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Author Topic: If Bitcoin goes up very high should i buy a house?  (Read 133947 times)
diegz
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January 24, 2016, 03:51:44 AM
 #201

I think you should. But it will be a very long time before real estates starts accepting bitcoin.

Converting bitcoins to fiat could help us to buy a house.

It would take a long time before we could buy a house with the income from bitcoin. Maybe those early adopters of bitcoin could now buy a house.  Smiley

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January 24, 2016, 05:04:26 AM
 #202

If the price of Bitcoin went up that high that you could buy a house, everyone here would be rich. So yeah.....


 
 
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January 24, 2016, 05:10:42 AM
 #203

Yes, i will buy a house if bitcoin goes up very high. because i think buying a property like a house is more better than bitcoin. especially in my country, every years property and house price is always increase.
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January 24, 2016, 05:49:50 AM
 #204

bitcoin I think is a great investment but real estate is super safe.

Even if it goes down like when we had the crash it is already rising again. There is only so much land on earth so snag land
while you can.



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January 24, 2016, 09:56:15 PM
 #205

if i were you, I'd cash out at the highest price possible then buy a house. if you have enough btc to buy a house every dollar in price fluctuations matters. wait for btc to hit like 800ish in value then cash out and buy a house.
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January 24, 2016, 10:35:04 PM
 #206

bitcoin I think is a great investment but real estate is super safe.

Even if it goes down like when we had the crash it is already rising again. There is only so much land on earth so snag land
while you can.

This statement is true, I have similar opinion. Even in crisis times real estate won't lose value too much, there are a lot of population but a limited land on earth, it's one of the safest investments. If you can buy a house or land you should buy. Keep the change of coins in your wallet too.
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January 25, 2016, 12:03:22 AM
 #207

Bitcoin will definitely reach a substantial price, but it isn't going to go that high that you could buy a house.

 
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January 25, 2016, 12:52:44 AM
 #208

Buy island better,if  you buy house house can be  destroyed,island  will be your land
Real estate  bubble  willl blow up

 
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January 25, 2016, 04:50:11 AM
 #209

of course you can but my questions is how many bitcoin do you need to buy a house in your country because i'm pretty sure the price a house will be different in every country
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January 25, 2016, 06:10:58 AM
 #210

yes you should buy a house. real estate like house have a good investment
it will rise if you buy a house in a city even in a village rise too but not high as city.
but you need alot amount of money to buy house.
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January 25, 2016, 06:29:49 AM
 #211

Buy island better,if  you buy house house can be  destroyed,island  will be your land
Real estate  bubble  willl blow up
haha lol. the price of the island is very expensive, but if you have at least 1000 BTC and hold him in 20 years, I believe 1000 could BTC to buy an island, you can be my neighbor island lol
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January 25, 2016, 06:37:56 AM
 #212

The best investment in the land is land itself as marketing agents always say. The supply of bitcoin is increasing while land is not so in rarity sense, house and lot should be more valuable so if you think the btc value is high enough around the halving period then grab a house then.

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January 25, 2016, 07:13:09 AM
 #213

Bitcoin will definitely reach a substantial price, but it isn't going to go that high that you could buy a house.

Thats a nice plan to invest in house or properties if the price goes high suddenly. Those properties remains to be a backup at times of fall in value of bitcoin, So sure you can go for a house based on hike in value

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January 25, 2016, 08:08:28 AM
 #214

Bitcoin will definitely reach a substantial price, but it isn't going to go that high that you could buy a house.

Thats a nice plan to invest in house or properties if the price goes high suddenly. Those properties remains to be a backup at times of fall in value of bitcoin, So sure you can go for a house based on hike in value

The house will be a physical asset you can sell later, but it will carry expenses too, and people tend to forget about these expenses. < Municipal Rates & Taxes on the property / Maintenance of the physical structure > If you subtract that over time from the first investment and you received no rental income to cover that, you will find that the profit on that property will be much lower than what you might have had, if you just waited for the price of Bitcoin to rise even higher.

I guess a physical property feels safe for people investing in traditional commodities like gold and silver and real estate. 

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January 25, 2016, 08:26:58 AM
 #215

The best investment in the land is land itself as marketing agents always say. The supply of bitcoin is increasing while land is not so in rarity sense, house and lot should be more valuable so if you think the btc value is high enough around the halving period then grab a house then.

buying house and renting them is also a good investment, land can be better but with bad weather, it can be worse, it depend heavily on the location

for myself i know i would by a land so i would save a big ass of money on some fruit and vegetable, and egg maybe...

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January 25, 2016, 08:55:28 AM
 #216

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin
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January 26, 2016, 02:32:11 AM
 #217

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.

Probably not, I think the housing market is very inflated now, it would not be a good idea to buy house in this inflated market.

Wait a 5-6 more years and see if the price drops lower, there is a massive imbalance in empty houses and demand for it, the price will probably go down.

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January 26, 2016, 02:03:28 PM
 #218

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

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sana54210
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January 26, 2016, 07:08:34 PM
 #219

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

Bitcoins is mainly used for the volatality and hence even if we can't find a passive income opportunity, holding the coins would be more than enough. The people who bought BTC when the price was $1 for a bitcoin must have now accumulated a lot to buy a house but selling those bitcoins is the only thing that's questionable.

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January 26, 2016, 10:20:19 PM
 #220

Investing in property is a good idea. I would do the same.
Either a house or join a group of investors to buy some property in asia.

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