendation. LOL :lol:...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/20/24 at 5:57 pm
[quote]Satoshi has over a million BTC, valued over 60 billion dollars.[/quote]
Who did he raise money from?
Bitcoin traded at $0 for a LONG time.
...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/20/24 at 4:30 pm
Raised money and literally had an ico. lol.
Like 60% of the coins were given to first investors.
...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/20/24 at 3:39 pm
I was very wrong on this.
I don't see how they can not call this a security, but happy for the ETH holders. :cheers:...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/18/24 at 3:14 pm
Yep.
Even people like me who use cold wallets will be tempted to just leave it with Fidelity.
So much less friction.
Trying to explain cold wallets to someone whos not balls deep in crypto is almost impossible...
re: Anyone buying MicroStrategy Inc (MSTR)?
Posted by I Love Bama on 5/18/24 at 11:30 am
[quote]
Ended up parting ways with one of them today at 1400% gain. Still holding the other for the moon shot[/quote]
Beast!
...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/18/24 at 10:49 am
[link=(https://www.ccn.com/news/crypto/cme-spot-bitcoin-trading-threatens-coinbase-etf-dominance/)]LINK[/link]...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/16/24 at 6:02 pm
For the average person, I think the ETFs are fine. IBIT has the lowest expense ratio.
Buying bitcoin and holding it on your own wallet is by far the preferred method (not your keys, not your coins) but there is a learning curve and i've seen many people struggle with it.
Buy a hardware wallet ...
re: Official CryptoTalk Thread
Posted by I Love Bama on 5/16/24 at 5:44 pm
[quote]The Chicago Mercantile Exchange (CME) announced today that they have plans to make the Bitcoin Spot ETFs available for trading on their exchange.[/quote]
Saw that. Coinbase is going to get left out in the cold it looks like.
[quote]It's getting to be more and more like a feeding frenzy....
re: How High Do you think Nvidia stock can go?
Posted by I Love Bama on 5/16/24 at 9:32 am
[quote]Ai is fake and isn’t gonna be ready to do anything major within the next 5 years[/quote]
AI has already replaced about 50% of what my lawyer does for me in my government contracting and real estate biz.
I have three Colombians that work for me and do not have perfect Enlgish, they use i...
re: How High Do you think Nvidia stock can go?
Posted by I Love Bama on 5/16/24 at 8:10 am
I think it really depends on what the competition can accomplish in the next few years.
I don't think there is any doubt that AI is going to have an equal or greater impact on humanity than the internet did and right now Nividia is in the lead to take advantage of that.
...
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