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Topic: Sell your house for investment in btc. - page 93. (Read 9171 times)

full member
Activity: 280
Merit: 120
December 08, 2017, 11:57:08 AM
1,5 years ago I bought an apartment and started doing repairs. When I almost did the repairs, I learned about bitcoin. Then there was a big desire to sell the apartment and invest everything in "digital gold", but then I thought about the risk management and invested something that I do not mind losing.
 
basically, I do not regret  Wink
newbie
Activity: 32
Merit: 0
December 08, 2017, 11:03:23 AM
Selling your house for investment in bitcoin is very risky.That is a desperate move. Better to loan it on a bank, atleast you can take it back if you earn on your investment.
sr. member
Activity: 1078
Merit: 256
December 08, 2017, 11:01:35 AM
If I can turned back time, then I can say that I will be willing to do that, most of us didn't know that this year bitcoin will really pumped like this, if another opportunity will happen to me and I can go back definitely I will go all in to this investment.
hero member
Activity: 994
Merit: 544
December 08, 2017, 11:01:06 AM
Nope, i wouldn't sell my house for btc.Don't get me wrong but i think that every business is an adventure and its not a sure thing if your investment will be successful or not, im not willing to gamble with my house for me to invest it in btc. I could sell other stuff but never my house.
 

Same here.  I would not risk that much for bitcoin unless I have one more house, then I can sell the other.  But I have read people who done that.  Risk everything and live a life of frugality.  They seems happy and contented.  And looking to what is the current price of bitcoin, we can say that the risk they took is really worth it.
full member
Activity: 186
Merit: 100
December 08, 2017, 10:59:47 AM
I think the sale of the house to invest in bitcoin is very risky, I will not do so. If after a while, the price of bitcoin drops or the government bans bitcoin, you lose everything.
newbie
Activity: 28
Merit: 0
December 08, 2017, 10:55:53 AM
Nope, i wouldn't sell my house for btc.Don't get me wrong but i think that every business is an adventure and its not a sure thing if your investment will be successful or not, im not willing to gamble with my house for me to invest it in btc. I could sell other stuff but never my house.
 
legendary
Activity: 3374
Merit: 1824
December 08, 2017, 10:47:02 AM
I will never do such thing!
Yes, bitcoin is great thing and can really change our lives.
Bitcoin have potential to jump to the moon but who can predict the future?
What may happen in next 5 or 10 years?
It's much better strategy to find free ways to earn bitcoin or to invest only money you can afford to loose.
I don't recommend to sacrifice home or all money for bitcoin.
sr. member
Activity: 658
Merit: 250
December 08, 2017, 10:42:46 AM
This is the wrong decision for that person who have only one house to live for whole life and can not afford for new house in the future, because bitcoin may give the huge reward with that investment in future but there not full guarantee to secure the money of investing and this wrong decision can destroy your life and also it may become the millionaire of future.

Definitely you're right. It is not a good idea to sell your house just to invest in bitcoin. It is very risky. House is very important because it is a place where we can be protected by the outside forces. They should not sacrifice their shelter for bitcoin because if they do, they don't know what will happen to them. Maybe it is okay if they have lots of houses, but if they only have one house, it should not be done.
full member
Activity: 630
Merit: 100
December 08, 2017, 10:22:09 AM
This is the wrong decision for that person who have only one house to live for whole life and can not afford for new house in the future, because bitcoin may give the huge reward with that investment in future but there not full guarantee to secure the money of investing and this wrong decision can destroy your life and also it may become the millionaire of future.
full member
Activity: 316
Merit: 100
December 08, 2017, 10:07:00 AM
LOL you're too lousy with bitcoin, do not be desperate like that. Better to sell a motorcycle or car that you rarely use. That's more realistic.
member
Activity: 132
Merit: 11
Streamity Decentralized cryptocurrency exchange
December 08, 2017, 09:49:57 AM
The primary rule in investment is dont invest what you cannot loose, selling youre house for bitcoin investment is probably too much which I would not suggest. Remember that this is an investment and not a gamble.
full member
Activity: 606
Merit: 108
December 08, 2017, 09:48:50 AM
Why sell house, there are many ways without having to sell the house. One of them borrowed funds to the bank, this is the easiest and will not lose your house for nya.iya even if it is sold, will definitely return to buy a new home from the sale of bitcoin.
member
Activity: 532
Merit: 17
December 08, 2017, 09:27:03 AM
yeah, if you know that the price of bitcoin will rocketing, its okay.
but what if the price of bitcoin go down after you sell your house and buy bitcoin?  Grin Grin
full member
Activity: 157
Merit: 100
December 08, 2017, 09:20:42 AM
Sell your house for a slow, and expensiveto use crypto currnency? No way

There are alts I'd sooner buy with money from a house sale
hero member
Activity: 2590
Merit: 644
December 08, 2017, 09:18:20 AM
I don't think that it is a good idea to just sell our houses in order to afford investment in bitcoin because it is not the best way to invest in bitcoin or to get some bitcoin because the best thing to do is to just accumulate it slowly and only put the money that we can afford to lose and not like that you will sacrifice some of your stuffs.
sr. member
Activity: 574
Merit: 250
December 08, 2017, 07:59:28 AM
The risk is large and not encouraging I will rather say save money to invest and not selling out what you have from your hard earnings.Be wise invest what you can afford to lose.
FRJ
member
Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
December 08, 2017, 07:49:29 AM
I think it'll be a foolish work!!We can buy bitcoin,hold them and after a certain time,we can sell them and get a huge profit.But I personally think that,we should trade or work with bitcoin without being greedy.Cause,greed may bring you a great disaster.

Ofcorse,there is almost no chance of lose through bitcoin.But you shouldn't sell everything only to a profit by bitcoin.I'll suggest you,buy some bitcoin,hold them and I hope till the next year,you will get a huge profit.
member
Activity: 182
Merit: 20
December 06, 2017, 12:40:39 PM
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.
. Funny I have a rental property and the first time I doubled my moneys I actually thought the same thing, selling the rental and putting it in Bitcoin. Crazy, luckily I stopped myself but I have read of people selling everything they own and putting it in Bitcoin. I'm just to worried about diversifying, anything can happen in any one sector
full member
Activity: 151
Merit: 100
December 06, 2017, 12:24:58 PM
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 can never take this risk, and I think 99.9999% of the people can't take this risk too. Instead of this, you can sell the bigger house and buy a smaller house. And then you can invest the money you saved after buying the small house.
member
Activity: 122
Merit: 14
December 06, 2017, 12:20:15 PM
No never it is very risky if you have three or four houses it dosent matter but you have only one or two house never done this try to earn some money with your talent and invest in btc .it will not give you any presuure or risk
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