I want sell my house for bitcoin

[Inwestour]

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)

Only you can decide what to do in this situation, but in fact it is a very risky action, because real estate is your property and you can rent it out and make a profit, and invest the profits in bitcoin, it would be more prudent for me, in fact, I would do so. It seems that everything looks right, but you understand that every investment is a risk, anything can happen.

[GideonGono]

Other people are into crypto to buy something for their future or secure their future like house,
But there are also those who are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

[bitzizzix]

Think carefully before you do this because bitcoin is not a get-rich-quick scheme and if you want to invest in bitcoins at the expense of your home or other valuables to buy bitcoins, you should study the risks you will face later.

and my advice if you have 2 houses, you can rent your 1 house for a few months or a year for payment. And this way you can invest some or all of your rent buying bitcoins on each payment and this is the same as doing DCA which I think is the best way and the house prices will increase every year and you can increase the rent on the house and you can also increase your investment and do it for the long term.

[S A KHAIR]

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)

Selling a house to invest is quite risky, you should remember that bitcoin is a risky investment, it is not as safe as you think. So think carefully before deciding. Instead of selling that house to invest why not rent it out for the long term you also get a decent amount of money to invest in bitcoin.

[Picaflor]

The benefit of renting it out is that it would be easier to DCA into BTC.

If you sell it, you'll end up with a pile of fiat that's hard to sit on and DCA out of. It will be tempting to put it all into BTC in one go. If I do that (which I may have to), I'll try and stick to a DCA strategy, e.g. divide the proceeds into 12 chunks and DCA monthly over the course of a year.

[coinerer]

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)

I can't find the point of your story at all. And can I also understand that the story you tell has nothing to do with reality.  And no one, including you, would ever sell their house and invest all that money in Bitcoin. This is a complete false story.  And this whole story can be concocted to excite bitcoin lovers and get some Smerit.
I'm not entirely sure about this, but my thoughts keep pushing me this again and again . So I'm sorry for my negative thinking op 

[Adbitco]

Personally if you think is the best thing to do then go ahead do it because is the right time. If you already sold the first time and you got 2 house after selling then is good if you then sell the 2 house again to invest in bitcoin do you believe after the dip you could get same quality of your previous house?
If yes then know something in mind it could take time for the market to recover. So my personal advise is sell only a house and investment with it maybe keep a house it should be for a landed property because I believe this is bitcoin anything is possible and you can't predict the next effects which may likely to occur time soon.

[Odusko]

Other people are into crypto to buy something for their future or secure their future like a house,
But some are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

I think ops does not have a proper understanding of the Bitcoin market and from the look of things ops is in for a short-term base since his focus is on quick profit, but risking a home for a volatile asset like Bitcoin is one of the riskiest things.
Ops need to consider so many factors and if the proper judgment is not given this could lead to depression for ops in the future especially if the price of Bitcoin did not make an uptrend movement.

[Flexystar]

That is a bold step mate. Investing in house is already a stressful thing considering the long debts of mortgages and unending loans. I hope that you have made the right decision to do so even if you are in the possession of two houses! In fact property could appreciate in value over the period if surroundings are developing with the time. You could also get good value out of the land itself. If those are abandoned houses then better invest money on them, refurbish them to the next level and rent them out.

Once you rent them, you can invest the monthly rent right into the bitcoin. this will do both the things: Will save your houses from selling off and you ending up with bitcoins in your wallet every month. In fact it can also give you nice ROI considering your BEP would be lower with DCA strategy.

[redsun114]

If the house is really an abandoned house (not used). then the condition of the house is likely to rot quickly. because the house that is not inhabited always becomes easily damaged. so the resale value continues to decline.
so if you want to sell it and you use all the money to buy bitcoin. then I think it's not a problem. but you must be aware and know the risks you take. because crypto assets are high-risk assets. different from a safer home or property. However, crypto assets, especially bitcoin, also offer greater potential.

But I hope you think about it carefully. with calm and logical thinking. And don't let your emotions take over the decisions you make later. and keep doing the analysis by yourself carefully and don't be in a hurry to make a decision. because I think selling a house will not be as easy as imagined. especially in times of economic crisis like today. sometimes selling a house at this time will only be bargained for cheap. hope you think about it carefully.

This is why it's important to hire a caretaker and they are the ones that will clean and do some maintenance while we are still away. That way the house will still be in good condition and its value won't decline but it will only increase. He can still repair his house first before he sells it so that buyers won't price it cheaply.

Bitcoin is actually much better to have than a house because once btc is damaged or its value goes down, it can heal on its own after some time for free but a house can't do that without the help of someone else and it's also not free. Selling a house is like selling a btc. It needs timing so that it won't be bargained by the buyers.

[Davidvictorson]

Do you think it's good that I sold the house then I buy bitcoin with all the money?

It is a good thing that you have brought this question to the right place. I have racked my brain to see if there's anything new I can add since most of the responses that came to mind has already been given. However, I am going to add this - be mindful of the time and this season of bitcoin. As at the time of writing this bitcoin is 16k plus. Assuming you buy sell your house and buy bitcoin and it drops further or there comes along regulation and all what not, what would you do? How would you feel? My counsel is to be wise. Investing now in Bitcoin is a huge gamble and the best strategy is DCA.

