Bitcoin Forum

Friends, do you like the idea? Cryptocurrencies and smart contracts for yours: the future for large financial transactions? How far is the day when we will be able to buy a house or a good car with crypto not in isolated cases, but everywhere?

I think that at least 10-15 years must pass in order for the cryptocurrency to be accepted and implemented in all sectors, including payment for real estate

You can buy a luxury house with bitcoin.

$45 million Malibu mansion for sale to bitcoin buyers (https://www.cnbc.com/video/2018/01/11/this-seller-wants-45m-for-his-malibu-mansion-and-you-can-buy-it.html)
World News - Gold Coast mansion up for sale for 500 Bitcoin (https://www.youtube.com/watch?v=ZFOEEQ07mlg)
Inside the $44 million Italian mega-mansion that's about to make cryptocurrency history (https://www.cnbc.com/2018/06/19/palazzetto-mansion-in-rome-italy-being-auctioned-for-bitcoin.html)

It's happening already for some countries. And for ethereum, it's probable too.

the idea sounds delicious! i hope by the time i'll have enough resourses those luxury stuff will be adapted for crypto. and i think it'll be much clear in terms of taxes

Is as good as any other coin, I mean, any other respectable coin that can be converted into cash with ease at any exchange, it does not matter if it is for luxury items of for any other.

I will feel happy if with crypto coins I can buy luxury goods, but it must have the agreement of both parties and must be recognized by the state because all countries have their own currency.

I think it no needs to takes a long time untill 10-15 years, even now you can make it happen but with condition the seller of a luxury house understands about Bitcoin and wants to accept Bitcoin as payment tool (peer-to-peer transactions between cryptocurrency users)

Maybe this will be when it will be, but right now, while you can buy smaller equipment for cryptocurrency. But in the future that no one will know we will hope and believe in the best.

since we are into adaptation stage, we must consider if the market is fully accepting bitcoin and ether as main mode of payment. there are some companies and businesses that are early adapters of cryptocurrency but we need a more growth to reach the masses.

Crypto is the best payment method for luxury things, because if we using bank wire transfer it will cost much fee, crypto can cut that fee, and ethereum and bitcoin is a good choice i think

since there are already some cases, it is only natural that in the future the purchase for cryptocurrency may become commonplace.
I have met that in my country, transactions on payment for real estate in a cryptocurrency were drawn up as an exchange, since so far this is not entirely within the law

I think this future will come soon. Many companies are closely watching the development of cryptocurrency. I think as soon as possible. Large companies will implement cryptocurrency.

But the real problem is the crypto needs a lot of support from regulators. It will never happen without any support by the regulator. i have even heard someone that bought his house use litecoin as a payment system and it has worked smoothly according from the news.

I do not understand a bit what the difference is in what you offer with what is already on the market of cryptocurrency. Yes, of course with the help of any cryptocurrency, which has value, you can already make serious transactions for buying or selling.

In the real world. People still do not use encrypted currencies as payment tools. The main idea is that people's awareness of encryption needs to be improved. It is still in a stage of little trust. Moreover, encryption is often unstable. This adds a great deal of risk. I think it will take some time for people to accept encryption as a realistic means of payment.

The adoption of Cryptocurrencies is simple, we need to start accepting it for our services and products, I know some of us here have one businesses or more but how many of us is accepting crypto, we need to start working the talk, if we keep waiting for someone to help with this we will keep waiting.

it is already happening and there are projects specially in real estate industry to accept payments in cryptocurruncy like propy, atlant and muxe. it is slowly happening now.

Large Bitcoin transfers might be the solution for property purchases but I would prefer (both as a buyer, and a seller) making the whole transaction on a well specified smart contract (ETH preferrably).

I think it will be some time before we see ETH being accepted in such a capacity. Bitcoin is already so, albeit scarcely. There's little need for more than 1 crypto to be accepted as a means of payment for such large purchases. It's great that just 1 is. You wouldn't normally be able to buy a house in any currency other than the one that the owner lists it in.

It could be happening soon. Real estate market has been one of the target of some start up projects that I know. They are still in development phase so I am guessing they can produce a fully functional platform in two or three years time.

I think it has too long time.but if it do.then everyone feeling cheers.

About large bitcoin transfers, there are transactions who already did it.

$194 Million was Moved Using Bitcoin With $0.1 Fee, True Potential of Crypto (https://finance.yahoo.com/news/194-million-moved-using-bitcoin-223521877.html)
https://www.ccn.com/194-million-was-moved-using-bitcoin-with-0-1-fee-true-potential-of-crypto/ (https://www.ccn.com/194-million-was-moved-using-bitcoin-with-0-1-fee-true-potential-of-crypto/)
$300 Mn Worth Bitcoin Was Transferred With A Fees Of Just 4 Cents (https://blockmanity.com/news/bitcoin/300-mn-worth-bitcoin-transferred-fees-just-4-cents/)

There is no need to buy a house using ethereum and there is no problem using it to buy, as long as you find someone who is willing to sell his house for ethereum the price doesn't really change. Instead of paying one million dollar from your bank account to his, you will be sending one million dollar worth of ethereum from your wallet to his wallet, you can pay taxes on that in many countries as well so its not a problem at all.

Moreover, if you want to find a way to keep track of who owns where and what not than blockchain can help with the land ownership type deal and just get a government blockchain software that will keep track of who owns where that way, much better than the current cloud computer software they have.

Blockchain can really be helpful for many of the governmental offices if required basic infrastructures will be developed along with proper usage will be identified.

It takes some time for this to happen. Just forget that you are holding crypto and see 3 years after. Probably you will get a double market or even more than that fold of your investment. Try to see also the market price of the crypto for the past years and see that the market price has relatively gone so high and folded its market price many times.

Of course with the development of crypto will be more and more movement in other areas of the economy. A few days ago I completed the bounty which is indeed in the field of real estate project and the developer already made a lot of coperation ith the luxury property. If you are stellar lovers definitely know this project. Hopefully in the future more and more other interesting things.

In the near future this will not happen. Cryptocurrency should be accepted by the world as a means of payment. And this requires a lot of effort and time.

It happens on Bitcoin I have read three to four years ago that a guy bought a house with his Bitcoin so it's not a remote possibility that it could happen, maybe one day we can see it happens in ethereum and other cryptocurrencies it's not a remote possibility at the phase we are in now.

You can at least now buy a house and pay with cryptocurrency and not necessarily Ethereum, the main thing that the amount was equivalent to the cost of housing.

I don't think for that, the most important thing is crypto can be used as a legal payment instrument.
Because basically luxury goods and cheap goods are only different in price. Of course if it can be legal it will make it easier to transact anything including buying food. The problem is only on transaction fees.

In my opinion it is really far, or at least not so close like we would like it to be, because many nuances in the legislative and financial governmental systems should be made in order the cryptocurrency be accepted like the real asset for payments like that.

The idea is not that impossible but it takes time for this to make happen. The concept to use cryptocurrency in daily life is really good. It takes step by step, starting to its simplest use like accepting crypto in purchasing foods and daily needs. Lets hope for this crypto industry to make stronger and successful.

Why only for luxury property? Ethereum is an awesome payment method for every good. It is fast and secure and very trusted among the community members. What can be better as Ethereum as a payment method in every store.

In principle, the ethereum has been considered as ordinary money long ago.
At least I have repeatedly paid them for many books, various courses of popular authors, etc.
Therefore, buying cars, real estate and other expensive goods is only a matter of time.

If you buy real estate for Ethereum, you should understand its growth potential. And how much will you actually pay !

It seems to me, until we can buy something for cryptocurrency, it will take another 20-30 years!

Interesting real cases. I would like to know if they were payments for real goods (or property), or simply moving Bitcoins from one wallet to another.

This requires a process of growth, and although it can be achieved now, rapid implementation will only lead to confusion in the existing financial system. For example, a smart contract shows that the owner of the home is you, but because the original owner has a financial dispute with the bank, you are legally unable to obtain ownership of the home. This requires a combination of traditional finance and blockchain to change. This will take a few years to achieve.

Many large crypto are moving toward this goal. For example, XRP has also gained more apps this year, but unfortunately their use is still limited!

I completely agree to that. Recently I have seen a ico project that is using a crypto to buy properties in the other country. It is still yet a ico proposal project and may seems to undergo many trials. But if that project will be successful in the future. Surely the demand on it will be huge.

Well it will be far  ;D Not everybody is used to it now. But you can buy property in UAE https://tranio.com/uae/ (https://tranio.com/uae/) with crypto currency nowadays already! It's good news

why not? don't you plan to live to that lifestyle where you just buy whatever your heart desire, like a seafront villa or a nice little mercedes or a piece of land somewhere in switzerland?  ;)