Wandering Soul~
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Wolf
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January 23, 2017, 03:57:34 PM |
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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. I think even if Bitcoin was in the $ 2000 range, it probably would not be the right time to cash out that much money and buy a house with it. But everything will depend on the needs of the individual. If the person in fact needs a new place to live, and if that is a priority, then it may be the right thing to do. In my place that amount is not enough to buy a house but if a person will have more than 10 bitcoins and the price reach to %2000 then he will be able to buy a house with that money and that will be not in a good condition but will give him a place to live. So let's say that buying a house through bitcoin is one of your wants and currently the price is $2000 even though you have a lots of bitcoin I don't think its worth buying a house in that price . You should wait till bitcoin reaches $10 000 - $30 000 which will take a long time to become reality . I don't know how it is in OP's country but in here house and lots are really expensive if you want a decent one and most average people can't afford it . Even our house is not fully paid yet and we jusut pay it every month . It will be different if you really needs it and you already have the right amount of money to buy one  |
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"You Asked For Change, We Gave You Coins" -- casascius
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btcdiggingmaster
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January 23, 2017, 04:25:28 PM |
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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. I think even if Bitcoin was in the $ 2000 range, it probably would not be the right time to cash out that much money and buy a house with it. But everything will depend on the needs of the individual. If the person in fact needs a new place to live, and if that is a priority, then it may be the right thing to do. In my place that amount is not enough to buy a house but if a person will have more than 10 bitcoins and the price reach to %2000 then he will be able to buy a house with that money and that will be not in a good condition but will give him a place to live. Your idea is good to buy a house with bitcoin but till now government has not issued any legal forms for buying a house through bitcoin. Even the value of bitcoin is keep changing up and downs. So i don't think the person who wants to sell his property will not accept bitcoin may be due to fluctuation. |
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Hydrogen
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Activity: 2562
Merit: 1441
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January 23, 2017, 08:44:08 PM |
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You can buy cars with bitcoin. Sell the cars to convert to fiat. Buy a house. It would be cheaper to buy land and build your own house, though.  |
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diegz
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January 24, 2017, 01:29:27 AM |
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You can buy cars with bitcoin. Sell the cars to convert to fiat. Buy a house. If bitcoin goes up very high, you should buy a house, but no need to buy a car first out of your bitcoin and sell it again for fiat then buy a house. Actually if someone is selling a car for bitcoin (probably second hand) the price is not that high and probably the resell value is lesser compared to how much you bought it, so you'll fall short if you do that before buying a house. It would be cheaper to buy land and build your own house, though.
Nope, not true, actually building your own house will cost you more. building material prices keeps on increasing. But technically, that's practical to build your own house, because you could build stronger house if it is under your supervision and the design is what you want too. |
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emezh10
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January 24, 2017, 01:36:18 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.
For me hell yes! Because we earn bitcoin for ourselves so you should spend it with valuable things just like what you said a house. It is a good investment because you can buy house just by earning bitcoin. So I am 100% agree that you should buy a house now or later. For you it is a very good to opportunity to buy a house because you have literally a lot of bitcoins. I hope the for you mate! Goodluck for your new house. |
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pinkpanther03
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January 24, 2017, 02:31:45 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.
If you save a big amount of bitcoins in your wallets address where you store it, that is very much possible if the real estate is accepting the concepts of bitcoin, why not. Though, all community are dreaming to have their own house someday, to get rid with renting due to landlords, and lack of control. |
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Xester
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January 24, 2017, 05:07:12 AM |
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You can buy cars with bitcoin. Sell the cars to convert to fiat. Buy a house. It would be cheaper to buy land and build your own house, though. Why do you need to purchase cars with bitcoin if you can buy a house and lot using it. Or if there arent anybody selling their house in exchange for bitcoin then just convert your bitcoins to fiat and buy a house and lot. If you have sufficient amount of bitcoins when you convert it to fiat you will surely have the money to buy it and a lot more. |
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Bitcoin0916
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January 24, 2017, 06:20:30 AM |
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You can buy cars with bitcoin. Sell the cars to convert to fiat. Buy a house. It would be cheaper to buy land and build your own house, though. Of course, I prefer to buy land and build a house. To build their own home, I know exactly the model I wanted, the house so much of a problem because the quality is not known. If the price reaches $ 100,000 bitcoin I would buy 2 hectares of land for I build a house. |
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Ewinsane
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January 24, 2017, 11:02:25 AM |
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Houses could also rise in value, and you can resell it for a profit as well. but the problem is whether the person who sold his house to be aware and know about Bitcoins? But I think it was a pretty good idea
Yes I agree, buy house's is a good decision. But I think he do not need to resell it. Only rent the house could be good passive income. It will be good investment for him. Just buy as much as he can. i agree with you that buy a house with bitcoin is very good decision and i prefer that buy a house with bitcoin and then this house give to other person as a rent and you get your rent every month it would be your passive income and you are right it will be safe and good investment. |
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lienfaye
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January 24, 2017, 12:02:36 PM |
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You can buy cars with bitcoin. Sell the cars to convert to fiat. Buy a house. It would be cheaper to buy land and build your own house, though. Well its a good idea to buy a land first then build the house the advantage is, just like what you said its more cheaper and you can have a home that you personally build by own design. its nice to have many btc so you can buy whatever you want i hope i can posses that soon too. |
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jaysabi
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★777Coin.com★ Fun BTC Casino!
