I want sell my house for bitcoin - page 2.

panganib999

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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'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.

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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)

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.

pixie85

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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.

Genemind

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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.

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Quote from: Sanitough on November 29, 2022, 04:59:12 PM

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)

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.

Sanitough

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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)

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.

Ojima-ojo

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Quote from: rby on November 26, 2022, 04:07:38 PM

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.

usekevin

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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.

aoluain

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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?

milewilda

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Quote from: virasog on November 29, 2022, 12:11:56 PM

Quote from: D ltr on November 28, 2022, 06:18:53 PM

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.

virasog

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Quote from: D ltr on November 28, 2022, 06:18:53 PM

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.

joeperry

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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.

Bazzu

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Quote from: Desmong on November 28, 2022, 06:51:42 PM

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.

Desmong

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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.

D ltr

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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

rendravolt

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Quote from: borovichok on November 28, 2022, 12:08:11 PM

Quote from: fuguebtc on November 27, 2022, 06:32:48 AM

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 .

borovichok

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Quote from: fuguebtc on November 27, 2022, 06:32:48 AM

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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Quote from: Bitstar_coin on November 27, 2022, 01:27:43 AM

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

(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.

yudi09

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Quote from: fuguebtc on November 27, 2022, 06:32:48 AM

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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Quote from: danadc on November 27, 2022, 04:09:57 PM

Quote from: n0ne on November 26, 2022, 06:23:41 PM

Quote from: Viscore on November 26, 2022, 05:23:54 PM

Quote from: Maidak on November 13, 2022, 10:34:48 PM

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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