Pubg_man205
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July 12, 2017, 11:05:04 AM |
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If bitcoin soars very highly everyone who has it can be able to buy everything he wants and even a house. I think now there are already enough sellers who are ready for a deal with bitcoin.
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qwertyup23
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July 12, 2017, 11:06:16 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.
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. Just go for it! Buy anything that you think that will benefit you till the future. Well, that is why that is one of the reasons on why bitcoin exist, for one to completely take advantage of its monetary value for their benefit. Like what he said, if you have enough bitcoin to provide you a simple mortgage plan then no one's stopping you. But do remember that as time passes by, the prices of bitcoin will increase. I assume that by the end of this year, it may reach up to ~$4000. |
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joshua05
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July 12, 2017, 01:37:48 PM |
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yes you should buy a house , thats the best plan for you bitcoins , and thats my goal too , the first time i joined this forum , i wanted to earn bitcoins just to buy cellphone and other stuffs and now i realize how hard you should work just to earn a single bitcoin , and now im planning to save more bitcoins to buy a house
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agentx44
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July 12, 2017, 03:14:32 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 you could buy a house if you have an enough money to buy your own house. And you should find a person that who is selling a house and do accepts bitcoin as payment but if they don't you can convert your bitcoin into cash so you can buy a house that you want. |
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batang_bitcoin
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July 13, 2017, 01:47:00 AM |
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yes you should buy a house , thats the best plan for you bitcoins , and thats my goal too , the first time i joined this forum , i wanted to earn bitcoins just to buy cellphone and other stuffs and now i realize how hard you should work just to earn a single bitcoin , and now im planning to save more bitcoins to buy a house
I'm now try to follow my plan on buying my own home. Even that's already a small house I'm going to use my earned bitcoins for buying one. And I'm not regretting that I sold some of my bitcoins for buying my small house. As I planned it before when the price was $1,000 and it is now doubled so there's no feeling sorry. |
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Jembut Ireng
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July 13, 2017, 08:43:28 AM |
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It depends, if we bitcoin stock buy houses by selling all of the bitcoin then it is a loss, because if we want to be patient then prices can be more expensive.
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aesma
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July 13, 2017, 09:09:15 AM |
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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. Fortunately in my country fixed rate mortgages are the norm. Keeping a chunk of my money/bitcoin and buying a house with a mortgage is thus a much better strategy in the long run. I will build the house so it should keep its value (and most likely increase), I will build it in concrete so it's not gonna deteriorate, and where I am real estate prices have only gone up for the last 20 years. Even at the worst of the economic downturn they only stagnated, never decreased. Finally, a house also has a usage value. What I will be paying in mortgage I will not be paying in rent. If I want to install a mining rig I will not have to ask for anybody's permission. Put it in a shed outside ? No problem. |
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Fatanut
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July 13, 2017, 01:08:42 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 you could buy a house if you have an enough money to buy your own house. And you should find a person that who is selling a house and do accepts bitcoin as payment but if they don't you can convert your bitcoin into cash so you can buy a house that you want. So if a house is worth one hundred thousand dollars and I have one hundred thousand dollars, I should buy that house? I already have enough money so I should buy it? I think that's no plan at all. You have to plan out how much money will be left on you once you bought that house. After buying a house, you also have to buy appliances, you have to pay the carpenter for fixing the hidden issues, etc. There's even maintenance fee. There's a lot of things to pay for after buying a house so you have to save a lot of extra money first. House should be affordable first before you buy it and it is said that to be able to say that you afford something, you should be able to afford two of it. |
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bitbunnny
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July 13, 2017, 04:46:00 PM |
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Buying house for Bitcoins is relative thing. In some parts of the world you can already buy a house for a Bitcoin or two because in some countries this is a small fortune. But I guess you are talking about western hemisphere where situation is quite different.
At the moment I wouldn't dare to go for something like this because of Bitcoin volatility and instability and still isn't easy to earn/collect enough Bitcoins to buy a house. But some early adopters who kept large amount of Bitcoins probably can afford something like this.
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killerfrost
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July 13, 2017, 06:28:20 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 home is a good place to eat, because you have to spend a lot of money on it. Instead, you should invest in other types of altcoin to make a profit. I think that will make you richer |
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andrei56
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July 13, 2017, 08:04:42 PM |
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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.
