Topic: Should I sell house to buy bitcoin if it drops below $ 5000? - page 6. (Read 1141 times)
what youre asking for advise on is tantamount to gambling. You have a house, keep it. If you looking to invest in bitcoins and dont have money then you could do bounties or airdrops or anything else, just dont pawn 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
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. You think I will have another house or I will become homeless
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Lets say you're right and yes so made an investment on your btcs with the help of house then if suddenly the price fall...
This is totally unacceptable and this not the right advice to give a cryptocurrency investor. OP, I will advice you not to get loan in other to invest into bitcoin not to even talk of selling your house. Because Bitcoin is far more than you could ever imaging.
I think sometimes when we take big risks such as selling our house it can be good and bad. In my opinion, either way a minimalist lifestyle is better because you cut the chains of what you are materially attached to and can do a lot more. As far as buying bitcoin, I am not sure..if you are confident in it going up, then invest...but you can also use the money from the house to do things rather than focus on getting more $$. You never know how long you have left..not to get morbid but its true. Might as well spend time just enjoying the moment.
Hey, man is you crazy now selling the house for bitcoin purchase in this crisis period, oh my god I think you are mad now.It's good to make purchase through the money that you have in your hand and wait for the right time.Don't risk with your life.
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
Do not make this mistake. It can be quite risky, everyone suggests you that you should invest the money only that you are fine losing.
No,that wouldn't be a great idea to sell your house and invest in bitcoin. I believe in bitcoin but selling your basic need just to invest in cryptocurrency is too risky. If maybe you have 5 houses then its ok.
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
If you can afford to live with someone, why not? Take the leap of faith. But just make sure you'll be able to handle the pain of the concrete when you hit the ground
Your house is already an asset and investing a 100% of it to bitcoin is not advisable, because of volatility. It's uncertain if you'll earn immediately in the coming months and before you do, you might gain more liability than an asset.
it's great, if you want to sell a house to buy bitcoin when it costs under $ 5000 and that's a good idea. because I also think like that, and I hope soon bitcoin price will drop below $ 5000. so I can buy as much bitcoin as possible and I'm sure it will get a big profit and can buy a bigger house from my house that I will sell when the bitcoin price is below $ 5000.
I belive this is bad idea and prefer buying a small amount of BTC each year. Bitcoin might drop 50% by tomorrow. Nobody knows if it will.
Although $5000 is an attractive price to buy Bitcoin. But a house is basic needs, selling your house for investing is taking a big risk. I won’t do so, but the final decision depend on you.
That's a huge risk. The price of cryptocurrency is very volatile, besides the house is a definite investment, it must be maintained. Do not bet on something uncertain. Start with a small fund, but you can manage it well, it's safer. 
Selling your house to invest in Bitcoin is a huge decision. I don’t think you should be asking random people at forum. Discuss with your family and whoever is staying in the house.
if you have 2 house why not just don't leave yourself with nothing in backup and only do that if you can afford to lose that amount or you are confident that you can earn that again in other means than bitcoin then its alright just like the saying of warren buffet don't put all of your eggs in one basket.
I don't think this is a wise idea. With the current chaotic price, wisdom demands that you should act prudently and avoid taking high end risk. However, the ball is in your court on what you finally want to do.
I wouldn't say yes or no. what I would rather say is that you carefully weigh the consequences before the die is cast, for when it is, whatever is before you may not be reversed. goodluck
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
Selling your house is not necessary and you are taking a huge amount of risk on your self because you are not assured if bitcoins will pump or dump in the market, the best thing to do is just invest and multiple your coins by trading in the market.
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
In such hasty decisions, it is more likely to get the second option.
I do not think you should do that unless you have another house to live in (and it is yours, not to the bank, for example). 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
Do not do this mistake. You will have to remain homeless if bitcoin price drops even further. Only invest from savings that you do not mind losing. One member here did the same and is regretting this now.
I think You can buy now
And if BTc drops to <5k$ you have to sell anything
Because Miner will stop and BTc will die
And if BTc drops to <5k$ you have to sell anything
Because Miner will stop and BTc will die
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
I don't agree with you. You choose to sell your house and invest in bitcoin, which will bring you a lot of risk. When the bitcoin to us $5000 a good buying opportunity, I also will choose to buy bitcoin , but I will not use this way to participate in the bitcoin , it is gambling, if failed, you would be disastrous You think I will have another house or I will become homeless
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