Bitcoin Forum

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

This is really a good decision. If you are thinking to buy Bitcoin. You should accumulate now and I think this is the right time to buy if you can hold this amount for a long time. If you will hold tight so I am sure you will be able to buy more land in future as compare to now.

But It would be great if you could buy with DCA method. I don't know when you come in the Bitcoin world but If you accumulate the Bitcoin for 5 years with DCA method so I think If you had bought this way you would have been in profit now.

Well, this is not the time to regret. Just buy now and hold tight. If you believe in Bitcoin so definitely it will give you the benifits of your believing.

Since you want to invest for long term, you can invest in Bitcoin. Bitcoin should be a long-term investment, it has very low risk, and you can't even buy the land you want right now, so instead of putting money in the bank, invest in Bitcoin for the long-term. Because the price of Bitcoin is increasing rapidly. Its price may increase 50k this year. If you can invest for a long term of 2 to 3 years then what you invest now will get many times more returns later. Because the price of this is likely to be 100k in 2024 itself.

You have the right mindset. If you have chosen to invest in bitcoin and you talked it over with your spouse and you are sure that this 11 thousand dollars which you say you have right now is money you can afford to lose, then do not wait until the beginning of the new year to invest the money in bitcoin. At that time the price would have appreciated to 40k plus. Buy now, not later. Buy in bits weekly, biweekly, just buy do not wait until later.

Having a piece of land is also a great investment. It will appreciate in value over time. It is less volatile than bitcoin and you cannot lose the land to scammers or fraudster as you would in bitcoin is you do not take the proper security measures.

Weigh the pros and cons before you proceed.

you right about this invesment because it is much better to invest in bitcoin compared to just holding your money on the bank which will not give you any interest.

investing in bitcoin can give you the potential to get a higher profit, even more profitable than buying land whose value is not too significant in recent years.

the development of bitcoin prices in recent times has increased significantly and if you can hold it for a longer time you might be able to get more profit. although it has a risk, but this is a potential investment.

Investing in bitcoin is certainly better than depositing money in a bank, but it will also be riskier than depositing money in a bank. I don't have much advice for you but I hope you know what you are doing with your money and as long as you feel it is right because it is your money. I just remind you, the higher the profit, the higher the risk, no asset can deliver high returns while remaining safe, and bitcoin is no exception. Furthermore, we not only care about price but also many factors such as how to secure bitcoin, store bitcoin properly...I hope you have enough knowledge to protect your bitcoins.

Well, assuming that what you say is true, because in this section there are many invented stories and we have no way to verify that you are telling the truth, and considering that you are only looking for profit, surely now is a good time to buy because we are at the beginning of the bull market. If you buy now and keep the investment for a year and a half or so you will most likely get good profits.

The only thing I would recommend is that if $11K is all you have, don't invest it all. It is more basic for example to have an emergency fund for 3 to 6 months of expenses. Once that money is set aside, you can invest the rest in Bitcoin.

True, good advice. Even if the OP is thinking ahead or for his future, it is also good if you will save some or more, like safe money in case of emergency or, let's say, in case you lose your investment, but I don't wish that to happen. just saying and setting a foundation. Well, I admired your dedication and your risk-taking because not everyone has the courage and dedication to start something that they know is risky. Anyway, I wish you good luck. You may have knowledge and ideas about bitcoin, but still, the path is scary and risky, and of course, the money you have as an investment is not just any amount; it is the money that you have saved up for some years. I think many here will give more of their opinion and advise just me. Remember to always set a plan B in case anything happens; we never know; the market is unpredictable.

As the main point you want to buy Bitcoin is to grow your money, make sure you're not get tricked with some centralized sites especially an exchange where they offer staking feature in order to grow your money. It's high risk since you can lose all of your money when the exchange went bankrupt or hacked.

The best is always hold your coins in your non custodial wallet.

You have to understand that Bitcoin is not a get-rich-quick investment so for that you have to be ready to wait for some time or even a long time before the $11k Bitcoin investment will materialize and sure you have a better chance to get your desired land location with bitcoin investment as long as you are ready to wait for bitcoin price to increase.
So if I may advise you, I will say if you are still in government service and you are still in the land office, it's perfect then to buy and hold some Bitcoin for a long-term base let's say 1 to 2-year holding period, and keep an eye on any available good location to buy the land, this way you securely invested your money and possibly will achieve your aim but have to take longer time, you also must be ready for the risk of holding bitcoins and how best to approach the market both for your buying and selling positions.

That is a decent sized investment op and I admire your guts to invest it all into BTC despite knowing the risks involved. Banks offer way more stability for sure, but BTC offers way higher returns with higher risks.

I advise you to store your BTC in extremely secure wallets like hardware wallets/cold wallets in order to make sure that your funds stay safe.

Bitcoin is a high risk investment with a very high Return on Investment. The risk there is because Bitcoin is highly volatile.  Before you decide on whether you want to invest in land or Bitcoin,  assess yourself very well. What is your risk tolerance level,  are you investing the amount you can afford to lose? If yes, Bitcoin is open for you. But if deep down you feel you cannot let go your 5 years savings, then buying a land is not a bad idea either since there are little or no risks involved.  The price of land appreciates too but not compared to The Returns you get on Bitcoin if you are bold enough to invest.

