I'm Selling My House to Buy Litecoin - page 2.

kryptqnick

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Quote from: Zadicar on April 18, 2017, 10:45:32 PM

Quote from: pereira4 on April 06, 2017, 12:29:52 PM

Litecoin holding nicely above 0.01! What will be next? Slow rise before breakout? Slow rise before we go lower again?

Buy now or wait for dip?

I want to buy more but im not sure if it will go lower.

This is the hardest part which we wont know if this time would be the best time to sell ltc. We wont know if it wont dip again or having a breakout this time.We should be observant on the price movements together with the news. Putting or risking everything on ltc would really be risky.

I think it doesn't matter much. 10 dollars for 1 coin is still cheap. Litecoin will cost a lot more in a few years anyway, since this coin is easy to use, inflation-resistent and it is fast to proceed transactions. So, I think now is still good time to buy. Imagine that in a couple of months ltc becomes worth $8. If you bought 10 coins, this will mean that you lost $20 dollars. But then it will reach $100 per coin and you'll still win big time.

SimmonenY

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Come on, guys, he won't sell his house. If he does, he's either stupid or crazy.

aoluain

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All depends on how his trading goes and whether he gets out at the right time.
Actually that goes for all trading really.
Thede are big gains to be made with big funds on small movements, but yes it is risky

gribble

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Quote from: cissrawk on April 18, 2017, 11:07:35 PM

Oh my god what a big risk. If litecoin price will be up, he will become rich but if litecoin price is going down again, i dont know what will happen to him lol... Maybe he will keep it until litecoin price is raise up again.

Yes all of digital currencies are huge risk losing money not litecoin only, but if he can calculate
about the risk losing money in litecoin, selling the house to buy litecoin should be not become problem to him,
but if he doesn't calculate the risk it will becomes catasthrope for him and all of his family.

ubercool

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Quote from: crypticj on April 18, 2017, 11:11:17 PM

Quote from: cissrawk on April 18, 2017, 11:07:35 PM

Oh my god what a big risk. If litecoin price will be up, he will become rich but if litecoin price is going down again, i dont know what will happen to him lol... Maybe he will keep it until litecoin price is raise up again.

Did he ever pull the trigger ? i mean sold his house to buy litecoin?

Nope and it will be a very foolish idea to sell his home and buy LTC. Land and houses are the best investment in most of the country's and by looking at the video, i guess he lives in USA and selling that is very much foolish.

Spoetnik

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FUD Philanthropist™

I am auctioning off my daughters virginity for Litecoins.. any takers ?

She's good to go.. she had her blood !

crypticj

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Quote from: cissrawk on April 18, 2017, 11:07:35 PM

Oh my god what a big risk. If litecoin price will be up, he will become rich but if litecoin price is going down again, i dont know what will happen to him lol... Maybe he will keep it until litecoin price is raise up again.

Did he ever pull the trigger ? i mean sold his house to buy litecoin?

cissrawk

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Oh my god what a big risk. If litecoin price will be up, he will become rich but if litecoin price is going down again, i dont know what will happen to him lol... Maybe he will keep it until litecoin price is raise up again.

Alex1702

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Quote from: radjie on April 18, 2017, 10:59:40 PM

A very brave decision to sell the house only to buy litecoin. but it sounded amazing you dare to risk a very daunting in the lead. But indeed with a strong sense of your belief that I think you should in brandishing the thumb to do it, it is very uncommon to hear people doing it and it happened to you. We wish you success and do not feel a loss with what you do.

This is just pure gambling. It's almost the same thing if he sold his house and went all in on a dice casino. Selling your house for Litecoin is a stupid idea, in my opinion. It went good for him, but maybe others did the same and became homeless. When a decision means risking your life itself, you better not take it.

radjie

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A very brave decision to sell the house only to buy litecoin. but it sounded amazing you dare to risk a very daunting in the lead. But indeed with a strong sense of your belief that I think you should in brandishing the thumb to do it, it is very uncommon to hear people doing it and it happened to you. We wish you success and do not feel a loss with what you do.

hermanhs09

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Quote from: emdje on April 06, 2017, 05:55:21 AM

O man this is such a bad idea Huh

. Only invest capital that you can lose. It's such a bad idea to bet (because it is still betting) your house to buy crypto.

That's so true.

Litecoin is very risky to invest in. There is a very big chance that after this pump there will be a dump very very soon coming up. Or there may be another big pump, but there will eventually be a dump.

Quote from: s1gs3gv on April 18, 2017, 09:27:21 PM

Like many a litecoin trader said: "Buy high, sell low"

Yep, and right now it's high

I would wait for the dip to buy.

cafucafucafu

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Quote from: thejaytiesto on April 03, 2017, 05:11:38 PM

https://www.youtube.com/watch?v=5v5y3icu6YY

This is pretty amazing. This guy somehow nailed it and is now 200% up at least. He somehow saw how the simplicity of Litecoin would be it's killer app. Im not sure if he is aware of segwit and he predicted how segwit would fail for Bitcoin and Litecoin had higher chances at getting it activated and moving a lot of capital there, but in any case, this man went all in and he's now making some killer gains.

Yeah I think it is awesome that someone would sell their house for cryptocurrencies.

This proves really their belief in cryptocurrencies.

However personally I would have definitely sold my house if I had the opportunity to buy bitcoin instead of litecoin.

Obviously though he has made a very good profit for himself. So he can't complain about the deal

Right now litecoin is up big time, I would take the profits right now, or at least half of the litecoins sold for bitcoins.

Zadicar

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Quote from: pereira4 on April 06, 2017, 12:29:52 PM

Litecoin holding nicely above 0.01! What will be next? Slow rise before breakout? Slow rise before we go lower again?

Buy now or wait for dip?

I want to buy more but im not sure if it will go lower.

This is the hardest part which we wont know if this time would be the best time to sell ltc. We wont know if it wont dip again or having a breakout this time.We should be observant on the price movements together with the news. Putting or risking everything on ltc would really be risky.

s1gs3gv

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ex uno plures

Like many a litecoin trader said: "Buy high, sell low"

pereira4

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Litecoin holding nicely above 0.01! What will be next? Slow rise before breakout? Slow rise before we go lower again?

Buy now or wait for dip?

I want to buy more but im not sure if it will go lower.

robelneo

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Activity: 3416

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Yes trading altcoin is the new lottery,you can hit the jackpot if you bet the right coin to invest,same thing happen to that guy now he can buy a better house than he previously owned but I don't recommend that you also do the same because it's still risky to do it.

Zadicar

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Selling your house or go all in on Litecoin would be really a risky move for you and yes that guy earn massive killer gains as of now because he made the right decision but what if the situation would go on opposite way?For sure he would definitely cry out and also if you sell your house and wait for profits and litecoin move on next 2 years then you dont have a house for 1 year. hahaha

aoluain

legendary

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I think a lot of people feel like doing what the OP
wants to do but we all get a sharp reality check.

DoublerHunter

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I don't agree with this idea. If you are trying to collect some funds just to buy litecoin then there is a lot of things to do and there still a lot of option to choose. You don't need to sell your house just to buy something with no assurance. If you want to buy a bunch of litecoins then work for it from your job and use your salary to buy LTCs not your house to buy instantly.

emdje

hero member

Activity: 686

Merit: 500

O man this is such a bad idea Huh

. Only invest capital that you can lose. It's such a bad idea to bet (because it is still betting) your house to buy crypto.

Topic: I'm Selling My House to Buy Litecoin - page 2. (Read 6345 times)