What will your choice be?

[Rockstarguy]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

This may be specifically for those who are into real estate, those who are known for investing more by buying houses, and instead of investing so much in real estate, buying bitcoin and accumulating it can be more profitable in the future.

The average increase of bitcoin and real estate is not the same; that of bitcoin is very high. It is a good idea to look into bitcoin as an investment rather than just only considering real estate. He prefers having bitcoin as an investment because of the profit in return.

[AmaGold70]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

To me, I think Michael Saylor is right, the reason is that investing in bitcoin can double your money in more folds if invested for long term purpose, and by the time your bitcoin investment gets ready for sale, you will buy that same house, and at the same time have more money for reserve. This is the honest secret behind wealth creation.
In this particular case, the only reason you can consider buying a house is when you want to use that very building for real estate business, but if that house you want to buy is a residential building, using that money to invest in bitcoin will be far beneficial to you than buying that residential home.

[Youngrebel]

To me, I think Michael Saylor is right, the reason is that investing in bitcoin can double your money in more folds if invested for long term purpose, and by the time your bitcoin investment gets ready for sale, you will buy that same house, and at the same time have more money for reserve. This is the honest secret behind wealth creation.
In this particular case, the only reason you can consider buying a house is when you want to use that very building for real estate business, but if that house you want to buy is a residential building, using that money to invest in bitcoin will be far beneficial to you than buying that residential home.

People like Michael Saylor have built their argument around Bitcoin as a long term appreciating asset and also yes, historically Bitcoin has delivered massive returns over certain period but that does not actually make it a guaranteed or universally choice than buying a home. Bitcoin is highly volatile yes but same asset that can double your money can also drop 50–70% within months. That kind of swing is not just theoretical but it has happened multiple times. So the idea that you will definitely end up with both a house and extra cash later assumes perfect timing and strong market cycles.

[Nwada001]

If I have a comfortable place where I'm staying and it's okay for me and my family, I don't see a reason to spend money on buying a new home just because I have the money. Investment should always be considered over luxury, but it will be a different case if I'm staying in a rented apartment and it's not accommodating enough; I will buy a house and give my family comfort before thinking of investment.

[kawetsriyanto]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

I'm sure in the real world, the situation would be like this:

Buy a house and buy Bitcoin at the same time at the perfect time.

Why?
If you have enough money to buy a house, of course you've already considered the amount, but it's impossible to fit the money you've prepared. Here, we can set aside a certain percentage for the house and a certain percentage for Bitcoin. So, the house fits your budget.

And don't buy too much Bitcoin yet; just DCA it, so it won't interfere with your funds for the house purchase. So, both are choices, and both are feasible. Why not?

[tabas]

Someone who's going to choose real estate are experiencing these;

- no house
- will use it for rent
- doesn't mind the ROI because it takes years.

But then if someone chooses bitcoin, he knows that patience can pay off. So, we don't know everyone's situation is and can't question if one chooses btc, and the other chooses to own home.

[Zaguru12]

By the way, you can’t buy a house with 1 BTC in every country, and much less with 0.1 BTC.

Yes it is not in every country that 1 BTC can afford to get one a house. In some countries you cannot actually even buy land in some locations. But In most developing countries depending on location half of one bitcoin (0.5 BTC) can actually build a very standard three bedroom flat even at the current price. Yes availability of building Materials is also important. Most areas are not close to building companies which means more money spent on building materials transportation.

In my country. Two to three bedroom flats in some remotes towns and even some locations in city’s can be bought with 50 million naira which is equivalent to around 0.5 bitcoin.

But base on the thread if the option is given to me I will rather rent a house for five more years for like 5 million and then r invest a whole 1 BTC probably for the next few years or probably use some money to find extra income first. For me building a house without proper investment is actually old fashioned and doesn’t bring much value later on

[Creeper0]

If a house is really important to you in real life, then you should build a house. Because housing is your basic right, investing in Bitcoin by violating this right would not be a commendable move. Michael Saylor may not feel the lack and hardship of housing, because he already has a luxurious house. That is why he made such comments without feeling the lack of housing.

But for those who still live in a city where you have to struggle to pay the rent with your source of income or more than 50% of your income is spent on housing, we may have a different advice.

I would advise them to build a house with that money and prepare for Bitcoin investment by saving the money from the previous house rent. As a result of building a house, the house rent money will continue to accumulate as a prudent fund, with that money you can easily invest in DCA strategy which is better than buying 0.1 BTC at a time. So we have to take strategic steps at some point.

[leonair]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

Nowadays, it has become very difficult to own a house because the population growth rate is very high, due to which there is a housing crisis day by day and the price of land is increasing a lot. Due to this, it is becoming quite difficult to own a house and it will become much more difficult in the future. Housing is a basic need of people, so basic needs should never be left unfulfilled. Bitcoin investment is very profitable but it is not our basic need. So instead of panicking too much, you should only invest in Bitcoin to the extent that you can afford. It is not as easy to make a comment as it is to implement it in real life. So I do not support the idea of buying Bitcoin without build a house.

[Artemis3]

By the way, I don't believe 0.1 BTC could build you a house. Anywhere. And if it does, it's not gonna be something durable.

Nonsense, a shipping container can be quite durable

[hyudien]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

As some members have answered, the two options depend on your current situation. If you are in a comfortable situation living in a rented house, then using the money to buy bitcoin is not a bad thing. However, if the money is used to buy/build a private house, it is not a problem either. Both options have their advantages.

