If Bitcoin goes up very high should i buy a house? - page 34.

Doamader

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Quote from: anonbit992 on November 15, 2016, 02:32:07 PM

there is an article published in cointelegraph.com saying that some Chinese miner feel that bitcoin can hit 10,000 USD and then it can go to 1 million USD, he hasn't given the time frame. He says if everyone in the crypto currency community owns at least 1 bitcoin and keep it locked for long term, then price would gradually increase to 10,000 USD.

IMHO, if you get good rewards by holding your bitcoin, I would encourage you to book some profits and use it to buy a house (in your case) or do something you want to.

Something all would wanna but who will buy 1 bitcoin for such value knowing it can drop to 4000 or lower, bubbles arent good for bitcoin the history shows, better a low ammount and stable then an hyip value turning into a nightmare.

anonbit992

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there is an article published in cointelegraph.com saying that some Chinese miner feel that bitcoin can hit 10,000 USD and then it can go to 1 million USD, he hasn't given the time frame. He says if everyone in the crypto currency community owns at least 1 bitcoin and keep it locked for long term, then price would gradually increase to 10,000 USD.

IMHO, if you get good rewards by holding your bitcoin, I would encourage you to book some profits and use it to buy a house (in your case) or do something you want to.

Mastsetad

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Quote from: KennyR on November 15, 2016, 09:21:55 AM

Quote from: pealr12 on November 15, 2016, 09:09:48 AM

You should be. You can buy a house when bitcoin reaches the never imagined high price. Only time can tell ,what will hapen to bitcoin year after year. The only thing i know is bitcoin could hit 10k usd and above.

The prediction needs to be realistic. As quoted price won't reach as high as $10k because anything above certain constrained value automatically gets the attention of government which is not good for a long time sustained growth. Better try to buy a house from day job earning.

Its not important to wait for the price to reach a really high place as you guys are mentioning but if someone gets a bunch of bitcoins he can still buy a house without waiting for longer, though it would be easier for him when it grows but still it wont be bad if you can use your earned bitcoins for buying something like that.

Zadicar

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Buying a house is never been bad because all of us do really needs a house and its somehow a good investment also. If bitcoins price would rose to the highest peak then we could possibly buy a house on that matter but the big question is when it would happen? I assumed were already dead when bitcoins price would certainly attained that price, We should really not expect too much regarding on the price because no one really knows on what would happen next.

crairezx20

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Quote from: KennyR on November 15, 2016, 09:21:55 AM

Quote from: pealr12 on November 15, 2016, 09:09:48 AM

You should be. You can buy a house when bitcoin reaches the never imagined high price. Only time can tell ,what will hapen to bitcoin year after year. The only thing i know is bitcoin could hit 10k usd and above.

The prediction needs to be realistic. As quoted price won't reach as high as $10k because anything above certain constrained value automatically gets the attention of government which is not good for a long time sustained growth. Better try to buy a house from day job earning.

We don't know what will happen in the future.. and maybe the price of bitcoin can be touch in 10k value in the future. i am not fortune teller but in bitcoin everything is possible. maybe someday we can get a large amount of investors that can affect the value of bitcoin and more adoption will come that can also attract people to invest in bitcoin.. So if it will happen in the future you should have enough bitcoin in order to buy a house and buy house and lot are a good business that you can rent it to other to make a monthly passive income..

KennyR

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Quote from: pealr12 on November 15, 2016, 09:09:48 AM

You should be. You can buy a house when bitcoin reaches the never imagined high price. Only time can tell ,what will hapen to bitcoin year after year. The only thing i know is bitcoin could hit 10k usd and above.

The prediction needs to be realistic. As quoted price won't reach as high as $10k because anything above certain constrained value automatically gets the attention of government which is not good for a long time sustained growth. Better try to buy a house from day job earning.

pealr12

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You should be. You can buy a house when bitcoin reaches the never imagined high price. Only time can tell ,what will hapen to bitcoin year after year. The only thing i know is bitcoin could hit 10k usd and above.

goldcoinminer

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Quote from: Caladonian on November 15, 2016, 07:13:14 AM

Quote from: roomfirst on November 15, 2016, 06:36:36 AM

Actually it's a good idea though. The price of a house is really high and i'm sure buying a house is really good for long term investment. I will do that, sell all my bitcoins when the price goes up very high and buy a house with my bitcoins.

Even if its a long journey and fate for bitcoin but if happen for sure i will do the same keeping my fate for this investment and hoping for the best.

That's how you called being loyal to bitcoin, you will be able to stick through thick and think and that's what we need here in the community. There's ups and downs in our investment but if our faith is strong we will surely gonna hold and enjoy tomorrow.

Caladonian

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Quote from: roomfirst on November 15, 2016, 06:36:36 AM

Actually it's a good idea though. The price of a house is really high and i'm sure buying a house is really good for long term investment. I will do that, sell all my bitcoins when the price goes up very high and buy a house with my bitcoins.

Even if its a long journey and fate for bitcoin but if happen for sure i will do the same keeping my fate for this investment and hoping for the best.

mirakal

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Quote from: Sithara007 on November 15, 2016, 06:31:10 AM

Quote from: madwica on November 14, 2016, 08:16:43 AM

There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.

It is possible to purchase real estate using Bitcoins through Bitpremier. Try their site:

https://www.bitpremier.com/

A lot of listings are available from various countries and regions. And Bitpremier is not the only one. There are a few other real estate agents out there, who accept BTC.

I think I do not have the luck in buying a house if ever the price of bitcoin will rise, my country is not on the list.. Maybe time will come in the future, my country will be listed and I am hoping I can transact with an owner residing in our country.. I just want to buy a home at my country..

roomfirst

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Actually it's a good idea though. The price of a house is really high and i'm sure buying a house is really good for long term investment. I will do that, sell all my bitcoins when the price goes up very high and buy a house with my bitcoins.

Sithara007

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Quote from: madwica on November 14, 2016, 08:16:43 AM

There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.

It is possible to purchase real estate using Bitcoins through Bitpremier. Try their site:

https://www.bitpremier.com/

A lot of listings are available from various countries and regions. And Bitpremier is not the only one. There are a few other real estate agents out there, who accept BTC.

Xester

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Quote from: Mr.grin on November 03, 2016, 11:03:44 AM

Quote from: mace15 on November 03, 2016, 10:50:27 AM

When bitcoin reaches triple or more the current price, for sure you
can buy a house. But, ofcourse you need to convert first into fiat,
depends also if you find an owner which accepts bitcoin.

Well, buying a home may be just the beginning, because if you have managed to buy a house of bitcoin, then you can buy anything from bitcoin. Well, you have to buy supplies and secondary needs that you need, then you should buy a car and motor to make it look good

I think he can buy a house using bitcoins. u can post and look for a seller that using bitcoins.and it is practical to invest for a home using your earnings from bitcoins. that is possible now because many rich people are using bitcoins now. maybe i the future we can also buy appliances, you are lucky if you can buy a house using your bitcoins earnings!

transabox

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No one can guess how much the price rises on Bitcoin. This is what he has attracted many investors. I do not think it will rise so much that it will be possible to buy a house. But you can try. Now is a good time to buy Bitcoin

Capradina

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Quote from: madwica on November 14, 2016, 08:16:43 AM

There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.

It is very likely your friends!!. Everyone can buy any using bitcoin, however it must be in the original currency exchange rate. So if we want to buy a House with bitcoin then profiteers in the bitcoin and thereafter sell bitcoin and exchanged with fiat. Everything looks simple, friend, do not complicate the issue. If it can not be used now for sure in the future it will be used in the bitcoin various things

Kotone

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Quote from: arbitrage001 on July 11, 2016, 12:36:09 AM

House should not be treated as an investment.

It always depends on the people if you are going to treat house in investment then you are going to have house in the future and here in my country you need atleast have some good oney to downpayment and then start investment to it till your going to have it

madwica

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There is a possibility that we can buy a house using bitcoin when we have great amount of investment because all we know that value of bitcoin is continuous increasing ang this will be more stronger digital currency in the near future.

jonahmarieaton101

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that idea always came to my mind if bitcoin would increase very high maybe i would buy a house. In fact, that's the goal i want to have in my life when i joined to bitcoin, but since i haven't enough bitcoin to buy that, well the only thing i can do is to work hard and harder so that in the near future i can afford to buy that things.

Positid

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Quote from: genos on November 13, 2016, 11:03:16 PM

Quote from: bryant.coleman on November 13, 2016, 08:40:26 AM

Quote from: Bitcoin Market on November 12, 2016, 02:58:01 PM

Quote from: hurain on November 12, 2016, 11:26:41 AM

Quote from: Omega Weapon on November 09, 2016, 01:26:05 AM

If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.

to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house.

If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house.

How did you came up with this 30% mark? For me, it depends on the proportion of BTC holdings to the total investment portfolio. If your BTC holdings constitute to more than 25% of your total investment portfolio, then it will be better to sell some of the coins to reduce over-exposure. If the proportion is quite low, then hold on to your coins until the exchange rate increase to $10,000 per coin, or $25,000 per coin.

It is depend how the bitcoin price against fiat and the amount of bitcoin that he have. If he is fine to buy house with all of his bitcoin it is fine no problem. This is all about his calculation and planning, but I think he still need to convert his bitcoin into fiat before buy a house, There are some place that accept bitcoin but I never find someone who sell house which accpet bitcoin.

Buying a house using your bitcoin is not a problem, the only problem is when are we gonna buy a house. It's everyone's dream to be rich in bitcoin but we do lack of capital to invest, remember that we need to put a decent amount of money to earn a big amount of money. Should be that way.

genos

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Any store can buy, sell, and accept Crypto

Quote from: bryant.coleman on November 13, 2016, 08:40:26 AM

Quote from: Bitcoin Market on November 12, 2016, 02:58:01 PM

Quote from: hurain on November 12, 2016, 11:26:41 AM

Quote from: Omega Weapon on November 09, 2016, 01:26:05 AM

If at some point bitcoin could reach a price that will allow us to buy a house with it is very likely that the seller will just accept or bitcoin without the necessity to convert it to fiat money, besides you will face less fees.

to me i think yes, but it depend on the amount of bitcoin you have and also on the place value where you want to buy a house, and also the area of the house that how big or small the house is, so i think if you define these thing the you can easily estimate the price of bitcoin for buying a house.

If you have a large amount of bitcoin, and the cost of the house is less 30% of your bitcoin holding, then it is ok to buy a house.

How did you came up with this 30% mark? For me, it depends on the proportion of BTC holdings to the total investment portfolio. If your BTC holdings constitute to more than 25% of your total investment portfolio, then it will be better to sell some of the coins to reduce over-exposure. If the proportion is quite low, then hold on to your coins until the exchange rate increase to $10,000 per coin, or $25,000 per coin.

It is depend how the bitcoin price against fiat and the amount of bitcoin that he have. If he is fine to buy house with all of his bitcoin it is fine no problem. This is all about his calculation and planning, but I think he still need to convert his bitcoin into fiat before buy a house, There are some place that accept bitcoin but I never find someone who sell house which accpet bitcoin.

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