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Topic: Bitcoin or Property? What might be the best investment? - page 35. (Read 2685 times)

Btcmicel

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Quote from: Manarfie.asrf on July 09, 2018, 02:43:36 AM

I think for now it is already a lot of investing bitcoin, but there are still many people who are still afraid to invest bitcoin because we know the bitcoin itself has a fluctuating and unpredictable value, so they prefer to invest property in installments of course , because they think that way they can have a house,

In property there is a big assurance because you can touch and see your investment. But if you want a big profits and you want an interest with your investment, then you should go for bitcoin.

Dudeperfect

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To be honest, the answer to this question is subjective and thus will differ from person to person. Each and every investment has its own pros and cons, every investment has its own risk level. Let's be honest, when it comes to the cryptocurrencies it is something that has the highest risk at this point but on the other hand, there is a probability of getting exponential returns that property might not give even in next hundred years. Personally, I would go with diversification method as far as I can afford the investment in property without taking a loan at a high-interest rate.

Manarfie.asrf

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swabelang

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I guess, Bitcoin, investing in bitcoin can buy a property. Just be patient of waiting, i mean waiting for a large amount of value of bitcoin. When the value of bitcoin increases then your investments also and you have a big amount of money if you withdraw it then buy a property.

NeuroticFish

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Quote from: Kakmakr on July 09, 2018, 01:53:59 AM

Their argument is, rent a smaller and more affordable property at a lower monthly rent as what you would have paid on a big house and invest the "savings" into high risk investments like Bitcoin.

They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea. Roll Eyes

Usually a property's price should still grow in time. Also you recover some of the investment if you rent it (especially if you have another place to live).
Maintenance costs, indeed. But if the house needs more maintenance it means you've bought it cheaper and if you maintain it well its price will rise even more.
Of course, we'll rule out the cases you do bad business and the ones that'll live in that house will pay less than the damage done.

All in all, it depends of the country. In my country buying houses is a good business, since people are used to have their own house (or flat). So if you want to sell it afterwards, it can easily be done. In other countries people go easier with just renting where they want to leave, being more mobile and having less problems with maintenance and stuff.

My idea is that's better to buy something which price will safely grow and have cryptocurrency as a side investment for "jackpot".

FOuRTuNEHunTeR

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For small time investors, I would suggest investing to BTC first. You just have to keep in mind to store your BTC to a safer device and that is on a hard wallet. BTC gives you a passive income unlike buying a properties where the interest will be received by the seller. You just have to invest to BTC and other cryptocurrencies intelligently top maximize your profit.

wireless1889

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Quote from: Kakmakr on July 09, 2018, 01:32:42 AM

We had a very interesting discussion over the weekend and people debated if it was better to invest in property or to invest in Bitcoin. The argument was as follows :

1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest}

The argument is also that the property has to increase in value, with more than $900 000 for you to say that it was a good investment AND you have to sell that property to get that profit.

2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time.

I think paying a high interest rate to a Bank is just as bad as paying rent to a Landlord, because you are getting screwed in both these circumstances. Angry

We all want to live in big houses that we cannot afford. Roll Eyes

But with the help of bitcoin we can afford. For a small start up money used to invest in bitcoin we can earn double or maybe tripled to what we have invested. This is a cheap way to earn money, where no loans is needed just a small amount of your savings or a part of wages will do. Investing in property may be a lifetime investment but we all know that it takes lot of time and effort to gain the profit there, but with bitcoin it is easier. More effective and efficient.

Kakmakr

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Quote from: mocacinno on July 09, 2018, 02:04:52 AM

Quote from: Kakmakr on July 09, 2018, 01:53:59 AM

--snip--

Yea, the figures I used was just a thumb suck scenario and probably grossly exaggerated. Most people are not as lucky as you to deduct your home loan payments for tax purposes. You from Europe? / UK / USA / Asia / Africa?

Based on last years growth of over 800% in one year from my Bitcoin investment, I would have been able to buy that house from the profit I made in 1 year.

Some people are even saying that it would be better to save that money in a Bank at a fixed interest rate.