Your financial background too will help you base your decision. If you have more left after investing in Bitcoin then it shouldn't be a problem.  DCA will help reduce your risk. Assess yourself very well, know what you are comfortable with.

As long as you understand how BTC truly works and you know all the risks involved then you can make your choices accordingly. Investment for the future is always a very good plan. I don't know what country you live in but since you've been saving that money for a very long time I'm sure it must have been affected by inflation.
You said you understand the risk but I'm still going to stress it, it's not going to be easy seeing your life savings going down. This can happen during a dip. Hopefully, this doesn't happen for a very long time because I'm very optimistic about Bitcoin for next year.

I'm more focused on where you decide to hold this money and your security.
Since you're holding for a long time and you're not a trader, please don't keep that money in a custodial wallet.
Save your money in a non-custodial wallet where you have the keys and the wallet is controlled by you.
Also, this is your life savings we're talking about, so please take conscious steps to take your security very seriously. Don't be lazy, it's better to take that extra caution and seem paranoid than lose a whole lot of money.

We're approaching a very bullish time in Bitcoin (hopefully), and there are going to be different forms of scams flying around in the name of investments. They're going to be very enticing and juicy offers, please don't fall for them. Research has shown that there are more crypto scams during a bull run so please don't fall for any of them.

If you are sure to do it, Bitcoin is the safest asset choice compared to others.
Holding for the long term will be a good investment as long as you hold it and sell when your desired price target is reached.

$11k is quite big money, you can spend Bitcoin gradually or with DCA when there is a drop in the price of Bitcoin.
But Bitcoin is now still on Bullish Mode to welcome the halving that will occur in April 2024.

Investing in Bitcoin is not without risk, but there will be a risk of volatility occurring, you should be aware of that.
Don't get too panicked by Bitcoin's decline, and the point of doing DCA is to take advantage of each drop to buy cheaper.

So make sure you are sure and understand the investment you will make, rather than just saving in a bank that will never provide any benefits.

I would agree to your idea withdrawing your money than let your money sleep in a bank with only small amount of interest. If you invest it in bitcoin, most likely you will yield bigger amount of profits as long as you continue hodling it for 5-10 years without being tempted to sell early.

However, you should apply caution when investing most especially that bitcoin is a high risk asset. Do not go all in with bitcoin, but invest first with an amount that you are comfortable to lose, once you made profits,then take the risk of increasing your position in your bitcoin portfolio. Owning a land property will only be in profit if you use for commercial purposes, but investing in bitcoin gives bigger chances of high profitability especially if you hold your bitcoin for long indefinite years.

If I may ask, what do you need the land for, if it is to build your own house, then I will advise to to share this money into two parts and use half part to buy land, I know it might be too small but that was the purpose of you saving this money, and land is also an asset. Buy the land and use the other part to buy bitcoin. I am happy that you have interest to buy bitcoin but don't only think about the profit side alone, you should also have it in mind that bitcoin might not also bring that profit that you are expecting so that you don't get disappointed at the end of the day.

What I will say is this, it is better you use the money to buy bitcoin now because if you want to wait till next year, bitcoin price might be higher than this, because there is news that Bitcoin ETF will be approved by next year January. So if you buy now, you are at the advantage to have more satoshi in your wallet than when the price is higher.

You can also share the money that you want to use to buy bitcoin into three parts, if you are still in doubt, you should use one part to buy now, and use the second part to DCA weekly or monthly and the last part keep it for buying at the dip, so that if peradventure bitcoin price dips, you can use it to buy so that you don't miss out. You are someone that can excel in your bitcoin investment, if you invest in a long term like 4-10yrs and above because you are civil servant with a good pay.

As a newbie that want to start your bitcoin journey, you should use DCA method to buy weekly or monthly with that amount that you do save monthly in the bank till it accumulated to 11k like you said. Use it to buy and before you know it your bitcoin portfolio will reach a significant amount. You should also have a bitcoin target so that it will make you stay focused.

Don't forget not to keep your bitcoin in an exchange, after you have purchase your bitcoin, you should transfer them to your noncustodial wallet.

Since you are not getting the land as you expected then investing in Bitcoin can be a good decision for you. I would have given you the impression that investing in Bitcoin is risky enough and you have to accept that risk if you said you didn't know about investing but you made it clear that you know enough about investing and that you are aware of the risks. Since you know everything and plan to invest in Bitcoin with $11K, you can implement your plan quickly. I am currently noticing that the Bitcoin market is constantly changing and that change is definitely a positive change. Bitcoin price is increasing in 24-hour period and it is likely to continue this trend for a long time. If you can invest $11K, in Bitcoin and hold, there may be a time when you have enough money from this investment to buy land.

From my view this whole stories looks like a cooked and organized story but anyway, my little advice to you is that landed properties always appreciate any point in life no matter where and any position and any location the land is being situated with just few period of 3 years to 5 years you would see a massive turnaround within the area you bought the land. I have never seen anyone that talks bad against landed properties while is the major investment points for everyone, even as we do invest in bitcoin you should have it at the back of your mind that the only thing reliable is the landed properties you have bought because if you wanna resell the land you will have double of what you bought it.

I still love the idea of investing in bitcoin but sincerely speaking this is not the right time to put such huge amount of money into bitcoin alone, rather to protect and split your investment you will have to invest some percentage to bitcoin while you used the remaining percent to invest in landed property to secure and diversify your investments.

Good luck with your plan, I'd say you need to be a risk taker in order to believe that your money will grow investing in bitcoin.

Investing on land on the other hand will give you a safer future since land does appreciate, that's guaranteed regardless of its location. However, investing in bitcoin could possibly yield a big return, but since the future is uncertain, there's no guarantee you'll be profitable, that's why it's called a high risk investment while land is belongs to the low risk type of investment. 

OP, I'm suggesting to not put everything in bitcoin, I mean, it'a a way to minimize the risk if you don't put all in one basket, maybe forget about buying a land for now as it's not a viable option. Maybe try to start a business, I think even at $1,000 you can already start, it doesn't require you to start with big capital as eventually your money will grow if you manage your investment well. So please consider lots of options, I'm sure it's not hard to find opportunities now since everything can be found in the internet, you just need to be focus with your goal.

I think you have made a good decision because it is better to invest in Bitcoin instead of keeping money in the bank.
If you invest, you have to take risks.But I think investing in Bitcoin is less risky than investing in other coins even if the price of Bitcoin falls, it recovers quickly. If you have a total of $11,000, you can save a few months of household expenses and invest the rest in Bitcoin.
Since you want to buy Bitcoin and invest for a long time, maybe you can get good profit if you invest for two to one year. According to crypto analysts, Bitcoin halving will probably start in 2024 and from then on the bullrun in the cryptomarket will see the amount of Bitcoin you buy almost doubling.In addition to investing your bitcoins, it is important to consider which wallets will keep your bitcoins safe.
Finally, a small tip for you is that the wallet you use to hold your invested bitcoins must protect the wallet's private key. Because as the saying goes, "Not Your key Not your Coin"

You have a good plan to start investing in bitcoin. Yes, you can invest in bitcoin whenever you are ready and want.
The important thing in investing in bitcoin is that you know how much money you want to invest in the sense of only using money that you can afford. When investing in bitcoin, you can use the DCA strategy, which has helped many people own more bitcoin.
If more government people had open minds like you, it would accelerate the adoption of bitcoin so that the government could accept bitcoin as a financial instrument.
The government will not see the negative side of bitcoin but also the positive side of bitcoin so that they can accept bitcoin as something that has benefits for their finances.

I should believe to understand that when you have plans to acquire some sorts of properties probably that is just to be secured and not to be in a current use and you are not ready about its usage and also considering the amount of money needed to purchase the property, it is wise enough if you can Invest the realized money set for the purchase and lure it to Investment system whereas it would profer you some sorts of income to enable you attain the requirements to you can obtain your desires.
That is a great one for you at OP. I don't know your taste or desired quality of land you needed but it should be believe that the accumulated funds saved in my he bank for those couple of years would had offered you an appreciable income hopefully having you the phase to reaching your point of goals in acquiring your desires.
Bitcoin is no just a means to save your money but also an assets to trade and make profits so saving a not now usable fund in the bank seems worthless.

I would say that this is really a good decision if you are looking for a really long term investment. Understanding the risk is reslly necessary but you should invest only what you can afford to lose since you are just probably just hype due to the recent price of Bitcoin which is the common mistakes of newbie that usually end up in regret later on.

I really like Bitcoin investment in general but we are talking about life savings here that you earned for many years. I just think that you should only invest part of it instead of investing all to Bitcoin just to make sure that will still have some money in time that your plan didn’t go well initially.

From reading your post, It tells you already know the risks involved with investing in Bitcoin and therefore have made up your mind, good for you so far it something that pleases your heart, and truly we are at the verge of a new bull market cycle and I would say this is when investment and time is in agreement, But still I would suggest you put greater part or half of the money in Bitcoin and use half to buy a land in a place that the money can afford to buy a land than keeping in the bank to avoid being robbed by inflation and until when your investment in Bitcoin is mature then you can sell both the land and Bitcoin to now buy land in a place that meets your desire.

I think that's the most interesting idea you could make especially in the halving season next year because it will gonna be a whole lot of excitement for the investors since they are witnessing another history in the making and at the same time their investment is multiplying. But of course, this is the same thing as the others when it comes to this kind of decision because no matter what happens, you will be the only one left and consider these advises just other opinions and make a decision on your investment in your own so that you won't be regretting it when things won't go as you were looking for.

This is a good condition, especially because you are a government servant. On my local exchange, government servants are actually not allowed to register on the exchange or invest in crypto because they are afraid of money laundering. So, if there is and can be, this is really good.

One of the points here, as long as you understand Bitcoin, have sufficient knowledge about investing in Bitcoin, and moreover the risks of investing in Bitcoin, then you are ready. Therefore, maybe this is a good decision for you to invest this money in Bitcoin with all the risks. Anyway, you also have to keep an eye on the market, because you don't miss the moment if one day you have to take profits. and of course, seriously secure your assets and maintain their privacy for the security of you and your assets.

The current market price of Bitcoin reached above $40k. Some other people already consider it as a sign of bull run or a possible correction may happen anytime soon. Your plan of investing your money in Bitcoin next year is a good idea, but always remember not to invest it in one go. This may lead you to having regret if ever you see the value of your investment to decrease if ever we have a pullback in the price of Bitcoin.

