I will keep this short and simple.
So I have got this really good opportunity to buy a plot in my hometown. The value for it is bound to increase in near future as per the locality and developments around it.
To buy it I would have to sell my BTC (not all but most of it). The question here is, would you sell your BTC given you were in such a situation ?
If not, why? (something other than speculation)
So I have got this really good opportunity to buy a plot in my hometown. The value for it is bound to increase in near future as per the locality and developments around it.
To buy it I would have to sell my BTC (not all but most of it). The question here is, would you sell your BTC given you were in such a situation ?
If not, why? (something other than speculation)
Yes! I would go ahead with this proposition. The matter of fact is that I have indeed sold a good amount of bitcoins from my holding back in 2017 to pay the token money for my first apartment. Banks have 80:20 rule for home loans where banks will pay 80% of the agreement value and 20% will be paid by the borrower. So I actually paid off that 20% after selling my bitcoin holdings.
For your situation, I will definitely go ahead with the property because we don't know what Indian legal system will bring us in near future. They may or may not ban bitcoin. But there's still a confusion. So I will prefer to have a property using my bitcoins.
I did sold most of my bitcoin holdings to buy the property. Fun fact, I had sold it few months ago when the price was at $60k.
So I am in profits anyway. This is my first property on my name and I am really happy as this would be so memorable.
I am just imagining telling my kids that I had bought my first property with my bitcoin holdings
No regrets to sell my bitcoins as I am accumulating it little by little every month.