O/T *******...get ready

[John2]

Yes, they would be downsides. House prices falling could be either a symptom or cause of an economic downturn depending on the cause. In every market there are winners and losers. Homeowners are the losers when prices fall and then winner when they rise. Its like trading stocks, just much more illiquid, sell at the top and buy at the bottom is the game.

[Galant]

Yes, they would be downsides. House prices falling could be either a symptom or cause of an economic downturn depending on the cause. In every market there are winners and losers. Homeowners are the losers when prices fall and then winner when they rise. Its like trading stocks, just much more illiquid, sell at the top and buy at the bottom is the game.

Absolutely right John buy at bottom sell at top. 90% of private investors do the exact opposite (they are poor and as a result are heroes in South Yorkshire - those who are successful instantly become the enemy and need to be taxed to the hilt in order that their well earned money is given to those who repeatedly fail - this is called social justice apparently).
The problem with ******* as a currency is that no one promises to pay for them. With a paper (fiat) currency the people printing it promise that it has a value. If you are investing in ******* you have nothing to back it up other than the belief that someone will give you something for it because they believe it is going to go up - when that belief disappears - well we have seen what happens.
To get wealthy you have to take risks - find something that is not popular and buy that.
If you are rich then you need to preserve your wealth and gold and Mars bars have proven excellent at that over the years (gold for thousands of years and Mars Bars for going on a hundred years).
You make good points on housing but you can still buy one for £30,000 in Rotherham and the constant flow of migrants has slowed a bit but we still increase the population by a million every 4 years so still plenty of demand. As for older people not understanding technology - I think you miss the point. The 80 year olds have been alive for all of the time that the 30 year olds have - they have seen everything that the 30 year olds have and 50 years more besides that. They have seen fads come and go and also seen that some things are successful and some things are a worthwhile way to spend your time and others are a waste of time. e.g. Facebook - age is no barrier but older wiser folks will avoid it as it is a waste of your life. On-line insurance - great you get to shop around and get the best deal from your sette. older people are just more discerning and generally speaking wiser.

[KerrAvon]

There are two types of investors - those who say they can time the market and honest ones.

It's nice when you get it right.

I don't understand this thread. John will have seen a huge rise in the value of his ******* investments in the time that he has been waxing lyrical about the subject. Fair play to him. Why start a thread simply because some people are predicting a bit choppiness in the future?

[gm_gm]

You're right Kerr armchair IFAs are nearly funny as betting gurus when they win.

Regulation (if you have ever been regulated by the FCA you will understand) isnt choppiness or to be taken lightly, the costs are passed on to the investment companies who pay four separate levies directly to the FCA based on their turnover, that reduces returns. Secondly, compliance functions add further costs to the investment companies as they will either need in-house or outsourced compliance functions. Thirdly, they will need mandatory insurance to cover the risk of their trading and investment activities (again not cheap)

[Pacaman]

Yet to meet anyone that buys at the bottom or sells at the top. Only in films does that happen.

[welovebooth]

The thing is the market is expected to not rise much this year because of Brexit than until 2020 it's expected to rise year after year

49 per cent rise is a good profit and I can understand wanting to cash in on it while you can.

The only time the housing market will bust is when we are in another recession.

[John2]

The problem with ******* as a currency is that no one promises to pay for them. With a paper (fiat) currency the people printing it promise that it has a value. If you are investing in ******* you have nothing to back it up other than the belief that someone will give you something for it because they believe it is going to go up - when that belief disappears - well we have seen what happens.

******* is literally no different from fiat currency. Currency is primarily a social creation, something as a society we agree to use as a medium of exchange.

Paper money is backed by the government. What does that mean? It means they tell you its useful as money and we all go along with it. As soon as society starts to lose confidence in their government/money, it becomes worthless. History is full of examples of currencies hyperinflating out of existence, go ask the people of Venezuela or Zimbabwe how much it means that the government backs their currency.

With *******, its backed by code and mathematics rather than governments. People don't need to trust that a government won't inflate its value away, we know precicely the number of *******s in existence and always will. Governments change, over the next 100 years who knows what monetary policy will be adopted. We've seen governments struggle with inflation, look at 1970s Britain. With ******* we never need to worry about the impact of the monetary whims of the government of the day, we have something which is apolitical, and truly global.

All currency works as the way you describe *******, it only has value because you believe somebody else will exchange it with you in the future. If you understand the code, you realise ******* will outlast any fiat currency. As long as there is an Internet, there will be *******.

[gm_gm]

******* is literally no different from fiat currency.

Hope you are enjoying the piste...where abouts are you?

John you previously spent an age telling us how different it was to standard currency, also Im sure you said it couldnt be regulated as well (happy to be proven wrong on this but someone did)

[Grist_To_The_Mill]

Hope you are enjoying the piste...where abouts are you?

John you previously spent an age telling us how different it was to standard currency, also Im sure you said it couldnt be regulated as well (happy to be proven wrong on this but someone did)

I get this feeling that when it suits them the traditional regulated banking system will kill ******* off, and that moment isn’t far away.

If John becomes a bit coin zillionaire he can come back, buy the club and spend loads of cash to get RUFC to the top of the championship and winning the Champions league.

[animallittle3]

******* is literally no different from fiat currency. Currency is primarily a social creation, something as a society we agree to use as a medium of exchange.

Paper money is backed by the government. What does that mean? It means they tell you its useful as money and we all go along with it. As soon as society starts to lose confidence in their government/money, it becomes worthless. History is full of examples of currencies hyperinflating out of existence, go ask the people of Venezuela or Zimbabwe how much it means that the government backs their currency.

With *******, its backed by code and mathematics rather than governments. People don't need to trust that a government won't inflate its value away, we know precicely the number of *******s in existence and always will. Governments change, over the next 100 years who knows what monetary policy will be adopted. We've seen governments struggle with inflation, look at 1970s Britain. With ******* we never need to worry about the impact of the monetary whims of the government of the day, we have something which is apolitical, and truly global.

All currency works as the way you describe *******, it only has value because you believe somebody else will exchange it with you in the future. If you understand the code, you realise ******* will outlast any fiat currency. As long as there is an Internet, there will be *******.

Is this another example of the free market looking to avoid government scrutiny John ?

I'm speaking as a layman here and I'm left wondering in light of let's say past financial misdemeanor's that any regulatory government policies are trying to be avoided .

I'm just asking the question mate and I'm not going to debate the rights and wrongs here .

Would appreciate your view john as I say I'm a laymen on this subject .