Bitcoin Forum

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

The future is unpredictable but its clear for me that bitcoin will grow further so taking that kind of risk requires a lot of sacrifices but I believe no assurance for this. You made a big decision, I wish you success on that and hopefully bitcoin won fail you. With bitcoin everything is possible, it can go up or down no one knows. If its the right time for us, bitcoin will make a new ATH and you will be a millionaire!  ;D

I also wish that the value will increase to $ 20k next year. But if not, what would you like? Your life needs money to continue. Besides, please keep your BTC safe, good luck

Thinking of it, I felt very excited and wonderful

your topic doesn't make any sense whatsoever!
you claim bitcoin future is not clear and then claim to have taken a very huge risk investing in it. these two are in direct contradiction of each other. when you know something is so risky and has "unclear future" then you should not invest what you can not afford to lose.

As much as I hate to hear people risking their family's shelter and bright future for a brighter one, I can only wish you luck. I know that Bitcoin is going to get back to $20,000. As to when, nobody knows exactly. But the possibilities are infinite. It could also go down to $3,000. If that happens, I hope you will continue to HODL because if not, you are not only giving up on your BTC, you are also giving up on your family.

you got some big balls---i'll give you that! :o

i hope you can handle the losses if it doesn't go as planned though. like pooya87 said, you seem unsure of your investment and yet, you're liquidating all your wealth to invest...? that's got to be unnerving!

it's funny, i'm hoping to do the opposite. i'm hoping my bitcoins can buy me a nice piece of land someday.

First of all, your topic title sounds like a bad feeling about Bitcoin future, while you actually believe in Bitcoin. You need better translation tool.
Second, what you claim you've done is plain stupid. The main rule is to only invest what you afford to lose. What if Bitcoin price will stay at under 10000$ for more 5 or 10 years, what will you do then? Maybe you'll sell at a loss just before the actual ATH just because you invested all you had based on a guess?


However, I don't believe you that you did what you claim.

It is actions like this, that makes me angry and sad at the same time. People are taking unnecessary risks because they are greedy and actions like this makes no sense what so ever.  ::)  Before 2017, someone did something similar and they bought coins at the ATH price of $18 000, with the hope that it might go up much further... but it is about 2 years later and the price is still not higher than the purchase price.

How long this will last is anyone's guess, but the more important question is, how long before these people are forced to sell at a loss.  ::) Invest what you can afford to lose.  ;)

There is contradiction in the thread statement and the content, this level of investing is highly risk but the same has been practiced earlier by few people around the globe. To my knowledge I've read about two persons. One person sold his home and all his belongings and bought more than thirty bitcoin. He left his belongings and lived in a refugee campaign until it reached the targeted price.

Strange...

Look we all believe in BTC's future. But what is your done is not investment. It is gambling. This forum and cryptocurrency market has full of regret. Some people sold their house, some people sold their car and some of them leave from their jobs. And most of them is not happy now.

You should learn what is investment. Some poeple bought some BTC lately 2017 and it price was about 20K and after 1.5 year, now, we still under this value.

Hope you'll be happy but you are just gambling now. You threw your dice and waiting for good results.

I just wondering how long do you know bitcoin?

Buying bitcoin just because you read a speculation against bitcoin price is not good IMO. There are still several factor that you must pay attention because I'll doubt you will hold for long time if bitcoin price meet decreasing price a lot.

You have to look another factor instead the speculation price. Also you have to train your patience in order to not supprised when bitcoin price goes down. Fundamentally, I'll agree bitcoin price will be up in 2020 because there is several agenda such as halving even that has been waiting from several investor. But, I have to learn more to you to take bold steps as you did.

You know Didi Taihuttu? he's the first person whoever did this. I don't have the guts to do this if ever this is for real, good luck with your journey. Your success is every bitcoin holder's success, we share the same road and roller coaster.

But before deciding to do that, have you really think of this for so many times?

You have done all this and now you are happy? I wonder how your wife let you do that unless you fed her with some good quality drugs. ;D

But seriously, I wont advice you to do that because although I like the enthusiasm, every investment should be having its limit. One should not put all their life savings into something that they are speculating on. Like the wiser people say, never gamble more than 10% of your bankroll the same applies here. Real estate is something that people live in and thus unless you have a separate home to live in I would not suggest selling it for a truckload of cash for bitcoin.

I don't know whether or not I would be proud of what you did because you bought Bitcoin but you sold a necessity, which is your living quarters. Let's see if you are correct when it reaches $20K.

The future is not clear with everything but when you have a vision in mind in what you want to have in the long run, maybe then you could achieve it. That's when we are talking about people and their goals towards what they want in their lives. So into Bitcoin, that's even more challenging because there is a lot of bad press surrounding it. Some people are not getting any younger and they are scared of what they are doing if they want to be part of Bitcoin or not. FOMO sets in, increased price rates or something then it falls, the never-ending cycle. The differences between the wants and opinions of people are directly proportional to the volatility of the price. That's why the future is even more unclear.

I would say that OP is risking with this move, but also that his timing is bad - just few months ago he can get 10 BTC for $40 000. This is his first mistake, and second is in gambling with what we should not gamble with (house, land...).

This is not first public case that someone is doing that, and jossiel is mention Didi Taihuttu who is doing the same thing as OP, and today he and his family are known as Bitcoin Family (https://yolofamilytravel.com/), they travel around the world and live only from cryptocurrency.

They risk with this move, but it paid off for them, so maybe OP will be lucky and in few years buy a new house, more land...

Hmm, investing into something that is unpredictable unlike most investment methods present?

I find your decision questionable as investing EVERYTHING into a stable market would yield a double-edged sword, especially that we are talking about BITCOIN (which has a high-volatility rate). If I were in your shoes, I would have diversified my investments and considered stocks for a relatively stable long-term plan/solution.

Although we may have different views, ideas, and predictions about the state of bitcoin, I wish you good luck on your decision as everyone hopes for a significant increase on its price in the near future.

