If Bitcoin goes up very high should i buy a house? - page 81.

jkrules

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Quote from: winspiral on March 28, 2016, 02:51:29 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.

The answer is not so simple because it depends on 3 factors
1)...the price of the house
2)...the price of the bitcoin
3)...how many bitcoin you get

But in the meantime i suggest you to claim free share on my U2cloudmining systel...so at least you will get few satoshi.
because...if the satoshi price goes very very very very high you should be able to buy a house with...
Have a nice day...

Try to invest in multiple places to distribute the risk of loss. If you distribute you will also be in safe side from this ongoing bitcoin price volatility.

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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.

The answer is not so simple because it depends on 3 factors
1)...the price of the house
2)...the price of the bitcoin
3)...how many bitcoin you get

But in the meantime i suggest you to claim free share on my U2cloudmining systel...so at least you will get few satoshi.
because...if the satoshi price goes very very very very high you should be able to buy a house with...
Have a nice day...

jkrules

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Quote from: angaper on March 27, 2016, 05:39:00 PM

Actually you should not make this type of important decisions based on other's recommendations. The great responsibility involved in it should lead you to ask to investment managers and your own family, because the financial future of them can be also involved.

Properties are good investment, its a hedge against inflation and you save rent too.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.

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Quote from: Kingno.1 on March 25, 2016, 10:51:27 AM

Yes you should buy a house if bitcoin goes very high.
People earn money to fulfill their basic needs .
Only saving money and living unhappy life makes no sense and that too when you have lots of money to spend.

I think it's not about fulfill their basic needs about place to living. I think it's about make your investment more safe, like buy a house or a apartment. Yes the bitcoin's price is goes very high but someday the price will decrease again.

angaper

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Actually you should not make this type of important decisions based on other's recommendations. The great responsibility involved in it should lead you to ask to investment managers and your own family, because the financial future of them can be also involved.

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Real estate depending on where you are in the world can be a ponzi scheme waiting to burst.
I know a few people made some good money off the last bubble and snatched up florida properties cheap when I thought that was crazy.
Flash forward to today and they made 30% gain due to the dollar going up in value compared to our Canadian dollar. It was a risk but they profited handsomely.
I live in one of the most over priced real estates markets in the world that is flooded with Chinese money,the bubble is going to burst on these houses that are going for millions of dollars and when it does the speculators are going bust. The reverse mortgage people will go bankrupt.
It will trigger a flood gate of people leaving the market.

See bitcoin moving in the same fashion and think there are more profitable places to put your money then a allin situation like real estate.

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Quote from: Mr. Big on March 26, 2016, 01:57:47 AM

Quote from: ?? on ??

Let's be even more positive... If Bitcoin goes up extremely high, should you buy a castle? Tongue

That's nice to be positive in bitcoin world, but lets be realistic on what we can buy with bitcoin..A house is a good plan to buy when the price soar, and a pretty good investment too..

even with positive it's possible, but with realistic it's hard to think
the land that be so large as castle is hard to find. if you can possibly find them, the place is possible is like farm/small village
still house is more reliable to buy than castle though if the prices go very high Roll Eyes

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Quote from: ?? on ??

Let's be even more positive... If Bitcoin goes up extremely high, should you buy a castle? Tongue

That's nice to be positive in bitcoin world, but lets be realistic on what we can buy with bitcoin..A house is a good plan to buy when the price soar, and a pretty good investment too..

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Quote from: Kingno.1 on March 25, 2016, 10:51:27 AM

Yes you should buy a house if bitcoin goes very high.
People earn money to fulfill their basic needs .
Only saving money and living unhappy life makes no sense and that too when you have lots of money to spend.

Yeah as said none know about the future, so if you own some bitcoin to buy a house make it earlier and fulfil your basic need.

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Quote from: jack1111 on March 25, 2016, 11:08:28 AM

I heard that bitcoin in the end of June will rise to 580 $ , I hope that .

Omg really? Need to get some coins faster cause if you are saying a truth it will be really profitable summer for us. I really hope that too!

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Quote from: Kingno.1 on March 25, 2016, 10:51:27 AM

Yes you should buy a house if bitcoin goes very high.
People earn money to fulfill their basic needs .
Only saving money and living unhappy life makes no sense and that too when you have lots of money to spend.

true, you should buy a home. if you have a lot of money, you have to exchange it with something that is expensive and can you see in the future bro Grin

jack1111

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I heard that bitcoin in the end of June will rise to 580 $ , I hope that .

Kingno.1

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Yes you should buy a house if bitcoin goes very high.
People earn money to fulfill their basic needs .
Only saving money and living unhappy life makes no sense and that too when you have lots of money to spend.

rio3233

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Quote from: jkrules on March 25, 2016, 05:41:56 AM

Quote from: romero121 on March 25, 2016, 02:18:07 AM

If bitcoin goes high buying a house is surely a good decision. The reason is now with increased price of bitcoin after halving for low number of bitcoin house can be bought which is highly profitable.

you don't need to wait for the future. if you have a lot of bitcoin right now, you can buy a house now,
bitcoin is real money, you can spend anytime

Yes you right. But i think better wait until halving is coming or after halving and we see if bitcoin's price increase so high, better sell it all and invest on a house or property.

jkrules

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Quote from: romero121 on March 25, 2016, 02:18:07 AM

If bitcoin goes high buying a house is surely a good decision. The reason is now with increased price of bitcoin after halving for low number of bitcoin house can be bought which is highly profitable.

you don't need to wait for the future. if you have a lot of bitcoin right now, you can buy a house now,
bitcoin is real money, you can spend anytime

Hutalar

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Quote from: romero121 on March 25, 2016, 02:18:07 AM

If bitcoin goes high buying a house is surely a good decision. The reason is now with increased price of bitcoin after halving for low number of bitcoin house can be bought which is highly profitable.

Yes the news of halving is already increasing the price of bitcoin and I am sure that when the time of halving will come then the price will be more higher so at that time we will spend a little amount of bitcoin to buy a house.

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If bitcoin goes high buying a house is surely a good decision. The reason is now with increased price of bitcoin after halving for low number of bitcoin house can be bought which is highly profitable.

bankingbtc

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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.

of course because price can drop any minute then so faster you will spend them, happier you will be

also if bitcoins will be so expensive then i don't think that you will need to change to fiat, because everyone will accept them as normal money

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Quote from: richmcrich on March 24, 2016, 10:40:43 AM

If bitcoin price goes up enough for you to do that then I think it would be a smart investment, People always say that keeping your all investments in one basket is bad therefore investing in bitcoin and other things like real estate can be smart.

I guess if you have a lot of bitcoin, buying a home is the best thing. it is a kind of investment for the future, because the house that you can also make money. it was very nice fella

martinacar

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Yes you should really do that I think it also will be the future if I'm honest this will happen more often in the future, the only thing is that the bitcoin should rise to a higher amount to make it possible for you.
Maybe the halving can help you with this but I have doubts about that.

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