If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Of course you should. Just i would cash out 60% only and keep rest for future or something else, in case that price rises even more. So yeah, if price will be ever high enough for you to buy house, then you should do that. Bitcoin price might fall down or you simply might lose them, but if you buy house before that nobody will take it from you.
Who told that nobody can not take it from you, if your property value goes up then their are chances of political person or any high profile likes your property then they will force you to leave your property. So their are always danger in any position, but it is true that investing in property is good idea because life's 50% of expenses is on giving house rent , so the main problem will be solved if you have own property and Bitcoin can fullfill your wish.
Well yeah you can say that there is risk like this to lose your property... But chances are really tiny, it probably won't ever happen if he would buy it. I think chances that hackers will steal his bitcoins or that he will lose them are much higher, and of course chance that bitcoin will crash is even larger.
