randy8777
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January 26, 2016, 10:31:57 PM |
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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.
investing in real estate is good if you manage to buy at cheap somewhere in an upcomming country. i would definitely not buy real estate in asia as the markets there have reached their ath's already. that's how the situation is currently. who knows, by the time bitcoin reaches a huge amount you can enter the asian market at a low price. then you have invested your money wisely. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Anegg
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January 26, 2016, 11:04:14 PM |
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You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.
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shogdite
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January 26, 2016, 11:18:39 PM |
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You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.
Gotta love observation! OP is imaging the price of btc goes to 5 digits so it would not need that many to buy average house actually. Assuming his dreams are achieved what are likely not to be then 30-50btc would be enough to buy a 300k house. I would if i could but mine would be cashed to ease up and reduce the current mortgage. 80-90% of your money in btc im sure you dont need me to tell you how risky that is lol |
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YoonYeonghwa
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January 27, 2016, 12:55:43 AM |
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You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.
Gotta love observation! OP is imaging the price of btc goes to 5 digits so it would not need that many to buy average house actually. Assuming his dreams are achieved what are likely not to be then 30-50btc would be enough to buy a 300k house. I would if i could but mine would be cashed to ease up and reduce the current mortgage. 80-90% of your money in btc im sure you dont need me to tell you how risky that is lol Well that makes sense. But that is going to take a very long time and it may never happen. |
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DaddyMonsi
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January 27, 2016, 03:27:08 AM |
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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 0.4 BTC but that is payable in 25 years  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. What about those who owns Bitcoin casino? Their earnings from running such site, can that be considered as a passive income? Also those who runs a blog and accepts ads from different site owners who are into Bitcoins, can those be considered as passive income? |
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Supercrypt
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January 27, 2016, 05:22:12 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.
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. In my city, the housing prices have doubled over the past 6 months and the properties that were worth around 70k dollars is worth 140k now. It's always wise to invest in properties but very few people do accept bitcoins in exchange for properties and the only way out is to exchange it for fiat first and then buy the house. |
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ajun96
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January 27, 2016, 05:46:10 AM |
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yeah sure, you can try to collect from now and save. if you want to collect 20k satoshi every day for the next 20 years, I think you could buy a home  |
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upsidedown75
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Merit: 1036
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January 27, 2016, 05:48:43 AM |
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Buying a house or land is a great idea but I doubt owners would accept more than 10-20% of the amount in bitcoins due to the price fluctuations. It's much better to invest in jewels like gold instead as you can buy gold online as well and easily while buying property can be tough.
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Newcoins2020
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January 27, 2016, 10:29:26 AM |
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You can do that. But I think that the retention of the bitcoin is more prudent.
Maybe it's not even up. if you have or need a lot of Bitcoins.
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Bardman
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January 27, 2016, 11:09:55 AM |
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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 0.4 BTC but that is payable in 25 years 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 $1 for a bitcoin must have now accumulated a lot to buy a house but selling those bitcoins is the only thing that's questionable. Who the fuck uses bitcoins for it's volatility besides traders. If bitcoins are volatile holding them is not a good idea, do you even use logic? Yeah people who bought bitcoins at 1 dollar made profit and people who bought at 1000$ are now crying, what's your point? |
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erikalui
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Activity: 2632
Merit: 1094
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January 27, 2016, 11:40:40 AM |
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I wanted to sell a property for bitcoins and accept 5-10% in bitcoins but then I noticed that it's going to be a huge risk to accept bitcoin payments as you need to find buyers too immediately to sell them for fiat cash. Can't risk to hold 100k in bitcoins with the current price fluctuations and hence it wouldn't be wise to even buy a house with btc. It's better to convert the cash in fiat and then buy.
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RealBitcoin
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January 27, 2016, 06:49:05 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.
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. In my city, the housing prices have doubled over the past 6 months and the properties that were worth around 70k dollars is worth 140k now. It's always wise to invest in properties but very few people do accept bitcoins in exchange for properties and the only way out is to exchange it for fiat first and then buy the house. Why would you want to invest when the price doubled? It's too expensive now. Why not wait a little bit until price goes down and buy then? |
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makingwin1
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January 27, 2016, 07:12:02 PM |
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well its your money so you can do whatever you want with it, though if i were you i would definitely do that i would buy all the stuff with bitcoin if i was rich
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salinizm
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January 28, 2016, 07:28:35 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.
hımmm 80-90 % is a good rate .. whenever you catch up these rates, you should buy your house without mortgage... good luck already  |
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nydiacaskey01
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January 29, 2016, 01:17:00 AM |
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Maybe it's a good idea for Real Estate Brokers to make Bitcoins as a option to pay not for the entire amount for the house but maybe for the down payment for buying a new house like the usual in my country which is 20%. Then the rest can be paid in Fiat.
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DrLove2048
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January 29, 2016, 02:41:41 AM |
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It would be a cool story to tell people, that you bought your house with bitcoin you bought 5 years ago or something
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rio3233
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January 29, 2016, 03:50:09 AM |
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I think it's a good idea to buy a house when the bitcoin goes up very high. So i sell all my bitcoin when the price increase very high and buy a house for that. it's more safe though, because someday the bitcoin price will go down.
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enhu
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January 29, 2016, 04:26:02 AM |
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I don't regularly see anyone selling real estate properties being sold for bitcoin. I just saw it here in bitcointalk.
I you have experienced buying a real estate property, you should see that transactions like this, I suppose the owner of the property gets to pay all the fees for the atty, the broker and the escrow for the legal papers.
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equator
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January 29, 2016, 04:32:04 AM |
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It is not a bad idea for going to buy a house if Bitcoin goes very high, the time will come soon when you can buy everything in your daily life just like what you are doing with fiat currency, and one more benefit will be that in the coming future you can do everything buying and selling Online, so bitcoin will play a big role in Online Shopping. Same their will be Real Estate Agents who will start using Bitcoins as payment for Properties.
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SolarSilver
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January 29, 2016, 05:52:58 AM |
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It would be a cool story to tell people, that you bought your house with bitcoin you bought 5 years ago or something
it has been done in the past, nothing new: http://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-homeI always thought it was funny that people here will go to great lengths to convince other people that Bitcoin is such a good idea (banking under your own control, instant access, a hedge against currency risk, a safe haven from bank crises, low transaction fees, open source, blockchain, scarcity and declining inflation, ...) and the first thing they do once the price goes up is sell out and buy a liability like an expensive house with it... (note that Kristoffer only cashed out one fifth of his stash) Kind of like those religious evangelists that preach one thing and do the opposite. |
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