Post
Topic
Board Economics
Re: Trade house for 1 bitcoin
by
Oilacris
on 19/10/2016, 12:29:38 UTC
Someday a nice condo for 1 btc. Over 5 years for sure. For sure in Canada, that would be the case. A house in a regular

neighborhood that is just picket fence and hardworking parents, maybe sometime like that at LEAST 5-10 years.
I think its impossible to buy a nice condo with only 1btc within 5years or more. Its impossible for the price to jump so high that you can even buy a nice condo. Even the cheaper one I dont think 1btc is enough to purchased it in the next 5 years.

Well that is just like a dream that I want to go to the mars. But buying a nice condominium unit for just 1 bitcoin?

Well maybe you need to wait at least 50 years or even 20 years when the price is going to reach to $20,000 above. Because as of now.

Value of bitcoin is not sufficient to buy your own home.
Time will come that 1 Bitcoin will be valued at $100,000, I know you guys won't believe but me I am very optimistic with that as we are keeping our support in bitcoin and we have limited supply so with massive adoption the price will increase.

I couldnt blame you if your perspective about bitcoin  would reach  that price  but  for me  it would be impossible  even though it would  be succesful in the future. It would really need massive adoption   for bitcoins price  would rise this  high.