I want sell my house for bitcoin - page 4.

virasog

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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)

It is not an easy decision for anyone to sell his house for bitcoins. Though everyone would like to have bitcoin but if one sells his house, will create some complications as he will have to find an alternate house to live in, probably a rented one. He should also have extra money to afford the rent as the money invested in bitcoin can't be used immediately as bitcoin may take 2 to 3 years to reach another all time high.

But in your case, it is an easy move as you have two houses and selling the one may not cause you any trouble. Also, bitcoin may reach a minimum of 3x if it reaches its all time high again and no other investment can give you this much return for sure.

Bobrox

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Quote from: lepbagong on November 26, 2022, 05:45:39 AM

selling assets to buy new assets with the aim of making a profit, is an action that needs to be appreciated. but you are right, friend, if what the op did by selling the assets of the house is of course a very brave and risky action, moreover the assets to be exchanged may be very vital, if it is true that the assets of the house are the main assets. of course it is very risky to make the exchange, even though it can be said that bitcoin is very promising though. because if you exchange your main assets and you have to be forced to rent a house to live in, this is not the best solution because the cost burden will increase.
but once again everything is returned to the individual himself because he knows the real situation even though of course that is not the best solution to do.

Based on individual mindset about Bitcoin as worth investment or not, I think OP have final decision for selling house and convert or invest into Bitcoin. Have positive and negative side when investing in Bitcoin than keep hold his house as property investment, Bitcoin can increase up and down drastically in few moment time different when OP keep holding his house as property investment actually waiting several years later with house values increase up more than 20% until 40%. But have positive side with property without any drastically price drop just have unpredictable bad happening like earthquake. I don't see any update yet from OP after first time he wrote selling house for Bitcoin, I am waiting have sold out with his house or still have negotiation about price for selling.

akuntester1

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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)

I think if you sell your abandoned house it is too reckless and too big a risk.
Why do you have to sell your abandoned house?
Instead of selling it, why don't you think visionary?
I mean why don't you think about renting out your abandoned house?
Don't you think that there are many people out there who want to build a house but they can't afford it.
Or maybe you can open a business in your abandoned house?
I think a house is an asset for the future of you and your family.
Every year the price of land will always rise and of course it's a valuable asset for the future.
Maybe my advice is to take advantage of your abandoned house to produce something, maybe for rent or to build a business in that house.
Rent the house and you can take advantage of the results of renting your abandoned house and then you invest it in bitcoin, I think that is the thing that makes the most sense to me.
But it's up to you, it's all yours and all decisions and risks are yours to determine, I can only give some advice.

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Quote from: yudi09 on November 26, 2022, 01:45:00 AM

Quote from: Tallupooh on November 25, 2022, 06:31:08 PM

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.

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.

Sanni_w

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From your explanation I see you want to sell both of your house. This could cost you a lot. I will advise you to sell only 1 and leave the other house. Bitcoin is not a safe investment in the short term but if you leave it for long then you probably gonna make huge return in the future

lepbagong

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Quote from: Hamza2424 on November 24, 2022, 02:22:50 PM

Op title sounds very experimental i would prefer not to do it as far as a safe play is concerned. If its your livings house then dont even think about it. If you own it as an holding asset then you can think about it but still its a very very risky choice as if you are not a good holder then it can cost you a lot. Thats the fact too risk brings Money but sometimes you better know...

selling assets to buy new assets with the aim of making a profit, is an action that needs to be appreciated. but you are right, friend, if what the op did by selling the assets of the house is of course a very brave and risky action, moreover the assets to be exchanged may be very vital, if it is true that the assets of the house are the main assets. of course it is very risky to make the exchange, even though it can be said that bitcoin is very promising though. because if you exchange your main assets and you have to be forced to rent a house to live in, this is not the best solution because the cost burden will increase.
but once again everything is returned to the individual himself because he knows the real situation even though of course that is not the best solution to do.

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Quote from: Tallupooh on November 25, 2022, 06:31:08 PM

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.

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.

Bazzu

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Quote from: Tallupooh on November 25, 2022, 06:31:08 PM

I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.

Yes, indeed because investing is definitely risky. but in any investment there must be a risk. it's just that if we don't dare to take risks, of course we won't get any benefits. according to me
if our sell a house and the money will be used to buy bitcoin, in my opinion that's a good thing. because as the OP said, that is if he has a lot of houses and there are houses that are not used. and he will sell it and the proceeds to buy bitcoins. so I think what the OP is going to do is a good thing.

Tallupooh

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I think you should consider it carefully. if for example, you sell your house and buy bitcoin, then suddenly the bitcoin price drops it can make you lose. although there is still a chance, but think wisely. don't just think about the good, you also have to think about the negative impact.

DanWalker

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Quote from: lienfaye on November 24, 2022, 11:36:23 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)

Well, the decision is yours but before that ask yourself, will you be fine (and your family) if you sell your house to buy Bitcoin given that it might take a long period before you profit?

You're positive and confident in Bitcoin as a profitable investment, it's a good mindset. However, look for the negative side too, if something went wrong and your expectation didn't happen, are prepared for it and can you accept that fact? You're the one who can answer this.

In OP's case it's an abandoned house which means they should be fine if they sell it but there's one other thing OP needs to keep in mind that, Bitcoin is still considered a risky investment, it can make us profitable but also make us lose.

