This $5000 number has popped up a few times today as if it's what some people are hoping to be a sold floor
but I think you will lucky if this is the case.
Bitcoin was going to $50k at which stage I planed to get out before the crash but the miners got to greedy, too
early and put fees up to $55 per transaction and this sent the small fish running for cover and now us sharks are
starving to death.
That promise of "Low fees" on the Lightning Network is not working because the fish can read small print and read the bit about
adding transaction fees and interest on the BTC needed to keep the channels open by the bankers , err...... miners .... err ....
users is going to come back and bite them.
Gentlemen we could be facing an extinction level even here, dam could collapse just like happened during Tulip Mania
but at the very least I think we are looking at a DOT-CON bubble crash like we had back in 2000 but what would I know
having being a weak hand that was forced by common sense to jump out when BTC was last at $18k and the brain boxes
here were all talking about "buying on the dip-stick"
Yeah, Yes I know I just want you all to sell so I can buy up all them cheap coins ................. in your dreams
Topic: Should I sell house to buy bitcoin if it drops below $ 5000? - page 9. (Read 1163 times)
House selling is a totally wrong decision. And if you want to invest bitcoin then you put your free money or that money what you afford your loss. But don't put your all money anywhere for invest. It's totally high risk and nobody knows what happen in future market condition.
why would some one sell his or her house and invest in bitcoins,,,we can only look for other way out,instead of selling house
Its better to sell your goddamn brain than house. your house worth more than your empty brain -_-
It's not a good idea at all & I don't think this type of madness is necessary. But if you afford this risk & have adequate experiences & knowledges then you can go ahead. Wish you all the best & hope you will do your best.
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 beg toto disagree but I think that is not a good idea. Maybe you can try to do things differently wherein you will still have your house and buy a bitcoin at the same time. How about saving your salary and have patience until you meet the target price and buy a bitcoin. At least you're in a win-win situation once you did it. Unlike losing your house to buy bitcoin and just fail.
Like the saying goes -- > With great power comes great responsibility
With bigger investment comes a greater risk , so invest only if you are willing to lose everything
Stay safe ---> its CryptoWhale eat dog world out there
With bigger investment comes a greater risk , so invest only if you are willing to lose everything
Stay safe ---> its CryptoWhale eat dog world out there
Yes you can only if you have another house anywhere nearby
Hi,
I think that you will be homeless. Without any doubt.
I don't know when exactly you joined the community, but I guess you have seen that prices are erratic. You should be aware, by now, that any accurate forecast is impossible.
So why would you sell your house exactly?
If you are just trolling... Well, I don't see the point. Except laughing at people who will advise you sincerely.
If this is not a joke... Please, talk about your plan to anyone that can be concerned by such decision amongst your relatives.
You cannot just sell a house for potential profits. That's crazy.
I think that you will be homeless. Without any doubt.
I don't know when exactly you joined the community, but I guess you have seen that prices are erratic. You should be aware, by now, that any accurate forecast is impossible.
So why would you sell your house exactly?
If you are just trolling... Well, I don't see the point. Except laughing at people who will advise you sincerely.
If this is not a joke... Please, talk about your plan to anyone that can be concerned by such decision amongst your relatives.
You cannot just sell a house for potential profits. That's crazy.
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
invest what you can afford to lose thats the usual advice that you can get when getting into an investment
its a big decision its really up to you
as for me i think i wont do it
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
Well if you sell your house then you'll be homeless You think I will have another house or I will become homeless
No, don't do it though. That's pure stupidity. While I do agree that massive buying cheap Bitcoin is a great idea, but you should get your priorities straight: never put your safety net (living allowance, house, education) for something speculative like Bitcoin. Trust me, it'll ruin your life. It will be better if instead of selling your house, you find another extra money through other sources like selling your unnecessary things, like cars or anything. Just not 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
It is always advised that only put the amount you can afford to lose so it depends on you if you can afford to lose your house then go for it below 5k$ bitcoin will be a nice deal. but you never know we are still new and growing cryptocurrencies are yet to be adopted by mass so high-risk high reward.
Don't become homeless for cryptocurrency. It is important to invest only the amount of money you afford to live without it
Lol, how much is your house worth?
Personally I think real estate is a perfectly fine investment. There are always more people wanting to buy land/houses, especially as major countries like India and China continue to rapidly grow their middle class. Land however, is finite.
The same is true of bitcoin to some extent, but bitcoin won't protect you from the rain. As others have said, maybe it is better for you to only invest what you are willing to lose. If you are young and want to take that risk, and you can sleep at night when bitcoin drops 20%, go right ahead.
Personally I think real estate is a perfectly fine investment. There are always more people wanting to buy land/houses, especially as major countries like India and China continue to rapidly grow their middle class. Land however, is finite.
The same is true of bitcoin to some extent, but bitcoin won't protect you from the rain. As others have said, maybe it is better for you to only invest what you are willing to lose. If you are young and want to take that risk, and you can sleep at night when bitcoin drops 20%, go right ahead.
The most important thing to remember while making an investment is that you should never catch a falling knife. If the Bitcoin prices are on a free-fall, then you should wait until the prices stabilize. Else, there is a chance that your capital may vanish in a matter of few days.
i think do not sell your house to buy bitcoin because any crypto currency market is on fluctuations.and not sure that one can earn or lost for bitcoin.and important thing is that most of the investments are subject to the market risk.thats why sell a house to buy a bitcoin is such a foolish decision
Definitely no.
I think it's not good idea to sell your house just to invest in bitcoin even the price drops below $5000.
Don't sell property when it comes to investment, because investments are a gamble, especially on crypto currency, no one will know if bitcoin can survive and make your investment profit like you anticipated, so to prevent further losses you should not sell properties like houses or land, you should onlt invest the money that you own.
Good post. I think the same.
$5000 is a good price for bitcoin but no price is enough to make you sell your house. What if it take many years until bitcoin's price rises again? Where will you live?
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