Sold my house for buying altcoins need your help - page 21.

pandanaran

full member

Activity: 1048

Merit: 101

Quote from: lienfaye on October 02, 2019, 01:42:59 AM

Quote from: moneytalks06 on October 01, 2019, 01:38:14 AM

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP

These coins were good but if its me I will invest too in bitcoin and ethereum. Did you research before you buy these coins?

Well selling your house to buy altcoins are very risky but I admire your guts to do it. We know the current condition of the altcoins and its not doing well, some alts are continuously dropping in price.

yes bitcoin and ethereum are profitable investments.

but I am a little doubtful about the OP because there is no strong evidence if the OP is actually selling the house to invest in crypto, but whatever it is I think the actions of the OP is really beyond common sense.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: moneytalks06 on October 01, 2019, 01:38:14 AM

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP

These coins were good but if its me I will invest too in bitcoin and ethereum. Did you research before you buy these coins?

Well selling your house to buy altcoins are very risky but I admire your guts to do it. We know the current condition of the altcoins and its not doing well, some alts are continuously dropping in price.

KnightElite

sr. member

Activity: 924

Merit: 275

Ask yourself if the decision that you make is wise or not? There are sayings that we should only invest the moneyntht we can afford to lose. You sold your house just to invest and I can say that you made a big mistake.

jorenpo

sr. member

Activity: 630

Merit: 250

what why you sold your house for very risky investment.
well goodluck for us, and i think you have a good portfolio just don't regret anything though.

Murat

hero member

Activity: 2156

Merit: 711

Telegram @tokensfund

You have made a good portfolio of your investment, that's good, but why Bitcoin is not in your list, I think Bitcoin is the vital investment key in the cryptocurrency platform, from my experience, All the crypto market depends on the price of Bitcoin. When the price of Bitcoin goes up then the price of Crypto goes low, it's the common scenario in the recent market. so you should make a proper combination of both Bitcoin and your existing coins. Whatever the matter is, If you are going to sell your house then do it and buy some Bitcoin for the long term investment. I hope that will bring to you a healthy investment for your future purpose.

Though Bitcoin should lead the investment portfolio. Maybe 30-40% of the total bankroll.

ice098

hero member

Activity: 1498

Merit: 586

Quote from: Doranile432 on October 02, 2019, 12:17:47 AM

I wish you the best of good luck, i won't dare sell my house to buy crypto unless i have more than a house, what you did is a very big risk that can cost you a lot if something goes wrong, every crypto investors must understand and invest only what they can afford to lose

Yes I agree. But I think it is not yet practical to sell your house, there are so many things to do rather than sell your house. Trading is not a one shot process it requires time. I hope that he has enough money that is left so that he could have a nice house to live with but Im also hoping that they will not regret selling his house there are so many ways to earn wish he could know that.

DDante

member

Activity: 434

Merit: 19

Quote from: moneytalks06 on October 01, 2019, 01:38:14 AM

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP

Well they are all good old coins except bnb token that's still very young but i am sure it will grow better than the rest in years to come but i hope you don't invest all the money? you have to have some back up just in case, this is what i called a investment well planned, its really bravery for you to take this decision, only very few can do this.

Doranile432

member

Activity: 476

Merit: 22

I wish you the best of good luck, i won't dare sell my house to buy crypto unless i have more than a house, what you did is a very big risk that can cost you a lot if something goes wrong, every crypto investors must understand and invest only what they can afford to lose

setialovers

member

Activity: 812

Merit: 11

Quote from: moneytalks06 on October 01, 2019, 01:38:14 AM

this is my current investments. do u have any suggestion

20k$ = BNB
20k$ = ADA
20k$ = EOS
20k$ = XEM
20k$ = NEO
10k$ = XRP

I think this is a pretty solid choice. Regarding the distribution of investment portions, I think it depends on the analysis of each and I think the proportion is quite ideal. The coins chosen are popular coins and are traded in many large exchangers.

blckhawk

sr. member

Activity: 1554

Merit: 334

If that house you sold is not your main asset and have much to spare, then you're still good. However, have atleast some of your earnings to tested and solid coins like Bitcoin. Altcoin market has recently crashed, maybe because of Bitcoin's bear market due to recent news about the crash in its hash rate and recent advancements in quantum computing. Still, the bitcoin market has become steady now, so altcoins prices may also hover and if better, rise up again.

iDagCoin

newbie

Activity: 13

Merit: 0

You are crazy Shocked

Any way, good luck!

