Experience about trading in btc | Bitcointalksearch.org

salad daging

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

If you are still asking about this method then maybe you don't know anything and only see from the hype session, moreover you sell your house only wanting to invest and trade in BTC, do you already know how the risk here is too big?
There is always a saying that if you want to invest in bitcoin, you must be able to afford to lose, in other words, cold money that must be put in bitcoin.

Because if you know the prospect of bitcoin is higher then you don't need to ask questions like this, you already have confidence and also know what to do after getting the money from selling a house. But I think it's a very stupid decision.

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

Building castles I'm the air bro and it is a bad decision to get involved in Bitcoin without having adequate knowledge of the volatility of bitcoin market and the risks associated with its investment.

-Bad also is to sell your personal property such as a house which is also a good investment to invest in Bitcoin, I hope you are willing to wait for as long as possible to achieve your aim and hope you will have the motivation.

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Quote from: mk4 on March 13, 2023, 04:23:05 AM

In all seriousness, selling a house to trade BTC is generally quite a dumb decision.

I could have recommended selling the house to invest in bitcoin for the long term instead of trading.
But only if the OP has another house that is currently occupied, meaning the house being sold is the one that was previously his unprofitable immovable investment asset. It's definitely not a stupid thing to think about, but if the OP only has one house and wants to sell it to trade then he's just digging his own loss hole.

JimboToronto

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You're never too old to think young.

Trading is not investing. It is gambling. Buying an asset which you strongly value is investing.

Did you buy your house with the idea of selling it and waiting for a cheaper house to buy and sell again?

You probably bought your house to live in and enjoy. If it increases in value, that's just a bonus.

Selling your house to spend the money on lottery tickets, trading or casinos is just plain foolish.

A few people have become wealthy by selling their homes and investing in Bitcoin but they didn't do it by trading. They did it by holding long-term and they did it because they strongly believed in Bitcoin's importance.

bittraffic

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That's risking the roof over your head for your future money. The decision is all up to how confident you are in investing in BTC. It's a huge sacrifice but it just going to make you homeless. That's something you are to be ready for.

If it's just me with no wife and kids, I would be sleeping soundly at night no matter where I sleep as long as I hold some amount of BTC. Grin

zaki12

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

This is not the right choice investing by selling a house is something that needs to be avoided. After all, it's your only asset. To invest wisely in making decisions because it will impact you in the future.

What we need to know is that investing in crypto is very high risk because the price is volatile and very difficult to predict so if you sell a house hoping for a bigger profit then what will happen will be the opposite. Therefore, start something with a cool head.

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Quote from: bettercrypto on March 13, 2023, 10:40:26 AM

First of all no one knows what will happen in the future. So no one knows what and when the value of bitcoin will increase in the market.

Although, the increase and decrease in its value in the market is inevitable, we just don't know if it will continue to increase or decrease because no one really knows and that is due to volatility.

It depends on how you value the the house if it is a place no one is currently living in or might be living in an immediate future then it is better to sell it off rather than having it dilapidating. Bitcoin is a great store of value to save that funds if you can hold for long

bettercrypto

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

First of all no one knows what will happen in the future. So no one knows what and when the value of bitcoin will increase in the market.

Although, the increase and decrease in its value in the market is inevitable, we just don't know if it will continue to increase or decrease because no one really knows and that is due to volatility.

michellee

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Recently, bitcoin's condition has improved because it can develop and be accepted by many people. But if you want to invest your money in bitcoin, you better start now because bitcoin has great potential to increase very high in the future. And I don't think you need to sell your house to invest in bitcoin but you can use your income to start investing in bitcoin. And only use the money you can afford to invest in bitcoins and do DCA so you can accumulate your bitcoins over time. And while you wait for the moment of reversal, you can still collect more bitcoins from now on so that when the price of bitcoins starts increasing, you can sell your bitcoin at the peak price.

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Quote from: Edwardard on March 13, 2023, 07:47:40 AM

I think there's also a famous youtuber (who got similar thoughts like the OP), called the bitcoin family guy who sold his house and went all in on bitcoin in the very early days. Now he and his family doesn't work anymore (I guess lol) and yet live a very luxury life. You need a combination of luck, timing and faith to be successfull with these type of risks.

@OP, if you got 2 houses, its definitely worth it Wink

What is life without any risk?

Even on this forum I have read about someone saying same thing about gaining from his house sale. It was the early stage of bitcoin but right now even if we are optimistic about bitcoin getting twice its ATH I just can’t advise someone to sell off his house even if there’s another one. It might be his only source of income. He could just put it out on rent and split the rent from it some for daily expenses and rent other part for bitcoin investments. One thing that still remains is that bitcoin investments are money you can lose. Can the OP be opened to lose the house

Edwardard

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Quote from: Dr.Osh on March 13, 2023, 07:23:15 AM

most people trade or use bitcoin to buy a house.

