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Sled
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September 15, 2017, 02:29:01 PM |
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It would be nice if you can buy a house with Bitcoin of course because if people are going to make an investment than the best investment that you can make is a house and that is nice. But of course you have to need a lot of coins or the value must rise for a long time to buy it.
If you even have a small amount of bitcoin and the value is still low for you then you can still buy a house if you are just going to grow your bitcoin so you can have a higher amount of bitcoin then you can have a lot of fiat money also because that is the solution if you are still not satisfied with the value of your bitcoin, grow it so you can have more value in fiat so you can be able to buy a house. |
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Chyton
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September 15, 2017, 02:37:24 PM |
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I would say that is a wise choice on the condition that you don't have any house (it will be your first house) and you don't want any mortgage (liability) tied to your name.
Cashing out 80% is wise enough, but at 90%? I don't think so because you said it yourself that Bitcoin is going to have a really high price.
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wolfgang56
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September 15, 2017, 02:44:01 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.
That is a great idea but i think you shouldn't cash out your bitcoin with that percent maybe you can use the 50% of your bitcoin to have at least a payback because if you are going to cash out that kind of amount it is hard for you to get back what you lose. But that is a very good idea to have a house with the use of your hardworks. |
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Gaff
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September 15, 2017, 03:11:14 PM |
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It's all up to you man, a house is a very good investment because it doesnt depreciate instead it just goes up in value usually, land is very important now, the more land you have the richer you technically are so you could take it to the moon and be the man that took btc to another level.
But I guess that is not smart. If you do that you need a lot of Bitcoins I think. May you should now wait indeed for a good value. I think the price rise will come very soon, we all hope for it. It all depends on you. If you need a house and the real estate market in your area isn't already pumped to the sky, then why not? You can also choose to buy just started companies if you think they have a very high potential of succeeding. For that price right now I don't think you can use your fund if bitcoin's price still remains volatile. Waiting is a very common ideas that investors will choose to do now, bitcoin price will have to gain it's better value before we can dump our holding for important expenses like of property buying. Even if other people had negative expectations about it, but it's not the end of everything and bitcoin existence will still prevail. |
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michnelli6
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September 16, 2017, 04:42:23 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.
It is possible that you can buy it if you can not afford the money, if you know how to accumulate? You will be able to do it especially when the bitcoin's life span lasts up the amount it gives up, not just you? not even me? But for all of us who use it  . If you have little bitcoin use? and do you remember what you should and can not do? Can you afford to earn a good amount of money in one day? And when you know how to save money, you can afford to buy a house using your patience. Keep it up a nice good work  . Yes, yes. You need to make an achievement. Don’t mind anyone that tries to deceive you not to buy a house, some people will never give a good advice. All they do is give stupid advice that will never benefit you in future. So I say buy a house, as far as you’ve made an amount that is enough to do so, as far as you have an amount to buy it and still have more remaining. |
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Biggapp
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September 17, 2017, 04:35:19 PM |
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I would say that is a wise choice on the condition that you don't have any house (it will be your first house) and you don't want any mortgage (liability) tied to your name.
Cashing out 80% is wise enough, but at 90%? I don't think so because you said it yourself that Bitcoin is going to have a really high price.
Well! No doubt the price of the bitcoin is increasing and the profit is also getting high so it is easy to buy thing you need. Bitcoin users are enjoying the luxuries and they are making profit and profit. According to me the money if you invested a lot then you should invest and wait for long time and soon you will be able to buy house by cashing out 50% of your income from bitcoin. So just chill and buy a house by selling your bitcoin. |
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man1996
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September 17, 2017, 04:52:09 PM |
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I don't think so that i will buy a house from my bitcoins even if the bitcoin goes up.I think I will save my bitcoins for future uses and spend a little amount on my needs.When I will be having enough bitcoins maybe I will buy a car or something like that.
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Therly
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September 18, 2017, 06:03:42 AM |
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To make an investment decision in a property is a single of the ideal investments that you can make simply because a home will in no way tumble in price and that is best for a investment decision.So if you want to offer it afterwards in the long term than you can have even some revenue with it and that is best for you, you will only require a whole lot of cash to buy a home.
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batang_bitcoin
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September 18, 2017, 06:13:21 AM |
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I don't think so that i will buy a house from my bitcoins even if the bitcoin goes up.I think I will save my bitcoins for future uses and spend a little amount on my needs.When I will be having enough bitcoins maybe I will buy a car or something like that.
