If Bitcoin goes up very high should i buy a house? - page 6.

pugman

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Quote from: doublemore on October 29, 2015, 04:04:54 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.

Yes, why not ,even though the idea seems ridiculous, you can go for it. Food ,clothing, shelter are the three main basic sources that every human needs and if you can buy a house, then you can easily take care of clothing and food.
About landlords they are doing this because they also want money for their basic needs and for their family, it's your wish on how you want to spend your bitcoin on, but just make a wise enough decision which you will not regret later on.

richkellj

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Quote from: rickadone on September 14, 2017, 01:46:47 AM

Quote from: PalindromemordnilaP on September 11, 2017, 01:16:45 AM

It depends on you sir because you can actually buy a house with BTC. Or, you can also keep it because if we look at value of BTC, it's noticeably surging all the time so it's better to just keep it until you will notice that its value is decreasing.

I will agree to your logic of reasoning. It is better to keep your Bitcoins at the time when the prices are going up and hold it for more and more profit instead of just buying a house. Buying a house is not a bad option, but it will not help you in earning more profit and more money. You need to make the best use of your Bitcoins.

It is not a good option to keep all of your bitcoins in wallet when the prices are going up, rather you should cash out some of your coins to fulfill your wishes and dreams, keeping rest in wallet for future purpose. What’s need of having large number of bitcoins when you don’t even have your own house to live?

batang_bitcoin

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Quote from: man1996 on September 17, 2017, 11:52:09 AM

I don't think so that i will buy a house from my bitcoins even if the bitcoin goes up.I think I will save my bitcoins for future uses and spend a little amount on my needs.When I will be having enough bitcoins maybe I will buy a car or something like that.

Why you don't think of it? It's everyone's goal to have valuable items that can stay for us for the rest of our lives. Other wants Lambo and other wants his/her own home. Why not try to aim house and lot first, it's value is increasing every 3 months (correct me if I'm wrong). And aim your own car after having your home sweet home and your life is now complete.

Therly

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To make an investment decision in a property is a single of the ideal investments that you can make simply because a home will in no way tumble in price and that is best for a investment decision.So if you want to offer it afterwards in the long term than you can have even some revenue with it and that is best for you, you will only require a whole lot of cash to buy a home.

man1996

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I don't think so that i will buy a house from my bitcoins even if the bitcoin goes up.I think I will save my bitcoins for future uses and spend a little amount on my needs.When I will be having enough bitcoins maybe I will buy a car or something like that.

Biggapp

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Quote from: Chyton on September 15, 2017, 09:37:24 AM

I would say that is a wise choice on the condition that you don't have any house (it will be your first house) and you don't want any mortgage (liability) tied to your name.
Cashing out 80% is wise enough, but at 90%? I don't think so because you said it yourself that Bitcoin is going to have a really high price.

Well! No doubt the price of the bitcoin is increasing and the profit is also getting high so it is easy to buy thing you need. Bitcoin users are enjoying the luxuries and they are making profit and profit. According to me the money if you invested a lot then you should invest and wait for long time and soon you will be able to buy house by cashing out 50% of your income from bitcoin. So just chill and buy a house by selling your bitcoin.

michnelli6

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Quote from: Palider on September 14, 2017, 03:10:56 AM

Quote from: doublemore on October 29, 2015, 04:04:54 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 possible that you can buy it if you can not afford the money, if you know how to accumulate? You will be able to do it especially when the bitcoin's life span lasts up the amount it gives up, not just you? not even me? But for all of us who use it

. If you have little bitcoin use? and do you remember what you should and can not do? Can you afford to earn a good amount of money in one day? And when you know how to save money, you can afford to buy a house using your patience. Keep it up a nice good work Wink

.

Yes, yes. You need to make an achievement. Don’t mind anyone that tries to deceive you not to buy a house, some people will never give a good advice. All they do is give stupid advice that will never benefit you in future. So I say buy a house, as far as you’ve made an amount that is enough to do so, as far as you have an amount to buy it and still have more remaining.

Gaff

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Quote from: ThatChange on September 10, 2017, 03:43:29 AM

It's all up to you man, a house is a very good investment because it doesnt depreciate instead it just goes up in value usually, land is very important now, the more land you have the richer you technically are so you could take it to the moon and be the man that took btc to another level.

But I guess that is not smart. If you do that you need a lot of Bitcoins I think. May you should now wait indeed for a good value. I think the price rise will come very soon, we all hope for it. It all depends on you.

If you need a house and the real estate market in your area isn't already pumped to the sky, then why not? You can also choose to buy just started companies if you think they have a very high potential of succeeding.

For that price right now I don't think you can use your fund if bitcoin's price still remains volatile. Waiting is a very common ideas that investors will choose to do now, bitcoin price will have to gain it's better value before we can dump our holding for important expenses like of property buying. Even if other people had negative expectations about it, but it's not the end of everything and bitcoin existence will still prevail.

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Quote from: doublemore on October 29, 2015, 04:04:54 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.

That is a great idea but i think you shouldn't cash out your bitcoin with that percent maybe you can use the 50% of your bitcoin to have at least a payback because if you are going to cash out that kind of amount it is hard for you to get back what you lose. But that is a very good idea to have a house with the use of your hardworks.

