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Doms
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June 06, 2016, 03:54:34 AM |
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If bitcoin's price reaches an amount where it is enough to buy a house, I'd go for an apartment-type building. With that, I could still make my earnings earn even more passive income. A house is not really an investment but more of reward to our hard work and to have a roof we could call our own. But if you are into real estate business, buying and selling house with bitcoin could make you even richer.
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VerdinaNET
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June 06, 2016, 03:59:37 AM |
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I think it's too risky, but it's a good idea.
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ning_chang
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June 06, 2016, 04:04:07 AM |
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If you need a house or you want it go buy it, Too much btc is needed if you are buying a house. How many Months do you Work for that volume of btc?
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jiefes
Newbie
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Activity: 56
Merit: 0
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June 06, 2016, 05:00:41 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.
 Maybe, but if someone does not smell and does not steal coins. |
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hendra147
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June 06, 2016, 10:19:06 AM |
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If you need a house or you want it go buy it, Too much btc is needed if you are buying a house. How many Months do you Work for that volume of btc?
it depends on the type of house you want, if you want a simple, it does not necessarily require a lot of bitcoin, but if you want luxury it certainly requires a lot of bitcoin. but if the prices are very high it gets better, so you do not really need a lot of bitcoin to buy a house |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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June 06, 2016, 10:26:42 AM |
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I think it's too risky, but it's a good idea.
Why is it risky? Buying a house doesn't mean he will invest all the profit for it he would have made. Just a buy a decent home with some nice backyeard in a mid priced area.Get a woman, make children and enjoy your life. |
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jossiel
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June 06, 2016, 10:38:10 AM |
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I think it's too risky, but it's a good idea.
What's risky about buying a house when price of bitcoin goes up? Even the price of bitcoin will rise or not. It is very essential for everyone to buy a house because it is a man's dream of having his own house. |
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Legasean
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June 06, 2016, 04:07:45 PM |
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many people say they want to buy a house with bitcoin but most of them do not have enough bitcoin. I think a good thing you do right now is to collect bitcoin and hold it, because when the price goes up, you may be able to buy two houses at once, one for you to live with people that you love, and the other one you use for business purposes
Yes I agree with you that what we need to do so that we could buy a house if ever the price of bitcoin will be in our favor. Because even you will say you want to buy house but you don't have enough bitcoin for buying so start earning and collecting it now. Making an investment in a house will be one of the best thing because with selling in the future you can earn a lot of money with it and that is nice. But the first step is that you have to need some patience until you have that much profit. |
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pocarime32
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June 06, 2016, 04:19:03 PM |
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many people say they want to buy a house with bitcoin but most of them do not have enough bitcoin. I think a good thing you do right now is to collect bitcoin and hold it, because when the price goes up, you may be able to buy two houses at once, one for you to live with people that you love, and the other one you use for business purposes
Yes I agree with you that what we need to do so that we could buy a house if ever the price of bitcoin will be in our favor. Because even you will say you want to buy house but you don't have enough bitcoin for buying so start earning and collecting it now. Making an investment in a house will be one of the best thing because with selling in the future you can earn a lot of money with it and that is nice. But the first step is that you have to need some patience until you have that much profit. Yes, you are right. If you have many bitcoins, i think it's better to invest by buying a house, because it's really good for long term investment. But for now, better hold your bitcoin first, because halving is close. |
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Shinpako09
Legendary
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Activity: 2058
Merit: 1015
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June 06, 2016, 11:27:23 PM |
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Of course, that is better than renting a house. The only problem is do you have enough bitcoin that could buy a house when you converted it into fiat.
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sirohige
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June 07, 2016, 03:57:11 AM |
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Of course, that is better than renting a house. The only problem is do you have enough bitcoin that could buy a house when you converted it into fiat.
if bitcoin reach $100.000 i have 1bitcoin and i think it's enough to buying new house  . bitcoin have potentially to be 1st currency in the world, i think bitcoin can survive. |
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boyptc
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June 07, 2016, 04:02:45 AM |
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Of course, that is better than renting a house. The only problem is do you have enough bitcoin that could buy a house when you converted it into fiat.
if bitcoin reach $100 .000 i have 1bitcoin and i think it's enough to buying new house . bitcoin have potentially to be 1st currency in the world, i think bitcoin can survive. Well not a 'dot' you must put to your value but must be a 'comma' $100,000.00 And you are right if 1 bitcoin reaches that amount for sure, we all bitcoiners will able to buy not just 1 house but 2 - 3 houses. But let's see on when it will going to happen. I hope it will happen that soon. |
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bryant.coleman
Legendary
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Activity: 3780
Merit: 1219
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June 07, 2016, 06:07:13 AM |
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Of course, that is better than renting a house. The only problem is do you have enough bitcoin that could buy a house when you converted it into fiat.
