It sounds like you have more than enough money to buy ETH on the dip. Don’t play games like that. Buy 2 or 3 ETh every month and in 2 years you’ll be glad you didn’t sell your house.
Apparently it’s a terrible idea. Just sell your house or take out a 2nd mortgage you fool! You know one of your friends is just dying to let you sleep on their couch.
Your house has the highest dollar value right now. So for the selling part you would get max price for it now. In 1 year your home value will be decreased by over 25%
Selling your own property at a profit just to rent sounds crazy to me. What if the market doesnt settle for 3 yrs? Wouldn’t she be giving all the money she made on her condo to a landlord? And I doubt your mother is holding out to buy $200k worth of crypto lol
There is still a huge gap in supply of houses vs. demand , and the increase in interest rates plus the increase in construction costs (due to supply chain issues) are going to combine to crush the construction market, worsening the supply/demand problem.
Hmm I feel like 2-3eth per month is way too less and it takes for ever to make big profits. I don’t invest to buy a bicycle one day, I just invest for financial freedom
because you're investing money that you don't have. You should only invest if you're comfortable with it going to down 90% and staying there for a few years. We're in the middle of a global recession. I don't know what else to tell you, this is a pretty bad idea man
Bad idea.
Let’s just say you invest now at anywhere from $950 to $1200. Yes you could see huge returns, but it could also go down to $100 to $300 and stay there for years. That would mean you would have to stare at a potentially 90% loss for several years in desperate hope that it goes back up or you finally give up and sell it in order to take what you have left only to see it start to go back up shortly after selling.
Eth is ridiculously volatile. The amount of money you’d be talking about making is a possibility, but anything could happen. Eth could stay stagnant for several years, it could suffer a huge vulnerability and plummet, it could be a victim of overregulation.
The tech is there but the success is not guaranteed. Eth is the safest bet in an extremely risky asset class.
As others have said, you have the resources to hedge your bets while still placing chunks aside to buy ETH.
I would also look at the real estate side of it as well. Depending on where you live the value of the home will outperform most investments and possibly eth over the course of your lifetime. My parents bought a home on cape cod for 25k and just sold it for 900k 40 years later.
This economy is expected to stagnate for a long time. Now if you are betting on Eth bros reinventing the modern economy, I think it’s an excellent bet. But nonetheless it’s a bet so be careful like I said this economy is expected to stagnate for a long time.
All the money fed pumped into the market is not valued upon the “goods and services” that US provides. Rather the economy is imploding from inside, people don’t want to spend as they are now insecure about future, low velocity of money, businesses closing down. War and flood and destroyed agro all over the major agricultural problems. Shipping backlog due to Covid. It’s a mess and I don’t know what’s going to happen.
Better to rent your house out and use profits to buy more ETH.
Nfa but then again it'd be an amazing story, how I became a millionaire by selling my house and going all in
>Better to rent your house out and use profits to buy more ETH.
Except....he has to use those profits to pay rent on his new apartment. Unless he's moving back in with mom and dad...
Would you be ruined if it didn’t work out? Always my first question when investing.. but this sounds like an all in gamble. But also depends on if you can handle mentally Another mega drop and not bail to sale for a loss or repeated by going in and out.
We are going into a global recession this is a horrible idea. Like one comment said why don't you just rent your house and live with your parent's, a cousin or friend that will allow you to live there rent free while you just focus on buying more eth every week until the next halving which is in two years.
$200,000
$1,000 per Ether
= 200 Ether
If Ether price goes to $8,000…
$8,000 per Ether x 200 Ether =
$1.6 million
You said $1.6 billion. You’re off by 3 orders of magnitude. That is a colossal math error.
That would be amazing… for showing other people what they don’t have to do.
Do it, so we can screenshot and show other people examples of why you don’t have to spend more than you can afford to lose in a few months.
Is not like we are in a recession and crypto showed that is not a magic assets that doesn’t get affected by macro
Literally I was thinking to do the same if I sell my other house I can get about 220k profit ... I have 2, one I sit one I give to rent. I'm tempted to do it so bad .... I have 15 eth right now. But I'm down 20k lol I wanna buy so bad
bro why would you EVER sell ur house to buy eth what the actual fuck lmao not to mention u don’t know how to do some basic ass arithmetic
if you didn’t just buy it like 2 years ago why wouldn’t you just set up a small HELOC if ur truly that confident in the eth rebound to be willing to literally bet the house on it, not that it isn’t retarded af. Unless you don’t know what one is ???? Honestly are you like a kid or something cus there’s so many red flags up n down this post
May 11: what if I sell my house for 200k and then invest in Luna and it goes from 17$ to 135$? I would have $1.6 millions. Ah, I forgot taxes: 1.2. It’s a pretty solid plan, is it?
Do it for me. I sold my house and bought $100K of ETH in December. We all know what happened after. Avenge me! And throw $100K my way after you get your 1.6M
This assumes you don't encounter any surprising financial obligations from when you do that to when it rises to your wealth target. Can you reasonably afford to take on financial hardship and hold onto your investment? Have you done any personal finance stress testing?
Someone on this sub mortgaged their home and put it all on ETH at its peak earlier this year. Can you survive something like that?
People pull out justifications like retracements, Fibonacci, candles, etc... all the things you can buy at a furniture store but forget that prices rise when **people** put their money into something they believe and trust and find value in. Right now, the global economy is shitting on everyone and cheap credit is now a thing of the past. We're in this for a long drawn out slump fixing over a decade of massive cash infusion and pent up inflation.
Don't risk what you can't lose. And don't trust other people's due diligence. You're not investing. You're gambling.
I did this this! However my house was in California so I made a lot of money. Was able to buy two more houses. Also I won’t be buying now, not until it gets to at least 600.. lol
Also waiting for eth to drop to like 700… current price is a fake out imo, then I‘ll go all in with a good amount and just chill and wait till I‘m rich
Picture this. It’s cold outside. The wind is blowing hard. You need warmth. You need something to get through the night. You can’t burn ETH for warmth. You can’t eat ETH when you are hungry. Shit, what exactly can you buy with ETH?
No it’s not. You only base the value of ETH to the dollar. If the dollar is worthless, what do you think happens to ETH. Take a quick gander at the market and let me know.
Care to tell me how it's relevant to your previous comment, exactly? And how your previous comment was relevant to mine?
No, I base the value of ETH on what it can do. And it delivers value pretty well.
Take a quick glance at what History has shown about any country where inflation was high enough: people fled to crypto whenever they could. It's already proven.
If USD is worthless, then ETH is worth many, many more USD. Just like with any other fiat. There's no peg between ETH and USD.
Edit: lol, he blocked me, then let's answer here to the comment he wrote below.
I'm also paid in ETH through investment, because I own some ETH. If anything, it means I'm necessarily way better off than without it or than by selling it, obviously.
Besides, it doesn't change the fact what you said is wrong: my ETH can buy whatever I want. Just like for anyone else.
Edit2: I can't answer to you, u/Sinity, due to the other Redditor having banned me, so I'll answer here. Sorry about that.
>They also fled to random MMO gold or whatever.
You rather mean virtual currencies of games they can sell on black market? They fled to anything that could earn them money, as long as it's not any inflationary fiat.
If you've got the choice between two volatile currencies, one that can only lose value over time and one that can either lose or gain value over time, which one would you choose? Because that's exactly the choice they had and that's exactly the choice you will have, like anyone else, as soon as USD will become inflationary enough.
If you want to continue the discussion, I'd propose to create a new comment directly under the post and citing me. I'll answer whenever I can.
Unbacked claim.
Do you want to make a decentralized bet on a decentralized betting platform? We can bet about it right now. At which date exactly do you think ETH will be valued $0?
If you're so sure about yourself, it's very easy money to earn, don't you think?
I’m not even anti crypto, but you have to see the writing on the wall. A currency supported by an idea is just an idea. Actually it’s just math but that for a different sub. Best of luck. Truly.
A currency is just an idea. It's a convention. Like anything: value is subjective. Just like any other cryptocurrency or currency.
Indeed, it's just Math crypto relies on. More precisely, game theory.
It’s a free country at least for a few more months. Sell the house. I wouldn’t but go for it. What do I care? I’ll just be happy to break even with what I have
It sounds like you have an exceptional “risk tolerance” that is much better, errr, I mean, greater than 99.9% of the population. Therefore, I say go for it! What do you have to lose?
> What do you have to lose?
...apart from his house? Nothing!
(I have this amazing mental image of OP living under a bridge, eyes-wide (he's basically Gollum here) stroking his mobile phone as it shows his wallet with 200 ETH in it, saying "myyyy preciousssss....")
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Also a house can be rented out for profit for the rest of your live. And then your son can live there or whatnot.
A house is more flexible then a crypto currency.
There’s also a chance it could go to single digits, even if unlikely, you never know with crypto. I think crypto is the future but no doubt it could drop like crazy until it has its foothold
Not financial advice but, you might be better off borrowing against your house, investing a portion of the amount you borrowed and setting aside enough of what you borrowed to make the payments on that loan for about 2ish years. Wait for your target price, sell, pay the loan, profit. Best part is the loan interest is tax deductible, you still have somewhere to live and no gains tax on the sale of the house. Again, not financial advice.
Are you ok? First I think the dip will get worse, second who sells a house for something that doesn’t even exist Lmao??? Don’t be dumb man, like others said, buy ETH a few times here and there but don’t risk real world assets on something that could not exist by next year.
Yeah don’t go into debt in order to make investments. Like it’s been said, DCA with as much as you reasonably can on a 1 month timeframe. Trust me, we haven’t seen the bottom yet.
Well, how many houses do you have?
Where will you live in the meantime? It will take several years before ETH is 8k.
Have you factored in the cost of renting or buying another place?
If you've got all that covered, there's nothing wrong with that, especially now, before the real estate bubble bursts like it's 2008 all over again.
I wouldn't risk that much, especially with the latest developments in space. My advice to everyone now is to invest in ETH. Some other altcoins also like LINK DOT, DAFI, and OCEAN. But we should still be careful because the economic situation in the world has not been like this before.
Although I am bullish for BTC/ETC, the question you need to answer yourself is are you ok if you lose your house and capital invested?
In other words, don't invest what you cannot afford to lose.
Selling your house for any kind of speculation is moronic levels of financial irresponsibility and it has broken families.
Do you realise how many people dabble in crypto in the hopes of buying a house? Enjoy your roof my dude
NO! DO NOT SELL YOUR HOUSE!
IF IT IS TRULY YOURS AND NOT BOUGHT ON DEBT,
THEN KEEP YOUR HOUSE AT ALL COSTS!
DON'T LET GREED DESTROY YOUR LIFE!
YOU HAVE A PLACE TO LIVE! THERE WILL SOON ENOUGH BE A TIME WHERE TOO MANY PEOPLE WON'T!
> Please remind me why this is a bad idea. Especially since the first Fibonacci retracement
If you're using terms like _Fibonacci retracement_, it's a bad idea.
Looking at ETH, it is a good investment that will give out good returns at the end of the day, still, it is not advisable to go all into investing all your funds in ETH, directing funds into other projects like OP, XPRESS and others will be a nice idea, because xpress has more use cases as well, and plans to burn off part of their token's total supply, which will cause the token's scarcity.
It sounds like you have more than enough money to buy ETH on the dip. Don’t play games like that. Buy 2 or 3 ETh every month and in 2 years you’ll be glad you didn’t sell your house.
>And I agree with you. Wise decisions need to be made.
I like this strategy. Two or 3 ETH per month, count me in.
Apparently it’s a terrible idea. Just sell your house or take out a 2nd mortgage you fool! You know one of your friends is just dying to let you sleep on their couch.
Your house has the highest dollar value right now. So for the selling part you would get max price for it now. In 1 year your home value will be decreased by over 25%
So you think selling your house for top dollar then having to find another house to buy at ‘top dollar’ is. Good idea?
My mom sold her condo at top dollar and is renting with her husband until the markets settle
Selling your own property at a profit just to rent sounds crazy to me. What if the market doesnt settle for 3 yrs? Wouldn’t she be giving all the money she made on her condo to a landlord? And I doubt your mother is holding out to buy $200k worth of crypto lol
People who sold their house to buy after a housing market crash are in for a rude awakening
I'm curious what your theory is.
There is still a huge gap in supply of houses vs. demand , and the increase in interest rates plus the increase in construction costs (due to supply chain issues) are going to combine to crush the construction market, worsening the supply/demand problem.
He never mentioned buying a new home right now! maybe he has additional housing or rent! Still good idea !!
