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loopes
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July 30, 2017, 03:21:08 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 . buying a house with bitcoin still possible even if the country didn't declare that bitcoin is really legal currency. that's can happen when the transaction happen between bitcoin users. Bitcoin user offers a house and sell it to other (bitcoin user) they just need a deals and house certificate can move to other hand. no matter what people buy with. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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linyhan
Sr. Member
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Activity: 684
Merit: 250
Early Funders Registration: monartis.com
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July 30, 2017, 03:30:44 PM |
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If Bitcoin goes up very high should i buy a house?
Why not. Well its my dream to own a house someday, im already tired staying at my grandmothers house for atleast 20 years, and now i have save enough bitcoin to start building my new and beautiful house. |
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Forhadm
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July 30, 2017, 05:38:43 PM |
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yes of course if bitcoin goes up very high should i buy a house because its my dream when i was a child that time i had a dream and that dream is i made a 3 storied building after buy a car and got married. so i want work at bitcoin and buy all my dream.
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curved9inch
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August 17, 2017, 08:42:33 PM |
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If you have 20 bitcoin and now suddenly it rise . Sure you can build a house here since the 20 bitcoin us 600k php .That is a big money enough to build your home. So much better you do now is to earn bitcoin to have a good profit and you can get a millioner if you have a lot of bitcoin. And you can build or buy a house for your family.
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SirPereira
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August 17, 2017, 10:31:46 PM |
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The last time OP was active was at 12-02-2017, 18:17:16.
From what he has specified, I guess it hasn't appeared anymore since he bought his new house! Ahah
Who would say this would become true in 2017! Congrats OP if you ever do see this in future and haven't sold your BTC before this rise!
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Clement Kaliyar
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August 17, 2017, 10:59:50 PM |
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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.
It is true that the real estate sector does have insanely high amount of rate and i am sure the bubble is bursting in many places around the globe,all of the black money is invested in real estate and other similar sectors and so is the reason the inflation is really high and that a common man cannot afford a house at the present situation. |
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jaysabi
Legendary
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Merit: 1115
★777Coin.com★ Fun BTC Casino!
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August 17, 2017, 11:31:40 PM |
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Some people seem to think buying a house in bitcoin will save you tax money. Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously. You will also still be subject to real estate taxes while owning, not just when you sell. Bitcoin does nothing to help you evade taxes on real estate.
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nowlscor18
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Activity: 282
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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August 18, 2017, 12:04:39 AM |
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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. You're right, if youre not gonna spend your money because you think what if someday it will be double then you might miss a chance to live in your dream house just because of what you think , and as he said what if tommorow you'll die you can never bring back your life but you can always earn if you work hard. |
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Razick
Legendary
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Activity: 1330
Merit: 1003
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August 18, 2017, 01:31:27 AM |
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Man... don't waste your Bitcoin on a house this early. HODL them until it goes up a lot more and then cash out. If you spend them all on a house now, as I told a guy last year you will have 3 houses if you just wait... and guess what, it was true. If you just wait you will be able to buy 3 houses.
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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Fappanu
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August 18, 2017, 03:20:30 AM |
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It is hard to find someone who receives bitcons as a home payment that you buy because it has a risk involved. because there's a risk that the price falls as long as I can find a crypto lover that will really do everything just buy bitcoins or a rich man who wants to sell his property for bitcoins. And I'm sure they will not sell their property for bitcoins. It's better to sell your bitcoins and buy a home with fiat money.
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snowdropfore
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August 18, 2017, 04:49:46 AM |
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never sell one bitcoin for a house , i will holding bitcoin .it is the best option
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deejhay
Member
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Merit: 100
for future
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August 18, 2017, 07:01:44 AM |
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i think you should invest first on something that would earn, take insurance and if you are confident that you already have enough, then go on and buy your dream house.
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aesma
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August 18, 2017, 08:19:37 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.
If there is demand the price goes up. If there is no demand the price goes down. My parents have a house in a place where there is lots of work, lots of families with kids, its worth more and more every year. They have another house in the country, not much jobs, mostly old people, its worth is stagnating. Fortunately it's a nice house (800 years old) with a big garden and an ocean view, otherwise its worth would be going down. |
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abilarde
Jr. Member
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Activity: 47
Merit: 10
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August 18, 2017, 09:09:29 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.
We know that every one of us want permanent house or to have their own house. So if bitcoin or the price of bitcoin goes high, yes definitely i can buy a house because , as far as i know the price of btc now is little bit high and i hope someday it is goes higher and higher the value . |
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kuryadi
Full Member
Offline
Activity: 182
Merit: 100
Buglab.io
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August 18, 2017, 01:33:05 PM |
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If the bitcoin price goes up it should sell it and change it to fiat money. You can buy a house with the money you get from bitcoin. It may only take 5 btc to buy a good house for you. Bitcoin really helps your life so you can afford to buy a house. I'm sure if you have a lot of bitcoin .. not just a house you can buy .. maybe also an apartment .. it's very good for bitcoin
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Sled
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August 18, 2017, 01:42:04 PM |
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If the bitcoin price goes up it should sell it and change it to fiat money. You can buy a house with the money you get from bitcoin. It may only take 5 btc to buy a good house for you. Bitcoin really helps your life so you can afford to buy a house. I'm sure if you have a lot of bitcoin .. not just a house you can buy .. maybe also an apartment .. it's very good for bitcoin
If you have at least 5 bitcoin then don't spend it all on a house or anything that will not bring you money because they are worthless for me. It is better to build your own business with 5 bitcoin so you can have a great source of income that can be turned into a passive income and because of that business, you can buy a better house for yourself or for your family. |
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warrior333
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August 18, 2017, 01:43:55 PM |
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The house is fine, but it is always the removal of money from circulation. Theoretically, you could buy a Bentley, but you will not have money for life and will not have funds for the maintenance of such a vehicle. In the end you will have neither money nor car. So it may be with the house. Always think when they make such purchases.
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TIDOVEE
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August 18, 2017, 01:46:38 PM |
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Your question is simple but sounds funny to me,only you know what is best for you, if house it next need on you scale of preference, and you have your coin, why should you stay as a tenant.
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ankylotic
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August 18, 2017, 02:04:58 PM |
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i think you should invest first on something that would earn, take insurance and if you are confident that you already have enough, then go on and buy your dream house.
for that you have to invest a good volume in it right now and should have to wait for almost 2 to 3 years for this and if you are experiences in the trading of altcoin than this time period will be get low but just from earning it online or from making it from less investment i don't think you will be able to get close to your dream. |
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rekinthis
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August 18, 2017, 02:11:23 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.
Of course you should. Just i would cash out 60% only and keep rest for future or something else, in case that price rises even more. So yeah, if price will be ever high enough for you to buy house, then you should do that. Bitcoin price might fall down or you simply might lose them, but if you buy house before that nobody will take it from you. |
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