Print Page - Farmer's Bitcoin Investment

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

This is a very nice story and real form of adaption assuming this is real. Having people involved on agricultural sector to invest on Bitcoin with part of their earning will gonna help Bitcoin to reach it’s long term hoal which is mass adaption. I just that your cooperative will not be tempted to run away all your money or invest on risky trade sich as leverage trading since Bitcoin reputation will be tainted once you guys got scam even though the real culprit is the leader of your cooperatives.

All I can say is sky is the limit for the Bitcoin price since this is the first time for this kind of technology to revolutionize the financial sector of the world. Keep DCA and hold long term for the best profit. Bitcoin 13 years of existence shows us how profit Bitcoin is in long term.

You were taught about Bitcoin by your teacher (https://bitcointalk.org/index.php?topic=5458975.0) who gifted you a smartphone and now by your uncle who is a farmer.

I buy benefit of the doubt to believe your stories are real and don't say you are a liar or fiction story teller. Hopefully I won't read more stories about some other guys who work at other professions to teach you about Bitcoin because it will come to a point hardly to believe in your stories.

So far you tried to created 5 topics and you only have 9 posts which show that you intentionally to create topics and most of them are stories. Rather than doing so, you should read more, create less topics, and focus on learning. If you see someone needs help and you can help, help them out of their problems. It's better than creating non sense topics.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin. .Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Hoping that this is not another kind of thread just to earn merit , making story here and there about their support in bitcoin to earn merit .
because the last thread you created admitted that you have just started farming from others land and now you claimed to be a Farmer and working all day when you also claim to be student.

Quote from: Assiduous on July 07, 2023, 01:54:06 PM

I am trying to collect money to invest in Bitcoin for this I have decided to do agricultural work on other people's land and dreaming of investing some of the hard earned money in Bitcoin regularly. My money is small so I am trying to hold bitcoin for long term so that I can fulfill my dream.

and it is sounds confusing that all the farmers in your place create a cooperative just to invest in Bitcoin? still not considering that as reality though wishing you all a best result once it happened.

It's truly inspiring to hear how your uncle's success with Bitcoin has sparked interest among farmers in your area and led to the formation of a cooperative society. While it may seem like a bold move for farmers to invest in Bitcoin, it's essential to remember that diversification of investments is a common practice to secure future financial growth.

Bitcoin's potential as an investment asset has been a subject of debate, with both success stories and cautionary tales. As with any investment, there are risks involved, and it's crucial to approach it with a balanced perspective. Bitcoin's price can be volatile, and past performance is not always indicative of future results.

Nonetheless, taking calculated risks is an inherent aspect of investment, and your proactive approach to financial growth is commendable. It's essential to educate yourselves about Bitcoin thoroughly, understand the market dynamics, and be prepared for the potential outcomes, whether positive or negative.

In your case, as farmers, your primary focus remains on agricultural development, which is commendable. Remember that investing in Bitcoin shouldn't overshadow your core activities but rather complement your long-term goals. Continue to collaborate and learn from each other's experiences, making informed decisions based on sound research and expert advice.

Wishing you all the best in your cooperative society's endeavors and may your investments, combined with your hard work in farming, bring about a prosperous future for everyone involved!

Quote from: EarnOnVictor on July 19, 2023, 07:14:55 AM

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

The boldened part is the best part of what you wrote. If it was to be some, they will definitely abandon farming and its benefits entirely and rather go and be living life to its fullest in the urban area until they squander the money. You guys are doing well!

Truly, I have the instinct that Bitcoin could be more than $100k in the next 1.5 years, so it's a very good decision you guys are making. You can do better by propagating this news to the neighbouring communities as well, they will surely thank you later.

If they already know about bitcoin, its benefits and its risks, these farmers can invest in it. But spreading this news to neighboring communities is not a good idea as they are still unsure if they can make a profit. What if bitcoin doesn't hit $100k by 2025? OP will be blamed as a scammer. Instead of rushing to spread bitcoin to others, you should take better care of your investment until it is profitable, then you will be more confident in spreading the word about bitcoin.

Your uncle must be an educated farmer then, most farmers in my country are illiterates, all they know is how to plant some seed and make a living through agriculture, but technology is never their thing, some of them can't even operate a smartphone, so yea I am impressed that you have a uncle, probable an old man who invest in Bitcoin and make some money out of the investment to buy land.

There is a risk and he understood it, that's why he made it this far, will other farmers be like him even when they witnessed what he did using Bitcoin? The answer is no, because many will not be able to accept the risk.

Your story is impressive but a bit far from the truth, still I wish your uncle and other farmers in the cooperative society all the best.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

It was a beautiful experience. Your uncle are also very lucky because they bought when the bitcoin price was low (2019) and sold it when the bitcoin price was high (2021). Of course everyone who hears your story will be happy and want to follow your uncle to invest in bitcoin

I wish the farmer's cooperative success with its investment in bitcoin. Yes, all of us in this forum hope that bitcoin will reach $100,000. Although we don't know when that price will occur but we are very confident that bitcoin will pass that price. All we need to do is hold bitcoin and wait

I'm happy to hear your story. Hopefully this is a true story, because some stories are just a lie

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

His success made all the farmers in our area interested in Bitcoin investment.

Success is a good evidence that gives you value in the society, and will make other people to listen to you because you have results. Without results, it is difficult to get the attention of people to the extent that they want to do what you are doing. During the time that your uncle the farmer heard about bitcoins, there were some other farmers too that had the same opportunity of hearing it, but they never acted on what they heard and missed out on making profit like your uncle. You are fortunate to have an uncle and know someone closely that bitcoin has improved their life. You will be more motivated to keep your bitcoins when you buy them.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin. .Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

This is a great success story and it's great to hear that the investment was not entrusted or centralized, rather a community/cooperative effort to follow the same idea.

It does make me wonder though, was there any scrutiny or deterioration of faith after entering from 2021 throughout the decline of 2022? I could definitely see the "founding farmers" (:P) getting some form of criticism at that point, or there being conflict/doubt within the circle...unless HODL was somehow commonly shared among 100℅ of the group. Either way, good luck in the future and I hope that Bitcoin continues to impress for you, the group and everyone else :D

Quote from: Smack That Ace on July 19, 2023, 08:30:08 AM

Then it must be clear in detail from the bitcoin journey to be profitable, not only the benefits and risks, they also have to know how the market moves, how about positive and negative news sessions of course this can still be influenced by the bitcoin price so to spread this needs a basic explanation IMO.

What about people who like to panic? Often see the price at any time also determine their thinking is easy to panic and easily sell at a loss.
Again investing is a long-term goal, buy then HOLD it the best way profitable without thinking about anything.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin. .Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

That will be good if your uncle really understand the good side and bad side introduce to him since if he can really have huge patience to wait for something great to happen especially with its potential price rise that may came in future then maybe he will be lucky if he have some bitcoins holdings.

