Can you sell your properties to invest in cryptocurrencies.

Ahmedo24

Valued Contributor
It is Fundamental that cryptocurrency Investment is very volatile and risky considering their nature but not with standing there are lot of people that are still making huge amount of money from it probably because they are well informed such that they know when to buy and when not to or because they are very lucky such that they invest when the market is on the bull run. Binance CEO said he has to sell his property.to launch the Binance Exchange platform that is currently the largest with lots of activities on going there , it is also obvious that he has made much more than what he sold his property back then.
In your opinion can you sell your assets offline and invest in cryptocurrencies ? Share your views on this subject of discussion
 

btaliat

VIP Contributor
Crypto liek other investment is to be taken with caution because of their high risk tendency. Personally, I don't like taking risk without being calculative. But most people are greedy and prefer putting on their stakes on investment without even mind the outcome. Though, not taking a risk is riskier but I don't support putting or selling properties to invest on any investment.
 
Comment

sincerem

VIP Contributor
That's not possible dear, my property must remain to serve me in the future. Even though I love investing around Cryptocurrency not just for selling my valuable property to fund my Cryptocurrency account to invest and forget it there. In life we ought to have B plan, and C, and not just putting our head on one basket to earn.
 
Comment

Yugocean

Moderator
Staff member
When you come to business,crypto is one of them and not the only. Many people sold their property for the capital of their business. Binance owner decide to do crypto business and this is wh he sold what he had and gained capital. So your question is already wrong and incomplete.
 
Comment
OP
OP
Ahmedo24

Ahmedo24

Valued Contributor
When you come to business,crypto is one of them and not the only. Many people sold their property for the capital of their business. Binance owner decide to do crypto business and this is wh he sold what he had and gained capital. So your question is already wrong and incomplete.
I don't think the question is wrong in a any way because people will definitely have different opinions on selling their property or not. Personally I won't sell my property to buy or invest into cryptocurrencies I will rather work online to earn money and invest into cryptocurrency. The Fact that CZ of binance did it doesn't mean others will do the same m
 
Comment

Mika

VIP Contributor
I do not think that will be considered a wise decision considering the fact that cryptocurrency is a volatile market and real estate is one of the secured investments. However, it is also true that when major crypto currencies like bitcoin and ethereum start to grow, they grow exponentially. YOu can check the price history
 
Comment
OP
OP
Ahmedo24

Ahmedo24

Valued Contributor
I do not think that will be considered a wise decision considering the fact that cryptocurrency is a volatile market and real estate is one of the secured investments. However, it is also true that when major crypto currencies like bitcoin and ethereum start to grow, they grow exponentially. YOu can check the price history
No doubt the growth is usually amazing but the fact is that one should not be carried away with the bullish market which also consider the fact that there could be a trying moment in the market so investing certain percentage of your well into cryptocurrency is better than selling your properties just to invest in cryptocurrency because it's a risk that is not really advisable in my opinion.
 
Comment
Top