If Bitcoin goes up very high should i buy a house? - page 55.

Goms

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Quote from: doublemore on October 29, 2015, 05:04:54 AM

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 better to have your own house if you can afford to, the money spent on rent can be used on something else and then there is peace of mind as well... forget about having to let go of 80% of your net worth.

boyptc

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Quote from: MariusAr on July 23, 2016, 08:06:56 AM

well, depends of how much bitcoin you have at that moment in time. But if you have enough, sure, do it.

If you are only holding small amount of bitcoins today then it is better that you are going to work for bitcoins today or if not buy some bitcoins.
And it is really a good thing and going to make yourself satisfy if you are going to buy your own house. That is also my plan if ever I'm going to collect
all of my bitcoins.

pearl11

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Quote from: MariusAr on July 23, 2016, 08:06:56 AM

well, depends of how much bitcoin you have at that moment in time. But if you have enough, sure, do it.

Definitely ,if the btc you have save is enough to buy a house.
And the price of bitcoin os 20000$

MariusAr

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well, depends of how much bitcoin you have at that moment in time. But if you have enough, sure, do it.

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Quote from: boyptc on July 23, 2016, 07:37:53 AM

Quote from: Positid on July 23, 2016, 05:25:02 AM

Quote from: Daneric on July 21, 2016, 05:21:55 AM

I will count you as a wise person if you bought a house when the bitcoin price goes up. First, you invested a small amount of bitcoin and disposed it off when the price had risen. Secondly, you buy a house from your returns which to me is a very good physical asset which can appreciate in value. Unlike other assets like cars which depreciate, a house will be a sure investment.

That's it for you, house is both liability or investment depending on how you will use it. If you use your house and rent it that could mean it is an investment but if you are just using it for your personal purpose then you have to bear the expenses and that is a liability.

Even the price of bitcoin not going to be very high you must really buy your own house. Because it is everyone's dream to have their own house.
And you must really buy one of it, because it is one of the best investment that you are not going to regret whenever you are going to buy it today an as the time goes by value of it goes stronger.

if the price of bitcoin is not risen very high, we must to have a lot of bitcoin to buy a house. but if prices rise very high bitcoin, we do not need to have a lot of bitcoin to buy a house. so I chose to wait for prices to rise high bitcoin to buy a house.
even if what you say is true, if the price of bitcoin is not increased, I have to keep buying a house, but it will probably be longer, because I have to collect bitcoin more.

boyptc

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Quote from: Positid on July 23, 2016, 05:25:02 AM

Quote from: Daneric on July 21, 2016, 05:21:55 AM

I will count you as a wise person if you bought a house when the bitcoin price goes up. First, you invested a small amount of bitcoin and disposed it off when the price had risen. Secondly, you buy a house from your returns which to me is a very good physical asset which can appreciate in value. Unlike other assets like cars which depreciate, a house will be a sure investment.

That's it for you, house is both liability or investment depending on how you will use it. If you use your house and rent it that could mean it is an investment but if you are just using it for your personal purpose then you have to bear the expenses and that is a liability.

Even the price of bitcoin not going to be very high you must really buy your own house. Because it is everyone's dream to have their own house.
And you must really buy one of it, because it is one of the best investment that you are not going to regret whenever you are going to buy it today an as the time goes by value of it goes stronger.

Positid

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Quote from: Daneric on July 21, 2016, 05:21:55 AM

I will count you as a wise person if you bought a house when the bitcoin price goes up. First, you invested a small amount of bitcoin and disposed it off when the price had risen. Secondly, you buy a house from your returns which to me is a very good physical asset which can appreciate in value. Unlike other assets like cars which depreciate, a house will be a sure investment.

That's it for you, house is both liability or investment depending on how you will use it. If you use your house and rent it that could mean it is an investment but if you are just using it for your personal purpose then you have to bear the expenses and that is a liability.

