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

[lahm-44]

why not . i mean if you always keep investing and investing everytime and growing and growing your money?what dovu expect someone will handle that money after you are dead or something like that. suppose a begger begs a whole day and got 5$ then he needs to buy food so thats also here you should have some aim where you will spend your money so you will know the limit where to stop otherwise prepatre your grave. by the way i dont think bitcoin price will go high atleast upto 2months but i saw a lot of preditions here that bitcoin price will go high so i am also saving money

[wadii33]

i think it is in best opinion you invest in gold so if bitcoin goes down again you gain tade the gold with bitcoin again and so that keep trading and making profits  so you cold buy houses and cars

[Jimbola3]

i think it is in best opinion you invest in gold so if bitcoin goes down again you gain tade the gold with bitcoin again and so that keep trading and making profits  so you cold buy houses and cars

There is no inverse correlation between the price of bitcoin and gold. It is better just to keep the bitcoins.

[HarizDB]

Why not? Youd have the funds to do so, and you could generate more, wich would acomendate to more wealth to you. Just go fore it, if you ever get into duch a situation.

[Erkallys]

Buying somewhere to live is the best thing you can ever buy. Just don't buy an overpriced house, or a flat in a big city that would be surely sold at an unfair price. This may depend from where you live but if you live in Western World, houses are most of time really really expensive, so it would be smarter to build it. Imagine, the newspaper could say : "Bitcoin build houses. Nothing can stop the rise !" ! Also, consider that if you're young, you should invest it and then use the income flow to buy or build it. This would be what I would do.

[simplelife888]

if you dont have a house you can buy if it will be happy to you
but if you want to earn money you can try to rent this house and you can invest what you get money to other things .

[TheButterZone]

Buying somewhere to live is the best thing you can ever buy. Just don't buy an overpriced house, or a flat in a big city that would be surely sold at an unfair price. This may depend from where you live but if you live in Western World, houses are most of time really really expensive, so it would be smarter to build it. Imagine, the newspaper could say : "Bitcoin build houses. Nothing can stop the rise !" ! Also, consider that if you're young, you should invest it and then use the income flow to buy or build it. This would be what I would do.

Unfortunately, totalitarian governments multiply the cost of home building by requiring nonsensical permits, taxing the fuck out of it.

[spring144]

if i get what i dream quantity of bitcoin price i can buy everything even a house too

[TTMNewsMJ]

It's a good option to buy a house.
Go for it.

[Supercrypt]

It really depends on the amount of bitcoin you are holding and how much you would hope bitcoin to go up to.

Would you be willing to share any of this information.



I personally hold 1 BTC, i never expect to buy a house from this let alone a decent car, does anyone think differently ??

You can also buy a house with your bitcoin holdings but you need to wait a little bit more time. Because one bitcoin will be worth some millions in next decade, at that time one bitcoin holders will become millionaires.

[HeroCat]

The problem can be that BTC will not go very high in next years due to BTC mining worldwide  Better invest your BTC in BTC mining, and then you can double, triple etc your BTC and then buy the house. 

[mtnsaa]

I can't think of a better investment, land and properties are the only things left that will always maintain value no matter what, location is the most important point of course. You would need to do your research first and find a good deal but you could even rent it and make money off it if you won't be living in it. An investment goal like that is what most of us should have in mind. It's fine if others may want to do a trip, buy a car or smaller things like that, but buying property or land is the only way for me to really establish yourself for the future.

[Jimbola3]

The problem can be that BTC will not go very high in next years due to BTC mining worldwide  Better invest your BTC in BTC mining, and then you can double, triple etc your BTC and then buy the house. 

The mining difficulty rises too fast. There are too many new miners coming to the market. It is not profitable in high electricity cost country.

[newcoins1978]

The problem can be that BTC will not go very high in next years due to BTC mining worldwide  Better invest your BTC in BTC mining, and then you can double, triple etc your BTC and then buy the house. 

The mining difficulty rises too fast. There are too many new miners coming to the market. It is not profitable in high electricity cost country.

This is true, it's getting harder and harder to mine
It will come to a certain point where you're going to spend more then that you will be making

[bitlancr]

I would say yes of course. If I could buy a house with the amount of bitcoins I own right now, I would exchange in a heartbeat. I wouldn't think about it too much.

[Jimbola3]

I would say yes of course. If I could buy a house with the amount of bitcoins I own right now, I would exchange in a heartbeat. I wouldn't think about it too much.

If the price of bitcoin rise 2 folds in a year, he can spend half of his coins and buy a house. It is a difficult decision, depending on the price of bitcoin.

[ridery99]

1 btc = 1 house soon  (believe)

[hawkins]

of course, what the point of having bitcoin that many but not buy anything that price, you also have to think about your future, it could be a great asset for the future 

[jakelyson]

Buying somewhere to live is the best thing you can ever buy. Just don't buy an overpriced house, or a flat in a big city that would be surely sold at an unfair price. This may depend from where you live but if you live in Western World, houses are most of time really really expensive, so it would be smarter to build it. Imagine, the newspaper could say : "Bitcoin build houses. Nothing can stop the rise !" ! Also, consider that if you're young, you should invest it and then use the income flow to buy or build it. This would be what I would do.

Unfortunately, totalitarian governments multiply the cost of home building by requiring nonsensical permits, taxing the fuck out of it.

So true. A house does not earn you anything, and yet the government taxes them. Don't they have enough money yet? This is why I consider a house as a liability not an asset. It drains the owner money thru maintenance and taxes.

[SolarSilver]

So true. A house does not earn you anything, and yet the government taxes them. Don't they have enough money yet? This is why I consider a house as a liability not an asset. It drains the owner money thru maintenance and taxes.

And a house (unlike other investments like Bitcoin, stocks or even cash) is not easy to move to another country when the rules change. If you are in a tax crazy country where wealth confiscation is the norm then a bricks & mortar house is not easy to move to another more tax friendly area. If housing demand dries up (like in the areas hard hit by the oil crisis), prices drop dramatically and if you are not on of the first ones to liquidate your house, then you are going to be stuck for a long time with an under water liability.