If Bitcoin goes up very high should i buy a house? - page 91.

Bardman

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Quote from: sana54210 on January 26, 2016, 02:08:34 PM

Quote from: Bardman on January 26, 2016, 09:03:28 AM

Quote from: DaddyMonsi on January 25, 2016, 03:55:28 AM

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

Bitcoins is mainly used for the volatality and hence even if we can't find a passive income opportunity, holding the coins would be more than enough. The people who bought BTC when the price was $1 for a bitcoin must have now accumulated a lot to buy a house but selling those bitcoins is the only thing that's questionable.

Who the fuck uses bitcoins for it's volatility besides traders. If bitcoins are volatile holding them is not a good idea, do you even use logic? Yeah people who bought bitcoins at 1 dollar made profit and people who bought at 1000$ are now crying, what's your point?

Newcoins2020

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You can do that. But I think that the retention of the bitcoin is more prudent.

Maybe it's not even up. if you have or need a lot of Bitcoins.

upsidedown75

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Buying a house or land is a great idea but I doubt owners would accept more than 10-20% of the amount in bitcoins due to the price fluctuations. It's much better to invest in jewels like gold instead as you can buy gold online as well and easily while buying property can be tough.

ajun96

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yeah sure, you can try to collect from now and save. if you want to collect 20k satoshi every day for the next 20 years, I think you could buy a home Cheesy

Supercrypt

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Quote from: RealBitcoin on January 25, 2016, 09:32:11 PM

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.

Probably not, I think the housing market is very inflated now, it would not be a good idea to buy house in this inflated market.

Wait a 5-6 more years and see if the price drops lower, there is a massive imbalance in empty houses and demand for it, the price will probably go down.

In my city, the housing prices have doubled over the past 6 months and the properties that were worth around 70k dollars is worth 140k now. It's always wise to invest in properties but very few people do accept bitcoins in exchange for properties and the only way out is to exchange it for fiat first and then buy the house.

DaddyMonsi

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Quote from: Bardman on January 26, 2016, 09:03:28 AM

Quote from: DaddyMonsi on January 25, 2016, 03:55:28 AM

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

What about those who owns Bitcoin casino? Their earnings from running such site, can that be considered as a passive income? Also those who runs a blog and accepts ads from different site owners who are into Bitcoins, can those be considered as passive income?

YoonYeonghwa

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Quote from: shogdite on January 26, 2016, 06:18:39 PM

Quote from: Anegg on January 26, 2016, 06:04:14 PM

You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.

Gotta love observation! OP is imaging the price of btc goes to 5 digits so it would not need that many to buy average house actually. Assuming his dreams are achieved what are likely not to be then 30-50btc would be enough to buy a 300k house. I would if i could but mine would be cashed to ease up and reduce the current mortgage. 80-90% of your money in btc im sure you dont need me to tell you how risky that is lol

Well that makes sense. But that is going to take a very long time and it may never happen.

shogdite

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Quote from: Anegg on January 26, 2016, 06:04:14 PM

You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.

Gotta love observation! OP is imaging the price of btc goes to 5 digits so it would not need that many to buy average house actually. Assuming his dreams are achieved what are likely not to be then 30-50btc would be enough to buy a 300k house. I would if i could but mine would be cashed to ease up and reduce the current mortgage. 80-90% of your money in btc im sure you dont need me to tell you how risky that is lol

Anegg

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You would need a lot of Bitcoins to buy a house because the price of Bitcoin isn't going to go that high.

randy8777

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Quote from: Pollak on January 26, 2016, 05:20:19 PM

Investing in property is a good idea. I would do the same.
Either a house or join a group of investors to buy some property in asia.

investing in real estate is good if you manage to buy at cheap somewhere in an upcomming country. i would definitely not buy real estate in asia as the markets there have reached their ath's already. that's how the situation is currently. who knows, by the time bitcoin reaches a huge amount you can enter the asian market at a low price. then you have invested your money wisely.

Pollak

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Investing in property is a good idea. I would do the same.
Either a house or join a group of investors to buy some property in asia.

sana54210

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Quote from: Bardman on January 26, 2016, 09:03:28 AM

Quote from: DaddyMonsi on January 25, 2016, 03:55:28 AM

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

Bitcoins is mainly used for the volatality and hence even if we can't find a passive income opportunity, holding the coins would be more than enough. The people who bought BTC when the price was $1 for a bitcoin must have now accumulated a lot to buy a house but selling those bitcoins is the only thing that's questionable.

Bardman

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Quote from: DaddyMonsi on January 25, 2016, 03:55:28 AM

If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

You will never find a good passive income with bitcoins that you can't find in fiat already, sorry, at least not now. There is no point in trying to make bitcoins from nothing, it's better to get a job and work for a few months then buy bitcoins.

RealBitcoin

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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.

Probably not, I think the housing market is very inflated now, it would not be a good idea to buy house in this inflated market.

Wait a 5-6 more years and see if the price drops lower, there is a massive imbalance in empty houses and demand for it, the price will probably go down.

DaddyMonsi

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If I found a passive income with Bitcoins, it's possible that I can buy a house using the income that I get from trading or dealing with Bitcoin. The lowest monthly amortization that I know here in my country is 0.4BTC but that is payable in 25 years Grin

Amph

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Quote from: Lutzow on January 25, 2016, 01:37:56 AM

The best investment in the land is land itself as marketing agents always say. The supply of bitcoin is increasing while land is not so in rarity sense, house and lot should be more valuable so if you think the btc value is high enough around the halving period then grab a house then.

buying house and renting them is also a good investment, land can be better but with bad weather, it can be worse, it depend heavily on the location

for myself i know i would by a land so i would save a big ass of money on some fruit and vegetable, and egg maybe...

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Quote from: romero121 on January 25, 2016, 02:13:09 AM

Quote from: Anegg on January 24, 2016, 07:03:22 PM

Bitcoin will definitely reach a substantial price, but it isn't going to go that high that you could buy a house.

Thats a nice plan to invest in house or properties if the price goes high suddenly. Those properties remains to be a backup at times of fall in value of bitcoin, So sure you can go for a house based on hike in value

The house will be a physical asset you can sell later, but it will carry expenses too, and people tend to forget about these expenses. < Municipal Rates & Taxes on the property / Maintenance of the physical structure > If you subtract that over time from the first investment and you received no rental income to cover that, you will find that the profit on that property will be much lower than what you might have had, if you just waited for the price of Bitcoin to rise even higher.

I guess a physical property feels safe for people investing in traditional commodities like gold and silver and real estate.

romero121

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Quote from: Anegg on January 24, 2016, 07:03:22 PM

Bitcoin will definitely reach a substantial price, but it isn't going to go that high that you could buy a house.

Thats a nice plan to invest in house or properties if the price goes high suddenly. Those properties remains to be a backup at times of fall in value of bitcoin, So sure you can go for a house based on hike in value

Lutzow

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The best investment in the land is land itself as marketing agents always say. The supply of bitcoin is increasing while land is not so in rarity sense, house and lot should be more valuable so if you think the btc value is high enough around the halving period then grab a house then.

blackmachinegun

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Quote from: Pab on January 24, 2016, 07:52:44 PM

Buy island better,if you buy house house can be destroyed,island will be your land
Real estate bubble willl blow up

haha lol. the price of the island is very expensive, but if you have at least 1000 BTC and hold him in 20 years, I believe 1000 could BTC to buy an island, you can be my neighbor island lol

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