“One Bitcoin, One House,” Nonsense or Reality? - page 2.

Rahar02

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Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

Great story from his experiences, and he has bought 1 Million CNY worth of bitcoin at that time when bitcoin price slumped to 900 CNY which his mining farm went bankrupt. Bitcoin has proven itself as great asset for long term, but so many people do not believe in bitcoin in long term and do not want take a risk. And good vision to expect 1 bitcoin - 1 house, which the chance isn't zero as the value today still in early days of development, 8 years so far and what about 10 years later? Only people who have faith in bitcoin will get rich in the future, saving bitcoin as much as you can.

Obito

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I am not agree that one bitcoin ,one house because one bitcoin is just around 33,000 in the philippine peso currency and it is not enough money to buy a house. Though you can buy any investment that is not so expensive. Bitcoin is helpful to spend for your extra expenses and not to be burden to other expenses that you have.

BillyBobZorton

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It's as simple as understanding supply and demand. 21 million coin supply, limited supply. If the demand gets going up, the price gets going up. So yes, the price could perfectly reach a value high enough to buy a house with a single bitcoin. I expect this to be a fact by around 2030 once the inflation curve is almost flat.

RoommateAgreement

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Bazinga!

Quote from: Theb on April 30, 2017, 07:27:39 AM

I think its not possible to have a house with just 1 Bitcoin, I mean building a house can cost at least 80,000$ not including the lot which means we are expecting 1 Bitcoin to equal that much. I don't think it would reach that high even if Bitcoin becomes a mainstream currency. Having a currency that is worth like that will make the government take action and I don't mean the good way for Bitcoin, it would mean total control of it, to control its price.

maybe, maybe not, for both parts of your comment!
i believe it is a possibility to reach that price. afterall price has gone up 1300% in 8 years and that is 162% rise each year and this rate can increase as a major adoption occurs and you should always consider the limited supply of bitcoin when you talk about the price.
also bitcoin being decentralized, it can always exist and nobody can do anything about it

Theb

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I think its not possible to have a house with just 1 Bitcoin, I mean building a house can cost at least 80,000$ not including the lot which means we are expecting 1 Bitcoin to equal that much. I don't think it would reach that high even if Bitcoin becomes a mainstream currency. Having a currency that is worth like that will make the government take action and I don't mean the good way for Bitcoin, it would mean total control of it, to control its price.

European Central Bank

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the dude is right. i don't think he's telling people not to trade, he's telling them they're not seeing the bigger picture.

you see it here every day. people gambling, i've read that people who are earning with sig campaigns immediately spend it on a bunch of steam games.

now cast your mind back into the past. if you'd bought a steam code off someone in 2011 that same money today could buy you a very nice car. the same stuff will be replicated in the future, that's if bitcoin succeeds.

most people have no long term vision. because of that when they squander their bitcoin today, they're squandering their future too.

Janation

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Quote from: naughty1 on April 30, 2017, 06:12:46 AM

Quote from: FlightyPouch on April 30, 2017, 02:55:30 AM

Quote from: DoublerHunter on April 30, 2017, 02:42:38 AM

I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.

It might be nonsense, but everything is a possibility. All we need is time and patience,maybe in the near future these possibility will be a reality. Now, the price of bitcoin is not that much for you, but for me it is enough to build a simple house. Here in our country, a price of 1 bitcoin is enough to make something big out of it, we just need to think how to do it.

I do not think a bitcoin can build a house, though it's simple. In fact, although bitcoin carries a great value in comparison to other currencies, it is not enough to dominate the market. A bitcoin, a house. This is unlikely, at least for now. The future is unpredictable, but I still think that as bitcoin increases, matter is also of higher value, so a bitcoin is not enough to make a house.

I think I understand that a bitcoin can make a house in my country, My country, Philippines is actually a humble one, you don't need a decent house because our country is always visited by typhoons. Most people make a house, a simple one, but a sturdy house they make a house put of wood and cement. It might be a small house, but the important thing about a house is the family that libes there, with a family,it can be called home.

naughty1

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Quote from: FlightyPouch on April 30, 2017, 02:55:30 AM

Quote from: DoublerHunter on April 30, 2017, 02:42:38 AM

I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.

