I want sell my house for bitcoin - page 8.

Xampeuu

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Quote from: Oasisman on November 14, 2022, 10:51:40 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)

Several things to consider, because a house and a lot is a much safer investment and I don't believe it's value will decrease nor stagnate in a long term perspective.
You actually have a lot of options for an abandoned house.
Offer it for lease.
Though investing to Bitcoin ain't a bad idea, but the fact that this asset is very volatile, you might freak out when you see Bitcoin drops below $10k or $5k. But, If you have a huge risk appetite, then go for it, considering you don't necessarily need this property anymore.

in this case he has 2 houses. I think it's good or not depending on the individual characteristics of each. if everyday life doesn't depend on the house to be sold, I don't think it's a problem, so we assume we can wait for bitcoin in the long term, but if we expect returns in the short term, I don't think we should do it, because no one knows when bullish will arrive

Oasisman

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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)

Several things to consider, because a house and a lot is a much safer investment and I don't believe it's value will decrease nor stagnate in a long term perspective.
You actually have a lot of options for an abandoned house.
Offer it for lease.
Though investing to Bitcoin ain't a bad idea, but the fact that this asset is very volatile, you might freak out when you see Bitcoin drops below $10k or $5k. But, If you have a huge risk appetite, then go for it, considering you don't necessarily need this property anymore.

kotajikikox

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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)

are you seriously asking this? you clearly say that it is an abandoned house so you have nothing to lose here , what is the purpose of keeping them if it is already abandoned?

Go sell them ad Buy bitcoin, since you seems to be updated to what is bitcoin doing here and what can bring you so best to sell your houses and buy crypto instead, in another 2-4 years the price might increase high than waiting for nothing.

bittraffic

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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)

Those are abandoned houses, there must be reasons for it. If these houses are becoming a liability for you why not sell them?
You are very lucky to have lots of houses actually, not everyone has the luxury of owning multiple houses. So hell yes sell it and be one of those who have brave souls diving deeper.

You have got to make it worth it because losing your BTC is like selling the houses for nothing. Thinking of buying them back after profitting?

.

xSkylarx

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Quote from: Cookdata on November 14, 2022, 04:56:26 PM

If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

This kind of laziness can lead to huge profits. You really have a point when you say maintenance is a problem, and if the renter keeps breaking things then that's a huge problem. Though most people prefer to rent the home since they can get money on a monthly basis, I think it is more profitable to hold a bitcoin than to rent it in the long run.

len01

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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)

Think of all the risks before you start anything.

indeed investing in bitcoin for the long term is one of the best ways to invest. but I suggest not to be hasty selling a house to invest in bitcoin. indeed what you are selling is an abandoned house, but it would be better if you invest in bitcoin using cold money or money that is not used in your daily life.
you need to remember that crypto prices (including bitcoin) have a volatile nature that is very difficult to predict and carries a lot of risks. so if one day you sell your house for the sake of investing in bitcoin and experience something you don't want, of course you can be disappointed and depressed because you lost your money.

so my advice consider everything. If indeed you already have a strong will and are ready to accept all the risks that you have to accept, then do it

Strongkored

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@Pempek Kapal Selam I thought you will never come back to say something about all suggestions
I understand that selling a house is not easy it takes time and it is very possible when your house is sold there will be a change in the price of btc, never wait for the price to drop or think about buying it when the price is cheap because the price of BTC changes very quickly and stays on target because you are a long term investment then buy immediately.

Pempek Kapal Selam

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Quote from: pooya87 on November 13, 2022, 11:16:36 PM

Can you accept the fact that you may need to wait for a year or two to see profit?

Also you should educate yourself about storing bitcoins correctly in a cold storage so that you don't just lose all that money to a hack or malware or something like that!

Yes, I have be patient to get profit, I don't care how long it takes, 5 or more than 15 years I will accept it. I just looking how to keep it on between years, I already bought Corazon Stealth Titanium wallet and already prepare to sell my secondary house (abandoned house), but I still not sure my wallet is safe to keep my long investment.

Quote from: Strongkored on November 13, 2022, 11:44:57 PM

I'm more curious how much Bitcoin you can buy with the proceeds from the sale of your second home?

If the bitcoin price between 16-17K, probably I will receive ±1BTC.

Quote from: kawetsriyanto on November 14, 2022, 05:55:43 PM

However, if I were you, I won't use all the money to buy Bitcoin. I only use half for buying Bitcoin, while the rest for relatively safer investments such as gold or land.

I don't want to buy gold because gold it's not an investment. gold is retains value, does not increase your asset value in future.

Quote from: Cookdata on November 14, 2022, 04:56:26 PM

If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income.

No, I won't rented my house because maintenance is very huge than If I hold BTC in 10 years.
I also lazy to collect the rent each month.

taufik123

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If you believe in bitcoin and want to invest long-term, it doesn't matter as long as it's your own house and an empty house that you don't live in.

But you also have to think about the risks that can occur in bitcoin. You really have to be confident and not be a loser by dumping bitcoin cheaply when it starts to drop.

1 house that you sell might be able to buy 2 or 4 houses at once when bitcoin is starting to be bullish. long-term benefits are indeed very tempting. and right now is almost the same decline as in 2018.

If you buy bitcoin now and sell at the latest ATH maybe at $100k, you will get a lot of profit. But remember, don't change your strategy, hold on and sell at the new ATH.

kawetsriyanto

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Considering you have 2 houses, selling your abandoned house is okay.
However, if I were you, I won't use all the money to buy Bitcoin. I only use half for buying Bitcoin, while the rest for relatively safer investments such as gold or land. I think diversifying assets is always a better option because no guarantee for profits on Bitcoin, it is also a high-risk investment. Another consideration, sometimes we need urgent money, we can't rely on Bitcoin to sell at any time. Bitcoin is for a long-term holding, the price doesn't always increase, it may drop to a lower price in the next few months. We only can expect to sell Bitcoin in the next bullrun, unfortunately we don't know when the next bullrun really happens. It may be in 2024, 2025, or afterward.

