Topic: I want sell my house for bitcoin - page 3. (Read 3321 times)
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.
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.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)
of course you want
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.
I think you've got the answer to your own question.
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.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.
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.
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.
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. 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)
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. 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)
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.
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.
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 .
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.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.
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.
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.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.
We do not want to equate or differentiate Bitcoin with gold.
(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.
I think you've got the answer to your own question.
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.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.
(I have 2 house, which I want sell it is abandoned house)
and the main concern here is that , do you really believe that there will be an interested buyer using their coin buying your kind of house? and where this located? is it in city of country side?
There will always be a person interested in one's garbage let alone the guy is selling a house although abandoned has a value in it. And I think @OP is not selling his house in BTC, he is selling it to buy BTC.
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.
But Bitcoin graph shows that Bitcoin can be a good investment for profit especially when a person or investors buy Bitcoin when it is at the bottom. We have seen that every halving, there is a huge rally of Bitcoin market. If a buyer is wise enough to know this trend then it is 100% that investing in Bitcoin is profitable.
I think you've got the answer to your own question.
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. 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.
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)
I am very much not comfortable with the idea of selling your house, two of your houses in that matter to buy Bitcoin.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)
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 very risky! Risk/Reward ratio unknown 
I will advise op not to sell his house to buy Bitcoin for now since we don't know how long the market will take to go bullish again. This might take like 2 to 3 years for the market to reach the previous high that was attained before. Inflation is increasing everyday and the worth of land properties are also adding value so if op thinks he want to sell his house, then he needs to consider this as a fact because the worth of his property is adding value too. Investing in Bitcoin is good but it is wrong to take a decision out of emotion without proper survey of the crypto market. If you have genuine reasons and you know you have other things that will keep you going then you can continue.
Nooo.....You must be out of your mind to even think about doing such an illogical thing. I don't understand why would you risk smith like that. Bitcoin business is not for risk taking at all. If you have stable income and some savings, go ahead, invest, but selling your house is not the best idea. Invest in Bitcoin only that much amount which you can afford to lose. Bitcoin is unregulated, speculative and an unpredictable currency. It looks lucrative only as long as the bubble hasn't burst.
Furthermore, Succesful investors always try to diversify their portfolios, as somebody has already mentioned above so putting all your money in one currency is not generally a good idea.
That said, others can only advise you what to do. I personally sold my Appartement ( the only home at that point ) to get into a school at some point in my life and I don’t regret this decision. Ultimately, use your own common sense and best judgment.
But no, it’s not a good idea
Furthermore, Succesful investors always try to diversify their portfolios, as somebody has already mentioned above so putting all your money in one currency is not generally a good idea.
That said, others can only advise you what to do. I personally sold my Appartement ( the only home at that point ) to get into a school at some point in my life and I don’t regret this decision. Ultimately, use your own common sense and best judgment.
But no, it’s not a good idea
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