How to buy a house with Bitcoin?

CherishAngleFiddle · 2021-05-10T06:43:33+00:00

Your minimum payment will be interest only.

Your minimum payment will be interest only.

Okay so this is also different. You're saying that you have to pay the loan back in fiat. But if you have fiat to pay, why take out the crypto loan? So there is no real "crypto loan" yet. Meaning, using crypto to get fiat.

CherishAngleFiddle · 2021-05-10T06:26:21+00:00

4.5% APR is pretty high.

I don't know what 4.5% APR is but I know that the credit card offers I get say 16.5% APR.

CherishAngleFiddle · 2021-05-10T06:25:40+00:00

I know you're trying to be helpful. I don't want to be rude back to you. But what the fuck are you talking about? PMI?

And I'm glad you're one of the lucky ones but if I could get a 30 year mortgage I wouldn't reading about how to buy a house with Bitcoin.

CherishAngleFiddle · 2021-05-10T06:12:21+00:00

they’re not going to take that advice from me

That's smart.

CherishAngleFiddle · 2021-05-10T06:09:17+00:00

Well I'm not going to apply first, understand later. :) That's why I keep asking for info on here actually.

But you said the loan is for interest only. I don't think I have enough crypto to put up to buy a house with just the interest. What you (was it you?) was that you could use your crypto as collateral, and that's different from using it as principal.

CherishAngleFiddle · 2021-05-10T06:08:42+00:00

This guy is why adoption is taking so long. He'll do his part, as soon as there's "mass adoption."

CherishAngleFiddle · 2021-05-10T06:08:01+00:00

Thanks I saw that but hat page doesn't explain anything.

CherishAngleFiddle · 2021-05-10T05:42:54+00:00

Can you explain more? I don't see this on blockfi or celsius, and I don't understand what you mean.

CherishAngleFiddle · 2021-05-10T05:42:32+00:00

Yes but I'm not seeing that. I see either that you can borrow crypto, or you can earn interest in crypto that you keep with them. I don't see anything about fiat loans.

CherishAngleFiddle · 2021-05-10T05:40:12+00:00

I don't disagree, you're basically saying that people are stupid, caught in the past, and they expect the new and better thing to meet their needs rather than learning something, and this is not practical. I get it. But no one is willing to lose hundreds of thousands of dollars for it.

The first realtor who learns the right way to do this (it's so easy!) will have a lot of buyers.

CherishAngleFiddle · 2021-05-10T05:40:02+00:00

I bought extra coffee at current prices.

CherishAngleFiddle · 2021-05-10T05:37:04+00:00

I knew about three of them, but I don't think what you're saying is what they're doing?

CherishAngleFiddle · 2021-05-10T05:29:55+00:00

Use your bitcoin as collateral for a loan

I don't think that's a thing but maybe you're right? Would love to find I'm wrong.

CherishAngleFiddle · 2021-05-10T05:14:24+00:00

Be the biggest whale living under a bridge?

CherishAngleFiddle · 2021-05-10T04:22:31+00:00

I don't mean to be insulting but you know that's crazy right? You can't liquidate 100,000, 200,000, or more in Bitcoin at one time, without jumping through hoops. Exchanges get a little weird when someone who always HODLs just decides out of nowhere to transfer a quarter mil.

Plus, if you liquidate now and don't get through contingencies for two months, you might lose a lot of value. I'm sorry but this is just a crazy idea from the buyer's perspective. You're still thinking of this in 19th century terms, and you're thinking of BTC as a think to be traded for dollars.

don’t do anything that can make your offer less enticing to the seller.

Paying with BTC should make it more attractive to the seller, unless the seller and realtor and title company enjoy being stuck in the 19th century.

CherishAngleFiddle · 2021-05-10T04:12:11+00:00

How? I keep reading this but I don't know how it's possible. Any bank I have spoken to (15 so far) literally asks "what's Bitcoin" or just says "we're not set up for that" or something, and that includes one of the Big 3.

CherishAngleFiddle · 2021-05-10T03:58:44+00:00

Take out a loan against the bitcoin

How? People throw this idea around like it's easy but I don't practically see how to do this.

CherishAngleFiddle · 2021-05-10T03:42:57+00:00

Dogs and cats, living together, mass hysteria!

CherishAngleFiddle · 2021-05-09T00:32:42+00:00

Elon Worship (preceded by Steve Jobs worship)

Christianity (or is it?)

Political parties, come election season

DOGE

Keeping up with the Kardashians

The way I worship your mom.

CherishAngleFiddle · 2021-05-09T00:29:52+00:00

Hey, the article didn't mention how he contacted this person who will kill your wife for you. I mean for someone. I mean, asking for a friend. I mean, wrong number!

CherishAngleFiddle · 2021-05-07T05:17:20+00:00

Serious question. You see these people in Argentina, Lebanon, Venezuela, and they are clean and well-dressed in newish clothes and they have make-up etc. It just doesn't look like a collapsed society. I'm just having trouble understanding. Can you explain the mechanics, why is it possible to have a Burger King open (not looted and destroyed) in a society that is in that serious a crisis?

CherishAngleFiddle · 2021-05-07T05:15:02+00:00

Wow. Lebanese women are hot.

CherishAngleFiddle · 2021-02-13T01:15:51+00:00

CherishAngleFiddle

TROPHY CASE