Bitcoin Forum

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

But when i discussed the information of Bitcoin with my father and he said if i have seen someone who has benefited in Bitcoin, i responded that i have not seen with my eye anyone that is a Bitcoin beneficiary, but after reading the technology of Bitcoin and i noticed that it's an asset and people do invest on Bitcoin and make profit and i decided to sell part of the portion of my land to invest in Bitcoin for long term.

With the Passion i have on Bitcoin i do think that we are supposed to ensure that people have known what's Bitcoin in our various societies, and i have decided to teach both mother's and father's and youths of Bitcoin after i have understand it very well. The place I'm i don't think five twenty percent knows what's Bitcoin. So i have discovered that Bitcoin is an asset and the information most be shared to my friends who don't about it.

Bitcoin is undoubtedly an asset, only that it's a virtual kind of asset. Anything that has value and could be owned is an asset, which makes Bitcoin one of them. And for it to have a value of about $28,000 and be listed in the world's electronic trading means that it's a high-value asset that is tradable.

It's you that should plan your investment in this asset very well and will always be making money. Even if you do not know much about Bitcoin and trading generally, just be sure that you learn how to read the peaks and bottoms of the asset.

Then invest when it's always at the lower levels to maximize your profits.

That's great if you intend to teach moms and dads and other people about bitcoin so they will know that there is bitcoin that could be one of their assets for the future. But I hope you don't force them to accept your explanation because, for other people, bitcoin doesn't make sense, especially since there are already people who have benefitted from it. It's not easy to teach bitcoin to them but it's also a challenge for you.

I suggest teaching them slowly and trying to open their minds to the fact that technology has advanced and we must be able to adapt to it. Bitcoin is such a technology that it takes a willingness to learn to accept it.

You content is just all over the way place. You could try being a bit calm and focused and your sure to have a better composition than what you've got now. A lot of repeated ideas that isn't coherent.

Meanwhile, its never idea to invest more than you can afford to lose. Selling your property to invest in bitcoin or cryptocurrency isn't the best of ideas, you might profit in the long run but, its best to be safe than sorry becuase, you might panic sell should the market go bearish and coin dumps.

Always invest with spare coin, it would save you save you the pressure of having to think about either your profiting or loosing.

After reading the technology of Bitcoin i understood that it's a virtual, that made me to divide the property before i sold out, i knew that it's a higher risk, it might profit me in future or i lose everything, with such reason of Bitcoin being virtual i half the property and withhold half for future purpose. if i wanted to be stupid i would have sold everything and focus for the Bitcoin alone, but i knew the investment may fail me or i succeed of making good profit. that's the purpose i sold half and remain half for my self.

Sometimes taking quick decisions just because you want to invest in bitcoins can end regretfully. I am of the opinion that rather than you quickly deciding to sell the property, you would have first considered leasing it especially since the property was just shared to you. Real Estate (Property) is still a good investment because the value of real estate appreciates with time. By leasing the property, you would have still had some money to invest in bitcoins and although not as big as when you sold, but that would have been okay still since leasing will give you some constant amount of money based on agreement.

From how it looks, since you sold part of the only property which you have that was shared to you, the amount you have invested in bitcoins is an amount that you cannot afford to loose.

Everyone has their own plans and goals, if it has been decided then I respect it and hope that you will receive "sweet fruit" from your investment and the risk you take.
Yes, that's right, you already know the risks and the worst possibility that if you don't meet expectations, you will bear it yourself, not someone else. I hope you won't be offended and feel bad because of some of the responses from other people.
Because everyone has the right to express their opinion according to their own thoughts.
I think you've made a good move when you're not greedy to risk everything just to invest, I think what you do is you just try to take advantage of the big opportunities with the property you own in order to get the maximum profit too.
I hope you don't regret your decision and focus on your goals and I hope you will be successful with your investment plan.

I am not really sure what you're saying here.  I of course understand that English is not your native language, but what exactly are you getting at here?

Secondly, I can't stress enough how important it is to meet with a financial advisor to discuss these types of things before you go ahead and actually pull the trigger.  It sounds like you're taking quite a high level or risk.  Is this something you're okay doing.  What if bitcoin crashes down to $1,000 a coin, are you still going to be okay with the decision you made? It's important that you realize bitcoin is inherently not an investment, but rather a digital currency, a means of transacting payments. 

