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Author Topic: I'm Selling My House to Buy Litecoin  (Read 5991 times)
loreRex
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April 04, 2017, 09:17:17 AM
 #21

Ok, but your HOUSE in LTC... come on!!!

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April 04, 2017, 09:21:32 AM
 #22

why not sell your wife to buy LTC Grin   and buy a more younger wife in the future . Roll Eyes

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April 04, 2017, 09:56:54 AM
 #23

why not sell your wife to buy LTC Grin   and buy a more younger wife in the future . Roll Eyes
Nice joke dude Grin Don't sell your house. It's too risky to become homeless.
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April 04, 2017, 10:46:19 AM
 #24

Everything is uncertain with the virtual currency network. When it comes to litecoin the volatility experienced is quite high so sometimes Op might go homeless and if lucky the pumping in price get him a house with a name board as Litecoin House after selling his own house.

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April 04, 2017, 11:04:14 AM
 #25

I have a friend that sold a land which is worth 1.5m € for 1m, his GTR and Mercedes G class to gamble in a casino. So selling a house to invest in a coin is not that bad idea (unless your house is the only thing you have)
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April 04, 2017, 11:17:55 AM
 #26

I'd just like to point out he said he has a high risk tolerance which leads me to believe that he wouldn't be homeless and broke if he somehow lost big on this move although I doubt he'd lose out.

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April 04, 2017, 12:18:06 PM
 #27

Either this guy is extremely rich and therefore it means nothing or he's a complete idiot.  Litecoin might well go up but if he's following a blind belief he might well end up homeless.

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April 04, 2017, 01:02:18 PM
 #28

I remember such a story.  I think one of the guys wanted to buy a house with bitcoin. But with the rapid rise in bitcoin, the value of those who are in possession has suddenly increased. Only one house could be bought with Bitcoin value that day  But as the bitcoin value increased, the man had also taken lamborgini at the same time. Huh Roll Eyes


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April 04, 2017, 02:29:02 PM
 #29

Good LORD!! This is too much to take! I would never even think of selling my only house and investing into cryptos which is highly volatile. Any thing can happen. Doesn't mean that I don't believe in Crypto, but investing by taking such a high risk is not my game. I hope everything works out well for him if  he does take a huge position.

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April 04, 2017, 02:34:09 PM
 #30

Absolutely crazy, if someone was going to sell their house for litecoin or any coin for that matter even bitcoin then they must have a backup, there must a second house or some other money to keep that person afloat as nobody in their right mind would take such a risk.

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April 04, 2017, 03:44:43 PM
 #31

Looking at the video I think that he have analyzed deeply the 2 cryptocurrencies namely Bitcoin and Litecoin that's why he have come up on the decision of selling his old house to Buy Litecoin because he thinks it is as promising as the Bitcoin's future will be. Also I have to disagree with what he is saying about not putting all the eggs in one basket because of what he did is also counted as putting all the eggs in one basket because it is not diversified enough and Bitcoin and Litecoin falls to the same category "Cryptocurrencies". And for surely he is really a risk taker of the fact that one major factor that made him buy Cryptocurrency is when the government tells that they don't recognize such thing. But surely what he did paid because of believing that Litecoin will succeed as a currency.

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ronaldo40
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April 04, 2017, 03:51:29 PM
 #32

This is such a crazy, why do people sell homes only to buy litecoin, whereas most profitable investment is an investment house and land.




Why not if it could make a profit of up to 100-200% in a short time. but we never know what will happen with these coins. and this is really crazy. It's like doing a bet Cheesy
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April 04, 2017, 03:54:23 PM
 #33

OH MY GOD ....... HE'S CRAZY .....

WHAT IF HE LOSE ON TRADING ...... WHAT HAPPEN TO HIM ??


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April 04, 2017, 04:18:13 PM
 #34

You can get really rich if you catch the right moment.
Let's pray for this guy !
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April 04, 2017, 04:50:47 PM
 #35

crazy the risk is not worth. those are the people that lose all they have and whine then about it



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April 04, 2017, 04:53:20 PM
 #36

You can get really rich if you catch the right moment.
Let's pray for this guy !

Even if it's successful this time, with this mindset he will be broke sooner or later.

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April 04, 2017, 05:22:51 PM
 #37

I think it's a risky decision, but it looks like he's aware of what he's doing. At least Litecoin is a more stable currency, unlike most P & D schemes.
yes it is risky decission but fortunately that he hasn't sold his house and i wish we would not do that because even currently the price of LTC increasing but i think sold house only for buying cryptocurrency is silly decission and the risk very similar such as gambling
 
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April 04, 2017, 05:32:28 PM
 #38

I think the potential profit isn't worth the risk he's taking. It takes an incredible amount of courage and stupidity to make a call like that. Let's see how this will end. I'm grabbing my popcorn.
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April 04, 2017, 05:41:23 PM
 #39

Ok, but your HOUSE in LTC... come on!!!


There is nothing unique about litecoin. Its price will drop against bitcoin in the long term.

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April 04, 2017, 05:49:50 PM
 #40

Investment in cryptocurrencies should be done with extreme responsibility  Wink

We must see it as a money that can be lost (as any investment) and not compromise anything that can bring misfortune to us or our loves ones. I don't believe that selling my house is a thoughtful approach in this subject.

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