Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 22/09/2020, 15:07:52 UTC
Better version: If you intend to sell it all when moon, sell only 90%!

The question is: sell it for what?

I have a 2nd house. A nice house. I got some offers to sell it. But then I thought, do I need the money? I don't. So, why sell it? To put some money in the bank "for the future"?

I've kept my 2nd house. Of course, there's the option to convert it to corn (I know I'm going to be crying when I read this post 5 years from now), but I still want to have a hedge against any "unforeseen extinction event".

Maybe sell 50% of your stash "when moon"? Or sell whatever you need to do certain things. And keep selling as your needs develop?

{...insert Morpheus/Neo meme here...}

Property is one of the assets in which we will see inflation (brr) really having an impact.  This will be true of all value stores (gold, collectibles etc) and a certain class of consumable items (healthcare, education, ammo).  Where as other consumables (cheezeburgers, toilet paper) will not be hit by inflation as much.  And Fiat will be the very most dangerous place to store value.  Unless all you intend to buy is cheezeburgers and TP. 

I would think selling your house to have "money in the bank" is most likely a TERRIBLE strategy (not saying you don't realize this) at this time.  UNLESS you "house" is commercial real estate... then selling is a different story, I'd think. In fact now buying a third house would be a more compelling idea for you, I'd think.