With Bitcoin, a future is not clear - page 6.

Rafiqul

member

Activity: 1358

Merit: 10

www.cd3d.app

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 think you have took a big risk. Future of bitcoin is always unpredictable. I wish and pray you will be success.

BITDV

legendary

Activity: 1400

Merit: 1001

Undeads.com - P2E Runner Game

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.

Whattt? oh my god, you're really awesome bro Cheesy

.

For ordinary people the future of bitcoin is not clear. but for geeks it's not like that, they think bitcoin can be relied on as digital assets and digital payment tools that are easy to use.

More people will be using it, and even modern businesses already accept bitcoin as payment. so don't worry about the future of bitcoin. Instead I was worried about you and your family. Next time dont pledge your real asset too much and the most important is don't pledge your family with something you don't know exactly Cool

creeps

full member

Activity: 742

Merit: 144

We all don't have a secured future, we can't know what happen next to our chapter so bitcoin is not exempted on that. You made a good risky investment, life is full of uncertainty and those who have the will to take the risk for sure will succeed. Bitcoin is not clear only to those haters and fudster, but for those who made a lot of risky investment with bitcoin for sure they believe that there's a hidden gem with bitcoin. We all take risk, and the OP is one of those who trusted bitcoin will all of his life.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

That is a very risky thing to do. Selling a house just to buy bitcoin is a financial suicide. We cannot tell if bitcoin will really hit a good value next year. If it will go back to 20k$ after 3 years then you will have a hard time for 3 years. But what if bitcoin will no longer go up, what will happen to your family.

Bitcoin is a volatile digital product, though it has a good future but it is not wise to place all our assets into one place. But let us just hope that what you did is really the right thing to do.

nicecrypto

member

Activity: 1260

Merit: 21

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.

If this is your believe and very sure about what you just did then why your topic is contradicting? not everyone can take such a step that you have taken because you have such strong faith in btc and believe it will grow more and double your investment that is reason you made such decision so your topic should be inline with your post. If btc future is not clear i don't think you will dare to make such sacrifice Undecided

Wipangga

member

Activity: 600

Merit: 10

I also believe that bitcoin will also grow now, because I believe that the future of bitcoin will also experience better price changes in the future, because now market prices are also slowly increasing.

cipherhut

newbie

Activity: 99

Merit: 0

Bitcoin is a highly volatile digital asset and its future is not clear because of its non-accepting nature, once awareness about the BTC is clear then the future will be the brightest one.

BitBite5

member

Activity: 210

Merit: 40

Quote from: ?? on ??

An interesting decision. Another proof that people just do not get rich. In order to make a competent decision, you should at least familiarize yourself with the new sphere and how it works. That is, we need knowledge. And to invest borrowed funds in such a risky asset is stupid.

I agree but people often make stupid or at least reckless decisions. One of them is definitely to invest in bitcoin with borrowed money. But some users don't have enough knowledge and experience and profit is the only aim they see. Once they get disappointed and lose a lot of money maybe they will start thinking differently.

flyer88

hero member

Activity: 1177

Merit: 500

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.

Wow, that is fantastic, you are very brave to bet with yourself, if I am in your position then I will not spend all of those funds to buy Bitcoin but I will only use it 50% only. Although a lot of news is circulating that says the price of Bitcoin will reach $20000, and I believe it will happen.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

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

After researching the news sources...

Many bitcoin-related news sites post opinion of analyst that always fail to forecast

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

I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin

Your choice was very risky, even if the price rises 2x in 1 year for example, during this period you will live a hell in the rented house, you will not have a car ... if your family is sick and urgently needs to go to a hospital and You do not have a car? These are things you need to worry about and another point:

investing $ 40,000 at a price of $ 10,000 means that when the price goes up to $ 20,000, you will get $ 80,000 ... and that means that the price of home and car will not be the same price next years

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

I will rent a small apartment with my family

live in rented house is a headache

maxreish

sr. member

Activity: 1330

Merit: 326

I don't think it is a wise decision to exchange your own house and rent a house just to buy bitcoin. What if bitcoin's price will not go as you are expecting it to be? As you have mentioned, it was unear. Thus, you are already aware that bitcoin may dumped really low like last year with the longest months we had experienced.

