Well you can learn for the experience of this person,
m/2022/07/02/bitcoin-family-say-they-lost-1-million-in-value-this-year.html#:~:text=In%202017%2C%20Taihuttu%2C%20his%20wife,of%20bitcoin%20was%20around%20%24900.]Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak.The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever.
Taihuttu is buying back the coin daily, as he thinks it’s bottoming out.
In 2017, Taihuttu, his wife, and three daughters liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading around $19,700.
So it means there are really risk involved if you do the crazy idea of trading your house for some Bitcoins.
Which also equate that you can either win or lose, very we all know that bitcoin is so volatile, we have the bear and then bull market.
But in any case you decided to do so, then best of luck to you!!!
You are right! Trading your house for Bitcoins is a bold idea and there are indeed risks involved. But, as they say, great rewards come with great risks. Bitcoin is known for its volatility, experiencing up and down markets, which means you can either win or lose.
If I decided to go ahead with this crazy idea. After all, sometimes you have to take risks to achieve great things. Bitcoin has revolutionary potential and can bring incredible opportunities to those who are willing to venture out.
Remember that knowledge is power.
At the end of the day, we believe in financial freedom and the pursuit of innovative opportunities.
I admire your courage, passion to have financial freedom, and of course your risk appetite.
But I hope you are well aware that if you messed this one up, you'll lose everything one time big time. If you haven't yet, you should seek first how to have your bitcoin stored safely away from unwanted mistakes and attackers, because that surely is a big amount of money.
However, I also have another suggestion, it's to keep that house of yours and find another way where you can buy bitcoin. A land and a house is as good as bitcoin since it's value is appreciative over time, the huge difference is, your house and your land is way more secure investment than bitcoin.
Best of luck to your investment plans.