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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)

Selling house to invest in bitcoin is fine instead of being empty without occupants, but only if you own more than one house. You can even sell used motorbikes, used cars, used cell phones, or other used items to invest in bitcoin if all that doesn't make you miserable.

I think it's one of the most brilliant ideas I've ever heard because it seems you have a good calculation of the return you might get from investing in bitcoin. You may need to weigh the risks instead of just the profit. Bitcoin can be lost because of your mistakes, but you don't lose your house just because the price doesn't increase year after year.

Cookdata

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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 cannot compare the way bitcoin grows to the way a house thrives, houses are not deflationary in the way bitcoin is created. If you had rented it out, you would have earned money from people as well as profits by selling rather than keeping it vacant with no passive income. If you can't let it out to people, sell it when the price of bitcoin falls, that will be a great time to take a lower risk. You will always have peace of mind that bitcoin will go to zero, even though that is unlikely because it has never happened before and it will likely not, the more bitcoin goes down, the more interested investors jump in.

pixie85

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Do it and have no regrets. In this world you either push forward and take a risk or be that average person who struggles to pay the bills.

I'm not saying take a risk and become a drug dealer or rob a bank but putting some money in bitcoin or in your case an old house that you don't live in is a great idea.

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

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.

People in Ukraine might have something to say about the safety of real estate Wink

Smartvirus

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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.

I think Maidak have got the right idea to it. Bitcoin might be a fine investment and you might be doing yourself a solid by taking up a Bitcoin investment but you must understand that what your doing is a high stake risk. You might win or lose. Not all to have come into this crypto industry have left with profit. Just enough people also have made others rich and in turn, they became the more broke.
Why, thy couldn't hold on, others invested in shit coins but in your case, it seems different as you are picking a Bitcoin investment but, having to sell an asset of value like the real estate, it doesn't seem like the best of ideas for me. I won't advice it!

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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)

Given that you have 2 houses and the one that you are selling is the one that is abandoned, I think it is a smart move since as you said it doesn't appreciate and you have to pay yearly tax for that. Selling it and investing it in Bitcoin would be a good idea because we all know that Bitcoin will possibly go up in value in a year or two. Just make sure that you won't be shaken if the price of BTC crashed after you sell your house and buy BTC.

JoyMarsha

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You have 3 houses and you sold 1 of the house in 2018, and you want to repeat the same thing this year by selling one of your houses, which you'll now have 1 house at the end. In all this, why don't you lease your presumed house out for some time(depending on how long you want) and use the amount from your leased house to invest in bitcoin? That's a suggestion. If you are to take this move, you are using a stone to kill two birds(invested in bitcoin and still have your house under your control).

There'll still be other bearish and bull run coming up. Will you sell your remaining house by 2025? Since you are in the character of selling your house each bearish season.

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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)

Since you are selling your second house that you are not using this is not a move that is as risky as some other major movements we have seen by other members of the forum, it seems that you want to sell when the market goes up 200% so you can get 3 houses out of your investment and this is a realistic goal, just make sure that you can hold your coins for the long term as it is easy to think you can endure the bear market, but once you have to do it many people are unable to do it.

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Quote from: Davidvictorson on November 14, 2022, 01:54:43 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?

My counsel is to be wise. Investing now in Bitcoin is a huge gamble and the best strategy is DCA.

While it is a good thought to have considered selling your house, it is important to have firstly weighed the pros and cons of investing in crypto asset. The market these days has experienced a downturn in rate and although bitcoin has been projected to hit a 20k market cap before the year ends, I highly doubt it is right to invest all monies in acquiring any crypto asset. However, as rightly put the strategy one should employ in investing with huge cash is numerous but mostly, DCA stands out as a recommended approach.

DCA refers to consistently investing a small, fixed amount of money, which over time may yield better results, while saving you time and your nerves.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://crypto.com/university/how-does-dollar-cost-averaging-work&ved=2ahUKEwjQ18KJtq77AhXI_7sIHemSDq0QFnoECBgQBQ&usg=AOvVaw3NYHuvZTjX3SGaaWtGcYOG

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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)

As long as you won't be needing the money anytime soon then it's fine by me.
And always remember to invest money you can afford to lose. Selling your house to buy Bitcoin isn't a bad idea if only you've other alternative for shelter then no issue. Never make the mistake of selling your asset to buy Bitcoin just in the hope that you might make some cool profit in a short time, if you do you might end up being disappointed. Bitcoin isn't a "quick money scheme" only those who are ready to hodl for a long time will make the most of it.

So make sure to think it through before you make any decision.

coolcoinz

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Quote from: Picaflor on November 14, 2022, 10:42:33 AM

The benefit of renting it out is that it would be easier to DCA into BTC.

If you sell it, you'll end up with a pile of fiat that's hard to sit on and DCA out of. It will be tempting to put it all into BTC in one go. If I do that (which I may have to), I'll try and stick to a DCA strategy, e.g. divide the proceeds into 12 chunks and DCA monthly over the course of a year.

I don't see a problem with dividing a million dollars into 10x 100k and doing DCA with these small parts like putting in 100k now and if it goes down another 100k and so on. Given that it explodes in January and you find yourself with only 100k in, just stay out with the rest and wait it out. Worst case scenario in OP's case. bitcoin either goes to a new high and he'll have only 6 bitcoins and best case scenario it keeps going down for another 6-12 months and ends up with over 100 bitcoins and then the bull market begins.

Topic: I want sell my house for bitcoin - page 8. (Read 3317 times)