271 sats \ 3 replies \ @NorthKoreanHostage 7 Dec 2022 \ on: Which is the best investment? bitcoin
Determining the best investment is unique to each person.
For example, if you're homeless, selling Bitcoin to buy a home is a smart decision. Best maybe.
If you already have a home, then start buying Bitcoin only. No other assets are with investing in. Only Bitcoin has room to grow more valuable as a percentage of total human wealth.
I disagree about the house. If bitcoin is the highest potential growth asset and you have very few responsibilities other than your career then it makes sense to forgo a premium dwelling in favor of stacking more sats. You are right, it depends on each person and where they are in life.
If you have a place to stay, and you aren't still living at home, upgrading to an owned property may not be the most wise decision. Staying at home holds you back, so that should be your last-ditch option, even over living in your car. It also may be a wise decision to invest in land and to build a small building to spend your weekends. This could help with your physical and spiritual health in addition to security and a place to store food, fuel and water.
reply
Incorrect.
At 4 year cycle highs, it pays you to buy a house and then pay back the loan in BTC as the price drops over time.
The lender should only care about how much BTC they have. The borrower gets to buy a house for like 75% off.
This arrangement makes the volatility of Bitcoin work for BOTH PARTIES.
Every 4 years you can upgrade.
There's many ways to use Bitcoin. Be creative.
reply
Its not a risk I'm willing to take. There are no free houses.
reply