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

[Bionicgalaxy]

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.

Your right it is very hard to find a person who is accepting bitcoin for buying a house, if you only convert your bitcoin into a real money so you could buy a house. We still need to wait for bitcoin to be the legal currency.

[andrei56]

When interest rates are this low, you would be stupid not to have a mortgage, imo..

That is what some think, but what are you going to do when that changes? By buying a house you are setting yourself to pay for it for decades, are you sure the same conditions we have now are going to remain for the next decade? Because I’m not, Avoid debt like the plague, getting into debt for so long seems a terrible idea to me, pay the house with cash if you can.

[kpcian]

it totally depends on you...
but if you want to know many people's perception regarding your plan then I suggest you keep your bitcoin for more time. bitcoin will grow up more and more, so it will bring to you a lot of value. so keep your bitcoin in the investment or mining sector...

[Love!]

Buying a house.....with land preferably......can be the best investment one can make. Going from a volatile investment like Bitcoin to a more stable investment like real estate would be a big move up for you.

[xFiber]

Well why not reward yourself for a very good and life changing investment? However you need to make sure you are prepared to potentially miss out on more profits but that's your call.

[Mia Wallace]

Well why not reward yourself for a very good and life changing investment? However you need to make sure you are prepared to potentially miss out on more profits but that's your call.

If you are able to hold bitcoin for a very long time ,then you are supposed to make a lot of money if people start buying bitcoin and with the limited amount of coin in existence it will always rise in the future,but if you have a plan now and have enough coins then you should invest in what you think is important.

[Zenithar]

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.

I think it is depending on the area where you live specially if you want to buy the house directly using bitcoin. if in your area other people are also using bitcoin then there are more chances to use bitcoin for buying a house. but i think  still  there  are very little area where people may  be using bitcoin  for doing such  a big bargain like to buy a house or a car.

[Kasabus]

Well why not reward yourself for a very good and life changing investment? However you need to make sure you are prepared to potentially miss out on more profits but that's your call.

If you are able to hold bitcoin for a very long time ,then you are supposed to make a lot of money if people start buying bitcoin and with the limited amount of coin in existence it will always rise in the future,but if you have a plan now and have enough coins then you should invest in what you think is important.

I will buy a house in the future but I will not gonna sacrifice my investment by using them all to buy a house.
It's good to reward yourself from what you are earning but we also have to consider that bitcoin is a good investment that will be more
valuable in the future to come. Maybe I will spend 10% of my portfolio to buy a house.

[Vixmore]

Well, if bitcoin does go up that much in price, you can surely buy a house. Its all up to you. However, you do have to consider the fact that the seller might not accept or use bitcoin at all.

"should I buy a house": of course, every person needs a house. But I wouldnt let the price and value of bitcoin be the deciding factor. Get a house that best suits your lifestyle and budget. And in the meantime, keep the bitcoins you have as an asset, a commodity and nothing more. But be sensible, as the price of bitcoin might skyrocket even further and suddenly crash. Naturally, you want to sell before that happens.

[choppork]

Well why not reward yourself for a very good and life changing investment? However you need to make sure you are prepared to potentially miss out on more profits but that's your call.

If you are able to hold bitcoin for a very long time ,then you are supposed to make a lot of money if people start buying bitcoin and with the limited amount of coin in existence it will always rise in the future,but if you have a plan now and have enough coins then you should invest in what you think is important.

I will buy a house in the future but I will not gonna sacrifice my investment by using them all to buy a house.
It's good to reward yourself from what you are earning but we also have to consider that bitcoin is a good investment that will be more
valuable in the future to come. Maybe I will spend 10% of my portfolio to buy a house.

Same here. It's just scary to think about spending all of your bitcoins to buy something and then the price went up after a couple of months. Right before bitcoin pumped, it was just 600$ and I thought I would spend all of my bitcoins to buy a decent gaming rig. Oh God, I'm so grateful that I got lazy that day and didn't do any research on what computer parts to buy because otherwise, I shouldn't have made 2000$ just from holding bitcoins. Because of that scenario, I promised myself to never spend a huge part of my bitcoins unless it's really needed.

