I’m a huge fan of Bitcoin and have been consistently dollar-cost averaging (DCAing) since April 2020. But I recently found myself in a tricky situation – I was forced to choose between renting and buying a house. After much deliberation, I eventually decided to buy a house with a mortgage payment that’s 44% higher than my rental payment (which increases annually in June). Now I’m wondering if I’ll ever own that many Satoshis again.
I’m confident that I can come close to reclaiming my stack if I play my cards right. The house I purchased is the perfect starter home and ticks all the boxes I need it to. It’s also within budget and even sits on a surprisingly large lot compared to its surroundings. I know this may sound absurd to many people but I made an informed decision and I’m comfortable with it.
The thought of selling at the bottom of the market isn’t pleasant but I still believe in the long-term potential of Bitcoin and I’m hopeful I can get close to reclaiming my stack. In hindsight, I could kick myself for not investing more in BTC since 2015. That year, I spent almost exactly the same amount of BTC on fake IDs for me and my roommates – eight years later it’s a down payment for a house.
Although I’m not sure if I’ll ever own that many Satoshis again, I’m still committed to Bitcoin and will keep DCAing to build my stack. It’s my hope that the long-term potential of Bitcoin will eventually pay off.