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Omega Weapon
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November 09, 2016, 06:26:05 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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achow102
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November 09, 2016, 06:38:32 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin |
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goldcoinminer
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November 09, 2016, 07:12:38 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin We cannot be sure if that will happen because the way I see it, the price of bitcoin is already high and I believe that in the future it will be higher than the current price and the government cannot tax as we are anonymous and we do not need to comply with the law that we are not covered. |
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Omega Weapon
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November 10, 2016, 01:59:59 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all. |
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Ziskinberg
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November 10, 2016, 03:16:37 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all. There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat. What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created. |
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springgers
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November 10, 2016, 03:49:32 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all. There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat. What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created. You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that. If you will buy something like that for sure you will be taxed. |
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Caladonian
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November 10, 2016, 06:29:26 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all. There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat. What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created. You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that. If you will buy something like that for sure you will be taxed. here in our country the main exchangers only allowed 400k pesos for any transaction making sure that it will not be use for money laundering and its a law here that hold the exchange for sure if you going to buy a house there's a taxes involved but good thing if you can exchange your btc to buy a house for your future. |
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Positid
Sr. Member
 Offline
Activity: 378
Merit: 250
BULL RUN until 2030
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November 10, 2016, 01:23:41 PM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
I think by the time the State establishes a tax on transactions with Bitcoin I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all. There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat. What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created. You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that. If you will buy something like that for sure you will be taxed. here in our country the main exchangers only allowed 400k pesos for any transaction making sure that it will not be use for money laundering and its a law here that hold the exchange for sure if you going to buy a house there's a taxes involved but good thing if you can exchange your btc to buy a house for your future. It's not actually a problem as you can make as many account as you are. You can use the accounts of your friends or family if your limit is done early for the year. That's a lot of money mate, I think you are making big money here in the crypto world. |
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hurain
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November 12, 2016, 04:26:41 PM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. |
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Bitcoin Market
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November 12, 2016, 07:58:01 PM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house. |
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gabmen
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November 13, 2016, 01:17:01 PM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house. well yeah I don't think it would be good if you put all your bitcoins in buying a house and then start again from scratch. if you have enough bitcoins, it would still be better if you'd leave a certain amount left to work with again after purchasing. although that would mean that you have a considerable amount of bitcoin already in your hands. |
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bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
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November 13, 2016, 01:40:26 PM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house. How did you came up with this 30% mark? For me, it depends on the proportion of BTC holdings to the total investment portfolio. If your BTC holdings constitute to more than 25% of your total investment portfolio, then it will be better to sell some of the coins to reduce over-exposure. If the proportion is quite low, then hold on to your coins until the exchange rate increase to $10,000 per coin, or $25,000 per coin. |
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genos
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November 14, 2016, 04:03:16 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house. How did you came up with this 30% mark? For me, it depends on the proportion of BTC holdings to the total investment portfolio. If your BTC holdings constitute to more than 25% of your total investment portfolio, then it will be better to sell some of the coins to reduce over-exposure. If the proportion is quite low, then hold on to your coins until the exchange rate increase to $10,000 per coin, or $25,000 per coin. It is depend how the bitcoin price against fiat and the amount of bitcoin that he have. If he is fine to buy house with all of his bitcoin it is fine no problem. This is all about his calculation and planning, but I think he still need to convert his bitcoin into fiat before buy a house, There are some place that accept bitcoin but I never find someone who sell house which accpet bitcoin. |
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Positid
Sr. Member
Offline
Activity: 378
Merit: 250
BULL RUN until 2030
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November 14, 2016, 06:00:46 AM |
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If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.
to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house. If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house. How did you came up with this 30% mark? For me, it depends on the proportion of BTC holdings to the total investment portfolio. If your BTC holdings constitute to more than 25% of your total investment portfolio, then it will be better to sell some of the coins to reduce over-exposure. If the proportion is quite low, then hold on to your coins until the exchange rate increase to $10,000 per coin, or $25,000 per coin. It is depend how the bitcoin price against fiat and the amount of bitcoin that he have. If he is fine to buy house with all of his bitcoin it is fine no problem. This is all about his calculation and planning, but I think he still need to convert his bitcoin into fiat before buy a house, There are some place that accept bitcoin but I never find someone who sell house which accpet bitcoin. Buying a house using your bitcoin is not a problem, the only problem is when are we gonna buy a house. It's everyone's dream to be rich in bitcoin but we do lack of capital to invest, remember that we need to put a decent amount of money to earn a big amount of money. Should be that way. |
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jonahmarieaton101
Member
Offline
Activity: 112
Merit: 10
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November 14, 2016, 12:41:23 PM |
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that idea always came to my mind if bitcoin would increase very high maybe i would buy a house. In fact, that's the goal i want to have in my life when i joined to bitcoin, but since i haven't enough bitcoin to buy that, well the only thing i can do is to work hard and harder so that in the near future i can afford to buy that things.
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madwica
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November 14, 2016, 01:16:43 PM |
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There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.
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Kotone
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November 14, 2016, 01:19:23 PM |
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House should not be treated as an investment.
It always depends on the people if you are going to treat house in investment then you are going to have house in the future and here in my country you need atleast have some good oney to downpayment and then start investment to it till your going to have it  |
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Capradina
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November 14, 2016, 01:20:40 PM |
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There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.
It is very likely your friends!!. Everyone can buy any using bitcoin, however it must be in the original currency exchange rate. So if we want to buy a House with bitcoin then profiteers in the bitcoin and thereafter sell bitcoin and exchanged with fiat. Everything looks simple, friend, do not complicate the issue. If it can not be used now for sure in the future it will be used in the bitcoin various things |
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transabox
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November 14, 2016, 07:15:25 PM |
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No one can guess how much the price rises on Bitcoin. This is what he has attracted many investors. I do not think it will rise so much that it will be possible to buy a house. But you can try. Now is a good time to buy Bitcoin
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Xester
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November 15, 2016, 09:12:50 AM |
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When bitcoin reaches triple or more the current price, for sure you
can buy a house. But, ofcourse you need to convert first into fiat,
depends also if you find an owner which accepts bitcoin.
Well, buying a home may be just the beginning, because if you have managed to buy a house of bitcoin, then you can buy anything from bitcoin. Well, you have to buy supplies and secondary needs that you need, then you should buy a car and motor to make it look good I think he can buy a house using bitcoins. u can post and look for a seller that using bitcoins.and it is practical to invest for a home using your earnings from bitcoins. that is possible now because many rich people are using bitcoins now. maybe i the future we can also buy appliances, you are lucky if you can buy a house using your bitcoins earnings! |
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