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
CA D.R.E Lic 01456248