Should I sell house to buy bitcoin if it drops below $ 5000? - page 2.

queennathalia

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

Its up to you, Because if you have a deeply trust on bitcoin you will do that thing, You can get a profit once you did that. that is my opinion for you. So when bitcoin price down to 5000$, You can start thinking about to your house. Maybe you can get a bigger profit or maybe your house will be disappear. My point is what is your really feels about bitcoin.

Tuare aget

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Quote from: South Park on April 05, 2018, 04:10:15 PM

Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

Of course not, while I have faith that bitcoin will without a doubt go up in price once again I'm not willing to risk something like a house just to get bitcoin, you need to follow one of the first rules of investment, which is to only invest what you can afford to lose in your own words if you were to do that and you lost your money you will become homeless so in other words you cannot really afford to invest that much money in bitcoin.

I knownit will be exciting if the price of bitcoin goes to $5k per bitcoin because its very likely impossible. Its just likely but nothing is really impossible in bitcoin.
Though the market is going to $5k and its exciting but sell house to buy bitcoin is very dangerous. Never do that friend if you dont want to go to hell if the price again below $5k.

Invester

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

It seems you are just playing your house or gambling it away. God save your house. Grin

Well, it looks like you will not sell your house anymore because Bitcoin will not allow that, I mean the Bitcoin supporters will not allow Bitcoin to go down as low as $5,000. Or Bitcoin is really that strong not to simply stumble down to that low level.

But if it happened that you sold your house and invested everything to Bitcoin, you will not only have another house, you will be having like 5 more larger and more beautiful houses.

JovhanHermias

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Dont take the risk, but you can make a profit just by purchasing a small amount of Bitcoin without selling your house. Profitting is important but the house is much important. But the choice is still up to you

fndsr

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

you are too brave to take the idea indeed if bitcoin profits can return even buy the house you sell but you need to also evaluate and observe the movement and prediction of bitcoin in the future because we also know that bitcoin prices can not be assured better capital little little but continue

Tenderino

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Whether or not you probably will become homeless will depend on how you will handle it. First of all, if you want to wait until the price dropped below $5,000, you will be likely never at risk to become homeless, because there will be likely no point when this will happen and you will never invest. People still can double their investments with crypto currencies, but more likely with new and low priced ICO projects than already high priced coins like bitcoin.

Prodigan786

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Invest what you afford to loss because while your investing your brain has to in your control . Once you get panic brain starts to tske bad deceision some times it will lead to huge losses so instead going panic invest the amount which doesn’t affect normal life . Now price is rising so there is no chance of reaching 5000$ in near future . There is not much bearish news as well as taxday finished . Now market is preparing for next bull run.

Sithara007

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Quote from: Giantreturn18 on April 15, 2018, 09:10:45 PM

I would consider mortgaging my house, getting to live in it, after borrowing a nice amount of money against the house, and I would start smiling while watching the price of Bitcoin soar!! Don't sell the house and risk living on the sidewalk!!

I am not sure about your country, but where I live mortgaging the house will get you only around 50% of the total value and the interest rates can be quite steep. That makes selling more attractive to mortgaging.

Flayme

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

If you think if it is good idea to sell your house for bitcoin go for it. We know bitcoin is very risky we cannot predict whether the price of bitcoin become higher so that selling your shelter it is ridiculous thing for me. Although you think you can buy another house if you earn more profits in bitcoin but if you are unlucky what will you do if your dreams failed? For me I suggest to you to think 10x before you do anything.

Giantreturn18

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I would consider mortgaging my house, getting to live in it, after borrowing a nice amount of money against the house, and I would start smiling while watching the price of Bitcoin soar!! Don't sell the house and risk living on the sidewalk!!

Artlee87

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Absolutely not. There are better ways to make money than just recklessly spending on high-risk investments. What if you actually did make a significant return on that money, but it took 7 years to reach that point, and you were in the red for most of it. That would likely create pressure for you to get out and be down $10,000+ dollars.

tdtduy

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I do not sell house to buy Bitcoin when Bitcoin is down to $ 5,000. I accept the Bitcoin investment when Bitcoin is at a low level, but it will equal the amount I work and accumulate. It is very dangerous to trade your home and family in an investment. I will never venture that way. I know what is most important in my life.

gtx1060aa

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That's a crucial decision my friend. If you really want to sell your house for btc then so be try to consider this. Assuming that you already sold your house for btc, then the question is how sure you are that your money will be spend for good? Ok, let's say you invested it in crypto world then now, are you sure that it will make profit and will not be prone from scams? If so then how long? Will it be worth for waiting?

Ask those questions into yourself because that might enlighten you. I think selling your own house will definitely a bad idea, if you don't like it anymore then try to renovate.

Sunnyyy

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I realized that the bitcoin value dropped the most not less than $ 6,000. If the bitcoin price drops to $ 5,000. I would definitely use all of my money to buy bitcoin, but I would not sell my home because of high risk. I do not want my family affected by me.

mark1220

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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 its not a good idea but still the decision is yours, if you afford to lose your house its up to you, its too risk but it has a good profit back to you if you success ith your investment.

thecodebear

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Quote from: timbereagle on April 15, 2018, 08:57:25 AM

If you have extra house then ok but not your primary house. "Family and health" are the most important things in life.
If something goes wrong and you are family will not like it.

Yes this. While I think there is a 99% chance that if the guy sold his house and bought Bitcoin he would make millions of dollars over the next few years, in reality you should never sell your home to participate in a risky investment. If he has a second property to live at then it is okay. Or if he wants to downsize his home and will buy a cheaper home and use the difference to invest in bitcoin that is fine. But just straight up selling your only home to invest it in bitcoin is not a good move. Never risk your livelihood to get rich.

timbereagle

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If you have extra house then ok but not your primary house. "Family and health" are the most important things in life.
If something goes wrong and you are family will not like it.

Radio-Active

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Quote from: anhchangdeptrai13 on March 26, 2018, 12:19:51 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

unfortunately you cannot do that. Bitcoin has not hit $5k.
Before it hit $5k, it was back to $7k again. Even now bitcoin price on the market is around USD 8k
Your risky action has been canceled. Roll Eyes

inthelongrun

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I remember a friend before that keeps on telling me and some friends before to use credit cards and take a loan on huge purchases because all cash should be put in crypto sensing it is still a very young technology investment with extra huge potential in the future. Now I think the opposite knowing the unpredictable nature of crypto.

lucy94

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I would not do that, because the cryptocurrency market is very unpredictable, so you can never be sure about the amount of income you can make with this. Additionally, I would recommend continuing your current job and pouring some amount of your income into cryptocurrencies. It would increase your investment and your chances of making more money out of it.
As I said, the cryptocurrency market is complex and you will need time and effort to learn more and practice more to get good experience. Thus, if something goes wrong on your way, you will always know that you have other options of income.

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