Future is always unpredictable and with the bitcoin, it's always safe as everything is being switched to the digital part and especially the blockchain. So, need to keep safe the bitcoin to spend life.

Do you a name which is very confirmed for the future, Nothing is permanent in this world. So you have to make a proper decision for your future's shake. If you name Bitcoin then I can say obviously it has created a massive potential platform for the future perspective. Today's investment in Bitcoin will bring a good amount of profit in the future because Cryptocurrency will be the main platform in the virtual world.
make a proper plan and have to take a step on behalf of the future. so the future of Bitcoin is clear, Don't make any confusion and don't be confused.

Seriously you are GAMBLING. If you want to gamble, it is better for you to go to Los Angeles or any other American city and play gambling all day.
Putting every investment in your life into something you do not trust will lead to a big loss. BTC is not a magic trick that puts money in it and multiplies after several years.

Bitcoin future is bright when people around the world are aware of its utility and have proper knowledge about this decentralized world.

I would never take such huge risk. What made you take such a risk? If there is some valid reason to take that risk then why does the heading of the topic sound so low confident?

Your action and the title of this thread are completely contradictory to each other. Any ways, All the best for your venture.

I agree this is a gambling in some way, but investment in Bitcoin cannot be compared to gambling in Las Vegas by playing slots, poker or roulette. OP is make very risky decision, but it is quite likely that it will profit over time - do you not believe that the next ATH will be higher than the previous one?

I think that only numbers are changed, it is same situation it was few years ago when people on this forum saying that any buying under $1000 is cheap, and today we can say same for $10 000.

Regarding title, it is probably OP mistake - he would not invest $40 000 in something that he not believes.

The issue here is the rent bill, because if you are paying something like $2k each month, then could be a pain if bitcoin doesn't reach those $20k the next year.

I remember one guy on this forum who fucked up hard, he does the same with his house and buys ETH at $450, if you see now ETH cost $200, so that guy still in lost. I hope this doesn't become your scenario. I wish you good luck.

wow, that's a REALLY brave words to say, with current fluctuations, which are still making btc a very unsafe investment, especially if you aren't experienced in cryptocurrencies thread. Future is always unpredictable and so is bitcoin, there is no certainty that the market won't fall in the next couple years (hope not, but you never know).

Pledging your land and property just to buy btc is one of the craziest ideas i've ever heard of. Right now the real estate market is much more stable than cryptocurrency market.

Isn't it too much risk ??
We all know that btc has a great future but we have to manage everything welly that's help us to gain the highest level profit.However it look like you will be rich or make poor your wallet .However we have seen in the past many of crypto investor took risk as like as you and made their life so keep patient and watch what brings with you .

I think it's possible for BTC to hit 20K by the end of the year. However, its hard to predict the price and even experts get it wrong.

You should never invest in crypto more than you can afford to lose.

Well, I think you are not the first one to do such kind of all out action for Bitcoin.  Here is another guy who think that Bitcoin will greatly increase in price in the future selling all his stuff. https://www.businessinsider.com/man-in-the-netherlands-sold-everything-for-bitcoin-2017-10. 

Though I admire your courage but I admire the support of your family more.  I hope that your expectation regarding bitcoin price increase be met.

Many traders and investors are optimistic on a bitcoin bullrun this year and in next year for the halving but it is still risky investment especially if you are using your own properties. Investing in any cryptocurrencies is full of uncertainties because they are always volatile and unpredictable and you have to be prepared for any eventualities of your investment. All we can do is hope for the bitcoin to continue its bullishness and reach another all-time high in the coming months.

Even though i agree that there's a strong possibility that the btc moons (and not only 2x), you are risking your land and houses for 2x? And not only for you but your family? That's seriously so irresponsible it makes me wonder that have you ever invested to anything?
Can you take the loss it if bitcoin dips now? and how long will you hold it if it doesn't look good? Hopefully you have a other plans as well then just panic selling.
Anyway, good luck for your family i guess.

I wonder if your family is...

I am a strong believer in bitcoin and I have not doubt that it will  surpass its previous all-time high but I still will not mortgage my life savings or my piece of real estate for it. No one can really tell with all certainty when bitcoin will move higher in price or dip lower

You sacrifice and risk a lot of things, I hope you already know and are ready to accept all the risks you will face. The strong belief is not enough, because the person who is competent in the analysis can be wrong. Have you done the analysis before? have you made sure you are in the right buy position? I hope you make that decision, not because of panic.

There are people that have done this. They sold their properties for money. They were left with nothing in 20 years after they sold their properties.  

A property is something sacred, it is a lifetime work, you can not sell a property for some bitcoins, saying that the bitcoin value will appreciate. There is no person in this world that can say what the future will give. There is no person in this world that can say, tomorrow this and this will happen every minute.

We can say that the day of tomorrow will be approximately as today, maybe somewhat brighter maybe somewhat worse, but we can not say precisely what will happen in 3 years from now.  

Thus my advice is not to sell.

I believe for your positive and brave decision hoping you get succeed put the risk the future of your family.




That is correct op made good decisions putting huge amount of money in bitcoin even he know the risk for this unpredictalbe price when will become increasingly 2x or more. I also believe that bitcoin goes uprise higher than before all time high before end of this year.

Wow, that's a huge risk to take and I salute your courage.
Although it's predicted that Bitcoins will rise by the end of this year upto 20k but we can't be sure.
Bitcoin will though surely rise in coming time.
I wish you all the luck man!

You must be a fool to actually do that . It's not that I don't believe in bitcoin but there are some ground rules which we must obey when trading cryptocurrencies.
'You must only invest the amount you are willing to lose' is the ground rule. So tell me, are you willing to lose your land and houses worth $40k ?
I guess not. Play smart or lose all.

You bought your own house with bitcoin.if you dont have any bitcoin left and you think its going to be 20k again, you better try to buy bitcoin from that price.

