Re: How many bitcoins are needed to buy a house in your country?
In the eastern part of Central Europe you can buy a new house with a little garden if you have 2,5 bitcoins, but not in the capital. In the capital, the prices are doubled, so you need to have 5 BTC to buy a house, and in the luxury part of the capital, you need even more.
I would like to refer to Kakmakr's post above:
Everything depends on your expectations in connection with BTC price. If you think BTC will double in a few years, it doesn't make sense to buy anything expensive, but to wait. If you expect the BTC price to collapse, you should sell your BTC, so you can buy your dream house or anything similar.
But you won't be able to predict the future, so time will tell something about your decision
I would like to refer to Kakmakr's post above:
...
Based on the Bitcoin price today at $57,460 ..those 2,739 bitcoins will be valued at roughly $157,382,940
(So even if the property market boomed like crazy, you will never see an increase in the value of that property at that rate over the same period.)
The other scenario is this... IF the Bitcoin price drop to say $1000 ....those bitcoins will still be worth $2,739,000... but the property will be worth a lot more.
Based on the Bitcoin price today at $57,460 ..those 2,739 bitcoins will be valued at roughly $157,382,940
(So even if the property market boomed like crazy, you will never see an increase in the value of that property at that rate over the same period.)The other scenario is this... IF the Bitcoin price drop to say $1000 ....those bitcoins will still be worth $2,739,000... but the property will be worth a lot more.
Everything depends on your expectations in connection with BTC price. If you think BTC will double in a few years, it doesn't make sense to buy anything expensive, but to wait. If you expect the BTC price to collapse, you should sell your BTC, so you can buy your dream house or anything similar.
But you won't be able to predict the future, so time will tell something about your decision