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Topic: If Bitcoin goes up very high should i buy a house? - page 99. (Read 133987 times)

hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
A house, like any asset or holding is always a good investment on the long term.

Since btc main purpose is a fluctuating assest selling and taking your profit is a wise thing to do... buy low sell high..
hero member
Activity: 700
Merit: 501
I'd say do whatever you have to do to own a house, living on rent/mortgage is just a huge burden and if price becomes higher and you have a chance to sell your holdings in exchange for a self owned home, then I'd say go for it. And the money you save in future from no mortgage/rent on your head you can start to buy it back slowly.

Yeah, owning a house is definitely a good peace of mind... I don't like this idea of renting forever. If you can, just live with your parents and inherit whatever house you can, meanwhile just keep on stacking Bitcoin. Unfortunately we poor fellas are stuck in mom's basement unless we want to pay rent and lose the possibility of savings.
newbie
Activity: 42
Merit: 0
that is a very good thought and dream. But you should also ask yourself. what if it comes down? what will I do? have you put all your eggs in one basket? are you over ambitious? to answer your question, if the value goes up hoping it will, Reward yourself with the desires of your heart. buy yourself a house or a car if possible. All the best friend.
hero member
Activity: 658
Merit: 500
This is nice idea, from the other hand you will loose your BTC  Grin Instead invest your BTC somewhere, get double profit and from double profit buy the house, so you will get both BTC and house.  Grin 
sr. member
Activity: 826
Merit: 263
Why not bruh, uh?
legendary
Activity: 2100
Merit: 1058
Because a house can't be bought with 1BTC - 100BTC.

You can buy a house after a few bullruns with that amounth of coins.

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.

Reinvesting youre profit in a new house is a real good move imo.
I agree. Keeping a little patience and holding back your Bitcoins to see if the value goes up is always a sound decision. Plus a real estate investment is safe now and can give a better return if you ever want to sell it to raise capital.

Yes holding bitcoin by keeping with faith on bitcoin must be appreciated. They never will be get disappointed for the faith they are having on bitcoin. Bitcoin will pool in very near future so that you can invest your bitcoin into real estate for buying your dream property.
sr. member
Activity: 350
Merit: 250
Because a house can't be bought with 1BTC - 100BTC.

You can buy a house after a few bullruns with that amounth of coins.

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.

Reinvesting youre profit in a new house is a real good move imo.
I agree. Keeping a little patience and holding back your Bitcoins to see if the value goes up is always a sound decision. Plus a real estate investment is safe now and can give a better return if you ever want to sell it to raise capital.
legendary
Activity: 1120
Merit: 1008
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I think buying house with lots of money is just making your money stock on the fixed capital which never or slightly grows. 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. 
legendary
Activity: 2016
Merit: 1115

When you deduct out the housing bubble, houses have generally appreciated at the rate of inflation, so you're not making anything so much as keeping what you started with in terms of purchasing power.

Much depends on what country you're in. In the UK you would've multiplied your buying power quite radically if you'd bought in the right places.

This is true of any asset. Hindsight is always 20/20, and pretty worthless for investing in the future.
legendary
Activity: 2436
Merit: 1366
I think you should not directly buy house it goes to moon.
If you can buy house with it so it means it may even get bigger and bigger to be accepted as whole new money and it would be even more valuable.
full member
Activity: 383
Merit: 100
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.

your post is obviously purposed you want to sell it to fiat then use a fiat for buy a house.
well i think better to buy a house/property with bitcoin
there are somesite which accept bitcoin for buy a house or even property http://bitcoin-realestate.com/ but i'm not sure it legit or not.
legendary
Activity: 3248
Merit: 1072

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.


Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.

That is right. We have to use bitcoin to give its value. If we all hold bitcoin as an investment, bitcoin has no value at all.

the nature of bitcoin itself, is promoting its own holding, this because it's very hard to get more bitcoin, unless you're willing to pay more

so if someone want to buy an house with his only 10 btc, he must wait for the price to skyrocket on the crazy level, this is true for the majority of little holders, and for their different purpose
full member
Activity: 182
Merit: 250
Always good to cash out a chunk of your investment when you make a good profit.

I've made big mistakes in the past holding on to a stock for example and then watch it correct afterwards
sr. member
Activity: 251
Merit: 250

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.


Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.

That is right. We have to use bitcoin to give its value. If we all hold bitcoin as an investment, bitcoin has no value at all.
legendary
Activity: 1792
Merit: 1283
Go for it before the bubble pops, I would say Smiley
Could be a great investment if you find a good deal!
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

When you deduct out the housing bubble, houses have generally appreciated at the rate of inflation, so you're not making anything so much as keeping what you started with in terms of purchasing power.

Much depends on what country you're in. In the UK you would've multiplied your buying power quite radically if you'd bought in the right places.
legendary
Activity: 2016
Merit: 1115
Simplest way to secure your future is to buy two (or more) houses.

You rent out the other houses to pay for all your expenses for your primary house (it is not likely that rental return will ever be zero nor is it likely that rental return will be much less than the expenses needed to maintain an equivalent house).

Your only problem with multiple properties will be taxation (as eventually I think all governments are going to tax properties as things like "income tax" are going to become defunct in the future).

So even if you buy multiple houses - keep some BTC for the taxes!




My grandparents owns 3 houses in the province and lease them. So far it's been giving them a passive income aside from their pensions. Also, real estate and houses tend to increase their value over time, so I think we're good right now. It would be awesome if they can pay taxes in bitcoin. Cool

When you deduct out the housing bubble, houses have generally appreciated at the rate of inflation, so you're not making anything so much as keeping what you started with in terms of purchasing power.
legendary
Activity: 1610
Merit: 1183
If you have enough Bitcoins to buy a house, you should wait until you can buy that house + keep at least half of your BTC in your wallet. Putting all of your BTC on real state wouldn't be a wise investment. It is crucial that every portfolio keeps some decent amount of BTC for at least 10 years to benefit from the future prince increases.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
It's not a road I'd particularly like to go down but if I did I'd be totally unemotional about it and buy slave boxes where the jobs are.

You don't need to be an asshole to be a landlord (I've been a tenant and a landlord myself many times).

If you want to have reasonable rental income and few hassles then you take the time to vet potential tenants and when you find a good one you look after them (i.e. repair things and keep them happy and don't raise the rent unreasonably).
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

With 0% interest becoming prevalent I don't know if sticking your fiat into an account is still such a good option.
 

True indeed but there were periods when she owned it when accounts were paying 6-7% where she lives. Even now you can still find 1-2% easily enough and I think even that pays more than that house probably did. It's not a road I'd particularly like to go down but if I did I'd be totally unemotional about it and buy slave boxes where the jobs are.
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