Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.
Yup, it is possible if the seller and buyer are ready to deal with Bitcoin. But with direct bitcoin it will be a problem for the seller, how means today you will pay your house amount though Bitcoin. And tomorrow the price go down means it's a huge loss for the seller. That is why this type of deals will not happening now. But once the price is stable then we can do this type of deals. 
Topic: If Bitcoin goes up very high should i buy a house? - page 26. (Read 133924 times)
Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the house.
If bitcoin goes high as well you are in need for a house then go for it. Finding a person who willing to sell house for bitcoin is difficult. If you buy a house with bitcoin then surely you're going to benefit or profit good through it rather than buying with fiat.
Yeah, why not. Until the seller is ready to sell it for bitcoins. You can buy the house. Bitcoin is digital money. And even if the seller is not ready for selling, you can convert your bitcoin into fiat and buy the 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.
good idea, bitcoin will increase in value before the end of this year and actually the best thing to do is cash out part of your increased and buy an asset like house is advisable. Mortgage and landlords are issued people try to avoid if one has The means. But didn't cash out more than 50% of your capital as bitcoin values will keep on increasing. 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.
Do whatever you want, they are your coins.
i think the bitcoin's price doesn't related to buying a house, If you want to buy a house , just look at your own financial , you have enough to buy that house ? You really need that house ? Then turn the bitcoin into your currency then buy your own house.
The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin.
i think the bitcoin's price doesn't related to buying a house, If you want to buy a house , just look at your own financial , you have enough to buy that house ? You really need that house ? Then turn the bitcoin into your currency then buy your own house.
The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin.
Yes definitely if you have a good portfolio with all eggs in not one basket and have a diversified portfolio then certainly you can buy house etc. Its not just restricted to house alone. If you had invested early in btc and have a good qty by now itself you would have bought a house and a good car as well 
Seems slightly extreme or dangerous even to switch from one extreme to another and expect it to be a perfect transition. I think the ideal purchase could include a mortgage as well, so long as you fix the interest rate for over 5 years, 10 would be ideal.
I know is USA they allow this commonly but Europe Im not sure as actually its very generous to know exactly what your possibly biggest bill for the next 10 years will be. Floating rates can be a nightmare as they spike according to debt problems and we all know national governments have far too much debt.
That's what I'd do anyhow and I presume buying a house saves on rent and its justifiable a nice working investment, practical and worth the trouble. To just stay all in bitcoin and especially do nothing with it, I dont know thats my ideal. Maybe use the bitcoin each month to pay the mortgage +repayment and so its gradually switching and you average out your price
I know is USA they allow this commonly but Europe Im not sure as actually its very generous to know exactly what your possibly biggest bill for the next 10 years will be. Floating rates can be a nightmare as they spike according to debt problems and we all know national governments have far too much debt.
That's what I'd do anyhow and I presume buying a house saves on rent and its justifiable a nice working investment, practical and worth the trouble. To just stay all in bitcoin and especially do nothing with it, I dont know thats my ideal. Maybe use the bitcoin each month to pay the mortgage +repayment and so its gradually switching and you average out your price
Personally even if BTC goes to 10 000$ I don't have enough of them to buy a house. I want to buy a house this year, and it will cost about 270BTC at current value. If BTC was 10 000$ it would only be about 30BTC, but I don't hold 30BTC. I could buy 30BTC right now, but I think it will take years for BTC to go to 10K, if it ever happens, and I want the house right now.
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
Wow, you want to buy a house worth $300k? That's a big house, and a lot of money. If I were to buy a house it wouldn't even cost half of what you're paying. Houses in Europe are much cheaper, you can have a decent, spacious one, for just $100k. If you want to buy a good car don't choose a porsche, they are bad at turns and it's easy to lose control at high speeds. It's not very comfortable, expensive and bad to race with. Not worth the price.
That depends on where in your town you live and want to live and which county you live in etc. I live in a nice part of a relatively poor large city in northern England. Our current house is around 100sq meters with. No garden and worth £200,000. To get to 200sq m in our area with a largish garden for the kids (still walkable to shops, schools and parks) would cost a minimum of £600,000. Add to that you would have to pay 19-29% capital gains tax and then all of a sudden you need a lot of Bitcoins to buy a new house in my neighbourhoods of Europe.
When I can sell half my Bitcoins and move into the house I want to, I will seriously consider it. Until then I HODL. This may take a few more years lol.
Of course, since it's already an investment that would just continue gaining interest over time unlike any other penny stocks out there. Aside from that, not only it would gain interest, but believe me, in a span of 5 years it will be huge due to the continuous demand for living space and the fact that land is not an infinite resource.
Even if buying a house would cost us 100% of our bitcoin, we should not have to think twice about buying a house. Not just that it would give us a good profit in time, but our children and their children would benefit from it as they will inherit the house and so the next generation of yours will also benefit from it.
We just need to look at the quality of the house, and the location.
i think the bitcoin's price doesn't related to buying a house, If you want to buy a house , just look at your own financial , you have enough to buy that house ? You really need that house ? Then turn the bitcoin into your currency then buy your own house.
The OP thinks that the price of bitcoin would reach astronomical figures and sure if you are holding a good amount of coins sure you can make a lot of profit and it all depends upon how capable you are in accumulating the coins and if you are smart enough to do so then you could do what ever you want with the coin. Personally even if BTC goes to 10 000$ I don't have enough of them to buy a house. I want to buy a house this year, and it will cost about 270BTC at current value. If BTC was 10 000$ it would only be about 30BTC, but I don't hold 30BTC. I could buy 30BTC right now, but I think it will take years for BTC to go to 10K, if it ever happens, and I want the house right now.
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
Wow, you want to buy a house worth $300k? That's a big house, and a lot of money. If I were to buy a house it wouldn't even cost half of what you're paying. Houses in Europe are much cheaper, you can have a decent, spacious one, for just $100k. If you want to buy a good car don't choose a porsche, they are bad at turns and it's easy to lose control at high speeds. It's not very comfortable, expensive and bad to race with. Not worth the price.
Of course, since it's already an investment that would just continue gaining interest over time unlike any other penny stocks out there. Aside from that, not only it would gain interest, but believe me, in a span of 5 years it will be huge due to the continuous demand for living space and the fact that land is not an infinite resource.
If that happens why are you buying just a house? You could also buy a car, yatch or jewelries as long as you have many bitcoins when its price is over $10,000. But again you need to be patient because I know that it will be soon before it happens.
If Bitcoin rose to such heights, I would never consider buying house, rather I would hold it. If Bitcoin could grow buying me house, why doesn't it grow further? I am damn sure, its rise would be more than growth rate of real estate. Well, everything is just estimation, no one knows how Bitcoin gonna flip, nor even tomorrow.
Yes the price Bitcoin can't predict by someone, But if the price will go up very increasing,
I want to sell my Bitcoin to buy a car, a house etc, I want to take for fun with my family. Maybe it's amazing.
Personally even if BTC goes to 10 000$ I don't have enough of them to buy a house. I want to buy a house this year, and it will cost about 270BTC at current value. If BTC was 10 000$ it would only be about 30BTC, but I don't hold 30BTC. I could buy 30BTC right now, but I think it will take years for BTC to go to 10K, if it ever happens, and I want the house right now.
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
I will keep several BTC, so that if it goes to 10K I'll be happy anyway, maybe buy me a Porsche with it !
If that happens why are you buying just a house? You could also buy a car, yatch or jewelries as long as you have many bitcoins when its price is over $10,000. But again you need to be patient because I know that it will be soon before it happens.
If Bitcoin rose to such heights, I would never consider buying house, rather I would hold it. If Bitcoin could grow buying me house, why doesn't it grow further? I am damn sure, its rise would be more than growth rate of real estate. Well, everything is just estimation, no one knows how Bitcoin gonna flip, nor even tomorrow.
i think the bitcoin's price doesn't related to buying a house, If you want to buy a house , just look at your own financial , you have enough to buy that house ? You really need that house ? Then turn the bitcoin into your currency then buy your own house.
If you have 20 bitcoin and now suddenly it rise . Sure you can build a house here since the 20 bitcoin us 600k php .That is a big money enough to build your home. So much better you do now is to earn bitcoin to have a good profit and you can get a millioner if you have a lot of bitcoin. And you can build or buy a house for your family.
But that would depend if there are real estate company who accept bitcoin as one of their transaction payment. But definitely, so far none of them are not aware of bitcoin. Unless if there is a bitcoin fanatic in real estate company He/She can make a deal if the buyer are also a bitcoin users. In that way, they can make a transaction payment via bitcoin before it proceed directly to the company of 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.
Yes i could probably buy my own house when bitcoin price started to reach a really higher price. Buying a house is not really a bad idea, you can buy the things that you ever wanted too. But for me i am starting to buy my own house first because it is the most important thing for me to buy first when bitcoin price gets really high. You just only need is to save and spending it wisely. 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.
Jump to: