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ethereumhunter
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November 20, 2016, 03:25:02 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 think that if you want to have a house then you should buy it, because otherwise you can just earn money and keep it for some occasion that never comes and just die not using it and limiting yourself for all your life. Or Bitcoin can suddenly explode and you will end up with no money and no house. agree with this and i hope that you don't miss the chance for buying a house because we don't know until when we can still make profit from bitcoin and as long we have much of money, then its wisely for buy much of investment and then we can reach the dreams that many people want which is passive income for the rest of our life. |
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Dudeperfect
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November 20, 2016, 04:33:04 AM |
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That would be a good decision and I would also do same if i have the right amount of Bitcoin to make that happen. I belief its possible but one just need the right amount of determination to make that happen because of the fear that when I sell now, what if the price increases tomorrow? Maybe I should wait a little bit before selling? all this questions will definitely want to stand in the way of that dream and needs to be answered quickly.
Most of those who were serious early adapters already have sufficient amount of bitcoins to buy a house. I believe that we are still in the early phase and bitcoin has much more potential so those who are taking bitcoin seriously will have good position in probably next 5 years. Dreams do come true, we just have to give that extra push which is required for that situation. |
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Fireblade
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November 20, 2016, 06:56:54 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 think that if you want to have a house then you should buy it, because otherwise you can just earn money and keep it for some occasion that never comes and just die not using it and limiting yourself for all your life. Or Bitcoin can suddenly explode and you will end up with no money and no house. agree with this and i hope that you don't miss the chance for buying a house because we don't know until when we can still make profit from bitcoin and as long we have much of money, then its wisely for buy much of investment and then we can reach the dreams that many people want which is passive income for the rest of our life. all kind of investment are risky and no one know about the trading result, either one can make money or will lose their own. to buy a house do not depend only on the price of bitcoin, it also depend on the place value that where you want to buy a house for example if you are going to buy a house in capital then its value will be more that buying house in some other area, the second is that the price is also depending on the are of the house, house having large area will high price as compare to the house will small area. |
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goldcoinminer
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November 20, 2016, 01:09:16 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 think that if you want to have a house then you should buy it, because otherwise you can just earn money and keep it for some occasion that never comes and just die not using it and limiting yourself for all your life. Or Bitcoin can suddenly explode and you will end up with no money and no house. agree with this and i hope that you don't miss the chance for buying a house because we don't know until when we can still make profit from bitcoin and as long we have much of money, then its wisely for buy much of investment and then we can reach the dreams that many people want which is passive income for the rest of our life. all kind of investment are risky and no one know about the trading result, either one can make money or will lose their own. to buy a house do not depend only on the price of bitcoin, it also depend on the place value that where you want to buy a house for example if you are going to buy a house in capital then its value will be more that buying house in some other area, the second is that the price is also depending on the are of the house, house having large area will high price as compare to the house will small area. The thing is you will buy a house due to the fact that you were able to make profit from your investment with bitcoin. I believe it is not impossible if you put your money where you mouth it, not just saying your believe in bitcoin and you can confident the price will increase but what matters is the action. |
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madwica
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November 20, 2016, 01:27:41 PM |
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That is good to buy a house but it always depend on your investment it vary the income in your invesment but the idea is really great. And it can help to achieved your goal just work hard in bitcoin not focus only in your investment.
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coinfast
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January 09, 2017, 09:35:15 AM |
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Houses could also rise in value, and you can resell it for a profit as well. I think it was a pretty good idea, but the problem is whether the person who sold his house to be aware and know about Bitcoins?
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millgates
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January 09, 2017, 03:23:21 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.
Just buy it, because house is an investment based on property. The price of the house is increase everytime such us bitcoin, but you have to choose the house that in strategic place. If you have so many bitcoin you can buy anything. |
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Mastsetad
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January 09, 2017, 05:00:52 PM |
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Houses could also rise in value, and you can resell it for a profit as well. I think it was a pretty good idea, but the problem is whether the person who sold his house to be aware and know about Bitcoins?
It doesn't really matter if the person selling the house knows about bitcoin or not, but the person selling it should have enough bitcoin so that he can sell them and pay the seller with cash, the thing needed for that is a really big price or the buyer should be holding quite many bitcoins in order to do that. |
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Dammitt
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January 09, 2017, 05:12:45 PM |
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If the prices of the houses have increased at this moment, you will think that you need to adjust according to the location. As bitcoin increases it is possible that this depends on how much bitcoin you have in your hand.
When you think about buying a home, you need to evaluate it when the price of bitcoin increases. At this moment your chances are good that you can still have a good home on the way, but you need to research well.
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Ereacia
Newbie
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Activity: 51
Merit: 0
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January 09, 2017, 05:44:53 PM |
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If the prices of the houses have increased at this moment, you will think that you need to adjust according to the location. As bitcoin increases it is possible that this depends on how much bitcoin you have in your hand.
When you think about buying a home, you need to evaluate it when the price of bitcoin increases. At this moment your chances are good that you can still have a good home on the way, but you need to research well.
If you have a lot of bitcoins its possible and it would be nice, it has been done already multiple times buts its not happening a lot because its stays a investment and due to that people do not trust it. |
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Jaxelrell
Member
Offline
Activity: 85
Merit: 10
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January 09, 2017, 05:53:28 PM |
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If the prices of the houses have increased at this moment, you will think that you need to adjust according to the location. As bitcoin increases it is possible that this depends on how much bitcoin you have in your hand.
When you think about buying a home, you need to evaluate it when the price of bitcoin increases. At this moment your chances are good that you can still have a good home on the way, but you need to research well.
If you have a lot of bitcoins its possible and it would be nice, it has been done already multiple times buts its not happening a lot because its stays a investment and due to that people do not trust it. If you have a lot of bitcoins you can do this and it also would be good because investing in houses is a very good investment for later!! |
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Gloiri
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January 09, 2017, 05:57:15 PM |
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If the prices of the houses have increased at this moment, you will think that you need to adjust according to the location. As bitcoin increases it is possible that this depends on how much bitcoin you have in your hand.
When you think about buying a home, you need to evaluate it when the price of bitcoin increases. At this moment your chances are good that you can still have a good home on the way, but you need to research well.
If you have a lot of bitcoins its possible and it would be nice, it has been done already multiple times buts its not happening a lot because its stays a investment and due to that people do not trust it. If you have a lot of bitcoins you can do this and it also would be good because investing in houses is a very good investment for later!! If we talk about the question if it will be worth it, I fully agree with you because on that way it is worth to invest in a house for sure, on the other hand I would not do this because the bitcoin can even rise more and more so holding can also be a good option. |
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Tanic
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January 09, 2017, 09:47:22 PM |
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That would be the nice buying to you in the case that you have enough money to buy a house in bitcoins in that moment . Why not? the idea is really great! But in the case that you have like 2 bitcoins you will have to wait to the price reached 10 000$ as minimum  |
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Colt22
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January 09, 2017, 10:10:35 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 think that if you want to have a house then you should buy it, because otherwise you can just earn money and keep it for some occasion that never comes and just die not using it and limiting yourself for all your life. Or Bitcoin can suddenly explode and you will end up with no money and no house. agree with this and i hope that you don't miss the chance for buying a house because we don't know until when we can still make profit from bitcoin and as long we have much of money, then its wisely for buy much of investment and then we can reach the dreams that many people want which is passive income for the rest of our life. In the coming days maybe some weeks the price of bitcoin will increase much higher and if we wait for more longer then we will be able to buy a house with much lowest amount of bitcoins so a little wait will be beneficial. |
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DerDerrick
Newbie
Offline
Activity: 33
Merit: 0
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January 09, 2017, 10:34:21 PM |
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If I would have the money for it I would also do this, buying a house is nice and if you can do this with the bitcoin its even more awesome, if you can do this you have made a very good investment.
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shine1123
Sr. Member
Offline
Activity: 490
Merit: 250
🤖UBEX.COM 🤖
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January 10, 2017, 12:53:57 AM |
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It's a good plan, buy a house when the price of bitcoin goes high. So when the bitcoins price goes down you don't care about that and your nominal price still same. Like example on 4 days ago, when the price of bitcoin at the top price around $1050+ you use all our coins buy a house and when the price goes down like 3-4 days ago, you still fine, because you already use the bitcoin for buy a house.
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Ziskinberg
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January 10, 2017, 02:41:59 AM |
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It's a good plan, buy a house when the price of bitcoin goes high. So when the bitcoins price goes down you don't care about that and your nominal price still same. Like example on 4 days ago, when the price of bitcoin at the top price around $1050+ you use all our coins buy a house and when the price goes down like 3-4 days ago, you still fine, because you already use the bitcoin for buy a house.
One you buy a house, you already made your decision to cash out your bitcoins into fiat, that means your money will not grow anymore. It's actually depend on you plan, if you need a house then go ahead, it's your profit anyway and as an investor we also need to reward ourselves. On the other hand, if buying a house is due to investment, then always consider which one would bring good return in the future, is it investing in bitcoin or your house? |
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huahuaea
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January 10, 2017, 03:04:45 AM |
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It's a good plan, buy a house when the price of bitcoin goes high. So when the bitcoins price goes down you don't care about that and your nominal price still same. Like example on 4 days ago, when the price of bitcoin at the top price around $1050+ you use all our coins buy a house and when the price goes down like 3-4 days ago, you still fine, because you already use the bitcoin for buy a house.
Bitcoin prices fluctuate, the house is the same. If you buy a house is to invest, and there is enough bitcoins, you can buy a house, but I still choose to invest bitcoins. If you do not have a house, you buy a house to live in, no matter how bitcoin prices fluctuate, you do not lose the house to buy. |
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warwar
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January 10, 2017, 03:34:45 AM |
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It's a good plan, buy a house when the price of bitcoin goes high. So when the bitcoins price goes down you don't care about that and your nominal price still same. Like example on 4 days ago, when the price of bitcoin at the top price around $1050+ you use all our coins buy a house and when the price goes down like 3-4 days ago, you still fine, because you already use the bitcoin for buy a house.
One you buy a house, you already made your decision to cash out your bitcoins into fiat, that means your money will not grow anymore. It's actually depend on you plan, if you need a house then go ahead, it's your profit anyway and as an investor we also need to reward ourselves. On the other hand, if buying a house is due to investment, then always consider which one would bring good return in the future, is it investing in bitcoin or your house? Well we could say that we cant buy a house using bitcoin without exchanging it to our own fiat. So we should first exchange it. I do agree as investor or because of our efforts and hardwork we should gift our self some of good stuff as reward because it is very stressful . Thus, you should earn a ton first before you can buy a house it needs lot of time , hardwork ang patience |
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Ipwich
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January 10, 2017, 07:23:14 AM |
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It's a good plan, buy a house when the price of bitcoin goes high. So when the bitcoins price goes down you don't care about that and your nominal price still same. Like example on 4 days ago, when the price of bitcoin at the top price around $1050+ you use all our coins buy a house and when the price goes down like 3-4 days ago, you still fine, because you already use the bitcoin for buy a house.
One you buy a house, you already made your decision to cash out your bitcoins into fiat, that means your money will not grow anymore. It's actually depend on you plan, if you need a house then go ahead, it's your profit anyway and as an investor we also need to reward ourselves. On the other hand, if buying a house is due to investment, then always consider which one would bring good return in the future, is it investing in bitcoin or your house? Well we could say that we cant buy a house using bitcoin without exchanging it to our own fiat. So we should first exchange it. I do agree as investor or because of our efforts and hardwork we should gift our self some of good stuff as reward because it is very stressful . Thus, you should earn a ton first before you can buy a house it needs lot of time , hardwork ang patience I would also not trust to buy a house using my bitcoin, I have to ensure that everything is done in a legal way because it's not a small amount we are talking here. The dream will come true for me once bitcoin will continue to rise its value and hopefully it could reach to $10,000 in the years to come. I'm constantly saving while the price is increasing, it's a good timing. |
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