With Bitcoin, a future is not clear - page 7.

serjent05

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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.

Well, I think you are not the first one to do such kind of all out action for Bitcoin. Here is another guy who think that Bitcoin will greatly increase in price in the future selling all his stuff. https://www.businessinsider.com/man-in-the-netherlands-sold-everything-for-bitcoin-2017-10.

Though I admire your courage but I admire the support of your family more. I hope that your expectation regarding bitcoin price increase be met.

killat

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I think it's possible for BTC to hit 20K by the end of the year. However, its hard to predict the price and even experts get it wrong.

You should never invest in crypto more than you can afford to lose.

sarmrakib

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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.

Isn't it too much risk ??
We all know that btc has a great future but we have to manage everything welly that's help us to gain the highest level profit.However it look like you will be rich or make poor your wallet .However we have seen in the past many of crypto investor took risk as like as you and made their life so keep patient and watch what brings with you .

ACheair

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Quote from: PodMiners on July 30, 2019, 05:05:35 AM

Future is always unpredictable and with the bitcoin, it's always safe

wow, that's a REALLY brave words to say, with current fluctuations, which are still making btc a very unsafe investment, especially if you aren't experienced in cryptocurrencies thread. Future is always unpredictable and so is bitcoin, there is no certainty that the market won't fall in the next couple years (hope not, but you never know).

Pledging your land and property just to buy btc is one of the craziest ideas i've ever heard of. Right now the real estate market is much more stable than cryptocurrency market.

seoincorporation

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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.

The issue here is the rent bill, because if you are paying something like $2k each month, then could be a pain if bitcoin doesn't reach those $20k the next year.

I remember one guy on this forum who fucked up hard, he does the same with his house and buys ETH at $450, if you see now ETH cost $200, so that guy still in lost. I hope this doesn't become your scenario. I wish you good luck.

Lucius

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Quote from: hugeblack on July 30, 2019, 06:20:25 AM

Seriously you are GAMBLING. If you want to gamble, it is better for you to go to Los Angeles or any other American city and play gambling all day.
Putting every investment in your life into something you do not trust will lead to a big loss. BTC is not a magic trick that puts money in it and multiplies after several years.

I agree this is a gambling in some way, but investment in Bitcoin cannot be compared to gambling in Las Vegas by playing slots, poker or roulette. OP is make very risky decision, but it is quite likely that it will profit over time - do you not believe that the next ATH will be higher than the previous one?

I think that only numbers are changed, it is same situation it was few years ago when people on this forum saying that any buying under $1000 is cheap, and today we can say same for $10 000.

Regarding title, it is probably OP mistake - he would not invest $40 000 in something that he not believes.

Sonu_titu

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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 would never take such huge risk. What made you take such a risk? If there is some valid reason to take that risk then why does the heading of the topic sound so low confident?

Your action and the title of this thread are completely contradictory to each other. Any ways, All the best for your venture.

cipherhut

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Bitcoin future is bright when people around the world are aware of its utility and have proper knowledge about this decentralized world.

hugeblack

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Seriously you are GAMBLING. If you want to gamble, it is better for you to go to Los Angeles or any other American city and play gambling all day.
Putting every investment in your life into something you do not trust will lead to a big loss. BTC is not a magic trick that puts money in it and multiplies after several years.

kpcian

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Do you a name which is very confirmed for the future, Nothing is permanent in this world. So you have to make a proper decision for your future's shake. If you name Bitcoin then I can say obviously it has created a massive potential platform for the future perspective. Today's investment in Bitcoin will bring a good amount of profit in the future because Cryptocurrency will be the main platform in the virtual world.
make a proper plan and have to take a step on behalf of the future. so the future of Bitcoin is clear, Don't make any confusion and don't be confused.

PodMiners

newbie

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Future is always unpredictable and with the bitcoin, it's always safe as everything is being switched to the digital part and especially the blockchain. So, need to keep safe the bitcoin to spend life.

qwertyup23

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Hmm, investing into something that is unpredictable unlike most investment methods present?

