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MaritiJames3
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September 07, 2016, 03:23:40 PM |
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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.
I you can make so much money with Bitcoin that you can buy a entire house then you should do it because a house is the best thing you can buy. Do not go out and blow your money because that is just stupid. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Xinarae
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September 07, 2016, 03:28:19 PM |
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Bitcoin like a stuff then worth as money, is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. So there free you for anythings. Wanna buy house? more stuff? there back again how you do better yours self and family.
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Rahar02
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September 07, 2016, 04:37:24 PM |
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Bitcoin like a stuff then worth as money, is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. So there free you for anythings. Wanna buy house? more stuff? there back again how you do better yours self and family.
From the beginning I know bitcoin as online currency that has high price from time to time. Of course you can buy a house using bitcoin as payment (if accepted) or simple convert it into fiat money to pay for the house. I'll do the same if bitcoin goes up very high, that's why it called as long term investment. |
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Positid
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BULL RUN until 2030
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September 08, 2016, 09:37:50 AM |
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Bitcoin like a stuff then worth as money, is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. So there free you for anythings. Wanna buy house? more stuff? there back again how you do better yours self and family.
From the beginning I know bitcoin as online currency that has high price from time to time. Of course you can buy a house using bitcoin as payment (if accepted) or simple convert it into fiat money to pay for the house. I'll do the same if bitcoin goes up very high, that's why it called as long term investment. The real essence of the question is not really using your bitcoin to buy a house, it just stated that if our investment will grow do we buy a house, and the simple answer for me is yes, why not? That is money that we earn from our hard work so we should also reward ourselves on that. |
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aesma
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September 08, 2016, 12:39:04 PM |
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If you think bitcoin will go up, and you own hundreds of bitcoin (minimum for a house where I live is 350BTC), then spending it all on a house is not smart, unless you think the house's worth can go up just as much. I mean if you own 350BTC today, you're not risk averse, so it would make more sense to buy the house with a significant mortgage, at dirt low rates. In my country you can easily get a fixed rate mortgage so not much risk, if there is inflation the house becomes cheaper and cheaper to pay out, so win win.
On the other hand if like me you own only a few bitcoins, then selling them as part of buying a house is not really a problem, we can reenter the market later.
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dunfida
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September 08, 2016, 12:54:43 PM |
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Bitcoin like a stuff then worth as money, is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. So there free you for anythings. Wanna buy house? more stuff? there back again how you do better yours self and family.
From the beginning I know bitcoin as online currency that has high price from time to time. Of course you can buy a house using bitcoin as payment (if accepted) or simple convert it into fiat money to pay for the house. I'll do the same if bitcoin goes up very high, that's why it called as long term investment. The real essence of the question is not really using your bitcoin to buy a house, it just stated that if our investment will grow do we buy a house, and the simple answer for me is yes, why not? That is money that we earn from our hard work so we should also reward ourselves on that. Maybe he doesnt know what OP really meant in his question. No one would surely say no to buy a house which almost of us had a dream on having our own house. If we are making profits with bitcoin in the future and could able to buy a house. Then why not.? |
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angryswamp
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CryptoTalk.Org - Get Paid for every Post!
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September 08, 2016, 03:55:05 PM |
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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.
I you can make so much money with Bitcoin that you can buy a entire house then you should do it because a house is the best thing you can buy. Do not go out and blow your money because that is just stupid. i would definitely do that if i had that much money though i dont earn so big right now, i hope that bitcoin will be big though |
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Ziskinberg
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September 10, 2016, 02:52:56 AM |
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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.
I you can make so much money with Bitcoin that you can buy a entire house then you should do it because a house is the best thing you can buy. Do not go out and blow your money because that is just stupid. i would definitely do that if i had that much money though i dont earn so big right now, i hope that bitcoin will be big though Buying a house from bitcoin is already a big accomplishment for our investment, that is the great reward we can get for supporting bitcoin and risking our money for the future of bitcoin. |
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boyptc
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September 10, 2016, 09:38:27 AM |
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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.
I you can make so much money with Bitcoin that you can buy a entire house then you should do it because a house is the best thing you can buy. Do not go out and blow your money because that is just stupid. i would definitely do that if i had that much money though i dont earn so big right now, i hope that bitcoin will be big though Buying a house from bitcoin is already a big accomplishment for our investment, that is the great reward we can get for supporting bitcoin and risking our money for the future of bitcoin. Yeah it is a success and achievement if you are going to buy your own house with the use of bitcoin. This is my dream and goal in bitcoin, if I would be able to invest my bitcoins in real property then that is going to be a thing that I can be proud of and I want to get to the next level. And what's next is probably a car. |
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n691309
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September 10, 2016, 09:40:21 AM |
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Whatever the price be you should decide if you want to buy a house or not, depending on your bitcoin volume that you are holding I would not buy a house unless i plan to sell it later and make profit but depends on our preferences.
