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Author Topic: I want sell my house for bitcoin  (Read 3307 times)
lienfaye
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November 25, 2022, 04:36:23 AM
 #141

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)
Well, the decision is yours but before that ask yourself, will you be fine (and your family) if you sell your house to buy Bitcoin given that it might take a long period before you profit?

You're positive and confident in Bitcoin as a profitable investment, it's a good mindset. However, look for the negative side too, if something went wrong and your expectation didn't happen, are prepared for it and can you accept that fact? You're the one who can answer this.

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gunhell16
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November 25, 2022, 05:10:11 AM
 #142

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 means that the first time you sold your house that you bought with bitcoin in the year 2018, you have already made a profit if you sold the bitcoin in the year 2021. That means, at least you made a good profit during these times.

Now with the two houses you have because they are abandoned, do you want to sell them to buy bitcoin again this time? Are you planning to do the same as you did with the first house you sold?

Maybe you know what you're doing, because if you're not sure you won't think of planning to sell your abandoned house. But if you can't stop yourself from doing these plans of yours, maybe this time it's better that your capital don't allocate everything you can sell to bitcoin,
it's better to buy only bitcoin instead and allocate some money to buy to other altcoins that also have the potential to give you income in the future.

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November 25, 2022, 05:31:23 AM
 #143

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)
Well, the decision is yours but before that ask yourself, will you be fine (and your family) if you sell your house to buy Bitcoin given that it might take a long period before you profit?

You're positive and confident in Bitcoin as a profitable investment, it's a good mindset. However, look for the negative side too, if something went wrong and your expectation didn't happen, are prepared for it and can you accept that fact? You're the one who can answer this.

In OP's case it's an abandoned house which means they should be fine if they sell it but there's one other thing OP needs to keep in mind that, Bitcoin is still considered a risky investment, it can make us profitable but also make us lose.

While bitcoin has proven that it always increases over time (history shows us that), there is no guarantee that history will definitely repeat itself. The future of bitcoin is a question mark.

OP can invest in bitcoin but should only invest with money that you can bear loss, should not think only of profit but think of the risk that you face.

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November 25, 2022, 11:31:08 PM
 #144

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.
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November 26, 2022, 12:28:41 AM
 #145

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.

Yes, indeed because investing is definitely risky. but in any investment there must be a risk. it's just that if we don't dare to take risks, of course we won't get any benefits. according to me
if our sell a house and the money will be used to buy bitcoin, in my opinion that's a good thing. because as the OP said, that is if he has a lot of houses and there are houses that are not used. and he will sell it and the proceeds to buy bitcoins. so I think what the OP is going to do is a good thing.

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November 26, 2022, 06:45:00 AM
 #146

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.
The OP wants to sell an unused or unoccupied house. For me it's a good OP plan selling an abandoned house to buy Bitcoin at a time like the current price and the current market situation could be a good opportunity.
I think the OP's thinking in this case is right that the OP wants to use real objects or assets (houses) to invest. The market is very volatile, but investing in Bitcoin in my opinion will not disappoint.

 
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November 26, 2022, 10:45:39 AM
 #147

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...
selling assets to buy new assets with the aim of making a profit, is an action that needs to be appreciated. but you are right, friend, if what the op did by selling the assets of the house is of course a very brave and risky action, moreover the assets to be exchanged may be very vital, if it is true that the assets of the house are the main assets. of course it is very risky to make the exchange, even though it can be said that bitcoin is very promising though. because if you exchange your main assets and you have to be forced to rent a house to live in, this is not the best solution because the cost burden will increase.
but once again everything is returned to the individual himself because he knows the real situation even though of course that is not the best solution to do.

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November 26, 2022, 11:11:17 AM
 #148

From your explanation I see you want to sell both of your house. This could cost you a lot. I will advise you to sell only 1 and leave the other house. Bitcoin is not a safe investment in the short term but if you leave it for long then you probably gonna make huge return in the future
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November 26, 2022, 12:10:55 PM
 #149

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.
The OP wants to sell an unused or unoccupied house. For me it's a good OP plan selling an abandoned house to buy Bitcoin at a time like the current price and the current market situation could be a good opportunity.
I think the OP's thinking in this case is right that the OP wants to use real objects or assets (houses) to invest. The market is very volatile, but investing in Bitcoin in my opinion will not disappoint.

It is an unused house meaning it is an idle asset so he can sell it to invest in bitcoin but there is no 100% guarantee it will bring him profit as well as create 3 other houses as he dreamed. Bitcoin is still a risky investment, besides thinking about profit, what should we think about if it does not rise again in the future? The higher the return, the higher the risk, there is no proof that bitcoin is always profitable without risk, bitcoin is no safer than real estate and gold.

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November 26, 2022, 07:41:21 PM
 #150

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 if you sell your abandoned house it is too reckless and too big a risk.
Why do you have to sell your abandoned house?
Instead of selling it, why don't you think visionary?
I mean why don't you think about renting out your abandoned house?
Don't you think that there are many people out there who want to build a house but they can't afford it.
Or maybe you can open a business in your abandoned house?
I think a house is an asset for the future of you and your family.
Every year the price of land will always rise and of course it's a valuable asset for the future.
Maybe my advice is to take advantage of your abandoned house to produce something, maybe for rent or to build a business in that house.
Rent the house and you can take advantage of the results of renting your abandoned house and then you invest it in bitcoin, I think that is the thing that makes the most sense to me.
But it's up to you, it's all yours and all decisions and risks are yours to determine, I can only give some advice.
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November 26, 2022, 07:57:56 PM
 #151

selling assets to buy new assets with the aim of making a profit, is an action that needs to be appreciated. but you are right, friend, if what the op did by selling the assets of the house is of course a very brave and risky action, moreover the assets to be exchanged may be very vital, if it is true that the assets of the house are the main assets. of course it is very risky to make the exchange, even though it can be said that bitcoin is very promising though. because if you exchange your main assets and you have to be forced to rent a house to live in, this is not the best solution because the cost burden will increase.
but once again everything is returned to the individual himself because he knows the real situation even though of course that is not the best solution to do.
Based on individual mindset about Bitcoin as worth investment or not, I think OP have final decision for selling house and convert or invest into Bitcoin. Have positive and negative side when investing in Bitcoin than keep hold his house as property investment, Bitcoin can increase up and down drastically in few moment time different when OP keep holding his house as property investment actually waiting several years later with house values increase up more than 20% until 40%. But have positive side with property without any drastically price drop just have unpredictable bad happening like earthquake. I don't see any update yet from OP after first time he wrote selling house for Bitcoin, I am waiting have sold out with his house or still have negotiation about price for selling.

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November 26, 2022, 08:09:10 PM
 #152

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 is not an easy decision for anyone to sell his house for bitcoins. Though everyone would like to have bitcoin but if one sells his house, will create some complications as he will have to find an alternate house to live in, probably a rented one. He should also have extra money to afford the rent as the money invested in bitcoin can't be used immediately as bitcoin may take 2 to 3 years to reach another all time high.

But in your case, it is an easy move as you have two houses and selling the one may not cause you any trouble. Also, bitcoin may reach a minimum of 3x if it reaches its all time high again and no other investment can give you this much return for sure.

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November 26, 2022, 08:49:16 PM
 #153

Nooo.....You must be out of your mind to even think about doing such an illogical thing. I don't understand why would you risk smith like that. Bitcoin business is not for risk taking at all. If you have stable income and some savings, go ahead, invest, but selling your house is not the best idea. Invest in Bitcoin only that much amount which you can afford to lose. Bitcoin is unregulated, speculative and an unpredictable currency. It looks lucrative only as long as the bubble hasn't burst.
Furthermore, Succesful investors always try to diversify their portfolios, as somebody has already mentioned above so putting all your money in one currency is not generally a good idea.
That said, others can only advise you what to do. I personally sold my Appartement ( the only home at that point ) to get into a school at some point in my life and I don’t regret this decision. Ultimately, use your own common sense and best judgment.
But no, it’s not a good idea
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November 26, 2022, 08:56:28 PM
 #154

This is very risky! Risk/Reward ratio unknown Smiley
I will advise op not to sell his house to buy Bitcoin for now since we don't know how long the market will take to go bullish again. This might take like 2 to 3 years for the market to reach the previous high that was attained before. Inflation is increasing everyday and the worth of land properties are also adding value so if op thinks he want to sell his house, then he needs to consider this as a fact because the worth of his property is adding value too.

Investing in Bitcoin is good but it is wrong to take a decision out of emotion without proper survey of the crypto market. If you have genuine reasons and you know you have other things that will keep you going then you can continue.

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November 26, 2022, 09:07:38 PM
Merited by Marykeller (3), Mr.right85 (3), Ojima-ojo (2), nara1892 (1)
 #155

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 am very much not comfortable with the idea of selling your house, two of your houses in that matter to buy Bitcoin.
Where I come from people invest in Bitcoin sell it and use it to buy land and house. You have already gotten a land and house on it and you want to sell it to buy Bitcoin.

