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Evergrande and Fantasia Crisis Update

October 6, 2021

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Biz Coach, Super Joe Pardo reacts Evergrande still being halted on the stock market as well as two other major players in China’s real estate having issues paying interest payments.

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Check out:
https://finance.yahoo.com/quote/3333.HK?p=3333.HK&.tsrc=fin-srch
https://www.bbc.com/news/business-58798625

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10 Comments

  1. Renaissance Novice says:
    October 6, 2021 at 4:20 pm

    Doge is trash. It’s a literal mockery of crypto. There are serious coins out there.

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    • Super Joe Pardo says:
      October 6, 2021 at 4:21 pm

      Which coins do you like?

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    • Renaissance Novice says:
      October 6, 2021 at 4:27 pm

      @Super Joe Pardo I live off of Bitcoin Cash. Cuban is on crack about not spending appreciating assets. That just means you’re saving money over if you had it in USD. Let’s say you get paid and convert it to crypto. Next week, if crypto is up 5%, you’ve saved 5% through appreciation. I use Uphold’s crypto debit card for groceries/bills etc. The way to drive adoption is to use crypto.

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    • Renaissance Novice says:
      October 6, 2021 at 4:27 pm

      @Joe Pardo I live off of Bitcoin Cash. Cuban is on crack about not spending appreciating assets. That just means you’re saving money over if you had it in USD. Let’s say you get paid and convert it to crypto. Next week, if crypto is up 5%, you’ve saved 5% through appreciation. I use Uphold’s crypto debit card for groceries/bills etc. The way to drive adoption is to use crypto.

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    • @renaissancenovice7202 says:
      October 6, 2021 at 4:27 pm

      @@SuperJoePardo I live off of Bitcoin Cash. Cuban is on crack about not spending appreciating assets. That just means you’re saving money over if you had it in USD. Let’s say you get paid and convert it to crypto. Next week, if crypto is up 5%, you’ve saved 5% through appreciation. I use Uphold’s crypto debit card for groceries/bills etc. The way to drive adoption is to use crypto.

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    • Renaissance Novice says:
      October 6, 2021 at 4:29 pm

      (obviously that’s an oversimplification since you’d still have to take capital gains tax into account)

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    • Super Joe Pardo says:
      October 7, 2021 at 2:25 am

      Interesting, so the debit card, converts to USD when you spend it so you can spend it anywhere? I will look into Uphold.

      So here’s an example of getting BTC and holding it. I mine ETH, get paid in BTC and I have zero intention of selling what I’ve collected through mining. Because I believe BTC to only go up as more countries adopt it, and less can be mined as the years move forward, increasing it’s value.

      I appreciate you watching and giving your insight!

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    • Renaissance Novice says:
      October 7, 2021 at 6:04 am

      @Super Joe Pardo yep, I would prefer not having to pass through USD but most places don’t take crypto yet.

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    • Renaissance Novice says:
      October 7, 2021 at 6:04 am

      @Joe Pardo yep, I would prefer not having to pass through USD but most places don’t take crypto yet.

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    • @renaissancenovice7202 says:
      October 7, 2021 at 6:04 am

      @@SuperJoePardo yep, I would prefer not having to pass through USD but most places don’t take crypto yet.

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