Why you don't think of it? It's everyone's goal to have valuable items that can stay for us for the rest of our lives. Other wants Lambo and other wants his/her own home. Why not try to aim house and lot first, it's value is increasing every 3 months (correct me if I'm wrong). And aim your own car after having your home sweet home and your life is now complete. |
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richkellj
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September 18, 2017, 08:15:31 AM |
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It depends on you sir because you can actually buy a house with BTC. Or, you can also keep it because if we look at value of BTC, it's noticeably surging all the time so it's better to just keep it until you will notice that its value is decreasing.
I will agree to your logic of reasoning. It is better to keep your Bitcoins at the time when the prices are going up and hold it for more and more profit instead of just buying a house. Buying a house is not a bad option, but it will not help you in earning more profit and more money. You need to make the best use of your Bitcoins. It is not a good option to keep all of your bitcoins in wallet when the prices are going up, rather you should cash out some of your coins to fulfill your wishes and dreams, keeping rest in wallet for future purpose. What’s need of having large number of bitcoins when you don’t even have your own house to live? |
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pugman
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dogs are cute.
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September 18, 2017, 08:24:41 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.
Yes, why not ,even though the idea seems ridiculous, you can go for it. Food ,clothing, shelter are the three main basic sources that every human needs and if you can buy a house, then you can easily take care of clothing and food. About landlords they are doing this because they also want money for their basic needs and for their family, it's your wish on how you want to spend your bitcoin on, but just make a wise enough decision which you will not regret later on. |
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Maxsumi
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September 18, 2017, 08:33:31 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.
Why not? The money is all yours you have earned. So you are allowed to buy a house with it, but you need to look at your country's law. In my country when you are withdrawing money to euros you need to pay taxes if you don't you could get a huge fine. So most people are just paying these tax in order to use bitcoin. |
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Nenni
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September 18, 2017, 08:40:33 AM |
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yes, my only greatest hope is, I can buy a house from bitcoin, so my prayer for this bitcoin keeps going, the price also goes up, so that my dream can be achieved
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Sled
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September 18, 2017, 09:20:25 AM |
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yes, my only greatest hope is, I can buy a house from bitcoin, so my prayer for this bitcoin keeps going, the price also goes up, so that my dream can be achieved
If you pray and make actions then you dream will come true but if you are just praying and hoping that your dream will come true then you are not doing right because that is not a good habit to do when you want something. You should work first and pray in the second so you will have an effective way of getting to your dreams. |
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cramcram21
Sr. Member
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Merit: 251
★777Coin.com★ Fun BTC Casino!
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September 18, 2017, 09:25:21 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.
Wow this post was made almost 2 years ago, I hope you already bought a house for your own . If you would compare the price of bitcoin when this thread was created the difference is so huge. |
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aesma
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September 18, 2017, 09:58:19 AM |
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I've completely changed my position on this. I won't buy a house with bitcoin, at least not my first house. I will buy my house soon, with fiat I have saved up and a big mortgage at low interest rate. Low interest rate = almost free money. So I will take advantage of that free money, and keep my BTC stash intact for now.
In a few years I might be able to buy a palace or a big building with the BTC !
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Ipwich
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September 18, 2017, 11:06:53 AM |
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I've completely changed my position on this. I won't buy a house with bitcoin, at least not my first house. I will buy my house soon, with fiat I have saved up and a big mortgage at low interest rate. Low interest rate = almost free money. So I will take advantage of that free money, and keep my BTC stash intact for now.
In a few years I might be able to buy a palace or a big building with the BTC !
There's a risk on what you are going to do but the reward is really high, good luck, you really are a risk taker. As for me, I will secure first my house and then I will just invest my excess money, a house is already an achievement and if I have a chance I will surely buy one, it's my first house actually. |
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Genamant
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Trphy.io
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September 18, 2017, 12:18:58 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.
why not ? house is a common necessity and its very important staying in a place you own no monthly rents to worry |
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kpcian
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September 18, 2017, 12:59:33 PM |
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not only a house but also I will buy a car for me. when you can make the profit at a large amount then you can buy anything whatever you want. so you can buy a house very easily. but I prefer not to spend my Bitcoin because for me it is a gold mine. if I spend my Bitcoin then I will lose a golden opportunity to make more money so i will not buy a house.
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jostorres
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September 20, 2017, 03:57:54 PM |
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When bitcoin rises high, each person can buy himself whatever he wants. Buying real estate is the most necessary for many owners of coins who dream of getting rich.
Indeed! You can buy whatever you want with bitcoins provided the seller is aware of this latest type of currency. It would be easier to make a deal then but if he is not accepting bitcoins, no worries at all. There is option of converting bitcoins into fiat. I am myself hoping of buying an apartment with bitcoins. Yes! Bitcoins are just like other conventional currencies, they are just lacking physical existence nothing else. Paper money and bitcoins are almost serving the same purposes. Indeed it would be really easier to make deals in bitcoins if both parties are aware of the real potentials of bitcoins. |
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