BTC India
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As the title says ,,, I’m in a dilemma. I have the opportunity to buy a house but that would mean selling most of my bitcoin that I have held for 7 years.
Probably the hardest decision of my life .
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View Reddit by harbsco777 – View Source
tricky.
Ultimately, the point of getting into bitcoin in the first place was to enrich your life, if this investment can now pay for a home that does just that, well then mission accomplished.
I will also be cashing out to buy a house in a beautiful mountain town, and i will be buying in cash. That’s why we do this, to buy real world assets with our gains and escape debt slavery. Don’t worry, you can reaccumulate during the next bear market
can you live in your bitcoin rent free? will your bitcoin shelter you from a horrible storm. will bitcoin keep you warm on a chilly night? buy the house, who knows what the future holds for yourself and for bitcoin,
Why doing it right before the euphoria of ETf and halving?
I would be willing to sell a small portion of my stack but never the majority. Especially right before a very likely bull market. Can you wait a year?
Bro I can’t stop thinking about selling my house for Bitcoin…
Look at it this way: if you can buy the house without having to loan money from the bank thanks to your BTC, that means you won’t have to pay back the bank every month for the next couple of decades
That’s several hundreds of dollars you don’t have to pay every month. I’d call that a win.
Plus, having a roof over your head has always been considered a good, safe investment.
of course, what are you holding it for? to buy a fucking yacht ?
I would do it but not now, I would wait for it to pump some more.
The best (and worst) day of my life was November 1st 2021. I sold everything I had been collecting since 2018 to put a down payment on my first house.
I have been buying back in ever since with the hope by 2028 I can pay it off.
But knowing damn well one day I’ll look back and realize how much BTC I once had is gone forever. But fuck paying rent. I’d rather live here in an average house for the rest of my life.
In a heart beat
There’s absolutely nothing wrong with replacing digital property for physical.
I would however strongly recommend not even considering this until at least 6 months after the halving.
If you don’t at least wait till this last pump you’ll regret it. Everyone knows this bullrun is gonna be a bit different with depleting supply, upcoming supply shock, demand shock from the etf… it’s going to be a good year next year…
You gotta think too, you’re going to be selling bitcoin at the bottom of this cycle and buying a house at the top of its cycle… both have recently switch momentum this year. I’d strongly urge you to just wait one more year. I’m
Wait until about a year after the halving & sell much less BTC at an all time high
If you can’t wait, get a mortgage and sell only enough each month to pay the monthly payments if your income cannot pay it all. Then pay off the principal at an all time high
If all you do is sell 50% at 80k, you save half your coin
Most of us wish we could go back and say we have held bitcoin for 7 years to buy a house. It’s not like you’re contemplating gambling or buying a depreciating asset like a car. A home is an investment too. Sure you could have FOMO down the road if the price goes up, but it could also go down and then you regret not buying the house, so I would do what enriches your life. You only have so many days on this planet to make it count.
I would only sell my bitcoins to retire and financially set myself and my family.
I rather rent and keep using excess savings on buying more sats.
Just me though
Edit: I think when BTC overtakes gold as the #1 asset in market capitalization, I should be set for life.
I did,
And I will again
If you’re never gonna sell your bitcoin, just throw your keys away
If anything wait till 6 months or so after the halving
If it’s my deam house, yes.
But that would mean BTC above 1m USD per coin. So dream is still far far away.
Right now? Fuck no.
You’ll be able to buy 3 houses if you just hold on a bit longer. Maybe 10 houses if you hold 5 more years.
You’re going to regret this.
I would if it meant I was financially free doing so. Till then, I’m keeping my BTC
If it buys it outright go for it. Then instead of paying a mortgage every month just buy Bitcoin.
WAIT – borrow against it when bitcoin is inevitably worth more
you can have your cake and eat it
NFA
Can’t live in a bitcoin lol
I did two months ago then my fiance (8yrs together) left me out of nowhere and Bitcoin went from 28k to 44k.
Been spending the money on liquor and tattoos.
Tldr: don’t sell.
I’m in the same boat. Millennial who missed the boat on an affordable house and personally, I’m waiting until after the halving, if it goes up enough, I’m cashing out to buy a house. BTC might be my only option to beat the system and buy a house. It served its purpose. I will say, ideally, I wouldn’t cash it all out. Just what I need for the house. Would love to hold a majority until 2025. IDEALLY. Lol funny saying.
My way was that I pulled out enough, that I can pay off my home within 10 years with the same amount of money I payed rent back then.
Just enough for a low interest rate and a payable monthly rate.
I pay off with my salary and kept the rest in bitcoin which also kept grewing the last years.
For me, it seemed more logical to leave as much in crypto as possible but still making a step further in my dreams (own house, enough money for my kids and wife, etc.)
Maybe this helps you.
For me, it worked perfectly fine
Buy half of the house, get a mortgage to cover the other 50%. You’ll have a house and more than a half of your current bitcoin.
Real estate is one of the few hard assets you can diversify into as a Bitcoin owner.
The money that you’ll not be paying into interest versus the principal of a home loan over a 15 or 30-year term is pretty astronomical. If you can realize the difference, and DCA back into Bitcoin – it could be a good move. DCA is your new mortgage payment, but you collect the interest.
If/when we hit 80k, you can sell half for the house and keep half of your stack. Hold on for at least one more year, dude. Just rent.
Owning a house with not mortgage is one of the best things you can have. Drastically reduces cost of living or if you want to live somewhere else is an easy and fairly reliable source of income.
Also a much more stable way to store your money than BTC.
No, I get loan and use bitcoin as collateral
I did that in ’21. Certainly don’t regret it
yes
Go for the house of is a great investment and you can monitize it
House most definitely
If you believe in the future of bitcoin, then you might want to explore getting a bitcoin backed loan if you have the cashflow. I would not sell my bitcoin, but the future is unknown and I don’t know your financial and social situation.
No-brainer. That’s what you got it for.
Yes
I’d wait 2 or 3 years sell bitcoin at top of its cycle, and hopefully home prices come back down to sanity.
House or virtual coins that don’t do anything. The whole point of “investing” is to cash out once you can, it seems like you are there
Bradddah. A house is a home. You’ve been scrounging and saving for years and now you can afford to buy a house… Go for it. In fact, ask the realtor if it’d be possible to pay in Bitcoin so you can avoid being taxed twice (Once for the btc sale and once for buying the property).
Pros: YOU WILL HAVE A HOUSE! Free and clear as it were. No mortgage. A place to live. It doesn’t appreciate the same rate because does BUT it keeps you warm in winter cool in summer and out of the rain/snow.
Hold until
After 1/2ing then see what it looks like
I did, sold at 15k so I missed a lot but I realized being happy and owning a home is way more important than being rich when I’m old.
Yes you only get one life and if you can sell and fundamentally and permanently improve your life by doing so then do it.
A good paid off property may be a better investment long term. If the coin crashes and never comes back, will you have another opportunity like this?