But also try to introduce more the riskier side so that he would know that downward movement is really possible so that there will be no bad events that might happen and he will be calm when a storm comes in the market.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin. .Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Not all the farmers have the capability to work in at the same time have an investment with the bitcoin, in my country most of the farmer at not the same way as you have which is seems really opposite and its so grateful you have an extra money to invest with hoping the same way here in my country well by the way, this could be a good news people now are slowly adopting, and getting introduced with the bitcoin and they know now the way to earn on it I guess the things you need now is to make yourself more knowledgeable with the bitcoin and what could happen and updates with it again not all the time the bitcoin gives a huge amount of profit its good that they come with the ATH of the bitcoin that time this is reason why you must need to keep aware with the current status of the bitcoin. We know how does the money is a must currently in this inflation.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin. .Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Bitcoin is known to it's price volatility.its value can fluctuate significantly for short period of time,which can result to it substance gains or loses.farmers,like any other investors should be prepared for this volatility and assess their risk tolerance before investing.
Farmers should diversify their investment profiolio to reduce risk.relying solely on Bitcoin or any single investment is risky.its advisable for a farmer to consider a well rounded investment strategies that includes various assets classes such as stock, bonds, commodities ,or real estate to spread out their risky.
Farmers should be informed of the potential risk associates with storing and securing Bitcoin, using good cryptocurrency exchange and digital wallet with strong security features to enable them protect their investment.
Farmers should stay updated on the legal regulatory aspect of Bitcoin investment in the various country or region.

Quote from: Helena Yu on July 19, 2023, 10:02:23 AM

Farmer is one of a job where there are many greedy people, Bitcoin is the way to make all the farmers become a cooperative society is high unlikely. Every person want to be success, but almost everyone can't accept other people can be success than them especially they're live in a same city, village, or job. What I know each farmer tend to destroy someone's garden or steal the fruits.

I consider this an unfair and somewhat disdainful comment for the farmer. I live in a village, and most of us are farmers, and I have never seen anything like you mentioned. What you are saying comes from human selfishness and envy, and it appears everywhere, in every area of this world. Even in this forum, the same things you are saying are happening, people for money, despite badmouthing each other, are ready to bring others down to fight for their position...In my eyes, farmers are more honest people than any other field.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

I believe bitcoin has the very potential needed to pump above $100k this coming year and which is pretty good for anyone who takes advantage of this period to invest and hodl the coin, just as the agricultural farming practice makes profitable increase over time in due season, so we also have bitcoin which could be more profitable than farming and is well secured with lesser risk and demands found with agricultural farming practice, when you invest in bitcoin, you have a future of financial freedom and could earn more than what farming could give, lastly, having a combination of the two is a good decision to ever make for an investment.

Your tale has left me both smiling and in amazement. Time and patience are of the essence in the world of investing, and you have both in spades as a farmer.

In order to maximize Bitcoin's potential benefits for the farming community as a whole, the cooperative society you suggested makes a lot of sense. It's a fresh and exciting strategy! Keep in mind that despite the fact that Bitcoin could generate large returns, a risk management strategy is still essential.

By 2025, might Bitcoin be worth $100,000? Maybe. If this happens, congratulations; it will be a huge advantage for your community, allowing you to put more money into agricultural research and development. However, you should always take such forecasts critically and protect your money.

Quote from: kotajikikox on July 19, 2023, 08:07:13 AM

It's still relevant, OP has just started his journey to become a farmer like his uncle who is also successful with bitcoin. What I doubt now is whether the farmers in the community really understand the risks of investing in bitcoin or only see the realistic side of someone's success that inspires them to do the same thing.

Quote from: Helena Yu on July 19, 2023, 10:02:23 AM

What I know each farmer tend to destroy someone's garden or steal the fruits.

If you want to know more, broaden your point of view.

It's really nice how he used his Bitcoin profit to buy land probably to expand his farm. This is how we want people who make money from Bitcoin to use the money... by investing in things that benefit society, or expand/multiply to produce more for the benefit of society.
I hope in the future he will also consider earning bitcoins from the produce of the farm he bought with his Bitcoin profit by selling them to fellow bitcoiners around there. And they can also sell to him their own products for bitcoins.

I like the idea of forming a cooperative society for Bitcoin investment as long as the members are able to control their keys and are guided to grow their funds themselves by a good fund manager. Or use two multisig addresses controlled by multiple people or members of the cooperative society ...one address for Bitcoin and the other for stablecoin for exchanging funds between them.
It's important the members know and follow the important ideals of Bitcoin in order to remain on the safe side while investing/using Bitcoin.

Quote from: Helena Yu on July 19, 2023, 10:02:23 AM

Farmers in my country are the most selfless people. Some of them are into agriculture because of their desire to feed the people not always for profit making. They sacrifice to stay in rural areas where there is lack of basic amenities because of farming. @Helena Yu, you are speaking based on your experience in your country but that might not be the case in other countries. I have so much respect for farmers because without them, we will all be hungry.

Quote from: kryptqnick on July 19, 2023, 10:04:19 AM

It's a lovely story, op. It's great to hear that not only some rich guys from Wall Street put their money into Bitcoin to get even richer, but people who do important and often underappreciated work for society, the farmers, put some money into Bitcoin, profit from it and inspire others to try to do the same thing. It's important to understand the risks of investing in Bitcoin, but its long-term growth does seem consistent (even though that can stop at any moment in time). If it's savings that a person can survive without, taking a risk and investing in Bitcoin might pay off and be a reasonable choice.

The story also inspired me. These farmers decided to put their resources together to invest in Bitcoin. This is quite encouraging because they will benefit from bitcoin if the price goes up. As much as they are aware of the risk and are investing what they can afford then it's a good initiative. I hope everyone will get an equitable profit share when the investment becomes profitable.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

I am glad that your uncle made that much profit out of BTC investment that he was able to buy his own land because life is not same for everyone. I said it because i have seen so many TA and FA expert who know the market ups and down but still some of them are unable to make the same profit. But your uncle as a farmer was smart one because he learnt the basic content First but i have also seen many newbies directly investing in BTC.

Without getting any knowledge, but your uncle was smart. I am happy for you too because you guys have made a progressive group who really knows when to adopt something even if you guys are looking at the profits. But still your interest toward BTC will increase its demand. So i must say this is the streamlining of BTC adoption. I hope BTC would reach that target because i am also waiting for it. But still, market is so unpredictable, that's why my suggestion is do not rely only on BTC and always invest with that money which on loss will not impact your daily life.