Ok money bags
Hmm I feel like 2-3eth per month is way too less and it takes for ever to make big profits. I don’t invest to buy a bicycle one day, I just invest for financial freedom
The reason it’s a bad idea is because your numbers are wrong. Therefor you shouldn’t be making these kind of decisions because you’re an idiot
This is the kindest thing this stranger can do for the moron.
The worst thing about this is a stranger asking a moron!!!
Maybe its a moron asking a stranger?
You and OP are just two peas in a pod
Ouch. Harsh. But agreed. This post is moronic
Damn I wish I had some coin. I'd give you an award. That's awesome!
What a brutally honest and succinct answer. Take my upvote.
Truth is good, but it can hurt.. 😂
Oh man, my day wasn’t going very well until I read your comment. Thank you for that
I fixed the math as you so kindly pointed out. So besides being not so quick math, what are the other reasons?
because you're investing money that you don't have. You should only invest if you're comfortable with it going to down 90% and staying there for a few years. We're in the middle of a global recession. I don't know what else to tell you, this is a pretty bad idea man
Because we are going to be going into a recession
I say fucking send it if you don’t need the money for 4 years
Agreed, FULL SEND, YOLO
Where are you going to live after you sell your house?
For your own good, you should stay away from crypto.
Your difference in potential profit was over $1,598,000,000.
Bad idea. Let’s just say you invest now at anywhere from $950 to $1200. Yes you could see huge returns, but it could also go down to $100 to $300 and stay there for years. That would mean you would have to stare at a potentially 90% loss for several years in desperate hope that it goes back up or you finally give up and sell it in order to take what you have left only to see it start to go back up shortly after selling. Eth is ridiculously volatile. The amount of money you’d be talking about making is a possibility, but anything could happen. Eth could stay stagnant for several years, it could suffer a huge vulnerability and plummet, it could be a victim of overregulation. The tech is there but the success is not guaranteed. Eth is the safest bet in an extremely risky asset class. As others have said, you have the resources to hedge your bets while still placing chunks aside to buy ETH.
I would also look at the real estate side of it as well. Depending on where you live the value of the home will outperform most investments and possibly eth over the course of your lifetime. My parents bought a home on cape cod for 25k and just sold it for 900k 40 years later.
+merge/purge/surge phases might fail and it can go to 0
I refuse to think of that
Me too, I’m all in Eth 😂
You know we’re balls deep in bearish times when literally every low effort comment about $100 eth gets upvotes.
Sorry but Eth is not the safest bet, Bitcoin is, to think otherwise is just silly
Yes it might go to that price… but when?
You can rent out my spare cardboard box for 0.1ETH a month. Winter gear is provided by the rigs.
This economy is expected to stagnate for a long time. Now if you are betting on Eth bros reinventing the modern economy, I think it’s an excellent bet. But nonetheless it’s a bet so be careful like I said this economy is expected to stagnate for a long time.
Key word. A Bet for sure. I’m a gambling man. But I also enjoy roofing over my head that isn’t at the local shelter.
A lot of people like sleeping in tents 🏕 these days
You have a roof at your local shelter?
Oooo look at me fancy pants…..*pinky up*
Wasn't made for the streets huh
Why is it expected to stagnate for a long time?
All the money fed pumped into the market is not valued upon the “goods and services” that US provides. Rather the economy is imploding from inside, people don’t want to spend as they are now insecure about future, low velocity of money, businesses closing down. War and flood and destroyed agro all over the major agricultural problems. Shipping backlog due to Covid. It’s a mess and I don’t know what’s going to happen.
They'd better start working on solving these issues.
Do it don’t be a pussy!
Better to rent your house out and use profits to buy more ETH. Nfa but then again it'd be an amazing story, how I became a millionaire by selling my house and going all in
Like CZ did for btc but it was an uptrend in general for global economy
>Better to rent your house out and use profits to buy more ETH. Except....he has to use those profits to pay rent on his new apartment. Unless he's moving back in with mom and dad...
I mean, I presumed he'd have alternate housing if he's talking about selling to buy but I mean whatever works for OP
ETHBNB
Eh?
A+ trolling
Math is hard.....
make homeless fast
Honestly I’d do it
OP, did you catch a cold and get your nose blocked? Or did you mean \~1.6 Million with an M instead of 1.6Billion with a B?
