I think trade a house for bitcoin is bad idea bruh. The price of bitcoin can crash overnight lol, and we don't know if, at the time of the transaction, the price of BTC will drop to an unexpected level, which would be very detrimental to you. P2P transactions without intermediaries are 90% scams lol, sorry about that ya, but it's a fact. Another fact is that the lack of legal certainty and regulations for bitcoin transactions adds an additional risk for those who want to engage in P2P transactions. Moreover, not everyone knows about bitcoin; it's still limited, making it more challenging for us in the transaction process compared to traditional currencies.
There are too many issues, sad to said this, if we were to break them down one by one. Do you want me to mention them again? If disputes arise later on, resolving them becomes super difficult because, as I mentioned earlier, there is no legal certainty.
So, for me, at the moment, it seems that this transaction is not secure and very risky.
We understand your concerns about exchanging a house for bitcoin. It is true that the volatility of the bitcoin price can pose a significant risk for such transactions. In addition, the lack of regulation and legal certainty in P2P transactions can increase concerns regarding the protection of the rights and interests of the parties involved.
However, it is important to note that advances are being made to address these issues. New solutions are emerging, such as the application of blockchain and smart contract technologies, which seek to provide greater security, transparency, and protection in P2P transactions.
While there are still challenges to overcome, it is necessary to consider the evolving landscape and the opportunities that may arise from these innovations. Collaboration between different sectors, including real estate and crypto, may lead to more secure and reliable approaches to real estate transactions in the future.
It is important to carefully assess the risks and seek expert advice when undertaking such transactions. Awareness and education on the topic are also essential to ensure that investors are well informed when making their decisions.
So while there are legitimate challenges and concerns, it is important to monitor the development of these solutions and assess their potential impact on the real estate market and P2P transactions.