I want sell my house for bitcoin | Bitcointalksearch.org

len01

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Quote from: Odusko on December 03, 2022, 02:14:47 PM

Quote from: netplus on December 01, 2022, 12:22:15 PM

stop and go to sleep in your abandoned house

What a sarcastic statement, very short but powerful, because ops need to take a chill pills to relax his brain in other to avoid making some careless mistake, how can he sell his house to buy Bitcoin and from what ops is saying he is looking at a short term investment timeframe which is not realistic.
Even though he mentioned that the house is secondary, that does not warrant him taking such a risk.
Bitcoin investment is best enjoyed with spear money that one can lock away for some years.

maybe the OP is a beginner who wants to get rich from investing in bitcoin. like other beginners who are willing to sell something to buy bitcoin.
he thought that if he invested in bitcoin using the money from selling the house there would be more in the next year without thinking about the risks he had to bear and some depression when he panicked to see bitcoin going down.
Most beginners, of course, always hope that investing in crypto, especially bitcoin, is always profitable quickly, even though it's not that easy

Odusko

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Quote from: netplus on December 01, 2022, 12:22:15 PM

stop and go to sleep in your abandoned house

What a sarcastic statement, very short but powerful, because ops need to take a chill pills to relax his brain in other to avoid making some careless mistake, how can he sell his house to buy Bitcoin and from what ops is saying he is looking at a short term investment timeframe which is not realistic.
Even though he mentioned that the house is secondary, that does not warrant him taking such a risk.
Bitcoin investment is best enjoyed with spear money that one can lock away for some years.

coinerer

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Quote from: AicecreaME on December 02, 2022, 09:43:51 AM

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.

op said he is going to sell one of his houses that he doesn't use to live in . Maybe it will be a redundant abandoned house. But it's a physical asset whose value may not skyrocket as quickly as Bitcoin, but it doesn't have the fear of losing money. But according to op's story what he is going to do is very risky. Although everyone has their own freedom of will. And he owns that asset so he can prioritize his will if he is willing to take the risk

CryptSafe

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You can not be ignorant of the fact that Bitcoin is not a get rich quick scheme. I believe you must have been following up with the trends on Bitcoin price and how it goes. Comparing both, Bitcoin is worth the investment but if you would ask me, I would say to you it is worth it but do you have the patience to wait for the next bullrun. Fine you have the two houses which according to you the worth is stagnant against your expectations of price increase. I know you never expected it to be this stagnant for too long as it is sure investment that should be rocking in more cash and increase in value but it's unfortunate that you fail to understand it that way. You see this slogan "invest in what you know you can afford to loose" is still applicable .
Well it is still the bear market you know what to do. Do your own research .

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Quote from: LogitechMouse on December 03, 2022, 10:39:37 AM

Just know the risks of it. We are still in a bear market so expect the unexpected. Always expect that there is a chance that Bitcoin might go down even lower from its current price. Some are saying that what happened in 2022 will continue in 2023. Take note as well that this will take time for you to take profit and there is a chance that what you're thinking might not happen as well. A risky move but the rewards are high when the bull run comes. You got a second home so I guess it will not hurt you that much if you will sell your first house as long as you're comfortable with your 2nd home and it got it all that will help you to live.

Can't guarantee when investing in Bitcoin always profitable and price increase up years by years, we can track with this year Bitcoin price drop drastically after in 2021 ever reached and make all time high price until above $60,000. Seems OP need think clearly about risk waiting for when selling his second house and used it to invest with Bitcoin, not always earn profitable although many promising people said excited when investing in Bitcoin, moment Bitcoin drop drastically until $17,000 from highest price on $60,000 become experienced for OP if serious want to sell house for Bitcoin.

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Quote from: AicecreaME on December 02, 2022, 09:43:51 AM

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.

No, he's not going to be homeless, he's talking about selling an abandoned house he doesn't use. Yes it is risky to sell such a large asset to invest in bitcoin but if it is an idle asset I think it will not be too serious. As long as he is willing to take the risk then he can invest because there is no 100% guarantee that bitcoin investment will bring us profit.

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Quote from: Pempek Kapal Selam on November 13, 2022, 10:17:25 PM

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, you have a 2nd home that you can stay with aside from the one that you want to sell. I guess there is no problem doing that thing. Selling a house that depreciates its value and a liability as well (unless it is used for renting purposes) and buying an asset like Bitcoin is a nice move...I guess.