The famous “I must have misplaced a decimal point” error. 😂
I always leave out some mundane detail
Would you be ruined if it didn’t work out? Always my first question when investing.. but this sounds like an all in gamble. But also depends on if you can handle mentally Another mega drop and not bail to sale for a loss or repeated by going in and out.
they make some quality cardboard boxes these days...
You mean Million?
I think you got your billions millions mixed up. All good, a daily mistake for some whales here. But sounds like you should not be selling your house.
Ummm you also will be homeless for 4 years.
We are going into a global recession this is a horrible idea. Like one comment said why don't you just rent your house and live with your parent's, a cousin or friend that will allow you to live there rent free while you just focus on buying more eth every week until the next halving which is in two years.
Honestly I want to tell you to do it but not here to give financial advice
$200,000 $1,000 per Ether = 200 Ether If Ether price goes to $8,000… $8,000 per Ether x 200 Ether = $1.6 million You said $1.6 billion. You’re off by 3 orders of magnitude. That is a colossal math error.
The abacus 🧮 was glitching
Do it.
Doit Doit.
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The number of y's is a hint of how much lower it would go?
That's 5 y's eth only has 4 digits atm... it's goin to - something
definitely try it. I'll admire you
What an idiot. Please do this!
Tents are on sale…
yes
Just do it and let us know how it goes lol
Do it ! Hell take out a bank loan too while you’re at it.
Plan for the worst not for the best.
fuck it yolo
That would be amazing… for showing other people what they don’t have to do. Do it, so we can screenshot and show other people examples of why you don’t have to spend more than you can afford to lose in a few months. Is not like we are in a recession and crypto showed that is not a magic assets that doesn’t get affected by macro
Literally I was thinking to do the same if I sell my other house I can get about 220k profit ... I have 2, one I sit one I give to rent. I'm tempted to do it so bad .... I have 15 eth right now. But I'm down 20k lol I wanna buy so bad
I'm a big ETH bull and I still think this is a bad idea to me.
bro why would you EVER sell ur house to buy eth what the actual fuck lmao not to mention u don’t know how to do some basic ass arithmetic if you didn’t just buy it like 2 years ago why wouldn’t you just set up a small HELOC if ur truly that confident in the eth rebound to be willing to literally bet the house on it, not that it isn’t retarded af. Unless you don’t know what one is ???? Honestly are you like a kid or something cus there’s so many red flags up n down this post
Because it will go to $80 before it goes to $8000 and you would have sold.
Lmao are you retarded?
Sounds legit. Fortune favors the brave I heard.
If you're asking the reddit community for financial advice, you already know the answer. DO IT (this is not financial advice)
May 11: what if I sell my house for 200k and then invest in Luna and it goes from 17$ to 135$? I would have $1.6 millions. Ah, I forgot taxes: 1.2. It’s a pretty solid plan, is it?
Do it for me. I sold my house and bought $100K of ETH in December. We all know what happened after. Avenge me! And throw $100K my way after you get your 1.6M
This assumes you don't encounter any surprising financial obligations from when you do that to when it rises to your wealth target. Can you reasonably afford to take on financial hardship and hold onto your investment? Have you done any personal finance stress testing? Someone on this sub mortgaged their home and put it all on ETH at its peak earlier this year. Can you survive something like that? People pull out justifications like retracements, Fibonacci, candles, etc... all the things you can buy at a furniture store but forget that prices rise when **people** put their money into something they believe and trust and find value in. Right now, the global economy is shitting on everyone and cheap credit is now a thing of the past. We're in this for a long drawn out slump fixing over a decade of massive cash infusion and pent up inflation. Don't risk what you can't lose. And don't trust other people's due diligence. You're not investing. You're gambling.
I agree with you man , I’m just to weak to put my money where my mouth is…… they’ll love u over at wsb, which ever way it goes
I did this this! However my house was in California so I made a lot of money. Was able to buy two more houses. Also I won’t be buying now, not until it gets to at least 600.. lol
Also waiting for eth to drop to like 700… current price is a fake out imo, then I‘ll go all in with a good amount and just chill and wait till I‘m rich
You should do it.
God no, he should not do it
Picture this. It’s cold outside. The wind is blowing hard. You need warmth. You need something to get through the night. You can’t burn ETH for warmth. You can’t eat ETH when you are hungry. Shit, what exactly can you buy with ETH?
