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21178577 No.21178577 [Reply] [Original]

I can literally buy a house with cash with my link gains, should I do it?

>> No.21178640

Dr;ns

>> No.21178653

Sure buy a house right before the USD implodes. Sounds wise

>> No.21178666
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21178666

>selling link
big YIKES

>> No.21178668

>>21178577
How does 10 houses sound?

>> No.21178670

nah bro, just live inside you LINK

>> No.21178689

>>21178577
On one hand I want to say never sell, but not selling all my coins at the top of 2017 to buy a house is one of my biggest regrets. So think hard about it. I'd never sell all of my stack, but maybe take out enough for a down payment at least.

>> No.21178698

invest in either buying a prefabricated house or start a company that builds prefab houses

>> No.21178707

>selling link
for an overinflated piece of box

>> No.21178713

Yes. Imagine never paying rent or a mortgage again. You have all that extra income for investing.

>> No.21178719

if you're a low income dumbass who pays rent every month then absolutely 100% yes you should

>> No.21178724

>>21178577
hold for 10 more years and u can buy 100 of the same house

>> No.21178729

>>21178577
As long as you don't get fucked over with (((taxes))), yes.

>> No.21178754

>>21178719
My rent is 1/5 of my salary

>> No.21178833

>>21178577
Why bother, the dollar will crash and crypto will moon and without any LINK you'll be up SHIT CREEK without a paddle.

>> No.21178848

>>21178577
Housing prices will hit the floor soon. Do NOT buy property. You could put it in an account but you'd be better off holding.

>> No.21178920

>>21178653
Wouldn't this mean that, for example, if you had a 500k mortgage, and the dollar becomes worthless, your mortgage payments would be essentially reduced to nothing? Especially if you had gold or crypto to convert into inflated usd to pay with?

>> No.21179003

>>21178754
in that case it honestly doesnt matter

>> No.21179212

I only have 550 links, but getting a house deposit is my (likely unrealistic)goal. Can't complain there

>> No.21179271
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21179271

>>21178577
I just bought link today since I didn’t believe the memes before. Is it too late to make it?

>> No.21179283

>>21178707
depends where you live

>> No.21179293

>>21178920
Housing is hedge against inflation

>> No.21179366

>>21178577
>find biz
>biz say buy link
>buy link
>link goes big
>make massive gains
>buys house
>us stock market crash
>lose everything
>back to biz

>> No.21179379

>>21178577
Do the following:
1. Use link gains to put down the very minimum down payment and purchase house.
2. Take out HELOC loan on aforementioned house.
3. Use HELOC to purchase more Chainlink.
4. Use Aave to borrow more link using your link stash as collateral.
5. Just win.

>> No.21179407

>>21179271
Sorry but not on this time. You will however get enough money to give yourself the chance of making it, the richer you are the easier it is you make more money.

You'll end up with around 30-50k, enough to sort your life out, and if you're smart with it, you might actually make it one day.

>> No.21179432
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21179432

>>21178577
I can also buy a house with my €220k, but then what next OP? Go get a job and wage through uni? Become a simple norman? No. Moral of the story you are fucking retarded so sell now.

>> No.21179484

>>21178577
Depends on how much you made, where you plan on staying etc.

>> No.21179585

>>21178577
Dude, I know your pain. I have never felt more worried about my investment then now, as I am currently sitting on $135k. Dont know what I would do if I lose what would be a life changing amount of money for me, but also fearful that I will sell way to soon and lose out on massive profits when link properly moons. I used to think that the Iron Hands meme was talking about holding through dumps, but I see now that it is when Link is pumping that I struggle the most...

>> No.21179711

>>21178577
Why wouldn't you get a house anon?
You have to live somewhere, housing is the biggest expense you will have over the course of your life.
If you have a house you like living in then the value doesn't matter much as it's not an investment property.
Magic internet beans are cool and all but tangible things are good too.
Don't cash out your entire stack though.

>> No.21179825

>>21179711
Those "magic internet beans" are powering decentralised finance currently. Times are changing gramps. LINK is not a cryptocurrency.

>> No.21179911

>>21178577
Depends where you're buying and what your goals are.
If you're buying for just personal lifestyle, just make sure you don't overpay. And honestly if you can get a super cheap fixed rate mortgage you should, because it's basically getting paid to own a house.
If you're trying to get an investment property, you might want to wait until like 6 months after the eviction ban ends or you will get rekt on RV ratio.

>> No.21179983

>>21178577
Anon... I’m the linkgoldfag if you remember me schizoing about gold in random threads over a year ago.

Do not buy a house it will all collapse. Take out 25k fiat and put half into silver and half into gold. Just fucking do it

>> No.21179994

>>21178689
Best choice. Interest rates are tiny right now, and you don’t wanna buy an asset that only appreciates a few percent a year with one that will appreciate a few thousand percent.

>> No.21180396
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21180396

>>21179293
i'm sure house prices will keep up with the hyperinflation

>> No.21180432

>>21179293
but isnt the amount youre going to pay locked in? wouldnt that take advantage of an inflated dollar? what am I missing?

>> No.21180457

>>21179212
link very possibly will hit $50 at some point. 28k is enough for a house deposit

>> No.21180501

>>21178577
My advice would be to at least take some money as profit.

During last bullrun, I took some profit, a friend of mine didn't.

I lost a lot due to greed, but at least I sold some
My friend lost almost all due to greed.

Just sell 30% anon.

>> No.21180511

>>21178577
If I could, and have enough money left for taxes, and to last me a bit. I would. But that's like my dream to get out of my dads house when I'm still young. Idk anon. I would hold longer if I were you link is going higher.

>> No.21180517

No retard. LINK will hot 100 during the next bull run. You will regret it but suit yourself you pussy.

>> No.21180694

>>21178577
No. Hodl the top though, pls.

>> No.21180854

Here's what you do:

>sell enough link to pay the deposit on a mcmansion
>USD collapses, sell 2 link to pay mortgage off with ease.

>> No.21180963

>>21179825
I know anon, I was being light-hearted referring to crypto as magic internet beans.
I wasn't advising OP to cash out everything.
The chance to acquire a house would be a good move on his part, could be worth the opportunity cost of shaving off a % of his stack. Gains on blockfolio don't make a lot of difference until they are translated into tangible things.

>> No.21181449

>>21180963
Well shaving off is a bit different then selling 50% or more of your LINK stack so yea it might be good for him, but otherwise I'd say renting for another year or 2 is the way to go especially since there haven't been any red flags when it comes to Chainlink. Everything is literally so fucking bullish that it has turned many of us into complete delusional schizos. Some might be scared of some -70% "correction", but LINK is still behind shit like Bitcoin Cash and XRP. It's not gonna fall out of top 10 and if it does, it will be a very brief dump. Chainlink isn't even comparable to anything in crypto currently. It's more like a reputable stock startup company than a crypto project.

>> No.21181753

>>21178577
What are your Link gains?
I ask because even people who bought for say $0.25 have only seen 50x or so. So yeah, a guy who dropped $10k in now has $500k which after taxes can buy a good house in most places. But anything below that could only cash buy a fuckin trashed out shit house that would suck ass to have to live in and is probably surrounded by rentals full of mexicans and blacks.

>> No.21181813

>>21178920
No, your mortgage will be rolled. Also, the exchange course of your mortgage to the new currency will be much worse than the exchange between your cash and the new currency. Happened several times in Germany. So speculating on a crash and taking loans isn't a good idea

>> No.21181869

BUY AN RV AND TRAVEL BRO!

>> No.21181905

>>21178577
Short term euphoria and long term justed

>> No.21181971

>>21181753
400k will get you a fine house in Vermont

>> No.21181982

>>21178670
Based

>> No.21182045

If you're in the USA, find an Unincorporated Town for 0% property tax. Only downside is you're far away from things and there's no public schools, local police (you get state police usually), hospitals...But you're on the comptuer all day anyway so what does that matter? If you REALLY made it, pay a cable company to lay some fiber internet to the house if it doesn't exist.

>> No.21182051

>>21178689
>I'd never sell all of my stack, but maybe take out enough for a down payment at least.
>>21178689
This is good advie, a good downpayment means a cheap mortage.

>> No.21182072

>>21178577
Just wait until you can buy a house with crypto. NEVER CASH OUT FUCK THE GOVERNMENT

>> No.21182120

>>21178577
If a house right now has more value than the uncertaintain possibility of fuck you money 5 years from now, then yeah.
If you are sure the top in in, then yeah.

>> No.21182152

>>21178707
>living with parents or around negros

>> No.21182174

>>21182051
Was going to say this too.. maybe pull enough into Fiat for a solid 20% downpayment so worst case, you can afford to slide into a nice mortgage.

>> No.21182311
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21182311

>>21178577
yes, but make sure to have enough left over for a rope when you see link soar past $500.

>> No.21182532

>>21178577
if this was your plan, you should obviously only cash out enough for a down payment and get a mortgage.

that being said, didn't read, not selling.