Quote from: Shasha80 on October 09, 2022, 12:41:16 AM

Quote from: Pejoh Asu on October 08, 2022, 10:49:43 AM

If we have a plan to be an instant rich person, the best and fastest thing we can do is buy bitcoin, if you have assets such as property, gold or others then I suggest selling and using to buy bitcoin, I have friends who sell houses worth $ 100K to buy bitcoin a few days ago, he has a vision for a long -term hold.

I admit buying Bitcoin now where the Bitcoin price is already very low can give us a very large profit in the future. Moreover, if we can buy Bitcoin
in large quantities, our chances of becoming rich are very large in the future. But what we need to remember is that Bitcoin is not 100% safe,
especially if we are inexperienced and lack knowledge about the crypto world, it can be a loss when investing in Bitcoin. I still suggest buying Bitcoin
wisely, just gradually with the extra money we have. What your friend did by selling his house and then buying Bitcoin was too risky in my opinion,
if it turns out that Bitcoin is not moving according to your friend's expectations, then it will only make your friend panic and can make the wrong decision.
Besides, I don't know how strong your friend is holding Bitcoin, I hope your friend is able to at least hold Bitcoin until 2024/2025.

Most of the predictions say that in the future bitcoin will go higher and the value will be much greater than it is now, but you see, no one can guarantee us all, it all stops at the predicted level. It must be said that selling a house and investing all of your assets in bitcoin is too risky, don't just look at the profit it brings, look at the risks it brings.

@Pejoh Asu, I guess your friend heard the prediction that bitcoin will grow to $100k by 2025 so he decided to sell his house to invest in bitcoin
is that correct? And what if bitcoin doesn't rise in 2025. Did your friend take that into account?