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.
The main reason why we are holding our bitcoin is to earn more profit so that we can buy what we want to buy. So, if ever you have enough bitcoin to buy or build a house, don't hesitate to withdraw or convert your bitcoin to buy your dream house.
Yes, we are holding bitcoins so that in the future they can afford to buy something big like a house. We just have to wait until we have enough money to buy the right thing.