Post
Topic
Board Economics
Re: If Bitcoin goes up very high should i buy a house?
by
livinglightning
on 11/07/2017, 16:21:49 UTC
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.
I think you should buy a house. Buying a home requires a lot of money, if the bitcoin goes up the price you should sell to buy. The purpose of your investment in bitcoin is to earn a high profit, which is needed to spend on big money