I'm from the EU... And yeah, i do realise i'm pretty lucky i can deduct my intrest from my taxes
In the end, for me it's pretty simple: i have a kid, it's my duty to make sure she has a roof over her head, food on her plate, gets a good education, can go to a doctor when she's ill... I realise that if i'd invested all my money into crypto when i first heared about it, i would have been rich by now, but like NeuroticFish said: it's a high risk investment, and i don't gamble with the health or happiness of my kid. If i'd invested everything into crypto, i could have lost everything, and by now i could have been living in a social housing block. I realise that i missed out on really big profits, but at least my kid will have a house when i'm gone

Ok, you are falling in the 90%+ category of people who are old school. The younger generation are not thinking about these things, like we do.

My cousin started working a few years ago and he has no debt. He saves up all his money to travel the world for a month, every year. He makes use of public transport and rent a small 1 bedroom apartment. We were told to acquire assets from a very early age, to live like kings when we are old.

So the way people approach live is different and the younger generation still have time to take on high risk investments.

mocacinno

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 02:04:52 AM

#7

Quote from: Kakmakr on July 09, 2018, 01:53:59 AM
--snip--

Yea, the figures I used was just a thumb suck scenario and probably grossly exaggerated. Most people are not as lucky as you to deduct your home loan payments for tax purposes. You from Europe? / UK / USA / Asia / Africa?

Based on last years growth of over 800% in one year from my Bitcoin investment, I would have been able to buy that house from the profit I made in 1 year.

Some people are even saying that it would be better to save that money in a Bank at a fixed interest rate.

I'm from the EU... And yeah, i do realise i'm pretty lucky i can deduct my intrest from my taxes
In the end, for me it's pretty simple: i have a kid, it's my duty to make sure she has a roof over her head, food on her plate, gets a good education, can go to a doctor when she's ill... I realise that if i'd invested all my money into crypto when i first heared about it, i would have been rich by now, but like NeuroticFish said: it's a high risk investment, and i don't gamble with the health or happiness of my kid. If i'd invested everything into crypto, i could have lost everything, and by now i could have been living in a social housing block. I realise that i missed out on really big profits, but at least my kid will have a house when i'm gone

Hirikama29

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 02:04:07 AM

#6

i like to invest in bitcoin it will give me the property whether you have views like me? Since my property will be transformed into bitcoin and bitcoin will leave the property it generates more property for me when I invest in it.

ginobitcoiner

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 02:02:49 AM

#5

nowadays there may still be many people think that property becomes the best investment, but some people are now switching to bitcoin. personally although I am involved in crypto currency I think investing in property will be safer with less risk than you invest in bitcoin

Kakmakr

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 01:53:59 AM

#4

Quote from: mocacinno on July 09, 2018, 01:36:19 AM
Quote from: Kakmakr on July 09, 2018, 01:32:42 AM
We had a very interesting discussion over the weekend and people debated if it was better to invest in property or to invest in Bitcoin. The argument was as follows :

1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest}

The argument is also that the property has to increase in value, with more than $900 000 for you to say that it was a good investment AND you have to sell that property to get that profit.

2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time.

I think paying a high interest rate to a Bank is just as bad as paying rent to a Landlord, because you are getting screwed in both these circumstances.

Well, if you'd pay $900.000 intrest on a $100.000 loan over 20 years, you should switch banks immediately
I took a loan of €150.000 over 20 years when i bought my house 10 years ago, in the end i'll have to pay about €40.000 intrest, but i can deduct this intrest from my taxes, so in the end i'll pay about €20.000 out of pocket to loan €150.000 for 20 years (this are approximate numbers).

I'm a big fan of crypto, but i'd personally rather have a house to live in than a big fat crypto wallet... I guess i'm to oldfashioned
I do realise i can get a lot more profit when i would have invested all my money into crypto, but you can't live in your wallet...

Yea, the figures I used was just a thumb suck scenario and probably grossly exaggerated. Most people are not as lucky as you to deduct your home loan payments for tax purposes. You from Europe? / UK / USA / Asia / Africa?

