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Author Topic: I want sell my house for bitcoin  (Read 3267 times)
sulendra12
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November 17, 2022, 07:31:01 PM
 #121

You have a great plan but I think you overlaps the condition of an abandoned house which will cost too much for a repair if OP want to make it as a rental house. But of course, it depends on what decision OP would take if he ever accepted your suggestion though we don't really know what is the financial situation of OP to consider your suggestion that's why it's up to OP.
I'd assume they have the funds to repair those houses. Since they already have 2 houses and renovating the houses not requiring much money for decent dorm. Unless they are just a troll like the other posts regarding this topic.

Quote
And lastly, investing in Bitcoin and gaining a good profit won't just happen overnight and if you are only planning to buy during the bull run, you might missed too much since bear market is always the best time to buy cheaper price. Waiting for the bull run to happen then buying the price that almost took closer to the ATH won't give you a decent profit.
That's why selling your real estate for Bitcoin is quite a silly move. If you have spare money and bit effort to repair the houses, then you already have yourself a passive income source instead of the uncertainty.

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November 17, 2022, 07:47:37 PM
 #122

Do you think it's good that I sold the house then I buy bitcoin with all the money?
Of course that's fine, but are you sure you can afford to consider the risk?
At least you should have good knowledge and emotional control before you invest all your money in bitcoin. You should be concerned about the risks involved including the pressure of needing money if you have no other reserves. But if you have considered all the risks and have consulted with some experienced people, then I'm sure you can do it.

Make sure you have a secure way to store your bitcoins for the long term. A hardware wallet is definitely recommended for you, but make sure you also perform regular backups for your better security.

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November 17, 2022, 08:04:31 PM
 #123

This is very risky! Risk/Reward ratio unknown Smiley
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November 17, 2022, 09:59:32 PM
 #124

I will be a good idea there if you can sell and get those bitcoins really, since you have a one you stay in comfortable and won't be found on the streets wandering looking for shelter to rest your head. It only matters if you can invest in what you can avoid to loose.
And the last warnings will be not to keep your money in on-line accounts and also not to save your bitcoin holding any way inside exchange's

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November 17, 2022, 10:25:36 PM
 #125

Do you think it's good that I sold the house then I buy bitcoin with all the money?
For people who have just one house and are having these same thoughts, you should refrain from taking such an action. Do you know how many persons have their greatest wish as wanting to own a house, an accommodation of their own? To throw away such a position is not a step in the right direction. If you really want to make some money from your property to buy bitcoins, there are many other ways you could do so, either by leasing a part of the house or leasing the entire building, not selling.

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November 17, 2022, 10:42:15 PM
 #126

Do you think it's good that I sold the house then I buy bitcoin with all the money?
For people who have just one house and are having these same thoughts, you should refrain from taking such an action. Do you know how many persons have their greatest wish as wanting to own a house, an accommodation of their own? To throw away such a position is not a step in the right direction. If you really want to make some money from your property to buy bitcoins, there are many other ways you could do so, either by leasing a part of the house or leasing the entire building, not selling.
^But as OP said he has owned two houses is the other one that going to sell is an abandoned house. It is a good idea for me, you are grabbing the opportunity to make money while we are in a bear market rather than maintaining two houses to clean. I would do the same by the OP, BTC is a good investment and we know that, as long as you have money that is willing to wait to make a profit or an extra fund that you don't need quickly, you are good to invest. When a bull market comes, even only takes profit to build a house and keeps the remaining again as an investment.
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November 17, 2022, 10:56:57 PM
 #127

Do you think it's good that I sold the house then I buy bitcoin with all the money?
For people who have just one house and are having these same thoughts, you should refrain from taking such an action. Do you know how many persons have their greatest wish as wanting to own a house, an accommodation of their own? To throw away such a position is not a step in the right direction. If you really want to make some money from your property to buy bitcoins, there are many other ways you could do so, either by leasing a part of the house or leasing the entire building, not selling.
^But as OP said he has owned two houses is the other one that going to sell is an abandoned house. It is a good idea for me, you are grabbing the opportunity to make money while we are in a bear market rather than maintaining two houses to clean. I would do the same by the OP, BTC is a good investment and we know that, as long as you have money that is willing to wait to make a profit or an extra fund that you don't need quickly, you are good to invest. When a bull market comes, even only takes profit to build a house and keeps the remaining again as an investment.
If you do find that other houses of yours arent generating income and you do really see the opportunity that you could possibly get with Bitcoin.Its his property then its up to his whether he would be selling it out
or would really be that keeping it since there are people who do see these properties does have appreciating value which is indeed true but of course it would really be that depending on some factors
because not all properties does really increase their value overtime. Selling out some properties for Bitcoin investment or crypto coins is never been that suggestable but if you could
really be able to handle and accept the risk in correlated to it then go ahead and sell it out and dont listen into other peoples advise.

