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Originally Posted by the urban politician
Everybody already wants this, trust me.
The talk about the Case-Schiller Index and metro Chicago's sluggish property values which lazy cherry pickers like to quote tells nothing about what's been happening over the past 8 years with multifamily.
Prices have been up and up, particularly over the past 3 years. Good deals are harder to find. I picked up a huge 3 flat in Ukrainian Village in 2011 for $235k. That would be unthinkable now. If we get HQ2 it will be pure insanity
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If we get HQ2 I'll never have to work again. If they land on the South or West side of downtown neither will my children. (Though I'm going to work anyhow and tell the kids we are teetering on the edge of bankruptcy).
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Originally Posted by marothisu
I'm not really sure you fully understand the potential power of the implementation though or what's so interesting about the development. What happened over a few months at the end of 2017 was pretty dumb but it was indicative of a bunch of people investing in something they have no idea about. As someone who is in the financial industry as a tech person too, I'm more interested in other things about it. It had useful applications, but the majority of coins are pointless. Those who understand what a cryptocurrency actually is understand that. It's simple business. Unfortunately most people don't understand...even those who have earned millions.
Read about financial tech systems, then learn about the tech of something like bitcoin and I think you'll begin too see why this could be important from that perspective, or an important lesson for something else in the future.
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What happened at the end of 2017 was kinda like when you build a little dam at the beach or in a creek and then a small break forms are water starts pouring out faster and faster until you can react and plug the gap. It's like that, but with money and China. The bit coin bubble was almost entirely fueled by cash pouring out of China before the CCP could plug the gap. There's intense pressure for capital flight out of China and for capital flight into the US right now. We are at a rare financial crossroads where yields are actually higher in the lowest risk economy in the world than many other higher risk places. This creates a big sucking sound as capital piles into the US. Bitcoin was an excellent way to launder money out of China into the US without the commies catching on.
Now that they plugged that hole bitcoin has defalted to more reasonable levels.
Also, you are correct that cryptos aren't going anywhere, there's real value there. However it's just like the early days of the internet, there's going to have to be a big shakeout at some point that will reveal who's Amazon, Google, and Facebook and who's pets.com.
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