These material things can wait. It's not like you are really in need of house right now. You're obviously not homeless and you're obviously been living somewhere. Just continue renting the apartment just a little longer. In due time, the price of bitcoin will increase so much that a house will just be a small percentage of your total money. That percentage wouldn't worry you that much in case bitcoin goes to the moon again.

[Emitdama]

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".

well having your own house is the need of the day now because everything is now so much costly and the prices are going on fire now a days  but bitcoin is here so no fear you can buy or invest in bitcoin and it will give you good return so it’s good to have bitcoin now.

[gabmen]

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".

well having your own house is the need of the day now because everything is now so much costly and the prices are going on fire now a days  but bitcoin is here so no fear you can buy or invest in bitcoin and it will give you good return so it’s good to have bitcoin now.

There's really no reason why you can't buy a house if you've manage to come up with enough btcs but just make sure that it's from a legitimate trustworthy dealer and you have the paperworks to back up your purchase. Bitcoin can definitely give you the capability to buy a house and any real estate property would be a very good investment

[Rostadom]

When interest rates are this low, you would be stupid not to have a mortgage, imo..

That is what some think, but what are you going to do when that changes? By buying a house you are setting yourself to pay for it for decades, are you sure the same conditions we have now are going to remain for the next decade? Because I’m not, Avoid debt like the plague, getting into debt for so long seems a terrible idea to me, pay the house with cash if you can.

I also have the same way of thinking. I don't commit to things that would require me to be committed for a long time, in this case, something to pay for for decades. A rent-to-own house which is quite popular is so good to hear. It's good to know that after a few years, you would have your very own house with your name on it. But, in reality, a house have to be rented out for decades if you want something that have an affordable monthly bill. A rent-to-own house that only takes you 5 years to pay will either have a really high equity or really high monthly payment.

You're not sure if things are going to be the same decades or years from now. The location of your house might have a bad market in the future. Although it's unlikely to other places, you still have to proactive about it.

[BCTalkaccountforsale]

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 when bitcoin prices rise, not only can you buy your house you can buy more value depending on how much bitcoin you have, the more bitcoin you will have the more profits and you will so rich.

[HarleyQuinn9876]

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.

You should buy a house, this is a good opportunity for you to make a good home. You can buy a house and pay with your bitcoin

[livinglightning]

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 you should buy a house. Buying a home requires a lot of money, if the bitcoin goes up the price you should sell to buy. The purpose of your investment in bitcoin is to earn a high profit, which is needed to spend on big money

[malikusama]

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 are able to earn this much bitcoins that you can afford a house by selling them then off course it is the best idea to sell them and buy your own house without mortgage.

[aeternus]

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.

It is not a good idea the price of bitcoin will keep going up faster than any real estate so your best  bet is to wait for longer until the day you can buy a house with 10% of your stash that way you do not need to sell that much bitcoin to get your property.

[jc89]

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 have that much bitcoin I would say go buy a house. You could save a lot if you have your own house rather than renting. It is one great investment to have a house that you can say your own. You can sleep at night soundly and not worrying that tomorrow or any other day about your landlord knocking and asking for your monthly rental fee. And if I may suggest, you should also think of putting up a business from your bitcoin profits. It is good to have investment like bitcoin but it is better to have a tangible assets.

[Fatanut]

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.

It is not a good idea the price of bitcoin will keep going up faster than any real estate so your best  bet is to wait for longer until the day you can buy a house with 10% of your stash that way you do not need to sell that much bitcoin to get your property.

I'm starting to become hesitant of the budgeting that I do. I usually spend no more than 5% of my total money and I already consider that as a major spend. Buying a house would mean that I have to spend all of my coins and obviously I'm not going to do that. With my case, bitcoins would have to multiply by 10x before it can become just 10% of my total stash. It's a really really long way to go but looking at other people's life, it also took them a really long time to buy a house so there's nothing wrong with waiting and just keep on renting at the moment.