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Author Topic: Sold my house for buying altcoins need your help  (Read 4841 times)
NeuroticFish
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October 01, 2019, 08:39:43 AM
 #21

First of all I don't believe OP has sold a house and bought altcoins with that money. I expect that people who can do such transactions will spend time on Bitcointalk.
Also in march 2018 he wrote that his life savings were 28k$, then later wrote that "I have now got 0".
That's much less than this alleged investment. So he's trolling.

Now, investing into altcoins may be good because they are low now and there's a chance (but not a guarantee) that they'll rise again in the near future. And altcoin investments, if done correctly, although much riskier than Bitcoin, can give much bigger results too. But since the risk is so big to lose (almost) everything, one should invest only what he affords to lose and clearly not sell a house for that.

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October 01, 2019, 08:44:10 AM
 #22

You invest in good altcoins, but in investing you don't have to sell houses, then buy altcoins for investment, because in my opinion it's an unnatural thing to do, because every investment has risks that we have to bear, even though we invest in good altcoins, but a guarantee for success is not necessarily there.
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October 01, 2019, 08:45:48 AM
 #23

Did you really sold your house or you just want us to care for your investments? I hope you have another house aside from the house that you sold cause if not, that's the worst decision you made in your life. Did you imagine being homeless before investing? You are not ready and prepared. Another mistake is you didn't buy Bitcoin and ETH on your investment. For me, it might be 50% BTC / 40% ETH / 10% alt coins. Anyway, I am wishing all the best and luck.

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October 01, 2019, 08:45:54 AM
 #24

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP



A very brave decision, and seemed a little 'crazy'. No doubt that the coins you chose are all good for long-term investments. How about stellar, or Matic? But, good luck with your decision.

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October 01, 2019, 08:49:05 AM
 #25

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP



Surprised that you did not include the Bitcoin and Ethereum to your portfolio they are the top two coins in the market and these two dominate the market with Bitcoin enjoying 68% dominance and Ethereum 8%,.
These coins also have a future but not the same future that the top coin in the market holds, goodluck to your investment as long as you are comfortable on it and you made your final decision.

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October 01, 2019, 08:57:44 AM
 #26

Is this thread even real, I mean the post and essence of buying crypto to sold something that is already considered more valuable and a good investment too as real estate property or can be rental property. Some do trading to save and purchase fro their dream house and this post do it reversed. If you own many house then you may did a good decision if not then you must atleast good in trading that's why you accept the risk of it since you know you'll be able to make it earn more thru trading possibly.

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October 01, 2019, 09:03:30 AM
 #27

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP


I wonder how such amount of investment was bravely been taken without putting anything for both BTC and ETH? Even that those selections of alts are possible to grow . Remember within this field of investment bitcoin start the rally and alts with have a good progress will follow the lead and receives supports to move up. But anyway of this for real, the only thing to do now is to hold and pray that fate for this investment of yours will favor around the market.

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October 01, 2019, 09:06:06 AM
 #28

You are well done. But you are crazy Grin. And I would exclude Ripple and NEO from this list. And, as was rightly said above, your portfolio should have at least some of the strongest coins.
I agree, Ripple and NEO should be scrapped and replaced with Bitcoin and ETH.
It is surprising that there are no Bitcoin and Ethereum on the list.


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October 01, 2019, 09:10:35 AM
 #29

If I sold my house and I want to get my house back in two or three years I will only invest in two coins, Bitcoin and Ethereum, forget that putting all your eggs in one basket, Bitcoin and Ethereum are the only coins in my radar that will really take off when the all time high comes nobody's predicting those coins in your list that it will go 6 digit but we have one predicting Bitcoin to reach 1 million

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October 01, 2019, 09:16:09 AM
 #30

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP

I don’t have a lot to say about your portfolio except that it lacks the 2 top coins in terms of market cap. I guess you need to do some adjustments and insert both BTC and ETH. This is a consistent response you are seeing here and so you might want to heed it. The voice of the majority here must have more wisdom than you alone. It is best if Bitcoin is the dominant in your portfolio just as it is dominant in the total cryptocurrency market cap.

My more important point though is that what you have done is too much of a risk. Do you live alone or with your family? If you are living alone, it is not much of a risk for as long as you have other regular sources of income to support your needs. If you are with a family, your decision is terrible. I hope you are giving them a decent shelter right now. Good luck with your portfolio. Just keep your emotions out of it or else you are risking your house for nothing.
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October 01, 2019, 09:19:33 AM
 #31

Of course, you did a very incredible thing by selling your house, I hope you will can get profit from your investments and I will hope you will not lose your investments, and of course I would advise you to invest in bnb, in ethereum and bitcoin, of course, do not forget that soon there will be bitcoin halving and as usual there will be a bitcoin pump, so think about this option and invest most of your investment in bitcoin.
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October 01, 2019, 09:27:22 AM
 #32

First of all, you need to invest your money in a new house. Because the crypto market is crazy and risky. If you going to invest in crypto, please choose an amount you can put on risk. The next thing is you have to learn about fundamental analysis and technical analysis before you make any investment.
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October 01, 2019, 10:35:45 AM
 #33

I just hope that you have somewhere to live if your investment doesnt pay off...

Those are top-tier altcoins that you chose so I believe if bull run starts that the price of all of those coins will go up.

But I really wouldn't gamble with a house :/

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October 01, 2019, 10:36:35 AM
 #34

Seeing the facts that there are too many speculators and scam projects (coins, exchanges), I suggest not to sellyour house for crypto, house are a primary need while crypto is a secondary investment so it is too risky to sell a house for crypto.


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Davian144
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October 01, 2019, 10:43:14 AM
 #35

This looks very ridiculous, selling a house to buy altcoin, for reasons of needing financial assistance, so far I have never seen anyone selling his house to buy altcoin in the investment category, even though the purchased altcoin is a good altcoin, but it will still look ridiculous if the funds used for investment are the result of selling a house.

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masterrex
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October 01, 2019, 10:57:38 AM
 #36

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP


Really? you sold your house to invest in cryptocurrency i dont think thats a good idea in my opinion! But since you already made up your mind its all under your discretion,BTW your Altcoin choice are all promising and thats good since it was diversified are you planning to hold some BTC too ?dont forget that BTC is still a dominant crypto in the industry so its better to have some of it, will thats only a suggestion the decision still yours!
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October 01, 2019, 11:45:14 AM
 #37

I don't know of you sold your house or not if you did then it was a big mistake. Cause this market is very volatile and risky. So care about making this kind of decision. And now come to your list its good. All the tokens havebig volume and doing fine. But you should buy and hold bitcoin first. Then go for altcpins.

 
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October 01, 2019, 11:46:13 AM
 #38

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP



I'm sorry but are you asking financial advises here? Look no one here can give you the best advise because everyone has his/her favourite coin to shill. You have made your decision so stick to it, just saying. And I do hope that you really DYOR before putting your chunk of money, so the only thing I can say is good luck.

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October 01, 2019, 11:56:52 AM
 #39

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP


It looks good, especially BNB. I recommend Ethereum and Litecoin. Also some advice for me, don't by these coins first because the crypto market is not in a good condition right now. Hold your money until the market recovery then you can invest your money into crypto.
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October 01, 2019, 12:07:00 PM
 #40

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP


Your portfolio seems good but I want to know why there is no bitcoin and ethereum. Maybe you should also put some investment in bitcoin and ethereum simply because both of them has great future and take note most of the investors prefer to invest on that coins. I highly suggest to invest in bitcoin and ethereum, especially in bitcoin who have halving event in year 2020.

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