Topic: Should I sell house to buy bitcoin if it drops below $ 5000? - page 10. (Read 1163 times)
You do realize you can stay out of your house, right? The price of bitcoin is very unpredictable and it can not grow it for a very long time. Have you thought about where you will live all this time?
It's very risky, and you know it. I wouldn't advise you to sell your house to you.
Even the price of bitcoin are below to$5000,I never sell my house just to buy bitcoin,I rather borrow money from my friends or my relatives so that I can buy bitcoin.
Be patient and in my opinion, it is safer to say that you should do that if bitcoin goes down lower than 1,000 USD because that is the green button for buying bitcoin and that is also the best price to get into bitcoin because it is like getting back to the time where bitcoin is just starting to blow up and be known by a lot of people so you better be patient and just ready your money.
I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless
You think I will have another house or I will become homeless
Let's analyse the situation , so you are willing to sell your house (which is considered as a safe heaven asset since it's true value won't decrease at all and will always be on the rise ) , and willing to give your shelter that you built with hard earned money that has an inflation rate of 2% to 3% tops per year , in order to acquire a currency that has maybe dropped (if it happens ) to a certain point that there's no logic comeback or no hope for another skyrocketing value ? ..
Hello no man !
Risking something such as your house is a huge risk to take since you can be broke and homeless if bitcoin continues to drop , and believe me you don't want that to happen !
I can't neither deny that it's a ballsy move and might make a millionaire out of you in no time at all , but the risk is too big to take especially that if things go south you'll have your life ruined . Real estate is the only asset that is guaranteed to keep it's value now , and you can't expose such asset to such a risk IMO .
High risk = High reward indeed but to sacrifice one of your necessities which is your shelter is not a good decision for me. If you are expert in trading maybe and you have another home where you can live or if you have relatives where you can live then you can.
For me, you should not do it. There are many ways to earn money like doing a job online or sell some of your items but not your house.
For me, you should not do it. There are many ways to earn money like doing a job online or sell some of your items but not your house.
Make that as your last option should you really wish to invest on bitcoin and be ready with whatever maybe the consequence of your action. At the end of the day, you know better than us what your instinct tells you. Do a lot of research and reading.
Cyptocrency these days offers great chance of appreciation over the coming weeks. So, it will be all depends on you if you are willing to forfeit your house. There might be many ways in around the corner you can use anyway.
I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless
You think I will have another house or I will become homeless
I think you do not need this house. Just kidding.
I do not think you should do that, do not hurry and invest only what you can lose. Still, the choice is yours, but I would not personally do that.
At this juncture what you need do is apply common sense, if you have other house you can live with your family you can decide to take such decision but if you don't, you better don't
I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless
You think I will have another house or I will become homeless
no, don't sell your house.
I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless
You think I will have another house or I will become homeless
With so many options that you can choose and you come up with a decision that is so risky to take. I suggest you should take another options. Some people are dreaming to own a house and will take everything just to own one. Better to divert other options because there are a lot of ways to earn profit.
I do not know how much knowledge you have abot bitcoin or cryptocurrency. if you are well knowledgeable about it, then i would advise that you rent the house, instead of an outright sell. This is because you would not know how it would turn out.
Well, Bitcoin is a technology that is still in the development phase and has uncertain future. I am impressed with the core principle of Bitcoin and possibilities of growth but still, I won't invest anything that would cause a serious issues in my lifestyle. I would recommend you the same, do not stake anything if you can't afford to lose that thing. Investing by saving money from expenses is what I would like to recommend.
For me it is a no, why would you sell your house if you can buy bitcoin without selling it. You should save and invest in bitcoin but not selling your house or other properties.
Many smart people do the opposite. They invest in bitcoin to buy a house. And you're going to sell it. I don't think it's wise, Especially if this is your only home.You should think about where you live until you get rich. You'll probably have to rent a place.And this will require a certain amount of money.I'm not even talking about other expenses Food clothing etc. no One can guarantee that in a few years, you can buy a cheaper house and still have money left over.
I don't think it should be like that, it looks like too pushing yourself and too risky I guess. logically, there are still many ways to invest than to be the reckless people. Basically it does have an opportunity to be more, but I don't think it should really to be done.
I joined this market a few months, I also lost a little money. Now I want to have a bigger plan by selling my house to 100% participation in this market. What do you think?
You think I will have another house or I will become homeless
Wel,l that is a high risk. It still depends on you if you can afford to lose your house then why not. You should only risk the things that you can afford to lose. Yeah, there's a possibility that you will have a big profit and there's also a possibility to lose all of your assets so before make any decision you should think first. You think I will have another house or I will become homeless
This is not a good idea because real estate has always been well appreciated in the price category and always goes into action. Therefore, you need to think 100 times.
Dont sell your property to investment with bitcoin because bitcoin price is unstable, it may go up or down. But it depends on you. If you can afford to lose your house then sell it to buy bitcoin. The higher the risk the higher return.
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