Just know the risks of it. We are still in a bear market so expect the unexpected. Always expect that there is a chance that Bitcoin might go down even lower from its current price. Some are saying that what happened in 2022 will continue in 2023. Take note as well that this will take time for you to take profit and there is a chance that what you're thinking might not happen as well. A risky move but the rewards are high when the bull run comes. You got a second home so I guess it will not hurt you that much if you will sell your first house as long as you're comfortable with your 2nd home and it got it all that will help you to live.

yohananaomi

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Quote from: AicecreaME on December 02, 2022, 09:43:51 AM

Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.

obviously very risky, if the assets to be sold for exchange are the main assets, which are currently being used. I don't expect it to be a major asset, if it does happen it's possible that what you said might be experienced by the op, but I don't expect it.
currently still in a bearish market, which is still too long to bullrun, and that will probably happen at the next halving as well not next year.
you can be sure that keeping bitcoins is very profitable, but if you do an exchange of assets, of course you need to weigh the advantages and disadvantages as best as possible, it would be wiser for the assets to be exchanged, of course, not to be the main assets being used.

AicecreaME

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Very risky, but if you're willing to be homeless while waiting for the bullrun, then go for it, or you're lucky if one of your relatives or friends is willing to take you in while you're waiting for the right time to sell your Bitcoin. Especially right now that we're in the bearish market, you will be surely a homeless person. Risking is a good thing but make sure you have a backup plan, not just selling your house and buy bitcoin using that money.

mrongoz_imut

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If you want to sell your house to buy bitcoin and want to invest in bitcoin, you are definitely taking a very high risk, because waiting for bitcoin prices to soar is very long and even takes years, and even then we are not sure that we will get a commensurate profit, even though you have two houses you should not sell your house, for fear that you will be disappointed, because we know that land and houses are a very valuable turnover, because land and house prices are increasing as time goes by, if you want to buy bitcoin you should just rent your house for 5 years, maybe it's better than you sell your house.

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Quote from: Rockstarguy on December 02, 2022, 03:08:06 AM

Quote from: Pempek Kapal Selam on November 13, 2022, 10:17:25 PM

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 need to be very sure of what you are doing. Don't think selling your house to invest in bitcoin will double in value of the amount you sold it for, before you need to proceed to sell your house to invest bitcoin you have to understand that investing won't make you get quick profit the way you may be think. You planning to sell your to invest it must be a longterm investment for you to get good profits. If you you think people invest bitcoin to get rich and that's want to make you to sell your house , I think you are taking risk.

As long as the OP is ready to lose his house, then that's pretty fine. We should take risks in order to profit, but the question was: are you willing to take risks, and if so, are you willing to lose money? If you have any doubts, this is the time to conduct research to determine whether it is truly worthwhile to sell your home and buy bitcoin. Cryptocurrency is not the same as business in that you have control over your money or how your cash flows in business; in bitcoin, you can only stop your loss when you sell your bitcoin at a low price.

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Quote from: Pempek Kapal Selam on November 13, 2022, 10:17:25 PM

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 need to be very sure of what you are doing. Don't think selling your house to invest in bitcoin will double in value of the amount you sold it for, before you need to proceed to sell your house to invest bitcoin you have to understand that investing won't make you get quick profit the way you may be think. You planning to sell your to invest it must be a longterm investment for you to get good profits. If you you think people invest bitcoin to get rich and that's want to make you to sell your house , I think you are taking risk.

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Quote from: OgNasty on December 01, 2022, 01:22:17 AM

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.

netplus

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stop and go to sleep in your abandoned house

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Quote from: Genemind on November 29, 2022, 07:05:12 PM

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.

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Quote from: Pempek Kapal Selam on November 13, 2022, 10:17:25 PM

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.

Tubicolous

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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.

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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.

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Quote from: xSkylarx on November 27, 2022, 07:55:09 AM

Quote from: sstephan on November 27, 2022, 07:20:38 AM

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.

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.

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Quote from: aoluain on November 29, 2022, 02:31:12 PM

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.

Topic: I want sell my house for bitcoin (Read 3317 times)