Sachinist
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Activity: 179
Merit: 16
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January 19, 2018, 09:19:50 AM |
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Probably a troll but if true, we need no more validation that we're in a bubble.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Astrilian
Full Member
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Activity: 350
Merit: 112
Ecosystem for Fundraising DAOs — ICOs 2.0
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January 19, 2018, 09:20:28 AM |
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Reminds me to the biker guy who made a youtube video recently and said he would sell his house to buy litecoin. If he did, he did some great gain initially and then the Litecoin founder Charly Lee sold all his holdings in the cryptocurrency and the price tanked.
If he had invested in a portfolio mix, he could have moved his positions and maybe even make a profit buying more litecoin with the gains from other coins. With a market dominance decreased to 30% and all these new rivals who promise faster transactions and lower fees, you could be exposed even more.
Have you ever though about spreading your investment into different assets to minimize risk? You will have to do more research but considering the amount to put on the line, it should be worth it.
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Archie1973
Newbie
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Activity: 84
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January 19, 2018, 09:22:16 AM |
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I admire your courage to do that. But selling your house to buy bitcoin is definitely risky.Taking the risk in investment or trading is much different than what you are recommending here. I request you to reconsider your decision.
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wildan88
Legendary
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Activity: 1862
Merit: 1046
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January 19, 2018, 09:26:58 AM |
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it's like gambling, you are risking a valuable treasure. we know bitcoin has a high risk, I will invest as much as I can and cannot sell a house to buy bitcoin, but instead, I sell bitcoin to buy a house
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9jaflick
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January 19, 2018, 09:27:42 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
whatever risk you are taking let it be your own risk , don't try to bring others in. Selling your house to buy bitcoin! Kudos to you bro, you have a heart. but don't do what you know you can't handle if the worst happens. This is a greater risk so think well before taken anything decision.
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johnson4218
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January 19, 2018, 09:30:09 AM |
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congratulation. You have made a wise decision. bitcoin prices hit the bottom. almost so. Now you just wait for the bitcoin price up and we will have a lot of money from that,
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noormcs5
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January 19, 2018, 09:30:46 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
You are taking very big risk to sell your house, I am surprised to see you. I suggest you don' t do it, you are already businessman then you could earn more money to use little capital. So use your extra saving in bitcoin and don't sell your house, House is one and only precious thing and we can't make own house everyday but we could manage our expenses, manage our expenses and buy bitcoin slowly slowly.
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dvillier
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Activity: 238
Merit: 57
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January 19, 2018, 09:33:18 AM |
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rember to contribute what would you be able to bear to lose on the off chance that you have two house then you can do it, of if leasing some house is helpful for you to fulfill your need its your decision yet by the day's end you should be prepared for the most exceedingly awful like having what you had wagered lost and with this hazard likewise accompanies high rewards when bitcoin multiplied its cost what had you contributed will be particularly advantage you for this situation you can manage the cost of two house rather than one in this win exchange or venture.
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bryant.coleman
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Merit: 1217
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January 19, 2018, 09:34:38 AM |
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Probably a troll but if true, we need no more validation that we're in a bubble.
No one will take such a risky move after announcing about it in a forum like this. But I have seen people taking extremely risky investment moves with Bitcoin. I remember one thread from 2013 or 2014, in which a young guy invested all of his inheritance in Bitcoin. The prices went down after a few days and I never heard from him again. Edit: I was able to find that thread. It is here: https://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/
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BtcBling
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January 19, 2018, 09:48:55 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
It's your choice, but if you do that you need to be careful and wise. You need to choose which kind of investment you will use if it is trading or holding. Kindly do not suggest someone that we need to sell our house because we respect your decision on selling your house.
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jhuliacrysty
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Activity: 41
Merit: 0
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January 19, 2018, 09:51:09 AM |
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Investing is a good thing to do, let alone you invest in bitcoin it is the right thing you choose. But if you invest should sell your house for your capital I think it is very risky, I suggest you to look for other capital than you have to sell your house. Maybe you can borrow capital to the bank in your country or you can also mortgage your home certificate than you have to sell it because if you just mortgage a house certificate then you still can to occupy your house, the residence is important if you sell it then you will stay Where .
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RawDog
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Merit: 1026
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January 19, 2018, 09:51:34 AM |
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You do not need to sell real estate. This is your capital, you do not need to take chances don't take chances - if you want to pay rent for the rest of your life and live in poverty. Only take chances if you want to be very rich and free from the bullshit of paying a bank interest forever.
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Gens09
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January 19, 2018, 10:00:32 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
no not me I would sacrifice my house just to buy some bitcoin I can earn money in a campaign and save it so that if my money is good to buy a bitcoin well that's the time i'll buy it. such a waste of house but if you have a lot of money then buy it without selling your house or another thing if you have a lot of houses then sell some and then buy bitcoin. if you only have one house do not do it.
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nicko122
Jr. Member
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Activity: 462
Merit: 1
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January 19, 2018, 10:12:03 AM |
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It's not a good idea to sell a house for the sake of the bitcoins, whatever the investment.
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olya_n
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Activity: 280
Merit: 10
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January 19, 2018, 10:23:08 AM |
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I do not think that this is a good idea. The market of crypto currency is unstable, only free money is needed to invest. You need to be prepared for any outcome, you can lose your housing ...
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ltcatcher88
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Activity: 38
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January 19, 2018, 10:26:58 AM |
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I know couple of guys, who have sold their stuff to invest in crypto. They are not doing well r.n., cuz they didnt invest more time in crypto market and trade research, and they got burnt cuz of it. Never make hasty decisions .
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Zilonglong.bucks
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Activity: 32
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January 19, 2018, 10:33:04 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
That's not necessarily, selling your house bitcoin is a no no, even we know that bitcoin has a good money value that's not a good way to earn it. As we all know that cryptocurrencies has potential that it might drop the cost at times. Selling your assets is not a goof idea. Work hard to earn btc, there is always a way.
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dammang
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Activity: 168
Merit: 10
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January 19, 2018, 10:37:53 AM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
no, don't do that, its risky to invest or even start a business but never ever sell your house, because if your money that you invest is broke where did you go.
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hajimasan
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January 19, 2018, 04:00:31 PM |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
I don't think that you are doing well for this thing , no doubt that bitcoin is going toward a new change for the future but in actual here we should not go with bitcoin in this way like to sold house or any that thing which is a necessary need in our life . But yes you can take a big decision that work in bitcoin Field with bulk investment , but here mine sugew for you is that if you want to go for the such type of bulk investment in bitcoin then you need to first understand that how you will face loss and how you can recover loss Otherwise you may loss all of your money and you will have nothing in your hand except loss .
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darkangel11
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Defend Bitcoin and its PoW: bitcoincleanup.com
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January 20, 2018, 04:39:27 PM |
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Probably a troll but if true, we need no more validation that we're in a bubble.
No one will take such a risky move after announcing about it in a forum like this. But I have seen people taking extremely risky investment moves with Bitcoin. I remember one thread from 2013 or 2014, in which a young guy invested all of his inheritance in Bitcoin. The prices went down after a few days and I never heard from him again. Edit: I was able to find that thread. It is here: https://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/Poor guy he had 750k and lost over 400k and it wasn't even his money. It was his and his sister's and since he lost it he's thinking that he is no longer obligated to give her back her share... That's just pathetic. However, I don't have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; I know a guy who made a similar deal in 2014. When Bitcoin rebound after the initial crash he immediately went all in at around $700 and instead of selling at $800 he held it until it crashed all the way down to $500 and sold there. Got salty with BTC and never went back in.
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