Topic: I want sell my house for bitcoin - page 7. (Read 3321 times)

If you do have the money and its not really that needed for you to sell out one of your properties then you should do it.Its not necessary on selling out houses just for you to invest with bitcoin
since we could do it on fractions.Dont rush up yourself on doing such decision because properties does have appreciation and doesnt depreciate.Even though its on idle situation
but im not really a fan on selling out properties which does have potential.

If you could buy bitcoin without needing to sell something then you should do it.Buying gradually and considering that we are on a market where its dipping or on simply
with bears then it is really that cheaper which is something a good entry point for you to get in.

Bro, if the house is just left useless then he can take the risk. If Op doesn't have a regular income to carry family expenses then he won't think to invest in Bitcoin. He could use his money after selling the house. But if he isn't forced to use real life then won't buying Bitcoin a good choice? Risk is everywhere, even if you do a real-life business there is also risk. So think deeply. If not take the risk, can't be the gainer. I am pretty sure Bitcoin will recover today or tomorrow.

As long as you still have another house, it may be okay. But, you need to remember one thing, investing in Bitcoin will be worthy if you are doing long-term investments. At least, this is still a bearish era and you are investing at least until the bullish era to gain higher profits. For, if you are expecting for short term period to get big profits, this will not work very well. Moreover, Bitcoin price during the bearish era is very volatile, plus the emerge of the FUD is sometimes very influencing the price.
However, the most important thing is the risk, you need to be ready for the risk and manage it. If you have been considering about the plus and minus of selling an abandoned house, you can take the decision wisely.

I don't see a problem with selling a house for bitcoin. The rule is you should never go all in, but what is all in really? I'm all in bitcoin which means that I have all my liquid assets invested, but I'm not all in to the point that if I lost my investment I wouldn't have anything to eat or a place to live. If I lose all my btc which is very unlikely I'll just won't be able to afford a new car or to go abroad for holidays. That's the risk I can take.


You did not read his post. It's not his primary residence!

Selling the house that isn't in use to buy bitcoin is a good choice. Some used to rent the additional ones and make regular income out of it. Selling the house and buying bitcoin is a good choice if OP have got the patience to hold. If not, he could try renting the home in exchange for bitcoin. OP can receive initial deposit and regular income in the form of bitcoin.

"Abandoned house", here is your answer actually. To be honest you aren't risking anything. If it's not your living house then this isn't high risky. Leaving for nothing better sell and buy Bitcoin. If I were you then I would do the same thing. But it shouldn't hurt your lifestyle at all. Because cryptocurrency investment is always risky hence it gives you a high return. So you should have enough patience to hold till you make good money. Nothing out of risk in the space.

The house is abandoned and it will be better to put on sale so that there's money that will come to the owner of it and then eventually, it'll be on an investment which is bitcoin.
The price is low right now and I think the timing is great because he'll get more bitcoin after the sale if ever there's someone who's going to pay it directly with bitcoin.
But I think, due to paper works, he has to let it flow or receive cash first and then just use it to buy bitcoin.

You have to do your research before doing that because basically bitcoin investment is not going to get rich quick for you even though we know bitcoin has a 4 year cycle where it will be bullish again so it's still not certain to happen even though I believe bitcoin will peak again (ATH)

It doesn't matter if you want to do it and sell 1 house and then invest it all in bitcoin as long as this won't be a pressure for you in the future, prepare your mind for this and don't panic in any case including when bitcoin crashes again.
Well, everyone wants bitcoins with the investment they make, but not this way, but that's how you sell your house, you can do it.

What I know is that house values ​​grow every year (YoY) by 7-12 percent, this is consistent and stable compared to bitcoin which fluctuates greatly, you might be able to compare how the growth of house values ​​and high volatility bitcoin, you don't just get tempted because of an increase of thousands of percent but think about how you could weigh all of that.

I didn't do that even though I have two houses for example, but I have more money then that's what I have to invest in bitcoin.

There are several ways that the OP can do?
First: Sell the house with the assumption because it is not used, then build a bitcoin investment, even though the investment made will be faced with risk.
Second: Rent out the house and use the rent to invest in bitcoin.
These two patterns look good to practice, but the first option is much more innovative in terms of utilization, because if you calculate the use of rent for the house, it is not much more effective than investment. Technological developments in the utilization of money must be utilized to greater advantage, this will not be achieved if only pattern number two is used.

In the end, whatever decision the OP takes is the path of choice, this cannot be influenced by anyone, but I think investing in Bitcoin is the right choice for now.

So I am guessing that you have another House you are personally living in and also from your comment, both houses you are considering selling are actually abandoned houses.
I bought some landed properties back in 2016 and even though they have appreciated in price, it wouldn't have compared to if I had Invested them in Bitcoin back then even with the current BTC price.
The present Bitcoin price range is a good spot for investing and I would do what you are considering as long as you are not making yourself and your dependant homeless.

Don't invest what you can't lose.
If you can carry your personal life in one house then you should go for it. But if you still have any doubts about it then follow what will be the best for you.
If the abandoned house is in some good place, then you can rent it to other people for stable money. Which in my opinion is a good thing.
For BTC, we don't really know when the bull market will begin. If you trust the people saying BTC will rise again [I believe it will] then you can make some profit out of that. But no one knows how long that will take.
And it will be a one time profit as it will take much more time than this to go on a bear market again after the bull run. you have to keep that in your mind too.

