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.
yes, and you can buy other property that profitable for you. keep for some year and sold again
I have always advice to hold on bitcoins for a long period because this is the only way to become very rich. If someone plans to buy a house by spending bitcoins, he must do it only if he needs that house or plans to rent it.
This way either he will get a shelter or another source of income. Indeed it is a brilliant idea if not done only for the sake of fun. After all, bitcoin is a very precious asset.