If Bitcoin goes up very high should i buy a house? - page 68.

boyptc

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Quote from: Crazygreek on June 03, 2016, 01:57:34 PM

I think yes, house is very imortan, but if you already have it, maybe better to think about car or other good spending for your future life or even business.

Even the bitcoin doesn't goes up we need house it is one of the essential needs for everyone. And that is a good investment if you are going to buy a house not just you can live there but if you don't want to live there anymore you just can sell it anytime.

arwin100

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Quote from: dinda22 on June 03, 2016, 08:55:59 PM

Quote from: Positid on June 03, 2016, 08:42:58 PM

Quote from: hendra147 on June 03, 2016, 06:49:21 PM

Quote from: pearl11 on June 03, 2016, 06:45:46 PM

If the price went up to 10k then i really wanna buy a house,how i wish i have a house with a big garden full of flowers,,were i can do all i want to do in my everyday life.

have a house is everybody's dream, I myself have a plan to buy a house from the bitcoin, and it really should wait for the price to rise higher.

If I can make just 100 BTC but next year I could already buy a house for me and for my parents, this is a good chance for me only as my job is just giving me a fixed rate at a very minimum pay.

if I have 100 BTC, this time I've been able to buy a very nice house, without having to wait for higher prices. but yes wait a few years it was better, because prices can rise higher, so I can buy some home for my family.

For having 100 btc is very hard to get for this State and i think those who holding for that big amount of money is the ponzi scheme site owner and casino site owner and very sure they can buy already a mansion with that huge amount and like us average bitcoin user we cannot really buy a house with bitcoin and thats the reality since we dont earn big amount of bitcoins daily and fix but very sure for that ia by bitcoin we can buy simple things we want but not a house.

dinda22

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Quote from: Positid on June 03, 2016, 08:42:58 PM

Quote from: hendra147 on June 03, 2016, 06:49:21 PM

Quote from: pearl11 on June 03, 2016, 06:45:46 PM

If the price went up to 10k then i really wanna buy a house,how i wish i have a house with a big garden full of flowers,,were i can do all i want to do in my everyday life.

have a house is everybody's dream, I myself have a plan to buy a house from the bitcoin, and it really should wait for the price to rise higher.

If I can make just 100 BTC but next year I could already buy a house for me and for my parents, this is a good chance for me only as my job is just giving me a fixed rate at a very minimum pay.

if I have 100 BTC, this time I've been able to buy a very nice house, without having to wait for higher prices. but yes wait a few years it was better, because prices can rise higher, so I can buy some home for my family.

Positid

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Quote from: hendra147 on June 03, 2016, 06:49:21 PM

Quote from: pearl11 on June 03, 2016, 06:45:46 PM

If the price went up to 10k then i really wanna buy a house,how i wish i have a house with a big garden full of flowers,,were i can do all i want to do in my everyday life.

have a house is everybody's dream, I myself have a plan to buy a house from the bitcoin, and it really should wait for the price to rise higher.

If I can make just 100 BTC but next year I could already buy a house for me and for my parents, this is a good chance for me only as my job is just giving me a fixed rate at a very minimum pay.

hendra147

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Quote from: pearl11 on June 03, 2016, 06:45:46 PM

If the price went up to 10k then i really wanna buy a house,how i wish i have a house with a big garden full of flowers,,were i can do all i want to do in my everyday life.

have a house is everybody's dream, I myself have a plan to buy a house from the bitcoin, and it really should wait for the price to rise higher.

pearl11

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If the price went up to 10k then i really wanna buy a house,how i wish i have a house with a big garden full of flowers,,were i can do all i want to do in my everyday life.

Crazygreek

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I think yes, house is very imortan, but if you already have it, maybe better to think about car or other good spending for your future life or even business.

expert4knowledge

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Quote from: mrhelpful on May 31, 2016, 01:25:12 PM

Quote from: expert4knowledge on May 31, 2016, 01:21:33 PM

If bitcoin increases with the current slope (although it seems impossible) then it may be possible to buy a house in next 1-2 years with one bitcoin.

Even if the prices did hit to buy a house right off the bat, I still wouldnt.

The ownership vs renting scenario is misleading - yes its nice to not pay a mortgage and have a free place to stay - but thats a huge principal thats taken away from you that money can be working for you.

Vs if I did rent somewhere remotely the same - I still can use that money to work instead.

I wouldnt ever be a homeowner unless I have some serious cash making that allows me to be in the position.

It depends how many bitcoins do you have and where do you want to but that house. In many countries houses prices increase a lot.

shane

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Quote from: pearl11 on June 01, 2016, 10:55:01 AM

If its your dream to buy a house through the help of btc then why not go for it.
I dreamed of that too,im so much happy that i have bought a new house using btc.

I thought this would be a dream of all bitcoin users who do not have a home.

but it all depends on the amount that we hold and the highest price achieved

pearl11

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If its your dream to buy a house through the help of btc then why not go for it.
I dreamed of that too,im so much happy that i have bought a new house using btc.

bitlancr

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This would be so cool to buy a house with the bitcoins only plus you do not have to go to a bank to loan some money or something.

italianobitcoin

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It is nice that you can buy some a house with Bitcoin and that is because the value of the house will not reduce in value and that is really nice for the future later.
Because if you want to sell it you can even earn some profit later in the future if the value is rising.