Sounds like Bitcoin is friendly to everyone and it is how Mr Satoshi might have imagined in the first place. You know all that comes down to one thing and that decentralization of the currency. This is how it is supposed to be and there should be no boundaries to who uses the Bitcoin and how they use it in the first place.

Just look at the small incident and the advice that changed your uncle's life. He even became the center point of motivation for all his other farmer friends and they also followed the Bitcoin investment. Obviously they should also be taught about the pros and cons of the Bitcoin and how much volatile is the Bitcoin investment. Since they have already got the sweet spot, they might have seen those ups and downs already. Lets rejoice the Bitcoiner like your farmer uncle and hope it grows further.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Well, this is a good idea which is to engage with other field of investment. But what makes this wrong is the impression that "Bitcoin can earn money". Indeed it is a profitable asset to have but always be mindful of the risk. We all do have positive assumptions on its market value but those are just mere speculations. No one knows what could happen in the future and no one will, unless it happen on the actual. Based on this story, there could be people to go all out with their savings which should not be tolerated. Larger investment yields to bigger profit but will also expose you to higher risk; keep this in mind.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

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His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

It is good to see that people are sourcing these information and making positive investments, hopefully everyone is aware of the risk and the proposed tax that would be payable depending on the country of origin with your investment and $100k is the predicted valuation after the next halving if everything goes well including the global financial market, one thing is certain that you will not end up in a loss if your entry level is good even if it does not touch the expected valuation.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

the story you tell is really inspiring, even though you are a farmer but your belief in bitcoin will have a value of $ 100k in the future is very large. in this world trust is very important, but not everyone can be successful in bitcoin, there are various influencing factors such as impatience - FUD - and loss of assets (due to hacked or lost phrase key). I hope the education you get about bitcoin keeps your belief in it consistent, and stay passionate about spreading the inspiring story of bitcoin.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

As long those fellow farmers do know about the risks involved then it is really just that fine because in any investment theres always that risks and come to mind that there's no assurance into it when it comes to profitability

and this is why those people should really be expecting something into those unexpected things that might happen ahead. Assuming about $100k in 2025 is plausible and could really be able to achieve, we are all hoping for the same thing with the kind of price.How much more if it would be able to reach out $200k or more? No one really knows though on what would be the price it would really be able to hit up but at least
you and your fellow farmers did really take up such risks on accumulating Bitcoin for the sake of investment and having that savings but of course better be wary about the risks.

It is really that good to see that there would be having new people would really believing about the relevance of Bitcoins existence but usually this would really be focusing that much on earning money
on which i couldn't really be blamed out with those kind of approach.

Props to that friend of his then, coming in just in the nick of time to prepare his friend for the biggest boom in cryptocurrency history. I hope (just as much as the people around here) that Farmers see how important investing is more than quick profit. Money may come and go but if you make it work for you it's never getting away provided that you gauge your risk tolerance and all that. I wouldn't be very certain about certain stuff however like bitcoin reaching 100k in 2025 although I hope it does, cause if things go south and bitcoin falls short even just by a couple thousand dollars it would mean bad business to you especially if you made all these people hold on to that hope. Anyway, I do hope we all succeed. Few more months til 2024 comes in and the halving arrives, let's brace ourselves and hope for the best.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life I am a farmer. Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.

It’s nice that your uncle adopted bitcoin when he was introduced to it and he made use of it well, am sure if bitcoin is being introduced to a farmer in my society, they will reject it, most of them will be scared to lose their money, but your uncle has the mind to trust bitcoin and he invested in it, then he really tried and the risk he took really paid him.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

From what you just said the farmers picked interest in bitcoin investment just because of your brother that was successful and bought land with the money he made from bitcoin, so from your story those people that investing in bitcoin are doing just because they also want to make money, am sure most of them don’t really know about the risk that’s associated with it, and if you can tell them about the risk, they won’t still believe the person, but I just hope some of them won’t end up being disappointed at the end.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Nobody knows what bitcoin will worth by 2025, we are just in 2023 and you are already talking about 2025, it’s better you don’t tell people about the price you think bitcoin will worth by 2025, or you shouldn’t put hope on bitcoin to worry $100$ by 2025 because you might end up being disappointed if bitcoin those not get to the price. We all know bitcoin will get to the price and it will even go above but nobody knows when that will be so our expectation shouldn’t be too high.

Your uncle was lucky that he invested in Bitcoin at that time and he decided to take profits in 2021. He invested in a proper way that he use the money from his savings, not the money for the basic necessities. As long as you understand about the potential and the risks of Bitcoin investment, no problem to follow your uncle in BTC investment. However, if it is the first time you invest in Bitcoin, you need to learn more and more. And don't hurry to use big funds, don't be too obsessed about the success of your uncle.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.

Sure, you should have a chance to earn money from Bitcoin. However, you mustn't expect too much about BTC to hit $100k, no guarantee for it. The next ATH will be unpredictable, you need to have a preventive plan if BTC can't achieve $100k. Personally, I will start to take profits gradually when the last ATH is reached.

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

I am glad to see a farmer turning into a Bitcoin investor but I believe you need to learn some fundamental aspects of BTC and the beauty of its technology which I believe is what you need to fall in love with not the chance of earning money through BTC.
Having said that, the best profit in BTC is made if hold for the long-term, not the type of investment you accumulate when dip and sell everything when it's ATH price.

For sure there is no limit to who can use or invest in Bitcoin, indeed Bitcoin is for all, and farmers are not excluded.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

In real life, I am a farmer. Working all day on the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money. So he expressed interest to know more about Bitcoin, and his friend told him details about Bitcoin.
Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

There Op, ensure you undergo the proper learning process so you get to understand Bitcoin better and invest wisely because you are dealing with a volatile market, which means you may buy today, and tomorrow the market is down.
Lastly, patience is the key to achieving success with your investment in Bitcoin, don't invest and expect to get rich tomorrow, therefore buy and Hodl.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Great, not only rarmer all people can invest on bitcoin. It is open for all. But farmers are investing on Bitcoin it is great news for us. I think it is good sign foe bitcoin. Because it proved that all kinds of people are coming and investing on crypto currency. Bitcoin is boss of all cryptocurrency. So i think bitcoin is best for investment. Day by day many people are coming on this market. I thin a day is coming when most of the people of the world will involve in crypto specially Bitcoin.

And congratulations Thats brother who bought land from Bitcoin profit. I think thats land will very helpful for him because he is a farmer.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

It is highly possible since $2025 should be the time for Bitcoin to break its ATH in reference to its former cycles. If Bitcoin reach that amount then it is not a maybe anymore but a certainty. I hope that you will be successful with your investment venture through Bitcoin. Don't forget to DCA in order to maximize your possible profit. And if you can, try to learn trading because trading is where the maximum profit happen. It maybe risky but the it is worth the risk if we happen to understand how trading works and find the price pattern of BTC market.

