Nathan Birch defaulting on IP mortgages...

Discussion in 'Property Market Economics' started by hash_investor, 5th Jan, 2018.

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  1. Westnblue

    Westnblue Well-Known Member

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    Local agent said they use rental income to pay thier staff & expenses then end of month do some juggling
     
    Westnblue, 5th Feb, 2018
    #501
  2. Seby643

    Seby643 Well-Known Member

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    So nathan birch is now selling computer hardware to mine bitcoin and other cryptocurrencies on his new fb page bdecentralised
     
    Seby643, 6th Feb, 2018
    #502
  3. TMNT

    TMNT Well-Known Member

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    Add jordan belfort to the list

    The guy screws people over and now gets teatedt like a rock star
     
    TMNT, 6th Feb, 2018
    #503
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  4. TMNT

    TMNT Well-Known Member

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    Just read all thw posts on the fb page for this year.
    Seems to me just post after post of random garbage based on emotional triggers
     
    TMNT, 6th Feb, 2018
    #504
    Invest_noob likes this.
  5. Noobieboy

    Noobieboy Well-Known Member

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    A bit late to the party with the current dip/crash in crypto market :cool::p
     
    Noobieboy, 6th Feb, 2018
    #505
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  6. MTR

    MTR Well-Known Member

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    Now I get it, notice threads are shrinking
     
    MTR, 6th Feb, 2018
    #506
  7. Noobieboy

    Noobieboy Well-Known Member

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    Yes. But it’s worth watching the stages of greef on the thread. Dropped from $800B market cap to $322B this morning.
     
    Noobieboy, 6th Feb, 2018
    #507
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  8. MTR

    MTR Well-Known Member

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    really, I thought everyone was going to become billionaires... Buffet called it a mirage....
     
    MTR, 6th Feb, 2018
    #508
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  9. spludgey

    spludgey Well-Known Member

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    Looking at crypto as a whole, it has always been cashflow negative. There's no way to make money from it other than the "bigger fool" principle and there are actual equipment and energy costs for mining and transactions.
    You might say that you can make money from it by mining as well, however, this really just dilutes the pool.

    There is no real utility for anyone using bitcoin. Currently I'm not even aware of you being able to lend it to charge interest.
     
    spludgey, 6th Feb, 2018
    #509
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  10. Invest_noob

    Invest_noob Well-Known Member

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    Reading some of the comments on his fb posts, these people are almost worshiping him now. It's pretty sad. After the crypto fad is done, I see church of Birchology as the next business venture.
     
    Invest_noob, 6th Feb, 2018
    #510
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  11. twobobsworth

    twobobsworth Well-Known Member

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    Lots of money to be made there! Although Hills Song is already one of his neighbours.
     
    twobobsworth, 6th Feb, 2018
    #511
  12. Graeme

    Graeme Well-Known Member

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    If you consider that $800 billion is about the market cap for Amazon, Apple, or Alphabet (Google), it shows how seriously expensive crypto got.
     
    Graeme, 6th Feb, 2018
    #512
  13. Noobieboy

    Noobieboy Well-Known Member

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    Yes. But importantly there is little liquidity. So that is not true measure. Low liquidity tends to compound losses or gains.
     
    Noobieboy, 6th Feb, 2018
    #513
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  14. TMNT

    TMNT Well-Known Member

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    Its very cult like and concerning when people start praising a property expert about their crypto currency opinions
     
    TMNT, 6th Feb, 2018
    #514
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  15. spludgey

    spludgey Well-Known Member

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    How dare you question the messiah!?
    I ought to have you stoned for that!
     
    spludgey, 6th Feb, 2018
    #515
    obiuquido144, RS Gumby, TMNT and 1 other person like this.
  16. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    He's not the messiah, he's a very naughty boy!
     
    Peter_Tersteeg, 6th Feb, 2018
    #516
    inertia, DW13, Blacky and 5 others like this.
  17. KinG3o0o

    KinG3o0o Well-Known Member

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    its always been the biggest loser.. but its in terms of mining.. the money is in alt coins
     
    KinG3o0o, 7th Feb, 2018
    #517
  18. AndyPandy

    AndyPandy Well-Known Member

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    Say whatever about Nath, he still likes you SS people.
    Screen Shot 2018-02-15 at 5.52.06 pm.png
     
    AndyPandy, 15th Feb, 2018
    #518
  19. Noobieboy

    Noobieboy Well-Known Member

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    Did he default on any yet? Seems like we have been waiting for aaaaaaaages.
     
    Noobieboy, 15th Feb, 2018
    #519
    Terry_w likes this.
  20. Perthguy

    Perthguy Well-Known Member

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    Not as long as we have been waiting for property prices to crash! :p
     
    Perthguy, 15th Feb, 2018
    #520
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