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.
buying a house? Buying a house is a good thing to be bought when the value of bitcoin will get very high. Also instead of buying car or any luxurious things its better to buy a house first instead of having luxurious things without a house and its better than always renting. I think whatever you want if you have a lot of bitcoin in your wallet that's not a problem but the point here is that the house has a good prospect as a long-term investment right ? seeing real estate has a significant price increase every year |
|
|
|
It depends on the situation because only few people are converting their Fiat currency into Bitcoin and leveraging their money for future. But many people still have strong opinion on USD market because it is still, ruling all the world with it's value. Nothing is more greater it depends on people choose to use.
Yes. All depends on the market demand and the market demand is ultimately governed by people. Bitcoins are though much more in worth than dollar but the problem is still they are not as famous as dollar. Many people who are living in countries where bitcoins are legal don’t know about them. But with time, bitcoins will be used as international currency besides dollar. bitcoin is still on its developing process while USD already on its fully access since it is a fiat that can be used instantly while btc is a cryptocurrency that is much better for savings and online transactions. I think it's too early to compare bitcoin with dollars, the dollar is alive and used since thousands of years ago while bitcoin is still corny where bitcoin is still growing to be popular whereas the dollar is already used anywhere in the world? |
|
|
|
True bitcoin is much better than gold and also safer when compared to gold, through investing in bitcoin your money in a very profitable and incremental way for a while at least because bitcoin prices increase day by day.
For me bitcoin is better than gold.
I am not agree with your point of view because for me bitcoin is much better than gold the price of the bitcoin is very high and it is still growing and other thing that if you will keep your bitcoin in a hardware wallet you can keep your bitcoin secure for life time but in gold you cannot keep it for so long because any one anytime can steal it from you and you cannot carry your gold along with you outside it can going to be snatched by the street robbers but bitcoin is your property that no one can ever snatch from you ever. you're reaching so hard it's unbelievable; first off, there's been numerous accounts and stories of bitcoin theft, you can just Google it and we at least 20 separate, major cases. secondly, you cannot simply compare gold, an asset with a history of stability and growth, with bitcoin, an extremely new idea with a history of volatility. thats true, i think we can not directly compare bitcoin with gold. after all both have different advantages respectively. just because gold is stable you can not say that bad gold and bitcoin are better, because this is just about one's people view |
|
|
|
Steady income can be achieved by many ways but according to me i am quite sure that its not possible with bitcoins right now, These days due to lot changes in rates makes the trading unpredictable.
Indeed! For steady income you need a source that produces steady profits and this s yet not possible with digital currencies. They have unstable natures; the prices are fluctuating all the time. For steady income, we need a day job but for grand profits I am investing into bitcoins. of course because the bitcoin price is not stable even if you get a fixed income in every week in cryptocurrency, if the conversion to fiat certainly income will not always remain. then to get a steadt income you should to have a steady job like in the company |
|
|
|
Well every investors aim of investing is to make good and high profit, and your aim of doing business is to stake high return and if all the above mentioned are likely to be your mindset towards investing I think you should consider investing in bitcoin.
In bitcoin is very easy to make high gains on you initial capital, due to the steady rise of bitcoin to other currency.
Is almost very difficult to loose money when you invest in bitcoin.
True. I can't really believe how bitcoin and crypto change my life. All my fiat savings and other assets including stocks look very pale in comparison with my crypto assets. And this is not too late. We are still at pioneering stage. It can really change our life a lot. Btc been too good for us that it helps us alot in our financial status. Soon it can grow more so we should work hard and double our efforts. No doubt that bitcoin is a very profitable investment. I think if you want to change your life and your finances get better then one way is from investing in bitcoin. you need to know that the potential of bitcoin in the future is still very big. new users will keep coming and it will make the price higher, its mean if you save and invest in bitcoin you will get a profit dude! At this point, up to the next couple.of years, i think it's the best way to invest your money on. Of course it's still better to diversify your investments but if you ask me, i'd put quite a bulk of it on btc. even to the next few years even hundreds of years to come I think bitcoin will still be a profitable investment, why? because bitcoin has become a new innovation of a commodity and currency of the future |
|
|
|
It will never be as stable as gold and others because its characteristics are different from others, bitcoin price is volatile so the price will never become stable even in the future. If you are talking about reliable in terms of stability then i think bitcoin is reliable enough by observing its price even after hard fork.