Chyton

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I would say that is a wise choice on the condition that you don't have any house (it will be your first house) and you don't want any mortgage (liability) tied to your name.
Cashing out 80% is wise enough, but at 90%? I don't think so because you said it yourself that Bitcoin is going to have a really high price.

Sled

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Quote from: SilverKan on September 15, 2017, 08:26:16 AM

It would be nice if you can buy a house with Bitcoin of course because if people are going to make an investment than the best investment that you can make is a house and that is nice. But of course you have to need a lot of coins or the value must rise for a long time to buy it.

If you even have a small amount of bitcoin and the value is still low for you then you can still buy a house if you are just going to grow your bitcoin so you can have a higher amount of bitcoin then you can have a lot of fiat money also because that is the solution if you are still not satisfied with the value of your bitcoin, grow it so you can have more value in fiat so you can be able to buy a house.

kafiddrhman

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yes of course to get all that takes time and the maximum effort to be able to achieve it, and I believe with the investment in Bitcoin of course you will have a greater chance to be able to realize all your expectations

SilverKan

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It would be nice if you can buy a house with Bitcoin of course because if people are going to make an investment than the best investment that you can make is a house and that is nice. But of course you have to need a lot of coins or the value must rise for a long time to buy it.

BitSat

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Quote from: kevpantof on September 15, 2017, 05:22:43 AM

Quote from: Samueltalk on September 11, 2017, 04:08:47 AM

Quote from: doublemore on October 29, 2015, 04:04:54 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.

If bitcoin rises high, I will donate to people who need money, so they receive the results of botcoin ...

That’s so generous of you. I hope we all can understand each other’s problem and keep helping one another to reduce our pains. Indeed we should share our earnings with those who are badly deprived of money. Let’s all join hands to help needy people around the world, only this way we can help bitcoins for eradicating poverty from the world.

Currently this world need peoples like this because we have very less peoples with this thinking its good opportunity to understand and share problems with peoples who have nothing and need too much intention from us some NGO's working on this cause but still need too many peoples in this cause hope you will one of them

kevpantof

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Quote from: Samueltalk on September 11, 2017, 04:08:47 AM

Quote from: doublemore on October 29, 2015, 04:04:54 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.

If bitcoin rises high, I will donate to people who need money, so they receive the results of botcoin ...

That’s so generous of you. I hope we all can understand each other’s problem and keep helping one another to reduce our pains. Indeed we should share our earnings with those who are badly deprived of money. Let’s all join hands to help needy people around the world, only this way we can help bitcoins for eradicating poverty from the world.

fabrizoc

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Quote from: Michhotdog on September 10, 2017, 06:48:34 AM

When bitcoin rises high, each person can buy himself whatever he wants. Buying real estate is the most necessary for many owners of coins who dream of getting rich.

Indeed! You can buy whatever you want with bitcoins provided the seller is aware of this latest type of currency. It would be easier to make a deal then but if he is not accepting bitcoins, no worries at all. There is option of converting bitcoins into fiat. I am myself hoping of buying an apartment with bitcoins.

Nameless27

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Quote from: poisonivy77 on September 14, 2017, 09:39:22 AM

Quote from: Nameless27 on September 14, 2017, 04:09:50 AM

As the price at 2015 has even tripled in 2017, if you have invested a huge amount of bitcoin and hold it until this days. You can't just buy a house, you can even buy a mansion with those bitcoin. That is exactly what to those stories of luck that has been circulating around this forum for many months. Our fortune depends on luck and passion towards something we believe in.

It is possible that you could buy a house if bitcoin become high in value, given that you have a high rank it will be easier for you to achieve your goal. you could also increase your earnings by trading or investing.

I would say you were right half of it, if the value is a high and you hold before or few years back you gain a profit 3 - 4 times this past few weeks when the price is on 4900$. But being a high ranked is nothing to do with how lucky we are in bitcoin. I've seen much more potential newbies here than I am. They have the skills that more profitable than any high ranking member we have. So it is the ability of someone how he would earned a fortune.

poisonivy77

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Quote from: Nameless27 on September 14, 2017, 04:09:50 AM

As the price at 2015 has even tripled in 2017, if you have invested a huge amount of bitcoin and hold it until this days. You can't just buy a house, you can even buy a mansion with those bitcoin. That is exactly what to those stories of luck that has been circulating around this forum for many months. Our fortune depends on luck and passion towards something we believe in.

It is possible that you could buy a house if bitcoin become high in value, given that you have a high rank it will be easier for you to achieve your goal. you could also increase your earnings by trading or investing.

Nameless27

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As the price at 2015 has even tripled in 2017, if you have invested a huge amount of bitcoin and hold it until this days. You can't just buy a house, you can even buy a mansion with those bitcoin. That is exactly what to those stories of luck that has been circulating around this forum for many months. Our fortune depends on luck and passion towards something we believe in.

Bobmarley2000

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If you invested enough in bitcoin and think you can afford a house, yes why not. But you should think like this: do you think have enough money to keep living in that house or do you need to work even harder?.

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