I don't think it is a wise decision to exchange your own house and rent a house just to buy bitcoin. What if bitcoin's price will not go as you are expecting it to be?  As you have mentioned, it was unear. Thus, you are already aware that bitcoin may dumped really low like last year with the longest months we had experienced.

Anyway, I wish you luck then. Hope everythings will be gonna okay with high returns for you so you can buy your own new house.

Many bitcoin-related news sites post opinion of analyst that always fail to forecast


Your choice was very risky, even if the price rises 2x in 1 year for example, during this period you will live a hell in the rented house, you will not have a car ... if your family is sick and urgently needs to go to a hospital and You do not have a car? These are things you need to worry about and another point:

investing $ 40,000 at a price of $ 10,000 means that when the price goes up to $ 20,000, you will get $ 80,000 ... and that means that the price of home and car will not be the same price next years


live in rented house is a headache

Wow, that is fantastic, you are very brave to bet with yourself, if I am in your position then I will not spend all of those funds to buy Bitcoin but I will only use it 50% only. Although a lot of news is circulating that says the price of Bitcoin will reach $20000, and I believe it will happen.

 I agree but people often make stupid or at least reckless decisions. One of them is definitely to invest in bitcoin with borrowed money. But some users don't have enough knowledge and experience and profit is the only aim they see. Once they get disappointed and lose a lot of money maybe they will start thinking differently.

Bitcoin is a highly volatile digital asset and its future is not clear because of its non-accepting nature, once awareness about the BTC is clear then the future will be the brightest one.

I also believe that bitcoin will also grow now, because I believe that the future of bitcoin will also experience better price changes in the future, because now market prices are also slowly increasing.

If this is your believe and very sure about what you just did then why your topic is contradicting? not everyone can take such a step that you have taken because you have such strong faith in btc and believe it will grow more and double your investment that is reason you made such decision so your topic should be inline with your post. If btc future is not clear i don't think you will dare to make such sacrifice :-\

That is a very risky thing to do. Selling a house just to buy bitcoin is a financial suicide. We cannot tell if bitcoin will really hit a good value next year. If it will go back to 20k$ after 3 years then you will have a hard time for 3 years. But what if bitcoin will no longer go up, what will happen to your family.

Bitcoin is a volatile digital product, though it has a good future but it is not wise to place all our assets into one place. But let us just hope that what you did is really the right thing to do.

We all don't have a secured future, we can't know what happen next to our chapter so bitcoin is not exempted on that. You made a good risky investment, life is full of uncertainty and those who have the will to take the risk for sure will succeed. Bitcoin is not clear only to those haters and fudster, but for those who made a lot of risky investment with bitcoin for sure they believe that there's a hidden gem with bitcoin. We all take risk, and the OP is one of those who trusted bitcoin will all of his life.

Whattt? oh my god, you're really awesome bro  :D :D .

For ordinary people the future of bitcoin is not clear. but for geeks it's not like that, they think bitcoin can be relied on as digital assets and digital payment tools that are easy to use.

More people will be using it, and even modern businesses already accept bitcoin as payment. so don't worry about the future of bitcoin. Instead I was worried about you and your family. Next time dont pledge your real asset too much and the most important is don't pledge your family with something you don't know exactly  8)

I think you have took a big risk. Future of bitcoin is always unpredictable. I wish and pray you will be success.

Sure it's a big risk but the potential of earning big also there plus this idea isn't new anymore and infact other big guy's were also selling bigger properties not just a single property but with a total/complete package including appliances , cars , etc  .. 

instead of discouraging those guys , why can't we just slaute them for being courageous  . And hey, they were the ones that is helping the price to recover and skyrocket

I don’t remember where did I’ve read a thread that do the sans thing,a man that believes in bitcoin future from I think it’s europe

He sold he’s house and the man with he’s wife and daughters live in bush or something like that,I cannot remember the full details but what I cannot forget is the way he decide something to risk for future

Many institutions,media’s and other sites features his life and he became viral.maybe by this time he life is better now I hope

Not a wise decision if you ask me. Its better off investing funds that won't hurt you in crypto because of the unpredictable nature

You are very brave to risk it all. I think the future no one knows and no one can predict the future correctly.
many say the future of bitcoin is very good.
but your risk is very big.
I hope you are lucky

Yes this has happened before. A family in The Netherlands sold everything they
had and bought Bitcoin back around 2016. They are currently traveling the world in a camper van.

https://yolofamilytravel.com/

So the OP is not the first to do what he has done, more luck to the OP,
many people, the vast majority wouldnt take the risk!

This is such a risky thing to do. It is not right to depend you and your family's future to a thing were not really sure of. Though we believe on the possibility that bitcoin price will rise again, even higher than it's previous record of 20K USD last 2017, it still remains uncertain.

This is not a wise decision to do, especially if you really can't afford the amount you might have to lose. Your family's future is also at stake. But I adore your courage for taking this risk. There are other people too who did the same thing as you do.

But since you said you are happy now, let's just hope for a better future of bitcoin and for you to not lose.

And with your decision, your future couldn't be more unclear. Was it your personal decision that you pledged your land and house to invest in BTC? I can only hope that you also asked permission from your spouse about it. This is too much for me. Even if I am a believer of Bitcoin, I would never go as far as selling my personal belongings and properties in order to invest on it. Investment in BTC may give you sweet promises but you shouldn't discount the real risks with it. Always remember that investing what you can afford to lose has been a time-tested adage.

It's pretty risky to invest in crypto money that you cannot afford to lose. (House, loans etc).

I see here people stating Btc might be a scam,  whice personally I do bot agree. It's a decentralized digital currency, that offers insanely fast and cheap ways of sending any amount of said currency around the world in seconds to anyone, regardless of their nationality, race or religion. What's the scam exactly?

I also bought a bit of bitcoin when I realized that the market is doing well and the price of bitcoin is increasing. Hopefully, the price of bitcoin will reach $ 20000 as you are hoping because it will bring many benefits to the Bitcoin's community.