Yes bitcoin is a digital currency, so it will never stable. And suppose if it is stable then there is no use for traders. And who are invested big amount on this Bitcoin they will not get any profit. So people will not let this currency to become stable. Even I also don't like the stable price for this Bitcoin. If it is stable, then there is no use to wait for a long time to make a profit. True, if the bitcoin price is stable of course no one becomes a bitcoin trader who can benefit. The nature of bitcoin itself, of course, because the price can change so that many traders who take advantage of unstable bitcoin prices. Even at an unstable price many people are interested in investing in bitcoin because they see bitcoin prices easily change in value. stable prices does not mean there is no change in prices that occur in bitcoin, stable prices mean price changes are not as fast and as big as this time, but the price keeps moving its mean trader can still do trade and get profit dude |
|
|
|
The main problem of accepting Bitcoin as a payment is firstly governments should be given green signals to the retailers in order to accept bitcoins. There are some countries who have given permissions to retailers to accept Bitcoin as payments method.
It's not necessary for countries that does not have any legal issue about Bitcoin. The only thing that retailers will be facing is that they have to be honest when it comes to their Bitcoin earnings as they are aslo taxable in terms of income tax. Yes I know the payment you get is in Bitcoin but it is also counted as your income there is no escape in that, and if you ever tried to evade it is only a matter of time before you get caught and face legal charges. I think without any legalization even if the store could accept payment with bitcoin, I think the problem is not on legalization but on the popularity of bitcoin. there are still very few people who know about bitcoin, so there are still few stores that support with bitcoin |
|
|
|
People are holding bitcoin because it's a good investment and most of them are expecting that bitcoin will rise and reach $5000 at the end of this year. What more in the future? It's a good investe and expecting to continue grow.
I also hope for this year bitcoin will rise to $ 5000  and the more the year will increase the price increase. Why don’t you people try to increase your bitcoin rather than increasing your money. It will cross 5k no doubt in that but the time when you sell 1 bitcoin you should be smart enough to sell double or triple bitcoin. Until the price raises you must keep trading and try to make more bitcoin. And that will give you more profit when you sell them at the end of the year. And it will also keep your mind active. Thats right i think holding would be boring. I think while you're waiting for a high rise (surely) price it's better to use it to grow your bitcoin while waiting for the price to go up. Of course it will give you double advantage for you right ? |
|
|
|
I do not think so. In finding bitcoin it is a process. The result is a profit that can lead us to wealth. So there is no instant word for everything that proceeds.
yes that is very right to say that to earn money from bitcoin we need to have good experience there, and it is not such an easy way as we are thinking about it. i think earning money either from any why is not such an easy job. you need a regular process to follow for that. Certainly not an easy thing to get rich from bitcoin. I think in any method it is not an easy thing to get rich. I think there is no instant method that is not at risk. if you want to be rich with instant it will definitely be at high risk like gambling, doubling, etc. |
|
|
|
Nope. I dont think so because bitcoin is a digital money and we all know that we are living in the world of reality. We must know that in our life we must rely on our reality not on our digital money. And if you cash bitcoin it will turn ito dollar because they didn't have paper or coins for bitcoin reality. So I think doar will not replaced by bitcoin. Maybe in the next 20-30 years bitcoin will not replace US Dollar but who knows what happens in the future. If everyone had a mobile device with internet access bitcoin, or maybe other crypto, would be a great way of payment. Right now we are far from that, that's right. In my own opinion i think it will be a very long journey for bitcoin to replace the dollar. Dollar's been there for as far as we can't remember, and still standing very strong. Maybe someday another crypto currency will rise, maybe stronger than bitcoin but its impossible to replace the Dollar. Yes agree, it takes a journey and a very long stage, of course must be started with a large user, then transactions between countries that still use the dollar switch to bitcoin. when japan and south korea endorse bitcoin, then this is a good sign, hope other countries soon follow. It takes a lot of things to only be able to compete with dollars (not replace). It may take a very large adoption where the user has covered the whole world, then there is no problem with bitcoin, etc. It takes a lot of things because the dollar is very strong and difficult to replace |
|
|
|
It is true that currently only a few countries have legalized bitcoin, and not all people are willing to trade using bitcoins, perhaps by the time they are willing to accept payments using bitcoin and must have a big influence in the real world that first recognizes paper currency
The reason why they don’t accept bitcoin is that they don’t have enough knowledge about it or modern world. Those who still don’t know about bitcoin are pathetic. They don’t know key to be a millionaire. I think that is because they are illiterate and don’t stick to any knowledgeable material that give them knowledge about bitcoin or any other technology. But those people must be told about it. Of course people who already know and understand about their bitcoin will definitely use bitcoin. Many people have not joined because they have not had the opportunity to know bitcoin. So there needs to be massive deployment so they can get to know about bitcoin |
|
|
|
What kind of corruptions you are talking about? Bribes? Money laundering? Insider trading? Every single one of those existed before bitcoin and they will exist after it. If bitcoin made being corrupted easier, so what? Internet also made so many crimes possible. People even can hire hitmen from the internet. Do we blame the internet for that? No. Every technological advancement comes with pros&cons.
