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Leprikon
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February 22, 2017, 06:51:28 PM |
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Yes,its possible to buy a house but not on bitcoin since there are no sellers that do accept bitcoin as a payment on buying a house and with that we would really need to convert our bitcoin to local fiat so that we could able to buy a house since adoption of bitcoin is not that high.
It is quite possible that soon the situation will change and it will be possible to make such purchases without the need for conversion into national currency cryptocurrency |
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Hutalar
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February 23, 2017, 01:37:03 PM
Last edit: May 04, 2017, 10:40:58 AM by Hutalar |
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Yes,its possible to buy a house but not on bitcoin since there are no sellers that do accept bitcoin as a payment on buying a house and with that we would really need to convert our bitcoin to local fiat so that we could able to buy a house since adoption of bitcoin is not that high.
It is better to buy a house to live in but with bitcoin it maybe not possible like you said and I am adding the reason that as it is not a government legalized currency so we will not be able to write the price in bitcoin in the court papers. So we will first need to convert that bitcoin in fiat to buy a house. |
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bravehearth0319
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March 25, 2017, 12:58:17 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.
In our time now, bitcoin so far is not yet accept as payment in real estate even in the other country. But it could be possible maybe in the future. In some other situation if the broker in the real estate, or even lot agent are bitcoin enthusiast I think they can make a transaction via bitcoin depending on how are they're gonna do it. |
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stergium
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March 25, 2017, 05:54:20 PM |
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Yes,its possible to buy a house but not on bitcoin since there are no sellers that do accept bitcoin as a payment on buying a house and with that we would really need to convert our bitcoin to local fiat so that we could able to buy a house since adoption of bitcoin is not that high.
but i think there must be some places where people may be using bitcoins for buying or selling a house. in fact bitcoin is now becoming more and more popular and most of the people now know about the importance of bitcoin. |
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suredoood
Member
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Activity: 66
Merit: 10
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March 25, 2017, 06:05:59 PM |
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I don't think buying a house would be a good idea. Not to mention, you have 100% of your net worth in bitcoin?!?! Why would you do that?! (at least the way you said it sounded like that, if I'm mistaken then I'm sorry)
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doaremon
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March 25, 2017, 06:21:04 PM |
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I think it was a joke. You can buy anything with bitcoin now as well. Just convert it to fiat and you are done. It's the amount of money that matters to the owner. And leave it to him if he wants to convert to bitcoin again or not. And if you want to do the exchange in bitcoin that might not be possible right now. Cause it is not that popular in general.
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mindrust
Legendary
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Activity: 3472
Merit: 2547
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March 25, 2017, 06:23:32 PM |
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That's my number 1 expectation from my bitcoin investments. If you profit enough to buy a house, don't wait any longer. Dump your coins and get your dream house. I would certainly do so that if i made that much profit out of my investments. But for now; I will hold my bitcoins till they grow enough to make my dream real.
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dearbesz1219
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March 29, 2017, 10:02:43 AM |
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You should do , cause owning a house is my dream ,
I want to start a family with a house to have more time in bitcoin.
Bitcoin is now a part of my daily life.
Actually, where in the same page mate. I've been dreaming too, to have a brand new house and lot by bitcoin I do believe that I could have that. Because my belief was a years from now bitcoin will really become 10,000$ soon. but for now I doing everything to make profit in bitcoin everyday via bitcoin trading and signature campaign anyhow. |
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RedX
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March 30, 2017, 12:16:17 AM |
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If that happens why are you buying just a house? You could also buy a car, yatch or jewelries as long as you have many bitcoins when its price is over $10,000. But again you need to be patient because I know that it will be soon before it happens.
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GreenBits
Legendary
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Activity: 1148
Merit: 1048
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March 30, 2017, 12:28:50 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.
In our time now, bitcoin so far is not yet accept as payment in real estate even in the other country. But it could be possible maybe in the future. In some other situation if the broker in the real estate, or even lot agent are bitcoin enthusiast I think they can make a transaction via bitcoin depending on how are they're gonna do it. You can do this, pretty easy. Just use a lawyer, or sell the bitcoin. Thus also isn't a bad idea, if you get the house at a decent rate. You peg your value to.it's highest, into an asset that is fairly liquidable (provided you got it cheap enough). I'd honestly rather have a prepaid, rent free housing solution, that I can later sell, rather than bitcoin. You can't live in a wallet. But, you will be paying property tax. |
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batang_bitcoin
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March 30, 2017, 12:30:45 AM |
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I don't think buying a house would be a good idea. Not to mention, you have 100% of your net worth in bitcoin?!?! Why would you do that?! (at least the way you said it sounded like that, if I'm mistaken then I'm sorry)
Why do you think isn't a good idea? It is everyone's dream to have their very own house. That's why for me whether the price of bitcoin is going to increase or not, I want to fulfill my dream of having my own home. It's either for me to live there or I am going to use it for business purpose like renting it for monthly profit. |
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chineseprancing
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March 30, 2017, 12:42:20 AM |
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I don't think buying a house would be a good idea. Not to mention, you have 100% of your net worth in bitcoin?!?! Why would you do that?! (at least the way you said it sounded like that, if I'm mistaken then I'm sorry)
Buying a house from bitcoin profit is not a bad idea, if you earn huge amount and can afford to buy or build a house why not right. There is a possibility that we can afford all we want here in bitcoin just continue to believed in bitcoin do not let put negative thought in your mind for bitcoin always think positive you life would be better than before. |
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CODE200
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April 01, 2017, 12:55:34 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.
