Topic: Sold my house for buying altcoins need your help (Read 4889 times)
By doing this , it means you have accepted the risk involved and you are ready to bear full responsibility for whatever outcomes you see. Bitcoin should have taken 40% of the investment and not only buying alts. It's still a good one though.
Not a good decision mate I don't think it is a good idea to sell your house just to invest in altcoins because it is a very risky choice.No one can tell if you are going to make any profit from your investment only time can tell that.Wish you luck in your investment but please refine from making such risky decisions.
I think sell houses to invest in this market is really a very stupid idea because surely you will not know the future of this market and you can completely lose all assets at any time. In my opinion, only invest the money you have available because it will be money you do not feel regret and before deciding to invest, make a concrete plan. Every decision you make will directly affect your current profits so be careful. this is my current investments. do u have any suggestion
20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
Dude, you seriously need a large wallet filled with DOGEcoin, so after selling your house you will at least still have the dog house!
Not a good decision mate I don't think it is a good idea to sell your house just to invest in altcoins because it is a very risky choice.No one can tell if you are going to make any profit from your investment only time can tell that.Wish you luck in your investment but please refine from making such risky decisions.
I do not know if you really sell your house to invest in this market or not? But if you've done it then it's really crazy, I personally would never invest that way because it's so dangerous and like a gambler. And you even choose altcoin to invest with that money. It is best to just invest in Bitcoin and wait for profit, you have a large amount of money and just investing in bitcoin is enough. Altcoin will only make you bleed and lose with it
I agree. It was really a risky and very big gamble to do on selling your house just for the sake of investing or getting into cryptocurrency and the OP have chosen to get into Altcoins rather than getting into Bitcoin at first. The very first move done for me was already risky and it was a desperate move to do on selling your house just to afford buying crypto. It was a risky and impulsive decision sacrificing a house. Also, always remember that upon doing purchasing, trading or investment, just only give out the amount you can only afford. Cryptocurrency is always there so there is no need to do impulsive decisions. Also, since selling a house is a big risk, better impart the amount held in hand not purely into Altcoins because it will have a more potential to grow having a larger percentage on part of investing into Bitcoin and the remaining percentage for Altcoins just to secure and be sure that you will regain what you have invested. Even both have potential, still getting into Bitcoin is great together on having some sort of potential Altcoins.
this is my current investments. do u have any suggestion
20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
I think you should spend a part to buy Bitcoin, 30% for Bitcoin and 70% for the remaining altcoins.20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
this is my current investments. do u have any suggestion
20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
The most irrational investment in my opinion. To sell real estate, which is already good capital and invest in cryptocurrency, is not the best solution in my opinion. But your business and good luck in the future. 20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP
I have a hard time believing this story that you have sold the house for crypto investment. But if you did, my opinion would be to invest at least one part in Bitcoin. (40%)
For the most part it worked out
free online picture uploadPretty sure it was established earlier in this thread (by his older posts) that the OP never really invested in those coins. Or ever had a house to begin with.
But I do find it interesting how he'd actually be in profit, and his choices were better than simply investing into BTC at the time. It's a good lesson actually -- sometimes it's not all about BTC and specific coins matter much less than timing. Time things right, and even junk (not that those coins are junk) can make a ton of money.
Thread actually reminds me of the troll threads from years ago. Where someone would state they sold their house or fortune for BTC or DASH, or whatever, and comment after its price just crashed. OP would be "Oh, woe is me!" ... others would go on about risk and bad decisions. Then wait a couple of months and all of a sudden we notice that if the OP actually had done this 'foolish purchase', he'd be way into profit.
Another story that we should never play/trade/invest on the last money (if this story is true, the very saboy). But at its core, they are all similar-people are trying to invest in altcoins in the hope that some of the coins they invested in will become the new bitcoin.
For example, my friends sold apartments and bought bitcoin and made very good money on this. I’m not sure that they invested the last money but I think that it’s like roulette and without any common sense. Just someone lucky and someone not.Good timing is all it matters here. We can't compare people who sold something and buy some crypto-currency before and after
2017! Some people made good profit, while some need to wait price to recover first.
I would sell a house to buy crypto-currency if I have more than one! I have only one house, how to risk that in a risky crypto-
market? Some people who are alone can risk, we who have families can't do that!
Another story that we should never play/trade/invest on the last money (if this story is true, the very saboy). But at its core, they are all similar-people are trying to invest in altcoins in the hope that some of the coins they invested in will become the new bitcoin.
