Oddbean new post about login | logout I've been wanting to move for over a year now But stupid Bitcoin making it hard for me to know what my budget should be for a new place If we gonna crash then I want to downgrade to stack, if we gonna rip maybe something a little nicer Yes I know we don't think it will crash that's how you know it's probably gonna crash, stupid Bitcoin
Same exact position. Just told my wife today we should sit tight another year. She’s a saint and I don’t deserve her.
You can solve your conundrum if you get what you need, not what would be best.
My thinking is rent somewhere cheap and decent for another 5 to 10 years. Then buy a nice place once bitcoin has appreciated enough. Location is more important than actual residence in terms too. Don't blow any of your stack on material things too early.
It's a big pain in the arse managing fiat commitments while being maximally exposed to Bitcoin. I'm guessing that once you've hodled through a few cycles, it's less of a concern. I sold a little when we hit $90k to get me through to Xmas. It never feels good selling Bitcoin.
I've been waiting for a while too, renewed my lease till next year though, feels a little to early.
I think so too
Hello, how do you buy a house with btc? In Spain if you sell the btc, the state will ask you where did you get the money. If you tell them you have btc, they are going to rape you with taxes. If not, they accuse you of fraud ans money laundering. I mean you can sell 100$ of btc but for a house you need like 50000$
I haven't had a job for 15 years, no idea what my income is at any given time 🐸