How to Buy a Home with BITCOIN...

By
Real Estate Broker/Owner with 1st Prime Realty CA BRE LIC 01456248

How to Buy a Home with BITCOIN .  What is BITCOIN?  BITCOIN is a Crypto-Currency, or Digital Money.  The Value of BITCOIN Increases, and Decreases at a Rapid Speed.  If you compare BITCOIN to Gold, and Silver,  BITCOIN would Win.  BITCOIN introduction to the World came around the end of 2009 to 2010.  The Value at the time was about $.0008 - $.08 a Single Coin.  If you were to Invest $50 into BITCOIN in 2010 at $.08 cents per BITCOIN, you would own 625 BITCOIN.  As of to Date BITCOIN Value is $27,782 per BITCOIN.  Imagine the $50 Investment turn into 625 BITCOIN X $27,782 = $17,363,750. +

However, I did say BITCOIN Decreases at a Rapid Speed.  In 2017 BITCOIN was $900 per Coin and Increased to $20,000 in December of 2017. In 2018 BITCOIN plunged below $4,500.  BITCOIN is Transferred from Peer to Peer through a BITCOIN Wallet.  Here is an example of a BITCOIN Wallet: 3NNjjVa4X22PACuePuHAZsNLKkmovNh9gn

That is my BITCOIN Wallet Address.  Once you send BITCOIN to a Wallet, it's GONE!  No Reset Button, No Refunds.  The Block Chain is what moves BITCOIN's.  Buying Real Estate with BITCOIN must be done very carefully.  BITCOIN is also used in some areas of the World for Illegal Activities, and for Illegal Purchases.  You can't Trace where the BITCOIN is coming from, becuase you can remain Anonymous.

The Property Owner who is willing to take BITCOIN as an accepted method of Payment, could fall victim to the Rapid Decrease in BITCOIN Value.  There are some BITCOIN Exchanges that will allow you to Cash out your BITCOIN, but it's a race against the Clock.  Can you Buy Real Estate with BITCOIN?  Yes.  I recommend you speak with a Tax Attorney before you do so.  Why?  As BITCOIN evolves, you must know your Rights.  There are 1000's of Companies Worldwide accepts BITCOIN as a method of Payment.  Before Investing in BITCOIN, get Educated on the Subject.  Remember  Investing you have a Potential of Gain or Loss.

 

Thank You for Reading:

 

Don Alexander REALTOR

1st Prime Realty

619-581-4255

CA D.R.E Lic 01456248

www.1stPrimeRealty.com 

Posted by

Don Alexander REALTOR/Broker

1st Prime Realty

619-581-4255

D.R.E Lic.#01456248

Comments (4)

Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for nice education on botcoin!

 Can you Buy Real Estate with BITCOIN?  Yes.  I recommend you speak with a Tax Attorney before you do so.  Why?  As BITCOIN evolves, you must know your Rights.  There are 1000's of Companies Worldwide accepts BITCOIN as a method of Payment.  Before Investing in BITCOIN, get Educated on the Subject. 

Dec 27, 2020 04:48 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have heard a lot about bitcoin yet I still don't know much about it at all.  I often wonder if anything truly will become of it.  I have read that many people have become wealthy through investing in it, which leads me to believe that others have had bad experiences with it since not everyone wins in the market, haha.

Dec 27, 2020 05:13 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

When it was first introduced it came across as phoney, but the return on that $50 shows it was a lost opportunity fro so many

Dec 27, 2020 03:13 PM
Grigina Green

Yes, I have long dreamed of buying a luxury house, but so far I do not have enough bitcoins. To speed up the process of earning bitcoins, I started playing on the duck dice website and my dream is approaching. I started earning Bitcoins much faster than I did with mining. I think that very soon I will be able to buy a great house for bitcoins.

Apr 10, 2021 01:50 AM

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