Well why not reward yourself for a very good and life changing investment? However you need to make sure you are prepared to potentially miss out on more profits but that's your call.
This is the problem, you should only cash out if you need it or if you think the price is not going to go up any longer, by buying a house or anything then you are sacrificing potential profits, what if the price of bitcoin doubles in the next year? You could have bought two houses instead of one. 
Topic: If Bitcoin goes up very high should i buy a house? - page 17. (Read 133893 times)
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.
I think home is a good place to eat, because you have to spend a lot of money on it. Instead, you should invest in other types of altcoin to make a profit. I think that will make you richer
Buying house for Bitcoins is relative thing. In some parts of the world you can already buy a house for a Bitcoin or two because in some countries this is a small fortune. But I guess you are talking about western hemisphere where situation is quite different.
At the moment I wouldn't dare to go for something like this because of Bitcoin volatility and instability and still isn't easy to earn/collect enough Bitcoins to buy a house. But some early adopters who kept large amount of Bitcoins probably can afford something like this.
At the moment I wouldn't dare to go for something like this because of Bitcoin volatility and instability and still isn't easy to earn/collect enough Bitcoins to buy a house. But some early adopters who kept large amount of Bitcoins probably can afford something like this.
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.
Yes you could buy a house if you have an enough money to buy your own house. And you should find a person that who is selling a house and do accepts bitcoin as payment but if they don't you can convert your bitcoin into cash so you can buy a house that you want.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.
So if a house is worth one hundred thousand dollars and I have one hundred thousand dollars, I should buy that house? I already have enough money so I should buy it? I think that's no plan at all. You have to plan out how much money will be left on you once you bought that house. After buying a house, you also have to buy appliances, you have to pay the carpenter for fixing the hidden issues, etc. There's even maintenance fee. There's a lot of things to pay for after buying a house so you have to save a lot of extra money first. House should be affordable first before you buy it and it is said that to be able to say that you afford something, you should be able to afford two of it.
When interest rates are this low, you would be stupid not to have a mortgage, imo..
That is what some think, but what are you going to do when that changes? By buying a house you are setting yourself to pay for it for decades, are you sure the same conditions we have now are going to remain for the next decade? Because I’m not, Avoid debt like the plague, getting into debt for so long seems a terrible idea to me, pay the house with cash if you can.Fortunately in my country fixed rate mortgages are the norm. Keeping a chunk of my money/bitcoin and buying a house with a mortgage is thus a much better strategy in the long run.
I will build the house so it should keep its value (and most likely increase), I will build it in concrete so it's not gonna deteriorate, and where I am real estate prices have only gone up for the last 20 years. Even at the worst of the economic downturn they only stagnated, never decreased.
Finally, a house also has a usage value. What I will be paying in mortgage I will not be paying in rent. If I want to install a mining rig I will not have to ask for anybody's permission. Put it in a shed outside ? No problem.
It depends, if we bitcoin stock buy houses by selling all of the bitcoin then it is a loss, because if we want to be patient then prices can be more expensive.
yes you should buy a house , thats the best plan for you bitcoins , and thats my goal too , the first time i joined this forum , i wanted to earn bitcoins just to buy cellphone and other stuffs and now i realize how hard you should work just to earn a single bitcoin , and now im planning to save more bitcoins to buy a house
I'm now try to follow my plan on buying my own home. Even that's already a small house I'm going to use my earned bitcoins for buying one. And I'm not regretting that I sold some of my bitcoins for buying my small house. As I planned it before when the price was $1,000 and it is now doubled so there's no feeling sorry.
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.
Yes you could buy a house if you have an enough money to buy your own house. And you should find a person that who is selling a house and do accepts bitcoin as payment but if they don't you can convert your bitcoin into cash so you can buy a house that you want. 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.
yes you should buy a house , thats the best plan for you bitcoins , and thats my goal too , the first time i joined this forum , i wanted to earn bitcoins just to buy cellphone and other stuffs and now i realize how hard you should work just to earn a single bitcoin , and now im planning to save more bitcoins to buy 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.
