I want sell my house for bitcoin

[joeperry]

I really think that you are the only person, OP, who could say if your decision did you more good than if you do the opposite. It is understandable that you have come to compare the difference of value that properties and bitcoin presents over time, but it is important to note that these two are different in nature. Needless to say, if you think that investing to bitcoin than real estate would give you profit then you are not wrong. It is just a matter of perspective, timing and situation, where in your case, you had a extra house that became the way toward crypto investment. A decision that is indeed worth it.

[virasog]

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

If bitcoin was of a price near 50,000$, then there was a risk that if you sell the house and bought bitcoin at a such high price and then bitcoin might dump, and you lose your money. However, in the current situation where the bitcoin price is a little over 16,000$, selling the house and buying bitcoin can be a good investment. Bitcoin might dump two or three thousand, but if he can hold the bitcoin, he could easily 5x-6x money when bitcoin will reach nearly 100,000K.

[milewilda]

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

If bitcoin was of a price near 50,000$, then there was a risk that if you sell the house and bought bitcoin at a such high price and then bitcoin might dump, and you lose your money. However, in the current situation where the bitcoin price is a little over 16,000$, selling the house and buying bitcoin can be a good investment. Bitcoin might dump two or three thousand, but if he can hold the bitcoin, he could easily 5x-6x money when bitcoin will reach nearly 100,000K.

We know that you wont lose nothing if you dont sell.It might be having that negative fiat or usd value but it wont be realized as long you do hold up your position.
We know that this market is truly unpredictable specially with Bitcoin. OP does really mentioned about a house which he owned but it was just an extra or a property that it wasnt been even rented
which means that it could really be potentially be sold out and if you do see that it is worth to take risk on doing that by putting it on bitcoin then it would really be totally depending on your own choice.
Majority of people would be saying that it is really be that risky but things would be considerable basing up on someones risk taking or management.

[aoluain]

The thing is, I have heard some people on the past saying if they could go back in time
to 2010, 2011 and 2012 they would have sold everything and bought Bitcoin.

Let's face it, we all know Bitcoin is only going up in the medium to long term so
what is the problem with doing NOW what many people will be regretting they
did when Bitcoin hits $160k and more?

[usekevin]

Actually the value of bitcoin can be double or four times in a short period.It’s the reason of this thread,people with good knowledge about the crypto currency surely take such risk.Actually we can’t blame this as just a risk alone.We can gain four times of investment.With the help of bitcoin,you can buy three house with the same rate.So it’s essential to take risk to achieve in your life.Surely you will win the game with some good passion.Multiplying of the assets is done only by taking risk.

[Ojima-ojo]

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

This is too.much a risk to take, how can a man sell his only shelter making himself and family becoming homeless just to buy Bitcoin, this world is a gamble yes and know one know what will turn our fortune around, but then risking a house to buy a highly volatile asset like Bitcoin which does not have a time frame to when and how the price will act in the future is not a risk to take as a man.

I advise you only buy Bitcoin with the funds you can afford to look away from for life without demand, that way you will have the motivation to hold for as long as possible.

[Sanitough]

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 still a risky investment, and you don’t hold any assurance that you will gained huge profits from it or you might end up just like others buying at a high price and selling at a low price. My point is do not compromise your house in exchange for your bitcoin expected profits because that is still not 100% sure that it will happen. If you want, you can buy a portion of bitcoin with the amount you are not afraid to lose. At least, once you lose that, you still have that house in your own possession.

[Quidat]

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 still a risky investment, and you don’t hold any assurance that you will gained huge profits from it or you might end up just like others buying at a high price and selling at a low price. My point is do not compromise your house in exchange for your bitcoin expected profits because that is still not 100% sure that it will happen. If you want, you can buy a portion of bitcoin with the amount you are not afraid to lose. At least, once you lose that, you still have that house in your own possession.

It doesnt really give out assurance but there are people whom do really like or love to play with fire or simply with risk.If you do see that it is worth then so be it but if not then
i would rather let that house to monetize for me and rent it out into someone to have atleast some money in every month but since its mentioned that it was
that abandoned and havent been used then its not really a bad option for you to take on selling it and putting those funds on bitcoin but of course
you should really be that mindful when it comes to risk involved.

[Genemind]

An abandoned house doesn't give you cash flow, you are also paying taxes. If you think BTC can give you more profit since it seems you have already witnessed how it grew during the past halving then invest. However, I am sure that you are aware of the risk of investing in crypto since it is volatile, there's no guarantee that the same growth in BTC price will happen in the next halving. Just invest and don't expect too much.

[pixie85]

I'd do that if I had a spare house and especially if I had some unused money.

High inflation makes holding money pointless and a property that doesn't grow in value is just as pointless.

A house has to be maintained or it will rot, become moldy, the garden will overgrow. You either live there, rent it out or sell it.

