I want sell my house for bitcoin - page 9.

Issa56

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Quote from: GideonGono on November 14, 2022, 10:27:05 AM

Other people are into crypto to buy something for their future or secure their future like house,
But there are also those who are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

I think the risk the OP is trying to take is too much, I don't think you should sell your house because you are planning to invest, I know investing in bitcoin is a very good investment but you should be prepared to hold for long term, so the OP will be homeless or rent an apartment till bitcoin gets to his target, investing in bitcoin is nice but I won't really advise the OP to sell his house. As you said always invest any amount you can afford to lose, am sure if the OP sell the house, he can't afford to lose the money. I think the OP reconsider it before selling his house.

Davidvictorson

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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?

It is a good thing that you have brought this question to the right place. I have racked my brain to see if there's anything new I can add since most of the responses that came to mind has already been given. However, I am going to add this - be mindful of the time and this season of bitcoin. As at the time of writing this bitcoin is 16k plus. Assuming you buy sell your house and buy bitcoin and it drops further or there comes along regulation and all what not, what would you do? How would you feel? My counsel is to be wise. Investing now in Bitcoin is a huge gamble and the best strategy is DCA.

redsun114

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Quote from: Jatiluhung on November 14, 2022, 07:21:07 AM

If the house is really an abandoned house (not used). then the condition of the house is likely to rot quickly. because the house that is not inhabited always becomes easily damaged. so the resale value continues to decline.
so if you want to sell it and you use all the money to buy bitcoin. then I think it's not a problem. but you must be aware and know the risks you take. because crypto assets are high-risk assets. different from a safer home or property. However, crypto assets, especially bitcoin, also offer greater potential.

But I hope you think about it carefully. with calm and logical thinking. And don't let your emotions take over the decisions you make later. and keep doing the analysis by yourself carefully and don't be in a hurry to make a decision. because I think selling a house will not be as easy as imagined. especially in times of economic crisis like today. sometimes selling a house at this time will only be bargained for cheap. hope you think about it carefully.

This is why it's important to hire a caretaker and they are the ones that will clean and do some maintenance while we are still away. That way the house will still be in good condition and its value won't decline but it will only increase. He can still repair his house first before he sells it so that buyers won't price it cheaply.

Bitcoin is actually much better to have than a house because once btc is damaged or its value goes down, it can heal on its own after some time for free but a house can't do that without the help of someone else and it's also not free. Selling a house is like selling a btc. It needs timing so that it won't be bargained by the buyers.

Flexystar

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That is a bold step mate. Investing in house is already a stressful thing considering the long debts of mortgages and unending loans. I hope that you have made the right decision to do so even if you are in the possession of two houses! In fact property could appreciate in value over the period if surroundings are developing with the time. You could also get good value out of the land itself. If those are abandoned houses then better invest money on them, refurbish them to the next level and rent them out.

Once you rent them, you can invest the monthly rent right into the bitcoin. this will do both the things: Will save your houses from selling off and you ending up with bitcoins in your wallet every month. In fact it can also give you nice ROI considering your BEP would be lower with DCA strategy.

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Quote from: GideonGono on November 14, 2022, 10:27:05 AM

Other people are into crypto to buy something for their future or secure their future like a house,
But some are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

I think ops does not have a proper understanding of the Bitcoin market and from the look of things ops is in for a short-term base since his focus is on quick profit, but risking a home for a volatile asset like Bitcoin is one of the riskiest things.
Ops need to consider so many factors and if the proper judgment is not given this could lead to depression for ops in the future especially if the price of Bitcoin did not make an uptrend movement.

Adbitco

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Personally if you think is the best thing to do then go ahead do it because is the right time. If you already sold the first time and you got 2 house after selling then is good if you then sell the 2 house again to invest in bitcoin do you believe after the dip you could get same quality of your previous house?
If yes then know something in mind it could take time for the market to recover. So my personal advise is sell only a house and investment with it maybe keep a house it should be for a landed property because I believe this is bitcoin anything is possible and you can't predict the next effects which may likely to occur time soon.

coinerer

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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 can't find the point of your story at all. And can I also understand that the story you tell has nothing to do with reality. And no one, including you, would ever sell their house and invest all that money in Bitcoin. This is a complete false story. And this whole story can be concocted to excite bitcoin lovers and get some Smerit.
I'm not entirely sure about this, but my thoughts keep pushing me this again and again . So I'm sorry for my negative thinking op Tongue

Picaflor

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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.