Daneric

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I will count you as a wise person if you bought a house when the bitcoin price goes up. First, you invested a small amount of bitcoin and disposed it off when the price had risen. Secondly, you buy a house from your returns which to me is a very good physical asset which can appreciate in value. Unlike other assets like cars which depreciate, a house will be a sure investment.

goldcoinminer

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Quote from: dunfida on July 21, 2016, 05:11:56 AM

Quote from: Altynbekova on July 21, 2016, 05:03:20 AM

Quote from: Hatuferu on May 29, 2016, 10:14:36 PM

Quote from: Ziskinberg on May 29, 2016, 04:58:02 AM

Quote from: jossiel on May 28, 2016, 07:52:31 AM

Quote from: Ziskinberg on May 27, 2016, 10:52:11 PM

I would definitely buy a house as I am only renting now, having your own house is a good accomplishment in life especially when the money was taken from the income you earn in bitcoins, that's rare that is why I like it.

I will not just buy a house, but I will buy also cars and put up a business that can make me earn for living plus the potential profit that I can get
with bitcoin.
House is always a necessity for all of us, even though bitcoin will not that be high. I'm always dreaming to have my own house.

LOL. Buy everything man, at least we are proud that our huge income came from bitcoins, we will never know but as long as we believe it might happen in the future but to a certain date I am not sure.

Buying a house is a good idea because its a necessity and everyone should have a shelter but to invest in different business venture for me is also a good idea to maximize your profit.

I also think that buying a house is a good think but do you really think that you are going to make enough money with Bitcoin to buy a house.
I do not think that you are going to make that much money but I hope that you do.

Nothing is impossible man as long as we live there's hope for reaching our dreams. No one can see the future maybe someday with Bitcoin well get rich. It's nearly impossible since we don't hold large amount of btc, that's why we're striving everyday to save o even buy Bitcoin. Hoping someday it would increase its price and we can buy the things that we wish for.

We can only be rich if we take into actions our plans in bitcoin, investing is a good way to be rich but without a decent amount invested we cannot achieve our goals.

Right now, our focus should be savings especially if we are earning from our online job.

dunfida

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Quote from: Altynbekova on July 21, 2016, 05:03:20 AM

Quote from: Hatuferu on May 29, 2016, 10:14:36 PM

Quote from: Ziskinberg on May 29, 2016, 04:58:02 AM

Quote from: jossiel on May 28, 2016, 07:52:31 AM

Quote from: Ziskinberg on May 27, 2016, 10:52:11 PM

I would definitely buy a house as I am only renting now, having your own house is a good accomplishment in life especially when the money was taken from the income you earn in bitcoins, that's rare that is why I like it.

I will not just buy a house, but I will buy also cars and put up a business that can make me earn for living plus the potential profit that I can get
with bitcoin.
House is always a necessity for all of us, even though bitcoin will not that be high. I'm always dreaming to have my own house.

LOL. Buy everything man, at least we are proud that our huge income came from bitcoins, we will never know but as long as we believe it might happen in the future but to a certain date I am not sure.

Buying a house is a good idea because its a necessity and everyone should have a shelter but to invest in different business venture for me is also a good idea to maximize your profit.

I also think that buying a house is a good think but do you really think that you are going to make enough money with Bitcoin to buy a house.
I do not think that you are going to make that much money but I hope that you do.

Nothing is impossible man as long as we live there's hope for reaching our dreams. No one can see the future maybe someday with Bitcoin well get rich. It's nearly impossible since we don't hold large amount of btc, that's why we're striving everyday to save o even buy Bitcoin. Hoping someday it would increase its price and we can buy the things that we wish for.

Altynbekova

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Quote from: Hatuferu on May 29, 2016, 10:14:36 PM

Quote from: Ziskinberg on May 29, 2016, 04:58:02 AM

Quote from: jossiel on May 28, 2016, 07:52:31 AM

Quote from: Ziskinberg on May 27, 2016, 10:52:11 PM

I would definitely buy a house as I am only renting now, having your own house is a good accomplishment in life especially when the money was taken from the income you earn in bitcoins, that's rare that is why I like it.

I will not just buy a house, but I will buy also cars and put up a business that can make me earn for living plus the potential profit that I can get
with bitcoin.
House is always a necessity for all of us, even though bitcoin will not that be high. I'm always dreaming to have my own house.

LOL. Buy everything man, at least we are proud that our huge income came from bitcoins, we will never know but as long as we believe it might happen in the future but to a certain date I am not sure.

Buying a house is a good idea because its a necessity and everyone should have a shelter but to invest in different business venture for me is also a good idea to maximize your profit.

I also think that buying a house is a good think but do you really think that you are going to make enough money with Bitcoin to buy a house.
I do not think that you are going to make that much money but I hope that you do.

martinacar

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You should buy a house if the Bitcoin price is high enough and you are going to be able to buy a house then you should do it.
A house can also go up in value so buy a house if you really feel like buying one.

goldcoinminer

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Quote from: diegz on July 17, 2016, 04:56:48 AM

Quote from: mirakal on July 17, 2016, 04:52:00 AM

Quote from: Positid on July 17, 2016, 04:16:55 AM

Quote from: Mr. Big on July 17, 2016, 01:21:31 AM

Quote from: yenxz on July 17, 2016, 12:59:31 AM

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..

Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.

Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

A big house means bigger maintenance, and if you are only three in the family, a simple studio type house is enough I think, but if you have bigger family, buy a house that would make you all sleep comfortably. I'd rather buy a house than investing the money that I have, a house is almost secure investment compared to investing in those investment programs.

I have to disagree with your statement, house is not a secure investment as it is a liability, imagine you are paying for the expense to maintain a house including insurance expense and if you are just personalizing your house it will not generate income for you.

diegz

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Quote from: mirakal on July 17, 2016, 04:52:00 AM

Quote from: Positid on July 17, 2016, 04:16:55 AM

Quote from: Mr. Big on July 17, 2016, 01:21:31 AM

Quote from: yenxz on July 17, 2016, 12:59:31 AM

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..

Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.

Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

A big house means bigger maintenance, and if you are only three in the family, a simple studio type house is enough I think, but if you have bigger family, buy a house that would make you all sleep comfortably. I'd rather buy a house than investing the money that I have, a house is almost secure investment compared to investing in those investment programs.

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Quote from: Positid on July 17, 2016, 04:16:55 AM

Quote from: Mr. Big on July 17, 2016, 01:21:31 AM

Quote from: yenxz on July 17, 2016, 12:59:31 AM

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..

Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.

Exactly, we should still live below our means if we want to be rich, we should know how to save and diversify our investment to secure consistent profit, our big house is not justifiable if we cannot provide all the necessary expenses to maintain it.

Positid

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Quote from: Mr. Big on July 17, 2016, 01:21:31 AM

Quote from: yenxz on July 17, 2016, 12:59:31 AM

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..

Yeah house is very important as it is a basic needs for shelter of our family, if the price of bitcoins will be high enough that we will be tempted to cash out our investment we should also think of buying a house that is not too expensive and that would also imply huge maintenance cost.

Mr. Big

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Quote from: yenxz on July 17, 2016, 12:59:31 AM

I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

That's a bit risky for me, I'd rather buy a house if the bitcoin that I have is already enough than engaging in investments.. remember that house and lot price rise from year to year, so if you have enough bitcoin right now, who knows, next year that might not be enough to buy a house..Better buy a house to avoid renting and just paying your property tax yearly..

yenxz

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I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .

Bitcotalk

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Quote from: boyptc on July 12, 2016, 08:51:50 PM

Quote from: arbitrage001 on July 12, 2016, 03:07:09 PM

Quote from: Posum578 on July 11, 2016, 04:40:01 AM

Quote from: arbitrage001 on July 11, 2016, 01:36:09 AM

House should not be treated as an investment.

House can be investment
You can use it for rent and gain monthly income
Also house price never going fall, more time you own it the price will go up

Are you sure house price never fall?

The price of house falls when the house is already old tendency the price is going to be cheaper at all. But with the lot this is the best investment at all because it is just like gold it's price never fall.
As the time goes by, the price of it is just going to become higher and higher.

But in my area the price of the house increases with each passing day, as the value of land in my lace increases every day, and for the increasing value of land no one focus on the building age.

bitlancr

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Quote from: takingthis4 on July 16, 2016, 03:32:33 PM

Quote from: Zadicar on July 13, 2016, 01:29:04 AM

If you have lot of Bitcoin, why not?. It all depends when would Bitcoin increase it price, if it would reach $4k, then. You have atleast 100btc then convert to fiat then buy a house. There are lot of things that Bitcoin can do, it will matter to its price though.

yeah, i think that if bitcoin goes up in the future then you should surely buy a house for it because in my opinion bitcoins are created to spend it and not just hold all the time

Real estate is always a good option on the long term. I am into a little bit of real estate too and like gold it's very solid as an investment.
It holds value but also keep increasing.

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