Hatuferu

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Quote from: bryant.coleman on May 31, 2016, 01:30:36 PM

Quote from: STT on May 31, 2016, 01:07:09 PM

Quote

The appreciation in value of Bitcoin will be much more than that of real estate properties or bullion. So be careful when you sell your coins for fiat.

This doesnt have to be true, depends on the market. In 1990 Tokoyo was four times the square foot cost of London and today the situation is reversed with houses in London some of the most expensive globally. This probably relates to the strength of economic demand in each country so I do think in some places with great growth then land could be the best investment.

Also housing reduces costs, you cannot cease to exist till retirement and you must spend some money on a space to live. So its an ideal investment to lower costs and possibly profit from higher demand. I think Bitcoin will only seriously succeed if it also becomes a tool to reducing costs for greater numbers of people over time. It might be the best way to deal with foreign exchange and transfer of wealth between countries, Im not sure.
We cant presume anything imo

Do you know why the real estate rates in Tokyo went down and those in London exploded? The economy of Japan has been in a downward slide ever since the late 1980s. On the other hand, London is one of the fastest growing metropolises in the Western world.

Now look at the future of Bitcoin. Don't you think that the adoption and usage will increase in the near future?

It will definitely increase, I don't have some source to back my statement, but being active here in the community most people here are very optimistic that the price of bitcoins will increase in the future , it's because when there is a massive adoption the price of bitcoins will be affected and by saying affected it is on a positive way.

bryant.coleman

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Quote from: STT on May 31, 2016, 01:07:09 PM

Quote

The appreciation in value of Bitcoin will be much more than that of real estate properties or bullion. So be careful when you sell your coins for fiat.

This doesnt have to be true, depends on the market. In 1990 Tokoyo was four times the square foot cost of London and today the situation is reversed with houses in London some of the most expensive globally. This probably relates to the strength of economic demand in each country so I do think in some places with great growth then land could be the best investment.

Also housing reduces costs, you cannot cease to exist till retirement and you must spend some money on a space to live. So its an ideal investment to lower costs and possibly profit from higher demand. I think Bitcoin will only seriously succeed if it also becomes a tool to reducing costs for greater numbers of people over time. It might be the best way to deal with foreign exchange and transfer of wealth between countries, Im not sure.
We cant presume anything imo

Do you know why the real estate rates in Tokyo went down and those in London exploded? The economy of Japan has been in a downward slide ever since the late 1980s. On the other hand, London is one of the fastest growing metropolises in the Western world.

Now look at the future of Bitcoin. Don't you think that the adoption and usage will increase in the near future?

mrhelpful

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Quote from: expert4knowledge on May 31, 2016, 01:21:33 PM

If bitcoin increases with the current slope (although it seems impossible) then it may be possible to buy a house in next 1-2 years with one bitcoin.

Even if the prices did hit to buy a house right off the bat, I still wouldnt.

The ownership vs renting scenario is misleading - yes its nice to not pay a mortgage and have a free place to stay - but thats a huge principal thats taken away from you that money can be working for you.

Vs if I did rent somewhere remotely the same - I still can use that money to work instead.

I wouldnt ever be a homeowner unless I have some serious cash making that allows me to be in the position.

expert4knowledge

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If bitcoin increases with the current slope (although it seems impossible) then it may be possible to buy a house in next 1-2 years with one bitcoin.

STT

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Quote

The appreciation in value of Bitcoin will be much more than that of real estate properties or bullion. So be careful when you sell your coins for fiat.

This doesnt have to be true, depends on the market. In 1990 Tokoyo was four times the square foot cost of London and today the situation is reversed with houses in London some of the most expensive globally. This probably relates to the strength of economic demand in each country so I do think in some places with great growth then land could be the best investment.

Also housing reduces costs, you cannot cease to exist till retirement and you must spend some money on a space to live. So its an ideal investment to lower costs and possibly profit from higher demand. I think Bitcoin will only seriously succeed if it also becomes a tool to reducing costs for greater numbers of people over time. It might be the best way to deal with foreign exchange and transfer of wealth between countries, Im not sure.
We cant presume anything imo

Positid

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Quote from: bryant.coleman on May 31, 2016, 12:28:17 AM

If you don't own a house already, then it may be advisable to purchase one. But in my opinion, one should hold on to the majority of their coins, at least till the time of their retirement. Bitcoins are protected against inflation through the principle of controlled supply. The purchasing power of Bitcoin will rise as more and more people use them. The appreciation in value of Bitcoin will be much more than that of real estate properties or bullion. So be careful when you sell your coins for fiat.

I should follow your advise now as it is so realistic, I understand that bitcoins has been widely use all over the world today, therefore if they will continue to patronize bitcoins we can see some massive adoption in the future and would really affect the price of bitcoins, the price will go high and the value of what we are holding will increase.

bryant.coleman

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If you don't own a house already, then it may be advisable to purchase one. But in my opinion, one should hold on to the majority of their coins, at least till the time of their retirement. Bitcoins are protected against inflation through the principle of controlled supply. The purchasing power of Bitcoin will rise as more and more people use them. The appreciation in value of Bitcoin will be much more than that of real estate properties or bullion. So be careful when you sell your coins for fiat.

jak3

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buying a house will be q good option and the to earn profit with the digital currencys we should convert them into faint . and making assets rater than money are always good plans i will say buy a house if possible that will be the best use of your money. do not think that if you can wait very long then price will increase more the bigger greed any you will lose ypur oppertunity so after block halving if possible then buy a house

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