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November 17, 2022, 11:13:54 PM
 #128

Selling house for bitcoin have turned to be common around the world. Even few months back a house got sold in Portugal. This purchase have been made directly without the involvement of any of the support platform like bitpay that converts the payment into dollars or the respective currency to the seller.

Here OP's decision to aell in his additional house in exchange for bitcoin or buying after selling the house is really good choice in the ongoing market condition. Here he needs to find all possible ways to post his ads, so to find the right buyer.

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November 18, 2022, 04:33:22 AM
 #129

Do you think it's good that I sold the house then I buy bitcoin with all the money?
New investors will continue to appear who are interested in the success stories of those who have succeeded in making profits up to tens of times from Bitcoin. Your idea is not too bad, you calculate that you can buy three houses from the profits from Bitcoin. Sounds very interesting, especially after hearing many stories from investors who suddenly got rich.

I can define your greatest interest in Bitcoin is inseparable from the promised high return, but it must be remembered that the risk from the financial side is also very large, proportional to the promised return. So, before you sell a house to buy Bitcoin, you must be accompanied by qualified insight and knowledge, not just because you are joining in. In addition, it must also be accompanied by a strong mentality.


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November 18, 2022, 04:56:15 AM
 #130

Selling house for bitcoin have turned to be common around the world. Even few months back a house got sold in Portugal. This purchase have been made directly without the involvement of any of the support platform like bitpay that converts the payment into dollars or the respective currency to the seller.
We also found several other people selling their houses as capital to invest bitcoin, this looks unique and the enthusiasm of the community is getting wider in the involvement of Bitcoin as an investment, regarding the technical aspects of direct involvement without using the supporting platform, it's just a matter of how the enthusiasts feel comfortable, but actually Adopt and the value of trust in Bitcoin investing is much more developed and into its two decades of success.

Quote
Here OP's decision to aell in his additional house in exchange for bitcoin or buying after selling the house is really good choice in the ongoing market condition. Here he needs to find all possible ways to post his ads, so to find the right buyer
If the OP includes the address of residence openly, it may make the transaction process easier for the sale of the house.
If at this time the OP managed to sell the house and directly enter the bitcoin market, then the amount of bitcoins that will be received will be much larger, considering the current Bitcoin price is still in the range of $16K.

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November 18, 2022, 05:30:27 AM
 #131

...

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

abandoned house? it would be better if you sell that and invest the money into bitcoin (if I were in your position, then I would immediately do it). Renting it out will only provide a small passive income, especially if the location of the house is not in a strategic area.
bitcoin will definitely be bullish in the future, so don't miss the opportunity that is available now, now the price of bitcoin is minus more than 60% of ATH, therefore the best moment to buy is now.


He can sell it because this is an unused home, but you should not say that Bitcoin will definitely increase the price in the future, all are just predictable and nothing sure here. Bitcoin may increase or will never increase and buy Bitcoin you can buy anytime but for real estate, I'm not sure, you can sell but to buy back is sometimes a problem.

The sublease of that house may be a small income but it is passive and you use that money to invest and accumulate Bitcoin not too bad. It will help you minimize risks as well as accumulate Bitcoin, investing in Bitcoin is not in a hurry and nothing is too late.

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November 18, 2022, 05:55:55 AM
 #132

I already thought that the bitcoin forum (bitcointalk) community will always support bitcoin in whatever situation, but for now, I bit surprised many of them were a bit contrary after the OP is very believed if bitcoin is the future because want to change quite a credible investment (property) to bitcoin. I don't know anything about long-risk or short-term investment, but when I look at how the bitcoin price is growing up every year over and 5-year term period, the OP is very smart and genius in how to make money in the future by changing investment methods.