Remember, don't invest your money in a lump sum. You better have to be patient and know how would you invest all of your money. As you said, you know how to invest in Bitcoin, build your strategy and let us all accumulate until the next bull run.

I will not blame you if the people around you say to you that you need to put your money in the bank because is safe there and it's growing. I just can't imagine that you manage to waste 5 years just because instead of putting your money into an investment, you stored it in a bank. Well, it is what it is but the good thing is that you finally realize that investing your $11,000 will give you more money than just storing it in a bank.

Overall, we will all agree with what you shared with us. I mean you are in a Bitcoin forum so what do you expect? As long as you know the risks that you are facing by investing "ALL" of your saved money into Bitcoin then there's nothing wrong about it. As long as you're ready with the market volatility then it's a good decision.

Going all in with Bitcoin isn't a bad idea. Well, what I can suggest is to diversify your money, and when I mean diversify, I mean diversify it into different asset types, and not only on Bitcoin. If you want to focus all of your money on Bitcoin then it's all good because, at the end of the day, it's your money. Your money, your decisions, your responsibilities.

Bitcoin represents decentralized finance, not merely a digital asset. It's admirable that you acknowledge the risks and proceed. This investment shows your faith in blockchain's disruptive ability.

The emotional rollercoaster of Bitcoin's price volatility - are you ready? Experience is different from theoretical understanding of market swings. Your long-term hold plan is great, but it takes resilience as well as patience. Can you handle downturns without panicking?

Have you evaluated your market entry timing? Political events, legislative changes, and technological advances affect Bitcoin's price. A timely entry could boost your investment. Do your research, be informed, and may your Bitcoin adventure be enjoyable and illuminating.

If that's your decision, go ahead, we support your decision to invest your money in Bitcoin. However, as a wise man said, "don't put all your money in one basket," it is true that investing in Bitcoin is profitable, but you need to set aside money as a reserve just in case something happens and you need to diversify your investment, whether a little in gold or other instruments, that way you can prevent excessive losses if your investment in Bitcoin does not run smoothly.

Pretty good decision if I do say so myself. But before you finally push the button and get yourself BTCs with the money you have right now, ask yourself a few questions first:

1. How long am I willing to wait should a dry spell come around?
2. Is the money that I invested in bitcoin something that I'd be able to live without should the market crash?
3. Is there a particular amount that I'm shooting for?
4. Have I made proper research and studies about the bitcoin network, and have I made sure that this investment venture's the best for me?

Once these questions are taken care of, you can start investing in bitcoin. The thing is that these ensures that you don't run into personal turmoil as well other decision-making issues later down the line. Basically this sets you up to make sure that no matter what happens, your mind is made up with bitcoin and you're not gonna change it too easy.

Yes, of course, if you buy a plot of land, people who are financially capable will definitely buy land in urban areas, of course the price of land in the city will be much more expensive than the price of land in rural areas, but you haven't found what you want in that area. a plot of land. If I see you want to double your money, if you keep it longer in the bank, of course you will be exposed to inflation.

Wherever the world of investment is, it is full of risks. In my opinion, investment is like doing business, the results of our work (our money) are what we earn while working, it's no longer you who work. Money seeks profit (money) and the results are given to the master who has money.

Bitcoin has a 4 year halving phase, if you put your money in this year it is right and you will feel it when the halving arrives. In fact, investing in Bitcoin has no additional costs or other improvements, apart from just buying and selling and our fee to the wallet to store our bitcoins, if you buy a plot of land and a building, you will definitely have other additional costs, whether there are any. repairs in any case, that will affect our full profit due to these costs, land profits are not 100% of course minus the costs during the repairs to your house so far, of course bitcoin is far superior in terms of percent profit, the costs of When you first buy, a fee is added to your personal wallet, and the fee goes back to the exchange and the fee for selling it. As long as you keep your bitcoins for 20 years there are no repair costs, unlike property.

You can definitely invest your five years savings in Bitcoin. But I think you should invest first 6000 USD from the 11 thousand USD you have without investing all your savings in Bitcoin. Since Bitcoin requires long-term planning. I think it is better not to invest all your money at once. Investing Bitcoin is risky so you should invest Bitcoin with caution.

Your decision to invest in bitcoin is actually the best decision you could ever make that will definitely create life's big changes in the future. Although it's undeniable that owning a land property is also a profitable asset, but if compared to bitcoin, the profits from land property is indeed of less value compared to what you can gained from bitcoin investment. But still, invest with caution. Bitcoin investment cannot guarantee sure profits in the end so learn to invest on the amount you can afford to lose.

However, I think OP is already aware about the risks investing in bitcoin so he should not be too much confident that he'll only gain winnings but losses as well.

With 11k on ground and as a newbie? I will use $150 to $200 of that money to first purchase a hardware wallet.

You want something that's as safe as your bank account? Hardware is the answer for that big amount of money, don't you dare keep such on your smartphone crypto wallet.

Your decision is a good one, lands takes a very long time to turn into something very good, maybe 10 years? The last one I got is just double in price if I have to sell right now and it's been over four years already, if I have invested the money in Bitcoin I could have make better ROI.