It might be nonsense, but everything is a possibility. All we need is time and patience,maybe in the near future these possibility will be a reality. Now, the price of bitcoin is not that much for you, but for me it is enough to build a simple house. Here in our country, a price of 1 bitcoin is enough to make something big out of it, we just need to think how to do it.

I do not think a bitcoin can build a house, though it's simple. In fact, although bitcoin carries a great value in comparison to other currencies, it is not enough to dominate the market. A bitcoin, a house. This is unlikely, at least for now. The future is unpredictable, but I still think that as bitcoin increases, matter is also of higher value, so a bitcoin is not enough to make a house.

AicecreaME

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Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

I hate to disagree, but this is a very discouraging post. In the first time that we are going to do a certain thing, it is obvious that we don't know what to do, that is why the word "study" do exist, and it is quite few that there are people who knew what they are going to do in the first time that they are going to do something.

And not all people are just like that, we are risking something, or doing something in order to learn new things, especially in this world. If you don't know Investment, then it doesn't mean that you have to stay away from it, because how are we going to know what we are going to do if we are going to avoid it, right?

The best thing to do is to try all the things that we didn't know yet, for us to learn more, to explore more, and we don't have to listen on those discouragements out there.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

meh, i say even as a blind investor you can invest in bitcoin with a small amount. for example 2 years ago you could have bought 1 whole bitcoin for only $200 and i don't think anybody can consider this a big amount of money to invest!
and in 2 years you easily had $1300.

the same goes for now, if you are a "blind investor" then just go in with a small amount like the same $200 of 2015. and hold for 2 years!

DoublerHunter

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Quote from: FlightyPouch on April 30, 2017, 02:55:30 AM

Quote from: DoublerHunter on April 30, 2017, 02:42:38 AM

I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.

It might be nonsense, but everything is a possibility. All we need is time and patience,maybe in the near future these possibility will be a reality. Now, the price of bitcoin is not that much for you, but for me it is enough to build a simple house. Here in our country, a price of 1 bitcoin is enough to make something big out of it, we just need to think how to do it.

What country are you from? Can you think again for the $1,300+ price for 1 bitcoin? that is not enough to build something decent because if you do build a house with 1 bitcoin then it is sure that it is a crap and will breakdown just a few years later. Save more money or collect at least 5-10 bitcoins then you can build a long term investment house.

johnwest

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Quote from: bustedsynx on April 29, 2017, 03:41:50 PM

Reading this thread re-affirms my belief, most who hold bitcoins are speculators and not users.

So what.? Most of the gold and diamonds in the world are in the ornaments of women. Bitcoin became an investment rather than just a currency and users showing more interest in BTC for investments, there is nothing wrong in it.

FlightyPouch

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Quote from: DoublerHunter on April 30, 2017, 02:42:38 AM

I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.

It might be nonsense, but everything is a possibility. All we need is time and patience,maybe in the near future these possibility will be a reality. Now, the price of bitcoin is not that much for you, but for me it is enough to build a simple house. Here in our country, a price of 1 bitcoin is enough to make something big out of it, we just need to think how to do it.

DoublerHunter

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I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.

Juggy777

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Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

Always listen to your elder folks they are right, but in this case definitely don't agree with the advice. What I may agree is, when people initially join Bitcoins it's for fun rather investment, but with a passage of time, they truly understand the power of Bitcoins and then start to make solid and wise decisions. Again I feel that no one should advice what to do with his/her coins. It's a free world and people should be given freedom to do what they wish to do. Bitcoin has already been accepted in Japan and many other countries are in line to follow suit, so guess our elder folk really needs to get up and update himself as it seems he's not aware of recent developments.

Wandering Soul~

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Wolf

Quote from: mrcash02 on April 29, 2017, 08:56:45 PM

Quote from: ModGirl on April 29, 2017, 04:03:38 PM

Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

I do not agree with his advise because if a person will not come close to bitcoin then he will not know forever about it and if a person will come close to bitcoin and will adopt it in their ignorance then a day will come when he will be the expert of blockchain technology.

