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Author Topic: I want sell my house for bitcoin  (Read 3307 times)
fuguebtc
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November 27, 2022, 11:32:48 AM
 #161

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.

I'm not saying that selling abandoned houses and investing in bitcoin is bad, but I want to remind OP that bitcoin is still a risky investment, it's not as safe as he thinks it is. When investing, we should take into account the return as well as the risk to make a decision with no regrets later. Our mutual advice to each other has always been to invest only money that can be lost and that is the message I want to send to the OP. Bitcoin can provide greater returns than any investment, but its risks are also not small.

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November 27, 2022, 12:20:38 PM
 #162

Quote
Bitcoin can provide greater returns than any investment, but its risks are also not small.

lottery tickets can provide even greater return , risks are also not small but the results are almost immediate .
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November 27, 2022, 12:55:09 PM
 #163

Quote
Bitcoin can provide greater returns than any investment, but its risks are also not small.

lottery tickets can provide even greater return , risks are also not small but the results are almost immediate .


Winning a lottery is very rare, and your odds of winning are 1 in 14 million, which is close to impossible, but still, there are lucky people who win it, so you still have a chance to win a lottery. The less risk we see, the less profit or money we gain—that's how it works. Bitcoin has a higher risk, but it also has a higher return; it is entirely up to you whether you want to take that risk or not. In life, we really need to take risks to be successful, but when we lose, let's just treat it as a lesson and learn from it.
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November 27, 2022, 01:12:38 PM
 #164

Quote
Bitcoin can provide greater returns than any investment, but its risks are also not small.

lottery tickets can provide even greater return , risks are also not small but the results are almost immediate .


Winning a lottery is very rare, and your odds of winning are 1 in 14 million, which is close to impossible, but still, there are lucky people who win it, so you still have a chance to win a lottery. The less risk we see, the less profit or money we gain—that's how it works. Bitcoin has a higher risk, but it also has a higher return; it is entirely up to you whether you want to take that risk or not. In life, we really need to take risks to be successful, but when we lose, let's just treat it as a lesson and learn from it.

In order to be a successful person, we have to step out of our comfort zone and if we want to have what others don't have, we have to do what others can't. That is the price to pay for success.

I support this thought of the OP, although it is risky and risky, but if we succeed, what we achieve is not small and that result can be equal to our cumulative lifetime. but OP should also consider that if you fail, take it as a lesson, not an end.

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November 27, 2022, 01:29:52 PM
 #165

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 intend to sell your abandoned house that is fair enough, however never make any attempt to sell your own living home, I believe you wanted to take a risk by buying bitcoin now for long term perspective in a bid to earn reasonable amount of profits compared to an abandoned house that is not appreciating in value rather depreciating, I think the risk worth it considering the past history of Price Action of bitcoin for every bearish sentiment their is usually a period when the price will pump to attain ATH, if you decided to  buy now there is a big opportunity coming up for long term hodlers ahead because of bitcoin halving in 2024.

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November 27, 2022, 05:27:38 PM
 #166

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 actually have 2 houses and you don't absolutely need the second one then you could sell it, invest part of the money in bitcoin but also I would suggest to keep part of that money for any kind of emergency or even to buy more bitcoin in case of a new dumps, which are always a possibility.

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November 27, 2022, 06:13:16 PM
 #167

I hope the op is aware that bitcoin investment is not a quick money scheme where you invest today and expect a huge return within a few hours as they always claim. Since the house is not useful due to its location, selling the house and investing part of the money to bitcoin is fine but I hope the op has a good knowledge of bitcoin before investing otherwise I will suggest you seek knowledge and the type of investment you will choose so you don't end up regretting why you sold your house to choose bitcoin investment.