I think this is much more of a spam thread.
Yet if it is true, why would you invest all to Bitcoin and rely your future.
Investment is good for the community yet you need to think for your family. Why not invest for a business then rest can go as you want. Then you would have a fund that could circulate personally.

Why bitcoin become valuable today ?
TRUST

If you believe that crypto will increase, just purchase and hold it.
And at same time every people who think the same also do the same.

I'm starting to think that your topic is somewhat contradicting your statement. As you said that with bitcoin, future is unclear yet you tell us that you pledged to buy 4 btc instead of buying a house. You even made a prediction that bitcoin will be $20k this year.

Bitcoin's future is unclear since it is very volatile and right now it is struggling to get back to its ATH which is your prediction. I even saw a TA says that bitcoin is showing signs of bearish.

Someone has big courage and believe on their investment to take risk everything of real assets. It is not stupidity because it is hard to decide but still it takes time before you see success. Diversification might help to lessen the risk to lose it. Keep on your strong eagerness to gain from bitcoin, hope this someone have success on what he choose.

I think it is better to wait for the fall and buy Bitcoin during a bearish market. You must understand that the market trend is the same, the bullish market alternates with the bearish market. In my opinion, now you can wait for the end of this bullish run and it is possible to make a profit when the coin reaches $15,000 and sell them all (I doubt reaching $20,000 this year). In Autumn buy the coins for the low price, but remember it is only my opinion

This is a very bold decision, but I would not call it smart. As I understand it, you took a loan secured by land and your home. When receiving a loan, they live in a mortgaged house. Only if you can’t get the loan back on time, then the house can be forcibly sold and you will be asked to move out of it. Therefore, I do not see logic in your intentions.
I wouldn’t risk my brother’s loan secured by his real estate, because you can’t say exactly when and how much the price of bitcoin will increase. At the same time, it will be necessary to pay the loan in a clearly defined time frame. Here you can win, or you can lose all your property. I am not ready to take such risks and do not advise others.

Each and every one of us believes that the future is very bright for bitcoin, and we know we will all have a very huge gain from bitcoin when the right time comes, but placing your house and land on pledge, I am not so sure the risk is good. I know most successful business men and women do take risk, but we also have to be very wise in taking risk.

The cryptocurrency market is quite unpredictable and unstable for now, and because of this, every risk that we take in it has to be a minimized one. If I were you, what I would have just don’t is to use one of these asset to raise money. I could use land alone, to out the money in bitcoin, or I use house, in case something unimaginable happens along the line, at least one of them would have appreciated further to fill in the space.

 I want to assume you just make this post for posting sake because I don't see any sense in this. You know the bitcoin future is not clear and still went ahead to invest $40k. This is a very big gamble and not a wise investment. Always remember the golden investment rule... Invest what you can afford to lose.

There is no guarantee that your Bitcoin investment will succeed even at the expense of your property and family. You yourself are taking the risk, you should also be aware of the consequences. And that can't make the reason that bitcoin makes the future unclear. and I think you made the wrong decision to bring your family into the obscurity of your future. Because life still has to go on and need money even though the results will not match your expectations. Think about it!

Why will you be here posting on Bitcoin forum and still yet not be clear about the future that bitcoin has brought into us. You should have been out of this place to preach this good gospel, although if you are from the traditional settings and be afraid of loosing your job after the global adoption, then secure your place now and stand the chance of having a good future.

Why will you invest in bitcoin and still not clear about the future of it. If it happens that way then it means perhaps you have no hope in the coin you are investing in. I don't agree with you. I think bitcoin has a potential and its the future.

The future is unpredictable. However, I still believe and Bitcoin and the Cryptocurrency market. I can still make money from everyday transactions by it. Besides, you need to do many things that are risky and accept loss, it can happen at any time. Bitcoin is so, it can help us become rich or without anything

I have no doubt that the cryptocurrency market is very convenient for obtaining a good income, especially if you have some knowledge and enough experience.  Cryptocurrency has already helped many to become financially independent, but you need to take into account the moment that everyone can use cryptocurrency, but for this you need to have at least basic knowledge so as not to make very serious mistakes.

I admired the guts you have pal, you risk all the property you owned for the sake of having a bitcoin and hold em until it reach 20k$.
The decision you made was a very dangerous things, I'm wishing that I have the brave like yours, but by the way I wish you in the end that
your expectation will be achieve.

It is a huge risk and I hope you could manage it very well .
But even though I believe in crypto I wouldn't risk something like that I mean most of us here would want to have our own house and working in crypto to achieve it so for me my family's home would be my priority.

I definitely agree that what you did is so much risky. You could have lost your money in just a sudden if you don't how to manage your investments well. I believe we are very optimistic about the future of bitcoin but bitcoin itself is very volatile so we should not invest in it solely. At least we should learn to diversify our investments so that if one fails, we still have other one to make profits for us.

Future isn't clear for you because your so hasty.  And you are always looking for quick profits  .don't you know bitcoin future is so bright bro? open your eyes !! Because it keeps showing a sign that it still have a strength to jump higher despite of the fluctuation ! Indeed .that is the big proff that the king isn't dead and just relaxing remember that bro because there's a time for it comeback again. Maybe not now but lets see in the future.

It's quite unlikely that the price of BTC doesn't hit 20k at some point in the future.  In fact, I think 100k is coming at some point within the next 5 years.  So the OP may have $400,000 instead of just $40,000 which I assume would allow him to get a much nicer home than the one he previously had.  He could also cash out half his BTC at 20k and ride the rest risk free.

The future is not always easy to guess and probably because Bitcoin has a good and a great future that's make you to say that the future is not clear but let me say this, Bitcoin has a great future and cannot be compared to Fiat's, so, with Bitcoin we should be rest assured that the future of cashless policy is feasible and very clear.

For the sake of OP, I really hope that everything turns out well for him in the end because it will defintely suck if in the end the value comes crashing down once again. It's a very risky move putting all your egg in one basket, at least having other investment options would be a great thing to do and now if it doesn't work out, you have lost all your money.