Not most people, but the ones who already got a huge capital.

Quote from: Dr.Osh on March 13, 2023, 07:23:15 AM

however, you sold it instead.

I think there's also a famous youtuber (who got similar thoughts like the OP), called the bitcoin family guy who sold his house and went all in on bitcoin in the very early days. Now he and his family doesn't work anymore (I guess lol) and yet live a very luxury life. You need a combination of luck, timing and faith to be successfull with these type of risks.

@OP, if you got 2 houses, its definitely worth it Wink

What is life without any risk?

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

Buddy you are using abbreviations on some of your worlds, I will like situation you correct such impression early before it will come as methods of your posting.
In the aspect of selling your house for Trading, I will advice you not to do such, because theirs every possibility that you many not arrive in profit always in your Trading, so a situation whereby your lost is higher than your profits for you subsequent Trading, that showcase that you are losing, and if you happened to experience huge lost your house gone.

So it's encouraging to venture into Trading without having loan and existing debts, secondly its advisable to trade with what you can afford, so I believe Trading suppose have be done with your spare money so that when it comes as a result of negative or disadvantages in trading you will not be hurt or have a depression, so selling your properties for Trading is not ideal from my perspective.

Dr.Osh

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most people trade or use bitcoin to buy a house. however, you sold it instead. Home is an investment whose value can also increase in the future. if you lose it to buy bitcoins, how can you hold bitcoins when the price has fallen. I think selling a house to invest is not something that is wise and exemplary.
this is not a decision where one would say "take risks for greater gains". Well, but it doesn't matter if you have lots of houses and lots of money.

kryptqnick

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Of course, the housing market can crash, depending on where you live, but if you only have one house where you live, I agree with others that it's not a good idea to sell it in order to experiment with Bitcoin investment. If you want to sell a house and buy something smaller to live in, and then invest the rest in Bitcoin, I suppose that's reasonable. If you have another place to live and that's just a house sitting around, AND you can't rent it out, perhaps it's okay as well. But I'd rather use the property to get money from renting it out and put that money into Bitcoin. That way you both invest in BTC and have property on your hands. Bitcoin investment is risky, nobody knows how that will go and how long you'd have to wait to see returns on your investment.

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin

It's one of worst decisions and did you think what you will do if your investment ends with loss?

My experience is you will very easily to change from initial plan for investment to trading or a mixture of investment and trading. Changing your plan to trading or mixture of trading and investment will make you more sensitive to market volatility that will cause you more loss.

What if selling a house and lose all or most of that money after a few months or one to two years? Will you suicide?

Quote from: Smack That Ace on March 13, 2023, 05:49:12 AM

Yes, bitcoin can be highly profitable, but it can also disappear at any time, with high returns and high risk.

It's very profitable for people who do right with it. Buying, holding and waiting patiently for chance to take good profit. It's profitable for holders and investors, not for traders or gamblers.

Smack That Ace

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Selling a home to invest in a volatile asset like bitcoin is the dumbest decision I've ever seen. If bitcoin can only be profitable without any risk, the opportunity will no longer be for you. I don't understand why so many people have the mindset of selling real assets to invest in bitcoin, sell usable things to invest in something uncertain in the future.

Yes, bitcoin can be highly profitable, but it can also disappear at any time, with high returns and high risk.

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Quote from: asyezuner on March 13, 2023, 04:09:36 AM

If I have a house

Get your house first, then let's talk again if you think this question is necessary.

Stupid people may be tricked into losing their home because of investment offers that convince them to get 100% return. But I'm sure they'd be smart enough to refuse to sell their house if you offered anything with a probability return.

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The first rule of investment is; invest only what you can afford to lose.

You selling your house to invest in Bitcoin is one of the dumbest decision you'll ever make in your entire life. I don't know what prompted the idea into your head but you should be aware that Bitcoin is not a get rich quick scheme, and there's a possibility of the price of Bitcoin falling. I'd advice to get a job and put your house on rent and maybe use part of the monthly payment to purchase Bitcoin rather than just throwing everything in gamble.

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what's the future chances of bitcoin and all others coin

Please if you're to ever invest your house money or go for a long term investment, please go for Bitcoin, avoid buying any altcoin, because there's a high probability of the market condition to come back to normal (no matter how long it may take ) but that of altcoin is not guaranteed, and some might even shutdown leading to even more losses.

mk4

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Ask your local fortune teller across the street. Maybe he/she knows the answer.

In all seriousness, selling a house to trade BTC is generally quite a dumb decision.

asyezuner

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If I have a house 🏠 and I want to sell them and the money invest in trading in bitcoin can tell about yours experience 5hat according to markit conditions any chance to markit grow up or still we see some downfall. In past few years what's the future chances of bitcoin and all others coin

Topic: Experience about trading in btc (Read 146 times)