RE: Will cryptocurrency trigger a real estate correction down-under?

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Will cryptocurrency trigger a real estate correction down-under?

in bitcoin •  7 years ago 

Honestly, I think that the vast majority of people investing in crypto are doing so with funds that they can "afford to lose" in principal.

I don't think you'll find many people that will be happy to offload their family home or investment property to invest 6 figures into crypto.

If anything, crypto profits would help the housing market as there might be a few people who can afford to buy a house all of a sudden if they've made enough of a deposit.

I highly doubt crpyto would have a negative effect on the value of property in Australia.

bitcoin
7 years ago by

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      ·  7 years ago 

    Thanks for your thoughts, and I truly hope so @farq. Over the past couple of months, I've personally seen regular folk get caught up in the hype and overextend themselves with their investments. The XBT current bull-run is certainly not helping curb people's FOMO. I suppose this behaviour is expected with anything novel. It's the rate of growth that scares me at times.

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