I think OP made a wrong title, because the subject is different from the body as I can see, he rented and apartment after he sold out Hus investment that worth almost $40,000 and hoping to get the price at $20,000 per Bitcoin, which to me is very visible next year. Actually OP has seen the future of cryptocurrency more rewarding than any other.

Learning from the year 2017 that at that time Bitcoin could pump very high. At that time many people had a huge advantage because they had previously bought Bitcoin at a low price. But they will also not think that when Bitcoin can be very high the price is pumping.

So if many people think that Bitcoin will reach $20K, I guess it can happen. And in the year 2020 would probably be a great time for Bitcoin to return the pump.

Well yes the future is not clear. Many people do prediction about bitcoin, and assuming that bitcoin will be reach 100k and such. But they're all just assumption, we can't really believe it until it happens or there's sign that may indicate it happening soon.
But i think it's too risky for you to pledge your land and house, especially you have family to worry and take care of. It will be disaster for you if btc price drops or else. But i hope it will be good result for you. I hope bitcoin hype in 2017 comes back again and make btc price pumps up.

It is hard to predict but a good thing to believe and hope for better days ahead. Bitcoin and any other altcoin are subjected to high volatility. Hence at the end of the day, is either you lose big or make some high profit as you desire.  Anticipating for a year for BTC to hit $20K is very feasible.

This tittle of the thread was misleading me that i thought you were hate bitcoin and says future not clear but apparently you're one from some of people who too dare sold all of your wealth and putting your money to bitcoin but the future sometimes beyond out from our expectation and i wish you will prepare to facing the worst scenario in bitcoin because future of crypto is very unpredictable

Well that is what it is, it is an alternative to fiat, and even if we are using it as digital assets, it is still going to be an alternative to it also, and the main concept of bitcoin is to be an alternative, so anyone that is making it the only source of payment and investment should be sole responsible for his actions on whatever happen through the crypto, that is why it is stated to be a risky investment and never should anyone take some risk that is not worth it, like risk of taking loan, although the system of utility of bitcoin is really worth it and the investment of it could also be worth it, but cannot be all the time, there are times that the system will not work in our direction or to our expectation, so we have to know how to deal with that then.

Good for you, OP, you may think of many things when your investment goes in the right direction for you but always remember that things can change at any time. The best investor can become the worst in a matter of months. You have to learn to be smart and get some of your profits before things turn the other way.
Traders and crypto whales may never send Btc above 20K because they know it's the point of exit for many people so be smart and trade with the fluctuation and make your profits than holding and expecting a 20K soon.

It sometimes to be doubtful but can't make a way to think that Bitcoin still unstoppable and could conquer the challenge with.
Though it looks different today and it is riskier than of before but we can't disclose our chances to become more profitable.
Reaching for another $20k this year is a big thing to challenge and still not guarantee to make it.

From the beginning you assumed a huge risk as the main rule in crypto is to never invest more than you can afford to lose, or I'm not sure how comfortable you can be to lose the money from your sold house.

Good luck, anyway!

no one can predict the future with certainty, things you do are really a lot of risk you should not do it, I think one mistake when we risk everything when in the future is not what you expected maybe you will be very sorry even you could be crazy.
just by researching your news source is very brave to decide to risk everything, it's a wrong decision to obey.
I hope you are lucky.

it is an interesting or risky decision but it seems you are really determined to do that by guaranteeing your place of residence to buy lots of Bitcoin. in my opinion it's good and requires patience extra to wait for the price of Bitcoin tocan go up by $ 20K in next year. if the news source that you see does not in accordance with what happened, then what will you do with your BTC?

First of all I would say that it takes a lot of guys to do what you did, Congratulations on that. Secondly, I'm too sure that bitcoins will increase upto 20k this Christmas but we can't really be sure of that although it's the highest probability.

Also at the same time it is supposed to be risky since the market is going a lot up and down but we somehow manage to attain stability even so the market may change anything we can only hope for the best.

Then change the topic title to “Bitcoin Will make my Money Double” lol

I will never be a fool doing such thing thinking that assurance for my family’s future is at stake here.

I don’t know if  you consulted your wife and children’s before doing this but I’m sure they have something say and it’s very important because this is not only for your life but their future is what.

---

I believe IN Bitcoin and I am still investing for future but I never forget what’s the golden rule of cryptocurrency that we have hearted and most followed

“Never invest something that you cannot afford to lose “

I am truly amazed by your courage to buy 4 Bitcoin and hope that the price of BTC will rise high in next year. we will not know what will happen in the future and cannot predict the price of Bitcoin, in my opinion it is very high risk and hopefully you are lucky can to get a big profit in next year if Bitcoin prices can to reach $ 20K. if I have a lot of money like you I would also do the same thing.

None of us can really be sure of that, and we hope that it does increase to that, but I doubt if the market makers will see it get to that because I am still scared that we might enter the bear market too soon if the value suddenly shots up to the $20k, because of the pending trades that we have on the last bull run.

You remember that many people bought at that peak price, and all they are waiting for right now to correct that mistake is to see bitcoin grow to $20k, the moment that bitcoin grows to $20k, I have this feelings that majority of them will want to quickly  recover their trapped funds, and by the time we have massive dumping, it would also create panic for the rest and could make the bitcoin return back to bear market prematurely.

The decision he made was actually a right one, but I feel he went about achieving it in a wrong way, the worst thing he can ever do is to take loan for such a high volatile market, and we all know that loan has a time frame, we could say that bitcoin will rise to that $20k next year and would not rise, may be the upper year which might have made him loose his house already, and for an investment that you are getting times 2x, I am not sure that it was worth all the risk that much.

The best would have been for him to put little saving into it and allow it to grow even if it does not have to be much, and I feel greed is still what made him sell everything to want to get 2x first. If I were him, as I put the $40k, if it increases to like $50k, what I would do is to remove the $40k to pay and then continue with the remaining $10k to invest with more.

Never invest more than you can afford to lose.  Certainly never invest your life savings and home. 