This is the problem, you should only cash out if you need it or if you think the price is not going to go up any longer, by buying a house or anything then you are sacrificing potential profits, what if the price of bitcoin doubles in the next year? You could have bought two houses instead of one. |
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Fatanut
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July 14, 2017, 12:27:25 PM |
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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.
This is the problem, you should only cash out if you need it or if you think the price is not going to go up any longer, by buying a house or anything then you are sacrificing potential profits, what if the price of bitcoin doubles in the next year? You could have bought two houses instead of one. I'm afraid but with that type of thinking, you will be forever holding. In your scenario, you did what if next year. So you held your bitcoin for another year, the bitcoin price actually doubled, now you're about to sell again, you think to yourself, "What if the price doubles next year?" so you saved your bitcoin for another year and so on. This loop will continue until one day, you die. You die with millions of dollars worth of bitcoin but you never get to used any of that wealth because... what if next year the price doubles?  I actually do have the same way of thinking so I'm spending only a small percentage of my total bitcoins. I learned my lesson when I almost cashed out all of my bitcoins and then the price went up to $1200. |
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jvdp
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July 14, 2017, 01:24:16 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 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. Ya you can .House is a dream for many people. If you inverse on anything like bitcoin and get high profit means.Even you can brought house.You have to act wisely to brought a house and all. Have to sell your bitcoin at correct time.Like a business, you can inverse on bitcoin. |
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aesma
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July 14, 2017, 01:51:40 PM |
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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.
This is the problem, you should only cash out if you need it or if you think the price is not going to go up any longer, by buying a house or anything then you are sacrificing potential profits, what if the price of bitcoin doubles in the next year? You could have bought two houses instead of one. I'm afraid but with that type of thinking, you will be forever holding. In your scenario, you did what if next year. So you held your bitcoin for another year, the bitcoin price actually doubled, now you're about to sell again, you think to yourself, "What if the price doubles next year?" so you saved your bitcoin for another year and so on. This loop will continue until one day, you die. You die with millions of dollars worth of bitcoin but you never get to used any of that wealth because... what if next year the price doubles? I actually do have the same way of thinking so I'm spending only a small percentage of my total bitcoins. I learned my lesson when I almost cashed out all of my bitcoins and then the price went up to $1200. The idea is to have an objective and stick to it. If your objective is attained much sooner than anticipated, switching to a more ambitious objective might be an option. That will depend on what's going on in your life. If you have a good job, a house already, a wife and kids, maybe Bitcoin is only a bet on the future. Then you can wait until that bet makes you rich. |
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bucciarati
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July 14, 2017, 02:05:59 PM |
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maybe you can profit only a small amount and rent a house, then when you will be super rich buy an island, it's a better plan
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Bowly88
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July 14, 2017, 02:15:10 PM |
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It all depends on you. If you need a house and the real estate market in your area isn't already pumped to the sky, then why not? You can also choose to buy just started companies if you think they have a very high potential of succeeding.
That's true, it depends upon you if ypu really needed a house. But always save plenty of it, do not waste it for nothing, buy a house and continue investing. If the price is too high, you must gain more bitcoins then convert it into a fiat, then start another business while still continuing the bitcoin industry and that's a lot of money. |
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Basmic
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July 14, 2017, 02:20:49 PM |
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The house is something that will never disappear. You will be able to live in it or rent it and have a steady income. Bitcoin will not rise in price always and ever you'll be faced with the fact that bitcoin is not profitable, and this will provoke a fall in prices. There is the opportunity to buy a house.
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Shamie1002
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July 30, 2017, 04:46:20 AM |
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Buying a house from what you have saved is the best thing that you could ever have. Its assurance, I am sure that it will be the geatest achievement that you could do. You will always appreciate your hard work when you see that you have invested it for a home.
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Przemax
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July 30, 2017, 11:09:52 AM |
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The housing market is a complete fraud. The prices are obscenely high. We should all just boycott that market somehow by lowering our needs on the houses to make that market and the banks that are behind it go bust.
What would be ideal is that all of the rich douches would buy a billions worth estates, and then the estate market crash, so that those estate would be worth pennies after the crash.
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finzyoj
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July 30, 2017, 02:44:41 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 no, even the price of bitcoin is so high, it has no chance to use in buying a house if this is not legal to use. First, bitcoin needs to legalise in your own country and if this happen they accept this to use in buying anything. With a huge value of price, if they know that is it legal and legit, they grab this because they can also get a profit in bitcoin. If you have allot of bitcoin now and it will pump so high, not only a house you can buy also the things you want or needs like gadgets and cars . |
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