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Kronos21
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July 07, 2017, 01:03:38 PM |
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I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  You are make me dreaming friend ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it ! If bitcoin will be worth the money in the world is not enough houses. Imagine if each of several million owners of bitcoin will begin to buy their own home. Or home runs or the house will cost $ 50 million. |
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Georgos
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Activity: 37
Merit: 0
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July 07, 2017, 01:10:35 PM |
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I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly. You are make me dreaming friend ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it ! If bitcoin will be worth the money in the world is not enough houses. Imagine if each of several million owners of bitcoin will begin to buy their own home. Or home runs or the house will cost $ 50 million. You think so  ? Where I live this is more the inverse, there is more houses than buyers, so many stay empty for ages. I know that in the United States there is the same phenomenon. |
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lordquanta
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July 07, 2017, 01:24:07 PM |
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Looks like bitcoin is almost their to buy a house with some bitcoins.
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oegarod
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July 07, 2017, 01:35:43 PM |
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Looks like bitcoin is almost their to buy a house with some bitcoins.
Right now itself it has got a good value and now we cannot buy a house with a single bitcoin. In future this scenario might change as more Countries have started to use bitcoin similar to the traditional currency that's used around the country supporting the growth in terms of pricing as well usage. |
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Eternu
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July 07, 2017, 01:41:17 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.
I think that is really good idea. I mean, you would be spending your saving on something that is really important. Buying a house is not small thing, and it needs a lot of founds. If you have enough bitcoins to buy a house, and you need house, i do not see why you would not buy it. That would be best thing someone bought with bitcoins that i know of so far. Good luck, and do not think too much about it, it is a good idea.  |
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Gheka
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July 07, 2017, 02:42:20 PM |
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yes of course that's the best decision you will make if ever it will happen in the future and House is the best investment after all because even though your too old to work you have a real achievement for sure that you will say you "OWN".
Of course it will be a lucrative investment also because real estate has a price that continues to rise in the future but the problem right now, is it anyone who is ready to receive their home payment with bitcoin? Would be a bit risky when seeing fluctuations If now or in the future they still do not accept payment with bitcoin, we can still convert bitcoin into cash and pay for them, this is not a problem. Buying a house with bitcoin is really a good idea because because anyone also want to own a house of their own, it is the dream of so many families, so the price of a home is rising every year, this is also a long-term investment and not have too much risk. Investing in bitcoin is good but quite risky, so I think if the price of bitcoin goes up high, I'll sell it and buy a house, I do not want to risk, I need something stable |
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keeee
Sr. Member
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Activity: 574
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" Coindragon.com 30% Cash Back "
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July 07, 2017, 04:28:49 PM |
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I think the best thing to do when bitcoin goes up very high is to invest for a business so that money will still flow in your hands. And if your business is now stable you can now buy what you, want like a if you want a house. We must think wisely before using our money, we must use it in the best way we can do.
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wahb
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July 07, 2017, 11:31:49 PM |
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Looks like bitcoin is almost their to buy a house with some bitcoins.
Right now itself it has got a good value and now we cannot buy a house with a single bitcoin. In future this scenario might change as more Countries have started to use bitcoin similar to the traditional currency that's used around the country supporting the growth in terms of pricing as well usage. although in different places the values of houses and lands are different, may be in your area values of houses and lands are too much cheep. in my area I think it is not possible to buy a single room from the price of one bitcoin. |
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freedomno1
Legendary
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Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
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July 08, 2017, 09:33:39 PM |
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yes of course that's the best decision you will make if ever it will happen in the future and House is the best investment after all because even though your too old to work you have a real achievement for sure that you will say you "OWN".
That is the most commonly held view but it is a lie, the greatest asset is yourself the money making machine and that is why you need to insure yourself first to pay the bills since you are the machine that pays all the other bills ^^. Even if the cash flow stops coming in for any reason. |
Believing in Bitcoins and it's ability to change the world
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BCTalkaccountforsale
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July 09, 2017, 04:36:57 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.
As the bitcoin price increases and you have a lot of bitcoin, I think you can buy something bigger than just a house. It all depends on what you want to buy but do not depend on money or anything else when the bitcoin price increases you will definitely get rich. |
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babsalt1975
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July 09, 2017, 04:44:13 AM |
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yes of course that's the best decision you will make if ever it will happen in the future and House is the best investment after all because even though your too old to work you have a real achievement for sure that you will say you "OWN".