Based on last years growth of over 800% in one year from my Bitcoin investment, I would have been able to buy that house from the profit I made in 1 year.

Some people are even saying that it would be better to save that money in a Bank at a fixed interest rate.

Quote from: NeuroticFish on July 09, 2018, 01:52:14 AM
Quote from: Kakmakr on July 09, 2018, 01:32:42 AM
We all want to live in big houses that we cannot afford.

We are all Bitcoin enthusiasts here, however, Bitcoin is, let's face it, a high risk investment.

If you bought Bitcoin at 200$ (or 2$!) and sold at 19000$, the road to "big house" is easy. But most don't do that, exactly because they don't afford to do that.
And if you have to watch your investment scared that you may be losing money, like many who bought at 12k-19k last December, then you better stick on smaller goals.

The best approach imho is to achieve something stable you can afford with the traditional way, even a loan in the bank, and invest only some surplus "you can afford to lose" into crypto.
Of course, the bank loan doesn't have to be too big and nearly impossible to be paid. And then, whenever the crypto currencies grow big enough for your needs, you can pay the loan. This may happen in a year, or 10, or not at all. If the loan is paid with the help of crypto, then you can dream for something even bigger. One step at a time.

Their argument is, rent a smaller and more affordable property at a lower monthly rent as what you would have paid on a big house and invest the "savings" into high risk investments like Bitcoin.

They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea.

NeuroticFish

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 01:52:14 AM

#3

Quote from: Kakmakr on July 09, 2018, 01:32:42 AM
We all want to live in big houses that we cannot afford.

We are all Bitcoin enthusiasts here, however, Bitcoin is, let's face it, a high risk investment.

If you bought Bitcoin at 200$ (or 2$!) and sold at 19000$, the road to "big house" is easy. But most don't do that, exactly because they don't afford to do that.
And if you have to watch your investment scared that you may be losing money, like many who bought at 12k-19k last December, then you better stick on smaller goals.

The best approach imho is to achieve something stable you can afford with the traditional way, even a loan in the bank, and invest only some surplus "you can afford to lose" into crypto.
Of course, the bank loan doesn't have to be too big and nearly impossible to be paid. And then, whenever the crypto currencies grow big enough for your needs, you can pay the loan. This may happen in a year, or 10, or not at all. If the loan is paid with the help of crypto, then you can dream for something even bigger. One step at a time.

mocacinno

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 01:36:19 AM

#2

Quote from: Kakmakr on July 09, 2018, 01:32:42 AM
We had a very interesting discussion over the weekend and people debated if it was better to invest in property or to invest in Bitcoin. The argument was as follows :

1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest}

The argument is also that the property has to increase in value, with more than $900 000 for you to say that it was a good investment AND you have to sell that property to get that profit.

2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time.

I think paying a high interest rate to a Bank is just as bad as paying rent to a Landlord, because you are getting screwed in both these circumstances.

Well, if you'd pay $900.000 intrest on a $100.000 loan over 20 years, you should switch banks immediately
I took a loan of €150.000 over 20 years when i bought my house 10 years ago, in the end i'll have to pay about €40.000 intrest, but i can deduct this intrest from my taxes, so in the end i'll pay about €20.000 out of pocket to loan €150.000 for 20 years (this are approximate numbers).

I'm a big fan of crypto, but i'd personally rather have a house to live in than a big fat crypto wallet... I guess i'm to oldfashioned
I do realise i can get a lot more profit when i would have invested all my money into crypto, but you can't live in your wallet...

Kakmakr

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Re: Bitcoin or Property? What might be the best investment?

July 09, 2018, 01:32:42 AM

#1

We had a very interesting discussion over the weekend and people debated if it was better to invest in property or to invest in Bitcoin. The argument was as follows :

1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest}

The argument is also that the property has to increase in value, with more than $900 000 for you to say that it was a good investment AND you have to sell that property to get that profit.

2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time.

I think paying a high interest rate to a Bank is just as bad as paying rent to a Landlord, because you are getting screwed in both these circumstances.

We all want to live in big houses that we cannot afford.