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Author Topic: Trade house for 1 bitcoin  (Read 15295 times)
abs350 (OP)
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January 14, 2016, 09:21:33 AM
 #1

How long until we can trade a house for a single bitcoin??

1 year, 2 years, 3 years?? What do you think about it?

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OmegaStarScream
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January 14, 2016, 09:26:12 AM
 #2

How long until we can trade a house for a single bitcoin??

1 year, 2 years, 3 years?? What do you think about it?

I'm not sure how much houses costs where do you live , but here you can get more then a decent apartment for like 80k $ , Now the question is .. can bitcoin reach that amount ? . It's likely to happen ? definitely not but everything can happens so we can expect everything on the next 20 years .

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amacar2
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January 14, 2016, 10:04:16 AM
 #3

How long until we can trade a house for a single bitcoin??

1 year, 2 years, 3 years?? What do you think about it?
It depends on the type of house you are looking to buy and the purchasing power of the $ in the country where you gonna buy. In most of the asian countries some huts can still be easily purchased with 1bitcoin. Grin

For buying flats, multistory building etc i think we have to wait atleast 5-10years.

 
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January 14, 2016, 10:12:35 AM
 #4

Someday a nice condo for 1 btc. Over 5 years for sure. For sure in Canada, that would be the case. A house in a regular

neighborhood that is just picket fence and hardworking parents, maybe sometime like that at LEAST 5-10 years.

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January 14, 2016, 10:31:17 AM
 #5

The average house costs here €150,000, and then you have a normal house. I can't see Bitcoin comming close to €100,000 per coin. That's why I say never.
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January 14, 2016, 10:36:02 AM
Last edit: January 14, 2016, 04:30:26 PM by Amph
 #6

you need a value of 50k at least for a small house, and 100k for a big one for villa much more of course

so i would say, wait until the prediction of satoshi will come true, which mean 2030
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January 14, 2016, 11:28:09 AM
 #7

Would be nice when that happens hopefully us early adopters could fund a bitcoin city that way too. I think it is more than likely a good few years off tho

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January 14, 2016, 11:42:51 AM
 #8

The price of property are climbing more rapidly than anything, so I don't think it will ever happen that you'll be able to purchase a house with 1 bitcoin, maybe in a place like Africa or somewhere else where there is no development.

 

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January 14, 2016, 11:48:54 AM
 #9

It could be possible in the long run.

Can the doubters say what is wrong with the following argument : ?


25M bitcoins in total.

10B people in total, of whom 0.1B are genuinely productive and the rest are just taking up space, consuming bank handouts, printing more debt to fund inexplicably dumb lifestyle choices.  An example of an unproductive is such as being a hoverboard-riding traffic warden whose stylish neon-edged uniform and i-ticket smart-parking-fine issuer are lighter and thinner than last years' 7G enabled i-ticket thing.  Those get their pay from central government, who get their money issued by banks in the daily overspend.  Those ones all bid for neon-edged city lifestyle appartments, and might buy the pink balcony augmented reality vision if it is cheaper than pink paint for the whole row.

The 0.1B genuinely productives sell their work mainly for bitcoin-backed cryptocurrency so on average have 1/4 of a bitcoin in their total net worth, though often that may be in the form of a different crypto.  Those people all need somewhere to live, and have different priorities to wanting the pink balcony app.  For example an apple tree and a potato patch would be nice, and somewhere to live quite essential.  Since genuinely productives tend to buy only genuinely useful items, such as potato fertiliser and a spade, and avoid counterproductive payments, their 1/4 bitcoin could end up being their main savings.  Now what would be the value of an average three bedroom semi with an apple tree and a potato patch in the back garden in this scenario?
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January 14, 2016, 12:39:43 PM
 #10

It could be possible in the long run.

Can the doubters say what is wrong with the following argument : ?


25M bitcoins in total.

10B people in total, of whom 0.1B are genuinely productive and the rest are just taking up space, consuming bank handouts, printing more debt to fund inexplicably dumb lifestyle choices.  An example of an unproductive is such as being a hoverboard-riding traffic warden whose stylish neon-edged uniform and i-ticket smart-parking-fine issuer are lighter and thinner than last years' 7G enabled i-ticket thing.  Those get their pay from central government, who get their money issued by banks in the daily overspend.  Those ones all bid for neon-edged city lifestyle appartments, and might buy the pink balcony augmented reality vision if it is cheaper than pink paint for the whole row.

