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Replying to Avatar David in TN

Financial question:

My home is estimated to be worth 630k, I owe 327k, 2.99% fixed 26 years left. If I borrow 177k of the equity at 8.5% over 15 years (leaving 20% equity in the home), and buy btc today, it seems like projections say I could sell the btc at some point in the future (1-5 years) and payoff both the primary and equity loan.

I know the mantra, stay humble and stack sats. And the inherent mantra, never sell btc. And I know I could get rekt if btc drops and doesn't recover in the next 5 years. But, I have the extra income to cover the equity payments now, and I've got the stomach toaggressive? (traded options for amseveral years).

Am I being too aggressive?

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Michael S Wildcard ✨ πŸ˜Άβ€πŸŒ«οΈπŸ—½βš‘ 8mo ago

Why trade an asset that is appreciating at 29% or more per year to pay off a loan that requires depreciating fiat to service.

Also a heloc will be significantly higher in interest. Either way I have no plans on paying ours off early. Maybe one day we'll have hyperinflation and a 1 billion dollar bill will take care of it. Lol

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