The future is clear but it all depends on how knowledgeable you are

it's the bravest choice I've ever heard, and it's also the dumbest choice you might choose. bitcoin investment is risky,many people said you have to invest with the amount you can afford to lose and you have just invested with all your wealth? if you lose, then not only you that feel the loss but also your family? Have you considered the risk carefully dude?

I am happy with bitcoin and you future will be more lighting with investing your money in bitcoin, many news bitcoin will raised to $20k at the future and keep your bitcoin as best investment assets.

I would never wonder what would happen to her now :o

Risking the future of your family is a wrong choice, if you are not that rich. people are still believe if they invest the whole what they have it will give them x2 that what they want. this mind set would never bring you to success even you do everything. appreciate what you have and don't waste your family's future. Even if you make a sacrifice, it will not help you lift even if you put your family's future at risk. Market is volatile, if ever you are knowledgeable to this. you can manage on your own. Goodluck!

selling land and houses for bitcoin, and renting an apartment is a very brave move. even though all success requires sacrifice, I will not do the same. however, I will try to get a large amount of bitcoin before the price reaches $ 20000. although I also believe in that, however, I know that there is still a risk of that action.

but, I appreciate your actions, because not everyone dares to take such a decision.

Yeah, it's much possible BTC could increase to 20k or even more than that some people are saying it will hit 50k till 2022. No one exactly knows where it will go. If there are only 10% chances of coming down, but not having a backup plan is not a good thing for an investor to survive.

This is really a strong move selling assets to buy bitcoin though future is not clear. As we see the market with volatile movement we cannot tell what price of btc will heading. We should think many times before doing such move just to invest in bitcoin.

Indeed some form of investment are for men only  :)... This is investment and hope it yield positively and you expecting returns  in long term which make it quiet reasonable... Your future will always be bright with BTC.

First of all according to your post Title it's shown that, still you have confusion about Bitcoin future. but you have taken a big decision and done a risky work. there is no doubt about bright future of Bitcoin but anything can happen with crypto currency. if it's price go down, it will recover must after certain time. so that you have to hold your coin to recover price when the price go down. so i think this is the best time buy BTC by your unnecessary money. as a result if you need hold your coin for the long time to get big profit, you can not face any financial problem in your real life. wish you good luck

my point is, "Buy BTC by unnecessary Money not by Land/House sell's money"

Everyone creates their own destiny. But if you put the family and investments in bitcoin on the side of the scales, then I would rather not risk as much as the author of this branch.It is likely that bitcoin will grow in price, but where are the guarantees?where's insurance?I wish you good luck and hope that You still made the right decision.

In every investment always be a risk taker, as long investment concern, hence always invest on what you can affordable, Secondly the prize of bitcoin can not be predictable. But base on the current prize at $10,000 per BTC, is very good to invest in a future time.

I get your point but this is not the case with many people here. Those who are bullish on the future price of bitcoin dont really take into account the expenditure behind their investments. This is risky though and not advisable.

What you said - "unnecessary money" -- this is a oxymoron. Because money is never unnecessary unless you are living in a lap of luxury where you a lot of ancestral inheritance to waste on. So finding out some cash good enough to buy bitcoin with is often frustrating for a common man. Still my point is that we should keep aside some cash to buy coins everytime the market dips upto a limit that is sustainable.

NO, but I'm more concerned about increasing my portfolio, if we are in the same pace then I will like to share with you how I have been able to double my holding in bitcoin and other alts.

first thing is to familiarize with all the earning methods available which are trading, mining, and investing. The most reliable is investing. investment sector in cryptocurrency has been infested with fraudsters, you need to be careful when you are investing. there is investment platform like procoinvest which pays you double of your invested funds in 7 days after investing. For now its the best and most reliable investment platform available and also a mining platform like Genesis mining which pays you 10% weekly returns

Just type https://procoinvest.com in your browser and start investing or genesis mining if you are interested in mining.

Just my opinion. Your research may take you down another path.

The fact is that no one can predict the further development of events in the cryptocurrency market with a 100% guarantee of success.  We will still observe not only ups, but also a drop in prices for Bitcoin, and therefore we do not need to fully focus our attention only on income from the cryptocurrency market.  No need to take loans to buy Bitcoin, because the risks are very big.  But I believe that Bitcoin can cope with its problems if the scalability problem is solved first, but at the moment it is impossible to do this in my opinion.

Every investment is risky and unsecure, that is nothing new. Bitcoin is not exception and the risk is maybe even higher. What you always can count on with Bitcoin is volatility and that sooner or later you will experience loss. That is why is probably most important thing not to invest more than you can loose.

wow, that's some really "badass" risk but the fact is that if you know what you're doing nothing really scares you that much. We're all waiting and hoping gor something big to drop on us(i mean the market to go high). Looking at how far crypto and Bitcoin has come to, i believe there's yet more to achieve. We wish ourselves all the best.

Many are believing that Bitcoin will rise in the next few years but to be honest, there will always be a small chance that Bitcoin and the whole market will crash one day.

Well, I don't blame you if you believe in Bitcoin because many are believing on it to including me but one advice that I can gave is be ready for the worst situation that can happen anytime.

This kind of story always reminds me of this guy Didi:

Hard to ever see myself go down the same path, even though the guy's circumstances are basically mine: got dependents not of age. I have no problem taking risks on my own account and only for me to pay for any possible consequences. But the guy at least has the support of his family, maybe easier to jump with both feet in this case.

I wish you well, for your sakes. But I strongly discourage anyone who isn't an island to do the same.

This is just a big risk taking ever, it really take a lot courage to go in such way and I believe you will never regret this even if it takes years to bounce over $20k u expecting but am sure it will definitely surpass that when the bull returns .

So just hold yr position and never panic to sell even if it went below $10k cos no one know what it could do next but with steady n slow race it will beat yr target.

