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Author Topic: I want sell my house for bitcoin  (Read 3270 times)
Pempek Kapal Selam (OP)
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November 14, 2022, 03:17:25 AM
 #1

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)
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November 14, 2022, 03:34:48 AM
 #2

I think you've got the answer to your own question.
Quote
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. For bitcoin, it might give you 3 other houses but could make you homeless in the future.
Don't and absolutely must not do that, invest with money that can be lost and make sure it doesn't affect your family's life.

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November 14, 2022, 04:16:36 AM
 #3

I will got 3 house when I sold my house then buy bitcoin with that money
In short you should know that this won't happen overnight because bitcoin is not a "get rich quick" scheme!

Considering that you said this is a secondary house that you don't use, it's OK to do this but as long as you understand the risks involved. For example price could continue dropping (meaning you could lose money) for some time or price could stay here but in both cases it could take a very long time for price to go back up for you to start seeing any profit. Can you accept the fact that you may need to wait for a year or two to see profit?

Also you should educate yourself about storing bitcoins correctly in a cold storage so that you don't just lose all that money to a hack or malware or something like that!

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November 14, 2022, 04:24:53 AM
 #4

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)
don't be too passionate, don't be reckless, you have to think about your family.
because investing is very risky, even though it's in bitcoin.
you have to remember the consequences, in my opinion it's too risky, it's better to invest 25% and the rest you buy a new house.

it's just my opinion,
because I also invest in bitcoin, and I know the quality of bitcoin, but I don't act rashly, and continue to be careful.

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November 14, 2022, 04:28:40 AM
 #5

I was going to tell you no, until I saw this:

(I have 2 house, which I want sell it is abandoned house)

In that case I see it more logical, because I understand that if that house is abandoned the money from the sale you do not need. I also assume that it will not be a lot of money, but now Bitcoin is cheap, so it is reasonable.

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November 14, 2022, 04:31:04 AM
 #6

Long-term holder trust is a 4 year cycle in which the bitcoin price is likely to rise several times naturally. But guarding bitcoins is in fact more difficult than maintaining an abandoned house. While you are in the waiting process, your management skills are at stake. I mean, are you able to keep your bitcoins intact up to the expected cycle limit from a wallet security standpoint or do you decide to switch to holding another asset that seems to be increasing faster, or something else.

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November 14, 2022, 04:44:57 AM
 #7

(I have 2 house, which I want sell it is abandoned house)
Because this is your second home, it means it will not affect your family.
I'm more curious how much Bitcoin you can buy with the proceeds from the sale of your second home?
And also curious where did you get this idea? because Bitcoin is not a common form of investment in many countries (seeing from your username it is very Indonesian).
Hopefully you have obtained adequate knowledge of how Bitcoin price moves and also how you should store your Bitcoin, never use an exchange even though it is a local exchange which is always considered safe by many users, buy a Hardware wallet and store it safely

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November 14, 2022, 04:45:29 AM
 #8

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)

What was your profit when you bought a bitcoin in 2018 and sold it in 2021? You could answer your question: why wouldn't you buy it again today if you made a profit? Though the problem with you is that you need to look at risk; since you sold your first bitcoin, you still came back to try it again. This time, you should consider the risk: what if bitcoin continues to fall? What would you do? Are you one of the chickens that will sell it at a low price? or are you the one who, like a Spartan, holds it no matter what?
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November 14, 2022, 04:54:29 AM
 #9

Quote
Do you think it's good that I sold the house then I buy bitcoin with all the money?
Yes, since the price of Bitcoin has decreased to $16,400, it will really help you to achieve something good when the price increase higher in the future. But let it be long term investments, because the price of Bitcoin will definitely increase higher next year to allow long term investors to experience something huge from their investments.

Quote
(I have 2 house, which I want sell it is abandoned house)

I will advise you to sell one house and invest in Bitcoin, and leave the other one for future purpose because the place will not remain like that forever, which development can come to that place anytime for you to change your mind of renovating the house for rent.  

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November 14, 2022, 05:08:18 AM
 #10

I will got 3 house when I sold my house then buy bitcoin with that money
In short you should know that this won't happen overnight because bitcoin is not a "get rich quick" scheme!

That's right, bitcoin is a "get poor slow" scheme!  Wink


Your houses, your choice,
but you could also just rent out the houses, and use the profit to speculate, ie: bitcoin and lottery tickets
that way if btc drops to $100 , you did not lose your entire investment, just a year or so of rental income.

Good Luck , no matter what you choose.  Smiley

FYI:
Things to Consider, BTC price is still dropping,
US/Europe/Canada are all still talking about banning Proof of Waste coins.
PoW miners are going bankrupt like crazy right now.
There are no guarantees BTC increases verses fiat or is not outlawed in your country.
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November 14, 2022, 05:21:29 AM
 #11

I will got 3 house when I sold my house then buy bitcoin with that money
In short you should know that this won't happen overnight because bitcoin is not a "get rich quick" scheme!

That's right, bitcoin is a "get poor slow" scheme!  Wink


Your houses, your choice,
but you could also just rent out the houses, and use the profit to speculate, ie: bitcoin and lottery tickets
that way if btc drops to $100 , you did not lose your entire investment, just a year or so of rental income.

Good Luck , no matter what you choose.  Smiley

FYI:
Things to Consider, BTC price is still dropping,
US/Europe/Canada are all still talking about banning Proof of Waste coins.
PoW miners are going bankrupt like crazy right now.
There are no guarantees BTC increases verses fiat or is not outlawed in your country.

Great advice, let someone else rent that house and take the profit to invest bitcoin. I am trying to accumulate bitcoin and when bitcoin hits my goal I will sell it and buy a house, I think even if bitcoin has more potential, I won't do the opposite. Sell my house for bitcoin, i swear I never thought about it

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November 14, 2022, 05:32:26 AM
 #12

It is very recommended to sell the house and buy BTC now, it is another round of bear market, seize the opportunity, this time must be the best opportunity to buy.Every bear market must seize the opportunity, and the bull market can make money.

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November 14, 2022, 06:05:56 AM
Merited by fillippone (2)
 #13

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.
If the reason you are selling is because you have several houses, we think this is right for you to enter the bitcoin market, especially since the house you currently own is no longer productive for storing assets, and it is true that Bitcoin is able to maintain value compared to the current house. Good move, you have taken the right risk on your investment, now you can buy as many bitcoins as you want and rest assured there will be big improvements in the future.
Keep calm and hold your bitcoins.

Quote
(I have 2 house, which I want sell it is abandoned house)
For me this is the right step, because you don't sacrifice your place of residence in investing, that means you take advantage of unproductive assets to develop further, the risk will still exist in investing. Kudos to those of you who dare to step out of your comfort zone.

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November 14, 2022, 06:10:40 AM
 #14

There are proven real-time incidents in which person sold his house and moved to refugee camp buying Bitcoin with all the money. Here he didn't sold just his house, he sold all his belongings. Real understanding and the life getting connected to bitcoin made him take the decision and he never thought of getting rich out of it. For OP it is a good choice, but needs to understand the market and make further decisions.

Man sells everything he has for Bitcoin
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November 14, 2022, 06:11:21 AM
 #15

I don't think there's a right or wrong answer to this question, as it depends on your personal circumstances and goals. However, if you're looking to invest in something with the potential for high returns, then buying Bitcoin may be a good option.

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November 14, 2022, 06:15:08 AM
 #16

If you decide to sell your house to buy bitcoin, make sure you won't sell your bitcoin until the price rises. And you have to keep it properly.
Now that the price of Bitcoin is gradually falling, although it is an opportunity, it requires you to have a strong heart and insist on holding it. You should also have enough money to live on in case you need money unexpectedly.
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November 14, 2022, 06:26:01 AM
 #17

As much as I respect your decision to selling your house to buy Bitcoin (since you have 2 houses anyways), you should be prepared for certain risks (especially unexpected ones). No one would stop you here because it’s you who is the property owner will be making the final say. It’s your full responsibility on whatever results do you get whether if it’s a profit or a loss.

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November 14, 2022, 06:50:04 AM
 #18

As an experienced investor, I would advise you to sell those houses, especially when they are not occupied and you don't have any plans for them. Although I don't know your country and how real estate is booming there, nevertheless, it would be a very good bargain to buy Bitcoin at lower prices to sell later. Only that you would have to be careful and wise before investing the money. As no one knows the exact time that serious buyers would come for the houses, you might start the advert now, but keep the money in your bank account after selling, (USD) if possible.

Then you continue to analyze and speculate on Bitcoin and wait until a bullish trend is confirmed. For now, the trend is bearish and might go lower before it starts buying in near future.

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November 14, 2022, 07:29:32 AM
Merited by fillippone (2), Husna QA (1)
 #19

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)
It doesn't sound great, but if what you want to sell is an abandoned house, I think the decision is 100% yours.
Long before the decision you will make, you must first know that investing in Bitcoin does not expect to get rich in the near future, but investing in Bitcoin can maintain the value of your investment in the future as long as you are able to survive with a very volatile market situation.
Consider.

You seem to understand because you've done it before.
If we look at the current market situation, having large funds to buy is an opportunity.

R


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November 14, 2022, 07:37:47 AM
 #20

Looks like you will try to convert your assets to some kind of multiple profits if you exactly gonna buy bitcoins when their price is low and wait for the next bull runs to get your money. If this is really what you gonna do and you won't gonna live in the tent for the next 2-3 years then we are rooting for you and hope that you will gonna success with such kind of investment which is really rare nowadays. today, it's really hard to decide because you never know when the price will stop rising but if you are determined, go ahead and post your progress here if possible.

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