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Author Topic: Sell your house for investment in btc.  (Read 9100 times)
JohnBitCo
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December 17, 2017, 06:00:21 PM
 #461

I don't have any house, I live in a rental one. Even if i had i would never do these stupidly. How you can gives guarantee of bitcoin increasing in 2 months?. What if the price fall down in 2 months and you lose your all money. You can consider bitcoin as gambling and it is not wise to take such risks.
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Stanlymaker
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December 17, 2017, 06:11:31 PM
 #462

Well, in fact it was worth selling your house six months ago ....
And even better - 3 years ago. A little to live on the street, but now, you would be billionaires.

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FranciskWalkerpz
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December 17, 2017, 06:23:50 PM
 #463

It's too risky to do this. 9 years ago, I had sold my house to invest in an opportunity, and only two months later, the market changed. I haven't bought my house yet.
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December 17, 2017, 06:28:52 PM
 #464

In bitcoin i think it's possible.You can see that now 1 btc is 20k usd which was 3-4 months ago 4000 usd.So if you sold your house then and invest that on btc you can buy 5 more house now

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December 17, 2017, 06:32:23 PM
 #465

But why would you like to spend 2 months on the streets? Let's assume you had the perfect scenario where Bitcoin is guaranteed to grow in those 2 months, and is still not a good idea.

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December 17, 2017, 06:33:50 PM
 #466

Although bitcoin development and investment in it can have many benefits but selling my home to invest in bitcoin is very risky. I would not do that. If i sell my house to invest in bitcoin, when the bitcoin is forbidden, I will lose everything.

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focmere
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December 17, 2017, 06:35:19 PM
 #467

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.

It would've been a great deal selling your house 9 years ago. Now I would say it's risky. Too risky eventhough I trust the tehnology, I don't trust it that much. You must leave room for the risk as well.
brengoskandel
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December 17, 2017, 07:55:18 PM
 #468

sounds really stupid, are you going to risk your life just for bitcoin?
if someone is willing to sell his house just to invest with bitcoin, that person must be stupid
bitcoin prices erratically, if for example you sell a house then use the money to buy bitcoin, but when you want to sell it and the price drops, you will lose the house, and that is stupid
PizzaBTC
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December 18, 2017, 10:30:32 AM
 #469

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.

This move will be very risky , you will gamble your property just to hope and make some profit in bitcoin. I don't see this as a technique but a stupid move for the house owner. I recently read in social media that a family also sold all of their property including their house and cars just to invest in bitcoin.
Bitcoin is very promising and giving comfort to the investors but it is hard to say anything such. Property should be sold for bitcoin but in a limited quantity because when you are not skilled in trading then there are always great chances for you to get scammed and your wallet may get hacked, left behind is nothing with you. So taking such decisions is quite hard and risky for the mass.
Pan Troglodytes
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December 18, 2017, 01:55:20 PM
 #470

For some reason that is beyond my comprehension, there is a flood of posts and thread on selling your house, quiting your job, exhausting your credit card limits and doing some other similar (not very wise) things to buy bitcoin. I am repeating to myself it is more a teaser than the actual declaration, but maybe people are thinking along those lines...Do not do that guys.
Blackrain13
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December 18, 2017, 02:47:27 PM
 #471

I will not sell my house for bitcoin investment because it is my real property with a lot of memories. Investing in bitcoin is so risky and i'm not going to sell any real state that i have just for bitcoin investment.

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December 18, 2017, 02:58:25 PM
 #472

i dont know about your idea but your idea is so insane that you sell your house to buy bitcoin... i think if you have many house you can sell it one for buy bitcoin, but if you sell your only one house i think its insane, it is to risky because we dont know about the price of bitcoin, is it going up or going down? Grin Grin Grin

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December 18, 2017, 03:19:12 PM
 #473

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'm a careful person and I would not take such a risk. Bitcoin is promising project, but no one could predict such growth Bitcoin. I was stopped by the fear of staying on the street with nothing.

ramayor
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December 18, 2017, 08:20:49 PM
 #474

This is being very impractical to risk that kind of necessity in your everyday life. Really sounds stupid for me. There are still lot of ways to earn money through bitcoin. Try trading to earn money quickly but don't sell your house. It's more risky.
jennywhzz
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December 21, 2017, 02:55:10 PM
 #475

I don`t think so. It is too risky for me. Of course, Bitcoin shows great potential and level of growth, but you can not be sure that in two months you will double your investments. The stakes are too high in this case. I recommend investing in bitcoin, but doing it more wisely and prudent. The risk exists always, but we choose to what extent we should we take it.

Yes, selling your house is just insane. Everyone loves and needs a house but if you sell it where will you live? Will you go  on a rent ? What if bitcoin prices dip from now and don't do further up for few months ? These are such things which needs to be thought of before actually taking such big steps in greed of profits.
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December 21, 2017, 03:01:03 PM
 #476

would you try this technique.

Nah, too much risk. What if the price went the other direction? You'd be out in the street? Is that worth taking a flyer on Bitcoin? Not for me.

A safer play is betting a healthy portion of your wealth, but making sure you've got an out, enough stash left over to make another play if the first one falls apart on you.
I think there is still tomorrow morning there is no bread to eat more realistic. Trading bitcoins is to get extra income and enjoy life. Of course, joining the ICO and trading altcoin is also.

zahed
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December 21, 2017, 03:27:38 PM
 #477

Definitely it is big risky decision i think.Because BTC is not always continuously raising anytime dumping huge.I think no need to take a big risk as like selling house to buy BTC.

Dharmendrax
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December 21, 2017, 03:32:50 PM
 #478

Its verry crazy idea aftr doing this maybe u can goes in huge loss so i will suggest to everyone before invest in any cryptocurrency or online business.
1:- Never sell your gold for investment.
2:- Never take any loan for any online business.
3:- Never sell your property like as house etc.
SlickTight
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December 21, 2017, 03:33:45 PM
 #479

Too much risk because what if the price of bitcoin goes down. Is that worth taking a flyer on bitcoin? Ofcourse nah. That is a not good idea.
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December 21, 2017, 04:04:31 PM
 #480

Since I don't own any properties, I will not do this. Why do you need to do this ? why not focus more on getting money without sacrificing all your memories with your house. Yes bitcoin is really profitable but doing this is not an Ideal thing, save money then invest on bitcoin later on.
Just a crazy idea since I am single in the house. And was just exploring and engrossed how powerful the BTC is.
I think its not a good idea you will sell your house for bitcoin. You should know that there are some way to earn bitcoin. In addition to that, do not ever take the risk that even your house would you sell. We all know that bitcoin is a good investment that will help you to gain high income but I suggest do not ever sell your bitcoin.
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