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Author Topic: I want sell my house for bitcoin  (Read 3267 times)
Artem Sereda
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November 15, 2022, 03:17:25 PM
 #81

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.

Well, listen, even the thought of such a decision suggests that a person underestimates the whole situation, and this threatens with very bad consequences. It is difficult to imagine what will happen if Bitcoin continues to fall in price.

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November 15, 2022, 04:18:38 PM
 #82

Do you think it's good that I sold the house then I buy bitcoin with all the money?
Don't invest what you can't lose.
Quote
(I have 2 house, which I want sell it is abandoned house)
If you can carry your personal life in one house then you should go for it. But if you still have any doubts about it then follow what will be the best for you.
If the abandoned house is in some good place, then you can rent it to other people for stable money. Which in my opinion is a good thing.
For BTC, we don't really know when the bull market will begin. If you trust the people saying BTC will rise again [I believe it will] then you can make some profit out of that. But no one knows how long that will take.
And it will be a one time profit as it will take much more time than this to go on a bear market again after the bull run. you have to keep that in your mind too.
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November 15, 2022, 04:37:08 PM
 #83

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)

So I am guessing that you have another House you are personally living in and also from your comment, both houses you are considering selling are actually abandoned houses.
I bought some landed properties back in 2016 and even though they have appreciated in price, it wouldn't have compared to if I had Invested them in Bitcoin back then even with the current BTC price.
The present Bitcoin price range is a good spot for investing and I would do what you are considering as long as you are not making yourself and your dependant homeless.
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November 15, 2022, 04:50:10 PM
 #84

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.
There are several ways that the OP can do?
First: Sell the house with the assumption because it is not used, then build a bitcoin investment, even though the investment made will be faced with risk.
Second: Rent out the house and use the rent to invest in bitcoin.
These two patterns look good to practice, but the first option is much more innovative in terms of utilization, because if you calculate the use of rent for the house, it is not much more effective than investment. Technological developments in the utilization of money must be utilized to greater advantage, this will not be achieved if only pattern number two is used.

Quote
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
In the end, whatever decision the OP takes is the path of choice, this cannot be influenced by anyone, but I think investing in Bitcoin is the right choice for now.

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November 15, 2022, 08:27:59 PM
Merited by fillippone (2), nara1892 (1)
 #85

You have to do your research before doing that because basically bitcoin investment is not going to get rich quick for you even though we know bitcoin has a 4 year cycle where it will be bullish again so it's still not certain to happen even though I believe bitcoin will peak again (ATH)

It doesn't matter if you want to do it and sell 1 house and then invest it all in bitcoin as long as this won't be a pressure for you in the future, prepare your mind for this and don't panic in any case including when bitcoin crashes again.
Well, everyone wants bitcoins with the investment they make, but not this way, but that's how you sell your house, you can do it.

What I know is that house values ​​grow every year (YoY) by 7-12 percent, this is consistent and stable compared to bitcoin which fluctuates greatly, you might be able to compare how the growth of house values ​​and high volatility bitcoin, you don't just get tempted because of an increase of thousands of percent but think about how you could weigh all of that.

I didn't do that even though I have two houses for example, but I have more money then that's what I have to invest in bitcoin.

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November 15, 2022, 08:52:01 PM
 #86

Well, listen, even the thought of such a decision suggests that a person underestimates the whole situation, and this threatens with very bad consequences. It is difficult to imagine what will happen if Bitcoin continues to fall in price.
The house is abandoned and it will be better to put on sale so that there's money that will come to the owner of it and then eventually, it'll be on an investment which is bitcoin.
The price is low right now and I think the timing is great because he'll get more bitcoin after the sale if ever there's someone who's going to pay it directly with bitcoin.
But I think, due to paper works, he has to let it flow or receive cash first and then just use it to buy bitcoin.

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November 15, 2022, 09:26:18 PM
 #87

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.

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November 15, 2022, 09:47:08 PM
 #88

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.
Selling the house that isn't in use to buy bitcoin is a good choice. Some used to rent the additional ones and make regular income out of it. Selling the house and buying bitcoin is a good choice if OP have got the patience to hold. If not, he could try renting the home in exchange for bitcoin. OP can receive initial deposit and regular income in the form of bitcoin.

