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Author Topic: If Bitcoin goes up very high should i buy a house?  (Read 133940 times)
a7mos
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July 13, 2016, 03:48:40 AM
 #921

House should not be treated as an investment.
House can be investment
You can use it for rent and gain monthly income
Also house price never going fall, more time you own it the price will go up

Are you sure house price never fall?

It does fall if the country economy is not stable or if there a war or a political turmoil  in the country. So even real estate involves gain and pain like all other investments in the world
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July 13, 2016, 05:29:04 AM
 #922

If you have lot of Bitcoin, why not?. It all depends when would Bitcoin increase it price, if it would reach $4k, then. You have atleast 100btc then convert to fiat then buy a house. There are lot of things that Bitcoin can do, it will matter to its price though.

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July 13, 2016, 07:15:40 AM
 #923

If you have lot of Bitcoin, why not?. It all depends when would Bitcoin increase it price, if it would reach $4k, then. You have atleast 100btc then convert to fiat then buy a house. There are lot of things that Bitcoin can do, it will matter to its price though.
Yeah it all depends on how many bitcoin you have and what will be the price of bitcoin to afford to buy a house but it is really good to buy a house it is an form of savings.
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July 13, 2016, 07:43:23 AM
 #924

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.
Yeah it is not a bad idea to buy a house with the money that you have earned because of Bitcoin, if you can make enough money then you should do it.
A house is always a good investment because the value can also go up.
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July 13, 2016, 10:31:15 AM
 #925

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.
Yeah it is not a bad idea to buy a house with the money that you have earned because of Bitcoin, if you can make enough money then you should do it.
A house is always a good investment because the value can also go up.

Yeah but where i live in UK with brexit im going to wait now even if bitcoin does go to the moon. The house price wont be looking good for next few years which is great for me.  House down bitcoin up Smiley
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July 13, 2016, 12:35:09 PM
 #926

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.
Yeah it is not a bad idea to buy a house with the money that you have earned because of Bitcoin, if you can make enough money then you should do it.
A house is always a good investment because the value can also go up.

Yeah but where i live in UK with brexit im going to wait now even if bitcoin does go to the moon. The house price wont be looking good for next few years which is great for me.  House down bitcoin up Smiley
I like that, it could only mean that the economy in your country is going down due to low housing, in our country house are really cheap and I am lucky to be on board in bitcoins because I am gonna buy in the future.

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July 13, 2016, 02:01:45 PM
 #927

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.
Yeah it is not a bad idea to buy a house with the money that you have earned because of Bitcoin, if you can make enough money then you should do it.
A house is always a good investment because the value can also go up.

Yeah but where i live in UK with brexit im going to wait now even if bitcoin does go to the moon. The house price wont be looking good for next few years which is great for me.  House down bitcoin up Smiley
I like that, it could only mean that the economy in your country is going down due to low housing, in our country house are really cheap and I am lucky to be on board in bitcoins because I am gonna buy in the future.
The good thing with bitcoin is that it is not affected with certain economy of a specific country, the market is just driven buy the real law of demand and supply so I am happy being part of it.
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July 16, 2016, 05:38:14 PM
 #928

Yeah but where i live in UK with brexit im going to wait now even if bitcoin does go to the moon. The house price wont be looking good for next few years which is great for me.  House down bitcoin up Smiley
I like that, it could only mean that the economy in your country is going down due to low housing, in our country house are really cheap and I am lucky to be on board in bitcoins because I am gonna buy in the future.
The good thing with bitcoin is that it is not affected with certain economy of a specific country, the market is just driven buy the real law of demand and supply so I am happy being part of it.
well, just thinking that if bitcoin up and house price is down, we can got rid lot of houses. but i dont really know when the price of house will booming, for some country that still not even crowded with human. so the land remain cheap for reason to attract some newcomer for a long time
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July 16, 2016, 06:23:06 PM
 #929

UK has population growth which not every country has.   I do presume over decades the prices will generally rise.   Im not sure why people keep thinking brexit means the house prices have to fall.
Quote
House should not be treated as an investment.