What sort of fool buys when it is going down?

on3of he most riskiest decision I have read here in forum because this is not just the money is at stake but the life of the whole family instead.
did your family decide with you as well?i mean has your wife and children’s (if does)agreed with this risk?sorry was just being concern for them
well that’s enough for now while waiting
we all believe about this but I am not risking my house for this I am enough for my investments so far

At $40,000 for 4bitcoin simply means that you bought when price was around $10,000 per coin. My question is, "why did you not buy a few months earlier when price was around $3,200 this year? It's a dangerous thing to chase price. And the risk you took diving in is a huge one, I must confess.

indeed like that people who experience frustration, which can not see the future of bitcoin, need a good psychology to survive here, you are currently only floating minus a little, but here many who still hold it even though they are fighting against psychology. keep calm and re-analyze bitcoin

I don't know what to say about you did. You really believe in Bitcoin that it has a great future. You sold your property just for Bitcoin. Anyway, your giving more motivation to people who are scared to buy bitcoin, I think they need to know your story. By the way, the price of Bitcoin next year possibly reach $20k at anytime.

Several years ago I bought over 250 bitcoin at about 250 dollars each.  Then in August I got a like amount of bitcoin cash for free.

I used this to buy a 400K new farm house on 40 acres of land, a 15K soapstone wood stove, 4k bed, and more.  I still have more than 100 bitcoin and bitcoin cash left.

Will bitcoin rise again?  You be the judge.

- It's not just a small opportunity like you said, it's always a huge opportunity, an opportunity where bitcoin can collapse and this market will bury with it because a lot of people have too high a level of trust in bitcoin, and the market is always controlled, that can become a weakness and opportunity for some of the wealthy to put us at a great loss. Plus, everyone knows bitcoin's movement, it's unclear, asking for a clear future is vague but unfortunately, many people still believe in a clear and bright future.

A huge risk you have taken. You're not sure of the future of bitcoin and you still pledged your land and house for bitcoin. Well that is your choice, nobody can really tell what will happen in the future about bitcoin. You just have to stick with your decision. The future of bitcoin will really affect the future of your family. But if I were on your shoes I wouldn't risk too much, make sure that if you lose you will still have something remaining that you will be able to use to cover the loss. Yeah greater risk is equal to greater benefit if you win but if you lose you will really suffer. There is no risk-free in life, because if you really want to achieve something you need to give up something with equivalent value.

It is a good idea to invest in bitcoin when we have excess money other than savings and understand the market in various ways, even in our bitcoin forum we can read a lot about Bitcoin Architecture from "Lauda" and invest the amount which do not lead us into any risk.

You all are speculating but I highly doubt the OP to be someone so truthful. This is the internet and the people can say whatever they want to. Nobody is forced to be truthful. ::)

Besides someone making a huge investment in some speculative asset, dont you think people are going to try to stop them for putting in so much money there? Not to mention they are going to face a lot of legal trouble too. Even then the OP may be telling a true "tale", in that case I hope they are able to survive through it. But having seen so much of the internet I doubt the credibility of a random person on a forum.

It shows you are lacking on the understanding how bitcoin will work in our digital economy. Take a look on the blockchain secured protocol and watch videos about BillGates speech about bitcoin and you can find the leading rich men history through crypto and there was a 1 billion dollar transaction happened recently.

Give a try once you learn and share with us.

The dollar can also crush one day, as well as the other stuff - nothing lasts forever. I guess BTC will be always the best crypto. However, you should carefully look at c Ethereum and BNB Coin. The rate here is quite simple, a serious upgrade is planned for the ETH. As for BNB Coin, it can turn around at any moment; the main thing is that the Binance exchange finds a suitable excuse.

That is not an investment for sure. Just because of you searched and you have faith does not mean that you can just gamble your wife`s or children`s future. I mean I really hope BTC 20k next year but still you have no right to put someone`s future in such a high risk.

Yes there are predictions saying that btc will reach $23000 by 2020 (https://coinswitch.co/news/bitcoin-price-prediction-2019-2020-2025-latest-btc-price-prediction-bitcoin-news-update) but, are you serious about your property?

We cannot predict the value going up or down. You are a reckless person when mortgaging your assets. I think it is best to invest in BTC with savings or passive income. If you are reckless, you may become rich or be a poor person.

You're right with what you said about using ones passive income to invest in bitcoin rather than selling ones properties but you're concerning unable to predict the market value because some event of the crypto market surge is logically and an example is bitcoin block halving which usually leads to new ATH of the crypto market.

The future is still a long way to go which means no matter how popular or well known bitcoin today we can’t really guarantee that it will still be the same tomorrow. It is okay to invest and gamble some of you savings to bitcoin but putting all your wealth on it is not a good move for me because anything can happen along the way. With the increased competition between bitcoin and other coins and future coins, there is a possibility/chance that a new coin will become the king in the future. Sure bitcoin is the king now and no other coin or altcoin has surpassed it but who knows, someone might come up with something that will beat bitcoin so putting all your money at stake is a very risky and a not practical move.
I just hope it will go as planned because that’s all we holders or even traders are looking forward to (fingers crossed). Hopefully bitcoin will really reach $20k in the next few years.

Do it.. if you have to think about it deeply. in the future there are only 2 possibilities, it is a failure or succeeds.

many successful people have proven that their success comes from their courage in taking risks, the highest price of Bitcoin to date is $ 19.9k. Bitcoin opportunity to return to that price is still very big.

Firstly, the topic you used for this thread is a little confusing because you actually believe bitcoin investing in bitcoin this year will bring you a huge profit next year May which you did invest in it and that's a good decision but you selling your land and houses in other to invest is something I don't think is appropriate due to the risk involved.

I don't really think this is a good investment to leverage your land and houses to buy bitcoin with the hope of it reaching $20k. In the crypto ecosystem, you should invest the amount you can afford to lose just in case anything happens. Looking at the bitcoin market, it is not a good idea to invest such huge amount in it. It is very very volatile.