If you are able to earn this much bitcoins that you can afford a house by selling them then off course it is the best idea to sell them and buy your own house without mortgage.
Just go for it! Buy anything that you think that will benefit you till the future. Well, that is why that is one of the reasons on why bitcoin exist, for one to completely take advantage of its monetary value for their benefit. Like what he said, if you have enough bitcoin to provide you a simple mortgage plan then no one's stopping you. But do remember that as time passes by, the prices of bitcoin will increase. I assume that by the end of this year, it may reach up to ~$4000.
If bitcoin soars very highly everyone who has it can be able to buy everything he wants and even a house. I think now there are already enough sellers who are ready for a deal with bitcoin.
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.
It is not a good idea the price of bitcoin will keep going up faster than any real estate so your best bet is to wait for longer until the day you can buy a house with 10% of your stash that way you do not need to sell that much bitcoin to get your property.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.
I'm starting to become hesitant of the budgeting that I do. I usually spend no more than 5% of my total money and I already consider that as a major spend. Buying a house would mean that I have to spend all of my coins and obviously I'm not going to do that. With my case, bitcoins would have to multiply by 10x before it can become just 10% of my total stash. It's a really really long way to go but looking at other people's life, it also took them a really long time to buy a house so there's nothing wrong with waiting and just keep on renting at the moment.
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.
If you have that much bitcoin I would say go buy a house. You could save a lot if you have your own house rather than renting. It is one great investment to have a house that you can say your own. You can sleep at night soundly and not worrying that tomorrow or any other day about your landlord knocking and asking for your monthly rental fee. And if I may suggest, you should also think of putting up a business from your bitcoin profits. It is good to have investment like bitcoin but it is better to have a tangible assets.
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.
It is not a good idea the price of bitcoin will keep going up faster than any real estate so your best bet is to wait for longer until the day you can buy a house with 10% of your stash that way you do not need to sell that much bitcoin to get your property. 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.
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.
If you are able to earn this much bitcoins that you can afford a house by selling them then off course it is the best idea to sell them and buy your own house without mortgage.
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.
I think you should buy a house. Buying a home requires a lot of money, if the bitcoin goes up the price you should sell to buy. The purpose of your investment in bitcoin is to earn a high profit, which is needed to spend on big money 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.
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.
You should buy a house, this is a good opportunity for you to make a good home. You can buy a house and pay with your bitcoin 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.
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.
I think when bitcoin prices rise, not only can you buy your house you can buy more value depending on how much bitcoin you have, the more bitcoin you will have the more profits and you will so rich. 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.
When interest rates are this low, you would be stupid not to have a mortgage, imo..
That is what some think, but what are you going to do when that changes? By buying a house you are setting yourself to pay for it for decades, are you sure the same conditions we have now are going to remain for the next decade? Because I’m not, Avoid debt like the plague, getting into debt for so long seems a terrible idea to me, pay the house with cash if you can.I also have the same way of thinking. I don't commit to things that would require me to be committed for a long time, in this case, something to pay for for decades. A rent-to-own house which is quite popular is so good to hear. It's good to know that after a few years, you would have your very own house with your name on it. But, in reality, a house have to be rented out for decades if you want something that have an affordable monthly bill. A rent-to-own house that only takes you 5 years to pay will either have a really high equity or really high monthly payment.
You're not sure if things are going to be the same decades or years from now. The location of your house might have a bad market in the future. Although it's unlikely to other places, you still have to proactive about it.
yes of course that's the best decision you will make if ever it will happen in the future and House is the best investment after all because even though your too old to work you have a real achievement for sure that you will say you "OWN".
well having your own house is the need of the day now because everything is now so much costly and the prices are going on fire now a days but bitcoin is here so no fear you can buy or invest in bitcoin and it will give you good return so it’s good to have bitcoin now.There's really no reason why you can't buy a house if you've manage to come up with enough btcs but just make sure that it's from a legitimate trustworthy dealer and you have the paperworks to back up your purchase. Bitcoin can definitely give you the capability to buy a house and any real estate property would be a very good investment
Jump to: