Evening everyone....

So this afternoon I went on an estimate for a fairly large kitchen job. It was in a town named Mendham, New Jersey. Which is one of the most affluent towns in state. The average house price is around $800K, and that’s for a shack.

Well the house I went to was by no means a shack. The kitchen is a mere 23’x28’ which is just under 650 square feet. Not the biggest that I’ve done by any stretch but I very nice sized layout.

The kitchen isn’t even five years old, but the layout is absolutely horrible with tons of wasted opportunity. Example: the refrigerator is on the opposite wall from the stove and oven roughly twenty feet away. The sink is in the far corner also on the opposite wall of the stove.

It was done by the previous owners just before selling the house........

While none of this really has anything to do with this post. I thought I’d intro how I get to the topic of this post.

These people have money. While I don’t know exactly what the husband does for a living. He is well versed in both technology and finance. On his desk was a whole bunch of different nick nacks and framed art of Litecoin, NEO, Bitcoin, EOS, etc.

So what started out as a mention of crypto turned into roughly a three hour conversation. And wow did he totally blow me away with some of the stuff he said.

He is heavily into crypto, and has made enough flipping that his house is 100% paid for from the profits of them. I just did a search of the sale price of the house, which was purchase in March of 2018 by them. It was bought for 1.6 million dollars.........

While I could probably break this discussion into about a weeks worth of posts easily. There was so much that he touched on, I’m still trying to digest most of it.

Without getting really long winded on this, he has been in the crypto market since very early inception. He had Bitcoin at less then a dollar, but sold most of it when it hit $50. He has bought and sold it a ton. He has done that with numerous crypto’s with Litecoin being one of his favorite coins.

Now to drop the bomb......

His analogy of the crypto market is going to in the end be the biggest Ponzi scheme ever pulled off in the history of the world. As I stated he is very heavily invested in crypto, and thinks there is going to be one hell of a bull run again. But he also said that if you get greedy you’ll end up broke when the crypto world crashes.



He didn’t exactly go into detail but said that the crypto market can get the plug pulled on it at anytime by the right people breaking anyone holding.

Again, I don’t know anywhere near enough on crypto’s to agree or disagree with this. But after talking with him, it really makes me wonder.....

What do you think?????