While bitcoin has proven that it always increases over time (history shows us that), there is no guarantee that history will definitely repeat itself. The future of bitcoin is a question mark.

OP can invest in bitcoin but should only invest with money that you can bear loss, should not think only of profit but think of the risk that you face.

gunhell16

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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)

It means that the first time you sold your house that you bought with bitcoin in the year 2018, you have already made a profit if you sold the bitcoin in the year 2021. That means, at least you made a good profit during these times.

Now with the two houses you have because they are abandoned, do you want to sell them to buy bitcoin again this time? Are you planning to do the same as you did with the first house you sold?

Maybe you know what you're doing, because if you're not sure you won't think of planning to sell your abandoned house. But if you can't stop yourself from doing these plans of yours, maybe this time it's better that your capital don't allocate everything you can sell to bitcoin,
it's better to buy only bitcoin instead and allocate some money to buy to other altcoins that also have the potential to give you income in the future.

lienfaye

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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, the decision is yours but before that ask yourself, will you be fine (and your family) if you sell your house to buy Bitcoin given that it might take a long period before you profit?

You're positive and confident in Bitcoin as a profitable investment, it's a good mindset. However, look for the negative side too, if something went wrong and your expectation didn't happen, are prepared for it and can you accept that fact? You're the one who can answer this.

GreatArkansas

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Quote from: Chato1977 on November 24, 2022, 09:43:13 PM

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)

there is no sense at all mate , you are asking for an abandoned house so what can you lose or win if ever?

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?

For me, this still depends, you can not measure it now if you lose or win because you will use the proceeds of the house to buy it for Bitcoin and hold it for the long term or wait for the price of Bitcoin to pump and sell it for profits (this is difficult). We don't know what will happen to the price of Bitcoin.
Why accepting other coins to buy your house, you can sell it for fiat and convert that fiat to Bitcoin, very easy.

Chato1977

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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)

there is no sense at all mate , you are asking for an abandoned house so what can you lose or win if ever?

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?

landheer

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Quote from: Hamza2424 on November 24, 2022, 02:22:50 PM

Op title sounds very experimental i would prefer not to do it as far as a safe play is concerned. If its your livings house then dont even think about it. If you own it as an holding asset then you can think about it but still its a very very risky choice as if you are not a good holder then it can cost you a lot. Thats the fact too risk brings Money but sometimes you better know...

yes, indeed by selling a house for bitcoin there must be a risk because we will not know whether investing in bitcoin will experience a loss or profit. because indeed in investing it is better to use idle money, do not use money from the sale of our own assets. but of course the choice is in the hands of the OP.
but as OP said that he has more than one house. so in my opinion if he sells it and the money from selling his house is used to invest in bitcoin I don't think there is a problem, because he has more than one house.

Hamza2424

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Op title sounds very experimental i would prefer not to do it as far as a safe play is concerned. If its your livings house then dont even think about it. If you own it as an holding asset then you can think about it but still its a very very risky choice as if you are not a good holder then it can cost you a lot. Thats the fact too risk brings Money but sometimes you better know...

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OP is smart investor by comparison between property investment increasing profit in how long time than investing his assets in Bitcoin, I think smart ideas did by OP when selling house and converted it in Bitcoin. In property beside difficult to find with increasing price drastically in short time we have paying taxes when selling our house but in Bitcoin controlling in our hands and not need with taxes paying because in my country have highest taxes when making transaction for selling property.

I hope OP found the new costumer want to buy his house and converted it in Bitcoin, accepted Bitcoin directly as payment currency seems difficult based on country OP not allowed accepted Bitcoin as payment way.

Woodie

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Some early adopters of bitcoin did go through this route and became homeless as a result , but fortunately there is some good to the risky undertaking as crypto paid them handsomely after a short period and made instant millionaires . But as for 2022 and beyond, I wouldn't advice anyone to gamble there home believing money will grow on trees, if you are a short term holder buy some bits of btc every month and see your portfolio grow.

Quote from: koindeks on November 17, 2022, 03:04:31 PM

This is very risky! Risk/Reward ratio unknown

Believe it or not, numbers are intimidating... RR should be 1:500X Grin

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Quote from: Uzairjutt275 on November 24, 2022, 12:18:03 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)

I think this is great idea if you have 2 house and you sold one house and bought bitcoin because it is 4 year cycle when bitcoin price will be rise up and I think this is a right time to buy a bitcoin in bear market. You will hold bitcoin for a long time you definitely get a profit from holding.

You are only thinking of the positive side of this. You need to think also about the risk of your investment. What if the price of bitcoin continues to fall in the coming years? Do you have a backup plan? How do you react? Don't put all your eggs in one basket, as others have suggested. What I recommend is that if you are serious about selling your home, you should not invest all of your money in bitcoin; instead, try to invest it in other things, such as starting a business, so that if the price of bitcoin becomes unsustainable, and you can't take it then you can sell it. Though I'm sure it was guaranteed to be up in the future, it's just thinking about both sides of the risk to be prepared.

Uzairjutt275

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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)

I think this is great idea if you have 2 house and you sold one house and bought bitcoin because it is 4 year cycle when bitcoin price will be rise up and I think this is a right time to buy a bitcoin in bear market. You will hold bitcoin for a long time you definitely get a profit from holding.

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