Anyway, I wish you luck then. Hope everythings will be gonna okay with high returns for you so you can buy your own new house.

antisocial77

jr. member

Activity: 378

Merit: 4

You bought your own house with bitcoin.if you dont have any bitcoin left and you think its going to be 20k again, you better try to buy bitcoin from that price.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

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.

You must be a fool to actually do that . It's not that I don't believe in bitcoin but there are some ground rules which we must obey when trading cryptocurrencies.
'You must only invest the amount you are willing to lose' is the ground rule. So tell me, are you willing to lose your land and houses worth $40k ?
I guess not. Play smart or lose all.

Pixyoxx

full member

Activity: 291

Merit: 119

Wow, that's a huge risk to take and I salute your courage.
Although it's predicted that Bitcoins will rise by the end of this year upto 20k but we can't be sure.
Bitcoin will though surely rise in coming time.
I wish you all the luck man!

rodel caling

full member

Activity: 952

Merit: 104

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 believe for your positive and brave decision hoping you get succeed put the risk the future of your family.

Quote from: ?? on ??

Risky your home for btc is not nice but is also a good decision , but risky as anything can happen but definitely btc will surge higher even this year regard what we have at present and the way market is responding to demand and supply.

That is correct op made good decisions putting huge amount of money in bitcoin even he know the risk for this unpredictalbe price when will become increasingly 2x or more. I also believe that bitcoin goes uprise higher than before all time high before end of this year.

valentin68

full member

Activity: 459

Merit: 104

There are people that have done this. They sold their properties for money. They were left with nothing in 20 years after they sold their properties.

A property is something sacred, it is a lifetime work, you can not sell a property for some bitcoins, saying that the bitcoin value will appreciate. There is no person in this world that can say what the future will give. There is no person in this world that can say, tomorrow this and this will happen every minute.

We can say that the day of tomorrow will be approximately as today, maybe somewhat brighter maybe somewhat worse, but we can not say precisely what will happen in 3 years from now.

Thus my advice is not to sell.

tanjiran

full member

Activity: 770

Merit: 113

You sacrifice and risk a lot of things, I hope you already know and are ready to accept all the risks you will face. The strong belief is not enough, because the person who is competent in the analysis can be wrong. Have you done the analysis before? have you made sure you are in the right buy position? I hope you make that decision, not because of panic.

fosamede

copper member

Activity: 21

Merit: 0

I am a strong believer in bitcoin and I have not doubt that it will surpass its previous all-time high but I still will not mortgage my life savings or my piece of real estate for it. No one can really tell with all certainty when bitcoin will move higher in price or dip lower

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

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.

Even though i agree that there's a strong possibility that the btc moons (and not only 2x), you are risking your land and houses for 2x? And not only for you but your family? That's seriously so irresponsible it makes me wonder that have you ever invested to anything?
Can you take the loss it if bitcoin dips now? and how long will you hold it if it doesn't look good? Hopefully you have a other plans as well then just panic selling.
Anyway, good luck for your family i guess.

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

I'm happy now

I wonder if your family is...

Rooster101

sr. member

Activity: 826

Merit: 256

Many traders and investors are optimistic on a bitcoin bullrun this year and in next year for the halving but it is still risky investment especially if you are using your own properties. Investing in any cryptocurrencies is full of uncertainties because they are always volatile and unpredictable and you have to be prepared for any eventualities of your investment. All we can do is hope for the bitcoin to continue its bullishness and reach another all-time high in the coming months.

Topic: With Bitcoin, a future is not clear - page 6. (Read 6134 times)