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Author Topic: What can 1 Bitcoin buy in your country?  (Read 4283 times)
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October 22, 2021, 03:21:28 AM
Merited by The Sceptical Chymist (4), JayJuanGee (1), LoyceV (1), dkbit98 (1)
 #41

In the country where I live the price of 1 BTC is huge. based on the selling value of the property, I can buy a house, motorbike and car. even if calculated with my salary in the real world - more or less I have to work hard for 7 years to equal the current price of 1 BTC  Roll Eyes


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October 22, 2021, 06:12:04 AM
Merited by The Sceptical Chymist (3), JayJuanGee (1), LoyceV (1)
 #42

Interesting!
At current price, 1 BTC = 5.3m ($62800) BDT though it should be a little higher.
According to nationsencyclopedia, 20% richest people control 42% wealth while 40% poor people have 20% of the wealth only. I could have given a better picture if there's a stat on the classification of rich/poor by holding wealth amount.
However, BDT 5.3 million is somewhat a big amount and anyone can easily be settled with a business here. I believe 60% people don't have this amount of wealth.
Anyway, in Bangladesh, land and house properties are something people want to own. Anyone having an apartment in Dhaka considered as rich person. And you can have that with 1 BTC at current price. You can get an apartment of 1060 square feet in Kafrul.
However, in my case, I would be pretty happy to buy a small island instead of this land, house property etc.

This is one reason I hate to be in Dhaka and I don’t want to own such worst property, talking about all these electricity and other cable. Well there are better places like Dhanmondi, Gulshan but they are too costly to own. In fact, im my opinion, that's a waste of money. That's why I want to own an Island and build everything as my wish  Cheesy

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October 22, 2021, 10:18:14 AM
Merited by The Sceptical Chymist (4), Symmetrick (2), JayJuanGee (1), LoyceV (1), Lucius (1), Davidvictorson (1)
 #43

At current price, One bitcoin will equal 27,350,000 NGN. Because of my taste, I'd rather build a house than buy a house. With 21 million naira, i believe i can get a portable piece of land and erect a modern standard portable 3 bedroom. I have searched on Pinterest and found a portable house plan i think will fall around that budget.

Source

Since i have upgraded my societal status by becoming a land/house owner, a car is very appropriate. A car dealer on my contact posted pictures of a toyota Avalon for sale, value is 3 million naira.



The interior is still very neat, and engine in great condition.


The amount i have left, will be invested into getting more and sustaining the new lifestyle.

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October 23, 2021, 09:35:20 AM
Last edit: October 23, 2021, 09:51:34 AM by Gozie51
Merited by Symmetrick (5), The Sceptical Chymist (4), JayJuanGee (1), LoyceV (1), Mpamaegbu (1)
 #44

Having a bitcoin should be a source of reinvestment because it is already a capital in disguise lol, a huge capital to say the least. At the time of writing, a bitcoin is $61,108 and that is close to 26million in Naira (Nigeria fiat currency) Here

Now investing in a land in Nigeria is one big business to do with bitcoin. A land unlike cars don't deprecate rather it increases in value and worth with development and amenities coming around it.
So buying a plot of land with measurement of 100 by 50 in feet like the one represented below in chart in that location is definitely a good further hodl in land for bitcoin converted into fiat  Grin



The piece of land above in that area at the time now is worth 7,000, that is about 4,000,000 in Naira and with the rate of bitcoin you can buy 6 or 7 of such plot and continue to hodl. But this same plot of land last year was priced at 3,000,000 and previous year in 2019 was 2,300,000 and which means it has potential steady increase to the rate of a million naira yearly. This plot has finished edifices of houses surrounding it costing around 35,000,000 - 40,000,000 (between $60,000 to $70,000,000).
The rate of increase is basically around $2,000,000 yearly, going with 6 pieces is $12,000 already. and so it is a good ROI if hodling one bitcoin in plots of lands.

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October 23, 2021, 01:51:44 PM
Last edit: May 24, 2023, 10:20:10 AM by Lucius
Merited by JayJuanGee (1), LoyceV (1), Luqman (1)
 #45

I have to admit that I am surprised with real estate prices in some countries, because for 1 BTC which is currently around $60k or 50k+ EUR you can buy a dream house + a good car, and you still have money left to make a party. For example, for 1 BTC I can't buy any luxury house or apartment, maybe something average in a less good location. But here are a few examples that I found interesting.

Stone house on the island of Lastovo - price around 50k EUR.


Source


Holiday house, in the countryside - price around 50k EUR.


Source

And when Bitcoin is worth x10 + one day, I might be able to afford something like this Cheesy

Modern villa with pool, 20km from the city of Split -price 630 000 EUR. 800 000 EUR


Source

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October 23, 2021, 02:06:11 PM
 #46

 
Snip.





Honestly in my country 1BTC is make you multi millionaire you can buy what you want. If you have  1btc then you can have this.