I don't agree also. I believe everyone should try Bitcoin investment, expertise or not. Anyone can hold BTCs and wait to sell it for a higher price, the return is amazing and it's an easy task, just need to follow the market.

But I agree somehow when he says people shouldn't sell important, valuable things they have to buy Bitcoins, because you always must have a plan B in case of plan A fails. Just sell things and convert this money to BTCs if you are rich and earn decent income from different places. To have a house is a good investment and worth a lot, even better than Bitcoins!

Well if you look at it closely, That Zhao has a point . What he sought is not an expertise but just a basic understanding of what investment is . People without it tend to become more penniless which is true so it doesn't mean that everyone doesn't have a chance to try bitcoin investment because everyone is free to learn the basics . Learning or having a background knowledge of what you will invest in is a must to minimize risks .

the rise

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Quote from: mrcash02 on April 29, 2017, 08:56:45 PM

Quote from: ModGirl on April 29, 2017, 04:03:38 PM

Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

I do not agree with his advise because if a person will not come close to bitcoin then he will not know forever about it and if a person will come close to bitcoin and will adopt it in their ignorance then a day will come when he will be the expert of blockchain technology.

I don't agree also. I believe everyone should try Bitcoin investment, expertise or not. Anyone can hold BTCs and wait to sell it for a higher price, the return is amazing and it's an easy task, just need to follow the market.

But I agree somehow when he says people shouldn't sell important, valuable things they have to buy Bitcoins, because you always must have a plan B in case of plan A fails. Just sell things and convert this money to BTCs if you are rich and earn decent income from different places. To have a house is a good investment and worth a lot, even better than Bitcoins!

Let's think simply, let's just say we already have knowledge about cryptocurrency and the fundamentals of investment because we already feel the power of bitcoin in our economic productivity, our difference with them above is we give a positive understanding for every person new to bitcoin so that volume will continue to increase, Successful business is a business that continues to experience additional users with ever-increasing graphics. In 20 years I believe bitcoin will continue to grow and 1 bitcoin coin will be able to buy a home, maybe more than one for a third world country.

mrcash02

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Quote from: ModGirl on April 29, 2017, 04:03:38 PM

Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

I do not agree with his advise because if a person will not come close to bitcoin then he will not know forever about it and if a person will come close to bitcoin and will adopt it in their ignorance then a day will come when he will be the expert of blockchain technology.

I don't agree also. I believe everyone should try Bitcoin investment, expertise or not. Anyone can hold BTCs and wait to sell it for a higher price, the return is amazing and it's an easy task, just need to follow the market.

But I agree somehow when he says people shouldn't sell important, valuable things they have to buy Bitcoins, because you always must have a plan B in case of plan A fails. Just sell things and convert this money to BTCs if you are rich and earn decent income from different places. To have a house is a good investment and worth a lot, even better than Bitcoins!

machinek20

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To buy a house with one bitcoin is a bit dreamy, it will be long wait it maybe can happened if all of us support bitcoin and more people using bitcoin, but as I can see now people are now also invested in alt coin which, so they dont really put their investment in ine basket, this will caused the bitcoin price rising slow down

And for the Zhao Dong advice I am completely not agree, everything need to be learned and all things is start from zero, we need to try then we can gain more experience and can become better

ModGirl

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Quote from: Doofus on April 28, 2017, 05:03:10 AM

Zhao Dong, an old Bitcoin holder, suggested to those blind bitcoin investors that:
"if you do not have any knowledge of investment basics, please stay away from the Bitcoin world. You will not get rich, and you are just messing with the Bitcoin market. The fact is those people haven’t realized the real significance of Bitcoin.“ http://news.8btc.com/one-bitcoin-one-house-nonsense-or-reality
he believes that Bitcoin will become a mainstream currency, but it is and will continue to be an experimental new currency for years to come. Put simply, Bitcoin is so not ready to redefine currency.

I do not agree with his advise because if a person will not come close to bitcoin then he will not know forever about it and if a person will come close to bitcoin and will adopt it in their ignorance then a day will come when he will be the expert of blockchain technology.

Topic: “One Bitcoin, One House,” Nonsense or Reality? - page 2. (Read 5614 times)