I want sell my house for bitcoin

[Cookdata]

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 cannot compare the way bitcoin grows to the way a house thrives, houses are not deflationary in the way bitcoin is created. If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income. If you can't let it out to people, sell it when the price of bitcoin falls, that will be a great time to take a lower risk. You will always have peace of mind that bitcoin will go to zero, even though that is unlikely because it has never happened before and it will likely not, the more bitcoin goes down, the more interested investors jump in.

[_BlackStar]

Do you think it's good that I sold the house then I buy bitcoin with all the money?
(I have 2 house, which I want sell it is abandoned house)

Selling house to invest in bitcoin is fine instead of being empty without occupants, but only if you own more than one house. You can even sell used motorbikes, used cars, used cell phones, or other used items to invest in bitcoin if all that doesn't make you miserable.

I think it's one of the most brilliant ideas I've ever heard because it seems you have a good calculation of the return you might get from investing in bitcoin. You may need to weigh the risks instead of just the profit. Bitcoin can be lost because of your mistakes, but you don't lose your house just because the price doesn't increase year after year.

[kawetsriyanto]

Considering you have 2 houses, selling your abandoned house is okay.
However, if I were you, I won't use all the money to buy Bitcoin. I only use half for buying Bitcoin, while the rest for relatively safer investments such as gold or land. I think diversifying assets is always a better option because no guarantee for profits on Bitcoin, it is also a high-risk investment. Another consideration, sometimes we need urgent money, we can't rely on Bitcoin to sell at any time. Bitcoin is for a long-term holding, the price doesn't always increase, it may drop to a lower price in the next few months. We only can expect to sell Bitcoin in the next bullrun, unfortunately we don't know when the next bullrun really happens. It may be in 2024, 2025, or afterward.

[taufik123]

If you believe in bitcoin and want to invest long-term, it doesn't matter as long as it's your own house and an empty house that you don't live in.

But you also have to think about the risks that can occur in bitcoin. You really have to be confident and not be a loser by dumping bitcoin cheaply when it starts to drop.

1 house that you sell might be able to buy 2 or 4 houses at once when bitcoin is starting to be bullish. long-term benefits are indeed very tempting. and right now is almost the same decline as in 2018.

If you buy bitcoin now and sell at the latest ATH maybe at $100k, you will get a lot of profit. But remember, don't change your strategy, hold on and sell at the new ATH.

[Pempek Kapal Selam]

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!

Yes, I have be patient to get profit, I don't care how long it takes, 5 or more than 15 years I will accept it. I just looking how to keep it on between years, I already bought Corazon Stealth Titanium wallet and already prepare to sell my secondary house (abandoned house), but I still not sure my wallet is safe to keep my long investment.

I'm more curious how much Bitcoin you can buy with the proceeds from the sale of your second home?

If the bitcoin price between 16-17K, probably I will receive ±1BTC.

However, if I were you, I won't use all the money to buy Bitcoin. I only use half for buying Bitcoin, while the rest for relatively safer investments such as gold or land.

I don't want to buy gold because gold it's not an investment. gold is retains value, does not increase your asset value in future.

If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

[Strongkored]

@Pempek Kapal Selam I thought you will never come back to say something about all suggestions
I understand that selling a house is not easy it takes time and it is very possible when your house is sold there will be a change in the price of btc, never wait for the price to drop or think about buying it when the price is cheap because the price of BTC changes very quickly and stays on target because you are a long term investment then buy immediately.

[len01]

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)

Think of all the risks before you start anything.

indeed investing in bitcoin for the long term is one of the best ways to invest. but I suggest not to be hasty selling a house to invest in bitcoin. indeed what you are selling is an abandoned house, but it would be better if you invest in bitcoin using cold money or money that is not used in your daily life.
you need to remember that crypto prices (including bitcoin) have a volatile nature that is very difficult to predict and carries a lot of risks. so if one day you sell your house for the sake of investing in bitcoin and experience something you don't want, of course you can be disappointed and depressed because you lost your money.

so my advice consider everything. If indeed you already have a strong will and are ready to accept all the risks that you have to accept, then do it

[xSkylarx]

If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

This kind of laziness can lead to huge profits. You really have a point when you say maintenance is a problem, and if the renter keeps breaking things then that's a huge problem. Though most people prefer to rent the home since they can get money on a monthly basis, I think it is more profitable to hold a bitcoin than to rent it in the long run.