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October 23, 2021, 02:10:41 PM
Merited by JayJuanGee (1), LoyceV (1), dkbit98 (1), Awaklara (1)
 #47

I guess a lot depends on location. I am US based, but @ $61500 at the moment if you want to live in the middle of nowhere you can get this  and have enough left over for a nice vacation and some money furniture and renovations:



That same 1BTC will not even get you in the door in a major or even minor city in the US.
So it does come down to location.

-Dave

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October 23, 2021, 03:49:42 PM
Merited by The Sceptical Chymist (3), JayJuanGee (1), LoyceV (1)
 #48

As someone who lives in a third-world country, most of the property and things here are relatively cheap. With 1 BTC (approximately $60,000), it could purchase you here in the Philippines a good condominium unit! In addition, 1 BTC could make wonders in your life especially that most of the people here are living the below-average income threshold.

Just to give you an example, 1 BTC could garner you this:



Disclaimer: this photo is for research purposes only and it was taken from this website: https://www.airbnb.com/rooms/41298454?source_impression_id=p3_1635003996_%2B46NlprmzeNUdI9D

R


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October 26, 2021, 04:16:06 PM
Merited by The Sceptical Chymist (3), adiebitsler (2), JayJuanGee (1), LoyceV (1), Husna QA (1), YOSHIE (1), Uang_kartal (1)
 #49

In my country live 1 Bitcoin equals 884,000,000 IDR. With that much wealth I can buy a simple minimalist house 300,000,000 IDR.






Owning a private car is also everyone dream, for means of transportation I prefer a cheap car which is comfortable 180,000,000 IDR.






The biggest dream in my life is to help other people. Some of the remaining money I have will be donated to an orphanage that accommodates poor children.
Seeing them smile will be the happiness of my whole life.



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October 26, 2021, 06:13:03 PM
Merited by JayJuanGee (1), LoyceV (1)
 #50

Currently with the way things are in my country Nigeria currently, with the current price of bitcoin I believe i can acquire lot's of properties with 1 bitcon. 1 bitcoin currently in my country's currency worth around 25.5 million naira You can acquire a standard house worth 15 million naira and a luxury car Worth 5 million and you will still have extral money remaining to leave a comfortable life.

Image of the house.


Price 15 million
Source: https://nigerianbuildingdesigns.com/product/4-bedroom-bungalow-rf-4028/


Image of the car front view.


Image of the car interior view.


Image of the car back view.

Price: 4 million
Source: https://jiji.ng/ajah/cars/mercedes-benz-e350-2012-silver-kF4WGSeOPsE044y4W7P7p1rl.html?lid=ZFAD58U6keDFxA9h&cur_pos=5&pos=5&ads_count=23&ads_per_page=23&page=1

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October 27, 2021, 04:12:17 AM
Merited by JayJuanGee (1), LoyceV (1)
 #51

where I come from, 1 btc is a good amount, where you can easily buy a plot and build a wonderful house, with all amenities and modern design.For example this



source: google, internet:)
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November 01, 2021, 07:23:58 AM
Merited by JayJuanGee (1), LoyceV (1)
 #52

it's been my dream to live a peaceful life in a peaceful place, with 1 bitcoin, that is equivalent to more or less Php 3 million pesos which is enough to buy farmland where I can put my small house and put some crops so my family will not be hungry, it will be sustainable for a small family and a little business to support the education of the children and other necessities.


source : https://www.lamudi.com.ph/for-sale-farm-lot-near-the-beach-in-puerto-princesa-palawan-with-clean-title.html

The land area is 1 hectare and is located in the travel destination of the Philippines Puerto Princesa, and I also made a research about the standard of living in this area and happy to know that the food especially the fish are very cheap.

as shared by this tweeter user - https://twitter.com/chinogaston/status/1274164094002556929/photo/4\\


2 USD per kilo




less than a dollar per kilo




1.40 USD per kilo



With that cheap food, I can have a cheap living and I'll probably be living financially free while I'm busy doing some jobs in the crypto space.

Currently, I'm living in a city but I'm willing to transfer to this place once I make 1 bitcoin from working and from investing.

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November 01, 2021, 09:49:11 AM
Merited by LoyceV (1)
 #53


This house design is worth around Php 2m (around $40,000)
that's barely even a 1 Btc price. You still buy a car like Toyota Vios or anything like that that doesn't cost more than a million Pesos.

https://homes.trovit.ph/3-million-pesos-cebu
here are some of the model houses that costs no more than 1Btc in the Philippines.
The cost of a house and lot depends on the location. A 1Btc worth of house will be a very luxurious and huge house in a rural areas compared to the houses built in urban areas where the city is very accessible.

If you own 1 Btc in the Philippines that's basically equivalent to a beautiful house a lot and a car.
However, If I happen to own a whole piece of Bitcoin, I might not buy these kind of luxuries rather I'd like to put up a business where I can grow financially long term.