Quote from: Aquafina on July 19, 2023, 12:20:41 PM

Stop using ChatGPT AI to create posts. You are still a new member and I have seen your post history. Your intentions here don't seem genuine. I also know the trick you are trying to use in order to mask the AI usage, so don't think you will not be exposed.

https://talkimg.com/images/2023/07/20/nwZvj.png

This is a warning, next time I will just report your account if you continue posting like this.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

glad to hear that because actually i rarely see some farmers so enthusiastic about Bitcoin investment because usually they believe more and are more interested in investing in gold and land and some also invest in stocks.
i really support various ways to increase development in agriculture and welfare for farmers, i hope that the cooperative that is formed is managed by competent and trustworthy people so that it really goes according to the original plan and purpose and not to deceive the farmers.
keep in mind that this is about investing in Bitcoin which is very volatile so i hope the members of the cooperative have been explained about the risks and given basic knowledge about Bitcoin too so as to avoid unwanted misunderstandings in the future if the value of Bitcoin does not meet expectations.

Quote from: Popkon6 on July 19, 2023, 11:26:58 AM

Investing in Bitcoin is a wise decision because those who once set their sights on Bitcoin want to stay in Bitcoin forever. @OP You must be convinced that the price of Bitcoin in 2025 will double from 2021 if you invest in the present. So invest enough amount in Bitcoin according to our decision. Because if you want to invest for a long time, you can definitely get benefits and the risk will be least.
Everyone should learn from your decisions because there are definitely benefits to investing in Bitcoin. Because it is better to invest in Bitcoin than to accumulate money for a long time because from here you will get double benefit.

It's as good as saving money but a little better because it counters the inflation and allows us to multiply our money even without putting more money in it. Therefore yes, it is a wise move. Not all are fortunate in Bitcoin so some of them leave and never look back again but for those who gain a benefit, they are still there and wants to stay on here as long as Bitcoin is still profitable.

I still think that long-term investing has more risk than the shorter-terms because you don't know what's coming up ahead but despite of it, many people are still going for the long term as they think this was the only way for them to see those higher price levels.

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

I guess must have known all this before he actually invested because before he would have made the choice he must be aware that Bitcoin is a volatile currency and there are risk that is involved when you are make an investment in btc. Making plans to secure your btc investment for a long term is what every investor must do because without proper plans the whole investment would go sideways because he will gradually temper with his investment.

Quote from: RewFrew on July 19, 2023, 10:25:38 PM

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Everybody can invest in Bitcoin but not everyone can wait for the price of Bitcoin to increase so that they can earn from it. There are people that don't have the patience to wait for the market to move in the upward direction do that from there, they can earn from there holdings but in real time, some persons CA not wait that long because the money may have a budge that is meant to be used for. This is why we need to think very smartly and know why we are investing and for how long we can wait for the market so in case something went wrong taking longer time for the market to balance up.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Here in our country, farmers have what we call a "cooperative", so it's a group wherein they can borrow money with interest of course so that they can continue year in, year out farming.

But it's good to hear that if they are going to form a cooperative but this time, the aim is not to borrow money, but to save and re-invest it to bitcoin. And hopefully the people behind have true intentions to invest it and not to scam other farmers, just saying. So kudos to you and your uncle as this is another use case on how bitcoin can help or alleviate people's life.

Quote from: dzungmobile on July 19, 2023, 07:49:33 AM

You can recognize OP in his fiction. I'm not sure why he would purposefully lie to us about something he never did.

What I can deduce from the OP story is that it is a made-up story. How is it possible that a college student from a few weeks ago, whose parents were unable to pay his tuition and who had assistance from his teacher, is now a farmer in real life? It seems like the OP has forgotten so quickly what he informed us in his post a few weeks ago.

There are a lot of questions we should ask OP, but let's wait to do so until after he attempts to write another piece of fiction.

Quote from: stomachgrowls on July 19, 2023, 08:25:47 PM

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin leads this volatile cryptocurrency sea. Bitcoin farming is risky, but no risk, no gain, right? Its good they get it!

What about a $100k or $200k valuation in 2025? Its a crypto nerd's intellectual feast. Lets take a step back. Bitcoin went from cents to thousands.

We can hope and constructively criticize but not forecast the future. Possible profit? Absolutely. Amazing, right? Non-farmers may be envious.

Its not only about making money. New farmers see Bitcoin's relevance in our ever-changing financial world.

Quote from: Yamifoud on July 22, 2023, 09:44:14 PM

As long as they know the consequences and are willing to take the risks, there are no problems with that. In fact, this is an additional investment for you that you can rely on and earn huge profits during bullrun. It is like opening another box of opportunity and it was not regretting because we believe that Bitcoin will continue to grow. Many people had changed because of this kind of investment and if it becomes successful, then this could also change your life OP and everyone who is involved in the cooperative. Risk takers gain more, that was the reality.

Farmers are the backbone in each and every country's economy. The hard working group getting into bitcoin and investing the profit into agriculture is really an appreciable thing. Apart from the profit and other things, the farmers coming forward to invest into bitcoin is really great. Even the technically knowledged persons doesn't have good knowledge about bitcoin, here the farmers into bitcoin is big thing. Also from the OP's statment it is clear that the farmers were well aware about the risks associated with it.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

That sounds great, seems his friend did him solid by creating a firm base for you uncle to strive and now, you all have the right mindset towards the innovation although, its important you understand that bitcoin isn't all about making money from it, nope, it's a currency to be used in p2p exchange of values.

Quote

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Of course this is possible and over the course of the last bullrun, it was speculated but, price had yo settle around $60k for an ATH but, we look forward to a $100k mark during the next bullrun but, this too would be far from its peak and as such, yiu just might have to hold on to your holdings except otherwise.

One good thing in all this is that, you guys still got to stick to your trade and even seek expansion. Its the way to go, the world needs more food!

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

The beauty of Bitcoin is really extraordinary but it will not feed any hungry mouth. Besides, I do not think people who invest in Bitcoin don't think about profit. They are invested for the sole reason of profit. I believe it is too naive to think people invest in Bitcoin because of its beautiful technology. If they are into Bitcoin because of its beautiful technology, investors should be users then and not holders waiting for the price to increase to take profit.

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

Having said that, the best profit in BTC is made if hold for the long-term, not the type of investment you accumulate when dip and sell everything when it's ATH price.

Well, we can take advantage of the fluctuation in order to accumulate more and I believe it would be a waste if we don't take advantage of it.