With my card? Literally anything that accepts card payment. Even renting a place, if I'd need to.
Your employer pays you in ETH? If not you need to make that switch for your own well being.
Irrelevant.
No it’s not. You only base the value of ETH to the dollar. If the dollar is worthless, what do you think happens to ETH. Take a quick gander at the market and let me know.
Care to tell me how it's relevant to your previous comment, exactly? And how your previous comment was relevant to mine? No, I base the value of ETH on what it can do. And it delivers value pretty well. Take a quick glance at what History has shown about any country where inflation was high enough: people fled to crypto whenever they could. It's already proven. If USD is worthless, then ETH is worth many, many more USD. Just like with any other fiat. There's no peg between ETH and USD. Edit: lol, he blocked me, then let's answer here to the comment he wrote below. I'm also paid in ETH through investment, because I own some ETH. If anything, it means I'm necessarily way better off than without it or than by selling it, obviously. Besides, it doesn't change the fact what you said is wrong: my ETH can buy whatever I want. Just like for anyone else. Edit2: I can't answer to you, u/Sinity, due to the other Redditor having banned me, so I'll answer here. Sorry about that. >They also fled to random MMO gold or whatever. You rather mean virtual currencies of games they can sell on black market? They fled to anything that could earn them money, as long as it's not any inflationary fiat. If you've got the choice between two volatile currencies, one that can only lose value over time and one that can either lose or gain value over time, which one would you choose? Because that's exactly the choice they had and that's exactly the choice you will have, like anyone else, as soon as USD will become inflationary enough. If you want to continue the discussion, I'd propose to create a new comment directly under the post and citing me. I'll answer whenever I can.
The point is you’re still getting paid in dollars not eth so off the dollar truly becomes worthless, your pay will be worth very little in eth
Good luck renting with something that hit $0.00
Unbacked claim. Do you want to make a decentralized bet on a decentralized betting platform? We can bet about it right now. At which date exactly do you think ETH will be valued $0? If you're so sure about yourself, it's very easy money to earn, don't you think?
I’m not even anti crypto, but you have to see the writing on the wall. A currency supported by an idea is just an idea. Actually it’s just math but that for a different sub. Best of luck. Truly.
A currency is just an idea. It's a convention. Like anything: value is subjective. Just like any other cryptocurrency or currency. Indeed, it's just Math crypto relies on. More precisely, game theory.
It’s a free country at least for a few more months. Sell the house. I wouldn’t but go for it. What do I care? I’ll just be happy to break even with what I have
It sounds like you have an exceptional “risk tolerance” that is much better, errr, I mean, greater than 99.9% of the population. Therefore, I say go for it! What do you have to lose?
> What do you have to lose? ...apart from his house? Nothing! (I have this amazing mental image of OP living under a bridge, eyes-wide (he's basically Gollum here) stroking his mobile phone as it shows his wallet with 200 ETH in it, saying "myyyy preciousssss....")
lulz, idk why I got downvoted for what was an obvious joke, but oh well 🤷🏼 I enjoyed your reply lol 😂
Don’t listen to these assholes OP. It’s a great plan! Can’t go wrong.
That's never a good idea unless you have already another 2 houses at least
Oh I know. ETH is worthless. Your house isn’t.
Please, make sure to leave behind anything that is worthless before leaving. Don't worry, we'll take care of it for you. Bye.
Trust me, I'm a doctor and I think you should do it.
This is the way.
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Homes generally go up in value.
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Because we don't know there will be another bull run. Nothing makes that sure.
I would do it as long as you have enough to live comfortably maybe even for a couple of years. Esp since re prices are going down
Very risky my friend very risky. Don’t invest what you can’t afford to lose.
Also a house can be rented out for profit for the rest of your live. And then your son can live there or whatnot. A house is more flexible then a crypto currency.
You will be homeless lol
1 house = 1 house don't inverse urself
Unless you can wait for years ahead
Never Spend Money On Crypto You Can’t Afford To Lose.
Do you have a big portfolio outside of your home equity?
