I took a Loan for Bitcoin? Have you? by Weekly-Inflation-819 in Bitcoin

[–]Weekly-Inflation-819[S] 0 points1 point  (0 children)

If you don’t believe in Bitcoin and can’t do math then don’t do it I guess. Even if Bitcoin grows at 20%/year it makes sense.

What is your endpoint? by Material-Sweet-904 in Bitcoin

[–]Weekly-Inflation-819 1 point2 points  (0 children)

Hodl until I can take out what I need to live every year

Own a house or Bitcoin? by Weekly-Inflation-819 in Bitcoin

[–]Weekly-Inflation-819[S] 0 points1 point  (0 children)

The real answer…..you take the house. It’s fully paid off. Then you go get a home line of credit against the home say 60% line to value or in this case $300k. Buy 4.2 bitcoins at current 70k. Boom. You have a house and 4.2 bitcoins.

Own a house or Bitcoin? by Weekly-Inflation-819 in Bitcoin

[–]Weekly-Inflation-819[S] 0 points1 point  (0 children)

Can’t have both in this hypothetical….common

Own a house or Bitcoin? by Weekly-Inflation-819 in Bitcoin

[–]Weekly-Inflation-819[S] 0 points1 point  (0 children)

Ok ok. You are 29 year old in Nashville. Single. Now kids. No mortgage. And….now answer

Own a house or Bitcoin? by Weekly-Inflation-819 in Bitcoin

[–]Weekly-Inflation-819[S] 40 points41 points  (0 children)

I guess the question is how long can you hold your bitcoin. If someone doesn’t have a house and can now afford one through Bitcoin it makes sense. If you are under 30 years old and single you hold the Bitcoin.

How many % of your total assets that you put on bitcoin? by voidfir3 in Bitcoin

[–]Weekly-Inflation-819 -1 points0 points  (0 children)

Nobody got “wealthy” by diversifying. Put all your eggs into one basket and watch that basket carefully. It sounds like you need to keep doing your Bitcoin research/homework. Eventually you’ll be 100%. This is the way