It is an index that can vary, I am one of the people who are sure that when Bitcoin reaches $ 20K it will continue to increase and increase, and the scenario is not far away. The decision he has made is to admire because many people do not have that impetus, especially those who are governed by making the decisions that are safe, since we are in schools teach us that the most correct decisions are what we should look for and when we failed Punish with the rating, in this case you break the paradigm, because you leave "The Safe" taking a risk without fear of mistakes and this is how the mentality is changed to be a better person and millionary, Bitcoin is likely to rise soon, As It is at an early stage of the uptrend phase, sometimes we just have to rely on our intuition and leave behind "the safe" to hope for the best.

Your right cause sometimes in life ones need to leave behind the safe and hope for the best which is what Erik Finan did back then when he invested his intuition fee into bitcoin but in my opinion, I believe the OP is somehow greed cause he ought to sell his land alone and invest the money.

Let just hope he understands how to stop losses as crypto investment is concern.

I am shocked at his decision to do so really and he is happy to say it in public, if he was my younger brother, I would have lashed his buttocks for him for making such decision that is crazy. I guess he wasn’t thinking straight when he was doing that. No one is saying he should not invest or no one is saying he made the wrong choice of investment, he made the right choice really, but I don’t know the part of managing risk that he does not understand.

I guess this is the greed that made those who invested at peak in 2017 to still get stuck in the market till date. Well, like you already wished him well, for the sake of his family and his wife, bitcoin would quickly grow to 20k before he would die of hypertension and suspense of bitcoin price.

That would be a wrong type of optimism. You see, the pump of bitcoin price in the year 2017 Q4 was due the people who accumulated bitcoin for getting big amount of BCH forked coins and the Bitfinex Tether pump. So this drove the prices and then Bitfinex sold to cash out their coins at high price. This wont repeat because it lead to some criminal investigation and other exchanges became wary or such pump and dump schemes.

However buying bitcoin for the future would always be good but dont expect a sudden huge rise in price. Its going to be a slow and gradual rise.

As simple as that?
Come on men this is not true, you didn't state on what kind of houses are you living now.
I saw an article like this last year where he sold his house and live in a tent with his family waiting
for the Bitcoin price to go high or what we called bull run.
Your story, on the other hand, has nothing compared to that. 

Like many ppl said your title doesn't fit what you said. With bitcoin, a future is not clear, but you risk most of your money just to invest in bitcoin. Imagine what will happen to you if bitcoin's price does not increase at 20k. But anyway I'm sure that you have some other plans why you trusted to much on bitcoin. But in my side just to advice you to spend or invest so money that you can afford to lose, especially in this kind of industry that the price of bitcoin is not that predictable and constant. :)

It seems that today Bitcoin is in the stage of adjusting its price and there is no need to worry about lower prices in recent days, I will assume that upcoming events will again improve Bitcoin's performance in the cryptocurrency market.  One of the first events that will interest cryptocurrency users is the trading of Bitcoin options, which will be implemented by the “Chicago exchange” CME group using Bitcoin futures.  This is not the latest news, since many exchanges will focus on the use of cryptocurrency, because lately the popularity of the cryptocurrency market has greatly increased and the interest of traders from the stock market and the securities market has grown significantly.
So you can only advise one thing, first of all, buy Bitcoin today, until its price has not rushed up.

This is as stupid as it can be. Never ever invest something which you cannot afford to lose, only then you will be able to make cold, informed decisions.

The price of bitcoin might increase to 20k next year, or it could be in 5 years. Can you afford the wait? if you don't, you lose.

What if it reaches 12k~15k instead? Are you going to cash out?


If you have a different source of income, and can literally forget about these 4 BTC and look at them in 10 years or so, then you are good. Else, you are in trouble.

Never invest what you cannot afford to lose...

Never get in debt for these things either, its not worth it.

It sounds me like an Anxiety on gaining profits through greed. We can take a step like this only considered when we have a security for our future including our dependents ie., family. It is still a green flag however do teach the transaction details to your spouse and guide them where they can have a secured assurance.

The volatile market is tough to predict if you take this actions its needs  being supported by long patience and trust to this industry, by trusting your investment only means that you have a good anticipations and you are more than willing to take the risk to follow the market. Though there's no clear
assurance that the value will bounced back and provided decent profits.



Keep in mind that sideways is the hindrances to fulfill your dream success, overcoming everything and extending your patience is a must.

If we consider Bitcoin only as a means of investment and earnings due to volatility, then for the entire period of the existence of Bitcoin, this coin will lose its relevance, since its value will fall sooner or later.  The main interest of investors in Bitcoin should be not only in the possibility of using Bitcoin as a means of payment, but also in the ability to carry out safe and fast transfers of large amounts of funds using Bitcoin.  And if this opportunity will be implemented in the coming years, then definitely Bitcoin will increase in price by tens or maybe hundreds of times.  But today, the main problem is scaling to implement all these plans.  Although experts say that scaling can be a problem if you want to buy a cup of coffee in a store and spend only a couple of minutes on it, but to transfer large amounts of funds it will take no more time than in a regular bank transfer.

the problem is, we don't know when the bearish market will recur,
so, the plan to wait until the price of Bitcoin bearish is not good.

what the OP thinks is really brave,
if the OP isn't married, I think it's worth a try,
but if the OP is married then what the OP thinking is too risky.

What a strong belief you have, you have the guts to do it. I wish you good luck for what you did.
Though, no one knows what bitcoin in the future could be. But majority of the fanatic had the same belief like
yours that in the near future it will bounce the price in the market. But 20k$ is much realistic to be happen before
end of this year, although that market was unpredictable.

Because bitcoin is too slow to develop and may not be able to survive until its full adoption, as by that time, someone can create a more promising currency

For me, yes it is. We cannot really rely our future for only just in Bitcoin. We all know how unstable Bitcoin really is. But if you think deeply, there is nothing to be sure of. Because for me, I do always believe that there is no permanent in this world except change. So everyone or anything's future is not clear. What we can do is keep on struggling, just like here in the crypto currency community.