Selling house for bitcoin

[Ta.Form]

in my opinion this is a bad idea, because this is too risky but if your friend has several houses then please.

[Kiritod]

To be honest act like this for investement on crypto or bitcoin its a bad idea. Invest with money you can affort to lose. so basicaly use free money. dont use money from bank or selling some stuff.

[Zein_Grind666]

Friend of mine is planning to sell his house and invest half in bitcoin and the other half in altcoins. Do you think it is a good idea?

Is your house more than 1? or is your treasure so much that you dare to take risks like that?

We all know that investing in cryptocurrencies has a very high risk. If you sell all of your wealth and buy crypto, you will lose everything if the coin you have purchased has a very high price drop.

[leodiaz]

I believe. sure as sure that he is a great person. People who dare to sell large assets such as home for the sake of playing in Bitcoin means he understands and understands very well how to play well in Bitcoin without any risk. I appreciate this action.

[muneerashine]

One of the disadvantage of crypto is too much hype, and people jump into crypto becoming irrational sometimes.  Selling a house such a bad idea  for me unless you know something we don't know.

[doranan]

Since the sale of the home in Austin, Texas, for which the sales price was never disclosed, the value of a single bitcoin—a cryptocurrency backed by an online ledger called the blockchain—has quadrupled to over $14,600 and turned a swath of early adopters into millionaires in a matter of months.

[@Royale]

Friend of mine is planning to sell his house and invest half in bitcoin and the other half in altcoins. Do you think it is a good idea?

Doesn't he heard the saying, invest only what you can afford to lose? I guess not. If his plan push through, he's not only selling the structure but he is selling that feeling of comfort/safety [that kind of feeling one enjoys when he/she is inside his own house], to fully invest on an extremely notorious, very much unstable and risky cryptocurrencies. This idea is just very much unacceptable and truly unbelievable. I actually do believe that he was entirely obsessed with this coins. I just hope that he can come into his senses and give his idea a second thought.

[Hisbullah]

Friend of mine is planning to sell his house and invest half in bitcoin and the other half in altcoins. Do you think it is a good idea?

I think It is funny, Bitcoin is.high volatile..You should invest with your free money, Dont sell your house to invest in bitcoin.

[Sabarhati]

all of that was a choice, bitcoin was desperate but beforehand had to know first how the way of bitcoin in order to be able to run the bitcoin that had been bought with money from the sale of the house which surely was very valuable

[Jimmygym]

I have seen a strong trend in the west that people are buying goods and properties in the form of bitcoin payments. The companies who construct the houses also get agree to be paid in the form of cryptocurrencies. I think it is really in the favor of them, what do you think?

[Malam90]

It is absolutely a bad idea. Your friend should think to invest if he has extra money except home, business etc. Investment in Bitcoin by selling house can be a way of street begging if Bitcoin price downs because there will be no way to recover when he needs cash if he doesn't have extra money to spend for his family.

[Glujelly]

Selling a house to invest crypto is a bad idea, before investing crypto you must be able to predict and be able to choose crypto that is good on the market.

[Hallet]

No I don’t think that a good idea my friend, only invest in this market the amount that you can accept to lose and using your free funds

[Jereh]

Selling a house for bitcoin investment is a no no for me personally.
This is because the Cryptocurrency market is one that has high volatile nature ..you could loose your investment under one swoop of market downtrend.
So follow the rule of engagement here....which is investing only what you can afford to loose.

[damsix]

There is the right to commit suicide.
Cryptocurrency is very risky and very dangerous for financial matters, especially having to sell a house. LOL

Maybe it's better not to do that because it will make you lose your bed.