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Author Topic: Should I sell house to buy bitcoin if it drops below $ 5000?  (Read 1106 times)
Keeminakar
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March 28, 2018, 01:48:00 PM
 #121

You do realize you can stay out of your house, right? The price of bitcoin is very unpredictable and it can not grow it for a very long time. Have you thought about where you will live all this time?

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March 28, 2018, 02:00:18 PM
 #122

$5000 is a good price for bitcoin but no price is enough to make you sell your house. What if it take many years until bitcoin's price rises again? Where will you live?
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March 28, 2018, 02:09:41 PM
 #123

Don't sell property when it comes to investment, because investments are a gamble, especially on crypto currency, no one will know if bitcoin can survive and make your investment profit like you anticipated, so to prevent further losses you should not sell properties like houses or land, you should onlt invest the money that you own.
Good post. I think the same.
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March 28, 2018, 02:32:24 PM
 #124

I think it's not good idea to sell your house just to invest in bitcoin even the price drops below $5000.
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March 28, 2018, 02:35:15 PM
 #125

Definitely no.
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March 28, 2018, 02:41:17 PM
 #126

i think do not sell your house to buy bitcoin because any crypto currency market is on fluctuations.and not sure that one can earn or lost for bitcoin.and important thing is that most of the investments are subject to the market risk.thats why sell a house to buy a bitcoin is such a foolish decision
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March 28, 2018, 02:43:25 PM
 #127

The most important thing to remember while making an investment is that you should never catch a falling knife. If the Bitcoin prices are on a free-fall, then you should wait until the prices stabilize. Else, there is a chance that your capital may vanish in a matter of few days.

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March 28, 2018, 02:45:42 PM
 #128

Lol, how much is your house worth?

Personally I think real estate is a perfectly fine investment. There are always more people wanting to buy land/houses, especially as major countries like India and China continue to rapidly grow their middle class. Land however, is finite.

The same is true of bitcoin to some extent, but bitcoin won't protect you from the rain. As others have said, maybe it is better for you to only invest what you are willing to lose. If you are young and want to take that risk, and you can sleep at night when bitcoin drops 20%, go right ahead.
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March 28, 2018, 02:46:11 PM
 #129

Don't become homeless for cryptocurrency. It is important to invest only the amount of money you afford to live without it


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March 28, 2018, 02:47:26 PM
 #130

I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless  Grin Cheesy Grin

It is always advised that only put the amount you can afford to lose so it depends on you if you can afford to lose your house then go for it below 5k$ bitcoin will be a nice deal. but you never know we are still new and growing cryptocurrencies are yet to be adopted by mass so high-risk high reward.
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March 28, 2018, 02:47:47 PM
 #131

I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless  Grin Cheesy Grin
Well if you sell your house then you'll be homeless Tongue No, don't do it though. That's pure stupidity. While I do agree that massive buying cheap Bitcoin is a great idea, but you should get your priorities straight: never put your safety net (living allowance, house, education) for something speculative like Bitcoin. Trust me, it'll ruin your life.

It will be better if instead of selling your house, you find another extra money through other sources like selling your unnecessary things, like cars or anything. Just not your house.
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March 28, 2018, 02:52:14 PM
 #132

I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless  Grin Cheesy Grin



invest what you can afford to lose thats the usual advice that you can get when getting into an investment
its a big decision its really up to you
as for me i think i wont do it

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March 28, 2018, 02:59:41 PM
 #133

Hi,

I think that you will be homeless. Without any doubt.

I don't know when exactly you joined the community, but I guess you have seen that prices are erratic. You should be aware, by now, that any accurate forecast is impossible.
So why would you sell your house exactly?

If you are just trolling... Well, I don't see the point. Except laughing at people who will advise you sincerely.

If this is not a joke... Please, talk about your plan to anyone that can be concerned by such decision amongst your relatives.

You cannot just sell a house for potential profits. That's crazy.  Lips sealed

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April 01, 2018, 01:29:38 PM
 #134

Yes you can only if you have another house anywhere nearby
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April 01, 2018, 01:48:19 PM
 #135

Like the saying goes -- > With great power comes great responsibility

With bigger investment comes a greater risk , so invest only if you are willing to lose everything  Smiley

Stay safe ---> its CryptoWhale eat dog world out there
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April 01, 2018, 01:55:56 PM
 #136

Be patient and in my opinion, it is safer to say that you should do that if bitcoin goes down lower than 1,000 USD because that is the green button for buying bitcoin and that is also the best price to get into bitcoin because it is like getting back to the time where bitcoin is just starting to blow up and be known by a lot of people so you better be patient and just ready your money.
I beg toto disagree but I think that is not a good idea. Maybe you can try to do things differently wherein you will still have your house and buy a bitcoin at the same time. How about saving your salary and have patience until you meet the target price and buy a bitcoin. At least you're in a win-win situation once you did it. Unlike losing your house to buy bitcoin and just fail.
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April 01, 2018, 01:56:24 PM
 #137

It's not a good idea at all & I don't think this type of madness is necessary. But if you afford this risk & have adequate experiences & knowledges then you can go ahead. Wish you all the best & hope you will do your best.
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April 01, 2018, 08:38:26 PM
 #138

Its better to sell your goddamn brain than house. your house worth more than your empty brain -_-
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April 01, 2018, 08:41:50 PM
 #139

why would some one sell his or her house and invest in bitcoins,,,we can only look for other way out,instead of selling house
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April 01, 2018, 08:51:29 PM
 #140

House selling is a totally wrong decision. And if you want to invest bitcoin then you put your free money or that money what you afford your loss. But don't put your all money anywhere for invest. It's totally high risk and nobody knows what happen in future market condition.
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