Selling your house for Bitcoin seems like a pretty risky thing to do. I guess its a high risk high reward scenario depending on how long your time horizon is for holding the BTC. The timing is right for such a move to pay off big, but it would also be really embarrassing to lose your house over some magic internet money. I definitely wouldnt go investing in whatever the latest altcoin fad is with your funds.
As many people have said this is quite high risk and not a good way to do it, if he for example holds bitcoin for a long time (5-years) it is possible to get high rewards from holding it but along the way it will not be smooth sailing for ordinary people always impatient, they want reason, if the market is bearish for a long time, it can affect their mentality, what you need to do is with the scenario that has been designed, what about the consequences later, and it's better to think again, but by buying bitcoin, it's better slowly but he can execute in his strategy.
Obviously this is something that must be avoided, never jump into new altcoins or other old altcoins. This is not a good prospect, but avoid altcoins even if they are lured by hype or high percentages.