if bitcoin reach $100.000 i have 1bitcoin and i think it's enough to buying new house . bitcoin have potentially to be 1st currency in the world, i think bitcoin can survive. Where do you live? Is it possible to buy a decent (3BHK or 4 BHK) house for just $100,000 in your country? In my country, small independent villas normally cost around $2 million or $3 million (unaffordable for normal people). Semi-detached houses are a little more affordable. Apartments are cheaper, with 2BHK apartments from HDB selling for less than $200,000. |
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Fraxinus
Legendary
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Activity: 1274
Merit: 1000
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June 07, 2016, 06:16:51 AM |
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Yeah you can buy for sure .That's an individual choice but is a good choice to make as long as you can afford to do it,so yeah,go for it and let us know as well,so we can see what's the result of all. |
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pearl11
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June 07, 2016, 06:43:50 AM |
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If you have save more than 1000btc then definitely you should by a house,, even 2 or three house you can it as long as the bitcoin price is 5000$ when you sell all your bitcoins
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Cyaren
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June 07, 2016, 07:34:54 AM |
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I think it's too risky, but it's a good idea.
Why is it risky? Buying a house doesn't mean he will invest all the profit for it he would have made. Just a buy a decent home with some nice backyeard in a mid priced area.Get a woman, make children and enjoy your life. Not really. Buying a house isn't that good of a decision to make, especially when you know that another debt crisis is going to strike soon. Take for example, the 2008 debt crisis. Thousands lost their homes and the price of houses plummeted. I'd rather just keep that bitcoin, or try enjoy yourself with the bitcoins you've got. You might also invest in something else with those bitcoins. |
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Ziskinberg
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June 08, 2016, 04:46:50 AM |
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I think it's too risky, but it's a good idea.
Why is it risky? Buying a house doesn't mean he will invest all the profit for it he would have made. Just a buy a decent home with some nice backyeard in a mid priced area.Get a woman, make children and enjoy your life. Not really. Buying a house isn't that good of a decision to make, especially when you know that another debt crisis is going to strike soon. Take for example, the 2008 debt crisis. Thousands lost their homes and the price of houses plummeted. I'd rather just keep that bitcoin, or try enjoy yourself with the bitcoins you've got. You might also invest in something else with those bitcoins. Actually a house is not an investment but it is a liability because you pay for all the maintenance of your house and it does not bring income into you, but as human we need a shelter enough for our family to live a comfortable life. If bitcoins price is very high and I earn a lot from my investment then maybe I should consider buying one. |
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Kollor
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June 08, 2016, 05:03:03 AM |
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Actually a house is not an investment but it is a liability because you pay for all the maintenance of your house and it does not bring income into you, but as human we need a shelter enough for our family to live a comfortable life. If bitcoins price is very high and I earn a lot from my investment then maybe I should consider buying one.
Still, it's an investment even when you do all the fixtures, it is still a investment, house and lot price increases year by year, so your money is still moving. you could let someone rent it to profit, and it is almost a lifetime investment for the security of your family. From your wife up to your grand children, they could benefit from your house. So, if the price would really go high and you have enough bitcoin, grab the chance to buy a house if you see one. |
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jossiel
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June 08, 2016, 05:31:43 AM |
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If you have save more than 1000btc then definitely you should by a house,, even 2 or three house you can it as long as the bitcoin price is 5000$ when you sell all your bitcoins
Yeah you should buy a house if you have save a lot of bitcoins to your wallet and exchange it to fiat for sure those realty companies that where you are going to buy your house doesn't accept bitcoin. That is a well fulfilled dream if you can buy a house with your earnings with bitcoin. |
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bryant.coleman
Legendary
Offline
Activity: 3780
Merit: 1219
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June 08, 2016, 08:38:11 AM |
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Not really. Buying a house isn't that good of a decision to make, especially when you know that another debt crisis is going to strike soon. Take for example, the 2008 debt crisis. Thousands lost their homes and the price of houses plummeted.
I'd rather just keep that bitcoin, or try enjoy yourself with the bitcoins you've got. You might also invest in something else with those bitcoins.
If there is some sort of large scale crisis or recession, similar to the one in 2008-09, then the only risk-free investment is going to be bullion (gold, silver, platinum, palladium.etc). Every other type of investment is risky, including bank deposits. Unfortunately, Bitcoin is one of the most riskiest investments. In case of a recession, people will flock to safer options such as gold, thereby causing devaluation for Bitcoin. |
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