Re: Bitcoin or Property? What might be the best investment?
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Yea, the figures I used was just a thumb suck scenario and probably grossly exaggerated. Most people are not as lucky as you to deduct your home loan payments for tax purposes. You from Europe? / UK / USA / Asia / Africa?
Based on last years growth of over 800% in one year from my Bitcoin investment, I would have been able to buy that house from the profit I made in 1 year.
Some people are even saying that it would be better to save that money in a Bank at a fixed interest rate.
Yea, the figures I used was just a thumb suck scenario and probably grossly exaggerated. Most people are not as lucky as you to deduct your home loan payments for tax purposes. You from Europe? / UK / USA / Asia / Africa?
Based on last years growth of over 800% in one year from my Bitcoin investment, I would have been able to buy that house from the profit I made in 1 year.
Some people are even saying that it would be better to save that money in a Bank at a fixed interest rate.
I'm from the EU... And yeah, i do realise i'm pretty lucky i can deduct my intrest from my taxes
In the end, for me it's pretty simple: i have a kid, it's my duty to make sure she has a roof over her head, food on her plate, gets a good education, can go to a doctor when she's ill... I realise that if i'd invested all my money into crypto when i first heared about it, i would have been rich by now, but like NeuroticFish said: it's a high risk investment, and i don't gamble with the health or happiness of my kid. If i'd invested everything into crypto, i could have lost everything, and by now i could have been living in a social housing block. I realise that i missed out on really big profits, but at least my kid will have a house when i'm gone