Quote from: Mr.suevie on July 22, 2023, 07:22:58 PM

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

You have a point and according to the OP statement the farmer learns about Bitcoin through his friend since the year 2019. I am sure if he doesn't have good knowledge about Bitcoin before investing in it he won't have the privilege to earn a good amount of money as stated by the OP not to talk about teaching the OP about Bitcoin.

Quote from: serjent05 on July 22, 2023, 11:18:31 PM

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

Then you understand the whole because when people fall in love with something because of money they will always chase the money aspect of it. Yes, making a profit is the reason why everyone makes an investment but when you love the project you invested in through its technology you'll have the privilege to see beyond the profit aspect and that's when the real profit will come in.

Quote from: serjent05 on July 22, 2023, 11:18:31 PM

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

Having said that, the best profit in BTC is made if hold for the long-term, not the type of investment you accumulate when dip and sell everything when it's ATH price.

Well, we can take advantage of the fluctuation in order to accumulate more and I believe it would be a waste if we don't take advantage of it.

It will also be a waste of opportunity and it may not be seen again in the crypto market.

Quote from: Franctoshi on July 19, 2023, 10:06:03 PM

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

For sure there is no limit to who can use or invest in Bitcoin, indeed Bitcoin is for all, and farmers are not excluded.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

I agree with you that it is not necessary to know everything beforehand, as mistakes also teach us valuable lessons and you can always try again until you succeed. However, I think it is advisable to review the world of cryptocurrencies, especially in the case of Bitcoin, to have a solid foundation before investing or participating in this market.

Of course, if you enter without any knowledge, there is no problem, on the contrary, everything must be seen in a positive way, since although errors are learning opportunities, a review of, at least:

*how the cryptocurrency market works
*The volatility
*when to invest or sell
*Consider your level of risk and the amount to invest, among other aspects.

I think this would help you make more informed decisions and increase your chances of success in the exciting world of cryptocurrencies, believe me that this world opens the doors to a world of possibilities... Good post friend

Quote from: serjent05 on July 22, 2023, 11:18:31 PM

Quote from: suzanne5223 on July 19, 2023, 09:29:19 PM

Having said that, the best profit in BTC is made if hold for the long-term, not the type of investment you accumulate when dip and sell everything when it's ATH price.

Well, we can take advantage of the fluctuation in order to accumulate more and I believe it would be a waste if we don't take advantage of it.

But what you say is hard to hear, but it is the truth, and the truth is always harsh. People who always think they invest in bitcoin because of technology, they support the bitcoin revolution because of its superiority...These are all blatant lies because I believe that if bitcoin is not profitable, it is a digital, decentralized currency...There won't be too many people using it.

Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons.

I have the OP's story unbelievable. If it works like that then alot of people would have made good profits from Bitcoin. Sorry.
Hardly have I ever seen anyone invest in Bitcoin and made profit and then goes on to invite others. The only place where this happens is with airdrops, memecoins and other shitcoin projects. And I do not think any cooperative or union would convince their members to invest in a highly speculative and volatile asset. Farmers would rather take a loan from a bank than invest in Bitcoin for profit. They kids, they have a business to take care off and they know one silly financial mistake can make them go bankrupt. It is game they are willing to play. I'll believe the story if it is about tech people not farmers.

This is exactly what I have been doing to my other friends of mine and for me is different because I let them decide what they want after I explained everything they need to know and all of them didn't really care to invest until that historical bull run happens and they saw the result of my investment so they are now putting some of their money in bitcoins in case the huge increase of the price will happen again after bitcoin halving next year. There are lots of doubts and confused people due to the Ponzi Schemes that used bitcoins as their props but now, that's not the case anymore since it was all been cleared out. They are now brave enough to trust their instinct and patiently wait for the right time to sell their bitcoins.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Congratulations OP' as you are interested in investing thousands of hard earned bitcoins. Although your uncle decided to invest later after discussing Bitcoin in detail it is a good idea. But I want to tell you that even if the step you took with your hard-earned money is good, you have to accept that there are risks involved. Since you spend a lot of effort all day in farming and then making money, you need to take better steps before investing in Bitcoin. You need to educate yourself about Bitcoin first and be well-versed in Bitcoin volatility and the market. And you won't get that much profit easily by investing in Bitcoin, you must be patient to get profit. Since you have already invested in Bitcoin, I suggest you to hold it for a long time so that you can earn good money from it in future.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Quote from: Assiduous on July 07, 2023, 01:54:06 PM

I am a member of a poor family. My parents work hard to sustain our household, But the family was not able to live properly with their income. Even my studies were canceled due to lack of money. Depending on my previous academic results my college teacher convinced my parents to enroll me in college. Later my teacher gifted me a smart phone. Then, my teacher explains to me about Bitcoin and how one can earn money from it. He tried to give me an idea about Bitcoin and assured me that if I know about Bitcoin and invest in it, I can earn good amount of money in the future which will remove my poverty. Since then, I make efforts to learn about Bitcoin. Besides, my teacher advice me about the Bitcointalk Forum where I can find extensive information about Bitcoin. He also mentions several other advantages. Intrigued by his words, I create an account on the Bitcointalk Forum website and try to gain knowledge about various important Bitcoin-related topics. Observing the discussions on the Bitcoin Forum, I become truly fascinated.

I have learned to understand that any type of investment is risky but want to risk something that has the potential to change my financial situation. With this aspects bitcoin is much worthy to invest.

I am trying to collect money to invest in Bitcoin for this I have decided to do agricultural work on other people's land and dreaming of investing some of the hard earned money in Bitcoin regularly. My money is small so I am trying to hold bitcoin for long term so that I can fulfill my dream.

I firmly believe that there is a possibility of achieving a large amount of money in the future. My teacher advises me to hold my investments on bitcoin for longer period ‍so that i can achieve the greatest success in my life.

Your stories indicate to me that they are fake stories made up only to gain merit. Making your story was worthwhile because you got 3 merits from these two stories.

Point 1- You are a farmer but you know about bitcoin from your college teacher. these words are not without logic

Point 2 - Your college teacher came to know about bitcoin in 2020 but your uncle being a farmer came to know about bitcoin in 2019. Wow, now even farmers know about Bitcoin before educated people. Meanwhile, your uncle didn't teach you about Bitcoin despite being a relative. But your college teacher gifted you a phone and taught you about Bitcoin ???

These things are going over my head I think I should study with that teacher of yours too :)

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

I mean Bitcoin really is a great investment and he gets lucky in believing in Bitcoin when he bought it, As a farmer its difficult to get in information on the internet and his friend was really kind in teaching him about it, and he really got it since he believed on his friend advice to invest on it. I mean if you think about it your uncle probably wasn't really into new technology at that time so he's really lucky to even bought Bitcoin at that time.