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November 24, 2022, 05:18:03 PM
 #133

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 think this is great idea if you have 2 house and you sold one house and bought bitcoin because it is 4 year cycle when bitcoin price will be rise up and I think this is a right time to buy a bitcoin in bear market. You will hold bitcoin for a long time you definitely get a profit from holding.

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November 24, 2022, 05:42:37 PM
 #134

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 think this is great idea if you have 2 house and you sold one house and bought bitcoin because it is 4 year cycle when bitcoin price will be rise up and I think this is a right time to buy a bitcoin in bear market. You will hold bitcoin for a long time you definitely get a profit from holding.

You are only thinking of the positive side of this. You need to think also about the risk of your investment. What if the price of bitcoin continues to fall in the coming years? Do you have a backup plan? How do you react? Don't put all your eggs in one basket, as others have suggested. What I recommend is that if you are serious about selling your home, you should not invest all of your money in bitcoin; instead, try to invest it in other things, such as starting a business, so that if the price of bitcoin becomes unsustainable, and you can't take it then you can sell it. Though I'm sure it was guaranteed to be up in the future, it's just thinking about both sides of the risk to be prepared.
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November 24, 2022, 05:57:57 PM
Merited by The Sceptical Chymist (3)
 #135

Some early adopters of bitcoin did go through this route and became homeless as a result , but fortunately there is some good to the risky undertaking as crypto paid them handsomely after a short period and made instant millionaires . But as for 2022 and beyond, I wouldn't advice anyone to gamble there home believing money will grow on trees, if you are a short term holder buy some bits of btc every month and see your portfolio grow.

This is very risky! Risk/Reward ratio unknown Smiley
Believe it or not, numbers are intimidating... RR should be 1:500X  Grin

R


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November 24, 2022, 07:06:21 PM
 #136

OP is smart investor by comparison between property investment increasing profit in how long time than investing his assets in Bitcoin, I think smart ideas did by OP when selling house and converted it in Bitcoin. In property beside difficult to find with increasing price drastically in short time we have paying taxes when selling our house but in Bitcoin controlling in our hands and not need with taxes paying because in my country have highest taxes when making transaction for selling property.

I hope OP found the new costumer want to buy his house and converted it in Bitcoin, accepted Bitcoin directly as payment currency seems difficult based on country OP not allowed accepted Bitcoin as payment way.

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November 24, 2022, 07:22:50 PM
 #137

Op title sounds very experimental i would prefer not to do it as far as a safe play is concerned. If its your livings house then dont even think about it. If you own it as an holding asset then you can think about it but still its a very very risky choice as if you are not a good holder then it can cost you a lot. Thats the fact too risk brings Money but sometimes you better know...

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November 25, 2022, 12:58:34 AM
 #138

Op title sounds very experimental i would prefer not to do it as far as a safe play is concerned. If its your livings house then dont even think about it. If you own it as an holding asset then you can think about it but still its a very very risky choice as if you are not a good holder then it can cost you a lot. Thats the fact too risk brings Money but sometimes you better know...

yes, indeed by selling a house for bitcoin there must be a risk because we will not know whether investing in bitcoin will experience a loss or profit. because indeed in investing it is better to use idle money, do not use money from the sale of our own assets. but of course the choice is in the hands of the OP.
but as OP said that he has more than one house. so in my opinion if he sells it and the money from selling his house is used to invest in bitcoin I don't think there is a problem, because he has more than one house.
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November 25, 2022, 02:43:13 AM
 #139


(I have 2 house, which I want sell it is abandoned house)
there is no sense at all mate , you are asking for an abandoned house so what can you lose or win if ever?


and the main concern here is that , do you really believe that there will be an interested buyer using their coin buying your kind of house? and where this located? is it in city of country side?
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November 25, 2022, 03:48:02 AM
 #140


(I have 2 house, which I want sell it is abandoned house)
there is no sense at all mate , you are asking for an abandoned house so what can you lose or win if ever?


and the main concern here is that , do you really believe that there will be an interested buyer using their coin buying your kind of house? and where this located? is it in city of country side?
For me, this still depends, you can not measure it now if you lose or win because you will use the proceeds of the house to buy it for Bitcoin and hold it for the long term or wait for the price of Bitcoin to pump and sell it for profits (this is difficult). We don't know what will happen to the price of Bitcoin.
Why accepting other coins to buy your house, you can sell it for fiat and convert that fiat to Bitcoin, very easy.

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