[Chilwell]

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)

Taking no risk is one of the biggest risk in life, but take risk with caution. Bitcoin is best and reliable coin in the all world but still we don't invest our life savings on it. Actually I don't know the worth of the properties, selling the  two houses and invest in Bitcoin is good but I advise you to invest money of one house then the other one in another business as backup for bitcoin investment.

[panganib999]

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're focusing too much on bitcoin's potential for growth without ever researching or even seeing for yourself the amount of risks that it entails. Although you did mention you still have a spare residence to live for whenever things go south, it is still an unwise decision to make for most people. Altogether, what I would highly suggest you make sure before jumping to any venture, it doesn't have to necessarily be bitcoin, is that you must always make sure you don't invest anything you can't afford to lose. People in this industry lose their lives because of simple mistakes like these, some even take out a loan that they can't easily pay to invest in crypto, such an unwise thing to do.

[rodskee]

The thing is, I have heard some people on the past saying if they could go back in time
to 2010, 2011 and 2012 they would have sold everything and bought Bitcoin.

Let's face it, we all know Bitcoin is only going up in the medium to long term so
what is the problem with doing NOW what many people will be regretting they
did when Bitcoin hits $160k and more?

and besides it seems that he is losing nothing big here because the houses he should be selling are abandoned and maybe with cheaper value if to be sold for money so if bitcoin maybe he can use as investment for long term holding because that abandoned house seems to be doing the same as long term with no income at all.

[Ben Barubal]

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.

   You said this very well Sir, I can only add that apart from the high risk that we can face if we allocate a high investment amount for Bitcoin, and if we allocate only a small amount for it we will hold it for a long time, of course, your Bitcoin income will be based on the capital you have allocated.
   In addition to that, investing in bitcoin for me is only good to do in the long term if you also buy a large amount of it, or if you want to save it, it's good to train yourself to save bitcoin little by little every week which will end in a wallet that is safe for you.

[OgNasty]

Selling your house for Bitcoin seems like a pretty risky thing to do. I guess it’s a high risk high reward scenario depending on how long your time horizon is for holding the BTC. The timing is right for such a move to pay off big, but it would also be really embarrassing to lose your house over some magic internet money. I definitely wouldn’t go investing in whatever the latest altcoin fad is with your funds.

[Tubicolous]

You are capable of doing so. Diversifying your portfolio, on the other hand, is a good idea. When purchasing bitcoin, you should also consider purchasing altcoins.

[eddie.gouws]

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 I understand it, the one house, since it is an abandoned one, is a liability(at the moment) that is decreasing in value. I recommend turning it into an asset, throwing some money into it and trying to rent it or increase its selling value. Since you already have invested, having an asset that is less susceptible to inflation is what I would prefer. I am highly against all in's (in most cases😉) diversification is a high priority, but please let me know where you disagree or agree with me.

[mirakal]

An abandoned house doesn't give you cash flow, you are also paying taxes. If you think BTC can give you more profit since it seems you have already witnessed how it grew during the past halving then invest. However, I am sure that you are aware of the risk of investing in crypto since it is volatile, there's no guarantee that the same growth in BTC price will happen in the next halving. Just invest and don't expect too much.

Yes, the abandoned house is already a liability and not an asset because the OP also provided that its value hasn't increase in the past few years. In the long run, the OP will lose more money because the tax is not cheap anymore and it's not worth it to hold the property as its value is not that changing as well. Selling it and investing in bitcoin is a much better idea, it might be risky, but bitcoin has proven numerous times already that it's really worth it to invest on it.

If I were the OP, I won't waste any time anymore on keeping the property because it won't give me any income at all especially if the OP doesn't have any capital to invest on the property to renovate it and put it on the website so that people can rent it if they want to, like Airbnb style.

[netplus]

stop and go to sleep in your abandoned house

[salad daging]

Selling your house for Bitcoin seems like a pretty risky thing to do. I guess it’s a high risk high reward scenario depending on how long your time horizon is for holding the BTC. The timing is right for such a move to pay off big, but it would also be really embarrassing to lose your house over some magic internet money. I definitely wouldn’t go investing in whatever the latest altcoin fad is with your funds.

As many people have said this is quite high risk and not a good way to do it, if he for example holds bitcoin for a long time (5-years) it is possible to get high rewards from holding it but along the way it will not be smooth sailing for ordinary people always impatient, they want reason, if the market is bearish for a long time, it can affect their mentality, what you need to do is with the scenario that has been designed, what about the consequences later, and it's better to think again, but by buying bitcoin, it's better slowly but he can execute in his strategy.

Obviously this is something that must be avoided, never jump into new altcoins or other old altcoins. This is not a good prospect, but avoid altcoins even if they are lured by hype or high percentages.