Comment by webdevver | Hacker News Reader

Comment by webdevver | Hacker News Reader

its kind of fun now, in the 'post crypto' era.

i used to think, well the 'serious' stuff is stocks, PMs, RE, etc., but crypto is a 'shitcoin', a 'gamble'.

but infact, it recently dawned on me, its (almost) the other way around. everything is a 'shitcoin'. your real estate is a 'shitcoin', and can get 'rugged' with crime rates, or tax band shifts, or legislative changes with the sole purpose of winning populist votes. stocks can (and have) been getting rugged. gold got rugged recently (although now recovered.) cash gets rugged with money printing (but everyone already knows that.)

for a long time i felt an implication that there's a 'safe house' for your resources, like in a video game, but at your choosing you can 'leave' the safe house for a risky win. but thinking about it more - that's a very 90s US-centric viewpoint of 'the end of history' - no, you can get absolutely screwed doing the 'right thing', playing 'smart'. you can do your homework and get deep fried anyway.

i'm actually not sure which is more risky: holding bitcoin or real estate. genuinely, which is more dangerous?

Well, it would depend greatly on which real estate you mean. There are empty cities in China which testify that real estate can, in fact, be very risky, but most real estate is not like that.

Lots of other places where it is certainly not safe, but in the end you can at least use it as a place to live (unlike the Chinese ghost cities), whereas Bitcoin does not have any intrinsic use (even T-bills can be used to pay government debt such as taxes).

> i'm actually not sure which is more risky: holding bitcoin or real estate. genuinely, which is more dangerous?

You can look at past statistics and volatility. The answer is clearly that Bitcoin is far more risky on average. This is an objective question with an objective answer.

rugged doesn't seem the right word. A rug pull represents the person creating and controlling a thing deciding to reveal it to be a scam and cash in at the expense of the suckers. Things like that tend to be illegal in the analogs you talk about.

> i'm actually not sure which is more risky: holding bitcoin or real estate

Both can have wild swings in valuation, but at the end of the day, you still hold something by owning real estate.

> at the end of the day, you still hold something by owning real estate

Unless you fail to keep up on rent^Wproperty taxes, in which case you will find that someone comes to take it away from you.

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