Expect a massive bull run today. I’m buying a house with Bitcoin. Also, expect a crash in the housing market.
The seller’s realtor was skeptical that it was legitimate money because my proof of origin of funds was from a crypto exchange Edit: Sorry I disappeared, I was buying a house! it is an investment property less than 50 miles away (and I’m not selling my home), and I’m retired so I couldn’t get a mortgage (you qualify by debt to income ratio only, assets don’t count for investment property apparently). I found out the day before closing. So I had to sell some precious bitcoin to pay cash. So yes, now I will have to pay taxes on my BTC gains, in addition to all the other taxes. Theoretically however, even if I straight up purchased with BTC, I would still have an obligation to pay taxes on the gains.
I have read on another forum (offshorecorptalk) that people can buy property, cars and luxury in Switzerland, UAE and even places in the USA. I wonder if there are other places inside the EU where it may be possible?
Just remember that your home should not be viewed as an investment or a savings vehicle. It costs significant dollars to own and maintain a house. Therefore, the majority of one's wealth should not be tied up in housing. Buy Bitcoin instead and rent your home.
Costs to own and maintain Bitcoin and a full node are negligible compared to the costs of owning and maintaining a home.
Saw this while cycling my bike on the UK. Don’t quite get why you’d buy a house if you had 250 bitcoin but still, interesting and great to see even if it looks dodgy and scam like (I checked out the website and it didn’t exist)
Just remember that your home should not be viewed as an investment or a savings vehicle. It costs significant dollars to own and maintain a house. Therefore, the majority of one's wealth should not be tied up in housing. Buy Bitcoin instead and rent your home. (x-post from /r/Bitcoin)
Will banks let you take out a loan? Will another entity use that as collateral? I don't want to sell my BTC, but if I was going to transfer BTC to a house, I won't feel bad about it. I hope my question made sense.
"Buying Bitcoin is like gambling. And everyone knows, you don't get really rich by being a gambler. You get really rich... by being the house."
You may recognize this quotation from Ben Mezrich's fast and entertaining read, Bitcoin Billionaires, about the Winklevoss twins and their post-FB foray into crypto. So here's my question, how is BTC all that decentralized when we still must rely on fat-cat middlemen, such as Coinbase or Gemini, to buy BTC? Just for kicks, I bought some BTC with the spare cash in my wallet recently at a kiosk. My $200 rapidly became $175 by the time Coinme took their cut and deposited my Santoshis into my digital wallet. I'm taking baby steps into crypto and am already feeling burned. How can we get access to BTC and truly cut out the billionaires in the middle like the Winklevi and B. Armstrong (sorry, don't know if he is a billionaire, but surely Coinbase is about to make him one)? Thank you for reading.
07-03 09:34 - 'Crazy how with a 5,000 dollar investment you could buy your first house or have a million dollars in the bank account within 2 years 🤯' (v.redd.it) by /u/tiotopcafebread removed from /r/Bitcoin within 65-75min
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Selling My House to Buy Bitcoins!! Good Idea? - YouTube
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