I'm selling my only property and putting it all in bitcoin
2319 sats \ 52 comments \ @pycan 22 Aug 2023 bitcoin
It took a bit of effort to convince my wife but we're doing it. We're selling our apartment to pay off the mortgage and put the rest in bitcoin. We wanted to move to a house anyway so we'll just rent one.
The decision felt scary when I first thought about it but the more I think about it now, the more certain I am that it will pay off in the long run.
I estimate the whole process to take 2-3 months, so hopefully the sats won't get much more expensive. Wish us luck!
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331 sats \ 4 replies \ @DarthCoin 22 Aug 2023
You are not "investing" in Bitcoin. You are securing your future. You are saving energy in the best form of storing it: Bitcoin. Please stop having that fiat mindset with "invest in bitcoin".
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52 sats \ 3 replies \ @pycan OP 22 Aug 2023
Don't be petty about words. Although I agree with you. The endd result is important here!
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145 sats \ 1 reply \ @kepford 22 Aug 2023
Darth can be harsh, he's Darth after all but words matter. I still slip up and use words that are not truly what I believe or even mean. I think most of us actually use bitcoin to save and preserve our life force. Our work. Fiat mindset is real. We were born into this reality and culture and it takes work to change our thinking to be free of it.
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10 sats \ 0 replies \ @cyberpunk02 22 Aug 2023
I see this has been edited out now, but on the otherside to this in the eminence of @DarthCoin I'll take this to the edge. It's only lawyers and tax agents (fiat) who want to convince you that the word "investment" has a discrete meaning. A meaning that particularly suits their purpose... In reality words mean only as much or as little as you think they do in the context. Fiat actually tells you that words mean a lot... In my world this comment could be considered my investment in you, and in stacker news that investment can pay off. At the same time that doesn't mean I pay the government a cut ;) ... We will always slip up with words, we can fix them, but it doesn't matter, people and work matter.
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0 sats \ 0 replies \ @ibz 23 Aug 2023
It isn't about words, it is about the mindset.
To me, Bitcoin is a savings mechanism, which is, by definition, where I store my surplus energy.
After I spent all the money needed to improve my house, after I bought even more land, after I stocked on food, after I bought all the gadgets I want, after I traveled ...
It ain't much, but it is saving steadily.
You can't "save" by cutting out necessities. That isn't saving.
Now, if you don't truly enjoy your current home, and you think you will benefit from an upgrade 5 years later thanks to BTC price, sure, that is a very different story, and probably a good strategy. But it isn't investing, or saving...
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145 sats \ 0 replies \ @birdeye21 22 Aug 2023
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21 sats \ 0 replies \ @danieltapa 22 Aug 2023 freebie
it's a solid move! allocation should follow the level of understanding.. great that you are at that point.. i went from 5 to 50% btc in the last 3 years.. keep learning and stacking!
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21 sats \ 1 reply \ @purpurato 22 Aug 2023
Bold move! But you're preaching to the converted here. The main audience should be no-coiner people around you. I would definitely feel intrigued by the move and start studying about it and ask you more questions on why you're doing it. You're a living testimony.
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21 sats \ 0 replies \ @pycan OP 23 Aug 2023
That's true, I'll definitely share it among my no-coiner friends once it's done. It might even orange-pill some of them!
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10 sats \ 1 reply \ @Louferlou 23 Aug 2023
1000 SATs zap for the courage
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10 sats \ 0 replies \ @pycan OP 23 Aug 2023
Thank you, much appreciated!
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10 sats \ 2 replies \ @TheWildHustle 22 Aug 2023
Honestly thinking about doing the same, the longer we wait the less sats we'll get in return
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105 sats \ 1 reply \ @pycan OP 22 Aug 2023
Can't tell you if it's a good decision yet, but it feels that way at this point!
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0 sats \ 0 replies \ @TheWildHustle 22 Aug 2023
Keep us posted, and salute
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21 sats \ 2 replies \ @2bithits 22 Aug 2023
Good luck!
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0 sats \ 1 reply \ @pycan OP 22 Aug 2023
Thank you. No risk no reward! Although this doesn't feel like a risk anymore 😀
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0 sats \ 0 replies \ @nemo 23 Aug 2023
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10 sats \ 0 replies \ @justanumber 22 Mar
Just stumbled opon this post. Did you pull it off? How did it go?