For example, my friends sold apartments and bought bitcoin and made very good money on this. I’m not sure that they invested the last money but I think that it’s like roulette and without any common sense. Just someone lucky and someone not.Another story that we should never play/trade/invest on the last money (if this story is true, the very saboy). But at its core, they are all similar-people are trying to invest in altcoins in the hope that some of the coins they invested in will become the new bitcoin.
For example, my friends sold apartments and bought bitcoin and made very good money on this. I’m not sure that they invested the last money but I think that it’s like roulette and without any common sense. Just someone lucky and someone not.
looking at some of the coin lists you mentioned above, for me personally who is only interested in BNB and EOS coins, I believe both of these coins have great potential for future investment. I will only add like ETH and LTC, but it's much better if you prioritize investment with BTC.
I have a hard time believing this story that you have sold the house for crypto investment. But if you did, my opinion would be to invest at least one part in Bitcoin. (40%)
For the most part it worked outfree online picture uploadYou are right, it is not a good idea to sell the house for cryptocurrency buying because at the current condition of the market it is impossible for us to predict the cryptocurrency market situation, as of now, I won't risk my money by selling the house.
The bad thing about your story is that you sold your house just to invest in cryptocurrency. You know cryptocurrency is just like a gambling and it is not a wise idea to sell whatever you have for it. The good part is you have a good portfolio of coins. I would add ETH and Bitcoin on the top if I were you.
This is not the first story about a person who sells his property for the reason of investing in cryptocurrency. There is a successful investment, but there are also examples where people lost all their money that they invested. most likely if someone wants to sell their house now and buy good altcoins - then their investment will be very profitable after several years, and maybe even earlier.
The good part of your action is getting into the right time, added quality coins in your portfolio and luckily market has believed to be bottomed with some minor bulls. The bad part is investing all of have with crypto simple words by Warren Buffet 'Don't put all your eggs in the single basket'. Not financial advice but consider adding BTC to the portfolio which will give you some level of cushion in the downtrend when compared to alts. If you feel ok if your investment goes 70 or 80% downwards, don't you feel stressed and if it doesn't affect your day to day living then it is fine. If no then you should consider taking the money back when it is still in the green.
The bad thing about your story is that you sold your house just to invest in cryptocurrency. You know cryptocurrency is just like a gambling and it is not a wise idea to sell whatever you have for it. The good part is you have a good portfolio of coins. I would add ETH and Bitcoin on the top if I were you.
Whenever I come across this OP I can't help but keep thinking what you might be going through right now, altcoins aren't pumping and bitcoin remains the only coin doing all the pumps, apart from few fork coins that shows sign of recovery nothing more, it would have been an excellent choice if you go on Bitcoin instead of altcoins but yet if you are strong nothing is impossible
The main problem is that he invested everything in altcoins if he had invested everything in bitcoin then even if that was a risky decision at least most of us will understand such decision since we know that bitcoin sooner or later will surpass its ATH, and while he bought some good coins we do not know when the market of altcoins will begin to recover, it is possible that will not happen until 2021 when the next bull run seems most likely to happen but then the question is if he will be able to hold his coins for that long.
Change your assets from real estate (stable asset) to cryptocurrency, altcoin (unstable asset) are not a smart move. Yes, you could make big with a good investment, high ROI,... but it still very risky and not recommend.
There are a few ways to reduce the risk by rent or take a loan.
There are a few ways to reduce the risk by rent or take a loan.
Whenever I come across this OP I can't help but keep thinking what you might be going through right now, altcoins aren't pumping and bitcoin remains the only coin doing all the pumps, apart from few fork coins that shows sign of recovery nothing more, it would have been an excellent choice if you go on Bitcoin instead of altcoins but yet if you are strong nothing is impossible
The main problem is that he invested everything in altcoins if he had invested everything in bitcoin then even if that was a risky decision at least most of us will understand such decision since we know that bitcoin sooner or later will surpass its ATH, and while he bought some good coins we do not know when the market of altcoins will begin to recover, it is possible that will not happen until 2021 when the next bull run seems most likely to happen but then the question is if he will be able to hold his coins for that long. 
I have a hard time believing this story that you have sold the house for crypto investment. But if you did, my opinion would be to invest at least one part in Bitcoin. (40%)
For the most part it worked outfree online picture uploadJump to: