If Bitcoin goes up very high should i buy a house? - page 35.

bryant.coleman

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Quote from: Bitcoin Market on November 12, 2016, 03:58:01 PM

Quote from: hurain on November 12, 2016, 12:26:41 PM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

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Quote from: Bitcoin Market on November 12, 2016, 03:58:01 PM

Quote from: hurain on November 12, 2016, 12:26:41 PM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

well yeah I don't think it would be good if you put all your bitcoins in buying a house and then start again from scratch. if you have enough bitcoins, it would still be better if you'd leave a certain amount left to work with again after purchasing. although that would mean that you have a considerable amount of bitcoin already in your hands.

Bitcoin Market

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Quote from: hurain on November 12, 2016, 12:26:41 PM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

hurain

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Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

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Quote from: Caladonian on November 10, 2016, 02:29:26 AM

Quote from: springgers on November 09, 2016, 11:49:32 PM

Quote from: Ziskinberg on November 09, 2016, 11:16:37 PM

Quote from: Omega Weapon on November 09, 2016, 09:59:59 PM

Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all.

There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat.

What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created.

You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that.

If you will buy something like that for sure you will be taxed.

here in our country the main exchangers only allowed 400k pesos for any transaction making sure that it will not be use for money laundering and its a law here that hold the exchange for sure if you going to buy a house there's a taxes involved but good thing if you can exchange your btc to buy a house for your future.

It's not actually a problem as you can make as many account as you are. You can use the accounts of your friends or family if your limit is done early for the year. That's a lot of money mate, I think you are making big money here in the crypto world.

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Quote from: springgers on November 09, 2016, 11:49:32 PM

Quote from: Ziskinberg on November 09, 2016, 11:16:37 PM

Quote from: Omega Weapon on November 09, 2016, 09:59:59 PM

Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all.

There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat.

What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created.

You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that.

If you will buy something like that for sure you will be taxed.

here in our country the main exchangers only allowed 400k pesos for any transaction making sure that it will not be use for money laundering and its a law here that hold the exchange for sure if you going to buy a house there's a taxes involved but good thing if you can exchange your btc to buy a house for your future.

springgers

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Quote from: Ziskinberg on November 09, 2016, 11:16:37 PM

Quote from: Omega Weapon on November 09, 2016, 09:59:59 PM

Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all.

There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat.

What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created.

You have to declare how you got this money, this is a basic thing, to avoid money laundry and things like that.

If you will buy something like that for sure you will be taxed.

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Quote from: Omega Weapon on November 09, 2016, 09:59:59 PM

Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all.

There's no tax at all until we see it. The thing is when you are buying a house, the payment should be in fiat and there's no problem with that as even when the money is coming from bitcoin you can also sell your bitcoins for fiat.

What we are after here is the legality of the transaction and since only fiat is considered by the law as legal tender then we have to use it to pay and to honor for the deed of sale created.

Omega Weapon

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Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

I don't see how could a tax on transaction been implemented since you could always be transferring your bitcoin to a different wallet and even if somehow that could be possible you could have your bitcoin in a hardware wallet and then pay whatever you want by giving the wallet itself without any transaction taking place at all.

goldcoinminer

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Quote from: achow102 on November 09, 2016, 02:38:32 AM

Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

We cannot be sure if that will happen because the way I see it, the price of bitcoin is already high and I believe that in the future it will be higher than the current price and the government cannot tax as we are anonymous and we do not need to comply with the law that we are not covered.

achow102

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Quote from: Omega Weapon on November 09, 2016, 02:26:05 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.

I think by the time the State establishes a tax on transactions with Bitcoin

Omega Weapon

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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.

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Quote from: Mr. Big on November 09, 2016, 12:48:28 AM

Quote from: salmanahmedone on November 09, 2016, 12:35:31 AM

Quote from: Ewinsane on November 04, 2016, 02:39:37 PM

Quote from: Seansky on November 04, 2016, 03:20:15 AM

Buying a house when bitcoin goes up very high I think is a good idea but you should convert it into fiat first. You must do that since theres no one who will accept bitcoin for a real estate. I think buying a house is a very good idea specially if you are just renting a house, you would save a lot of money if you do that. It also will give good feeling to ya, since you won't need to worry for a rent anymore.

you are right if someone want to buy a house you will must convert their bitcoin into fiat because i do not think that people will sell their house with bitcoin because some people do not know about bitcoin that bitcoin si which type of currency and how to use it and i think maximum people will sell their house with cash payment .

Buying a house is not so cheap and you need a good amount of money with you to buy a house. It does not matter if you have Fait, bitcoins or Gold and you convert Bitcoin/Gold to local money and buy the house. The thing which matter is you need to have that much amount of total money.

As OP stated, if the price of bitcoin goes up very high, he will do so, that means he has enough bitcoin to purchase a house...But anyway, I wouldn't hesitate to cash out 80% of my bitcoin or even all of my bitcoin ( If I have enough ) to buy a house if I had a chance... It is a very good investment as we grow old...

Great plan, at least you have a specific plan already in case the price of bitcoin goes high again. And actually the price of bitcoin is already rising now and I think it will reach to $800 this month so keep an eye on that. You will achieve that if you will not sell when there's panic that is going on.

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Quote from: salmanahmedone on November 09, 2016, 12:35:31 AM

Quote from: Ewinsane on November 04, 2016, 02:39:37 PM

Quote from: Seansky on November 04, 2016, 03:20:15 AM

Buying a house when bitcoin goes up very high I think is a good idea but you should convert it into fiat first. You must do that since theres no one who will accept bitcoin for a real estate. I think buying a house is a very good idea specially if you are just renting a house, you would save a lot of money if you do that. It also will give good feeling to ya, since you won't need to worry for a rent anymore.

you are right if someone want to buy a house you will must convert their bitcoin into fiat because i do not think that people will sell their house with bitcoin because some people do not know about bitcoin that bitcoin si which type of currency and how to use it and i think maximum people will sell their house with cash payment .

Buying a house is not so cheap and you need a good amount of money with you to buy a house. It does not matter if you have Fait, bitcoins or Gold and you convert Bitcoin/Gold to local money and buy the house. The thing which matter is you need to have that much amount of total money.

As OP stated, if the price of bitcoin goes up very high, he will do so, that means he has enough bitcoin to purchase a house...But anyway, I wouldn't hesitate to cash out 80% of my bitcoin or even all of my bitcoin ( If I have enough ) to buy a house if I had a chance... It is a very good investment as we grow old...

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Quote from: salmanahmedone on November 09, 2016, 12:35:31 AM

Quote from: Ewinsane on November 04, 2016, 02:39:37 PM

Quote from: Seansky on November 04, 2016, 03:20:15 AM

Buying a house when bitcoin goes up very high I think is a good idea but you should convert it into fiat first. You must do that since theres no one who will accept bitcoin for a real estate. I think buying a house is a very good idea specially if you are just renting a house, you would save a lot of money if you do that. It also will give good feeling to ya, since you won't need to worry for a rent anymore.

you are right if someone want to buy a house you will must convert their bitcoin into fiat because i do not think that people will sell their house with bitcoin because some people do not know about bitcoin that bitcoin si which type of currency and how to use it and i think maximum people will sell their house with cash payment .

Buying a house is not so cheap and you need a good amount of money with you to buy a house. It does not matter if you have Fait, bitcoins or Gold and you convert Bitcoin/Gold to local money and buy the house. The thing which matter is you need to have that much amount of total money.

Well if it goes up very high don't you think it is because of the rise of demand? If that is the case then isn't it right that anyone is willing to accept Bitcoin as a mode of payment. But in terms of a stable currency than you are right that you need to convert it to Fiat so that when you are buying a house the value of your money won't fluctuate and it is easy to budget your money because it is stable.

salmanahmedone

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Quote from: Ewinsane on November 04, 2016, 02:39:37 PM

Quote from: Seansky on November 04, 2016, 03:20:15 AM

Buying a house when bitcoin goes up very high I think is a good idea but you should convert it into fiat first. You must do that since theres no one who will accept bitcoin for a real estate. I think buying a house is a very good idea specially if you are just renting a house, you would save a lot of money if you do that. It also will give good feeling to ya, since you won't need to worry for a rent anymore.

you are right if someone want to buy a house you will must convert their bitcoin into fiat because i do not think that people will sell their house with bitcoin because some people do not know about bitcoin that bitcoin si which type of currency and how to use it and i think maximum people will sell their house with cash payment .

Buying a house is not so cheap and you need a good amount of money with you to buy a house. It does not matter if you have Fait, bitcoins or Gold and you convert Bitcoin/Gold to local money and buy the house. The thing which matter is you need to have that much amount of total money.

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Quote from: Hatuferu on November 08, 2016, 08:23:30 AM

Quote from: BitcoinPC on November 08, 2016, 08:00:07 AM

Yeah, off course, no problem in it, you have a good dream, i will pray for you, that your dream come true, but only need, you should have a huge number of bitcoins, because when bitcoin price increase than you already have a lot of bitcoins, than sell them and buy a house.
And now bitcoin already grow up and i think it is a good time, if anyone want to sell than they can get good profit.

Just hope for a simple house so you will not dream to much to buy a house. A dream is a dream but if you will not act accordingly you will not be able to buy a house. If bitcoin will go up and we do not have investment then it will not realize our dreams.

It is better to buy a good house so that you can enjoy good life. Bitcoin is a good tool to achieve the dream. You believe on bitcoin and when you see that bitcoin reached to a level that now you are able to buy a house with that money then you convert your bitcoin to the currency of the seller and go to buy that house with that money. It will be like buying your house with bitcoin.

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Quote from: BitcoinPC on November 08, 2016, 08:00:07 AM

Yeah, off course, no problem in it, you have a good dream, i will pray for you, that your dream come true, but only need, you should have a huge number of bitcoins, because when bitcoin price increase than you already have a lot of bitcoins, than sell them and buy a house.
And now bitcoin already grow up and i think it is a good time, if anyone want to sell than they can get good profit.

Just hope for a simple house so you will not dream to much to buy a house. A dream is a dream but if you will not act accordingly you will not be able to buy a house. If bitcoin will go up and we do not have investment then it will not realize our dreams.

BitcoinPC

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Yeah, off course, no problem in it, you have a good dream, i will pray for you, that your dream come true, but only need, you should have a huge number of bitcoins, because when bitcoin price increase than you already have a lot of bitcoins, than sell them and buy a house.
And now bitcoin already grow up and i think it is a good time, if anyone want to sell than they can get good profit.

Skarner21

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Massive price drop coming...

If you invest a lot in bitcoin and make it double or triple your profit when the price goes 3 times high well buying house is a good idea and i think house and buy more house and lot can make you your own business make it apartment and sale rent it to other just make it business and make it as passive income..
It will be good as business if you have lots of house.. that you can offer it to other people to rent your house.

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