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Author Topic: I want sell my house for bitcoin  (Read 3270 times)
salad daging
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December 01, 2022, 06:46:36 PM
 #201

Selling your house for Bitcoin seems like a pretty risky thing to do. I guess it’s a high risk high reward scenario depending on how long your time horizon is for holding the BTC. The timing is right for such a move to pay off big, but it would also be really embarrassing to lose your house over some magic internet money. I definitely wouldn’t go investing in whatever the latest altcoin fad is with your funds.
As many people have said this is quite high risk and not a good way to do it, if he for example holds bitcoin for a long time (5-years) it is possible to get high rewards from holding it but along the way it will not be smooth sailing for ordinary people always impatient, they want reason, if the market is bearish for a long time, it can affect their mentality, what you need to do is with the scenario that has been designed, what about the consequences later, and it's better to think again, but by buying bitcoin, it's better slowly but he can execute in his strategy.

Obviously this is something that must be avoided, never jump into new altcoins or other old altcoins. This is not a good prospect, but avoid altcoins even if they are lured by hype or high percentages.

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December 02, 2022, 08:08:06 AM
 #202

Do you think it's good that I sold the house then I buy bitcoin with all the money?
because in my own calculations, my house value didn't increase in date year by year. the value is still stagnan, it's different when compare it with bitcoin, I will got 3 house when I sold my house then buy bitcoin with that money in 2018 and sold it again on ATH november 2021.

(I have 2 house, which I want sell it is abandoned house)
You need to be very sure of what you are doing. Don't think selling your house to invest in bitcoin will double in value of the amount you sold it for, before you need to proceed to sell your house to invest bitcoin you have to understand that investing won't make you get quick profit the way you may be think. You planning to sell your to invest it must be a longterm investment for you to get good profits.  If you you think people invest bitcoin to get rich and that's want to make you to sell your house , I think you are taking risk.

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December 02, 2022, 01:15:19 PM
 #203

Do you think it's good that I sold the house then I buy bitcoin with all the money?
because in my own calculations, my house value didn't increase in date year by year. the value is still stagnan, it's different when compare it with bitcoin, I will got 3 house when I sold my house then buy bitcoin with that money in 2018 and sold it again on ATH november 2021.

(I have 2 house, which I want sell it is abandoned house)
You need to be very sure of what you are doing. Don't think selling your house to invest in bitcoin will double in value of the amount you sold it for, before you need to proceed to sell your house to invest bitcoin you have to understand that investing won't make you get quick profit the way you may be think. You planning to sell your to invest it must be a longterm investment for you to get good profits.  If you you think people invest bitcoin to get rich and that's want to make you to sell your house , I think you are taking risk.

As long as the OP is ready to lose his house, then that's pretty fine. We should take risks in order to profit, but the question was: are you willing to take risks, and if so, are you willing to lose money? If you have any doubts, this is the time to conduct research to determine whether it is truly worthwhile to sell your home and buy bitcoin. Cryptocurrency is not the same as business in that you have control over your money or how your cash flows in business; in bitcoin, you can only stop your loss when you sell your bitcoin at a low price. 
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December 02, 2022, 01:41:21 PM
 #204

If you want to sell your house to buy bitcoin and want to invest in bitcoin, you are definitely taking a very high risk, because waiting for bitcoin prices to soar is very long and even takes years, and even then we are not sure that we will get a commensurate profit, even though you have two houses you should not sell your house, for fear that you will be disappointed, because we know that land and houses are a very valuable turnover, because land and house prices are increasing as time goes by, if you want to buy bitcoin you should just rent your house for 5 years, maybe it's better than you sell your house.

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December 02, 2022, 02:43:51 PM
 #205

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.
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December 03, 2022, 09:08:29 AM
 #206

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.
obviously very risky, if the assets to be sold for exchange are the main assets, which are currently being used. I don't expect it to be a major asset, if it does happen it's possible that what you said might be experienced by the op, but I don't expect it.
currently still in a bearish market, which is still too long to bullrun, and that will probably happen at the next halving as well not next year.
you can be sure that keeping bitcoins is very profitable, but if you do an exchange of assets, of course you need to weigh the advantages and disadvantages as best as possible, it would be wiser for the assets to be exchanged, of course, not to be the main assets being used.

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December 03, 2022, 03:39:37 PM
 #207

Do you think it's good that I sold the house then I buy bitcoin with all the money?
because in my own calculations, my house value didn't increase in date year by year. the value is still stagnan, it's different when compare it with bitcoin, I will got 3 house when I sold my house then buy bitcoin with that money in 2018 and sold it again on ATH november 2021.