That is exactly the point, sir. I have also read about men who made fortunes from bitcoin; they did not sell anything to buy bitcoin; it was the opposite. But in this forum, there are a lot of stories by some users who claim to sell one thing or another to invest in Bitcoin. Selling real property to invest in Bitcoin is, in my opinion, absurd.

But in the OP's case, he said he divided the property into two portions, so the second half is his plan B, should the virtual asset fail his expection. At the same time, people who make this type of decision should always be prepared to accept the outcome and not live their lives as if everything depends solely on their Bitcoin investment. 

Since Bitcoin is money then we can conclude that it is an asset.  As per the explanation[1], an asset is the resources you own and control that is expected to give or produce future economic value.  Hence, Bitcoin can fall under that despite being called a cryptocurrency.  Since Bitcoin is expected to give more value in the future, it matches the definition of an asset. 

Bitcoin had been known as an asset for more than half a decade now.  So you are not the first one to have discovered or been enlightened that Bitcoin is an asset.

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[1] https://www.quora.com/In-economic-terms-what-is-the-difference-between-money-and-assets

From what I read from your explanation it seems you have a passion for bitcoin. But in investment passion or emotion is not enough to dive into a business. You need the information to make financial decisions. And from your thread, you don't have enough knowledge about investing in bitcoin.

You said you have already sold half of your inherited property and invested all the money in bitcoin. This decision is not a bad one because you might end up benefitting from your investment. But one of the golden rules of buying and hodling bitcoin is to invest what you can afford to lose.

You also said you want to start educating people about bitcoin. I hope you will teach them the basics of bitcoin and don't just introduce Bitcoin as an investment but also teach them about Bitcoin as a currency. Don't persuade them to invest in bitcoin because they might not know the risk involved. After the have embraced the coin, some of them mightt decide on their own to invest in the sector.

Different person gets rich with Bitcoin and that took place because they are patient enough until bull market comes, my investment with Bitcoin is not short term investment, i have decided to run a five years term investment with Bitcoin as i started, i have no remorse  or regret for my decision, two things is involve for investment, either you gain or you lose, i can be opportune to make profit for this investment and have double of my capital, Bitcoin crashing to $1000 it won't affect me much because the risk and decision has taken already,

Is this the asset vs currency discussion? Been asked multiple times. Bitcoin is both an asset and as a currency, technically. But it is more being used as an asset simply because of the market price volatility and lack of acknowledgement in many countries at the present. Market price volatility benefits those who knows how to manage risk and analyze the market behavior. Also, as long as volatility exists, it would be hard to use it as a currency on small transactions or daily transactions perhaps because there will be guilt from doing so, regarding profit potential from just holding it. Also, as in line with being a currency, there will be no baseline price given that its value moves a lot.

No, I think this is about OP sharing us his enlightenment of understanding Bitcoin as an asset.  He shares his thought and stated that after sometime of studying Bitcoin he discovered that Bitcoin is an asset and wanted to tell it to those who do not know.

Anyway, I think @OP don't need to dive in that deep to understand Bitcoin is an asset because information about it is already scattered on the internet and it has been a discussion and there is even a debate about Bitcoin being an asset where the person who is in favor of Bitcoin being an asset got the upper ground.

Yes, it is an asset, and since you've already done it that you've used your property money in investing in bitcoin. It means that you're putting money where your mouth is. And by that, it's actually the great initiative that you did, unlike the others that keep on talking about how they've discovered bitcoin and how they admire and hope to have one but never did anything in taking risk of it. Good thing that your father didn't discourage you and forced you to take back the money you've already done investing in bitcoin. Because with other stories that I've read, they've been forced to take it back due to the uncertainty that owning bitcoin is portraying. Yeah, there is that feeling because this is an asset that's highly volatile but worth it to have if you understand it wholly.

Everything that has a value is an asset or can be an asset. Putting half of your wealth into Bitcoin is quite risky. It's an acceptable and even smart move if you have very little property, because even if things will go bad and Bitcoin fails, you could earn that value through other means. But if that's a decent chunk of wealth that can't be earned easily, like a large inheritance, than risking half of it is not good, better allocate only 10-20% in Bitcoin and the rest into safer assets.

He is implicitly saying that he wants to have merit for this one. Like the guy yesterday who allegedly was able to buy a bike thanks to bitcoin.
 (https://bitcointalk.org/index.php?topic=5441136.0)
Several of us told him in the thread to give some proof of this and he refused. Nevertheless he got 11 merits, and he is a forum member who usually gets few merits in relation to his activity.

This kind of thread abounds. I think I'm going to open one like: 'I bought a fucking yacht thanks to bitcoin' to see if I get merits too.

Leaving aside the 'bitcoin is so cool that I've invested in it', I am goint to point out that although it is primarily a financial asset, it is also used as a currency. I think it is not a question of one or the other. It is both an asset and a currency, although the main use is as an asset.

yes, bitcoin is a future asset that is now increasingly interested in by people in this world, and I think you have done a good thing to invest in Bitcoin because you are aware of the risks of investing in bitcoin.

if you spread it to your friends and your family I think it's the right decision, as long as you also tell them about the risks of investing in bitcoin.

OP,  discovering from your story you took the decision of investing in bitcoin from the proceeds you made selling your property and this decision to invest was completely a self made one without being convinced by anyone about it so invariably whatever the outcome you're solely responsible for it, now that's a good. In same vein if you have now taken it in upon yourself to discuss and share with other people around your environment about bitcoin as an asset please and please do well not to be the one to encourage them, or by any means pressure them into investing. Let whatever they do with the information you give them be a responsible of theirs to bear in the event of things going south.
Why am saying this is because not everyone has a good understanding of how the bitcoin technology works and if anyone wants to invest in ti let it be out of their sole decision and not because someone else asked them to, this is due to the tendency of humans not wanting to accept responsibility of the outcome of their actions but shifting blames at a slight chance.

You make decisions an exact rarity in your life. We know bitcoin is one of great profitable investment in the world, the price is very violative than another instrument, but you must in preparation for what happened in the next price if dump immediately or price is very wildly moving up and down. bitcoin is easy to sell than property, That's one of the weaknesses, if you haven't patient, you will panic and sell it immediatelly, it's different with property, where that need about a couple month to sell in what your offers.

you are very brave in determining your investment steps, by selling the property you own, even selling land, have you thought about the risks that will occur?

but it's your decision, what you do must have been calculated, but you have to remember that bitcoin is a digital asset, and you invest in it, you definitely know about the positives and negatives of investing.

I suggest not to be too complacent in investing, until you sell all the properties you own,
this is just a suggestion guys

Bitcoin is not an asset, if you state that the I advice you to read the whitepaper and see what Bitcoin was created for. Many people use Bitcoin as an asset because they are greedy and selfish. Those people will never help Bitcoin in any way, since a currency relies on being widely used.

indeed we often hear that bitcoin is the asset of the future, but some like it and some don't.
and indeed investing in bitcoin is very risky and lots of people experience losses from investing in bitcoin.

but in my personal opinion bitcoin is a future asset which of course has good potential for the future.
that's why in this world there are so many people who invest in bitcoin to be passed on to their children, and what makes them dare to invest in bitcoin is because they have analyzed and predicted that investing in bitcoin has great potential for the future.

I think if in your area, rarely know about bitcoin, I think the decision you made to spread bitcoin is a positive thing.
and you can also ask your friends or family to join this forum with the aim that they get lessons about bitcoin.

I agree that spreading awareness about Bitcoin is important, especially in areas where there is low knowledge about it. The more people know about it, the more they can make informed decisions about whether or not to invest in it.

because you haven't seen the benefits yet, your father definitely won't like it, but if you are sure about bitcoin you can buy it first, then show it later, indeed sometimes we have to show the results first so that other people believe.

I believe the decision you are making now is very right because although the risk is very big because you sell property assets to invest in Bitcoin, for those who already understand about Bitcoin then what you are doing now is very supportive because the benefits you will get later can buy more properties that you sell at this time, And only people who don't understand Bitcoin think that you made the wrong decision, and I as a crypto user really support you especially you are also very kind to share knowledge with people around you today.

If it were me, I would never invest or spend money on something I don't understand well. What if you only know how to spend money to buy bitcoin without too much knowledge as well as its volatility history? I bet when you are a newbie who doesn't know anything about the volatility of bitcoin, you will also panic and even dump when bitcoin plummets.

Investing a lot or investing early can't bring you profit if you don't have knowledge. Knowledge is the only thing that will help you limit your losses and help you make a profit in this market. In investing, do not rush, be fully equipped with knowledge before investing.

I don't doubt your guts about Bitcoin and your understanding that it is a very important asset and could also be a very good investment opportunity for those who are able to invest in it, but I also believe that you could also get profit out of the land that you had and there would be no risk in that while investment in Bitcoin or any cryptocurrency carries risks along with gains that it could provide.

