Real estate backed cryptocurrency

[sky24]

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

[teilwalL05]

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

This is really amusing to see that even in the real estate industry you can sure have a transaction using your bitcoin, I think this is a great thing because you don't need to take out large amount of fiat money giving in a transaction, you just need your mobile phone and a QR code to pay that certain lot that you want, or if you are a real estate broker you can now get a salary pay with a Bitcoin amount in this pay if a person is not familiar with bitcoin he will now have a knowledge about it and can decide whether he will proceed in trading or letting the value increase.

[worldofcoins]

Real estate backed cryptocurrency is good as long as demand is up.  I was thinking starting a concurrency based on farming seafood.  I wanted to start an IPO on it, anything like food and housing is a good investment to be honest.  We all need to eat and have a home.  I think food based is better then real estate, because it can take time to sell homes.

[cbIpok]

I think they will do good work in the long run. One of the sectors that will make the most money in this world is the real estate sector and blockchain is helping to bring this sector to the web.

[tsaroz]

Brickcoin,  seem to have the exact moto of first cryptocurrency backed by real estate. They were advertising a bit but I couldn't find any more info in the forum.

[renes]

I don't trust those projects, I find them as dangerous projects for both investors and government. Cryptocurrencies are not trustable to me, real estate is better.

[beachbummer]

You don't really need a real estate crypto when you already have REITs. Much safer to trade or invest in..

[palle11]

I don't trust those projects, I find them as dangerous projects for both investors and government. Cryptocurrencies are not trustable to me, real estate is better.

 . Most likely you are guilding your self not to put all your "eggs in one basket"- is nice. Meanwhile, mate I have seen bitcoin transforming the life of an individual for good. Is a wow experience

[BitcoinLoan]

If it will be introduced, buying estate will be very comfortable. I have hope this project will be executed

[joefdavid]

I think it is the right way forward, especially with smart contracts etc making it possible. There a few ICO's already out there for this type of thing but the one I like the most is propthereum.io , done the research of the team and it has good relative experience in the ranks. But as I always say, PLEASE do your own research before investing.

[Maveth13]

There were a lot and I think there still are many ICOs about cryptocurrencies used in real estate. It's nice to think that cryptocurrencies will soon be used widely in a lot of aspects. But in cases like real estate, I think the acceptance of the government over cryptocurrencies would have to come first.

[Rashid555]

yes it is true we can say that real estate is backed by crypto currencies and i think it will be very profitable investment and reasonable for many people. in the previous time people were using paper money and after that credit cards come in to the market now the trend is changed and people are willing to sale and purchase in the crypto currencies and they are happy with this.

[warrior333]

I do not believe that these projects will be implemented. If OP meant the acquisition of real estate it will be very difficult to sell the cryptocurrency for transactions and to prove the lawful origin of these funds. If OP was referring to paying with cryptocurrency for rent that is already there but very little demand. Do not forget that only 1% of the population knows what bitcoin is. What altcoins knows even less people.

[thycrypto]

I actually just saw an atricle of someone selling their home for a couple million in London but it can only be purchased with bitcoin.

[DaddyMonsi]

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

I have heard of a cryptocurrency backed by spot price of Gold (DinarDirham) but a crytocurrency backed by a real estate is quite interesting. Real estate property appreciates too specially if its in a prime location, meaning value is good but once the real estate property is developed, there will be period of time that the value of the property is good.

[vaughn125]

What do you guys think about real estate backed cryptocurrencies ? Looking into them I feel like they are a stable investment with potentially great returns

Hmm... This actually sounds like a great idea. But I'm kind of skeptical about this. Yes, a crypto currency that is backed by real estate is quite appealing and assuring. Because there is physical value included. The thing is, we all know that the government and bitcoins aren't really friends, which can really make thungs messy i think. Plus the way i see it, bamks may do some sht about this or maybe not, because they can still have profit, but still. We'll never know. So i think real estate and crypto currency ain't a good tandem.

[NoiseBoy]

Tokenizing what is basically a REIT sounds like a good way to run into serious problems with securities laws. You're better off just buying a traditional REIT the old fashioned way if exposure to real estate markets is what you want.

[ValoremFoundation]

https://www.sec.gov/news/press-release/2017-185-0

Also, a REIT is a security. Pretty simple. Google Howie test.

[J. Cooper]

Whay do you mean by real estate backed by cryptocurrency? Do you mean buying real estate with crypto? If yes than I agree with you that it's a stable investment but I believe it's a lot better to just hold on to your bitcoins because bitcoin is quite frankly still relatively far from it's full potential right now.

[TimtheYoutuber]

The idea of creating a token to raise funds, doesn't make much sense. I wouldn't invest in any coins out right now that are "backed" by real estate. they have absolutely no utility.


Buying real estate with crypto is a totally different topic