That is good and all, but my balls are not big enough for something like this. Not to mention I do not really aspire to be rich. All I want is financial security, for which that kind of risk is overkill.
Well you need to risk something to get something. If you don't risk your money then there would be any financial security to talk about. Probably if you are earning a good living then that is possible, but if you don't then probably bitcoins are still a good investment. I do think there is a good chance that McAfee's prediction will come true, since he even had the biggest balls to predict that by 2020 it would be 1,000,000. We will know by 2020 whether McAfee does have big balls though, if you know what I mean. 
Topic: Sell your house for investment in btc. - page 98. (Read 9168 times)
would you try this technique.
Nah, too much risk. What if the price went the other direction? You'd be out in the street? Is that worth taking a flyer on Bitcoin? Not for me.
A safer play is betting a healthy portion of your wealth, but making sure you've got an out, enough stash left over to make another play if the first one falls apart on you.
Risking your own home or property is too much, even if there was the chance of earning huge profits. Having a house, or property as an asset is important and I wouldn't want to go homeless or bankrupt just for profit - no matter how big it may be. Some don't even have houses for themselves and it would just be plain greedy to go through such extent just for money.
If I had extra money, then I'd take the risk even just for the heck of it. I wouldn't risk something that I couldn't afford to lose.
That is a very bad decision to do mate. Why do you sacrifice so much if you can find a way not to spend money to earn big profit. Even top investor will never do such a thing.
That is good and all, but my balls are not big enough for something like this. Not to mention I do not really aspire to be rich. All I want is financial security, for which that kind of risk is overkill.
Bitcoin's reasonable worth is in reality getting more costly so putting into it will respect benefit. Be that as it may, clearly, it isn't important to offer your home in return for speculation. Likewise, bitcoin is decentralized so there is a hazard with respect to your riches since it isn't under the specialist of any legislature. Much better in the event that you will contribute a cash from your pay or abundance cash.
How would you react seeing BTC suffer from a correction and dropping in value just as it did when the price dropped $2500 from $11250 to $8750.
What will happen if you sell the amount in panic and lose your stakes about 25% . I know Bitcoin would recover the price but why would a person take such a big risk of losing his house when we know how risky it is investing in BTC. I don't think anybody would sell his house to buy BTC when he knows it could be stolen from wallet and never be recovered.
Don't you worry it is just a theory, plus I know how volatile is the price of Bitcoin. What will happen if you sell the amount in panic and lose your stakes about 25% . I know Bitcoin would recover the price but why would a person take such a big risk of losing his house when we know how risky it is investing in BTC. I don't think anybody would sell his house to buy BTC when he knows it could be stolen from wallet and never be recovered.
Get bit or die trying... if you're willing to take the risk, go for it.
Personally? Owning a house is a massive achievement, I'd cherish it.
Personally? Owning a house is a massive achievement, I'd cherish it.
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.
Not a good idea, why sacrifice something we already have. Investing is a promising advantage, but keep in mind that investing is also very risky. not recommended to sell something (property). because it is very risky. because in my opinion, this is not gambling. 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.
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.
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 approach is actually gambling, and gambling is a game of risk. But hey! to become successful, one have to be a risk taker. In this case scenario, i will not venture into such, when it is the only property i have, but if there were to be other properties, i would take such risk.
Investments or subject to market risk. What ever the strategy you keep if market sentiments go wrong that time the down trend will be there and the invested amount will go in reverse swing so it is not advisable to sell the property and invest in bitcoin. Better what is in your hand plan on it and make additional income from it.
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 sounding quite mouth watering in theory, but in practice and especially in the Bitcoin market, the volatility might drive you insane before the dream is realized because such investment belongs to the category of investments you cannot afford to lose. It's an investment I would rather not recommend to anyone much as I encourage investments in Bitcoin. Btw, what happened to other ways of raising funds like securing a day job and moving on from there? 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 have no valuable house. But I invested all my cash into bitcoin (I had about 15 000 usd). Now my capital is 4 BTC and about 50 ETH.
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.
Dangerous, it could easily go down and you would end up having to take your family into a 1 bedroom flat, there was a story where a man did sell his house and all his kids toys and him and his family were going to stay in a tent after putting everything into bitcoin, this happened a few months ago, I think now that man must be very very happy, I will need to find the story and see if there was any update. 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'm too careful to risk that.. Yes, it is possible to earn a lot of money, but it didn't fit me. There is always a chance to lose money, and still need strong nerves.
You're crazy dude,, i think nobody will do that.. it would be funny story eventhough it happened and you get profit to buy a house again.
if you have another way,, better dont sell your house,, because if you lost all your funds,, you will regret it and maybe you will sell yourself then..
if you have another way,, better dont sell your house,, because if you lost all your funds,, you will regret it and maybe you will sell yourself then..
Being greed is the human nature, but it is not advisable to sell your house for investment in bitcoin. I agree with the point that with in a month or two or few months more we will get double of the amount what we are have invested in bitcoin. Investment in my opinion is what ever you have surplus or saved money to give you additional revenue to from the investment.
For now? no I don't want. Bitcoin price is too expensive now, who can guarantee the price will not fall?
If I sell my house now to buy bitcoin, I'm not sure the price will not going down. In fact I have only one house, not 2 or 3. I don't want to sacrifice my family just because of this thing.
If I sell my house now to buy bitcoin, I'm not sure the price will not going down. In fact I have only one house, not 2 or 3. I don't want to sacrifice my family just because of this thing.
I would try this technique if I own lots of houses or properties and invest in bitcoin but sad to say I still am saving to buy me my very own house and lot so I can't try this technique yet. But I've read there are some who did try this though, I'm not sure how they are living now but you also have to take it into consideration that if ever you sell your house for investment and live on the streets for 2 months like OP had said, question is where do you get your money for food and shelter; and oh another thing to consider too is how will access your wallets and check your investment too?
Its quite pretty seeing those figure and for the records it really happens that after two months the value of bitcoin go higher and almost doubled but risking your home is not a good idea for me because even if the value of bitcoib is so much high now it is still unpredictable and anytime we can experience sudden drop in price which will make you lose every investment you made. I still suggest the best way that is investing what you can afford to lose
This is a dangerous decision. Unless you have a house that you have, there's another house left unused. Then you can try. In addition, a house should be the property of the family, and I think it needs to be decided by the whole family.
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