My worries for you is the fact that you are a newbie, I don't want you to go make some mistakes that will cost you your hard earned money, I hope you take my advice very seriously, pls order for a hardware wallet, a Trezor or KeepKey would do just fine, go on Youtube to watch videos how to use it and you will be good.

Well, saving money in the bank will only make the value of our money continue to decline because it is eroded by inflation which actually continues to grow. The amount of money may not decrease. But its value will decrease. Because I realize that even in conditions of controlled inflation it does not mean that inflation has stopped. Yes, inflation continues to occur, although at a level that can still be controlled. And it will be felt in the long run.

However, if we prefer to invest money in Bitcoin for the long term then we at least know that Bitcoin has a history of increases and always passes its previous highest level. At least that's what has happened in several previous bitcoin halvings. But that's not a certainty. And I'm glad you already know the risks involved in investing in Bitcoin. However, investing in bitcoin also has high risks. I recommend that you invest gradually by accumulating using the DCA method. Don't rush and keep doing it calmly and calculatingly.

You can buy land at any place but it should be along a road then you will get good returns from it very quickly. The price of land keeps increasing because every country has limited land but the population keeps increasing. This led to a housing crisis and a rapid rise in land prices. So you can invest in land it will give you a secure investment opportunity.  And here the possibility of loss is very less

Investing in Bitcoin is better than keeping money in the bank, but you will not get a secure investment experience like buying land by investing in Bitcoin. Investing in bitcoins has a lot of risk, your money will not be in trouble like investing in land. Here you may lose a lot of money but again there is a possibility of high profit at some point. But I would suggest you to invest all your money in multiple things instead of just one thing

I don’t know how expensive land is in your country but converting 11k usd to my country’s currency, i don’t think you’ll be able to buy a huge and good land so it’s a really good decision that you withdrew it from the bank to invest it in bitcoin especially with the anticipated halving of bitcoin it would have been better if you had done this 5 years ago but well we’re here now and what’s important is you’re committed and willing to invest in btc

You made the right decision and fortunately you know Bitcoin and maybe you have also studied and understood Bitcoin, and that is very necessary, especially knowing all the risks involved.
Storing your money in Bitcoin is an excellent choice, as Bitcoin has the potential to make your money grow, especially in the long term.
And you also have to have strong patience to do it in the long term, because in the long term Bitcoin can not only fulfill your desire to buy land. However, you can also build a house and its contents with Bitcoin, and most importantly, have patience and strong belief that Bitcoin can make what you want happen.

That's a very calculated decision as you are aware of what you are doing and the risk involved in it. I don't think one will get land for the amount you have mentioned henc eit would be better to invest into Bitcoin and hodl it for longer period of time. I would say right now Bitcoin is bullish and only if you are a long term investor and don't mind hodling for more than 3 to 4 years then you can enter now else wait for correction phase and then buy Bitcoin as buying Bitcoin at lower price will increas the probability of multiplying your investment into profit.

Your points are quite logical but if you invest in any land it may take 2-10 years or more for your investment to double depending on its position.  But according to Bitcoin's past track record it takes up to 4 years to make your money 2-5x depending on the timing of your investment and how low you buy from ATH. Because we all know about Bitcoin's four year circle and how true it is. So if he invests in bitcoins that is also not bad but he should definitely hold long term

I'm sure you've heard it or have read already but don't invest what you can't afford to lose OP, 11 thousand dollars is a lot of money to dump in bitcoin and I don't even know if you're a newbie to bitcoin investment or not because that could mean a big difference, if you're a newbie and you plan to buy right now, you're probably going to panic sell when the price starts going down and see the value of your bitcoin go down but if you're not a first timer then it's probably the best time for you to get in even if the price is going up because that would mean that you can probably make more profit as you HODL until you reach a desired price to sell or if the price goes down when you were buying when the price was likely to soar even higher, then you will be able to endure the panic that's making you want to do stupid stuff like panic selling. Another thing that OP should consider is the legality of bitcoin because depending on where you live, you will likely be prohibited hopefully OP is somewhere that has a grey area when it comes to cryptocurrency.

That is a good decision because saving money in the bank is not productive and over time its value will continue to depreciate so it is better to put money in a more productive place. Regarding the risks, you don't need to worry and if you apply a long-term strategy to generate profits then just wait until the time comes and most importantly don't panic when Bitcoin experiences a sharp decline in the market. So I'm sure you and anyone else will not experience a loss in investing in Bitcoin because most people who experience losses are caused by a lack of understanding about investment and most try to sell bitcoin when the price falls.

You will definitely achieve your target for buying land after bitcoin reaches a new ATH and perhaps as the cycle progresses this will be a little faster for the investment period you make. Stay calm and continue to collect as many bitcoins as possible because you will get the hope of buying land after the investment goes well and your decision is quite right in my opinion.

Hey, how much did you spend on Bitcoin from that 11k you had? I hope you've got some backup funds while making sure your main gig is running smoothly. Going all in can be risky. Imagine needing urgent cash when the BTC price is below what you bought it for ... that's a double whammy.

