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Bitcoin Reddit

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"I had a job, but it stopped in my country after making a huge gain. I put all my earnings into Bitcoin at an average price of $52k. Now, I live only on Bitcoin. I pay 2.5% every year as an obligatory tax (Zakat) that every Muslim must give, and another 2.5% for my family.

I live in a mid-to-low standard house. I'm thinking about taking profit to buy a mid-range car and a mid-range house. This move will cost me 50% of my Bitcoin holdings.

Should I go for it, or should I wait for my dream car and house? Alternatively, should I just buy a car, which will cost me 20% of my Bitcoin holdings? I'm 29 years old, have one child, and keep in mind that I don't have a job because I live in a third-world country. Even if I work, I can only earn $100 per month, so it's not worth it."

submitted by /u/LasyAsF
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