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xenxen
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December 11, 2017, 11:16:09 AM |
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big no this is not a good idea.. bitcoin have a risky and also more on gamble. selling house and invest in bitcoin is like a gamble if the price of bitcoin is fallen down what shoud you do? not recomded strategy..
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wulidada
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Activity: 174
Merit: 10
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December 11, 2017, 11:22:44 AM |
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You are gambling. The price of bitcoin is not stable. When you sell a house to buy bitcoin. The price of bitcoin is falling. You will go bankrupt. I do not recommend you to do this. You can take a small amount of money to invest bitcoin. Long-term investment bitcoin. You will have the harvest.  |
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Wintersoldier
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December 11, 2017, 11:23:01 AM |
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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. That would take you a lot of courage to sell your house for investment in btc, Owning a house is worth enough for as an investment, so why would you take the risk of putting it on uncertainty. You better keep your house, then try to earn more from doing bitcoin which you will use for investment. In that way took away the risk of loosing a lot, that might end you up sleeping on the streets. Always remember to secure your property in doing investment. |
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vandvl
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December 11, 2017, 11:34:39 AM |
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for me if i have property i wont do that.. selling property to invest in bitcoin is bad strategy because bitcoin price is not stable..
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Blacksou
Newbie
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Activity: 5
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December 11, 2017, 11:36:35 AM |
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You should sell everything, sell your house, sell your grandma hidden jewels, sell your organs and buy Bitcoin and hold it FOREVER !
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abamatinde77
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December 11, 2017, 11:42:04 AM |
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lel xD hard to do that live in street lel maybe u ambush if they know what you've done to ur money...maybe ur car if u have or anything of your appliances with high value..you dont have to sell ur house for bitcoin..
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dimastegar
Sr. Member
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Activity: 798
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Small Trader
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December 11, 2017, 11:57:27 AM |
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In that case, it is too risky if until we sell the House. Because the house becomes very important for everyone's life. Unless we have a lot of houses, Selling a house for Bitcoin could happen. But please note, investing in crypto has a high risk.
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MRY
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December 11, 2017, 12:02:29 PM |
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I think by selling a house for investment in bitcoin is a big and brave decision because home is an important requirement for us and I dare not to risk too much like it
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btcrut2017
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Activity: 406
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December 11, 2017, 12:06:10 PM |
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Selling your house for investment in BTC for me is not a good idea. What if Bitcoin fails, you will lose your home and your family will suffer. Don't be greedy, invest only the money which you can afford to lose. It's a gamble wherein nobody knows what the future of bitcoin be.
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felicanoma
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Activity: 115
Merit: 10
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December 11, 2017, 12:07:55 PM |
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Selling a house to invest, this really sounds crazy to me.
Suppose the house on sale and the money is invested you will continue to sleep where?
it is very risky if you sell the house and the money to invest.
my advice from you to sell your house can mortgage your home certificate or sell your assets such as cars, motorcycles and so forth.
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BTCappu
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December 11, 2017, 12:08:52 PM |
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in 2013 I might have said yes, but today no, then I prefer to buy a house with bitcoin rather than the opposite ^^
Definitely there are so many other ways to invest in bitcoin. Bitcoins are amazing and since there are many risks attached to them as well. You may chose best option that contains minimum risk factor. And selling your house and investing in bitcoin is high risky and you shouldn’t go for this choice. Rather earn from some other sources and then invest in better field. |
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Wyne
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December 11, 2017, 12:11:41 PM |
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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 is maybe an option for a single person who is risk taker with no dependents but in my life, considering I have a family of my own, this is definitely not applicable and not even a choice. Besides, in my personal opinion, I do not find it practical. Having a house to live in is one of the essential need of man. A comfortable place to rest is important. I just don't imagine myself living on street just to earn more money. It is not bad to sacrifice something to be able to buy bitcoin but not up to extent that I will sell my house. |
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worldofcoins
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December 11, 2017, 12:13:54 PM |
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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.
What will happen if the price of Bitcoin will go down? LOL. Don't make Bitcoin as a gamble of your daily life. Tell that to the family who sold there house and all property for money then invested it all in bitcoin when bitcoin was 3000 USD now his money is quadrupled and they still did not convert it back to fiat, because I am sure you can buy a house with bitcoin now and there is no need too, when the price will go to 100k and up. [/quote] This is maybe an option for a single person who is risk taker with no dependents but in my life, considering I have a family of my own, this is definitely not applicable and not even a choice. Besides, in my personal opinion, I do not find it practical. Having a house to live in is one of the essential need of man. A comfortable place to rest is important. I just don't imagine myself living on street just to earn more money. It is not bad to sacrifice something to be able to buy bitcoin but not up to extent that I will sell my house. [/quote] You depend too much on the system that means, you cant survive without the daily things. All you need is a wireless laptop, solar charger for the laptop battery and wifi connection to a hotspot or a prepaid as you go internet card. If I can get my mother in law to sell their lands I would. |
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Sab11
Full Member
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Activity: 524
Merit: 100
io.ezystayz.com
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December 11, 2017, 12:14:57 PM |
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I dont have any proporties but, if i have i will not risk it selling house is crazy idea hahaha very crazy idea, better to invest a minimum amount, investing in crypto is risky.
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Phyton76
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December 11, 2017, 12:17:47 PM |
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It would be a great idea for you to afford btc and invest much money and earn btc, but it wont be easy for people to invest their house for the sake of btc, it will happen if the user will gain btc with sureness and with 100% possibility of earning and gettibg your investment, or will be doubled, for me it will be good idea if they will assure that you will earn doubled price.
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Rludd
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December 11, 2017, 12:20:02 PM |
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I grew up really poor but saved a lot of the money I made in high school. I invested 10,000$ into btc when it was at 220 / coin, just sold for 75Gs. Buying a property for me to live in, first one in my family  edit: I'll look into paying the dang capital gains tax, jeez. Edit 2: Also sorry guys the price tanked when I sold  |
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Bamel
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December 11, 2017, 12:20:44 PM |
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I grew up really poor but saved a lot of the money I made in high school. I invested 10,000$ into btc when it was at 220 / coin, just sold for 75Gs. Buying a property for me to live in, first one in my family edit: I'll look into paying the dang capital gains tax, jeez. Edit 2: Also sorry guys the price tanked when I sold Should have only sold as much as needed for minimal down payment. You will do better holding bitcoin than dumping it into a house. |
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Amial
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December 11, 2017, 12:21:05 PM |
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I grew up really poor but saved a lot of the money I made in high school. I invested 10,000$ into btc when it was at 220 / coin, just sold for 75Gs. Buying a property for me to live in, first one in my family edit: I'll look into paying the dang capital gains tax, jeez. Edit 2: Also sorry guys the price tanked when I sold Should have only sold as much as needed for minimal down payment. You will do better holding bitcoin than dumping it into a house. Buying property in Kansas so it's pretty cheap, buying it outright |
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BountySoldier
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December 11, 2017, 12:21:16 PM |
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I think nothing special in selling house. House is a possive. You could turn it to an active. One friend of mine lended house and sold his Lexus in May. He returned it in September and made x2 in dollars. So it depends on you.
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