Topic: Trade house for 1 bitcoin - page 14. (Read 15295 times)

What kind of big villa are you buying for 100K?  That seems pretty low to me?  I don't really know if it would be much of a difference, but maybe you are talking about 100K euro... then maybe that would make sense, but it all comes down to where you are trying to buy the house.  If it's in a very well known and busy area, then you probably aren't going to get anything extravagant for 100K of any type of fiat.

Yeah it will never ever happen if he needs a house in this year or with a few years or about after ten years. The prices for the houses is much high. Even in the third world countries the prices of house started to touch the stars. Bitcoin may a attain a price of $1200 or maybe more than that like $2000.

because you only have 1 bitcoin for your capital trade it took more than 3 years because the costs of house is pretty expensive and you need at least 50-100 bitcoin for it

It will happen as it depend on the location and price of that area where the person is living. Maybe in the next few month or maybe in the end of 2016 the price will touch once again $1200, and with that price in some areas of the world a smallest house with two rooms are easily available. But if he is asking for a luxurious house then nope.

You can buy whole villages in Spain and Italy for way less than 1 bitcoin. If we're talking about an OK place in a first world city it's either never or somewhere around 2060.

It will take years from now, halving could increase the price  but I don't think that a single bitcoin could buy a house. well thats just my opinion. 

After few more halvings from now, maybe we will see 1 btc =1 house!?

i am sure it will not happen,because i am sure if bitcoin price raise up so high,hous price also has been more high,and it depending house size,if you buy small house,for today you can buy at 5 BTC maybe.

I think it will happen in 10 years (btc will slowly rise, house prices will go down)

That would take a very long time, bitcoin would have to in a price range of $50-100k so you can buy a small house if you're long in U.S. but if you're living in a different country like southeast Asia you can actually buy a big house.

So sell house now for btcs and buy back at 2030?
And you are a millionaire at 2030..
Nope won't happen!

Depends on where OP want to buy that house. In some less lucky parts of the word you can buy a "house" even today for 1 BTC. If you are thinking about the states or Europe the most likely never.

how does the math add up?

Today we have 15 116 600 BTC available on the market, valued at $USD 390, so a total market capitalisation of $USD 5 902 397 403   

Rough math: we have 15 000 000 BTC at $USD 400, gives a market capitalisation of $USD 6 000 000 000 (6 billion)

Now (for simplifying) we don't mine any new blocks in the future, so in 3, 5, 10, 20 years we still have 15 000 000 000 BTC only on the market, and we are looking for $USD 100 000 per 1 BTC, that would mean a market capitalisation of 15 000 000 000 x 100 000= $USD 1.5 Quadrillion (if we keep mining and adding more blocks this value goes up to a max of 20 999 999 * 100 0000= $USD 2.1 Quadrillion)

So eh, excuse me, where is this money going to come from to grow the market?

If the USD hyperinflates, then house prices will go up too, not necessary linear of course.

Growing a market from $USD 1 billion to $USD 6 billion only requires $USD 5 billion to flood in. To increase prices back to $USD 1000 / 1 bitcoin requires $USD 9 billion to flow in. A few gambling nut Chinese can just do that as we saw in the past...

But...

To get prices to $USD 100 000 / 1 bitcoin requires how much money to flood in?

There is $USD 21 Trillion in Offshore accounts. There is $USD 1.2 Quadrillion in derivate contracts (http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18).

I guess we'll need some extra money printing to achieve this future?


OK, I'll hold for a few more years, call me optimistic ;-)

Ha, ha. Do you like the idea. According to me not for 1, not for 2 and not for 3 years. And even not for 10 years (it is totally a guessed figure this without having any kind of fact taken in consideration). After this period and if would be fulfilled even other conditions (without the fulfilling of those it would be hard even after ten years) maybe could be possible. But not every kind of house. The real ones which want money and not "pennies" it would be again hard to be bought with only one bitcoin. As for the conditions to be fulfilled and about what is talked above the first one is its FULL regulation in the important and developed countries. Without this kind of regulations bitcoins will have all the possible names of this world but not the only one which is: currency.

never mind a house i would like a small 4 berth boat, to sail off into the sunset with my bitcoin fortune.......

Cannot really tell... but you will probably buy a new house with 5 or 10 BTC anytime between 5 and 10 more years. Let's be optimistic!

Never...and I'm being optimistic. Never in our life time at least. And by house, they vary. You have houses worth millions, and you have houses worth hundreds of thousands. Where do you draw the line? Perhaps houses wouldn't be the best categorical  quantity to use 

Douche. I was about to try and buy your house for 1 BTC.

If you buy a house in the ghetto you can probably get it done today, especially in the rust belt

It might be possible but I think we will have our own house before that happens.
Bitcoins is always been not that stable is always going down and up again so we will see if that happen.
I will suprise if some day with my 1 coin will buy a house.