Think about a safe portion to invest in BTC. Bitcoin doesn't always guarantee profits. So, if you incur losses, don't blame Bitcoin later. What I dislike is when someone loudly calls Bitcoin a scam just because they had losses in the cryptocurrency space, especially with Bitcoin.

The price of Bitcoin is high now which entails that you might not make much profit like someone that bought early this year or last year. It also means that you are taking more risk since we don't know how high the price will go next year. If you can take the risk of buying the coin now, it will be a good investment but you can also intensify your effort in looking for a good house you can buy. Next time you will have to consider buying Bitcoin maybe monthly each time you receive your salaries.

Keeping money in a bank account is a pure waste of time especially in many developing nations that experience diverse economic problems. Some currencies have lost up to 50% of their value in a few years. Investing in Bitcoin serves as a strong hedge against inflation. But I am also happy that you are aware of the risk involved in investing in Bitcoin.

You have are making a good decision here because leaving your money in the bank will benefit you nothing, they will even be using your money for their investment and you will be charged for some maintenance and other charges, therefore leaving your money in your bank account is not a good option for future plan.

You are not too late with your decision, this is probably the best time for you because investing in what you understand and have feelings for for future is better than investing because of FOMO. Since you now understand the fundamentals of Bitcoin and how it’s work, you now understand how save your investment is with Bitcoin and you will gain money as profit when the Bitcoin market go up which is very good.

Bitcoin, It's not bad choice of Investment against land as it has the potential to appreciate in value/profit within a  shortest possible duration let say 1-3 as the case may be, and particularly now we are having the bullrun in sight, and with the bitcoin ETF approval underway by next year.

Op since you've the knowledge about bitcoin I am  earnestly convince that you have thought this twice over, therefore you know what you doing. All the best with your investment.
There is no missing out really despite that you didn't had this plan sometime earlier. The most important thing now is that you have eventually made the plan. Goodluck with that.

There is said" No risk No gain".You believe in Bitcoin. Trust your abilities. And you wanted to buy land with your savings. You could also get the benefit by keeping your account in the bank. But you thought it better to spend that money on buying Bitcoin. And you did well. Earn good money from Bitcoin. And with this income, he not only bought land according to his wishes but also earned more. And you are satisfied and happy with yourself. We are also happy to know that you have done a good business and we wish you to earn well in the future.

Its great to know your decisions OP. At first I thought it would be a wrong move for you to choose bitcoin instead of land because the latter has lesser risk right? And why would someone trade it for s crypto that is so volatile? But it seems like you already weigh the outcomes and you are very much decided to your choice so salute to you!

Good luck and congratulations for doing that. We don't hear this type of plan and admission at all times. As long as you have understood how volatile Bitcoin is and you're aware of its upside down movements then you're good to take that volatility that it has.

I admire you for doing that because for a beginner, most of the time we say to only invest what you can afford to lose but it seems that I don't have to say that to you. Based on what you've said, you're already determined and considered those things before even investing.

So, we go with the waves and roller coaster move of the market. We're all on this together so not just a good luck to you but to all of us. :)

And soon, you will be able to buy that land you're planning and probably a bigger part of it.

Your decision to invest in Bitcoin will surely bring a good potential result in the future. Investing in Bitcoin can be a good opportunity for those who are willing to take risks and stay informed. Although Bitcoin has historically shown strong recoveries after price drops, there are no guarantees in the investment world. As you are planning a long-term investment, the big challenge now is how comfortable you are with Bitcoin investing in the current market hype. But I think you should go ahead and invest in Bitcoin right now. Bitcoin halving events have historically affected the market, but you should proceed with caution.

Firstly, there is no written word for starting to invest in BTC, and your goal is correct. It is better to invest in BTC than to put your money in a bank where there is absolutely no profit there and even the value of your money will go down.

But of course, investing in BTC also has risks if volatility occurs, therefore you need to study it better so that your goal of growing your money is achieved. And I think the most important thing when you buy BTC is to choose a trusted exchange because there are so many fake exchanges. After you buy it, you have to keep it in a non-custodial wallet. This is necessary because your investment goals are long term.

Many people see bitcoin as a quick rich scheme without understanding the real potential of it. What OP have planned is really appreciable, because he had understood well about the market as well as the risks associated with bitcoin. Keeping hold in the bank doesn't let the investment worth $11k grow high. The same in bitcoin will assure of good return in the long term.

If if buy a land without proper analysis about the surroundings we might end up in loss as the value depriciates. The land value rise is mostly for the specific locations and investing on them needs very big money. With bitcoin the smallest denomination lets you to invest based on one's ability. Bitcoin investment assure you with growth, if you have the patience.

Your money, Your rules!

Its none others business on what are the decisions you would be making since its your savings and not theirs. Its good to know that you are pretty aware about the risks involved on which this is something which its important to know in the first place. Now that you are deciding on buying Bitcoin then good luck! We cant really be able to draw out some conclusions whether this one might be ending up positive or negative
but in 5 years time then we can assume that we might already on higher price or value although it wont be an assurance but if i were you then i would be waiting up for the bearish market to come.
Just like into those moments where the market had gone down to $15k. Now that we arent still on a bull run period and since we are still that going for halving event then it would be wise
that you should be waiting up at least for that last dip before making some entry.