Well, listen, even the thought of such a decision suggests that a person underestimates the whole situation, and this threatens with very bad consequences. It is difficult to imagine what will happen if Bitcoin continues to fall in price.

It is one of the more luxurious wallets in terms of looks, they have a partnership with Trezor. Maybe someone already has experience with using this wallet, so that might help you.

OP if you insist on selling your house to buy bitcoin as your long-term investment, then that is your full right. You are responsible for the management of your funds even if some people can advise you in a better way. I fully support your interest in bitcoin, but never blame people if in the next 5 - 10 years your investment doesn't work ^{[it will likely work].}

Even though you keep the house it will be a waste. And if you say, you want to renovate it, you will spend a lot of cash to renovate it and probably you don't have enough money to do that. But issue is technical. If it was me, I would have rented it out and use the money from the rent to buy Bitcoin, for renting it, the land and building is still your own,. And you can be making money from the rent every year and also using it to buy Bitcoin Everytime the tenants paid their rents.


But that is you personal decision, either you rent it to make money from the both sides or you sell it and use all the money to invest on Bitcoin. I prefer renting. But the final decision is yours

There you are making an assumption , that holding btc for 10 years will be extremely profitable.
You are confusing past performance with future profits, that usually ends badly.

Let say you sold that house ~1 year ago for $320000 US Dollars.
You converted that $320000 US Dollars to 5 Bitcoins.
Holding it for 1 year, your fiat value of those 5 bitcoins is only $85000.
So you lost access to $ 319915 of fiat value.
That is a very bad move.
But you are like ok, I can wait 10 years.
While you are waiting for BTC to grow to $1 million.

Scenario 1: Very Likely in less than 5 years
The US / Canada / Europe Governments all ban PoW mining and outlaw any trading of PoW coins.
Your bitcoins worth become inaccessible to you almost overnight as the price per coin plummets as all Corporate and Ultra rich investors received early warning from Political allies and cashed out. Leaving the smucks that think BTC can only go up, to get crushed, like a Tulip under a 800lb fat man.

Scenario 2:
A little paid attention to fact, is that anyone in these forums since the beginning have seen many well know users die in a 10 year time frame.
Their BTC lost, because they kept their private key secret from everyone.
Not everyone reading this post will be alive in 10 years, morbid but true.

Scenario 3:
Like many you purchased your BTC all at once and instead of testing sending a little, you just sent it all on the 1st try to an incorrect address and lost it forever.

Now is it possible you avoid all of those scenarios and cash out at $100000 per bitcoin,
sure, it is a possibility not a guarantee.

Which is why all crypto is a speculative investment.
By thinking BTC is guaranteed to increase in price in 10 years, you think it is a guaranteed reward, it is not.
It is a gamble that can pay off big or wipe out your entire investment.
If you don't respect that , it will bite you, just like that guy Sam at FTX.

Guaranteed and Speculation are two different things.  

I like this thread because it is the opposite of how it usually is. Bitcoin normally is at an ATH and then people go crazy and want to invest everything they have. Now bitcoin is low and I can actually somehow support to invest your house. Still I would never give business advice in an online forum.

Before we actually get to answer the question, let me bring up a question first here: what kind of money is suitable/qualified to invest with ?  Well, not all money you have should be used as an investment, it is only the spare money that is out of the range of buying food, paying rent/mortgage, covering daily expenses that can be used completely at your will. The questioner is somehow misleading because even the house he is going to sell will not affect his living standard after it is sold, the logic behind this investment is weird. In bear market like this, prices are going down to the toilet and noboday can gurantee any turning wind in the near future. The psychology behind this "investment" is very much alike gambling. You did not look up the different environments/situations then and now but thought the God of luck would stand by you again ? Let's say you don't care about losing the house because it is an "abandoned" house as you describe. But let's get back to the point I brough up earlier, how many people can afford losing a house to invest because a lost house value wouldn't affect their life ? So please be rational and reasonable. With all due respect, misleading statements are some traps that illure some people to make wrong choices.

If I understand you correctly.... you have two properties...and the one is empty? Well, my best advice would be to find someone to occupy your second property and to get some rent income from it. Then you pay all your expenses and whatever is left, can be used to buy some bitcoins.

There are a lot of hidden expenses in property ownership... Examples : Maintenance / Insurance / Admin fees / Municipal taxes / Utilities etc... so a property that are not generating an income to pay for the expenses... are a bad investment. (You also mentioned that the property value stayed the same for a few years, so you not even making a profit on that)

Option 2 : Sell the property... put the money into a Bank... take the interest on that amount and buy bitcoins.  (low + high risk investment into one investment) 

Taking risk is also part of the returns you will get in the future but selling your house is something you can avoid if it's your primary source of residence.Suppose you sell your house and plan to live in a rented house then you will be paying extra rent but I would suggest you start putting money into bitcoin through DCA method for long term and you will be able to get another house within few years instead of selling your current one.But still if you are interested in selling house for bitcoin calculate all the risk factors.

I don't know this wallet, it seems to a hardware wallet that is manufactured with the help of another hardware wallet company called Trezor but is not entirely their product. You can ask others in the Hardware wallets board to get better feedback on it.

As for usage and security, you should first try things out using a small amount. For example send $10 worth of bitcoin to your wallet, then try spending that amount to learn how things work. Also create a backup (assuming it gives you a seed phrase) and maybe try recovering it on an airgap system to be safe. Then you can go big.