That is the most commonly held view but it is a lie, the greatest asset is yourself the money making machine and that is why you need to insure yourself first to pay the bills since you are the machine that pays all the other bills ^^. Even if the cash flow stops coming in for any reason. To me buying a house is the best insurance ever. When you buy a house, it is your property and it is tangible. No one is holding funds and in case of anything, you can always dispose it and have cash. Houses will not depreciate in value therefore you will be able to get value back when you sell it after some years. When you purchase an insurance cover, you are giving someone money to trade with and expect that this person will compensate you in case of anything happening. Insurance premiums have validity and you will have to renew every year. What about if you pay for 10 years and there is no claim from your side?. You should start with a house first before you think of insurance. |
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Kasabus
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July 09, 2017, 05:26:02 AM |
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yes of course that's the best decision you will make if ever it will happen in the future and House is the best investment after all because even though your too old to work you have a real achievement for sure that you will say you "OWN".
That is the most commonly held view but it is a lie, the greatest asset is yourself the money making machine and that is why you need to insure yourself first to pay the bills since you are the machine that pays all the other bills ^^. Even if the cash flow stops coming in for any reason. To me buying a house is the best insurance ever. When you buy a house, it is your property and it is tangible. No one is holding funds and in case of anything, you can always dispose it and have cash. Houses will not depreciate in value therefore you will be able to get value back when you sell it after some years. When you purchase an insurance cover, you are giving someone money to trade with and expect that this person will compensate you in case of anything happening. Insurance premiums have validity and you will have to renew every year. What about if you pay for 10 years and there is no claim from your side?. You should start with a house first before you think of insurance. We do have different understanding, house is not an investment for me unless I bought it for the purpose of money generating business like renting it. The reality is when you have a bigger house you will have to allocate a bigger money to maintain it, you need to pay all the bills, the electricity, water, repairs and maintenance and including the insurance. If I have made a big profit in bitcoin I will just buy a simple house and still rule in different investment the money I make from bitcoin. |
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skorupi17
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July 09, 2017, 05:45:42 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.
Well if you need to buy a house, then do so. It would be nice to have a house because of holding Bitcoins. Maybe someone will write an article about you and your house. However, if you are going to buy a house, it should be around 50% only of your stash. 80% is big and surely there will be some expenses along the way. So it is safe at the 50%, that way you will have more Bitcoin to spare in case something comes up. |
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coinman180
Newbie
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Activity: 23
Merit: 0
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July 09, 2017, 07:37:50 AM |
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When interest rates are this low, you would be stupid not to have a mortgage, imo..
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LeoEspansq
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July 09, 2017, 07:43:29 AM |
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Everyone must decide how to spend his bitcoin when he rises very high. Buying a home is a good idea, but you can also consider setting up your own business.
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Anfisman
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July 09, 2017, 07:56:27 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.
Of course you can buy a house, but if bitcoin will get to the highest price do not directly exchange 80-90% bitcoin you have, do not get a higher price, so I think you can make a gradual exchange. I totally agree with your idea, if you buy a house there will be a convenient place for you to look for more bitcoin, and that sounds really good. Hope you can do it as soon as possible. |
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darkangel
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July 09, 2017, 08:04:10 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.
That's a good question! I'm waiting for that to happen. I own a house to live, that is my long-standing dream. If the bitcoin increases at high prices and I make big money enough to buy a house then I will buy it immediately. Feeling at home is very comfortable. Do you think so? |
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OrangeII
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July 09, 2017, 08:38:09 AM |
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If i have a lot of bitcoin, i will make sure that i will have home. It might be proud if I have a private home at my age right now, because most people I see, they always use the money they have for fun.
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stephanirain
Sr. Member
Offline
Activity: 756
Merit: 257
Freshdice.com
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July 09, 2017, 11:53:35 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.
Yes you could buy your own house but the problem is do they accept bitcoin as a transaction payment ? Because bitcoin is still not legal currency or not accepted by the government, so you can only buy a house if you convert bitcoin into a cash. |
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Golftech
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July 09, 2017, 12:07:19 PM |
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If i have a lot of bitcoin, i will make sure that i will have home. It might be proud if I have a private home at my age right now, because most people I see, they always use the money they have for fun.
Thats good thing to think of mate as mention most people always wasting their money with nothing me as well if getting a chance ill be going to invest it with something that will benefits my future. Im always looking for opportunities thats why i took this investment hopefully for another year or two ill be able to buy a house and own a small business here in my country. |
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