Buying a house with 100% Bitcoin is possible in Portugal - page 5.

gunhell16

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Quote from: Rigon on March 01, 2023, 03:56:17 PM

Quote from: Fariya456 on June 13, 2022, 08:44:34 AM

Bitcoin has now become a legal tender in several countries as Bitcoin is now a viable option to avoid taxes and other fees for buying land that is a good home for investment and things that are good for investment, I'm sure all countries will be able to accept Bitcoin' s presence in the future , But bitcoin is illegal in our Bangladesh, it is very sad for us

Bitcoin is now being traded in all countries around the world. You can earn money working in Bitcoin even from your Bangladesh. You may have to work a little incognito. Although there is a little administrative fear. Still I think there is no such problem to earn money working in Bitcoin from Bangladesh. Even though there is no legal status in Bangladesh, you are simply working there without paying any government tax. Countries where bitcoins are legal have a 30 to 35% tax. But keep in mind that when bitcoin legalization will be officially launched in all countries around the world, I think bitcoin legalization will also be launched in your Bangladesh.

You are correct in what you said, bitcoin is known in all countries around the world today, although it is not included in the stock market, but when it comes to other things, bitcoin can be traded in various trading platforms and even in forex it is also there.

And hopefully, the time will come when no matter which country we are in, bitcoin can be a legal payment option for buying houses and land.

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Quote from: Fuso.hp on March 06, 2023, 11:37:02 PM

Undoubtedly, this news is very positive for Bitcoin. I would especially like to thank the buyer and seller of that house in Portugal for making such a good decision. Hopefully this news will spread worldwide soon and people's confidence and trust in Bitcoin will increase. And in the future people will use Bitcoin for larger transactions. This is how I think Bitcoin will slowly become one of the digital medium of transactions.

There have been a lot of such purchases and transactions in the mainstream world using Bitcoin as a mode of payment in the past. I don't deny the fact that such things contribute positively towards Bitcoin's adoption, but I also think that things will need to be on a higher level from this for the world to realize the real potential of Bitcoin.

Bitcoin is already pretty widespread around every corner of the world, and more than 50% of the world's population must already know what Bitcoin is, but the main thing is adoption and we definitely need more of that in the long run.

bettercrypto

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This is the news I saw in the crypto industry that someone bought a house and land with 3 Bitcoins. Because before, I've seen a project come out here in cryptocurrency that the concept of the project was real estate, but it didn't succeed as far as I know, I can't even remember what year.

But as far as I know, you can actually make a transaction like that where you pay in bitcoin, that depends on if the seller is open to this kind of payment options.

Sarah Azhari

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Quote from: Fuso.hp on March 06, 2023, 11:37:02 PM

Undoubtedly, this news is very positive for Bitcoin. I would especially like to thank the buyer and seller of that house in Portugal for making such a good decision. Hopefully this news will spread worldwide soon and people's confidence and trust in Bitcoin will increase. And in the future people will use Bitcoin for larger transactions. This is how I think Bitcoin will slowly become one of the digital medium of transactions.

yes positive for bitcoin volume transactions, this will not good if the buyer who owns the bitcoin seller has sold out his bitcoin to fiat. of course, this will the same as fiat payment, it will the same if the buyer pays with bitcoin and sold it asap. with this new we only hope he hold the btc or he changes his mind to change investment from property to gold.

Ludmilla_rose1995

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Quote from: Patrol69 on March 03, 2023, 10:48:43 PM

Kudos to both the person selling the home and the person buying the home for making such a great decision. With this transaction I think Bitcoin moved forward a bit more. Currently we see a lot of news related to Bitcoin where big transactions are organized through Bitcoin. I think Bitcoin will touch more new milestones as time goes on.

transacting with bitcoin will definitely be a massive choice for many people in the future because it is very efficient, fast and the fees are cheap. i started selling my old stuff and accept optional payment with bitcoin, even though the majority of the buyers who have bought old stuff i don't understand what bitcoin is but i'm sure in the future it will change. buying a house with bitcoin like in Portugal is brilliant.

