Unpopular opinion: selling your bitcoin to pay off your house is not a bad idea.
Being completely debt free and continuing to stack sats for decades will give you full control over your time for the rest of your life.
Discussion
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(Especially if you have a family with young children)
But the idea of taking on a mortgage to buy more sats was tempting when rates were 3% or so.
Definitely. I feel like the temptation to take on debt to buy bitcoin will always exist. Especially since it almost always makes mathematical sense if you can be prudent
I’ve been mulling this stuff over too. I keep thinking I might never be able to get this amount or bitcoin back if I do though. Especially if you can refinance to ~3-4% later. Always have to pay property taxes too (unless?)
Very high risk at not being able to get your current stack back and something to strongly consider.
That said, if you calculate the amount you save every month by not having a mortgage, use all of that to buy bitcoin (big assumption), and you take advantage of the next 75-85% bear market (there will be one), then i think it you’ll come out on top.
Also keeping in mind that you are completely debt free, and that is valuable in and of itself.
Say you have a mortgage of $4k a month. You pay off your total mortgage of $500k (or whatever) or 5 bitcoin. If you put $4k a month towards Bitcoin and it magically stays at $100k for the next 5 years, you’d only get 2.4 bitcoin back.
Yeah no doubt you’re right here. You’ll always have more bitcoin if you’re willing to mortgage your house to get the cash to convert to btc.
I think it’s safe to say if you knew with absolute certainty that btc is going to be trading at $500k+ after 2030, you’d just keep your stack
But if you had enough bitcoin to pay off your house twice, you didn’t do it, and then the price dropped by 80%, you’d be quite a wreck in my opinion.
Bitcoin is incredibly stressful to hold onto and I think that’s something bitcoiners aren’t quickly willing to admit
Bro my mortgage rate is 0.87%
I ain’t paying anything off 🤣
Yoo 😂🤯
Its never your house !
Neither is the paid off house
You yearly pay your rent to the government
Sorry thats exactly what i meant i was replying to the first message
Oh haha we’re on the same page bro
Its not just an unpopular opinion its downright insanity i am just selling a property i bought at the time i was a bitcoiner but i wanted a base in the country so i aet it up as a rental. At the time it was worth around 300 bitcoins now it is worth 5. I worked it all out i could have had around 25 million and none of the hassle. After all the renovation and maintanence costs and fiat value melting like a giant iceberg instead i made a small loss. Lesson learned will never invest in property again however land with water, energy and resources ia another matter
House ownership as an investment is a scam due to property and maintenance costs
Yip when you wake up everything is a scam in fiat world, shipcoins everywhere. I also set it up in bare trust through a business which is the only true way of sovereign ownership.
Oh and happy birthday you glorious decentralised human still not rug pulled by life. May your keys stay safe, your sats multiply and your shitposts go viral. Stay free