[Issa56]

Other people are into crypto to buy something for their future or secure their future like house,
But there are also those who are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

I think the risk the OP is trying to take is too much, I don't think you should sell your house because you are planning to invest, I know investing in bitcoin is a very good investment but you should be prepared to hold for long term, so the OP will be homeless or rent an apartment till bitcoin gets to his target, investing in bitcoin is nice but I won't really advise the OP to sell his house. As you said always invest any amount you can afford to lose, am sure if the OP sell the house, he can't afford to lose the money. I think the OP reconsider it before selling his house.

[coolcoinz]

The benefit of renting it out is that it would be easier to DCA into BTC.

If you sell it, you'll end up with a pile of fiat that's hard to sit on and DCA out of. It will be tempting to put it all into BTC in one go. If I do that (which I may have to), I'll try and stick to a DCA strategy, e.g. divide the proceeds into 12 chunks and DCA monthly over the course of a year.

I don't see a problem with dividing a million dollars into 10x 100k and doing DCA with these small parts like putting in 100k now and if it goes down another 100k and so on. Given that it explodes in January and you find yourself with only 100k in, just stay out with the rest and wait it out. Worst case scenario in OP's case. bitcoin either goes to a new high and he'll have only 6 bitcoins and best case scenario it keeps going down for another 6-12 months and ends up with over 100 bitcoins and then the bull market begins.

[Cantsay]

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)

As long as you won't be needing the money anytime soon then it's fine by me.
And always remember to invest money you can afford to lose. Selling your house to buy Bitcoin isn't a bad idea if only you've other alternative for shelter then no issue. Never make the mistake of selling your asset to buy Bitcoin just in the hope that you might make some cool profit in a short time, if you do you might end up being disappointed. Bitcoin isn't a "quick money scheme" only those who are ready to hodl for a long time will make the most of it.

So make sure to think it through before you make any decision.

[Cryptomultiplier]

Do you think it's good that I sold the house then I buy bitcoin with all the money?

My counsel is to be wise. Investing now in Bitcoin is a huge gamble and the best strategy is DCA.

While it is a good thought to have considered selling your house, it is important to have firstly weighed the pros and cons of investing in crypto asset. The market these days has experienced a downturn in rate and although bitcoin has been projected to hit a 20k market cap before the year ends, I highly doubt it is right to invest all monies in acquiring any crypto asset. However, as rightly put the strategy one should employ in investing with huge cash is numerous but mostly, DCA stands out as a recommended approach.

DCA refers to consistently investing a small, fixed amount of money, which over time may yield better results, while saving you time and your nerves.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://crypto.com/university/how-does-dollar-cost-averaging-work&ved=2ahUKEwjQ18KJtq77AhXI_7sIHemSDq0QFnoECBgQBQ&usg=AOvVaw3NYHuvZTjX3SGaaWtGcYOG

[South Park]

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)

Since you are selling your second house that you are not using this is not a move that is as risky as some other major movements we have seen by other members of the forum, it seems that you want to sell when the market goes up 200% so you can get 3 houses out of your investment and this is a realistic goal, just make sure that you can hold your coins for the long term as it is easy to think you can endure the bear market, but once you have to do it many people are unable to do it.

[JoyMarsha]

You have 3 houses and you sold 1 of the house in 2018, and you want to repeat the same thing this year by selling one of your houses, which you'll now have 1 house at the end. In all this, why don't you lease your presumed house out for some time(depending on how long you want) and use the amount from your leased house to invest in bitcoin? That's a suggestion. If you are to take this move, you are using a stone to kill two birds(invested in bitcoin and still have your house under your control).

There'll still be other bearish and bull run coming up. Will you sell your remaining house by 2025? Since you are in the character of selling your house each bearish season.

[serjent05]

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)

Given that you have 2 houses and the one that you are selling is the one that is abandoned, I think it is a smart move since as you said it doesn't appreciate and you have to pay yearly tax for that.  Selling it and investing it in Bitcoin would be a good idea because we all know that Bitcoin will possibly go up in value in a year or two.  Just make sure that you won't be shaken if the price of BTC crashed after you sell your house and buy BTC.

[Smartvirus]

I think you've got the answer to your own question.

it's different when compare it with bitcoin

Don't just look at the growth of bitcoin without taking into account the risks it brings. Your home doesn't increase in value, but at least it's safe for you and real estate is considered the safest asset.

I think Maidak have got the right idea to it. Bitcoin might be a fine investment and you might be doing yourself a solid by taking up a Bitcoin investment but you must understand that what your doing is a high stake risk. You might win or lose. Not all to have come into this crypto industry have left with profit. Just enough people also have made others rich and in turn, they became the more broke.
Why, thy couldn't hold on, others invested in shit coins but in your case, it seems different as you are picking a Bitcoin investment but, having to sell an asset of value like the real estate, it doesn't seem like the best of ideas for me. I won't advice it!

[pixie85]

Do it and have no regrets. In this world you either push forward and take a risk or be that average person who struggles to pay the bills.

I'm not saying take a risk and become a drug dealer or rob a bank but putting some money in bitcoin or in your case an old house that you don't live in is a great idea.

Don't just look at the growth of bitcoin without taking into account the risks it brings. Your home doesn't increase in value, but at least it's safe for you and real estate is considered the safest asset.

People in Ukraine might have something to say about the safety of real estate