Fuso.hp

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Undoubtedly, this news is very positive for Bitcoin. I would especially like to thank the buyer and seller of that house in Portugal for making such a good decision. Hopefully this news will spread worldwide soon and people's confidence and trust in Bitcoin will increase. And in the future people will use Bitcoin for larger transactions. This is how I think Bitcoin will slowly become one of the digital medium of transactions.

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Quote from: Rigon on March 01, 2023, 03:56:17 PM

Quote from: Fariya456 on June 13, 2022, 08:44:34 AM

Bitcoin has now become a legal tender in several countries as Bitcoin is now a viable option to avoid taxes and other fees for buying land that is a good home for investment and things that are good for investment, I'm sure all countries will be able to accept Bitcoin' s presence in the future , But bitcoin is illegal in our Bangladesh, it is very sad for us

Bitcoin is now being traded in all countries around the world. You can earn money working in Bitcoin even from your Bangladesh. You may have to work a little incognito. Although there is a little administrative fear. Still I think there is no such problem to earn money working in Bitcoin from Bangladesh. Even though there is no legal status in Bangladesh, you are simply working there without paying any government tax. Countries where bitcoins are legal have a 30 to 35% tax. But keep in mind that when bitcoin legalization will be officially launched in all countries around the world, I think bitcoin legalization will also be launched in your Bangladesh.

It is true that due to Bitcoin's peer-to-peer system, if any two persons agree to sell something, there is no obstacle. But the current condition of Bangladesh will never be advisable to do such a large transaction through Bitcoin. Because cryptocurrency has been declared strictly illegal here and those who transact through it are currently being arrested.
And since all the people of Bangladesh are still not aware of crypto currency, I think no one in this country will take such big risks to sell their property. So buying a house or property in Bangladesh without any hindrance by Bitcoin will still be very difficult in Bangladesh.

Patrol69

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Kudos to both the person selling the home and the person buying the home for making such a great decision. With this transaction I think Bitcoin moved forward a bit more. Currently we see a lot of news related to Bitcoin where big transactions are organized through Bitcoin. I think Bitcoin will touch more new milestones as time goes on.

NicNacCoin

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Quote from: Rigon on March 01, 2023, 03:56:17 PM

Bitcoin is now being traded in all countries around the world. You can earn money working in Bitcoin even from your Bangladesh. You may have to work a little incognito. Although there is a little administrative fear. Still I think there is no such problem to earn money working in Bitcoin from Bangladesh. Even though there is no legal status in Bangladesh, you are simply working there without paying any government tax. Countries where bitcoins are legal have a 30 to 35% tax. But keep in mind that when bitcoin legalization will be officially launched in all countries around the world, I think bitcoin legalization will also be launched in your Bangladesh.

But it is very difficult to say whether Bitcoin will be legalized in Bangladesh. Bangladesh is technologically far behind compared to the unique countries of the world. 70-80% people of this country don't know about Bitcoin. So when Bitcoin transactions are launched in this country, people of this country will not understand about its valuation. If people don't know the proper use of Bitcoin, they will lose a lot of money by investing there.

Rigon

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Quote from: Fariya456 on June 13, 2022, 08:44:34 AM

Bitcoin has now become a legal tender in several countries as Bitcoin is now a viable option to avoid taxes and other fees for buying land that is a good home for investment and things that are good for investment, I'm sure all countries will be able to accept Bitcoin' s presence in the future , But bitcoin is illegal in our Bangladesh, it is very sad for us

Bitcoin is now being traded in all countries around the world. You can earn money working in Bitcoin even from your Bangladesh. You may have to work a little incognito. Although there is a little administrative fear. Still I think there is no such problem to earn money working in Bitcoin from Bangladesh. Even though there is no legal status in Bangladesh, you are simply working there without paying any government tax. Countries where bitcoins are legal have a 30 to 35% tax. But keep in mind that when bitcoin legalization will be officially launched in all countries around the world, I think bitcoin legalization will also be launched in your Bangladesh.

