Asking here because I feel like I know what the r/personalfinance people will say. I have half a Bitcoin and a $6k credit card bill from being between jobs and moving to start my new job.
Do I sell some of my bitcoin before the halving to pay my bill in full or do I pay it over next few months and leave the Bitcoin as a long term investment? I'll accumulate interest and struggle a little bit but I believe I can pay it down.
I also have a $10k tax debt on a payment plan (which also accumulates interest every month of around 1-2%) I'm also paying this with my credit card each month. My income covers the repayments and my expenses but leaves not much else for saving and investment so emergencies will put me in a predicament. Also interest will be accumulating if I choose to pay this down over time through income so overall more expensive
Tl, dr I can eliminate this debt now with my Bitcoin and get my money right but I'll miss out on potential halving gains. On the other hand I'll be paying interest of several hundred dollars. What would you folks do?
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