S A KHAIR

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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)

Selling a house to invest is quite risky, you should remember that bitcoin is a risky investment, it is not as safe as you think. So think carefully before deciding. Instead of selling that house to invest why not rent it out for the long term you also get a decent amount of money to invest in bitcoin.

bitzizzix

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Think carefully before you do this because bitcoin is not a get-rich-quick scheme and if you want to invest in bitcoins at the expense of your home or other valuables to buy bitcoins, you should study the risks you will face later.

and my advice if you have 2 houses, you can rent your 1 house for a few months or a year for payment. And this way you can invest some or all of your rent buying bitcoins on each payment and this is the same as doing DCA which I think is the best way and the house prices will increase every year and you can increase the rent on the house and you can also increase your investment and do it for the long term.

GideonGono

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Other people are into crypto to buy something for their future or secure their future like house,
But there are also those who are like this who are willing to risk so much for crypto.
We just need to remember the golden rule in investment "Invest only what you can afford to lose".

Inwestour

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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)

Only you can decide what to do in this situation, but in fact it is a very risky action, because real estate is your property and you can rent it out and make a profit, and invest the profits in bitcoin, it would be more prudent for me, in fact, I would do so. It seems that everything looks right, but you understand that every investment is a risk, anything can happen.

Sammiefly

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If you can afford to have that amount of money disappear overnight, then you can do so. When investing in bitcoin, all people think about is what happens if they make a profit and rarely consider what happens if they lose money. As I did when I bought bitcoin three years ago, I only thought I would get more, but I didn't think about losing half of my principal overnight. I was really desperate at that point.

Plaguedeath

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Since you own 2 houses it means you're at least a middle class or upper middle class person, so you're have enough money to pay bills and daily expenses. Why you're not just invest in Bitcoin with your idle money? why you should put all of your money including sold your houses to get more Bitcoin? what will you do if your prediction goes wrong and you loss 50% of your capital?

Think again, real estate is also a good investment for long term.

aylabadia05

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When someone else wants to buy a house, you think about selling one of your houses to buy Bitcoin. Good.
In my opinion, sell me your house and don't use 1% of the money from the sale for other purposes other than buying Bitcoin when the price to buy is very good.

I dare say this because you still have a house for you to live in. If only one house then there is a desire to sell to buy Bitcoin, I think that is a bad plan that is haunting you and as much as possible we will forbid you to do 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)

This is a very bad decision most especially if the house is the only home you home and your family leave there, you can't predict the price of Bitcoin in the next coming years if it will be above the present price or below it. I don't think you should put in your life savings either, but you can buy the amount you can afford to lose in case the market go against your expectations. You have to think deeply and avoid taking risks you can't bear only invest in Bitcoin or any other investments the amount you can afford to lose.

Bazzu

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a good topic, in my opinion, wanting to buy bitcoin by selling a house is a good decision, but of course we also have to know the knowledge before investing. and have to buy when the price is down.

CryptoBuds

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Quote from: drwhobox on November 14, 2022, 08:08:23 AM

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 don't like to suggest people straight on the face, but in your case, I suggest you sell that abandoned house, that house's value will not increase in time or maybe the value will fall but if you invest in bitcoin it will surely give you more in return if you just hold them. So go for it.

Selling a home means including a piece of land and that's real estate, I don't believe real estate depreciates over time. Houses may fall to ruin but land is never lost, if you think real estate has no value then I can tell you there is no property worth more than it.

Investing in bitcoin may or may not be profitable, so never give advice to anyone with certainty, especially when it comes to a risky asset such as bitcoin. The higher the profit, the higher the risk, hope OP will think carefully and make the final decision and it will not let you down later.

drwhobox

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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 don't like to suggest people straight on the face, but in your case, I suggest you sell that abandoned house, that house's value will not increase in time or maybe the value will fall but if you invest in bitcoin it will surely give you more in return if you just hold them. So go for it.

Jatiluhung

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If the house is really an abandoned house (not used). then the condition of the house is likely to rot quickly. because the house that is not inhabited always becomes easily damaged. so the resale value continues to decline.
so if you want to sell it and you use all the money to buy bitcoin. then I think it's not a problem. but you must be aware and know the risks you take. because crypto assets are high-risk assets. different from a safer home or property. However, crypto assets, especially bitcoin, also offer greater potential.

But I hope you think about it carefully. with calm and logical thinking. And don't let your emotions take over the decisions you make later. and keep doing the analysis by yourself carefully and don't be in a hurry to make a decision. because I think selling a house will not be as easy as imagined. especially in times of economic crisis like today. sometimes selling a house at this time will only be bargained for cheap. hope you think about it carefully.

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