[bittraffic]

That laziness will be a reason for downfall.

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)

Those are abandoned houses, there must be reasons for it. If these houses are becoming a liability for you why not sell them?
You are very lucky to have lots of houses actually, not everyone has the luxury of owning multiple houses. So hell yes sell it and be one of those who have brave souls diving deeper.

You have got to make it worth it because losing your BTC is like selling the houses for nothing. Thinking of buying them back after profitting?

.

[kotajikikox]

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)

are you seriously asking this? you clearly say that it is an abandoned house so you have nothing to lose here , what is the purpose of keeping them if it is already abandoned?

Go sell them ad Buy bitcoin, since you seems to be updated to what is bitcoin doing here and what can bring you so best to sell your houses and buy crypto instead, in another 2-4 years the price might increase high than waiting for nothing.

[Oasisman]

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)

Several things to consider, because a house and a lot is a much safer investment and I don't believe it's value will decrease nor stagnate in a long term perspective.
You actually have a lot of options for an abandoned house.
Offer it for lease.
Though investing to Bitcoin ain't a bad idea, but the fact that this asset is very volatile, you might freak out when you see Bitcoin drops below $10k or $5k. But, If you have a huge risk appetite, then go for it, considering you don't necessarily need this property anymore.

[Xampeuu]

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)

Several things to consider, because a house and a lot is a much safer investment and I don't believe it's value will decrease nor stagnate in a long term perspective.
You actually have a lot of options for an abandoned house.
Offer it for lease.
Though investing to Bitcoin ain't a bad idea, but the fact that this asset is very volatile, you might freak out when you see Bitcoin drops below $10k or $5k. But, If you have a huge risk appetite, then go for it, considering you don't necessarily need this property anymore.

in this case he has 2 houses. I think it's good or not depending on the individual characteristics of each. if everyday life doesn't depend on the house to be sold, I don't think it's a problem, so we assume we can wait for bitcoin in the long term, but if we expect returns in the short term, I don't think we should do it, because no one knows when bullish will arrive

[pooya87]

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!

Yes, I have be patient to get profit, I don't care how long it takes, 5 or more than 15 years I will accept it. I just looking how to keep it on between years, I already bought Corazon Stealth Titanium wallet and already prepare to sell my secondary house (abandoned house), but I still not sure my wallet is safe to keep my long investment.

I don't know this wallet, it seems to a hardware wallet that is manufactured with the help of another hardware wallet company called Trezor but is not entirely their product. You can ask others in the Hardware wallets board to get better feedback on it.

As for usage and security, you should first try things out using a small amount. For example send $10 worth of bitcoin to your wallet, then try spending that amount to learn how things work. Also create a backup (assuming it gives you a seed phrase) and maybe try recovering it on an airgap system to be safe. Then you can go big.

[worle1bm]

Taking risk is also part of the returns you will get in the future but selling your house is something you can avoid if it's your primary source of residence.Suppose you sell your house and plan to live in a rented house then you will be paying extra rent but I would suggest you start putting money into bitcoin through DCA method for long term and you will be able to get another house within few years instead of selling your current one.But still if you are interested in selling house for bitcoin calculate all the risk factors.

[Kakmakr]

If I understand you correctly.... you have two properties...and the one is empty? Well, my best advice would be to find someone to occupy your second property and to get some rent income from it. Then you pay all your expenses and whatever is left, can be used to buy some bitcoins.

There are a lot of hidden expenses in property ownership... Examples : Maintenance / Insurance / Admin fees / Municipal taxes / Utilities etc... so a property that are not generating an income to pay for the expenses... are a bad investment. (You also mentioned that the property value stayed the same for a few years, so you not even making a profit on that)

Option 2 : Sell the property... put the money into a Bank... take the interest on that amount and buy bitcoins.  (low + high risk investment into one investment) 

[Marcellin9]

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)

Before we actually get to answer the question, let me bring up a question first here: what kind of money is suitable/qualified to invest with ?  Well, not all money you have should be used as an investment, it is only the spare money that is out of the range of buying food, paying rent/mortgage, covering daily expenses that can be used completely at your will. The questioner is somehow misleading because even the house he is going to sell will not affect his living standard after it is sold, the logic behind this investment is weird. In bear market like this, prices are going down to the toilet and noboday can gurantee any turning wind in the near future. The psychology behind this "investment" is very much alike gambling. You did not look up the different environments/situations then and now but thought the God of luck would stand by you again ? Let's say you don't care about losing the house because it is an "abandoned" house as you describe. But let's get back to the point I brough up earlier, how many people can afford losing a house to invest because a lost house value wouldn't affect their life ? So please be rational and reasonable. With all due respect, misleading statements are some traps that illure some people to make wrong choices.

[hZti]

I like this thread because it is the opposite of how it usually is. Bitcoin normally is at an ATH and then people go crazy and want to invest everything they have. Now bitcoin is low and I can actually somehow support to invest your house. Still I would never give business advice in an online forum.

[LegendaryK]

If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

There you are making an assumption , that holding btc for 10 years will be extremely profitable.
You are confusing past performance with future profits, that usually ends badly.

Let say you sold that house ~1 year ago for $320000 US Dollars.
You converted that $320000 US Dollars to 5 Bitcoins.
Holding it for 1 year, your fiat value of those 5 bitcoins is only $85000.
So you lost access to $ 319915 of fiat value.
That is a very bad move.
But you are like ok, I can wait 10 years.
While you are waiting for BTC to grow to $1 million.

Scenario 1: Very Likely in less than 5 years
The US / Canada / Europe Governments all ban PoW mining and outlaw any trading of PoW coins.
Your bitcoins worth become inaccessible to you almost overnight as the price per coin plummets as all Corporate and Ultra rich investors received early warning from Political allies and cashed out. Leaving the smucks that think BTC can only go up, to get crushed, like a Tulip under a 800lb fat man.

Scenario 2:
A little paid attention to fact, is that anyone in these forums since the beginning have seen many well know users die in a 10 year time frame.
Their BTC lost, because they kept their private key secret from everyone.
Not everyone reading this post will be alive in 10 years, morbid but true.

Scenario 3:
Like many you purchased your BTC all at once and instead of testing sending a little, you just sent it all on the 1st try to an incorrect address and lost it forever.

Now is it possible you avoid all of those scenarios and cash out at $100000 per bitcoin,
sure, it is a possibility not a guarantee.

Which is why all crypto is a speculative investment.
By thinking BTC is guaranteed to increase in price in 10 years, you think it is a guaranteed reward, it is not.
It is a gamble that can pay off big or wipe out your entire investment.
If you don't respect that , it will bite you, just like that guy Sam at FTX.

Guaranteed and Speculation are two different things.  

[Mate2237]

Even though you keep the house it will be a waste. And if you say, you want to renovate it, you will spend a lot of cash to renovate it and probably you don't have enough money to do that. But issue is technical. If it was me, I would have rented it out and use the money from the rent to buy Bitcoin, for renting it, the land and building is still your own,. And you can be making money from the rent every year and also using it to buy Bitcoin Everytime the tenants paid their rents.


But that is you personal decision, either you rent it to make money from the both sides or you sell it and use all the money to invest on Bitcoin. I prefer renting. But the final decision is yours

[_BlackStar]

I already bought Corazon Stealth Titanium wallet and already prepare to sell my secondary house (abandoned house), but I still not sure my wallet is safe to keep my long investment.

It is one of the more luxurious wallets in terms of looks, they have a partnership with Trezor. Maybe someone already has experience with using this wallet, so that might help you.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

OP if you insist on selling your house to buy bitcoin as your long-term investment, then that is your full right. You are responsible for the management of your funds even if some people can advise you in a better way. I fully support your interest in bitcoin, but never blame people if in the next 5 - 10 years your investment doesn't work ^{[it will likely work].}