Topic: If Bitcoin goes up very high should i buy a house? - page 101. (Read 133923 times)
If someone would to sell for bitcoins and i need a house could be an option, but now i'm not thinking about investing in a house.
If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!
Yeah i know but maybe not on this next bull run. Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure.
That's too much of a bull run even if we have the halving next year. Everyone would have sold before that comes that the price would come crashing back to where we are now.
@ontopic, why a house? A much better option would be something income generating - like a franchise.
or a trailer. Why spend so much on a house you cant even drive with you. You spend only 10% and buy supedooper trailer. And then you are like on vacations all teh tiem and you can visit many Bitcoin conventions every year.
If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
@OP .. it depends on your number of bitcoins. I would say sell them at 300 or 400$s. If you have enough bitcoins to buy a house then sell them because the price of the property always increases . OR you can give your house for rent to make money
\buying a house is the best idea
Dude no way i sell anything @ $300-$400 im looking for new ATHs before i'd even consider selling anything. If it dies because i held too long then so be it, rather take a chance, i have an income so dont matter.
If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
@OP .. it depends on your number of bitcoins. I would say sell them at 300 or 400$s. If you have enough bitcoins to buy a house then sell them because the price of the property always increases . OR you can give your house for rent to make money
\buying a house is the best idea
If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
Since im self employed i think i get something like 20% captial gains tax in the UK on any cashed bitcoin so yeah its going to suck.
Will just be a very small place for cheap because thats all you really get in the UK unlesss you have $300k+. No way i sell all my coin ever.
Anyway i need a very high price but i think its coming.
Yes OP, you should buy it. Renting sucks. You are basically giving money away to somebody even though they let you live in it I know, but that 1st of every month comes very, very fast.
To have your own home is the best thing you can do and invest into. This is also a first thing that every smart man should invest into. Screw the cars, going out, nice clothes, etc.
To have your own home is the best thing you can do and invest into. This is also a first thing that every smart man should invest into. Screw the cars, going out, nice clothes, etc.
Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.
Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.
Is it really that hard to do some calculations by youre self? That 10k coins is a indicator just like when BTC was worth $0.10-$1-$10-$100-$1000.
I would buy a house for fore. I am still living on rent and you always have the innate fear of getting kicked out. I would love to be queen of my castle but what I would do is use part of the btc to buy a house or sell most of it then if it went down again and was bearish then I would buy more cheap coins, rinse and repeat..
If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
It is good to have a house so you don't need to pay rent. Make sure it is in a good location that will keep its value.
Perhaps you should look into building it yourself.
Perhaps you should look into building it yourself.
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Where i live in UK the market is pumped to the sky.
but how much could it really crash, down by half at best? not like a bitcoin crash, the land will always be worth something even if the bricks aren't.
Where i live in UK the market is pumped to the sky.
but how much could it really crash, down by half at best? not like a bitcoin crash, the land will always be worth something even if the bricks aren't.Market in UK is not even that big. I am surprised than it is so hard to buy or trade bitcoin in England.
They have some really strict exchange politics and fees are ridiculous compared to other countries.
I don't think that GBP bitcoin market has a great impact on bitcoin price.
Read before replying.
The post you've quoted refers to property market in the UK, not Bitcoin market.
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Where i live in UK the market is pumped to the sky. but how much could it really crash, down by half at best? not like a bitcoin crash, the land will always be worth something even if the bricks aren't.
Where i live in UK the market is pumped to the sky.
but how much could it really crash, down by half at best? not like a bitcoin crash, the land will always be worth something even if the bricks aren't.Market in UK is not even that big. I am surprised than it is so hard to buy or trade bitcoin in England.
They have some really strict exchange politics and fees are ridiculous compared to other countries.
I don't think that GBP bitcoin market has a great impact on bitcoin price.
You should. Buy an apartment in one of the biggest cities if possible and you're set. Unlike a house, you'll always be able to rent or sell it.
Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.
Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.
Real estate investments are good to have in your portfolio. I will most definitely do the same if the price gets high enough for me to afford a house.
Yes say if you bought bitcoins at worth of a car and
now it's worth is such that you can buy a house then
sure go for it
else store and hold bitcoins as much as you can and cashout when it's 2000x in value when you bought it.
now it's worth is such that you can buy a house then
sure go for it
else store and hold bitcoins as much as you can and cashout when it's 2000x in value when you bought it.
Your should use your bitcoin directly to buy the house instead of converting to fiat and then use it to pay. It's your bitcoin anyway, so it's up to you what you wanted to do with it. Property should be a good investment and it's like diversifying your portfolio and spread your risk around. I already have my plans on what I wanted to do with mine
I think it's a smart move to diversify. This is still all a social experiment and is far more likely to go away than real estate.
If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
What does very high mean? I suppose you mean $10k per BTC? More?
Investing into real estate is always a good way to preserve your wealth over time. Maybe you can a property which can be leased as well? Why stop?
Because a house can't be bought with 1BTC - 100BTC.
You can buy a house after a few bullruns with that amounth of coins.
Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.
Reinvesting youre profit in a new house is a real good move imo.
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