If Bitcoin goes up very high should i buy a house?

[Pattberry]

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.

The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin.

[Kollor]

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.

Even if buying a house would cost us 100% of our bitcoin, we should not have to think twice about buying a house. Not just that it would give us a good profit in time, but our children and their children would benefit from it as they will inherit the house and so the next generation of yours will also benefit from it.

We just need to  look at the quality of the house, and the location.

[AlexM]

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.

That depends on where in your town you live and want to live and which county you live in etc. I live in a nice part of a relatively poor large city in northern England. Our current house is around 100sq meters with. No garden and worth £200,000. To get to 200sq m in our area with a largish garden for the kids (still walkable to shops, schools and parks) would cost a minimum of £600,000. Add to that you would have to pay 19-29% capital gains tax and then all of a sudden you need a lot of Bitcoins to buy a new house in my neighbourhoods of Europe.

When I can sell half my Bitcoins and move into the house I want to, I will seriously consider it. Until then I HODL. This may take a few more years lol.

[STT]

Seems slightly extreme or dangerous even to switch from one extreme to another and expect it to be a perfect transition.     I think the ideal purchase could include a mortgage as well, so long as you fix the interest rate for over 5 years, 10 would be ideal.
I know is USA they allow this commonly but Europe Im not sure as actually its very generous to know exactly what your possibly biggest bill for the next 10 years will be.   Floating rates can be a nightmare as they spike according to debt problems and we all know national governments have far too much debt.

That's what I'd do anyhow and I presume buying a house saves on rent and its justifiable a nice working investment, practical and worth the trouble.   To just stay all in bitcoin and especially do nothing with it, I dont know thats my ideal.  Maybe use the bitcoin each month to pay the mortgage +repayment and so its gradually switching and you average out your price

[bitcoinisbest]

Yes definitely if you have a good portfolio with all eggs in not one basket and have a diversified  portfolio then certainly you can buy house etc. Its not just restricted to house alone. If you had invested early in btc and have a good qty by now itself you would have bought a house and a good car as well 

[bncbnc]

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.

The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin.

but i think it is not only depending on the price of bitcoin. but there are so many other factors which  enable you to buy a house  wit bitcoin. for example the place value where you want to buy a house and also the area that how much are is holding the hose

[PancherBitCoin]

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.

The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin.

but i think it is not only depending on the price of bitcoin. but there are so many other factors which  enable you to buy a house  wit bitcoin. for example the place value where you want to buy a house and also the area that how much are is holding the hose

It seems to me that you can buy anything for bitcoin, but the main problem is to find a seller who would agree to sell you something for bitcoin or how to convince the owner of a house to sell you for bitcoin. These are the first difficulties, because few people understand what it is crypto currency.

[andrew24p]

Do whatever you want, they are your coins.

[Idrisu]

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.

good idea, bitcoin will increase in value before the end of this year and actually the best thing to do is cash out part of your increased and buy an asset like house is advisable. Mortgage and landlords are issued people try to avoid if one has The means. But didn't cash out more than 50% of your capital as bitcoin values will keep on increasing.

[mastermold]

Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.

[KennyR]

Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.

If bitcoin goes high as well you are in need for a house then go for it. Finding a person who willing to sell house for bitcoin is difficult. If you buy a house with bitcoin then surely you're going to benefit or profit good through it rather than buying with fiat.

[roadbits]

Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.

Yup, it is possible if the seller and buyer are ready to deal with Bitcoin. But with direct bitcoin it will be a problem for the seller, how means today you will pay your house amount though Bitcoin. And tomorrow the price go down means it's a huge loss for the seller. That is why this type of deals will not happening now. But once the price is stable then we can do this type of deals.

[carlfebz2]

Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.

As of now no one would really sell off house and accepting bitcoin as a payment because most sellers would surely hesitate because of the involve risk on accepting it and you are right we can always convert our bitcoin to local fiat for us to be able to buy houses without the need on spending directly our bitcoin.

[bitbunnny]

Maybe you have enough Bitcoins to buy a house but the real problem would be where will you find someone who would wish to sell you a house for Bitcoins. People are still reluctant to accept Bitcoins for the goods because of the volatility of price and they feel insecure. And so far I haven't seen any real estate agency who would offer their services for Bitcoins.

[DoublerHunter]

Maybe you have enough Bitcoins to buy a house but the real problem would be where will you find someone who would wish to sell you a house for Bitcoins. People are still reluctant to accept Bitcoins for the goods because of the volatility of price and they feel insecure. And so far I haven't seen any real estate agency who would offer their services for Bitcoins.

There is no problem when finding a person who want to sell their house in bitcoins because it is very easy to convince a seller to pay their property with bitcoin. Just tell them that bitcoin can easily be exchange in money and bitcoin is not that very volatile that like changing an average price of $500. Just go and explain to the seller that if you pay in bitcoin it is already an investment that can give profit for them in the mean time and can easily be cash out.

[fathur.aza]

I became so if the price is high bitcoin buy homes to live with my family.
may result from this bitcoin I would investment after buying a house.

thanks bitcoin.

[Xester]

I became so if the price is high bitcoin buy homes to live with my family.
may result from this bitcoin I would investment after buying a house.

thanks bitcoin.

That is the dream that I have for years. I have thought that by saving some bitcoins I could finally construct a house on my own for my family. But the problem lies not on the value of bitcoin but rather my savings was spent due to important necessities and right now I am not sure that if the price of bitcoin reaches sky high I can construct my house.

[Gheka]

It depends on you, but I think you can use the money to generate money. Buying a home does not increase your fortune, you should think about investing or trading something with Bitcoin in the future. Buying a home just takes time, I want you to know that you need strong finances in the future to maintain the life of the house. Buying a home can cause you financial problems, Bitcoin prices will rise in the future, you should keep it and seek the right investment. In the next few years you will probably get your dream home from the profits of the bitcoin investment

[asriloni]

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.

I think if he was having a lot of the bitcoin and if the price of bitcoin will go to the moon and he can be bought a lot of the houses. And you're not understand the purpose.

[DoublerHunter]

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.

I think if he was having a lot of the bitcoin and if the price of bitcoin will go to the moon and he can be bought a lot of the houses. And you're not understand the purpose.

Yes the price of bitcoin will always related to the capability if you can buy or not. If you have a lot of bitcoins then buying a house with bitcoin is very easy and if the price go to the moon then it is very clear that you can afford more houses or any property that you want to buy. The main concern here is about bitcoin and not fiat in buying houses so it is always related.