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Aamir1
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September 10, 2016, 02:51:48 PM |
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Whatever the price be you should decide if you want to buy a house or not, depending on your bitcoin volume that you are holding I would not buy a house unless i plan to sell it later and make profit but depends on our preferences.
Obviously, everyone has a different thinking or different various plans are roaming around the minds of people having bitcoins as they think they would earn quite a lot of profit in long term holding so it depends on an individual if what he wants to do with his bitcoins later on. |
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Orion25
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September 10, 2016, 05:16:57 PM |
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Whatever the price be you should decide if you want to buy a house or not, depending on your bitcoin volume that you are holding I would not buy a house unless i plan to sell it later and make profit but depends on our preferences.
For every person is important and its selection of home buying. If you need to purchase and configure the nest, then of course if there is an appropriate amount of coins, you need to buy. Otherwise it makes no sense for the extraction of money. Why, then, you need money if you do not buy what you need. |
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Yakamoto
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September 10, 2016, 05:23:27 PM |
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If Bitcoin goes up high, you should buy whatever you think will be able to secure its value the most. If you think that something like a house will retain the value of your Bitcoin, then buy a house. Precious metals? Buy precious metals. There is nothing that stops you from using one investment over the other.
However if you are able to buy something with a lot of value that you can use (like a house or a car), buy it.
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shane
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September 10, 2016, 05:36:04 PM |
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If Bitcoin goes up high, you should buy whatever you think will be able to secure its value the most. If you think that something like a house will retain the value of your Bitcoin, then buy a house. Precious metals? Buy precious metals. There is nothing that stops you from using one investment over the other.
However if you are able to buy something with a lot of value that you can use (like a house or a car), buy it.
yes if bitcoin prices rise very high, you can buy everything. but buying a home is the most important. you can even buy a house in considerable amounts as 5-10 home, this could be a great investment in the future, as house prices continue to rise and will never go down. |
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Crazygreek
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September 10, 2016, 09:19:00 PM |
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It's very very good purchase, you should buy a house for sure, but no need to do this when you are not sure it's a good for you, but if your life will not change in bad side, do it.
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Altynbekova
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September 14, 2016, 02:48:58 PM |
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Yeah why not buy a house but the question is if you are going to be able to make enough money with Bitcoin so that you can buy a whole house because houses are not cheap.
I hope that you can make enough money with it to be able to do what you want.
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leakingnoseee
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September 14, 2016, 05:11:54 PM |
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Yes if bitcoin will ever be expensive, you should spend them all
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xIIImaL
Legendary
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Activity: 1372
Merit: 1005
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September 14, 2016, 05:37:34 PM |
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It's very very good purchase, you should buy a house for sure, but no need to do this when you are not sure it's a good for you, but if your life will not change in bad side, do it.
Bitcoin price may can increase in future However We can't able to buy a house or anything which is involves some legal issues. Because bitcoin is not has been announced as centralised. If not You will not able to buy a house. |
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AdolfinWolf
Legendary
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Activity: 1946
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September 14, 2016, 05:49:11 PM |
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It's very very good purchase, you should buy a house for sure, but no need to do this when you are not sure it's a good for you, but if your life will not change in bad side, do it.
Bitcoin price may can increase in future However We can't able to buy a house or anything which is involves some legal issues. Because bitcoin is not has been announced as centralised. If not You will not able to buy a house. 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.
Well if you are able to buy a house for it with your bitcoin, I would highly suggest it, in the world we live in today, well atleast in europe, the prices of houses/ground are only going up because the world population keeps rising$. You could see a house as an investment aswell, especially in big city's prices are probably going up next couple years. |
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Bitcoinsummoner
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September 14, 2016, 06:09:23 PM |
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It's very very good purchase, you should buy a house for sure, but no need to do this when you are not sure it's a good for you, but if your life will not change in bad side, do it.
Bitcoin price may can increase in future However We can't able to buy a house or anything which is involves some legal issues. Because bitcoin is not has been announced as centralised. If not You will not able to buy a house. If you can be still buy house using bitcoin if you are lucky that you are holding a lots of bitcoin you can make more profit to convert your bitcoins into fiat that you can use to buy house. |
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