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November 15, 2022, 09:54:55 PM
 #89

I don't see a problem with selling a house for bitcoin. The rule is you should never go all in, but what is all in really? I'm all in bitcoin which means that I have all my liquid assets invested, but I'm not all in to the point that if I lost my investment I wouldn't have anything to eat or a place to live. If I lose all my btc which is very unlikely I'll just won't be able to afford a new car or to go abroad for holidays. That's the risk I can take.

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.

You did not read his post. It's not his primary residence!

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November 15, 2022, 09:56:35 PM
 #90

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)
As long as you still have another house, it may be okay. But, you need to remember one thing, investing in Bitcoin will be worthy if you are doing long-term investments. At least, this is still a bearish era and you are investing at least until the bullish era to gain higher profits. For, if you are expecting for short term period to get big profits, this will not work very well. Moreover, Bitcoin price during the bearish era is very volatile, plus the emerge of the FUD is sometimes very influencing the price.
However, the most important thing is the risk, you need to be ready for the risk and manage it. If you have been considering about the plus and minus of selling an abandoned house, you can take the decision wisely.

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November 15, 2022, 10:12:31 PM
 #91

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.
Selling the house that isn't in use to buy bitcoin is a good choice. Some used to rent the additional ones and make regular income out of it. Selling the house and buying bitcoin is a good choice if OP have got the patience to hold. If not, he could try renting the home in exchange for bitcoin. OP can receive initial deposit and regular income in the form of bitcoin.
Bro, if the house is just left useless then he can take the risk. If Op doesn't have a regular income to carry family expenses then he won't think to invest in Bitcoin. He could use his money after selling the house. But if he isn't forced to use real life then won't buying Bitcoin a good choice? Risk is everywhere, even if you do a real-life business there is also risk. So think deeply. If not take the risk, can't be the gainer. I am pretty sure Bitcoin will recover today or tomorrow.

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November 15, 2022, 10:28:19 PM
Merited by nara1892 (1)
 #92

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.
Selling the house that isn't in use to buy bitcoin is a good choice. Some used to rent the additional ones and make regular income out of it. Selling the house and buying bitcoin is a good choice if OP have got the patience to hold. If not, he could try renting the home in exchange for bitcoin. OP can receive initial deposit and regular income in the form of bitcoin.
Bro, if the house is just left useless then he can take the risk. If Op doesn't have a regular income to carry family expenses then he won't think to invest in Bitcoin. He could use his money after selling the house. But if he isn't forced to use real life then won't buying Bitcoin a good choice? Risk is everywhere, even if you do a real-life business there is also risk. So think deeply. If not take the risk, can't be the gainer. I am pretty sure Bitcoin will recover today or tomorrow.
If you do have the money and its not really that needed for you to sell out one of your properties then you should do it.Its not necessary on selling out houses just for you to invest with bitcoin
since we could do it on fractions.Dont rush up yourself on doing such decision because properties does have appreciation and doesnt depreciate.Even though its on idle situation
but im not really a fan on selling out properties which does have potential.

If you could buy bitcoin without needing to sell something then you should do it.Buying gradually and considering that we are on a market where its dipping or on simply
with bears then it is really that cheaper which is something a good entry point for you to get in.
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November 15, 2022, 10:47:21 PM
 #93

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)
Turning your investment into another more profitable investment is indeed a great idea but consider risks before engaging into it. If your decision is finalized, then that's good. Be aware that the market price of Bitcoin is volatile and we have no assurance of its direction;such as when will its market price go up again in this bearish market trend. Ofcourse investing an amount while the market prices are still low, would be best but the question is; would you be able to hold it until the market value rises up? There are unexpected instances and circumstances. If you think you'd end up pulling your investment 'on the road' then think again whether to invest or not in this industry.