With this then you could really be able to enter on prices on which we could really say that this is something that you could maximize profitability. The only issue on this kind of method
or way, is on how you would be able to determine the bottom?  :P

When you talk investment in cryptocurrency and long-term investment precisely then you talk of bitcoin because I know quite well that among others cryptocurrencies it's bitcoin that have a very big potential and we don't need to compare it with other coins in terms volatility, bitcoin survive every bear season and that is while every investor will advice to invest in with bitcoin, so therefore its obvious that cryptocurrency investment have to do with a serious precautions, so I believe that their is no altcoins that can have same or equivalent volatility bitcoin has, that's while it's recommendable to ensure you have to choose bitcoin as the best cryptocurrency to be invest for long periods of time.

You have really tried. That means you really knows the importance of saving for once future.


You have really made a wrong decision here by saving your money in bank. It's better you make your money work for you to earn more than to save in bank where little interest is given and part of the money is been deducted as monthly charges.


This is great for your country if you can save up to this in 5 years without embezzlement.


Land is a good investment if gotten in a good location. I think with the nature of your job, you should be able to get land where your money can be double within limited time.


You have made a great choice investing in Bitcoin. Make sure you have understand the pro and con of investing in Bitcoin for long term goal before investing. I will also advice you to diversify this your savings. Invest part in Bitcoin and use the remaining to acquire land even if it is in a common area where you are sure of profit, this profit can help you to solve some financial problem if it arises. You can as well use the remaining to start a mini business so as you to use the profit for some daily expenses within the family.

On one hand, the best time to buy bitcoin was yesterday, so you're late OP, but on the other, you're still early, but the more you wait the smaller return you can expect to have, although it's going to be big enough to satisfy your needs anyway (probably) because you can't get 200% return anywhere else, so that should be fine by anyone's standards.

IMO you chose the right investment, but I don't know your situation and it may happen that you need this money early and the return just isn't there. Usually people who invest their only available money are the ones that later come crying that they sold and lost it instead of holding.

Well, that is really hard work for years of saving money, but if I were compare the price of houses here in my country, I think 11 thousand USD won't be enough. Which is why your plan to invest in Bitcoin than saving it in the bank is really good, so the money could still grow and work for you than being saved in banks. Just remember that Bitcoin would be much more beneficial if you hold it for a long term investment, if you are planning to invest all of your funds I thin it would still be better to timing your investment based on the markwt, sadly the current state of the market is already high but doesn't mean you are too late. It is still up to you, it's your money after all, just do your own research first and invest at your own risk. Goodluck!

Don't invest all your budget in any asset that you think has good potential for providing returns if you don't have a reserve budget. Keep in mind that markets are always at risk due to price volatility - but that's not the only risk you need to be aware of. The risks to your security and safety must also be considered - I mean you can still lose all your investments due to your own mistakes such as losing access to your wallet or your wallet being hacked.

Use a quarter of your total budget for investment - then you can buy and accumulate when the price of bitcoin falls. For you - I think DCA is very suitable because you have a monthly salary that you can probably still set aside for investment. So I repeat, use only a quarter of your current total budget for investment - then accumulate every month.

If that what you think about bitcoin, then put your trust in bitcoin and bitcoin will make it happen for you. Buying a land probably is everyone's dream most especially if you are just renting most of your life. But if buying a land creates a hassle on your part, then try to invest in bitcoin first and when you reap decent profits, reserve some profits to buy your dream land and use the remaining profits to reinvest.

However, since you have a huge amount of fiat right now, learn to manage your funds well and only invest on the amount that will not give you burden whenever you lose that amount. Bitcoin investment is known to be secured and highly profitable, but it does not happen with just a blink of an eye. One should work hard on it, and put maximum patience while you are in the process of long term hodling.

I liked this tweet that CZ Binance posted on December 3rd, where he decided to leave his job ten years ago and sell his house to fully aped into Bitcoin. Some may consider this decision wrong due to the volatility and risks in the Bitcoin and crypto market in general. However, he could calculate and manage the risks, having the courage to invest instead of avoiding risks. I assure you that putting money in the bank and making profits from it is a waste of time and not worth the effort. Through Bitcoin, your capital can grow fantastically. Investing your money in Bitcoin is a sound decision because it is the best investment that will shape your future. It's possible that you can buy not just one piece of land but many pieces in any position you want eventually through your BTC profits. Trust in Bitcoin and learn how to manage risks and hold your amounts for the long term.

https://gcdnb.pbrd.co/images/9akWzuGMbsyN.png?o=1
SOURCE: https://twitter.com/cz_binance/status/1731233341028888936

When you establish a solid plan for your future, most likely success will easily come to you than those who have no solid plans from the start. So I want to compliment you for that OP. Now, that you are decided to invest in bitcoin at the beginning of the new year, then start educating yourself now about bitcoin. Be aware of the common risks, as much as be more open for losses than expect major gains, most especially that you are still a beginner in bitcoin.

Start your bitcoin investment with small amount at first. You still have a lot to learn with your investment and you might incur losses a lot before you can experience real profits. So always invest on your extra money that you are willing to lose if ever your investment will not work.

