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Author Topic: I want sell my house for bitcoin  (Read 3270 times)
jossiel
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November 14, 2022, 08:09:26 AM
 #21

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 depends if you're not making profit with that house and you're not living there. If you're a realtor and you've got a lot of properties and you see more value selling it for you to get into bitcoin, I think that you just did the right thing.

Because it looks like you're not forced to sell it and that just happened based on your free will and current lifestyle situation.

But as long as you know what you're taking with the risk that selling your house and buying bitcoin with it, let's all hold our hands altogether and wait until the next bull arrives.

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November 14, 2022, 08:23:49 AM
 #22

Bitcoin can't make you rich quickly, don't be blind or hot-headed, after all, there are risks in the case of possible profit, and there is an irreversible possibility, you must be able to bear the possibility of failure, if this house is your number One of the ten sets, then you can try your ideas.
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November 14, 2022, 08:28:57 AM
 #23

 ;DMost it be your house you need to sell to buy Bitcoin? Can't you save and buy fraction of bitcoin if you can't buy 1. You sold your house in the past and bought bitcoin what happen to the profit make from the sale? Or you do the business of estate selling for bitcoin every season? Is your choice to decide good part for yourself but wise is good, you have to wait till next bull and halving. If you don't have where to stay, remember the rains  Grin coming soon before halving and bull run.
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November 14, 2022, 08:45:08 AM
 #24

Since it is an abandoned house, it means that your funds are fully sufficient for daily expenses, and you can freely use it without affecting your normal life. The house itself has no ability to make money. It is better to realize it. Now it is in a bear market, you can Give it a try.
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November 14, 2022, 08:55:33 AM
 #25

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's an unused house meaning they are an idle property you can sell them to invest in bitcoin. But you should research bitcoin thoroughly before making your final decision, bitcoin is not a get rich quick scheme and there is no guarantee bitcoin price will increase in 2024, maybe it will go up maybe it will never go up again, the risk is always there although the probability of bitcoin rising again is higher.

If it were me, I wouldn't sell my house for bitcoin because in my opinion real estate is safe and also highly profitable, like you can rent out or inheritance for children, real estate is easy to sell but difficult to buy because prices tend to always increase, not decrease.

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November 14, 2022, 09:10:29 AM
 #26

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)
If it is already abandoned house, then why are you holding it for so long. I am surprised though that the value of the land is not increasing with time because real estate also grows well. Only in some places the growth in real estate has become stagnant. But if you feel that you are not getting good returns from that investment, you should sell it and then invest in whatever other type of investment you like.

The money you get by selling the house should be invested in multiple venues for diversified income sources. Like you can invest some money in gold, some in mutual funds and rest in bitcoins. One more suggestion is that even in crypto, try to invest in multiple coins to diversify.
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November 14, 2022, 09:10:36 AM
 #27

If you think like that, you can sell it immediately because you can use it to buy bitcoins at the current low price. But if we talk long term, the price of a house will go up after 5 years or maybe in a year but that also depends on the house's location.

And if you still intend to sell it, you should recalculate how much money you can get so you know how much money you can use to buy bitcoins. I'm not suggesting you buy bitcoins with all the money from selling the house because you still need that money to survive. But if you have other money to hold on to, it's nothing to worry about.

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November 14, 2022, 09:26:59 AM
 #28

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)
Realistically, if indeed you have 2 houses and your finances apart from selling the house can still be covered, maybe there is no problem. Especially now that you can buy Bitcoin at a very unusual discount. If I had the same property as you, it might be the same decision. Instead of leaving your house abandoned, the house will collapse if there are no occupants. Or you can rent it to other people and allocate the rented money every month to buy Bitcoin. It depends on how you want to take full advantage of buying Bitcoins or periodically.

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Nrcewker
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November 14, 2022, 09:41:36 AM
 #29

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)

If you have abandoned house, then it’s better to sell those and buy Bitcoins currently. I mean house has a depreciation value, so definitely it will go down as the time passes. But Bitcoins are like value-able wealth which are limited in number, so as the time passes the price of Bitcoins will grow in order to meet the demand of the society. So as a true Bitcoin supporter, I can only advise you to buy Bitcoins in these cheap price and hold it for long term, atleast for a year. Rest is upto you Op.

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November 14, 2022, 09:59:05 AM
 #30

Though this is an abandoned house, but I really don't think this is such a good idea to sell house for Bitcoin, reason House is equally an investment asset class aside Bitcoin, I guess the reason why it's not increasing in value is as a result that it has been abandoned.

Therefore I would suggest....

(1) you renovate the house so it can start yielding money for you or
(2) lease the property to someone, maybe 3-5 years who can renovate and do business with it than to sell it, then from there you have equally generated the money your looking for to buy Bitcoin, so in the future when Bitcoin have increased in price you can payback the money and have your house back.

R


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MoonOfLife
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November 14, 2022, 10:19:01 AM
 #31

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 will agree with your thoughts because you have 2 houses and that house is unused. Invest in bitcoin to find yourself a better return and then you can buy back that house and 2 other houses. But remember bitcoin can't make you rich quick, getting rich with bitcoin is calculated in years, 3 to 5 years to be profitable.
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November 14, 2022, 11:51:31 AM
 #32

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)
If I'm getting your points straight, then you want to sell one of your houses because you don't have a use for it right ?
If yes then it wouldn't be bad provided you're willing to risk the money from the sale of the house because just as you're considering the growth and rise of Bitcoin, you should also consider is bearish nature and risk involved as well as Bitcoin isn't a rollercoaster but very volatile.

If you truly want to sell the house, a d seeking for my advise then I would advise you do so because and buy the Bitcoin now because now is one of the good times to buy Bitcoin since it is still in the bearish state and we are all hoping to get the bull run but whatever the case might be, you should always have in mind that you're responsible for Al that you do.

R


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November 14, 2022, 12:21:07 PM
 #33

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.

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November 14, 2022, 01:08:23 PM
 #34

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 don't like to suggest people straight on the face, but in your case, I suggest you sell that abandoned house, that house's value will not increase in time or maybe the value will fall but if you invest in bitcoin it will surely give you more in return if you just hold them. So go for it.
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November 14, 2022, 01:39:14 PM
 #35

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 don't like to suggest people straight on the face, but in your case, I suggest you sell that abandoned house, that house's value will not increase in time or maybe the value will fall but if you invest in bitcoin it will surely give you more in return if you just hold them. So go for it.

Selling a home means including a piece of land and that's real estate, I don't believe real estate depreciates over time. Houses may fall to ruin but land is never lost, if you think real estate has no value then I can tell you there is no property worth more than it.

Investing in bitcoin may or may not be profitable, so never give advice to anyone with certainty, especially when it comes to a risky asset such as bitcoin. The higher the profit, the higher the risk, hope OP will think carefully and make the final decision and it will not let you down later.

Bazzu
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November 14, 2022, 01:55:48 PM
 #36


a good topic, in my opinion, wanting to buy bitcoin by selling a house is a good decision, but of course we also have to know the knowledge before investing. and have to buy when the price is down.

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Wiwo
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November 14, 2022, 02:01:08 PM
 #37

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)
This is a very bad decision most especially if the house is the only home you home and your family leave there, you can't predict the price of Bitcoin in the next coming years if it will be above the present price or below it. I don't think you should put in your life savings either, but you can buy the amount you can afford to lose in case the market go against your expectations. You have to think deeply and avoid taking risks you can't bear only invest in Bitcoin or any other investments the amount you can afford to lose.
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November 14, 2022, 02:02:00 PM
 #38

When someone else wants to buy a house, you think about selling one of your houses to buy Bitcoin. Good.
In my opinion, sell me your house and don't use 1% of the money from the sale for other purposes other than buying Bitcoin when the price to buy is very good.

I dare say this because you still have a house for you to live in. If only one house then there is a desire to sell to buy Bitcoin, I think that is a bad plan that is haunting you and as much as possible we will forbid you to do it.

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November 14, 2022, 02:03:29 PM
 #39

Don't put all your eggs in one basket

Since you own 2 houses it means you're at least a middle class or upper middle class person, so you're have enough money to pay bills and daily expenses. Why you're not just invest in Bitcoin with your idle money? why you should put all of your money including sold your houses to get more Bitcoin? what will you do if your prediction goes wrong and you loss 50% of your capital?

Think again, real estate is also a good investment for long term.

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November 14, 2022, 03:10:47 PM
 #40

If you can afford to have that amount of money disappear overnight, then you can do so. When investing in bitcoin, all people think about is what happens if they make a profit and rarely consider what happens if they lose money. As I did when I bought bitcoin three years ago, I only thought I would get more, but I didn't think about losing half of my principal overnight. I was really desperate at that point.
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