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January 24, 2017, 12:21:59 PM |
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Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously.
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ethereumhunter
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January 24, 2017, 01:32:55 PM |
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if the bitcoin goes up very high, i am sure that many people will buy whatever they want and not just for buy a house because we can be a rich person in our city and for buying product or something, we can do with easily. but i think its a good idea to buy house or land with our money so we have private house or private land and we can make private party |
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Hatuferu
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https://trueflip.io/
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January 24, 2017, 01:43:17 PM |
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if the bitcoin goes up very high, i am sure that many people will buy whatever they want and not just for buy a house because we can be a rich person in our city and for buying product or something, we can do with easily. but i think its a good idea to buy house or land with our money so we have private house or private land and we can make private party Only if they could also benefit on the price increase, only few are investors and I am one of them. I believe if I will just hold more, I will get the righ value that I am hoping and definitely I am gonna enjoy my income. |
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AjithBtc
Sr. Member
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Activity: 1666
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Vave.com - Crypto Casino
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January 24, 2017, 03:05:05 PM |
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Bitcoin price will goes up, but in reality a single coin won't high or equal in level to buy a luxurious house. So you can buy with bitcoin but with single bitcoin the possibility is low.
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DrGuns4Hands
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January 24, 2017, 03:21:28 PM |
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yes you should buy a house infact that its a good investment because our population is slightly increasing every year thats why you could sell it if you want with a triple prcice and buy another house. well it depends on your country. because im living in a third world country that's why im saying to you that having a house is a great investment of all . because right now im still saving up money in order to buy a house .
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Bitcotalk
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January 24, 2017, 03:41:16 PM |
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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. I think even if Bitcoin was in the $ 2000 range, it probably would not be the right time to cash out that much money and buy a house with it. But everything will depend on the needs of the individual. If the person in fact needs a new place to live, and if that is a priority, then it may be the right thing to do. In my place that amount is not enough to buy a house but if a person will have more than 10 bitcoins and the price reach to $2000 then he will be able to buy a house with that money and that will be not in a good condition but will give him a place to live. So let's say that buying a house through bitcoin is one of your wants and currently the price is $2000 even though you have a lots of bitcoin I don't think its worth buying a house in that price . You should wait till bitcoin reaches $10 000 - $30 000 which will take a long time to become reality . I don't know how it is in OP's country but in here house and lots are really expensive if you want a decent one and most average people can't afford it . Even our house is not fully paid yet and we jusut pay it every month . It will be different if you really needs it and you already have the right amount of money to buy one I am talking about my place. In my place that amount is enough for buying a house in a rural area> If someone is in intense need the he can easily by a house with that amount but if someone want to buy a house in an urban area then he will need to get more than 50 BTC each of worth of about $2000. |
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Malsetid
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January 24, 2017, 06:10:46 PM |
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yes you should buy a house infact that its a good investment because our population is slightly increasing every year thats why you could sell it if you want with a triple prcice and buy another house. well it depends on your country. because im living in a third world country that's why im saying to you that having a house is a great investment of all . because right now im still saving up money in order to buy a house .
You're right. Real estate is a very good investment that mist of the time goes up in value over time. If btc goes up enough, i would definitely make housing a priority. Hopefully we can get to that point though where bitcoin would be that high. For now, i think we could just all hope for tbat time to come while holding our bitcoins. |
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pixie85
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January 25, 2017, 05:41:20 AM |
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It is a good investment if the house has a good location and is in a good shape. If you buy something you'll need to put a load of cash to maintain it's not worth it.
On the other hand old houses sometimes are beautiful and worth more because of rare architecture.
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Pettuh4
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January 25, 2017, 12:31:12 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.
Well it's a good thing to buy a house after such pumps but I would rather suggest you to cash out after it soars higher and wait for it to stabilize after it begins to depreciates and then invest a little into buying the same amount of Bitcoins you had previously and then buy the house with your profits. |
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gabmen
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January 25, 2017, 02:25:02 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.
Well it's a good thing to buy a house after such pumps but I would rather suggest you to cash out after it soars higher and wait for it to stabilize after it begins to depreciates and then invest a little into buying the same amount of Bitcoins you had previously and then buy the house with your profits. Well it would depend now if by that time you can find someone or an owner who is willing to sell their property through btc. I believe it is very possible to have enough btc to actually purchase a house but there are not much that i know of, like real estate owners who actually accepts btc |
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