Housing is a fundamental human right. Every person wants to fulfill his basic needs before investing. When a person has a reasonable income after fulfilling his basic needs, he invests it.
If he does not do so, he invests from the funds he has to fulfill his basic needs, then most of the time he cannot maintain his investment portfolio.
Depositing Bitcoin for a house can definitely be a sign of a good investor because he can lose the invested Bitcoins very quickly before reaching the desired goal due to his housing.
I don’t understand how you would say this,(the bolded words) in one sentence you’re contradicting yourself is it that you don’t understand what you’re saying or what ?
I don’t know about others but most of the time I find it hard understanding what you’re saying or trying to say.
And some of the terms you use!…, I don’t know if there’s anything as discretionary law or mind….. someone please inform me what it is?
If he is suggesting that there are some difficulties to invest in bitcoin when a person might also be wanting to purchase his residential real estate, so there could be difficulties doing both or even choosing bitcoin over residential property.
Of course, bitcoin has outperformed real estate in the past, and there is no reason to believe that bitcoin is not going to continue to outperform real estate, even though people will still get distracted into wanting to own real estate, and maybe jumping into property too soon rather than buying bitcoin since maybe they don't have enough money to invest in both, even though bitcoin surely does not require as much of a commitment and so bitcoin can be invested into in smaller amounts, as compared with the kinds of obligations and costs that come from owning real estate that might include financing it (perhaps even requiring a large downpayment), closing costs, taxes, insurance and maintenance costs..
On the contrary I think he was actually trying to encourage getting a personal residence before investing in bitcoin as (according to him) residential home is a basic need (which is also not wrong). But saving up funds for your real estate is not a very easy one that you can wake up and gather enough funds to raise a structure of buy a dream home. So is this not an indication that you invest in bitcoin before buying or building a residential home? A person who got employed newly could require nearly 10 years to save up an amount to give him a dream home (depending on the job and pay).
If someone targets 10 years from his employment date to have a dream home, it's wiser to invest in bitcoin over at least 2 bitcoin cycles before the 10 years plan possibly by DCA which could eventually open you up to saving enough money and making gains on such funds to assist you in acquiring your home. Residential home is a necessity and a basic human needs but it's not also what anyone can rush into or easily raise the funds enough to get one.