Let me talk about my feelings about buying a house and buying coins

     It seems to be a consensus among Bitcoin enthusiasts to use part of the funds that can bear the risk to hoard coins.

     On the one hand, hoarding coins can help you gain a deeper understanding of Bitcoin and the expanding fields of economics, finance, technology, and even the world view. On the other hand, it can also become an investment that will yield a certain return on investment in the future.

     As we all know, there are two main purposes for buying a house: one is for living, the other is for investment. Of course, there may be a third one, which is to have face and a sense of superiority.

     Living in this regard is the same as renting a house, and it has some advantages over renting a house. For example, you don’t have to worry about the quality of the house and its decoration, nor do you have to worry too much about damage to the surrounding environment (from large explosions to small noise and dust attacks. For example, I rented a house and it was fine at first, but later several large construction sites opened up nearby and it was too noisy. Since it was a rented house, I simply checked out and moved to another place. But those who bought houses would be more depressed because it was a bad place to live in and they couldn’t rent it out anymore).

     Investment, I don't know much about this. It is said that Beijing and Shanghai are always rising, while other places are relatively stagnant. If there is an increase, how much is the increase and how to calculate it? I don't know much. At least one thing is certain, if you use a house as an investment, it is a large investment. You need to invest millions to tens of millions (in Beijing and Shanghai). Most people probably don't have the ability to invest. Why force yourself to invest in an investment product that you don't have the ability to invest in?

     Let’s not talk about the face issue.

     Apart from this, it is basically difficult for buying a house to bring people new and advanced knowledge and concepts.

     If a person is very rich and buying a house is not a problem at all, then it is fine for him to buy as many houses as he wants for investment. But if a person insists on buying a house, I really think it is unnecessary.

     Specifically, if an office worker earns 8,000 yuan a month and has 300,000 yuan in savings. He grits his teeth and buys a house worth 1 million yuan, but ends up with no savings. He has to pay a mortgage of 4,581 yuan every month (700,000 yuan for 20 years). This house is not ready for delivery and will be delivered in about 2 years, which means he needs to pay the mortgage now and rent a house. Assuming that his rent plus water, electricity, broadband, etc. is 3,000 yuan, then 8,000-4,581-3,000=415. It is hard to imagine how he can live a normal life with the remaining 400 yuan (borrowing money or waiting for non-self-income at home is not discussed). When the house is in hand, it will cost a lot of money to renovate it. You can tell him to grit his teeth, tighten his belt, and do some part-time job to earn some extra money to get through a few years. Maybe in three or five years, he will die of lung cancer (said to break out in the next few years) due to his bitter mood and smog, and he will die without money for treatment. Anyway, I personally don't like the unnecessary gritted teeth and bitter life I set for myself.

     So if this person buys some coins, he doesn't have to bite his teeth. If he uses one-third of his savings, that is, 100,000 to hoard coins and keep his private key safe, his life is still acceptable. 8,000-3,000 rent = 5,000, and there is 200,000 in savings. Even if he puts it in Alibaba, JD.com and other large companies with extremely low risk financial management, he can get a return of about 800-900 yuan per month (about 5% annualized if it is regular), which means that his normal disposable money is nearly 6,000 per month, and he can eat some healthy food, watch movies, travel in installments, and live a relatively comfortable and ordinary life. If Bitcoin brings him a small return, it will make his life more comfortable. If Bitcoin brings him a big return, his life may change significantly. Even if Bitcoin makes him lose this 100,000, his life will not be greatly affected. Just treat it as tuition for learning Bitcoin and the knowledge of economics, finance, technology and other fields.

The above is only my personal opinion