[Oshio-man]

It depends if the person have bitcoin investment knowledge because bitcoin investment require knowledge before you can invest huge amount of funds on bitcoin and start expecting huge income in the future, bitcoin investment is good when you know the rules and regulations of the investment because you have to invest what you can afford to lose, which is the first advice some professional investors will give to you because they have experienced so many things from bitcoin investment before they became who they are today, my choice will be on bitcoin since the price of bitcoin is still low for short term and long term to purchase and hold for future purposes because in five years time the price of bitcoin will increase higher to touch $200k  and it will make my income double.

[jcojci]

Depend on where you live and other things as in many countries, it is difficult to buy a house but they may build a small house assuming they already had a land. Buying a house will not easy as you need more money even if that is in the suburbs.

But choosing to invests in Bitcoin will be better as you can increase the money value in the next years. But if you buy a house, you need to pay taxes which can increases yearly.

Before you decides, you need considering all thinks and can't just decide one. Maybe you need to discuss this to other family especially your couple.

But if you lived in a rent house, you have a job which pays you enough and others is good, maybe investing in Bitcoin will be the best decision. You can invest in Bitcoin while you pay your rent house and if Bitcoin price increase, you can sells your Bitcoin and see how much money you will get.

[fuguebtc]

Drop your opinions.

Invest based on your financial capabilities and risk tolerance. Do not invest based on other people's advice because we are all different. We are all different in terms of income, capital, goal...and even life pressure

Michael Saylor owns a multi billion dollar company with multiple revenue stream and countless way to raise capital. Meanwhile, you, I, and most of us do not have that. Therefore, his advice might be good for him, but it may not necessarily be suitable for us.

[YOSHIE]

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

If you ask me personally to choose the house and Bitcoin, for now I will choose Bitcoin, for the current Bitcoin price of course 0.1btc we get only $7,426, but I am sure that in the next two or three years if the price of Bitcoin breaks to the $150k level, the results we get with 0.1 btc we will get $15k twice the current price.

For this reason, I believe that Bitcoin is still worth investing in and I am sure that in the future Bitcoin will break a new ATH, for this reason I do not hesitate to choose Bitcoin.

[MusaMohamed]

If you ask me personally to choose the house and Bitcoin, for now I will choose Bitcoin, for the current Bitcoin price of course 0.1btc we get only $7,426, but I am sure that in the next two or three years if the price of Bitcoin breaks to the $150k level, the results we get with 0.1 btc we will get $15k twice the current price.

For this reason, I believe that Bitcoin is still worth investing in and I am sure that in the future Bitcoin will break a new ATH, for this reason I do not hesitate to choose Bitcoin.

There are people who invest money in real estates and see such ones as good investment assets but with Bitcoin maximalists, they see real estates like houses are less interesting and even as liabilities. With Bitcoin maximalists, they would like to choose bitcoin for their investment portfolio, and real estates or gold are very less profitable with less ROIs than Bitcoin's ROIs.

With real estates, people can have profit by holding them with time, but there are many extra costs like maintenance costs, and annual property fee, as well as it's harder to sell real estates while with Bitcoin, no maintenance cost and it's more easily to sell bitcoin for an exit.

[bitcoindusts]

Bitcoin is a speculative asset, we might see it as a gem now since it spike really hard.  I am not against people who advice to Buy BTC since we have witnessed that if BTC follow its usual pattern it really gives our money huge profit in the future.  But that rely on the big "IF" while buying a house can give us a monthy passive income especially if we are able to by a house in a prime location.

For my if I don't have a house yet, my priority would be buying a house to settle then buy BTC after.

With real estates, people can have profit by holding them with time, but there are many extra costs like maintenance costs, and annual property fee, as well as it's harder to sell real estates while with Bitcoin, no maintenance cost and it's more easily to sell bitcoin for an exit.

Indeed there are maintenance in buying a house and lot but have you ever thought that Bitcoin might become stagnant anytime?

[davis196]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

I would choose the second option, because I already have a house. Buying a house is an important life decision for someone, who doesn't have a house. A house is more like a liability rather than an asset. You have to repair it and renovate every once in a while, fix it(when something gets broken), pay property taxes, etc. Holding 0.1 BTC is way more simple and stress free(if you don't pay much attention to the price volatility and FUD), but 0.1 BTC is definitely not enough to buy you a house where I live(and in most western countries). Saylor is someone you shouldn't listen to, because he's really biased and a fanatic Bitcoin bull(at least that's how he wants to be portrayed by the mainstream media).

[GreatArkansas]

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Well, he got a point, but that is not applicable to all people. Plus, think of him having billions of Bitcoin already held, so expect these kinds of words to come out of his mouth.
Different people have different purposes when buying houses, some say "house is an investment," but most people misunderstood it and turned out house is just a liability.

Basically, my answer for Michael Saylor here is neutral. People must always learn where they will put their hard-earned money.

[cryptoaddictchie]

Don't buy a house he said, buy BTC instead.

If you have money that can build you a house but also this money can get you 0.1BTC, which one will you chose to do?

Micheal Saylor is telling people to avoid buying a house right now but instead buy 0.1BTC and hold, so I think this will be a good discussion for today, what do you guys think will be the best decision?

Drop your opinions.

Well its depend on the case of the person. If someone needed a house for their home then likely anyone will go for it. Bitcoin is an asset and a volatile one, surely some will buy it for their extra money. How come they will follow Saylor if they situation badly needed for the house? It seems depend on case of someone. For me If I had extra I go for it but the house is also necessary not an investment but a necessity.