For sure bitcoin will be big on the next Bitcoin halving event and I really think that the 100k$ is realistic for the next bull run, especially after the Bitcoin halving event, I just after bitcoin halving a lot of institution, banks etc is going to invest on bitcoin as well and that is what is going to boost bitcoin momentum pushing its limit and surpassing the all-time high. As long your uncle already going to earn a fair profit on this bitcoin he could already sell it at any time, but he should wait for the next bull run to see and test what is the best price to sell his bitcoin. Also, other farmers should not be greedy thinking that they might be lucky as well when they bought bitcoin, cryptocurrency is still a risky investment.

Quote from: tabas on July 23, 2023, 02:09:45 PM

Seems like a good story if it's real. But let's say that this story is for real and these farmers and teacher helped them to form to a cooperative and the one main goal is to invest into Bitcoin. That's a crazy idea honestly and I'd say that these farmers could do it on their own and even if they don't know that thing, forming a cooperative to invest into a highly volatile asset shouldn't be a main goal for forming it. We know that farmers aren't really compensated well and some of them are probably just renting those equipment and land and that's why, the tip that we used to say about investing only what they can afford to lose should always be remembered and told.

And the fact is that farmers in the field do not know anything about crypto and Bitcoin and how risky it is.
This is a very sensitive sector and is related to the main income of farmers.
We may be able to explain what the purpose of bitcoin or crypto investment is, but of course, they will not accept the risks that will be caused.

Only farmers who understand and understand crypto technology are able to implement it, but for most small farmers it is just an investment that can be detrimental.
There are even many crypto projects that want to enter the agricultural sector, but eventually have to stop due to lack of interest from farmers.
Crypto is a fairly risky investment, so anyone who wants to enter must know what the risks are and how to get profits.

Quote from: Asuspawer09 on July 23, 2023, 02:34:56 PM

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Rising tides lift all boats. Bitcoin is the tide, farmers the boats. The Bitcoin revolution allows anybody to join and benefit. When an investment pays off, the joy is undeniable. Be joyful, but don't forget certain important considerations. In 2019, Bitcoin was new tech and difficult to grasp and enter. The friend who introduced Bitcoin sparked it. Farmers bought Bitcoin based on this friend's advice. Belief should be emphasised.

However, a warning. As this story spreads, more people may jump in without realising the hazards. Losses can be terrible. Being "lucky" isn't enough. Constructively, I would urge these farmers and anyone investing in Bitcoin to study the market, recognise the risks, and only invest what they can afford to lose.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

maybe the understanding of Bitcoin as a digital currency should also be conveyed to you. and maybe from the farming community in your area, you can develop how to pay for your agricultural products using Bitcoin. you should also know that knowledge.
however, it may be against the regulation in your country. and besides, there are more people around us who know Bitcoin is an investment asset. so they come to invest in Bitcoin not to use Bitcoin.

Quote from: TheGhostMan on July 22, 2023, 11:42:34 PM

snip
Of course, if you enter without any knowledge, there is no problem, on the contrary, everything must be seen in a positive way, since although errors are learning opportunities, a review of, at least:

*how the cryptocurrency market works
*The volatility
*when to invest or sell
*Consider your level of risk and the amount to invest, among other aspects.

I think this would help you make more informed decisions and increase your chances of success in the exciting world of cryptocurrencies, believe me that this world opens the doors to a world of possibilities... Good post friend

'you learn swimming theory first until you master it in detail or immediately practice swimming, the two look different but the goal is still the same'.

often the good things that happen to us come from accidental or also ignorance, this is the reason why each person's sustenance is different and will always be a mystery,

^{(a litte oot)} i still remember very well that there was a young man who accidentally collected dogecoin from faucets and others up to several million coins and when the price of dogecoin rose almost to touch $ 1, he became very rich in a short time.

bitcoin will always make unexpected things, so it's very important for everyone to start investing in bitcoin from now on slowly, surely your life will change 180 degrees in the future.

What I want you to understand is that, its very obvious that bitcoin investment is all amount risk purpose and you most be a decision taker before you can invest in bitcoin and propagate, the risk the first farmer took and became propagated for investment doesn't mean that bitcoin doesn't have a disadvantages, so the disadvantages this year might be higher than next year and that is applicable to the advantages, so I believe that bitcoin whosoever investing in bitcoin should learn and know the doctrine of bitcoin before investment, because if you follow another person way of success in cryptocurrency and invest without understanding the procedures it's obvious the person might end up in losing its bitcoin investment.

Quote from: Wend on July 22, 2023, 11:47:14 PM

In this aspect you because most of the people that use Bitcoin use it because it bridges the gap between border to border payments with little transfer fee but if you're talking about investment in Bitcoin I would have agreed with you that most people invest in it because of profit and the major reason why we invest is for the chance of making a profit.

Quote from: Wend on July 22, 2023, 11:47:14 PM

Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons.

No, it's not everybody who invests in Bitcoin does it out of greed since they didn't invest the amount they can't afford to lose. There's a difference between seizing the opportunity crypto presented instead of going against it as some naive people do.

Quote from: suzanne5223 on July 23, 2023, 07:27:30 PM

Quote from: Wend on July 22, 2023, 11:47:14 PM

As a human, everyone has greed and when investing, no one wants to lose money. Many people say they are investing with money they could lose, including you and me. But are you afraid of losing that investment? Definitely yes and you always want to get more out of it. Bitcoin is riskier than many other investments but because its return is very high and all want to risk to get big return to become rich. Isn't that greed?

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

This is one of the best story I have ever come across on this forum, farmers engaging in Bitcoin and not minding the risks involved in it but still find time to get better information before investing.
At least your uncle's friend gave him all he needs to know about Bitcoin without hold any back, with this I believe in other region farmers would still want to make the same move your uncle made before hitting his profits.
Is better to know what you're getting into than getting a weak information on where you are to invest your hard earn money, at least we now know that no matter your profession you can still invest in Bitcoin.

Quote from: GideonGono on July 24, 2023, 01:09:25 AM

First of I hope that every one of those farmer knows the risk of the investment that they would take.
This is how people got screwed before, they would jump in base on someone else successful story not knowing the risk that the person took on his investment.
It is true that those successful stories are truly inspiring for us to invest just imagine how their life change because of crypto, but we also need to face reality that it isn't a quick rich investment and there are ups and downs, maybe some of those stories are just on luck that they got in on the right time.
We need to be aware that this is an investment and we could also lose just like most off the investor here.

Bitcoin investment like other investments will not guarantee us profit, it just gives us a greater chance to get a bigger reward. Other people's success does not mean that we will also be successful, it all depends on the mindset and strategy of each person.

