Sell your house for investment in btc. - page 72.

Sithara007

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Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

Your numbers don't add up. You are buying coins worth $259,900 and selling them for $498,198.

Here, the profit before taxes adds up to $238,298

Short term capital gains tax in the United States is 39.6%. That amounts to $94,366.

That leaves you with $143,932.

Or do you don't know how to sum and multiply?

shadowdio

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Zawardo

Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

lol I don't want to sell my house for bitcoin, you know bitcoin is very risky you might lose your bitcoin and can you survive only 2 months in the street for bitcoin? what if its not increase anymore are you willing to hold your bitcoin? selling your house is bad idea to invest you should have a job then you invest in bitcoin from your salary.

Indiansummer

newbie

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Somebody in the Netherlands already sold his house to invest in crypto, he got 85 bitcoins for it in september 2017 and is currently living with his family on a campground.

ferdaus

full member

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It's very bad idea. Why the price of BTC may decrease or increase at any time. It may be that the BTC price you bought with the sale of your home is so low that you do not want to sell it again because of fear of loss. Then it will be difficult to keep your life alive.

umbara ardian

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what do you think? this is an unreasonable idea. bitcoin is not a guarantee if you will earn a profit within 2 months. there is no certainty in all that.

mriansa

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Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

it is not very necessary as it is very exaggerated, if we really do not have capital for trading we can participate and follow ICO campaign program to get additional cost for trading capital.

jdeanne92

member

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That would be rediculous. Im not going for that plan. A house would be a very important thing for a person to have. You would like a beggar if you have no house.

GreenBits

legendary

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Quote from: crzy on December 05, 2017, 02:30:55 AM

Since I don't own any properties, I will not do this. Why do you need to do this ? why not focus more on getting money without sacrificing all your memories with your house. Yes bitcoin is really profitable but doing this is not an Ideal thing, save money then invest on bitcoin later on.

LOL, to hell with a memory. New ones can be purchased Grin

This a bold but rewarding strategy. Rather than sell the house, think I would take the equity out and gamble with that. essentially, you dont have a crystal ball; if your asset suddenly goes south, you have the very real danger of losing the original quarter million dollar plus asset, which would set you back a decade. dont ever take this much risk, esp with a family. get a loan against the house, and go in partially, so if you do mess up, you arent instantly destitute/underwater.

but man, if this worked, you just made a free house + an additional houses worth of money. thats a hell of a payoff, and worth living in a rental for a few years IMO

Nevis

hero member

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It's a very bad idea. Selling your house for profits that you are not sure to get? I will never risk it. I would rather sit in my home and relax while doing all Bitcoin stuff and working hard to grow my money. As long as you are good, I think it's better to earn money in the safest way possible. Bitcoin is still not stable. Right now, it is depending on the market demands and supply and its userbase. I think, for a very unstable currency, risking your house would really be a bad idea.

lucifer2

newbie

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before investing notice the risks.

do research before investing so losses can be minimized losses..

and you know price bitcoin up up up down up up down down up up up down up down and up again.

BlackPanda

legendary

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As a way to get capital then there is no harm. But when we sell our own house then it is a crazy act, home is a reflection of our lives. When we sell the house then everything in my opinion is over. I will not impose the will and will not do so any condition of the current digital currency. Everything can be done in another way, search and think because you can definitely get another way that much better.

bakujo0817

member

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WOW! this is crazy idea to sell house for btc its a big risk no doubt you can earn in investing in bitcoin but it takes time,patience and how you handle situation in up and down in bitcoin for risking your house for btc you dont what might happen u can lose your house for that just think other way to earn btc even takes long way as long as you profit thats ok.

DenkoViewly

newbie

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That is a too much of a risk to take, selling your own house and being homeless. I would never advise anyone to do that. Find other ways to get some money, plus being homeless could get you into more problems even health related ones.

Cloak1

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No way. I will never sell my house just for investing in bitcoin. I don't want to take the risk. If you're lucky, you might get more profit. But what about if the bitcoin price goes down and it will be very long to go up again? Can you imagine what will you be? Of course you will be a homeless, no more home and no money.

virendarnagpal

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There are three basic needs of human being. First and topmost is food; second is shelter; third one is clothing. Why one earns just to fill his above mentioned three basic requirements. Without food no one can survive for more than 6 to 10 days or few more days. Without shelter / house his life will be very difficult.
We earn money to make our life easy and comfortable and we invest only after meeting these basic requirements. I think that idea of selling one's shelter(house) to invest in some attractive item is not much prudent decision. Today he is selling his house the other may say why not stop eating and just invest for expectation of returns.
I am not against investments; but it should be done only after meeting above needs. So no need to sell house. Just work hard; earn more; and then save in bitcoins.

Eugenar

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Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

That's too risky. Selling your house just for the sake on an investment or any investment not only in crypto, will be too risky. Especially in Bitcoin which is volatile in nature. Its market value is changing from time to time. Its market price oftenly falls so the profit will not always be high which has a tendency of losing money including the capital from your house which will be sold. So you better think of it.

Eclipse2021

member

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This is super bad ideea right now. If you have think at this 3 years ago yea , right now you were leaving in a castle. Never invest what you can't afford to loose , it's a daily reminder. Us , the newbies and je.members we are just at the beggining of the road so heads up.

novaprime

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UniDApp - it's DeFi time!

Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

This is very dangerous because we can not predict Bitcoin prices in the future. For me this is a risky investment, but if the Bitcoin price increases, then you will certainly have a huge profit and can buy 2 more houses

niemsarkar

newbie

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Its fully depend on you because if you don't have enough money to buy bitcoin you should sell your house for arrange money.

Seaze007

member

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Quote from: TonyMark on December 05, 2017, 02:26:51 AM

Just imagine selling your $259,900 house for 43BTC and 2 Months in street.

and after just 2 months sell 43BTC for $498198.

Again buying the previous also you will be in profit of $472298.

would you try this technique.

I think I dont sell any of my property to invest bitcoin, because we dont need to invest or need to gamble using our property. Because that the one that we invest for our future.

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