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0 sats \ 0 replies \ @ch0k1 9 Mar
It's a very hard and risky decision to make so well done 👏
Admirations for the investment - I hope it will soon pays you off 🍀🤞
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0 sats \ 0 replies \ @Enemy_of_the_state 5 Feb
Fuck yeah
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0 sats \ 0 replies \ @mo 23 Dec 2023
Good on you @pycan, you where able to see it? if not you can now try to advertise it on ~Agora territory
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0 sats \ 0 replies \ @Allinbitcoinneverselling 23 Aug 2023
Ideally find as cheap a place to rent as possible, at least for your first full cycle in the market. Maybe even live with roommates or parents or move to an affordable country if your work allows it. Just hang in there for a cycle or two (or more hehe) and you will be in such a massive position to buy some epic real estate if that is your end goal
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0 sats \ 0 replies \ @Allinbitcoinneverselling 23 Aug 2023
Best decision you can make. I sold my primary residence this year, stacked heavy with the proceeds. Wish more people had the courage and wisdom to do exactly this. You'll be unbelievably wealthy, you'll buy hundreds of houses for the single one you sold, if your time horizon is sufficient. Bravo
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0 sats \ 0 replies \ @Maximus 23 Aug 2023
@remindmeofthis in 1 year
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0 sats \ 1 reply \ @inverselarp 23 Aug 2023
Honestly you should not do it if it feels scary. If you can stomach eg 50% drop in next few years it is ok but dont gamble. I typically recommend to friends to have a stash they maintain in bitcoin because it is uncensorable. For example $10k. If it pumps sell something if it drops buy more. Most of them start accumulating way beyond their target :)
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0 sats \ 0 replies \ @pycan OP 23 Aug 2023
At this point, it feels more scary to do nothing.
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0 sats \ 0 replies \ @stackernews_9inky 23 Aug 2023
All that sees this post will be thinking of you, and your wife in the future.
Good luck, God speed, and see you on the other side.
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0 sats \ 0 replies \ @DiracDelta 23 Aug 2023
Congrats, dude!
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0 sats \ 1 reply \ @lightning_roulette 23 Aug 2023
Didn't that Dutch bloke do that in 2018; he must have gone ok.
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0 sats \ 0 replies \ @nemo 23 Aug 2023
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0 sats \ 0 replies \ @llamabyte 22 Aug 2023
Dollar cost average . learn it. live it.
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0 sats \ 1 reply \ @ShortSimon 22 Aug 2023
Hey, interesting decision. I see the sense, BTC could fall by 50% and house price could fall by 50%. BTC could go up 10x over the next couple of years and houses in a very optimistic view, might go up by 20%.
Good luck with your trade.
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0 sats \ 0 replies \ @pycan OP 23 Aug 2023
I agree. Thanks!
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0 sats \ 1 reply \ @edulopesf 22 Aug 2023
I wish you the best of luck!
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0 sats \ 0 replies \ @pycan OP 23 Aug 2023
Thank you very much!
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0 sats \ 1 reply \ @pepe78 22 Aug 2023
Top
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0 sats \ 0 replies \ @pycan OP 23 Aug 2023
Yeah!
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0 sats \ 1 reply \ @kdnolan 22 Aug 2023
Props!! 🟠🤘🍻⚡
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0 sats \ 0 replies \ @pycan OP 23 Aug 2023
Thanks!
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0 sats \ 1 reply \ @BTC_Commons 22 Aug 2023
good speed. I hope u talked to ur wife about the mininum 4 year time horizon and the 80% drawdowns.
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32 sats \ 0 replies \ @pycan OP 22 Aug 2023
Good point. It's really important to outline the possible outcomes. We discussed the worst case scenario - bitcoin being worth 0.
We still wouldn't end up on the street so the whole bet feels asymmetric in our favour.
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0 sats \ 2 replies \ @Lumor 22 Aug 2023
Are you going into BTC lump sum or in multiple installments in the hope of evening out volatility? I would probably buy for half the amount, then buy in more gradual installments.
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21 sats \ 1 reply \ @pycan OP 22 Aug 2023
I've never been a fan of DCA even though it might be the best idea in this case.
I still somehow enjoy "catching" the good price although I didn't go in my favour bunch of times already. If the price will be what it's now, I'll probably go all in at once.
We'll see.
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0 sats \ 0 replies \ @Allinbitcoinneverselling 23 Aug 2023
Lump sum is definitely the way, particularly in a bull market like we are in. Statistically, DCA is advantageous in a bear market, but we are coming into the halving now so if you're hanging around with cash just to DCA you're short bitcoin.
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0 sats \ 1 reply \ @TheBTCManual 22 Aug 2023
That's some big balls move, if you can keep your cash flow running and not be a forced seller it could be a winning ticket, all the best with it. I also put the home buying thing on hold because I couldn't live with the opportunity costs i'd be giving up besides its all getting cheaper in bitcoin terms, why own something partially and leverage myself to the tits if in a few years I can pick and choose where I want to live
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0 sats \ 0 replies \ @pycan OP 22 Aug 2023
That's some solid thinking, I hope it works out for you the best way it can as well!
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0 sats \ 1 reply \ @WeAreAllSatoshi 22 Aug 2023
Selling my primary residence*
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0 sats \ 0 replies \ @pycan OP 22 Aug 2023
Indeed
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0 sats \ 1 reply \ @kepford 22 Aug 2023
Stay humble, stack sats. Good luck.
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0 sats \ 0 replies \ @pycan OP 22 Aug 2023
True that! Thank you.
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0 sats \ 1 reply \ @Lumor 22 Aug 2023
Wish I had the nuts and persuasion skills of you sir. Hope the market will prove you right.
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0 sats \ 0 replies \ @pycan OP 22 Aug 2023
Thank you. I hope the same for all our sakes.
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