OP setting up a small cooperative for investment is very risky because even he can't guarantee his investment, how can he guarantee the rest? Therefore, the OP should share and highlight the risks they may face. Don't just look at the return but forget the risk, and it can be said that investing in bitcoin is much riskier than the farmer thinks.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

~
His friend told him that Bitcoin can earn money.

I don't know if this is a problem or not. I don't know if this is wrong or not.

People are telling to people that Bitcoin can earn them money instead of the fact that Bitcoin is just like any other digital currencies out there where you can transact using it. People are sharing the asset-side of Bitcoin rather than the currency-side, and that's why people see Bitcoin more of an asset, and not a currency. Though there's nothing wrong because I look Bitcoin both as an asset, and a currency, but I guess let's teach them the currency-side of it as well, and not only the asset-side shall we?

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

Well, good for you, and for your community that you have been introduced into Bitcoin, and invested into it.
I just hope that it doesn't end there. I just hope that you, and your fellow farmers will continue to learn Bitcoin, and cryptocurrency in general, so that you can make more money, and learn more from it. I also hope that y'all know the risks that you are facing right now that you invested your money into an asset that's very volatile.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

Maybe, maybe not.
What's more important is you know what you will do if the best days come (bull market = selling), and what to do if the worst days come (bear market = buying). Good luck with your investment, and I have a huge respect towards the farmers TBH because I live in a community where most of the people's jobs are farmers. Respect to you all. :)

Quote from: LogitechMouse on July 24, 2023, 03:12:04 AM

People are telling to people that Bitcoin can earn them money instead of the fact that Bitcoin is just like any other digital currencies out there where you can transact using it. People are sharing the asset-side of Bitcoin rather than the currency-side, and that's why people see Bitcoin more of an asset, and not a currency. Though there's nothing wrong because I look Bitcoin both as an asset, and a currency, but I guess let's teach them the currency-side of it as well, and not only the asset-side shall we?

Bitcoin can not help us to earn money.

Bitcoin value and price increases with time because there are developers, business operators, communities that contribute to help Bitcoin adoption. They are people to help us get profit from our Bitcoin investment passively. Without those people who make contributions, Bitcoin value and price will not increase and we as Bitcoin investors will not get any passive profit.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

all the farmers in the area formed a cooperative society. And Slowly save money. Then invest that money in Bitcoin. I am one of them.

This is such a very good initiative and a selfless step towards success, especially for the people who are not tech savvy or doesn't even know how to operate a computer or mobile phone. The only thing that I'm concerned with in this kind of investment setup is that, all of these farmers should understand first the risk involved and they should also know the basics of bitcoin, and of course they should also have an access to the bitcoin price. One important thing about having a cooperative is to be transparent all the time to avoid conflicts. Bitcoin and cryptocurrency is a bit complex to understand for the people who do not have background in digital aspects. So, transparency is really a must.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

His success made all the farmers in our area interested in Bitcoin investment.

That simply emphasizes the aphorism – Failure is a bastard. People only want to be associated with success and not failure. Others saw your uncle's success as an achievement they could tap into after they must've shown skepticism while your uncle was starting off with his plan.

Quote

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin. And we can go further in agricultural development.

It's almost assured that it will happen, except something very unusual disrupts the Bitcoin circle before then. Next year is halving, it's a price chase from there till 2025. I believe Bitcoin will do above $120k in its next all time high expected in 2025.

Quote from: Mpamaegbu on July 24, 2023, 03:24:57 PM

Well, but from these levels it would be an X4 or X5, not like changing anyone's life, and even less if you don't want to sell everything.

Stories of this style don't usually stand up to simple mathematical analysis, but the OP's could be real, as between 2019 and 2021 the price went up considerably. His uncle could have made X15 if he bought near the bottom and sold near the top. He could have even sold part of the Bitcoin making a good profit without selling 100% of what he bought.

We will see the future, as I doubt we will have X15 returns in a single cycle. From the current level it would be almost half a million in one cycle. I hope so, but I don't think so.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

I will like when bitcoin is narrow down to farming, that is using the profit making from the farm products to invest on bitcoin and use the capital to continue the farming. I will not advise you to quit farming because farming is one of the important department in the society and human life so don't give up and focus on bitcoin. With farming you can save live. Op you and your family do well. Continue the investment of the both assets

Quote from: Agbe on July 24, 2023, 04:35:00 PM

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

He must be tired for sure because farming is not easy and he wanted a life with passive income, which for sure he is planning to migrate to other businesses, but it is really true that farming is really important, but we do have our own dreams like quitting our job now and having a business, but the point really of the OP is investing in Bitcoin because they want profit, which is passive and can add up to their capital, but the problem is that they are more focused on profit and not thinking about the risk.

Quote from: xSkylarx on July 24, 2023, 04:46:37 PM

If that is the case, he has to use the modern way of farming or he can still use manual labour ( that is take labourers) to farm for him and while he focus on each new business in bitcoin. Mine is, I don't want him to quit farming because if he quit farming because of bitcoin, he will still buy farm products from the money made from bitcoin so instead he should do the two at once. He can engage himself with bitcoin while his labourers work in the farm for him. How do you see that?

Quote from: taufik123 on July 23, 2023, 03:28:51 PM

Quote from: tabas on July 23, 2023, 02:09:45 PM

Although that's most likely the situation that many of them probably haven't heard of what Bitcoin is and whether it is an investment or something they'll benefit in the future. I'm giving that idea that there could be a very few of them that's aware of its existence since I'm also going into places like remote areas and farms and there's connectivity to those areas that I've been. But you are right about that it's unlikely that many of them will dive into this investment especially if that's all that they've got during the harvest time.

Quote from: ChiBitCTy on July 23, 2023, 11:27:07 PM

Thanks for sharing your story, this is very interesting. I am curious why you formed a “co-op” with your small society of farmers (and perhaps your teacher as well) instead of just investing on your own? I’m just curious as I’m not sure it’s really needed is it?

I would just make sure you’ve asked yourself what are the advantages and disadvantages of forming such a “co-op”.

I don't know if that is his case, but usually in rural areas the local community compose associations which reunite for councils every week or once a month to discuss local events and parties to be organized, techniques and workshops to teach association's members new skills and expose them to new technologies which are reaching their areas just now.

So with or without Bitcoin these "co-ops" already exist. Maybe what they did was to introduce Bitcoin to their partnerships as an extra element or bonus... Depending the association, people also contribute with a monthly fee, so they could use part of this fee to invest in BTC.

Quote from: Wend on July 23, 2023, 11:13:54 PM

Quote from: suzanne5223 on July 23, 2023, 07:27:30 PM

Quote from: Wend on July 22, 2023, 11:47:14 PM

As a human, everyone has greed and when investing, no one wants to lose money.

