Sell your house for investment in btc.

[bosede1]

To sell my house for investment in BTC, highest impossibility to do and it will only happen if I have other "houses" before parting with just that one. Yes an investor must be a risk taker but not to this extent

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[smajler]

If I had a two houses why not? but... for Btc I would buy DeepOnion hodl for 2 years and I would certainly be rich.

[Ultimist]

In any case can not invest the money, you cannot borrow and you cannot invest all the money! If everything collapses, what will you do?

[Squirrel Dearing]

Free cheese only in a mousetrap, do not chase a quick profit! Buy free money just a little bit out of the top 10 currencies.

[darkangel11]

You still need a place to live, selling your only house isn't as easy as it seems. Expensive properties usually need months or even years to be sold and you have dozens of people walking around the place you're living in every week. It's an extremely annoying and tiring thing known only to those who tried to sell their house at some point.
For me it would be impossible to use it as an investment because I'd have no place to store my stuff. I'd have to sell all furniture and personal items or hire some containers and keep it all in for months while I'm squatting with my friends or in a rented apartment. I'd rather take a loan and invest it.

[garry.koel]

Personally i would not do this,neither i will advice to anyone because by doing this i am not only risking my life but also of my family and family will always stands superior than any profit.

whenever you invest you should do risk management and selling your house for investment has no risk management at all.it would be considered as gambling.

[MiiDoViic]

That is very absurd. You should invest only what you could afford to lose and a house is defenitly not something you could afford to lose ,since you will be living in the street. only a crazy person would do such an investment

[aestrum]

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.


would you try this technique.

If I had 5+ homes I would try this for sure. But if I have only one house, that would be too risky. Don't invest more than you can afford to loose.

[darkangel11]

Definitely no.

I mean... once you are the street, how do secure your access to your wallet? What do you do with your computer? You keep it in the street? I bet this won't last a week!
Furthermore, what o you do with your clothes? How do you shower?

You don't have to live in the street, just invest 90% and use the rest to make a living. If Bitcoin goes up according to predictions it's going to make you a lot of cash . Much more than those 10% you'll spend at hotels or rented flats.

I understand what you mean here but even though selling "big" stuff (house, car, and so on) can be seen as an opportunity of profit... Well you cannot actually live without it. And if you can (let's say you have two houses), then... what are you waiting for before investing loads in btc?

Plus, consider that bitcoin is also well-known for its volatility. What do you do if you do not make profits but losses? Two other months in the street?
And I don't even mention possible taxes and controls made by your government!  

Get paid in cash, run away and buy a house in some tax haven

I still think it's way better to take a loan, although selling and investing is also doable, just risky and uncomfortable.

[barabut]

It depends what you put back, if you sell your house then you should pre-accept to live in a rental place or street if the case you make loss, this is the risk that you take

[morkriger]

In life there is things more important than money. I would never change tranquility at my house for money. Do you have lived in streets? I think it's not as easy as say it.

[mringo]

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.


would you try this technique.

I do not think that is a good idea. if you are alone and have no responsibility to take care of anybody then do it but otherwise you may not risk so big.

[TheBarMan]

This was a good idea last year when was in 1000 dlls...

now everyone is expecting a collapse.

Im not sure if really is a good idea.

[webdevmastery]

Investing is not really necessary. If you are new in bitcoins then i highly prefer that you should work on bounty campaigns to earn coins and from there you can have your starting capital to trade or to build a mining rig so you can earn bitcoins passively.

[BCTS]

And where will you be this time to live? What if bitcoin collapses, then what? Invest only free money!

[Marry Finch]

No, even if I'm absolutely sure that in the near future bitcoin will increase greatly in price, I would not risk selling my house for the sake of obtaining such income. You can not get so carried away and take risks that you are not afraid to lose. We can not be absolutely sure of the normal functioning of bitcoins and that its financial bubble will not burst just after the sale of the house.

[v0rtecxz]

indeed the opportunity to get big profits with capital is also great, I think what you have described is a pretty good way, but I think the way you use is too big a risk where you sell the property and then buy some bitcoin with the money, if on when you buy the price soared you can get multiplied gandan benefits, but the opposite is true if the price is down, you can suffer a considerable loss,

[BTCMA3IA]

I tryed but nodoby bought now it's to late....
Etherium looks good

[xuan87]

Bitcoin Investment also got a risk, if you sell your house and the price fall down then you will be suffering, that is not a correct way to invest your money, only invest from your spare money, sometimes Bitcoin price can stuck for month, invest with a clear mind don't get clouded by your greed

[ace4549]

In my own opinion it is not advisable to sell personal thing for investment. The purpose of investment is to use your extra money to provide something more in future.
In our generation many Filipinos value their family and home which you cannot afford to sell it.