Topic: If Bitcoin goes up very high should i buy a house? - page 22. (Read 133943 times)
Of course you can buy a house with bitcoin, my friend just bought a house with bitcoin, and he plans to buy oil palm plantation to start a business. We do not have to keep all the bitcoin, we can enjoy some bitcoin to buy a house or car, maybe you can start making factory or start doing business, but do not sell all your bitcoin, just sell 30% - 40% bitcoin you have
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.
If you really have the money why would you hold back? Many people have been dreaming of being able to buy and to own their own house. It is not easy living in a house where you have to pay monthly and to pay at a high rate. Having bitcoin that can support your needs like buying your own house is great. Besides, it is much better to spend you bitcoin in buying a house than using it in playing gambling.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 am supporting your idea of buying your own house. I wish that you will find a house that will suite your style and will give you the comfortableness that every house should have.
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.
My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house.
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.
My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house.
That could be smart yea, obviously whatever makes the mortgage makers happy is probably the best choice. They will look at your Fiat debt and income to ascertain risk but you could overpay with your method and substantially decrease the term of the debt which saves alot of money; due to compound interest.
However one point I was going to say is that by swapping bitcoin to a house deposit you are effectively lowering risk. You are still exposed because the house is a liability until paid off and it costs but the benefit is that it reduces your rent. So all of that is a way to change your risk profile for this money. By keeping the large chunk within bitcoin you will keep the same high level of risk. So yes bitcoin can go up and I think it will or something similar will succeed but this potential profit is also potential loss compared to just swapping BTC to the house instead
However one point I was going to say is that by swapping bitcoin to a house deposit you are effectively lowering risk. You are still exposed because the house is a liability until paid off and it costs but the benefit is that it reduces your rent. So all of that is a way to change your risk profile for this money. By keeping the large chunk within bitcoin you will keep the same high level of risk. So yes bitcoin can go up and I think it will or something similar will succeed but this potential profit is also potential loss compared to just swapping BTC to the house instead
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.
My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house.
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.
Thats right,it might be much better to convert your btc into fiat but it will take time since some wallets and banks were limiting the cashout. Though houses were really have tax as per law of the governmnents.
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 remarkable if bitcoin prices rise so high it is used to buy the house a thought that promises for a better future may one day be useful for our children and grandchildren later besides the longer the house price will also increase so we anticipate from now with soaring bitcoin prices use that opportunity as well as possible. 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,you can, and you will buy a house in cash |(bitcoins type ) if price go very up high and it goes into news everyday on our tv and if businesses will accept bitcoins payment for their houses
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.
Still it is better to pay this taxes, than to lose everything. It is good that bitcoin is a live, as all network technology, but if something goes wrong with it, you will just lose it. Always better to convert money in things like flats or houses, it will give much more profit and stability,than bitcoin.
Bitcoin is a high risk enviroment, that old phrase applies to it: Do not invest more than you can afford, I think Bitcoin deserves to be slowly acquired, satoshi by satoshi, it is possible today to get some 2-4 BTC/year with some effort and keep it stored for the future.
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.
Still it is better to pay this taxes, than to lose everything. It is good that bitcoin is a live, as all network technology, but if something goes wrong with it, you will just lose it. Always better to convert money in things like flats or houses, it will give much more profit and stability,than bitcoin.
I think so.i do believe that through bitcoin we can buy a house.just like any other currency bitcoin has the capability to grow up ang up over and over again because as what i have observe .at this point of time everything runs through the internet.and in this way of living bitcoin is verry useful.
Maybe in the next 2 to 3 years most of us people use it in our daily life somewhat like paying bills laod etc.it is verry usefull now adays because people on this world is on its way to modern tech.and in this way of living .we need a modern way of generating transforting making life simple ang posible .therefore i conclude that we can buy a dream house through this bitcoin if we believe on it..
Maybe in the next 2 to 3 years most of us people use it in our daily life somewhat like paying bills laod etc.it is verry usefull now adays because people on this world is on its way to modern tech.and in this way of living .we need a modern way of generating transforting making life simple ang posible .therefore i conclude that we can buy a dream house through this bitcoin if we believe on it..
I already have a House that I got from work, if the price of the bitcoin skyrocket, then I will buy the latest sports cars like the ones owned by Paul Pogba, I hope this can be accomplished in less than 5 years.
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.
Thats right,it might be much better to convert your btc into fiat but it will take time since some wallets and banks were limiting the cashout. Though houses were really have tax as per law of the governmnents.
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.
You could invest your money into stocks where probably 5-10% is a good return in a year or yoo can get investment property and that really is the way in my opinion. Then you'll be making a nice passive income or be investing towards it in a meaningful way.
indeed passive income is necessary but home is an important need and rental costs will continue to drain his income. so stock is too heavy for OP and better investment property such as buying an apartment you can also live in your apartment.investment. I am also planning to have an apartment for rent in the future but right now I'm still in the process of collecting my income
to realize my future goals.
You could invest your money into stocks where probably 5-10% is a good return in a year or yoo can get investment property and that really is the way in my opinion. Then you'll be making a nice passive income or be investing towards it in a meaningful way.
indeed passive income is necessary but home is an important need and rental costs will continue to drain his income. so stock is too heavy for OP and better investment property such as buying an apartment you can also live in your apartment.
You could invest your money into stocks where probably 5-10% is a good return in a year or yoo can get investment property and that really is the way in my opinion. Then you'll be making a nice passive income or be investing towards it in a meaningful way.
If you have a lot of bitcoin of course you have to buy a house, bitcoin prices are very unstable, but property prices definitely rise, so it could be a promising investment alternative in the future
Why wait anymore, you have waited for a long time already for bitcoin price to be high and when its goes very high you want it to go even higher 
buy your house so that even your friends get to believe that bitcoin is real and not a mere speculation or hoax.
buy your house so that even your friends get to believe that bitcoin is real and not a mere speculation or hoax. Jump to: