βshould I sell my #Bitcoin for a downpayment on a house?β
if you have to ask, yea hand em over dog you not ready
Discussion
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Wait until _some_ of your bitcoin buys a _whole_ house.
Spending *some* Bitcoin on a house is a valid and useful purchase. Spending ALL of it, or spending any on a house when you already have one, is a terrible decision.
i would opt to finance first before selling, or take a loan out on some pristine collateral.
renting is great too
buy in peak bull market with btc, tends to be more deals during then
time it well enough, good play
buy a tent π€
if u can time the market correctly lmk i know some ppl that would love to hire u
eh, don't have mark the top, but to be there abouts isn't that complex
Renting is terrible if you plan on staying somewhere for a long time, depending on current interest rates and hinge prices in the area you're in of course.
I would definitely finance before spending. Although when 1/4 of my stack pays off the house, I'm going to pay off the house. Then I can start stacking super hard without a mortgage to pay every month.
I'm excited to see what kind of Bitcoin backed loans come out of this next bull run.
i love renting, can dip at anytime and scale up or down, move as it suits me. but if you have kids itβs a different equation
Yes, job at a local business, I don't plan on a career change, great city, kids. Investment in shelter is a no brainer. Renting has it's benefits for sure but I think everyone should make it a goal to have some property of their own. Good news is now we have Bitcoin, so anyone can get property at any price they can afford! Meat space property should be a goal too though.
agree
I did, back in 2018, but I didn't have to ask or think twice about it. There is no price that Bitcoin can ever reach that will make me regret giving a home and over an acre of quiet woodland to my wife and 6 kids.
Some things are worth 22 million bitcoin, and infinitely more.