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Quote from: Mr.right85 on February 22, 2023, 01:54:50 PM

The idea at the moment, at least for most persons remains that you should hold. The more your able to hold as per volume and time, the more your likely to benefit from your holding as per multiples.

So, would we really ant to go down that lane at the moment?
Am not so sure I would but, when it comes to petty transactions, its a lot easier not to think the profit that would have come with it.

I think this has been the problem for greater adoption of Bitcoin for transactions. While you are always thinking that the amount spent today will be worth more or less tomorrow, you never come out at the same level.

You have to start not thinking about it all the time. We don't know the future, the purchase is today and that's what we have to think about.

Mr.right85

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Quote from: virasog on February 22, 2023, 01:22:34 PM

Quote from: albon on February 21, 2023, 01:29:38 PM

The future of Bitcoin and cryptocurrencies will, with time, shine, and all countries of the world will adopt this industry, and people will be able to use Crypto as a payment method in their real life in any of their financial dealings; it is only a matter of time before this dependence prevail.

I hope this bitcoin adoption take place quickly so people like us can also buy houses, plot, and other things using crypto. Till that time, we only have one option to first convert bitcoin into fiat and then buy from that converted cash.

You know, the question on my mind right is;
Even should bitcoin be approved to be used in such large transactions, are people really getting down with it, using it to transact?

The idea at the moment, at least for most persons remains that you should hold. The more your able to hold as per volume and time, the more your likely to benefit from your holding as per multiples.

So, would we really ant to go down that lane at the moment?
Am not so sure I would but, when it comes to petty transactions, its a lot easier not to think the profit that would have come with it.

virasog

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Quote from: Lida93 on February 21, 2023, 06:08:31 AM

Part of the reasons why most government opposes the use of bitcoin as means of exchange in their country is due to the tax free fees transactions associated with BTC unlike the traditional banking process with fiat money. And almost all government in the world depends on taxes and internally generated revenues. Perhaps the reason they're against digital decentralized currency operations.

Governments are afraid of bitcoin because they think that they can't track how much crypto everyone has and also they can't collect taxes on it. They are wrong because the bitcoin blockchain is like an open ledger and every transaction and wallet can be traced.

Quote from: albon on February 21, 2023, 01:29:38 PM

The future of Bitcoin and cryptocurrencies will, with time, shine, and all countries of the world will adopt this industry, and people will be able to use Crypto as a payment method in their real life in any of their financial dealings; it is only a matter of time before this dependence prevail.

I hope this bitcoin adoption take place quickly so people like us can also buy houses, plot, and other things using crypto. Till that time, we only have one option to first convert bitcoin into fiat and then buy from that converted cash.

albon

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Quote from: joker_josue on May 18, 2022, 06:35:25 AM

At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.

It is excellent to buy a house with bitcoins in Portugal since Portugal is a country that is friendly to cryptocurrencies, it treats bitcoin as any other currency, it is a form of payment, and it is an entirely tax-exempt asset, Portugal ranked first in the best places to live in a survey last year for one of the sites, and it is a suitable country for buying real estate and living in it, and Portugal is working to be one of the most innovative European countries in technology and economy, and it is worth noting that Portugal is not the only one that is friendly to Bitcoin, there are Germany, Malta, and Switzerland.

The future of Bitcoin and cryptocurrencies will, with time, shine, and all countries of the world will adopt this industry, and people will be able to use Crypto as a payment method in their real life in any of their financial dealings; it is only a matter of time before this dependence prevail.

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Quote from: Agwu on December 30, 2022, 05:28:14 AM

Quote from: joker_josue on May 18, 2022, 06:35:25 AM

At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.