Yes, but we can't say no one wants to lose money because every person that invested in the crypto market without adequate literally wants to make a loss because the fast way to make a loss in every setting is not knowing the rules of the game and how to go about it. Therefore, there are still some people who want to make a loss.

Quote from: Wend on July 23, 2023, 11:13:54 PM

Many people say they are investing with money they could lose, including you and me. But are you afraid of losing that investment? Definitely yes and you always want to get more out of it. Bitcoin is riskier than many other investments but because its return is very high and all want to risk to get big return to become rich. Isn't that greed?

Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.

Quote from: tabas on July 24, 2023, 05:24:58 PM

Traditional farmers are still sticking to the traditional economic axis and are still not interested in investments such as Bitcoin or some crypto projects that are specifically for farmers.
We as active crypto users are certainly aware of this, it is not easy for them to accept new investments because there is no guarantee, and high risks that will arise.

But if you look at modern farmers who already understand the latest technology and how to manage their finances, they might be interested.
This can be done gradually following how crypto develops in each country, because of the constraints of regulations that will be different.

Quote from: suzanne5223 on July 24, 2023, 09:42:34 PM

-snip-
Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.

This is a problem that holds everything back, but if there is no clear understanding of how the risk occurs.
Then they will only assume that the risk is very large and there is no profit to be gained.

Behind the risk, of course, there are advantages that can make the farmer's investment grow.
It is necessary to do some research so that crypto investment is suitable for farmers or other business people.

Quote from: Findingnemo on July 19, 2023, 07:08:33 AM

I hope every former is investing their money after understanding the risks as well cause bitcoin prices are highly volatile so there will be unexpected price fluctuations so they should be should be prepared for potential losses or sudden declines in the value of their Bitcoin holdings.

Also, it is important to teach them there is nothing guaranteed when it comes to investments so their risk appetite is enough if they face loss or it will be a burden for them so anyone who is organizing this co operative investment plan should be aware of this not just blatantly invest on bitcoin because someone made money earlier.

There are risks in almost any investment. These farmers could have also lost money investing in Meta and Netflix stock. It is important to try and diversify your portfolio in order to hedge against volatility. Bitcoin is an investment with a promising future. $100k in 2025 is not unrealistic, but our investment strategy shouldn't just be based on what we wish to happen. We must be prepared for all possibilities and make responsible financial decisions.

Some farmers find it challenging to comprehend bitcoin. Knowing about bitcoin is advantageous for farmers because doing so will enhance your farmland or your agricultural output. One thing I don't understand, though, is whether farmers who are interested in investing in bitcoin also grasped the risks in the same manner as your uncle did. Although a farmer can do whatever it takes to become successful in the future, it would be best if you and your uncle gave them more information about bitcoin before they invested so that you and your uncle won't be held responsible if something goes wrong. Investing in bitcoin is not difficult, but the challenge lies in having the mentality to accept whatever results from it, whether good or bad, because that is the both part of bitcoin.

I didn't mean to imply that your farmer colleagues couldn't invest in bitcoin, but rather that you should be aware that people are notoriously difficult to understand. They may initially be interested, but if something goes wrong, they may decide not to do so again and may even start blaming your uncle for having introduced them to it. Therefore, in my opinion, you two should have a very good understanding and agreements to ensure that nothing will interfere with your relationships.

Quote from: FinneysTrueVision on July 25, 2023, 04:05:30 AM

Quote from: Findingnemo on July 19, 2023, 07:08:33 AM

I am trying to insult anyone just being rational by assuming the farmers OP is talking about may not have any idea about investing, volatility, potential, etc they tend to agree for this because someone in the community succeeded with this strategy so they are going for it but I am saying that at least they should be informed about the risks involved so it won't be a disaster to face if the results are not as expected.

Quote from: Findingnemo on July 25, 2023, 06:49:03 AM

Your opinion isn't suppose to be seen as an insult but from all you said is true because the other farmers are only concern about the profit that comes out from it but they're not really educated, like given full details about how Bitcoin really works.
I feel all they're interested in is getting the profits just like their colleague not minding the time and patience he invested before yielding profit.

Quote from: Negotiation on July 25, 2023, 04:23:01 AM

As a farmer, one must understand the risks before investing in bitcoin it has both positive and negative aspects. If you invest without knowing well about bitcoin, you will lose money. One of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. Bitcoin should be considered an uncertain investment and its value can go up and down. Also, there are risks of bitcoin hacking and crashes and should be fully clear before investing. That's why you have to take the right decision by gaining knowledge about the market.

It doesn't matter if they are farmers or office workers or anyone but once we introduce bitcoin to them we should provide full pros and cons of investing in bitcoin. Don't just try to emphasize huge returns and ignore the risks of bitcoin because there is no investment without risk, the higher the return the higher the risk.

I hope OP knows what he's doing because giving investment advice to others is really not easy because if an investment loses, they will most likely blame the OP.

Quote from: Negotiation on July 25, 2023, 04:23:01 AM

Am even surprised that someone who's a farmer still has time to invest in Bitcoin, and if that is the case the dos and don't need to be understood before investing all the money gotten from farming and losing it to Bitcoin, the person that advised that farmer should better advise well, the farmer should understand that even during is farming there are years that it is abundant and there are years that the farm might not yield plenty so is bitcoin there periods the investor and their times that the person expectation will not be met so this are examples that will make everything more clear for the farmer since bitcoin does not select. CRASH is one of the risky things about bitcoin and that is just the nature of bitcoin.

Well, if this story is true, then it is a good thing. It's a good start that your uncle won a good amount of profit from bitcoin, and that's when the effect or chain reaction comes in, as they will be influenced to also engage in something that is complex to them. Luckily, they have someone that guides them and teaches them the necessary things they should know when investing in bitcoin. Bitcoin may be tricky and dangerous, but it can be a good investment. With the right execution and guidance, you can earn as much as you want, and it might change your life. And your uncle showed more good potential in investing as he bought a land or invested in a land so that his income would not only come from bitcoin but also from the agricultural side. Bitcoin is also long-term, and with more investment, you can secure your future with a good living.

Quote from: Assiduous on July 19, 2023, 06:49:58 AM

You have taken a very good initiative but of course anyone with bitcoin deposits should be very careful. He should be so aware that Bitcoins are very safe. There may be many people here who are not very experienced about bitcoins but from here his acquaintances have made money and bought land by investing in bitcoins because of which he must be assured in the investment. Educate people who are investing in bitcoin gradually about bitcoin investment by educating them about all the rules and regulations of bitcoin investment and volatility of bitcoin market Hope your investment will be successful soon.

Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Assiduous on July 19, 2023, 06:49:58 AM