I find your decision questionable as investing EVERYTHING into a stable market would yield a double-edged sword, especially that we are talking about BITCOIN (which has a high-volatility rate). If I were in your shoes, I would have diversified my investments and considered stocks for a relatively stable long-term plan/solution.

Although we may have different views, ideas, and predictions about the state of bitcoin, I wish you good luck on your decision as everyone hopes for a significant increase on its price in the near future.

Lucius

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I would say that OP is risking with this move, but also that his timing is bad - just few months ago he can get 10 BTC for $40 000. This is his first mistake, and second is in gambling with what we should not gamble with (house, land...).

This is not first public case that someone is doing that, and jossiel is mention Didi Taihuttu who is doing the same thing as OP, and today he and his family are known as Bitcoin Family, they travel around the world and live only from cryptocurrency.

They risk with this move, but it paid off for them, so maybe OP will be lucky and in few years buy a new house, more land...

wahyu wida

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I applaud your guts. You certainly already understand the cryptocurrency market, because you have researched it and are sure to sell houses to buy bitcoin. You are a true risk taker, and it seems you already understand the risk of bitcoin

arbifahrozy

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it's a big risk in my opinion, do you sell all your assets? in my opinion you can use bot tranding services and use your assets and get enough profit. but if you are happy now, it is for you. I am proud of you, because I think happiness is the purpose of life.

crwth

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I don't know whether or not I would be proud of what you did because you bought Bitcoin but you sold a necessity, which is your living quarters. Let's see if you are correct when it reaches $20K.

The future is not clear with everything but when you have a vision in mind in what you want to have in the long run, maybe then you could achieve it. That's when we are talking about people and their goals towards what they want in their lives. So into Bitcoin, that's even more challenging because there is a lot of bad press surrounding it. Some people are not getting any younger and they are scared of what they are doing if they want to be part of Bitcoin or not. FOMO sets in, increased price rates or something then it falls, the never-ending cycle. The differences between the wants and opinions of people are directly proportional to the volatility of the price. That's why the future is even more unclear.

TheUltraElite

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So anyway, I applied as a merit source :)

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

Quote

I'm happy now
I believe that the BTC will increase to $ 20k next year.

You have done all this and now you are happy? I wonder how your wife let you do that unless you fed her with some good quality drugs. Grin

But seriously, I wont advice you to do that because although I like the enthusiasm, every investment should be having its limit. One should not put all their life savings into something that they are speculating on. Like the wiser people say, never gamble more than 10% of your bankroll the same applies here. Real estate is something that people live in and thus unless you have a separate home to live in I would not suggest selling it for a truckload of cash for bitcoin.

jossiel

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You know Didi Taihuttu? he's the first person whoever did this. I don't have the guts to do this if ever this is for real, good luck with your journey. Your success is every bitcoin holder's success, we share the same road and roller coaster.

But before deciding to do that, have you really think of this for so many times?

Ridwan Fauzi

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I just wondering how long do you know bitcoin?

Buying bitcoin just because you read a speculation against bitcoin price is not good IMO. There are still several factor that you must pay attention because I'll doubt you will hold for long time if bitcoin price meet decreasing price a lot.

You have to look another factor instead the speculation price. Also you have to train your patience in order to not supprised when bitcoin price goes down. Fundamentally, I'll agree bitcoin price will be up in 2020 because there is several agenda such as halving even that has been waiting from several investor. But, I have to learn more to you to take bold steps as you did.

Nadziratel

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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.

Strange...

Look we all believe in BTC's future. But what is your done is not investment. It is gambling. This forum and cryptocurrency market has full of regret. Some people sold their house, some people sold their car and some of them leave from their jobs. And most of them is not happy now.

You should learn what is investment. Some poeple bought some BTC lately 2017 and it price was about 20K and after 1.5 year, now, we still under this value.

Hope you'll be happy but you are just gambling now. You threw your dice and waiting for good results.

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