It's a good thing that you feel you should educate your parents and others around you about Bitcoin because Bitcoin so far has proven to be a very successful asset and a great innovation for this era, and I believe you should understand all the risks and everything involved yourself too since you are determined to have your money invested for a long-term.

This is really a brave and risky decision. But, once you have made the decision, you have made yourself involved seriously. And I think that you will be very serious about Bitcoin investment. No need to panic every time the prices go down. Or even never panic with many FUDs. But I know the problem is how you are going to tell and ensure your family about it. Because, selling property to buy Bitcoin in which not visible will involve many cons, morover if our family still doesn't understand about Bitcoin investment.

Considering how much I have been involved in bitcoin for so many years, I have to say its basically half of my life. And I do not mean that any lightly neither, considering 1/3 of my life is sleeping, that means 8 hours per day, and the other 12 hours is spent in bitcoin world. So that leaves me with just 1/6, or basically 4 hours of my life to myself. Think about it, I spend 3 times more time on bitcoin everyday than my regular life, anything I do, this is the thing I do most in my entire life. One thing is difficult to handle which is the burn out part, because sometimes I really don't want to work, like lately I have been feeling overwhelmed and need a rest, and can't because I have more debt than I can pay even while working, but in general, when I look at my life, my job is soooo wonderful that there is not a single job in anywhere in the world that you can offer to me today that I would accept, or I would be bad at it (like if you offer me to be new striker for real Madrid, I wouldn't be able to, so I assumed realistic offers) so I am at the best job that I could ever do, and it is in crypto marketing world and it is the most time I spend in anything ever.

From what I've experienced with Bitcoin as far as I can tell @OP you're going the wrong way. Because investing in Bitcoins by selling them is nothing but stupid. Since you want to hold for long term then of course you keep investing and trading with small amount of bitcoins. This is how bitcoins will be earned If you want to invest by selling property, you will definitely have a lot of risks that you may face in the future. Bitcoin price will increase in 2024 because Bitcoin halving is indicated around 2024. You can invest bitcoins from your income I think it is better not to sell the property.

So what are you investing in bitcoin for? Don't try to be magnanimous to speak ill of others when you yourself are discussing the bitcoin price every day. It is true that bitcoin was created as a peer-to-peer payment method, but it is a multi-tool and more. Everyone has different purposes, as long as they use bitcoin and benefit them, then bitcoin is already a great thing.

Bitcoin is no doubt an asset and we have many people on the forum that has benefitted from bitcoin investment. As an example, I can tell you the proceed I got from bitcoin so far will conveniently get me a car and live well for a year

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell because you are not that concerned about the money. In this situation whereby, you sold some part of your property to invest, if the price dumps very low,it might become a lost. I hope that you have a noncustodial wallet to keep your coins safe because hackers are everywhere on the internet. You took a big risk and life or investment is all about risk taking

OP has decided to divide the property into two and sell half to invest in bitcoin. Bitcoin is a great investment, and he will not lose money unless he sells when the price is below his cost; if he holds for a long time, he sure will make profits. I believe the OP is already aware of Bitcoin's volatility, and it was prudent of him not to sell all of his property to invest in Bitcoin. That's what some people would have done, and when the market is not in their favour, they look for someone to blame.

always best to diversify your portfolio. tangible assets, or digital assets. and as much as possible you have the full control of your assets and not controlled by third party sites.
crypto is still a very volatile asset, so you do need to consider such factor before going big into this market.

The only people who consider Bitcoin as an asset are those who believe that the value given to it by markets/speculation is so significant that it should be considered one. In reality, it does not work like an asset. Your car is an asset. You can not instantly transfer your car to someone overseas. Your car can not change hands with 10 people in a matter of 1 day. Similarly, your fiat in the bank is not an asset. It is not something you aim to store for a long period of time without touching it. Yes, it fluctuates with the price of other competing currencies, but does that make it an asset? You make the money in your bank ultimately to spend it on things like assets. Bitcoin is the same. Eventually, you will probably use Bitcoin to pay for your groceries, assets like cars, appliances, etc., give your kids an allowance and so on.

Bitcoin is a currency and its price is only volatile due to market speculation and instability of fiat currency

I know that the point of the OP isn't to start the asset/currency debate. Though I've replied in this way because calling Bitcoin an asset is wrong.

If you're going to make an argument like that, you could at least find out what an asset is before you write such a rant.

What Is an Asset? Definition, Types, and Examples (https://www.investopedia.com/terms/a/asset.asp)


The article gives many examples of assets, and one of them is even cash.


Yes it is. Despite being a currency, fiat in the bank is also an asset.

Besides, I don't know where you get that being an asset or not has anything to do with the transfer speed of the asset.


There are assets that are more liquid and others that are less liquid, some transfer more easily and others less easily.

If Bitcoin is an asset, digital asset, will I have to pay tax by having it in my asset portfolio?

I guess I only have to pay tax if I sell it.

Do I pass it to my children or grandchildren as inherited asset?

In my opinion, bitcoin is an asset, a currency, a safe haven like gold… it all depends on how you use it. When you use it as a payment method, pay bills, or buy goods, it's currency; when you use it for profit, it's an investment; when banks keep failing, and you need an alternative, it's a safe haven. Bitcoin is all you want, Bitcoin is not just a currency or an asset. OP is not wrong to call it an asset, and you are not wrong to consider it a currency either.

Well, that might be the stupidest thing that you can ever done, but hey... it's your money, it's your property, and as long as you're ready for the possible risks and consequences that you might face then there's nothing wrong with it. If I were you, I will not sell my property just to buy Bitcoin. I hope that you will not regret making that decision because many did regret selling other things to buy Bitcoin. The problem with them is that they entered at a wrong time while in your case, Bitcoin is still in the process of recovery, and we are not yet still in a bull run.

Bitcoin has been a currency every since. It's just that, because of it has the same feature as other assets out there like the Stock Market, and other precious metal which is volatile thus, some of the investors characterized Bitcoin as an asset. As for me, I think it's safe to say that Bitcoin can be both an asset and an currency right? :D

Bitcoin is a potential asset you can invest your money and it will bring you double income, if you apply long term holding which is one of the advantage many investors used to maintain success in their investment. Bitcoin is very popular in my country, because the information has been circulated around the country despite is not yet legal tender but many youths know how important it is to humanity to become a somebody in the future. I think, you made a good decision by investing the half of your properties on Bitcoin because the green light is preparing to remain stable for the price to hit $30,000 next month.

I agree with the potential as well as the rewards that bitcoin can bring us, but I don't see you talking about the risks of investing in bitcoin. Don't forget that the higher the return, the higher the risk. Investing in bitcoin can be very profitable but can lose you 50% of your assets if you don't know how to invest. The percentage of those who make a profit in this market is much lower than that of the losers.

You cannot call it as a "safehaven" like gold because bitcoin has volatility that cannot be compared to other assets. Safehaven is a term that defines a security, which means that your money or the value is safe in any given situations. Remember that there are situations in the cryptocurrency market that is considered as really bad and those times a lot of coin are keep dumping and for me it is the reason why you cannot call it a safehaven. For me, bitcoin is an asset that can potentially help you to achieve financial freedom. I really mention the word "potentially" because there are no certainty in this high volatile market.

Potentially means that you can only make money if you understand the basic price patters, how it works, the foundation and also basic knowledge not only about bitcoin but also about technical analysis. When you have these kind of skills, you can potential make money that can help you to be financially stable.

Selling your property or anything else to invest in cryptocurrencies is not a good option even though I recognize Bitcoin as a future investment asset. Behind the passion that you are feeling, try to relax for a moment and catch your breath then try to think about the risks behind investing that will be obtained. I do not prohibit you from investing in Bitcoin, but prospective successful investors do not do what you do in starting their success journey.

not a few do things like you say, because it has been revealed that investing in bitcoin is very profitable. but sometimes the behavior that is carried out is wrong and not long-term, if the property being sold is a property which is also an investment, of course it is legal, because it transfers from one investment to another.
but if the property being sold is one that has been used as a residence so far, this is clearly not good. because by selling it will rent for a place to live and obviously this is the wrong thing.
Bitcoin investment is obviously good, but don't use assets that are really needed for the movement of daily life, because you can use another and there is always an opportunity to do that.

One important fact about bitcoin that many people overlook is the fact that it is an asset. By understanding the asset's functionality prior to investing, you can make a decision that is justified and aware of the risk involved. You can also be certain that when the time is right, you will make a profit because your decision has already been made, as opposed to those who don't even understand the value of bitcoin and simply buy when the price is in their low and end up selling  everything eventually and if you study the price chart of bitcoin  from 2013 till 2021 you  will know that investing  in bitcoin  is one of the coolest idea  when bull run starts.

Bitcoin is an asset and it depends on how we want it. It is both a currency and asset at the same time. We can buy Bitcoin and hold it for a long time and the value is going to appreciate unlike fiat that it value does not appreciate. Fiat is very stable that is why many persons will always choose to buy Bitcoin and hold it as long as possible. Bitcoin can appreciate or depreciate in value even in seconds. As an investor and a trader, I like investing in volatile projects so that the changes in price can give me good profits if I play my game very well.

Whatever the reason why bitcoin was invented, that's all there is to it and it can't go beyond that.

And the dominance of bitcoin has not harmed everyone, but instead has helped not only the economy of other countries that have recognized it but also the various individuals who have also believed in it. Then the question is a bit unrealistic at this time.

it's great that you've realized the importance and potential of Bitcoin as an asset and decided to jump in and give it a try. But just remember that, like any other investment, there are risks involved. Be ready for market ups and downs (and downs that can last for months or years) and make sure to diversify your investments to reduce potential losses. It's nice that you want to spread the word about Bitcoin among others. Teaching people about crypto can help them get a better understanding of crypto currencies which will make them a little more confident when trying to invest in bitcoin. Just remind them to do their own research, understand the tech, and invest responsibly.

No, we are all looking at bitcoin as an investment asset, and we have overlooked the important fact that bitcoin was originally created as a currency, not an asset for speculation. I believe many later participants do not know the real purpose of bitcoin because now when mentioning bitcoin, people will immediately think of investment. But whether you consider it a currency or an asset, all is true, as long as it brings value and benefits to you, bitcoin is helping us in one way or another.

It's a given that he thinks this way since the OP is still at the beginning of his journey in Bitcoin, once he has enough knowledge, for sure he won't be contented sitting around waiting for the next turn. I am sure he will find another way to increase his income or maybe he will find something for him to start practicing the things that he learned so far such as what you've said "technical analysis".

I won't judge the OP by his decision on selling his property for the sake of a volatile investment because it's his choice, but just like you do, I wont consider bitcoin as a "safe haven" just like what he sold in exchange for high volatility asset.

Well in my place Bitcoin is not a legal currency as a payment but as an investment or an asset it's legal to have Bitcoin. Many people already know about Bitcoin and many of them invest in there but not a few of them is supporting Bitcoin, maybe when they join crypto they fall to the scammer trap and lose their money there and call crypto is a scam especially Bitcoin.

Bitcoin is an asset. But not many people want to use bitcoin as an investment because they are used to using other types of investment. But if you sell part of your land to invest in bitcoin, I don't think that's a wise reason because at least land is also part of that asset and investment. Land prices could go up a lot in the next few years although bitcoin prices could also go up.

But it's up to you because the decision is in your hands. But the important thing is that you realize that investing in anything has risks and you have to accept that risks.

Another one, this time op sold his property to invest in BTC, all these stories of i sold x to invest in BTC or i have done x to promote BTC does not really age well in the forum anymore, people who post it do it without attaching any proof to it, and sometimes what they attach is easy to fake. I'm not asking anyone to doxx themselves, but it is just hard to believe any of these stories anymore.

OP you found out about BTC not too long ago, and you already claim to be selling part of your property to invest in it, i will not do that if i were you and it is not the correct way to buy or invest in BTC. Before buying BTC you must have understood basic things about it, like invest only what you can afford to lose, and selling properties or taking loans isn't a correct method of investing, you must have also understood how to hold it, and i hope you do, i can't imagine someone selling their property to buy BTC only to store it in a binance wallet.

Bitcoin been an asset is as the benefits of the limited supply that Bitcoin has, also the exciting factors that comes from speculating on the price of Bitcoin through trading makes it a perfect investment opportunity and if you have some spare money you can buy and hold for the future. Although it's encouraging for people to invest in Bitcoin but don't over invest.
Lands are valuable assets, it mightn't be growing as fast as Bitcoin is growing but you can always be sure that a landed property that you own will always appreciate in price over time. What if that area you own that land becomes a hot area in the future and selling for millions due to development coming into that area, always hold on to your land.
Bitcoin is a very volatile assets that can make you rich today but broke tomorrow if you panic and sell when the market is crashing. I just hope you will have the patience to allow your investment mature.

Regarding the tax implications of Bitcoin as a digital asset. In general, the answer to your question depends on your country's tax laws and regulations regarding the taxation of digital assets. Yes, if Bitcoin is considered an asset in your country, you may be required to pay taxes on any increase in value while it's in your portfolio. This is known as capital gains tax.

However, you typically only need to pay taxes when you sell the asset, not when you hold it. As for passing Bitcoin to your heirs, inheritance laws vary by country, but in general, yes, you can pass it on as an inherited asset. Your heirs may also be subject to taxes when they sell or transfer the Bitcoin.

Selling part of your land maybe a not so wise decision, but that money could multiply in the next 3-5 years, while that portion of your land may only get a few percentage of increase compared to what you'll get when you sell your Bitcoin at the new ATH.
But, it's still wiser if you're not gonna sell all your land properties as lands always have value that will appreciate as time passes by.  That's one way of diversifying your investments.

It is stupid to sell your property for Bitcoin unless you are a very rich man that has many properties, there have been so mamy stories about people that lost everything to assets before, Bitcoin is not a guaranteed investment, so every investor still needs to be careful when investing in Bitcoin, invest only what you can afford to lose because when losses comes it won't be life threatening.

It seems a big deal for you after knowing that bitcoin is an asset but I think you already know this even at the start because why would you sell your land and then say that "you will invest" in Bitcoin? We only invest on something that is considered as an asset.

I bet you already know that Bitcoin is also a currency and this is its primary use so you should also introduce this functionality after discussing to your colleagues and mates that Bitcoin is an asset. Thanks for spreading the word Bitcoin in your place. We so much appreciate it. You're doing that either to help Bitcoin became more popular and you can get more profit or you are just not selfish but you also want to share the good news to others.

we do not know what's his motive in making this post, either he is already aware of the existence of bitcoin or not, it's not something we should intervene, but for the sake of selling his property I could say that it isn't the smart option he could make. there's a lot of options he could do in order for him to make investments like finding side hustles and more but he chose what he wanted. to be honest I wouldn't recommend investing into something so volatile in exchange of your stable asset.

Congratulations on getting your first steps in the world of cryptocurrency! But I must say OP, what you did with your money, is something that I wouldn't really recommend, especially to beginning members of this forum, and beginning investors of bitcoin. Despite the fact that it has a historical positive value trend, the time-relevant up to date pricing could easily spike up or down, therefore causing you to either reap handsome profits, or lose your money in one go, by which the latter is something that I doubt newbies will be able to take. With that being said, you are right, bitcoin is an asset that works for you, allows you to not only earn money, but at the same time save yourself a seat in the future of digital currency.

if the situation is the market is in a pretty bad dump. I can understand his point about selling his property to invest. but with the current situation, of course, it's too big a risk when selling assets to invest in bitcoin with a pretty good market trend situation. this requires good focus so he doesn't lose momentum when market fluctuations work.
however, the attitude shown is based on full faith in Bitcoin.

I think Bitcoin is the best for investment. It is definitely possible to make proper profit and profit by investing in Bitcoin. Because besides everything, the price of Bitcoin has the potential to increase. Many of us are scammed by investing in other sites instead of investing in Bitcoin.  Choosing Bitcoin is the best way to avoid scams. I chose Bitcoin by looking at online websites. I want to say from full confidence and experience, Bitcoin is the best investment in the world at present

Selling your properties to engage in the cryptocurrency industry is not a good idea, and no crypto expert will advise you to do so because even the Bitcoin you're calling is unreliable and comes with significant risk.However, if you have genuinely done your research and believe that this is the best investment you can make at this time, I will say that it is okay. However, I will advise you not to make bitcoin your only investment. because I believe that investing online is not reliable compare to physical investment. Please don't let us be overly eager to sell our properties because we want to make a fast buck and risk it on uncertain investments.

The selling of one's valuable properties such as cars, bikes, and jewelries to buy bitcoin is really not a bad idea. But honestly, I cannot sell a landed property or house to buy bitcoin because the market value can as well appreciate within a short time. I know you are looking at the next bull season and hoping that bitcoin would hit an ATH and you probably would get a good profit of your bitcoin investment, but let's be sincere land is one property whose value can double or triple within a short period as well and no matter the temptation, I would resist it not to sell.

In terms of educating others about Bitcoin, it's a great initiative to spread awareness about the potential benefits of this technology.
You can start by sharing your own experience and knowledge with your friends and family, and providing them with resources such as articles, videos, and books that can help them understand Bitcoin better.
 It's important to approach the conversation in a way that is informative and objective, rather than pushing them to invest in Bitcoin.

Additionally, it's important to note that while Bitcoin can be a valuable asset, it's not a one-size-fits-all solution for everyone. Different people have different financial goals and risk tolerances, and it's important to consider those factors before making any investment decisions.

Of course it's not a good idea to sell properties to get involved in bitcoin investing, because one can take the DCA opportunity to make more stable investments, but for people who are ready to take risks that's fine with me, as long as selling part of the assets owned will not cause new problems.

If you believe bitcoin is the best investment asset and can maintain its value, there's nothing wrong with starting with a slightly extreme mindset, as long as there is a backup way so you don't get into trouble after selling some of the assets you own. People who are willing to take risks in bitcoin investing will be successful, but most importantly don't panic and try to cut their losses when the market corrects again.

It's good to believe that you have bitcoin, but it seems wrong to sell half of your property just to buy bitcoin. The risk level of what you have done is quite high.

    Because as time goes on, the value of properties such as land increases, which we can say is an asset. So since that's already there and you've done it, just pray that the value of bitcoin will increase more than you expected so that you can buy again more of the property you sold.

But maybe he's thought things through enough to finally decide to sell some of his lands so he can invest in bitcoin. And we can also do a different plan than he did because our financial situation is different from the others. And it's best before we decide what we will do if we want to invest in bitcoin, we should examine all the possibilities that we can do so we can have more choices later. Preparing a plan to invest in bitcoin starting a few months ago can also give us a bigger chance to get bigger profits.

The OP is the one that has the final word about what they will do, but without a doubt it does not seems like the best idea to me, after all it seems they have been aware of bitcoin only until very recently and investing so much money at once seems like a rushed decision.

Now I would think differently if we we are talking about a person with years of experience on this market and which has experimented a bear market before, but since this is no the case then this increases the chances the OP will not get a good outcome.

Since he's new to bitcoin, he hasn't envisioned the risks of investing in bitcoin yet, I guess he's just dreaming about the return he gets without the risk. It can be said that selling property or real estate to buy bitcoin, a highly profitable asset but not guaranteed, is a bad idea.

Sometimes I think that some decisions we take are not absolutely right and some are right base on different understanding of bitcoin investment, from my area of concentration or understanding, whosoever that wants to invest in bitcoin with the hope of selling its property should understand how regulation of bitcoin  works, it will be of good opinion to sell acquired property to invest in bitcoin when you have already know the implications of bitcoin. I think that some people are myopic enough to venture into what they don't really know about, and that leads into negativity because the invest who because of mere information of bitcoin and sold it property to invest in bitcoin might run into lost during the time of investment. I'm of the opinion to scrutinised or penetrate into what kind of investment you want associate yourself before properly going for it.

Yes this is absolutely true, in my environment too, I have never seen anyone doing that selling their property to invest in bitcoin, not even the crypto influencers I know either I have never heard of them doing it. Except maybe the assets that are owned are useless and just a waste of money, then it is a reasonable decision to invest in bitcoin.

In principle investing in bitcoin must use extra money or money that we will not use for a long enough period of time, maybe you can think of money invested in bitcoin as lost money, because if money is money you are afraid of losing its value for sure it will be difficult to fight the trials that the market will give, there will be crashes, fuds, and prolonged bearish ones which might destroy the spirit of holding bitcoins which causes selling bitcoins at cheap prices due to mental panic attacks.


Yes, bitcoin is an asset which will give you profit or vice versa depending on how to treat the bitcoin that you have bought, but the undeniable strategy for taking profits in bitcoin is to hold it for a long time to get a commensurate return.
yes the right time to invest in bitcoin is when the price is lower or is on a decline, but most people have doubts and fear when putting money into a bleeding market.

Most of the replies here are saying that selling a property is a wrong move, and I am also one of them, but let's now focus on the fact that you already sold it and invested in bitcoin. What I would say is that it is pretty risky, but taking those huge steps could make you rich or make you broke. I would just advise you to keep it on hold for a few years and don't be tempted to sell it at a loss. If you gain profit, start a business, but at the same time, invest in bitcoin.

It only takes one who's patient to involve in Bitcoin (base on the raising and falling of Bitcoin price) because if you sell your property or should I say land, you invest in Bitcoin and the price starts dropping instead of increasing as you hoped it would be, it might make you think you have made a mistake by using the money you got from your land to invest in it [Bitcoin].
Bitcoin is like a time boom, it goes up when you least expected. So to me I'd say what ever investment you doing or getting involved in just know is a risky part you taking. It can't always be in your favor at times.