Pro tip:
Bull markets are for paying off debt, not accumulating it.
Accumulating debt during a bull market often leads to financial ruin.
Thank you. I sold some bitcoin near the top in 2021 to buy my forever home.
I bought with interest only loan. Locking in sub 3% mortgage for 40 years 🥳
And then I immediately tapped the equity with a second mortgage to pay the capital gains on the bitcoin I sold for the deposit.
I then spent the bear and bull crap recomputing all the bitcoin I sold to buy my house.
I go back and forth in my head about wether I should keep the 2nd l
Mortgage debt or should I sell a little of the bitcoin I have nearish top of bull to get rid of it or just hang on to every sat I have.
@less?
I bought with interest only loan. Locking in sub 3% mortgage for 40 years 🥳
And then I immediately tapped the equity with a second mortgage to pay the capital gains on the bitcoin I sold for the deposit.
I then spent the bear and bull crap recomputing all the bitcoin I sold to buy my house.
I go back and forth in my head about wether I should keep the 2nd l
Mortgage debt or should I sell a little of the bitcoin I have nearish top of bull to get rid of it or just hang on to every sat I have.
@less?