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Author Topic: Bitcoin vs Mortgage  (Read 2082 times)
xPPx (OP)
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September 26, 2017, 05:09:55 AM
 #61

2. Do you believe that the bitcoin price would at a minimum, increase 5% or greater per year on average, handily beating your current mortgage interest rate?

If again the answer is yes, then

HODL your bitcoin as an investment and keep paying your mortgage payment. Payoff your remaining mortgage years down the road with your bitcoin, and live on the rest.

This right here. Compare the cost of keeping the mortgage to the expected return of the bitcoins. I strongly suggest hodling is going to be a far better result.

This is the reason why I think you are right. Bitcoin seems to be getting traction since januari this year.
Why would you risk that by doing something else with your money? I honestly believe if we play are cards rights, we are set for life.

15 btc is only 20% of what he bought at $250. So if you do the math he pays off his house for free, and still has lots of profit coins. Why gamble?
No brainer pay off the house now and hold for retirement riches.
I think the newbie op may be trolling though, what's your wallet address so we know you aren't full of shit?

Not trolling. I was just nervous when we hit $3,000/coin and seriously thought about paying off my mortgage. Not lying about my coins, either. And I will never give out my Trezor address.
Cryptiko
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September 27, 2017, 10:09:44 PM
 #62

My approach is to sell 1 BTC every time I get excited about the price, and transfer the funds over as a principal only pay down on my mortgage.

That way if something horrid does happen to Bitcoin, I've at least got some benefit from it.  Plus it has the advantage of not telling too much in one year once and pushing myself up into a high capital gains tax rate.
 
Just sold one today, was excited to see the price back above $4K again!
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