alphaboon

newbie

Activity: 109

Merit: 0

What you have in your portfolio looks good. But altcoins have dropped 80-90% and you really won't know if they will go to 1 satoshi. Even though the coins are good, they still normally follow market trends. The market trends really don't look good. As I can see when Bitcoin goes up, the altcoins go up. But when Bitcoin fall, altcoins fall even more. This pattern has been repeating. Maybe you can reconsider and put a % for Bitcoin? It is still the oldest and most stable. It may happen that Bitcoin goes $500 000 a coin while the rest disappear. Just my thoughts

boltz

legendary

Activity: 3346

Merit: 1203

Who advised you to sell your house to buy altcoins ? Why not buy bitcoin if you have that amount if money as its safer and you won't panic so much when you see the altcoin going down as so far so many tried to guess the bottom and all of them were wrong so this might not be the final bottom.

Make sure you make a wise investment and try to make your own research if you really want to put them into altcoin but like I said, in my opinion , bitcoin would be better to keep those money and maybe some of them in top altcoin but I cannot give you any advise regarding investments beside Bitcoin.

Jasad

legendary

Activity: 1414

Merit: 1002

= jasad =

Sell your house and buying altcoin is too risk, you faced big risk because altcoin have many trouble price, when higher you can take profit but when price have drop you have waiting for long time to get back altcoin on the top price, better you buy or invest in bitcoin.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: moneytalks06 on October 01, 2019, 01:38:14 AM

Sold my house for buying altcoins need your help

How much was the house? What country is located? There is high possibility that prices decrease a lot after the upcoming financial crisis.

tranduong123

copper member

Activity: 714

Merit: 5

Hope you have more than one house

. I see you are not a fan of BTC, I think you should not hold XEM because early in 2019 NEM Foundation had difficulty when they almost ran out of money to operate, they can now be better but they can repeat that situation.

Shasha80

sr. member

Activity: 1876

Merit: 318

This is really very risky to sacrifice the house for the sake of buying altcoins
I just read it was very surprised, wow really crazy and dangerous action to do.
But this is your right, and obviously the risk must be thought out too.

Okay if I may give advice, buy 70% bitcoin and 30% altcoins.
Because bitcoin is safer than investing in altcoins.
But if you really just want to invest in altcoins only.
I recommend BNB, ETH, XRP, EOS, XLM and don't forget about DOGE.
Because DOGE is always make suprised, DOGE is legend.

Although according to some people the act of selling a house for the sake of buying
Altcoins are at risk, i remain proud of that courage you do this.
I hope in the future bitcoin and altcoins can fly at high prices. Goodluck for you my friend.

vintages

full member

Activity: 966

Merit: 153

I will never make a critical decision of selling a landed property to buy cryptocurrency. Ya, Bitcoin can be a great investment but a property like that can also have it own value at the long run.
Well, I am guessing you have your best reason for taking your action. I can't advice you on the best altcoin to buy but I think your bigger investment should be on Bitcoin before other altcoins.

nanaimogold

sr. member

Activity: 661

Merit: 251

Quote from: NeuroticFish on October 01, 2019, 03:39:43 AM

First of all I don't believe OP has sold a house and bought altcoins with that money. I expect that people who can do such transactions will spend time on Bitcointalk.
Also in march 2018 he wrote that his life savings were 28k$, then later wrote that "I have now got 0".
That's much less than this alleged investment. So he's trolling.

Now, investing into altcoins may be good because they are low now and there's a chance (but not a guarantee) that they'll rise again in the near future. And altcoin investments, if done correctly, although much riskier than Bitcoin, can give much bigger results too. But since the risk is so big to lose (almost) everything, one should invest only what he affords to lose and clearly not sell a house for that.

I thought as much. Why would anyone sell his house to invest in altcoins (instead of bitcoins). I do agree that some altcoins have potential to return huge unprecedented ROIs but then looking at coinmarketcap with over 1000 altcoins, the probability of picking the gem altcoin becomes a difficult math with me. So I will rather stick with btc. But then if the Original poster truly meant it, all I can say is good luck

akirasendo17

sr. member

Activity: 1106

Merit: 310

its a brave move for someone to do that I admire you in some ways
but I think what crypto will give you a lesson you will never forget
yes you have to take risk but you are in the next level for that
I would never do that because, its too risky right now, and lots
of people will not recommend it, are you willing to loose your home
yes the return is good but what will happen if its the other way aroubd?

Topic: Sold my house for buying altcoins need your help - page 21. (Read 4897 times)