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November 27, 2022, 09:09:57 PM
 #168

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.
I say something, if you have a house to stay and live in and if you have another house that you don't use and that you don't want to rent, I would sell and buy the bitcoin because I know that this investment is going to become very large, the bitcoin is at 16 thousand dollars, it could be that it reaches almost 100 thousand dollars and the person earns a lot of money and can buy a better house than the one he sold and a car and everything.

people sometimes do not see the fruit that can be obtained from a good investment, some buy cattle, others invest in the stock market, others put their money in investments that what they do is steal money, but the one who invests in bitcoin is a person who will never lose money.

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November 27, 2022, 09:33:22 PM
 #169

I hope the op is aware that bitcoin investment is not a quick money scheme where you invest today and expect a huge return within a few hours as they always claim. Since the house is not useful due to its location, selling the house and investing part of the money to bitcoin is fine but I hope the op has a good knowledge of bitcoin before investing otherwise I will suggest you seek knowledge and the type of investment you will choose so you don't end up regretting why you sold your house to choose bitcoin investment.

as the OP wants to sell an abandoned house, it may be better to really buy other profitable investments. but don't go all in with bitcoin. maybe buy other tangible assets like jewelry or other real-estate. curious if the OP will post the update of this undertaking, if he will indeed sell that abandoned house and what comes after next? buying some btc today is a good opportunity if you do believe that in the very near future, its value will increase.

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November 27, 2022, 10:39:14 PM
 #170

of course you want
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November 28, 2022, 08:44:18 AM
 #171

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 intend to sell your abandoned house that is fair enough, however never make any attempt to sell your own living home, I believe you wanted to take a risk by buying bitcoin now for long term perspective in a bid to earn reasonable amount of profits compared to an abandoned house that is not appreciating in value rather depreciating, I think the risk worth it considering the past history of Price Action of bitcoin for every bearish sentiment their is usually a period when the price will pump to attain ATH, if you decided to  buy now there is a big opportunity coming up for long term hodlers ahead because of bitcoin halving in 2024.
Yes, I think what you said is very right. To sell houses that don’t affect your life, I also think that opportunities in the bear market are very rare. Go to ambush at this trough, and you will make money after the halving. If I have extra houses I will sell and buy BTC without hesitation.

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November 28, 2022, 09:05:01 AM
 #172

If you think that, your house doesn't get a good profit by rent, then you should wait till January, 2023. If you get a simple profit by rent, than you can buy more btc with the profit of rent. If you don’t get anything, then you can sold it and invest in crypto.

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November 28, 2022, 09:16:46 AM
 #173

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.
I say something, if you have a house to stay and live in and if you have another house that you don't use and that you don't want to rent, I would sell and buy the bitcoin because I know that this investment is going to become very large, the bitcoin is at 16 thousand dollars, it could be that it reaches almost 100 thousand dollars and the person earns a lot of money and can buy a better house than the one he sold and a car and everything.

people sometimes do not see the fruit that can be obtained from a good investment, some buy cattle, others invest in the stock market, others put their money in investments that what they do is steal money, but the one who invests in bitcoin is a person who will never lose money.


We all here know that investing in bitcoin can bring huge returns but no one here can 100% guarantee it will happen its all just guessing and hoping it does real.

Of course OP could sell that house for investment but what people want him to understand is that the investment is risky and the higher the return the higher the risk and bitcoin is not a get-rich-quick, nor does it guarantee 100% returns, there are still risks with bitcoin.

If you dare to affirm that bitcoin will be 100% profitable in the future, then I think you can also sell all your assets to invest in bitcoin, not just idle assets.

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November 28, 2022, 02:06:30 PM
 #174

I'm not saying that selling abandoned houses and investing in bitcoin is bad, but I want to remind OP that bitcoin is still a risky investment, it's not as safe as he thinks it is. When investing, we should take into account the return as well as the risk to make a decision with no regrets later. Our mutual advice to each other has always been to invest only money that can be lost and that is the message I want to send to the OP. Bitcoin can provide greater returns than any investment, but its risks are also not small.
Right. But I also didn't see or find the statement I mentioned if you said that. I think what you're saying is just to remind the OP that making a decision like that won't give you 100% of the profit as planned.
In this context I also convey an important message that selling an unused house to invest in Bitcoin is a good step to take to maintain value and what I want to convey at this opportunity that I do not want to equate Bitcoin with Gold.

