Should I sell house to buy bitcoin if it drops below $ 5000? - page 13.

Matildada

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

I think your approach is too risky. You should stay sane. You are not investing but gambling. If you buy bitcoin for $5,000 and its price continues to fall, you will lose a lot of money and you will lose your house and become homeless.

BelieveInBTC

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I don't think that we will see less than $7 thousand dollars again. There is currently no reason which would indicate that it might happen. Selling house would be really risky even though Bitcoin seems to be a good investment. There is always a risk that you might lose your money not only due to fall of Bitcoin but also because of for example keylogger which could steal your private key. Can you afford losing a house? You have to be ready for everything.

richminded

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Quote from: Muktar on March 26, 2018, 06:51:35 AM

you should think about it carefully, if you sell your house you will not have a place to stay just to buy bitcoin, it is $ 5000 very cheap and very tempting price, I think selling a house for bitcoin investment is too desperate

Yeah, too risky to do so but I think if you really want to have bitcoin at a lower price better to start saving now, or better to sold your car. Well, this market can really make you money in the future, but sacrificing the thing that is more important about making money is not a good idea. Don't invest if you are not capable to do so, invest only what you can afford.

EmJay

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

I agree with you that you want to invest but I won't recommend you or suggest you to sell your house to invest in bitcoin eventhough I believe that bitcoin will increase its value but still it is very risky. It should be one way around. Through bitcoin you can buy a house not to sell the house. Invest only what you can afford to lose. But the decision is yours.

candy69

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In my opinion, the bitcoin price wouldn't drop below $5000, so you don't need to sell your house. Suppose, you sell your house and buy bitcoin, what would you do if you suffer losses.

[email protected]

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You question depend on you only. If you want to sell your house and become homeless is best known to you and you alone. But I think your plan is a very risky one and it is not good for someone or an investor to take a maximum risk in any business. If that is not put into consideration, then am afraid.

befriendmywater

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I think you should not sell your house to buy bitcoin, it is a wrong decision. It is best to work and save money to invest in them. You should not bet too much on what you are not sure. You can not understand why bitcoins go up or down, and the market is always led by bitcoin. That was one thing that made me very anxious and I decided not to invest in bitcoin.

safarabela

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

Yes, you can sell your house, but you have to be ready for everything, ready to benefit from bitcoin if bitcoin increases in value and you should be ready to lose your house if bitcoin goes down.

Muktar

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you should think about it carefully, if you sell your house you will not have a place to stay just to buy bitcoin, it is $ 5000 very cheap and very tempting price, I think selling a house for bitcoin investment is too desperate

DUHOIxx

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If you decide to buy Bitcoin, I encourage you to do it responsibly. Do not spend more than 1% of your assets, and be honest with yourself, that Bitcoin is a gamble, not an investment. It's extremely risky and there are far better channels out there, both short and long term.

Pasaway2701

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Quote from: tikaka on March 26, 2018, 04:53:18 AM

I think if the price of bitcoin drops to $ 5,000, I think you should buy it. But I advise you not to sell your home to invest in bitcoin. I'm not sure the value of bitcoin will increase rapidly in a short time so I think you should buy it slowly. You should study the market before investing

I agree. It is not good to sell what you already have to invest in bitcoin because it is big risk and do not know when the price really give profit. There are some other ways to earn bitcoin without investment which you have to try first. This is how I start. I keep to be patient until I earn. Even it is small, you can trade it to make profit.

MakeMoneyBtc

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If you are 110% sure you are going to get profit from bitcoin then go for it and invest everything you have in bitcoin but I strongly suggest to dont do that because it is just a stupid idea that you want to make after you lost some money. It is better to keep important thing like your house,car,jewelry,electronics safe and dont sell them just to invest in something because you could either become rich but in the same time you can lose everything and become homeless. Do you think it worth the risk of becoming homeless? If you dont have any experience with bitcoin investment the chances to lose are bigger than the chances to make profit so it is better to take it slowly and invest smaller amounts of money and gradually after you make profit reinvest it and continue that way. You dont need thousands of dollars to become rich, even with 10$ you can make a lot of money if you are smart enough and do the right things.

belousov

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

Yes, go for it and then live on streets when the prices drop further. We already had enough discussion on a similar question.

RamonBTC

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Can I ask you with a very simple question? Do you like living in that house? If yes, then this decision will only give you a broken hearted being new in this trading investment. If no, the this is the best and perfect strategy to get rid of that house with a chance of buying a new one if your lucky of this big risk that you want to pursue. This will give you an alternatives, one: looking to buy a new one and two: live in a public space as a homeless.

jossiel

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Quote from: Nilda on March 26, 2018, 05:06:52 AM

Have you read anything here that sold the house and became a multiple house owner?

I have only read last year that there's a guy that sold his house for bitcoin.

Man sells everything he has for Bitcoin as he pre-empts the ‘ultimate cryptoboom'

And that guy entered the bitcoin market earlier and with a better price last year so he totally earned already if he managed to sell during all time high.

For OP, how much is the estimation of your house?

We can't guarantee you anything here, it's your house, money and possibly it's your own profit so decide for yourself.

nioctiB#1

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

Never sell any valuable things just to invest in cryptocurreny or any kind of investment, only invest part of your savings that you can afford to lose. It is not good to go all in even there is a greater chance of gaining huge profit when investing whenever there is a huge price drop. And when investing huge amount of money you should also consider to deversify it to different kinds of investment because there is a greater chance that you will lose big amount of money if you will only focus on one.

Nilda

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Have you read anything here that sold the house and became a multiple house owner? I doubt if any person would be that gutsy. Especially now that the cryptocurrency market is more unpredictable that it has ever been.

independence

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Quote from: anhchangdeptrai13 on March 26, 2018, 01:19:51 AM

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 Grin

I believe that Bitcoin will not fall below $ 6,000. I think that in the near future it will not grow much. But in a few years he can grow up. If you are ready to be homeless for several years, then go ahead. But I'm in your place would not sell an apartment. If you still decide to sell an apartment and buy Bitcoin, then do not sell Bitcoin until it grows at least twice. In 2017, some people became rich. But what will be in 2018 is unknown to anyone. Bitcoin can grow three times, or it can fall three times.

tikaka

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I think if the price of bitcoin drops to $ 5,000, I think you should buy it. But I advise you not to sell your home to invest in bitcoin. I'm not sure the value of bitcoin will increase rapidly in a short time so I think you should buy it slowly. You should study the market before investing

Dapper

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Depends on your investing philosophy. I'd say no, because I think real estate (homes) should never be sold. Condos, maybe. But then again, it has to be a situation where you own maybe 6-7 pieces of real estate and sell ONE to raise some capital for other investments.

If it's your only home, than that's the pure definition of gambling and probably a poor decision.

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