(I have 2 house, which I want sell it is abandoned house)
Well, you have a 2nd home that you can stay with aside from the one that you want to sell. I guess there is no problem doing that thing. Selling a house that depreciates its value and a liability as well (unless it is used for renting purposes) and buying an asset like Bitcoin is a nice move...I guess.

Just know the risks of it. We are still in a bear market so expect the unexpected. Always expect that there is a chance that Bitcoin might go down even lower from its current price. Some are saying that what happened in 2022 will continue in 2023. Take note as well that this will take time for you to take profit and there is a chance that what you're thinking might not happen as well. A risky move but the rewards are high when the bull run comes. You got a second home so I guess it will not hurt you that much if you will sell your first house as long as you're comfortable with your 2nd home and it got it all that will help you to live.

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December 03, 2022, 04:06:30 PM
 #208

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.

No, he's not going to be homeless, he's talking about selling an abandoned house he doesn't use. Yes it is risky to sell such a large asset to invest in bitcoin but if it is an idle asset I think it will not be too serious. As long as he is willing to take the risk then he can invest because there is no 100% guarantee that bitcoin investment will bring us profit.
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December 03, 2022, 05:52:47 PM
 #209

Just know the risks of it. We are still in a bear market so expect the unexpected. Always expect that there is a chance that Bitcoin might go down even lower from its current price. Some are saying that what happened in 2022 will continue in 2023. Take note as well that this will take time for you to take profit and there is a chance that what you're thinking might not happen as well. A risky move but the rewards are high when the bull run comes. You got a second home so I guess it will not hurt you that much if you will sell your first house as long as you're comfortable with your 2nd home and it got it all that will help you to live.
Can't guarantee when investing in Bitcoin always profitable and price increase up years by years, we can track with this year Bitcoin price drop drastically after in 2021 ever reached and make all time high price until above $60,000. Seems OP need think clearly about risk waiting for when selling his second house and used it to invest with Bitcoin, not always earn profitable although many promising people said excited when investing in Bitcoin, moment Bitcoin drop drastically until $17,000 from highest price on $60,000 become experienced for OP if serious want to sell house for Bitcoin.

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December 03, 2022, 06:07:40 PM
 #210

You can not be ignorant of the fact that Bitcoin is not a get rich quick scheme. I believe you must have been following up with the trends on Bitcoin price and how it goes. Comparing both, Bitcoin is worth the investment but if you would ask me, I would say to you it is worth it but do you have the patience to wait for the next bullrun. Fine you have the two houses which according to you the worth is stagnant against your expectations of price increase. I know you never expected it to be this stagnant for too long as it is sure investment that should be rocking in more cash and increase in value but it's unfortunate that you fail to understand it that way. You see this slogan  "invest in what you know you can afford to loose" is still applicable .
Well it is still the bear market you know what to do. Do your own research .

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coinerer
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December 03, 2022, 06:29:49 PM
 #211

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.
op said he is going to sell one of his houses that he doesn't use to live in . Maybe it will be a redundant abandoned house.  But it's a physical asset whose value may not skyrocket as quickly as Bitcoin, but it doesn't have the fear of losing money. But according to op's story what he is going to do is very risky.  Although everyone has their own freedom of will.  And he owns that asset so he can prioritize his will if he is willing to take the risk


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Odusko
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December 03, 2022, 07:14:47 PM
 #212

stop and go to sleep in your abandoned house
What a sarcastic statement, very short but powerful, because ops need to take a chill pills to relax his brain in other to avoid making some careless mistake, how can he sell his house to buy Bitcoin and from what ops is saying he is looking at a short term investment timeframe which is not realistic.
Even though he mentioned that the house is secondary, that does not warrant him taking such a risk.
Bitcoin investment is best enjoyed with spear money that one can lock away for some years.

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December 03, 2022, 09:46:21 PM
 #213

stop and go to sleep in your abandoned house
What a sarcastic statement, very short but powerful, because ops need to take a chill pills to relax his brain in other to avoid making some careless mistake, how can he sell his house to buy Bitcoin and from what ops is saying he is looking at a short term investment timeframe which is not realistic.
Even though he mentioned that the house is secondary, that does not warrant him taking such a risk.
Bitcoin investment is best enjoyed with spear money that one can lock away for some years.
maybe the OP is a beginner who wants to get rich from investing in bitcoin. like other beginners who are willing to sell something to buy bitcoin.
he thought that if he invested in bitcoin using the money from selling the house there would be more in the next year without thinking about the risks he had to bear and some depression when he panicked to see bitcoin going down.
Most beginners, of course, always hope that investing in crypto, especially bitcoin, is always profitable quickly, even though it's not that easy

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