With Bitcoin, a future is not clear - page 4.

princehandsome

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Quote from: loan.ruiu1 on July 29, 2019, 09:52:36 PM

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

it is an interesting or risky decision but it seems you are really determined to do that by guaranteeing your place of residence to buy lots of Bitcoin. in my opinion it's good and requires patience extra to wait for the price of Bitcoin tocan go up by $ 20K in next year. if the news source that you see does not in accordance with what happened, then what will you do with your BTC?

ajja

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no one can predict the future with certainty, things you do are really a lot of risk you should not do it, I think one mistake when we risk everything when in the future is not what you expected maybe you will be very sorry even you could be crazy.
just by researching your news source is very brave to decide to risk everything, it's a wrong decision to obey.
I hope you are lucky.

killat

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From the beginning you assumed a huge risk as the main rule in crypto is to never invest more than you can afford to lose, or I'm not sure how comfortable you can be to lose the money from your sold house.

Good luck, anyway!

Kasabus

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Quote from: auntyjmary on August 21, 2019, 09:20:48 AM

It is hard to predict but a good thing to believe and hope for better days ahead. Bitcoin and any other altcoin are subjected to high volatility. Hence at the end of the day, is either you lose big or make some high profit as you desire. Anticipating for a year for BTC to hit $20K is very feasible.

It sometimes to be doubtful but can't make a way to think that Bitcoin still unstoppable and could conquer the challenge with.
Though it looks different today and it is riskier than of before but we can't disclose our chances to become more profitable.
Reaching for another $20k this year is a big thing to challenge and still not guarantee to make it.

Koobtcgal

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Good for you, OP, you may think of many things when your investment goes in the right direction for you but always remember that things can change at any time. The best investor can become the worst in a matter of months. You have to learn to be smart and get some of your profits before things turn the other way.
Traders and crypto whales may never send Btc above 20K because they know it's the point of exit for many people so be smart and trade with the fluctuation and make your profits than holding and expecting a 20K soon.

barbara44

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Well that is what it is, it is an alternative to fiat, and even if we are using it as digital assets, it is still going to be an alternative to it also, and the main concept of bitcoin is to be an alternative, so anyone that is making it the only source of payment and investment should be sole responsible for his actions on whatever happen through the crypto, that is why it is stated to be a risky investment and never should anyone take some risk that is not worth it, like risk of taking loan, although the system of utility of bitcoin is really worth it and the investment of it could also be worth it, but cannot be all the time, there are times that the system will not work in our direction or to our expectation, so we have to know how to deal with that then.

bering

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This tittle of the thread was misleading me that i thought you were hate bitcoin and says future not clear but apparently you're one from some of people who too dare sold all of your wealth and putting your money to bitcoin but the future sometimes beyond out from our expectation and i wish you will prepare to facing the worst scenario in bitcoin because future of crypto is very unpredictable

auntyjmary

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It is hard to predict but a good thing to believe and hope for better days ahead. Bitcoin and any other altcoin are subjected to high volatility. Hence at the end of the day, is either you lose big or make some high profit as you desire. Anticipating for a year for BTC to hit $20K is very feasible.

nightxglow

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Well yes the future is not clear. Many people do prediction about bitcoin, and assuming that bitcoin will be reach 100k and such. But they're all just assumption, we can't really believe it until it happens or there's sign that may indicate it happening soon.
But i think it's too risky for you to pledge your land and house, especially you have family to worry and take care of. It will be disaster for you if btc price drops or else. But i hope it will be good result for you. I hope bitcoin hype in 2017 comes back again and make btc price pumps up.

Cemploon

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Learning from the year 2017 that at that time Bitcoin could pump very high. At that time many people had a huge advantage because they had previously bought Bitcoin at a low price. But they will also not think that when Bitcoin can be very high the price is pumping.

So if many people think that Bitcoin will reach $20K, I guess it can happen. And in the year 2020 would probably be a great time for Bitcoin to return the pump.

Oyarebu

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Quote from: ?? on ??

I can't believe that this is something true. You know that bitcoin has a not so clear future but you put so much on the line that you have to rent an apartment. I suggest you revert everything back and just invest little by little.

I think OP made a wrong title, because the subject is different from the body as I can see, he rented and apartment after he sold out Hus investment that worth almost $40,000 and hoping to get the price at $20,000 per Bitcoin, which to me is very visible next year. Actually OP has seen the future of cryptocurrency more rewarding than any other.

yoseph

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For the sake of OP, I really hope that everything turns out well for him in the end because it will defintely suck if in the end the value comes crashing down once again. It's a very risky move putting all your egg in one basket, at least having other investment options would be a great thing to do and now if it doesn't work out, you have lost all your money.

Oyarebu

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The future is not always easy to guess and probably because Bitcoin has a good and a great future that's make you to say that the future is not clear but let me say this, Bitcoin has a great future and cannot be compared to Fiat's, so, with Bitcoin we should be rest assured that the future of cashless policy is feasible and very clear.

DNAToken

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It's quite unlikely that the price of BTC doesn't hit 20k at some point in the future. In fact, I think 100k is coming at some point within the next 5 years. So the OP may have $400,000 instead of just $40,000 which I assume would allow him to get a much nicer home than the one he previously had. He could also cash out half his BTC at 20k and ride the rest risk free.

lablab03

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Future isn't clear for you because your so hasty. And you are always looking for quick profits .don't you know bitcoin future is so bright bro? open your eyes !! Because it keeps showing a sign that it still have a strength to jump higher despite of the fluctuation ! Indeed .that is the big proff that the king isn't dead and just relaxing remember that bro because there's a time for it comeback again. Maybe not now but lets see in the future.

Viscore

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Quote from: xvids on August 11, 2019, 10:24:52 AM

Quote from: loan.ruiu1 on July 29, 2019, 09:52:36 PM

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

It is a huge risk and I hope you could manage it very well .
But even though I believe in crypto I wouldn't risk something like that I mean most of us here would want to have our own house and working in crypto to achieve it so for me my family's home would be my priority.

I definitely agree that what you did is so much risky. You could have lost your money in just a sudden if you don't how to manage your investments well. I believe we are very optimistic about the future of bitcoin but bitcoin itself is very volatile so we should not invest in it solely. At least we should learn to diversify our investments so that if one fails, we still have other one to make profits for us.

xvids

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Quote from: loan.ruiu1 on July 29, 2019, 09:52:36 PM

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

It is a huge risk and I hope you could manage it very well .
But even though I believe in crypto I wouldn't risk something like that I mean most of us here would want to have our own house and working in crypto to achieve it so for me my family's home would be my priority.

Babyrica0226

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Quote from: loan.ruiu1 on July 29, 2019, 09:52:36 PM

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

I admired the guts you have pal, you risk all the property you owned for the sake of having a bitcoin and hold em until it reach 20k$.
The decision you made was a very dangerous things, I'm wishing that I have the brave like yours, but by the way I wish you in the end that
your expectation will be achieve.

HELLOFF

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I have no doubt that the cryptocurrency market is very convenient for obtaining a good income, especially if you have some knowledge and enough experience. Cryptocurrency has already helped many to become financially independent, but you need to take into account the moment that everyone can use cryptocurrency, but for this you need to have at least basic knowledge so as not to make very serious mistakes.

esatceza

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The future is unpredictable. However, I still believe and Bitcoin and the Cryptocurrency market. I can still make money from everyday transactions by it. Besides, you need to do many things that are risky and accept loss, it can happen at any time. Bitcoin is so, it can help us become rich or without anything

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