I do not think that it is a very wise move, assuming it is only the house it would have been somehow understandable but now you will sell both the house and the land it is on to buy Bitcoin. In as much as you said that the houses are abandoned which means no person leave in it and it is deteriorating every now and then , that means you can decide to sell it off now that the market is in bear. In the next 4 to 5 years you will get your return and be able to buy more than what you have now.
It is a risk, and everyone takes their own risk according to their dimensions

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November 26, 2022, 10:23:54 PM
 #156

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.
Bitcoin investment still not guarantees secured profits because of its high volatility, so never compromise your property just because you are tempted on the future profits of bitcoin. Your property will always be your own possession no matter what but with bitcoin, you will never hold an assurance that it won’t lost its value and you sell it eventually at a cheaper price. You can always invest in bitcoin if you want, but only an amount that you can afford to lose, and selling your house will never be reasonable and definitely an illogical thing to do.
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November 26, 2022, 10:56:20 PM
 #157


(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?

There will always be a person interested in one's garbage let alone the guy is selling a house although abandoned has a value in it.  And I think @OP is not selling his house in BTC, he is selling it to buy BTC.

Bitcoin investment still not guarantees secured profits because of its high volatility, so never compromise your property just because you are tempted on the future profits of bitcoin. Your property will always be your own possession no matter what but with bitcoin, you will never hold an assurance that it won’t lost its value and you sell it eventually at a cheaper price. You can always invest in bitcoin if you want, but only an amount that you can afford to lose, and selling your house will never be reasonable and definitely an illogical thing to do.

But Bitcoin graph shows that Bitcoin can be a good investment for profit especially when a person or investors buy Bitcoin when it is at the bottom.  We have seen that every halving, there is a huge rally of Bitcoin market.  If a buyer is wise enough to know this trend then it is 100% that investing in Bitcoin is profitable.
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November 26, 2022, 11:23:41 PM
 #158

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.
Bitcoin investment still not guarantees secured profits because of its high volatility, so never compromise your property just because you are tempted on the future profits of bitcoin. Your property will always be your own possession no matter what but with bitcoin, you will never hold an assurance that it won’t lost its value and you sell it eventually at a cheaper price. You can always invest in bitcoin if you want, but only an amount that you can afford to lose, and selling your house will never be reasonable and definitely an illogical thing to do.
Maybe selling a house in which a family resides is illogical. Here the house OP have planned to sell is an additional house that is not in use. Selling the house could help him invest into cryptocurrencies. One thing, he need to prepare his mind to accept the positive and negative market move. Also, he should have the patience to experience the best out of the investment. If his plan was to sell the house, buy bitcoin and the next day sell bitcoin and buy two house. This won't happen.

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November 27, 2022, 06:27:43 AM
 #159

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

The answer is right in front of you bro. Assuming am in your position and own two houses out of which one is abandoned and I don't have the capital to develop it to a state where I can rent it out to generate income, I would consider selling it and putting 70% of the funds on btc. No doubt in 2 to 3 years to come btc must have increased more in value, enough for me to buy a decent house for rent.
As long as you have a goal and know when to take advantage when btc hit your price target, you will be glad to make that decision.

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November 27, 2022, 09:33:58 AM
 #160

The OP wants to sell an unused or unoccupied house. For me it's a good OP plan selling an abandoned house to buy Bitcoin at a time like the current price and the current market situation could be a good opportunity.
I think the OP's thinking in this case is right that the OP wants to use real objects or assets (houses) to invest. The market is very volatile, but investing in Bitcoin in my opinion will not disappoint.
It is an unused house meaning it is an idle asset so he can sell it to invest in bitcoin but there is no 100% guarantee it will bring him profit as well as create 3 other houses as he dreamed. Bitcoin is still a risky investment, besides thinking about profit, what should we think about if it does not rise again in the future? The higher the return, the higher the risk, there is no proof that bitcoin is always profitable without risk, bitcoin is no safer than real estate and gold.
Bitcoin is indeed a risky investment and up to being a risky investment but chooses to invest in Bitcoin as a form of preserving value. Selling a house to buy Bitcoin is indeed not an option that can guarantee a return as expected, but rather than the house being abandoned, I think selling and buying Bitcoin is a good step in my opinion.
We do not want to equate or differentiate Bitcoin with gold.

 
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