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Author Topic: Sold my house for buying altcoins need your help  (Read 4841 times)
cotton ball
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October 11, 2019, 11:35:06 AM
 #221

Sold your house and buy only bitcoin with lower profit you less take big risk with bitcoin investment, but if you want to buy altcoin you get much profit but you have remember you will faced with big risk because many altcoin have lower price although you hold for long term, buy bitcoin keep your choose away from big risk and take profit about 10%.
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October 11, 2019, 11:37:26 AM
 #222

better to join Coinbase  and get some free Alt Coins Smiley

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October 11, 2019, 12:36:14 PM
 #223

Sell 50% or more of every Altcoin and hold BTC.
If BTC Bullrun starts, maybe your Alts will fall hard.

 
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October 11, 2019, 12:49:14 PM
 #224

Sell 50% or more of every Altcoin and hold BTC.
If BTC Bullrun starts, maybe your Alts will fall hard.
I don't accept such risk management, what if the BTC stay near the $9000 and altcoins start to compete with each other for reaching first to the previous all time high prices. The standards can be destroyed if the market calm is erased with the big news by the governments which are thinking about to resist the Libra project. Adding new promising altcoins to the altcoin portfolio can decrease the risk of dependence from the single altcoin price performance.
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October 11, 2019, 01:11:55 PM
 #225

I usually listen to suggestions before investing, not after. What to say, reach your goal and sell.
Selling house for investment purposes is not a wise idea but you chose some great coins.
Main rule is invest money you can afford to lose, for some investors it is house which they can afford to lose  Roll Eyes

Yes, OP invested in the wrong way which it is not a good idea to sell the house for investments, we have to listen before investment and it will really help to find the best potential and after investing we have to wait for the market recovery. Whether he invested in potential coin definitely he is going to make good amount of money.
this is wrong idea to sold our home that we used for our life.i am sure OP only thinking about positive side investing in cryptocurrency market.he never think about worst scenario if suddenly their investment going wrong and loss alot of money.as profesional investor we must be wise when using our money.calculate all risk that may occur someday so we would not felt regret.
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October 11, 2019, 06:00:57 PM
 #226

I would hold some Bitcoin or Ethereum if i sold something and invested in anything Of course it is my opinion, the assets you chose are really good ones too and subject to increase in long term. If they decline, it means that cryptocurrency market is not going very well and all coins declined by a significant amıount. Good luck maate.

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October 11, 2019, 06:16:41 PM
 #227

Sell 50% or more of every Altcoin and hold BTC.
If BTC Bullrun starts, maybe your Alts will fall hard.
most likely it will happen. Now everything points to a new wave of bitcoin growth. but we cannot say for sure. a common mistake people make - they don’t allocate part of their money to invest in reliable cryptocurrencies

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October 11, 2019, 06:45:21 PM
 #228

This was a bad decision on your part, these Altcoins keep tanking everyday you could've waited for more to buy lower. Hopefully they make you money and not render you homeless.
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October 11, 2019, 06:50:05 PM
 #229

How old are you?  Cheesy Why don´t you invest into Bitcoin? You don´t see that Bitcoin is still the most profitable cryptocurrency? Other cryptocurrencies are cool, but probably not worth a house  Cheesy.

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October 11, 2019, 06:52:48 PM
 #230

This was a bad decision on your part, these Altcoins keep tanking everyday you could've waited for more to buy lower. Hopefully they make you money and not render you homeless.
the most important question is how much time this altcoins needs to make you rich. we all know that these coins are good, but how soon the price increase will begin - no one knows

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October 11, 2019, 07:06:48 PM
 #231

Are you serious about what you have said above? if so you are really someone who is crazy for crypto because you sell your own house just to invest in this industry. My advice is just one, you just have to invest your money in bitcoin to secure your money and also save you from crypto madness.

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October 11, 2019, 07:12:50 PM
 #232

You sell your house just to buy Altcoin and you don't see the situation of Altcoin on the market in bad condition, and you have to wait how long to wait for the Altcoin season.
and why not choose Bitcoin, Ethereum, and Litecoin which in my opinion are more potential and profitable.

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October 11, 2019, 07:23:07 PM
 #233

Your house is worth $110k? That's nice,  I hope you don't end up in a shelter though.  Selling your home for alts is a gamble at best.  It's too much of a risk. I really do hope you have some roof over your head.  While making finance decisions always consider the chances of failure.  What if the bear market continues for a longer period after this sideways movement?

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October 11, 2019, 10:53:03 PM
 #234

I would recommend buy some iota too.
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October 11, 2019, 11:22:55 PM
 #235

among the many types of altcoin that you buy only a few have the potential to be able to provide benefits, only in Binance Coin (BNB), EOS, NEO and XRP while others I feel are not too profitable, you should buy bitcoin and the rest buy an altcoin really has the potential to go up. for example bitcoin 50% and the rest for altcoin.

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October 11, 2019, 11:27:57 PM
 #236

Sell 50% or more of every Altcoin and hold BTC.
If BTC Bullrun starts, maybe your Alts will fall hard.
Well we cant really say since alts sometimes follow btc whenever there's a price increase.

But it would be better if he also invest in bitcoin. IMO it should be our top priority when investing in crypto, btc is the king so no question for that.

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October 12, 2019, 02:01:07 AM
 #237

Maybe OP has another house and only sold the spare one, I really hope you'll be able to get your house back. If this is true an individual needs a tons of courage to do that I assume he knows what hes doing, crazy it sounds but maybe he is buying chance although the risk is very high. Crypto can make us rich also can make us poor.
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October 12, 2019, 02:19:22 AM
Last edit: October 13, 2019, 03:45:42 AM by Sithara007
 #238

Sell 50% or more of every Altcoin and hold BTC.
If BTC Bullrun starts, maybe your Alts will fall hard.

Under current circumstances I would not advice anyone to hold portfolios in which less than 80% of the net wealth is being made up of Bitcoins. Altcoins are going down the drain and everyone knows why that is happening. A recovery can only occur if the ICO market reinvents itself and as of now it looks like a very distant possibility. IEOs are also not attracting much investment now after a lot of hype surrounding them in the beginning.

The main problem with alts is that they went up by too much during the last bull run (2017). Many of the altcoins went up by 100x or even by 200x. And even now, the prices are much higher than what we had before the 2017 bull run. Some users are saying that we can invest in these coins now as they have lost 90% to 99% of their value. But they are forgetting the fact that the prices are sill high when compared to the 2016 levels. And there is a good chance that the prices will fall to that level.

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October 12, 2019, 02:32:31 AM
 #239

How old are you?  Cheesy Why don´t you invest into Bitcoin? You don´t see that Bitcoin is still the most profitable cryptocurrency? Other cryptocurrencies are cool, but probably not worth a house  Cheesy.
I think this decision is too brave when you make an investment by selling all the assets you have. especially the home is also the most important part of your life should not sell it just to pursue your ambitions to invest in cryptocurrency

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October 12, 2019, 03:08:08 AM
 #240

You can sell your house and buy potential altcoin, never take risk with sell your house and buy or invest with shit coin. Better buy coin on the top coin market cap rank and never investing with shit coin, you can take back your house and get much profit if you choose correct altcoin for your investing, but if got bad altcoin maybe you lost your house and your money.
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