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.
You must define what do you mean with "very high figures".
But a priory my answer it will be following. Depends firstly from the number of bitcoins you have and the need for house you have. And from the market of the houses where you live. I will buy a house with bitcoin only if I would have minimum the double of bitcoins which I will spend to buy the house (not true in your case), if I will be in high need for a house and probably if the market of houses in my country will be a good one - which mean that the value of my house will be greater in the future (with big probabilities because no one known how it will be the prices of this kind of products in the future). Otherwise will try to buy it with normal money (with credit in your case).
You will have always the bitcoins as a warranty if you will take a credit. So why use bitcoin which can have much higher price in the future?
If you believe that the above "high figures" mentioned by you will be the upper limit of the price of bitcoin no one of my abovereasoning have meaning for you. But I think that the max price of bitcoin needed to much time to be reached. Not so early. In those suppositions are based all my above thoughts.
Anyhow these are only guessings. Everyone know himself what is best and is worst for him. So the right decision can be taken only by you.