We are living in a topsy turvy world where housing you live in is not investment but a virtual cryptographic token is considered more useful and stable then solid real estate  Grin


Anything can be subject to volatility, the sub prime thing was mostly from political meddling.    Anything useful can be invested in, cash is generally not investment as its just a form of debt.  Bitcoin is at least an expression of work and unique placer in the blockchain, its debatable

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July 16, 2016, 06:45:52 PM
 #930

Interesting question! But I will suggest first of all hire an advocate to deal with all legal aspects associated with it. Since bitcoin can touch new heights with specific intervals of time, you should badly consider about return on investment in both possible cases (buying house or holding bitcoins). Own house is amazing thing in life but would you go with that on the costs of low profits?. I will strongly advice is to deeply study market scenario focusing on return of investments when you are about to spend large part of your bitcoin holdings. Wish you all the best.
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July 16, 2016, 06:49:26 PM
 #931

UK has population growth which not every country has.   I do presume over decades the prices will generally rise.   Im not sure why people keep thinking brexit means the house prices have to fall.
Quote
House should not be treated as an investment.

We are living in a topsy turvy world where housing you live in is not investment but a virtual cryptographic token is considered more useful and stable then solid real estate  Grin


Anything can be subject to volatility, the sub prime thing was mostly from political meddling.    Anything useful can be invested in, cash is generally not investment as its just a form of debt.  Bitcoin is at least an expression of work and unique placer in the blockchain, its debatable

I see House and lot as an investment though. if the location of this house has the access to everything from hospital, schools and supermarket.
It should be great and price shall appreciate in years to come. location plays a big factor when it comes to real estate. this is what i've learned from an agent i know because I've once processed it when my sister bought a house.

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July 16, 2016, 07:32:33 PM
 #932

If you have lot of Bitcoin, why not?. It all depends when would Bitcoin increase it price, if it would reach $4k, then. You have atleast 100btc then convert to fiat then buy a house. There are lot of things that Bitcoin can do, it will matter to its price though.
yeah, i think that if bitcoin goes up in the future then you should surely buy a house for it because in my opinion bitcoins are created to spend it and not just hold all the time

 
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July 16, 2016, 08:05:57 PM
 #933

If you have lot of Bitcoin, why not?. It all depends when would Bitcoin increase it price, if it would reach $4k, then. You have atleast 100btc then convert to fiat then buy a house. There are lot of things that Bitcoin can do, it will matter to its price though.
yeah, i think that if bitcoin goes up in the future then you should surely buy a house for it because in my opinion bitcoins are created to spend it and not just hold all the time

Real estate is always a good option on the long term. I am into a little bit of real estate too and like gold it's very solid as an investment.
It holds value but also keep increasing.
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July 16, 2016, 08:51:15 PM
 #934

House should not be treated as an investment.
House can be investment
You can use it for rent and gain monthly income
Also house price never going fall, more time you own it the price will go up

Are you sure house price never fall?

The price of house falls when the house is already old tendency the price is going to be cheaper at all. But with the lot this is the best investment at all because it is just like gold it's price never fall.
As the time goes by, the price of it is just going to become higher and higher.

But in my area the price of the house increases with each passing day, as the value of land in my lace increases every day, and for the increasing value of land no one focus on the building age.
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July 17, 2016, 04:59:31 AM
 #935

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .
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July 17, 2016, 05:21:31 AM
 #936

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..  Smiley
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July 17, 2016, 08:16:55 AM
 #937

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..  Smiley
Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.

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mirakal
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July 17, 2016, 08:52:00 AM
 #938

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..  Smiley
Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.
Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

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July 17, 2016, 08:56:48 AM
 #939

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..  Smiley
Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.
Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

A big house means bigger maintenance, and if you are only three in the family, a simple studio type house is enough I think, but if you have bigger family, buy a house that would make you all sleep comfortably. I'd rather buy a house than  investing the money that I have, a house is almost secure investment compared to investing in those investment programs.

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July 17, 2016, 11:39:50 AM
 #940

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..  Smiley
Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.
Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

A big house means bigger maintenance, and if you are only three in the family, a simple studio type house is enough I think, but if you have bigger family, buy a house that would make you all sleep comfortably. I'd rather buy a house than  investing the money that I have, a house is almost secure investment compared to investing in those investment programs.
I have to disagree with your statement, house is not a secure investment as it is a liability, imagine you are paying for the expense to maintain a house including insurance expense and if you are just personalizing your house it will not generate income for you.
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