R


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November 01, 2021, 07:55:52 PM
Merited by JayJuanGee (1), LoyceV (1)
 #54

Regards houses and properties it really depends on the area where you are looking. Even in a poor third world country you can find some abusive prices for disgusting places, especially at big urban centers. I was searching some offers on the internet and have found a place very similar to the one displayed in the picture below (I think I shouldn't post the original for ownership reasons, so that is the royalty free version):



The price is around 1 bitcoin. It's insane to imagine someone would pay such amount for a place like this. Cheesy

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November 04, 2021, 11:14:22 AM
Merited by JayJuanGee (1), LoyceV (1)
 #55


In my current country (04 November 2021) 1 bitcoin is (we can see from the calculations in the Data provided by Morningstar for Currency and Coinbase for Cryptocurrency) as follows;



Taken from a buying and selling site located in my country, the site is ; https://www.rumah123.com

If with that much money it is clear that to buy a house, many are priced below 1 bitcoin, but many are also more than 1 bitcoin, because depends on the area where the house is located.
but I will try to look from the site for buying and selling houses and adjusted to the price, or at least close.

The entrance gate to the housing;



The house price is close to value with 1 bitcoin ;
House Type



House Sketch / Specification




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November 11, 2021, 03:44:25 PM
Merited by JayJuanGee (1), LoyceV (1)
 #56


In my country with 1 Bitcoin you can buy a quarter hectare of land that can grow all kinds of crops like onions. Unfortunately in my country Bitcoin is not legalized yet, so if you want to buy a plot of land, you have to sell bitcoin to fiat first.
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November 12, 2021, 06:51:54 AM
Last edit: May 16, 2023, 02:52:44 AM by pawanjain
Merited by JayJuanGee (1), LoyceV (1)
 #57

Current price of 1 bitcoin in India is around 49,00,000 INR and with that kind of amount we can buy all the below things.

Buying a plot and building your home can cost around 40,00,000 INR.
Renault Kiger car can be bought around 5,70,000 INR
KTM Duke 125 can be bought around 1,30,000 INR
Macbook Pro 13 can be bought around 1,20,000 INR
Apple Iphone 13 can be bought for 80,000 INR

House in India


Renault Kiger Car


KTM Duke 125


Macbook pro 13


Apple Iphone 13


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November 12, 2021, 05:05:34 PM
Last edit: November 12, 2021, 05:18:21 PM by Welsh
Merited by JayJuanGee (1), LoyceV (1)
 #58



Using your original price of 1 BTC = 44,250 GBP (which has since gone up).

I can buy 177000 Freddo's with one Bitcoin, Freddo's being a national treasure over here. At least, back when they were like 5p.




However, for Wales specific if anyone wants to buy 1 Bitcoin worth of home made Welsh Cakes, hit me up. I think I can probably make them for around 40p each, I'd have to do some calculating though. I only sell them by the 1 BTC worth's though unfortunately.

So, around 110,625 Welsh cakes.


Disclaimer: Welsh cakes order can't be delivered all at once



It's quite mad seeing how people are listing houses here, in Wales which has historically been a little cheaper for housing in history (except for post Covid boom) 44k is only going to get you half a house, and that would have to be in the valleys, and would likely need a lot of work done to it, and definitely doesn't look like the houses being posted here.

40k is a decent deposit for a mortgage here though.
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November 13, 2021, 03:19:17 PM
Merited by JayJuanGee (1), LoyceV (1)
 #59

Although I agree with some of the reports above that the cost of living in almost all countries is extremely high and incomes leave much to be desired (not to mention the communal services). But still, I propose to be realistic, since one bitcoin is not so much for a normal real estate (unless of course you live in the wilderness). Below, the published options for real estate are essentially budgetary and tasteless houses, since I live not far from the sea.  Tongue

  • House with all central communications. 3 rooms, 40 minutes from the sea. [1,06 BTC]



  • House without interior decoration, 4 rooms, away from any infrastructure, 40 minutes from the sea. [1,15 BTC]



  • There are all communications and interior decoration, located in a picturesque place, next to the infrastructure. [1,25 BTC]



In fact, the apartments are much cheaper (100 square meters with excellent renovation) but I prefer to live in a house.

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November 16, 2021, 12:58:55 PM
Merited by JayJuanGee (1), LoyceV (1), Symmetrick (1)
 #60

As of this time, 1 BTC here in the Philippines could buy a big sized land property like this one below.



The picture above is fully mine which was taken by my phone’s camera last year. The location was in the mountain part where my family have rented a land space for us to build our rest house or cabin. However, we do have plans of fully purchasing this land in the near future.

The picture was originally have fighting cocks but now because of renting the land, we cleared it out and just simply planting vegetables.

It’s my dream to buy my own land using my own money from Bitcoin and other cryptocurrencies.


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