 
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November 28, 2022, 02:54:41 PM
 #175

(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.

Correct! All this time, the OP already had the answer to his question but I cannot really blame him if he took that same question and asked the users here in this forum because chances is that he might come across answers that he haven't thought. It's much better to sell that abandoned house and convert the fiat into bitcoin while we are still in a bear market and the halving is approaching new. That house has no utility anymore and it has been a liability to the OP has I bet he is still paying a tax for that stated house.

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November 28, 2022, 05:08:11 PM
 #176

I'm not saying that selling abandoned houses and investing in bitcoin is bad, but I want to remind OP that bitcoin is still a risky investment, it's not as safe as he thinks it is. When investing, we should take into account the return as well as the risk to make a decision with no regrets later. Our mutual advice to each other has always been to invest only money that can be lost and that is the message I want to send to the OP. Bitcoin can provide greater returns than any investment, but its risks are also not small.
Investing in Bitcoin is very crucial when it comes to the present days due to the volatility of the market. Bitcoin is also one of the top investment one can put hope inother to get balance finances. Selling house or liability to invest in Bitcoin is considered risky but if taken preservative risks management, one can earn profits from it. Bitcoin is reliable and it's trusted to invest in, not a ponzi scheme but legit and with proof moderators. Bagging Bitcoin during the bear also aims to be a very good entry position inother to gain profits.

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November 28, 2022, 10:26:35 PM
 #177

I'm not saying that selling abandoned houses and investing in bitcoin is bad, but I want to remind OP that bitcoin is still a risky investment, it's not as safe as he thinks it is. When investing, we should take into account the return as well as the risk to make a decision with no regrets later. Our mutual advice to each other has always been to invest only money that can be lost and that is the message I want to send to the OP. Bitcoin can provide greater returns than any investment, but its risks are also not small.
Investing in Bitcoin is very crucial when it comes to the present days due to the volatility of the market. Bitcoin is also one of the top investment one can put hope inother to get balance finances. Selling house or liability to invest in Bitcoin is considered risky but if taken preservative risks management, one can earn profits from it. Bitcoin is reliable and it's trusted to invest in, not a ponzi scheme but legit and with proof moderators. Bagging Bitcoin during the bear also aims to be a very good entry position inother to gain profits.
I don't think selling the house is necessary, there are much better ways to buy bitcoins. I myself never thought of that, for me home is a safe place for us to live. It's true that now is the right time to buy bitcoin at a much cheaper price, maybe it's better to save a little bit of the bitcoin from your payday, allocate 30% of the salary to buy bitcoin, that's much better and doesn't bother the mind .
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November 28, 2022, 11:18:53 PM
 #178

is there not too rash in this matter.
selling a house need a process if you want to get a value that matches the value of the house itself
as we know investing in crypto has a very high risk of loss and if it has been hit it will be lost forever,
My advice is to invest properly and be ready to lose,
have a nice day

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November 28, 2022, 11:51:42 PM
 #179

You need to sell your house if you think that selling your house will give you more profits them do it. We don't know when the market will give more bullish whether now or later. The price of Bitcoin can move to any direction so you need to be ready to take the risks if the market keep going down and takes very long time to go up again. This is the risk we need to be ready to take as the market keep moving.

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November 29, 2022, 01:08:32 AM
 #180

You need to sell your house if you think that selling your house will give you more profits them do it. We don't know when the market will give more bullish whether now or later. The price of Bitcoin can move to any direction so you need to be ready to take the risks if the market keep going down and takes very long time to go up again. This is the risk we need to be ready to take as the market keep moving.

I thought so. because investing in bitcoin will definitely be risky, because the price is unstable. so to invest bitcoin must use idle money, that is to have peace of mind when investing. but i think what op did is the right thing if op sold his house and the money was used to buy bitcoins. because the house he is going to sell is an displaced house.

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