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Topic: If Bitcoin goes up very high should i buy a house? - page 19. (Read 133929 times)

sr. member
Activity: 526
Merit: 250
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".

That is the most commonly held view but it is a lie, the greatest asset is yourself the money making machine and that is why you need to insure yourself first to pay the bills since you are the machine that pays all the other bills ^^. Even if the cash flow stops coming in for any reason.

To me buying a house is the best insurance ever. When you buy a house, it is your property and it is tangible. No one is holding funds and in case of anything, you can always dispose it and have cash. Houses will not depreciate in value therefore you will be able to get value back when you sell it after some years. When you purchase an insurance cover, you are giving someone money to trade with and expect that this person will compensate you in case of anything happening. Insurance premiums have validity and you will have to renew every year. What about if you pay for 10 years and there is no claim from your side?. You should start with a house first before you think of insurance.
full member
Activity: 308
Merit: 101
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.
As the bitcoin price increases and you have a lot of bitcoin, I think you can buy something bigger than just a house. It all depends on what you want to buy but do not depend on money or anything else when the bitcoin price increases you will definitely get rich.
legendary
Activity: 1806
Merit: 1090
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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".

That is the most commonly held view but it is a lie, the greatest asset is yourself the money making machine and that is why you need to insure yourself first to pay the bills since you are the machine that pays all the other bills ^^. Even if the cash flow stops coming in for any reason.
sr. member
Activity: 378
Merit: 250
Looks like bitcoin is almost their to buy a house with some bitcoins.
Right now itself it has got a good value and now we cannot buy a house with a single bitcoin. In future this scenario might change as more Countries have started to use bitcoin similar to the traditional currency that's used around the country supporting the growth in terms of pricing as well usage.
although in different places the values of houses and lands are different, may be in your area values of houses and lands are too much cheep. in my area I think it is not possible to buy a single room from the price of one bitcoin.
sr. member
Activity: 574
Merit: 267
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I think the best thing to do when bitcoin goes up very high is to invest for a business so that money will still flow in your hands. And if your business is now stable you can now buy what you, want like a if you want a house. We must think wisely before using our money, we must use it in the best way we can do.
hero member
Activity: 1456
Merit: 501
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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".
Of course it will be a lucrative investment also because real estate has a price that continues to rise in the future but the problem right now, is it anyone who is ready to receive their home payment with bitcoin? Would be a bit risky when seeing fluctuations
If now or in the future they still do not accept payment with bitcoin, we can still convert bitcoin into cash and pay for them, this is not a problem. Buying a house with bitcoin is really a good idea because because anyone also want to own a house of their own, it is the dream of so many families, so the price of a home is rising every year, this is also a long-term investment and not have too much risk. Investing in bitcoin is good but quite risky, so I think if the price of bitcoin goes up high, I'll sell it and buy a house, I do not want to risk, I need something stable
sr. member
Activity: 560
Merit: 257
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 that is really good idea. I mean, you would be spending your saving on something that is really important. Buying a house is not small thing, and it needs a lot of founds. If you have enough bitcoins to buy a house, and you need house, i do not see why you would not buy it. That would be best thing someone bought with bitcoins that i know of so far. Good luck, and do not think too much about it, it is a good idea. Cheesy
sr. member
Activity: 602
Merit: 252
Looks like bitcoin is almost their to buy a house with some bitcoins.
Right now itself it has got a good value and now we cannot buy a house with a single bitcoin. In future this scenario might change as more Countries have started to use bitcoin similar to the traditional currency that's used around the country supporting the growth in terms of pricing as well usage.
sr. member
Activity: 770
Merit: 268
Looks like bitcoin is almost their to buy a house with some bitcoins.
newbie
Activity: 37
Merit: 0
I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  Smiley

You are make me dreaming friend Smiley ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it !

If bitcoin will be worth the money in the world is not enough houses. Imagine if each of several million owners of bitcoin will begin to buy their own home. Or home runs or the house will cost $ 50 million.

You think so Sad ? Where I live this is more the inverse, there is more houses than buyers, so many stay empty for ages. I know that in the United States there is the same phenomenon.
sr. member
Activity: 434
Merit: 255
I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  Smiley

You are make me dreaming friend Smiley ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it !
If bitcoin will be worth the money in the world is not enough houses. Imagine if each of several million owners of bitcoin will begin to buy their own home. Or home runs or the house will cost $ 50 million.
newbie
Activity: 37
Merit: 0
I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  Smiley

You are make me dreaming friend Smiley ! I wish someday I could have fullfilled this dream thanks to Bitcoin. Some people say it will reach as high as 50 000$ per bitcoin in the coming decade. If so I will have it !
legendary
Activity: 1372
Merit: 1008
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".
Of course it will be a lucrative investment also because real estate has a price that continues to rise in the future but the problem right now, is it anyone who is ready to receive their home payment with bitcoin? Would be a bit risky when seeing fluctuations
full member
Activity: 210
Merit: 100
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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.
ofcourse you should if you have enough BTC , and if I were you and I got 2.1 BTC in my wallet I would rather buy a house than anything, if BTC values 5000$ haha
Tell me where you can buy a house with 10000$ and I'll move there right now ahah

Back to the OP, you should do it. I can't see a better investment than buying a house.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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.
ofcourse you should if you have enough BTC , and if I were you and I got 2.1 BTC in my wallet I would rather buy a house than anything, if BTC values 5000$ haha
Buying a house is such a good investment for any person because its price will go up after a few years because the only population grows and not the land so if there will be a lot of demand for houses then you can sell your house at a higher price which is a worth it investment to grab if you have money right now from your bitcoin earnings.
full member
Activity: 266
Merit: 106
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.
ofcourse you should if you have enough BTC , and if I were you and I got 2.1 BTC in my wallet I would rather buy a house than anything, if BTC values 5000$ haha
sr. member
Activity: 672
Merit: 253
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Buying a home is a very good decision because the longer the house price will be higher but also use your bitcoin by trading so your bitcoin will grow
legendary
Activity: 2114
Merit: 1023
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I think it's an excellent idea, or you can do something like this: Buy up smaller properties to rent out and use the rents as your passive income then you can globe trot and when you are ready to settle down in one place you can buy land and build a nice smart home, passive, off the grid and Eco friendly.  Smiley
sr. member
Activity: 588
Merit: 256
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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".
sr. member
Activity: 756
Merit: 251
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.

Wow! If your bitcoin is that huge then that would be a sound decision, especially because you are still renting and having some troubles with renting. I am happy for you if you can already buy a house with your bitcoin.

It is a wise decision to set aside 20% of your bitcoin though. That seems to be still a considerable amount. That will still earn.
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