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November 15, 2022, 10:52:53 PM
 #94


(I have 2 house, which I want sell it is abandoned house)
actually it doesn't matter if you sell your abandoned house and it's certain that you already have a residential house for your days,
investing in bitcoin is not to get rich because as we know the value of bitcoin is not fixed and always changing, the 4-year cycle also cannot be used as a benchmark for getting profits later because we don't know what the highest value of btc will be later
whatever you do and it has become a decision is your risk, daring to invest in btc means daring to lose later

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November 15, 2022, 10:55:12 PM
 #95

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.
Selling the house that isn't in use to buy bitcoin is a good choice. Some used to rent the additional ones and make regular income out of it. Selling the house and buying bitcoin is a good choice if OP have got the patience to hold. If not, he could try renting the home in exchange for bitcoin. OP can receive initial deposit and regular income in the form of bitcoin.
Bro, if the house is just left useless then he can take the risk. If Op doesn't have a regular income to carry family expenses then he won't think to invest in Bitcoin. He could use his money after selling the house. But if he isn't forced to use real life then won't buying Bitcoin a good choice? Risk is everywhere, even if you do a real-life business there is also risk. So think deeply. If not take the risk, can't be the gainer. I am pretty sure Bitcoin will recover today or tomorrow.
If you do have the money and its not really that needed for you to sell out one of your properties then you should do it.Its not necessary on selling out houses just for you to invest with bitcoin
since we could do it on fractions.Dont rush up yourself on doing such decision because properties does have appreciation and doesnt depreciate.Even though its on idle situation
but im not really a fan on selling out properties which does have potential.

If you could buy bitcoin without needing to sell something then you should do it.Buying gradually and considering that we are on a market where its dipping or on simply
with bears then it is really that cheaper which is something a good entry point for you to get in.
Property value won't depreciate, but beyond certain point it won't increase. The value will be almost stable. In such situation it is good to take an entry into bitcoin, selling the house. Going for bitcoin buying without selling the house is always good, but at times what OP said seems to happen. If he had sold it yesterday now he could be able to buy two house, as the market of bitcoin could go high in no time.

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November 15, 2022, 11:39:05 PM
 #96

So I am guessing that you have another House you are personally living in and also from your comment, both houses you are considering selling are actually abandoned houses.
I bought some landed properties back in 2016 and even though they have appreciated in price, it wouldn't have compared to if I had Invested them in Bitcoin back then even with the current BTC price.
The present Bitcoin price range is a good spot for investing and I would do what you are considering as long as you are not making yourself and your dependant homeless.
It is clear that he has 2 houses. 1 house is for living and 1 house is the abandoned one.
No, he won't be homeless since he has a house to live in. That's why he is brave to sell the abandoned house.

Regarding the current price of Bitcoin, I agree that it is low enough to buy now. He can plan to hold for several years (target selling 2024-2025). He can expect to gain profits only in 3 years. Investing in Bitcoin is always more profitable than any other thing because it has a big volatility.


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November 15, 2022, 11:43:24 PM
 #97

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 shouldn't bet on your future based on your speculative thoughts. That was a risky move.

However, if you understand the risks then it's your decision to push that plan of yours.

It's really interesting to speculate good things in the future however, we don't know if you will able to manage properly it on the way while waiting for bitcoin's moon price.
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November 15, 2022, 11:53:53 PM
 #98

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)
Bitcoin is a good investment and it will better if you will be able to wait and see the best offer from the market. Since you have done it before them I think it will be a good idea if you do it again since Bitcoin is in a dip market now and you can stand a chance to make a lots of money if you buy low and sell higher with bigger gain.
I will always advise people to invest in Bitcoin no matter the circumstances especially when they have other fund s they can be using to take care of their needs and pay bills which is very important. If you want t sell your house and by Bitcoin knowing the risk then it's good move.

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November 16, 2022, 02:38:48 AM
 #99

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 shouldn't bet on your future based on your speculative thoughts. That was a risky move.

However, if you understand the risks then it's your decision to push that plan of yours.

It's really interesting to speculate good things in the future however, we don't know if you will able to manage properly it on the way while waiting for bitcoin's moon price.
but I think he doesn't gamble when comparing his asset with bitcoin because bitcoin is already showing us the profit in the last 12 years. Maybe that points make him brave to change their product investment. I fully support him, he just needs a good moment when the bottom bitcoin is ready to do an entire job, maybe from his estimated 1 BTC to 1.5 or 2.

.
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November 16, 2022, 03:28:23 AM
 #100

I think if you have a lot of houses, I think they can be sold and the money used to buy bitcoins. as long as you have a lot of houses and what is being sold is a house that is not used by you. I think your decision is right because right now to buy bitcoin is a good opportunity because the market is down.

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