Exactly once, it's all back to the user again, if used for good then it will be good, but when used for bad things it will also be able to ruin it all this tergantuing from the purpose of bitcoin users themselves Obviously! The objects themselves are never bad. We can never curse any creation for harming mankind for instance with a knife you cut fruits and murder someone as well, so the problem is not with knife rather with the user. Same is the case with bitcoins. Before their creation, corruption was still there. You are right. Problem is with us and our minds. When it was created even then people used to involve themselves in corruption. And that example of knife was best. It is absolutely made for betterment of mankind but even then there are people are there who can make bad use of it. So I think we should be positive by ourselves. A good analogy. because the bad is not on bitcoin but on the user, because bitcoin can not choose which users are allowed to use, because decentralized bitcoin so anyone can use bitcoin and anyone else is free to do anything with bitcoin. so I think it is not wrong bitcoin if bitcoin leads corruption |
|
|
|
What I like best about Bitcoin is the fact anyone can buy it around the world and send money so fast with low fees whereas other methods take far longer and outrageous fees.
I like how it can be divided by so many decimal places to allow very precise and easy transactions.
I think all the remittance methods have this facility, which is sending money to all corners of the world with just one click send and with a fee that is quite cheap but the difference is the bitcoin is simpler without the need to register and verify to get the service |
|
|
|
It's personal man, you're the only one who can decide that. If you have great incomes then why not save it for the future. Or split the amount on how much you are able/want to spent or save.
Yes, I agree we shall spend it only for future emergency use. But if we really want to spend it for somehow atleast we shall Lower down all our important expenses that can't be removed by this we can savemore for other investments. Saving for the future is a sure thing and should not be missed. But if you have a lot of bitcoin and then you want to spend bitcoin on certain things, that's not a problem and the important thing is that you spend regularly and in accordance with your financial situation and do not be wasteful |
|
|
|
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think it is both. Bitcoin is popular indeed than any other cryptocurrency. Other country support bitcoin because of number of users. Upon increasing this number of users, it also brings income to lot of people by exchanging it to a local currency. Because of stable income provided by bitcoin, it decreases tje employment rate, hence improving its economical state I think first the government will see the number of bitcoin users from their country. When the government was surprised by the number of bitcoin users in their country that are on the rise. I think the government will start thinking about how to control bitcoin so that it benefits the many people in their country |
|
|
|
In my opinion it is not possible in every country to block bitcoin (or even all crypto) but depending on the state within the government that does not want bitcoin to break in their official currency ( bank )
Maybe not all countries will block on bitcoin, for example my country. In my case bitcoin is not prohibited but not legalized. So all risks borne by the users themselves. The government will not interfere with interests in cryptocurrency. I think it's better than banning bitcoin |
|
|
|
In the past, I invested some of my btc funds in some HYIP and also in order to start my own online advertising business. Everything failed and I lost my money. Now, when the price of bitcoin jumped high to the sky, I will not repeat my mistake anymore. I will just keep my btc funds in the wallet and wait  I think holding is also a risk. Because the price whenever it can go down and you should be prepared with it. Holding back also requires patience and confidence because without patience and conviction maybe you will panic when the price goes down and sell your bitcoin, then you lose money. It will be the same as your previous story |
|
|
|
I do like about being my own money and be able to make a transaction anytime without have to ask permission to moove my money, something that banks does when you play with some big ammount. Besides those im able to moove and send bitcoin to any part of the world without have to pay extra fee, in the general i do love freedom and low fees, and the fact i can choose when i will exchange my coins at a best rate for me.
Of course the most liked is because of the freedom of bitcoin. You are free to keep as much money in bitcoin, and can also withdraw any amount of your money in bitcoin, where the bank provides a limit on the amount of money that can be withdrawn. But bitcoins do not give you the limits to withdraw money, otherwise you are also free to do anything for any transaction in bitcoin |
|
|
|
It can't lead the corruption countries which have already problem with corruption will use that payment system to make it easier but in countries where laws and police are working to make corruption less posible it would be really easy prove that corruption happend and it can take liability from people who made ilegal action
I think it's not necessary to be hypocritical not to admit that bitcoin really helps corruptors to launder money from corruption they do, how not bitcoins have an anonymous nature and they can hide their corrupt money in bitcoin safely, I think nobody knows this is happening or No, because of the anonymous nature of it |
|
|
|
I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die? |
|
|
|
|
Show Posts