The 0.1B genuinely productives sell their work mainly for bitcoin-backed cryptocurrency so on average have 1/4 of a bitcoin in their total net worth, though often that may be in the form of a different crypto.  Those people all need somewhere to live, and have different priorities to wanting the pink balcony app.  For example an apple tree and a potato patch would be nice, and somewhere to live quite essential.  Since genuinely productives tend to buy only genuinely useful items, such as potato fertiliser and a spade, and avoid counterproductive payments, their 1/4 bitcoin could end up being their main savings.  Now what would be the value of an average three bedroom semi with an apple tree and a potato patch in the back garden in this scenario?

There will be less than 21M Bitcoins in total when last one is mined and right now there is around 7B of people on Earth mate. Other than that, i guess there is lot more than 0.1B of genuinely productive people lol.
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January 14, 2016, 12:50:54 PM
 #11

I do not know, it depends on you, if you're smart to read the situation or hike down the price, smart in manipulating people's minds or maybe it will happen quickly, because that's an important point of trading
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January 14, 2016, 01:05:57 PM
 #12

I think you will need to wait at least untill it's 2030 as Amph also said. By that time we know what's really left of Bitcoin. 1 Bitcoin by that time can be worth tens of thousands, or it will end up costing just a few bucks.
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January 14, 2016, 01:27:00 PM
 #13

you need a value of 50k at least for a small house, and 100k for a big one for villa much more of course

so iw ould say, wait until the prediction of satoshi will come true, which mean 2030

Mr SN could be wrong about that, IMHO this is more closer than appear, things are going really faster even if some people think otherwise, ofc this is my wish too, but i really have the feeling that the next 2-6 years will a inflection point in the bitcoin history by looking at the world economy.

IMHO #1.b of suspects, Hal Finney is/was S.N.
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January 14, 2016, 01:52:45 PM
 #14

I don't think 1 house will be worth 1 bitcoin in our lifetime, perhaps our children or grandchildren will have this opportunity if bitcoin still exists.

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January 14, 2016, 02:15:39 PM
 #15

All house will increase their value durig the time. It really difficult buy one with 1 BTC in the future
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January 14, 2016, 04:25:12 PM
 #16

How long until we can trade a house for a single bitcoin??

1 year, 2 years, 3 years?? What do you think about it?

Dude you are asking for a Bitcoin being worth at least low to mid 6 digits. That won't happen in 2 ,3 or 5 years.
If ever this could take several decades to reach that value. So it be wise to accumulate a few more coins than just owning 1.
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January 14, 2016, 04:31:28 PM
 #17

you need a value of 50k at least for a small house, and 100k for a big one for villa much more of course

so iw ould say, wait until the prediction of satoshi will come true, which mean 2030

Mr SN could be wrong about that, IMHO this is more closer than appear, things are going really faster even if some people think otherwise, ofc this is my wish too, but i really have the feeling that the next 2-6 years will a inflection point in the bitcoin history by looking at the world economy.

he only said that the vlue will be very high or zero, not that it will be very high for sure, so it can not be wrong, because one thing is certain... the value will not be the same as today
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January 14, 2016, 05:42:26 PM
 #18

All house will increase their value durig the time. It really difficult buy one with 1 BTC in the future


Never say... , everyone knows the story of the " bulbs of tulip" in Holland
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January 14, 2016, 05:58:19 PM
 #19

this thread is a good read https://bitcointalk.org/index.php?topic=592691.0
1,000,000 bits in a bitcoin, rather than sats

when btc goes to high xxx again and even over 1,000 - 1200 again, apart from large purchases like second hand car and trading, it's rare you will use a whole bitcoin
more likely just coffees , smaller products used for, so bits needs to be adopted sooner rather than later imo

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January 14, 2016, 06:34:51 PM
 #20

Never and I'm not saying that to troll. Think about it, a typical house is worth $200-300k and Bitcoin ATH was just $1k. Most people expect the price to reach ATH again, but even those really positive won't speculate about a coin worth 10k or more and you're asking when will it reach ATH x 200...
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