You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto

But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.

Cryptohouses

In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.

___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.

Wow! This is good I wish my country will support the use of btc as a means of exchange. It will also help those of us that are still small traders to maintain the use and hold of cryptocurrency. Imagine using btc to buy goods worth as little as $100, I will be save from any inconveniences associated with the banks.

Part of the reasons why most government opposes the use of bitcoin as means of exchange in their country is due to the tax free fees transactions associated with BTC unlike the traditional banking process with fiat money. And almost all government in the world depends on taxes and internally generated revenues. Perhaps the reason they're against digital decentralized currency operations.

tjtonmoy

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Involvement of Government in BTC transaction somewhat makes it non-acceptable as BTC is meant to be a P2P transaction coin.

Quote

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Involvement of third man in here make me sad, but as it is a transaction where laws are involved, so it makes sense. Without this, you can't hand over one's property to someone. And if someone makes an accusation of fraud or hijacking their property, without proper documents you can't defend yourself.
Now it is what it is. If this is how BTC will spread all around the world, then I have no complaint about it. It is a good thing.
I am wondering when my country will allow us to use BTC.

joker_josue

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Quote from: Agwu on December 30, 2022, 05:28:14 AM

Wow! This is good I wish my country will support the use of btc as a means of exchange. It will also help those of us that are still small traders to maintain the use and hold of cryptocurrency. Imagine using btc to buy goods worth as little as $100, I will be save from any inconveniences associated with the banks.

This is possible anywhere in the world as long as the merchant accepts BTC.
Hence everyone's work, we try to motivate merchants to adopt Bitcoin as a means of payment.

Agwu

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Quote from: joker_josue on May 18, 2022, 06:35:25 AM

At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.

You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto

But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.

Cryptohouses

In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.

___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.

Wow! This is good I wish my country will support the use of btc as a means of exchange. It will also help those of us that are still small traders to maintain the use and hold of cryptocurrency. Imagine using btc to buy goods worth as little as $100, I will be save from any inconveniences associated with the banks.

joker_josue

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Quote from: uneng on December 29, 2022, 03:04:33 PM

Yes, it's much more convenient to not have to exchange crypto to fiat, so you avoid conversion and withdrawal fees. For someone who is actively working with crypto, dealing with bitcoin all the time it's great, especially if this person is coming from a foreigner country to Portugal, what must be the situation of many called digital nomads.

I imagine that to bring fiat from one country to another in order to settle yourself there as citizen is much more bureaucratic than bringing bitcoin.

Especially because converting large amounts of BTC at once can complicate the entry of money into fiat in traditional banking. Since they usually want to know the origin of the money, due to legislation against tax fraud and money laundering. It is not always easy to justify the BTC source money, especially if it is very large amounts or from the first holders.

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Quote from: joker_josue on December 12, 2022, 01:43:39 PM

Quote from: Chrlie95 on December 12, 2022, 10:22:39 AM

This makes no difference to me especially when the prices of properties are fixed on fiat values. I can simply exchange my crypto to buy a house. And most importantly, taxes are still paid with fiat. I see this helps with exchanging but we still have to do exchanges to pay taxes and stuff.

I think the main focus should be on governments instead of free market.

This is true in a way.

But it also allows you not to have to make an immediate exchange of so much money at the same time.
It's easier to convert $1k or $2k to pay taxes instead of having to convert $200k to pay the house.

Yes, it's much more convenient to not have to exchange crypto to fiat, so you avoid conversion and withdrawal fees. For someone who is actively working with crypto, dealing with bitcoin all the time it's great, especially if this person is coming from a foreigner country to Portugal, what must be the situation of many called digital nomads.

I imagine that to bring fiat from one country to another in order to settle yourself there as citizen is much more bureaucratic than bringing bitcoin.

Topic: Buying a house with 100% Bitcoin is possible in Portugal - page 5. (Read 1977 times)