Yes i could probably buy my own house when bitcoin price started to reach a really higher price. Buying a house is not really a bad idea, you can buy the things that you ever wanted too. But for me i am starting to buy my own house first because it is the most important thing for me to buy first when bitcoin price gets really high. You just only need is to save and spending it wisely. |
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pinkpanther03
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April 02, 2017, 02:50:25 PM |
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If you have 20 bitcoin and now suddenly it rise . Sure you can build a house here since the 20 bitcoin us 600k php .That is a big money enough to build your home. So much better you do now is to earn bitcoin to have a good profit and you can get a millioner if you have a lot of bitcoin. And you can build or buy a house for your family.
But that would depend if there are real estate company who accept bitcoin as one of their transaction payment. But definitely, so far none of them are not aware of bitcoin. Unless if there is a bitcoin fanatic in real estate company He/She can make a deal if the buyer are also a bitcoin users. In that way, they can make a transaction payment via bitcoin before it proceed directly to the company of real estate. |
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kynaz
Sr. Member
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Activity: 1078
Merit: 250
http://unidapp.app
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April 02, 2017, 03:01:03 PM |
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i think the bitcoin's price doesn't related to buying a house, If you want to buy a house , just look at your own financial , you have enough to buy that house ? You really need that house ? Then turn the bitcoin into your currency then buy your own house.
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webtricks
Legendary
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Activity: 1918
Merit: 1759
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April 02, 2017, 03:19:06 PM |
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If that happens why are you buying just a house? You could also buy a car, yatch or jewelries as long as you have many bitcoins when its price is over $10,000. But again you need to be patient because I know that it will be soon before it happens.
If Bitcoin rose to such heights, I would never consider buying house, rather I would hold it. If Bitcoin could grow buying me house, why doesn't it grow further? I am damn sure, its rise would be more than growth rate of real estate. Well, everything is just estimation, no one knows how Bitcoin gonna flip, nor even tomorrow. |
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aesma
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April 02, 2017, 05:06:05 PM |
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Personally even if BTC goes to 10 000$ I don't have enough of them to buy a house. I want to buy a house this year, and it will cost about 270BTC at current value. If BTC was 10 000$ it would only be about 30BTC, but I don't hold 30BTC. I could buy 30BTC right now, but I think it will take years for BTC to go to 10K, if it ever happens, and I want the house right now.
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
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SoeNan89
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April 02, 2017, 05:25:54 PM |
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If that happens why are you buying just a house? You could also buy a car, yatch or jewelries as long as you have many bitcoins when its price is over $10,000. But again you need to be patient because I know that it will be soon before it happens.
If Bitcoin rose to such heights, I would never consider buying house, rather I would hold it. If Bitcoin could grow buying me house, why doesn't it grow further? I am damn sure, its rise would be more than growth rate of real estate. Well, everything is just estimation, no one knows how Bitcoin gonna flip, nor even tomorrow. Yes the price Bitcoin can't predict by someone, But if the price will go up very increasing, I want to sell my Bitcoin to buy a car, a house etc, I want to take for fun with my family. Maybe it's amazing.  |
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dothebeats
Legendary
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Activity: 3808
Merit: 1355
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April 02, 2017, 05:57:53 PM |
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Of course, since it's already an investment that would just continue gaining interest over time unlike any other penny stocks out there. Aside from that, not only it would gain interest, but believe me, in a span of 5 years it will be huge due to the continuous demand for living space and the fact that land is not an infinite resource.
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pixie85
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April 02, 2017, 06:12:34 PM |
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Personally even if BTC goes to 10 000$ I don't have enough of them to buy a house. I want to buy a house this year, and it will cost about 270BTC at current value. If BTC was 10 000$ it would only be about 30BTC, but I don't hold 30BTC. I could buy 30BTC right now, but I think it will take years for BTC to go to 10K, if it ever happens, and I want the house right now.
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
Wow, you want to buy a house worth $300k? That's a big house, and a lot of money. If I were to buy a house it wouldn't even cost half of what you're paying. Houses in Europe are much cheaper, you can have a decent, spacious one, for just $100k. If you want to buy a good car don't choose a porsche, they are bad at turns and it's easy to lose control at high speeds. It's not very comfortable, expensive and bad to race with. Not worth the price. |
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