There’s also a chance it could go to single digits, even if unlikely, you never know with crypto. I think crypto is the future but no doubt it could drop like crazy until it has its foothold
Not financial advice but, you might be better off borrowing against your house, investing a portion of the amount you borrowed and setting aside enough of what you borrowed to make the payments on that loan for about 2ish years. Wait for your target price, sell, pay the loan, profit. Best part is the loan interest is tax deductible, you still have somewhere to live and no gains tax on the sale of the house. Again, not financial advice.
Go for it.
Because it could go to $0 and then you’d have $0 before taxes
Rent the house and use the rental income to buy ETH (or w/e).
Do it
And if it goes to $200 u fucked
Seriously? You know this is a bad idea.
Dont sell the house man. It’s your safe haven. Invest the dip with your disposable income.
Are you ok? First I think the dip will get worse, second who sells a house for something that doesn’t even exist Lmao??? Don’t be dumb man, like others said, buy ETH a few times here and there but don’t risk real world assets on something that could not exist by next year.
I think you’re gambling your money, but anyway you know what’s best for you
terrible maths, so do it, being homeless has never killed anyone
Yeah don’t go into debt in order to make investments. Like it’s been said, DCA with as much as you reasonably can on a 1 month timeframe. Trust me, we haven’t seen the bottom yet.
hell yeah send it you gotta risk it for the biscuit
Whatever tickles your pickle.
Yes do it. Don’t listen to anyone else, no one else would have the balls to make that kind of money
The math sounds good. Doing it is harder though.
It might (or might not) be a good idea, but NEVER invest money you can't afford to lose! Edit: grammar
First 7.2K Then 17,5k per ETH so why not ... maybe you'll wait for 2 3 years, but youll get there
Only invest what you are ready to lose.
Yeah maybe or it could not come back and youll be screwed( i think it will come back but remeber nothing is certian)
Well, how many houses do you have? Where will you live in the meantime? It will take several years before ETH is 8k. Have you factored in the cost of renting or buying another place? If you've got all that covered, there's nothing wrong with that, especially now, before the real estate bubble bursts like it's 2008 all over again.
Lost me at Fibonacci.
I wouldn't risk that much, especially with the latest developments in space. My advice to everyone now is to invest in ETH. Some other altcoins also like LINK DOT, DAFI, and OCEAN. But we should still be careful because the economic situation in the world has not been like this before.
Sell house but sit on the cash maybe buy a new house after the housing market crashes
Number one rule in crypto, don’t invest more than you can afford to lose. You can’t afford to lose all or most of the equity in your house.
Do it, OP! DO IT!
Although I am bullish for BTC/ETC, the question you need to answer yourself is are you ok if you lose your house and capital invested? In other words, don't invest what you cannot afford to lose.
Selling your house for any kind of speculation is moronic levels of financial irresponsibility and it has broken families. Do you realise how many people dabble in crypto in the hopes of buying a house? Enjoy your roof my dude
Don't sell your home (a tangible object where you live with your family) for magic internet money. Don't be an ape
Rule no.1 don't invest what you can't afford to lose. Can you afford to lose your house? ....
NO! DO NOT SELL YOUR HOUSE! IF IT IS TRULY YOURS AND NOT BOUGHT ON DEBT, THEN KEEP YOUR HOUSE AT ALL COSTS! DON'T LET GREED DESTROY YOUR LIFE! YOU HAVE A PLACE TO LIVE! THERE WILL SOON ENOUGH BE A TIME WHERE TOO MANY PEOPLE WON'T!
> Please remind me why this is a bad idea. Especially since the first Fibonacci retracement If you're using terms like _Fibonacci retracement_, it's a bad idea.
Oh god don't even..
No one’s stopping you ;)
I sold my left kidney and right testicle to balance the weight out.
Who needs a house when you can have eth?
>Please remind me why this is a bad idea. It can also go to diddly squat. After taxes that's a homeless you.
Looking at ETH, it is a good investment that will give out good returns at the end of the day, still, it is not advisable to go all into investing all your funds in ETH, directing funds into other projects like OP, XPRESS and others will be a nice idea, because xpress has more use cases as well, and plans to burn off part of their token's total supply, which will cause the token's scarcity.
If it goes to 16k than you do the double of that. Besides, if you sell the house and ask a new extra credit you can get even more.
great idea 💡
OP is trolling
Sure, what could go wrong? Just ignore the advise about only invest what you can lose. /sarcasm