If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Are you storing all your wealth in bitcoins? Not very smart. Assuming you have to live somewhere (and parasiting on your parents is not an option), housing expenses are inevitable. Therefore buying a house is usually a good move. You're saving on rent and expensive mortgage rates. But if you don't have quite enough funds, you could always pay i.e. 70-80% from your own pocket and take mortgage on the rest. Yeah im currently at about 50-60% of networth in bitcoin/litecoin and i think its ok. I have a good little small business growing on the side which takes all my time and effort. If bitcoin dies i'll be ok. It would be good to save on rent so i guess i will buy a house when bitcoin hits moon. I really just dont want a mortgage if possible but i might just have an irrational mortgage phobia, to cash buy a house for most of networth could be bad, i dunno, never really understood mortgages and housing. I dont think it s very clever of you to buy houses with your bitcoins becasue there are allot of people who are buying a house with rent you know so you should keep your bitcoins in your pocket or called wallet. And look at the price and just sell them for a good price. |
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Offcourse can it be used for a paying method and that is what they want to introduce into the world you know. It is not
just something to invest into but you can do allot of other things with te bitcoin he can do everything .
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The only thing i can say to you is you can better holding on to the bitcoin because bitcoin is growing big and i dont think arbitrage
will be such popular as he was before the bitcoin came into the world off course there are more peopel interested to the bitcoin than in to the arbitrage.
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There happens allot in this euro 2016 never expected that itali will win from spain that is a strange thing. And off course iceland won from england did
You ever expect that or was it just luck for them i dont know what the england people think.
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Thanks! I will check that. Thjere are allot of shops witch accepting bitcoins most of them are find on the internet but not everyone is trusted that good so be sure that you are buying stuff that is true and not fake shit because that will be a loss of your bitcoins and we dont want that. |
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If we hit the 10.000 that will be so good for any other bitcoin user because there are allot of people who
Want to see the price rising but i dont think we will ever hit the 10.000 each bitcoin because that amount is unrelevant.
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If the bitcoin is that high that you can buy houses with it i wont sell my bitcoins and not even for a house men.
You dont know what you are doing why spending your coins into a house a house can you buy with the rent
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For sure i dont even want my women that she know how to use the bitcoin becasue there are to many that can disappear becasue women gives all our money away to clothing and other things so i dont think you all want to give your bitcoins to your women.
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We may have a crash in short term(1-2 months), but I doubt below $400.
This year I doubt we'll see a crash, maybe some sideways for some days, specially between Christmas and the end of year.
Until next to the halving the tendency is the price goes up, but after the halving, impossible to know.
The current uptrend may be recovery from 2 years of bear dominance, natural growth, manipulation or involuntary manipulation because most people think that the price will rise before the halving
I dont think we will go back to the 400 each he will drop a llitle more than he did a view days ago but back to the 400 will he never be. So if you want to make people scared away you need to give a higher value because people dont believe you when you say bellow the 400.. |
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For me after the crash the bitcoin is not any worth to me because there are to many people who are not interested into it any more because the halving,
Affects the bitcoin to much and he dropped with the price in a couple of days with 100 dollar how can that happen never dropped that fasst.
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That is not a quiet good thing because if someone knows your private key he can change anything he want you know.
I hope that this is not just a joke because it is really important to hold your private key for your self because it never called private idiots.
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Bitcoin is always a bad idea to pay online with because it has not a security at all and there are to many peopel who just want to steal your coins online.
So if you want to be sure that you are secured allot on the internet while paying something use paypal for sure!!!
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Off course will it not affect anything of the forum market it is only better for allot of gamers who want to pay trough steam with bitcoins.
So dont be sad because steam is introducing it there will be allot of people very happy about it.
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I dont think you will be milionair in 1030 because the price of the bitcoin need to be atleast 100.000 dollar each and for sure that is a price
he will never hit im sorry to help your dream away but it is true.
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We should all use gold instead of bitcoins because gold is everything in this world that has a big value. There are not so many users of the bitcoin
Gold is here for allong time and the price of gold will always be high for sure.
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Well it sounds like you all are focusing and putting a lot of effort into trying to make BTC directly per day, when you should be using skills or labor to earn more $ and buy BTC. It may even be less effort, you could start a website selling some good or service and accept your local currency and Crypto. You could mow lawns in your free take and take that fiat and buy BTC. 1Hour of mowing a lawn could net you .0312 BTC, that could be .156 btc on a day off! All I am saying is don't spend tons of time looking for ways online to make a pennies or a dollar when you could just work in the real world and convert it if you want.
That is a good advice actually. There are still a lot of offline opportunities waiting out there for those who are really looking. I am trying to earn through signature campaigns while I also buy when the price goes down. I try to combine both so I could accumulate more in way that's suitable for me. I earn allot of bitcoins everyday and that is only because i work allot and i am a hard worker you need to spent all the time into the bitcoin if you want to make allot of money with it. So are you happy with the bitcoin let it see and make money with it. |
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Secondstrade, can you update me too in the spreadsheet.
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Forget FOMO.
What's at play here is RAHMO... regrets at having missed out.
Actually, people that have any regrets about anything related to bitcoin don't understand the whole point of it being a currency/exchange of value. It has to be continuously bought, exchanged, and used whether some years ago, yesterday, now, tomorrow, 5/10/20+ years from now, and forever in the future, AT WHATEVER THE EXCHANGE RATE IS AT THE MOMENT. This whole idea of missing out on Bitcoin is like saying "You know I had a chance to buy and use some [USD/Gold/Oil/whatever] some 40 years ago, but I completely missed out back then. So I've never used it since and I'm not going to use it now." At $1 people used bitcoin. At $750 people are using bitcoin. And at whatever the exchange rate will be in the future, people will still be using bitcoin (and since deflationary, I'm sure that the future exchange rate will be higher). There is no "missing the boat", because the boat is continuous. Dumping will be now really bad and that is because the value of Bitcoin started to rise so you can maybe earn some profit soon with Bitcoin and that is nice. And the hard thing is also that the value of Bitcoin is always changing. |
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Selling will be now the baddest thing that you can do with Bitcoin and that is because you know that the price is now rising but it should be better if you are waiting little longer.
And it is also hard to know what will truly happen so that is risky of Bitcoin.
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It is not that hard to find a wallet and that is because you have to know which wallet is nice to use and which one is the safest so that is important.
And the most popular wallet is I think the Blockchain.
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