I support your decision to choose Bitcoin investment than saving your money in a bank. You must know that you won't get any profit if you save your money in a bank, you even need to pay monthly fees. It is very different if you invest the money in Bitcoin, you have the chance to multiply your money as the price of Bitcoin rises. Since we are heading the bullish season, you're in the right time to buy Bitcoin. You don't need to keep it for a very long time, you can take profits in less than 2 years.

It is good if you already know the risk. Before you invest in Bitcoin, make sure you have sufficient knowledge first. You need to understand the potential of the profits and know the risks as well. You also must understand when the right time to buy and sell the Bitcoin. There is a time that you are better to buy, but there is a time for selling. In bearish season, it is the time for buying but it is the time to sell your Bitcoin in the bullish season. I suggest you to learn the cycle of bearish-bullish season.

Just make sure that you are ready for the adventure you are about to undertake, this is money that it took you 5 years to save, so make sure that you do everything you can in order to protect that money, as we have seen many cases on the past of people that bought bitcoin and then they store it in an online wallet and lost it all, so just as you have been committed to save all that money, you need to be as committed when it comes to protect it as no one else will do that job for you.

There is no time when anyone plans to invest in bitcoin will be taken as the wrong timing or late period of investing in bitcoin because as it is now, bitcoin is still at its early stage and the majority of people all over the world are yet to invest and know about it. But here you are, having the knowledge of crypto volatility and the importance of investing in it for the future, that it will give you many profits in years to come compared to having your money kept in the bank without any profit attached to it in years to come order than your money been devalue in years to come.

Whether the mistake of not planning bitcoin investment earlier enough, don't judge yourself because of that but instead count yourself lucky as one of the investors of bitcoin who knows about it. That's the most important thing and what matters most because you have queued in for financial freedom bitcoin brings to its investors.

It won't be a  bad idea if you choose to invest this amount of money in Bitcoin, leaving it in the bank will be a huge lose. We are gradually entering the bull market, it will give you profit that you can add to your profit to acquire to get the land property. It will be be far better than dropping it in the bank because of steady depreciation of the traditional currency. But before you take this decision you need to understand that bitcoin is very volatile, it is longterm investment that profit can be made by hodling, if you are okay with how bitcoin is you can go ahead and invest.

I think you're imagining what if you've been saving that money through Bitcoin all over this time than being kept in the bank. But what's done is done and you can never revert the time. While it is obvious that you've done a better decision and you've already going to do that with all affirmation to yourself. There is no coming back and you're just moving your money from no-volatile storage to now, a highly volatile asset since you've sacrificed for now the buying of your land.

Property is a good investment, but by my experience, it is not enough to maximize your profit even if you invest it in bitcoin. I have property land 3 years ago, and was sold it just to change my strategy investment to Bitcoin. What I got?, of course, profit more than my expectation. When I calculate, my land property is just growing up 50%, I bought $5000, and the price now is only $7500 for 3 years. But, when investing on bitcoin on $5000, your money can be $15000 or more when you hold it again for 10 years. Selling property is not easy like you sell your bitcoin. You still need agent which must spend % money for marketing. but in bitcoin, you can sell it on the second without need it again agent or broker.

Does this mean that you've quit your government position because you've said that "end of five years" with your working life? This is a tough decision if you're going to ask me because when you're comfortable with the job you've got and you're about to quit to do other things then it is necessary to think of it so many times before you do it.

And it's nice to hear that you're able to save money from that job of yours because not everyone is fortunate enough to save money as they work for that long. There can be others that have higher than the amount you've said but it's not a secret when many weren't able to save with their lifetime jobs. For your plan of buying a land, I know how it feels to be when you've got that money and it's gonna be gone once in a blow after buying a land.

Do not regret that you have just moved. What's good for you is that you have made the initiative already and made a move before anything else happens or before you see the market soaring high that you'd think it's too late.

Since you know the risk of investing in Bitcoin and the possibility that it might go down unexpectedly, I think you already prepared yourself for the worse that can happen. That's good because you are aware of what you're getting into, but still determine to invest despite of the risk. Well, for me it's a good decision to invest in Bitcoin rather than keeping it in Bank due to the low interest.

However, we know it's a roller coaster ride when you engage yourself in Bitcoin that's why an investor must need a lot of patience and firm to hold for long term in order to get a positive result.

Op, since you have $11,000 and have prepared to invest that $11,000 in Bitcoin, it's great because investing in Bitcoin is much better than keeping money in the bank. Because if you invest Bitcoin you will get 100 times more profit than the profit that the bank will give.

However, since we are currently in the beginning of a bull market. Right now you will be better off if you invest and hold for a long time because the market will probably go up in early 2024 because the Bitcoin ETF is scheduled to expire in January 2024. If the Bitcoin ETF expires in 2024 then the market will go up for sure. If it is possible to invest in bitcoin now then you can invest in bitcoin. After investing I will give you some advice that you must follow.

My advice would be that the wallet you keep your bitcoins in must be secure. The wallet seed phrase must be kept in a location that no one can ever access. Since investing $11,000 worth of Bitcoins, you can use a hardware wallet to make your investment more secure. Not only do you invest, but you must be more secure in holding later. As the saying goes, protecting freedom is more difficult than achieving it.

Definitely a good choice to invest in Bitcoin, but at the moment just wait for a correction, the price has gone up twice the price, for me now is not the time to buy, I know how eager you are to put the money in Bitcoin, but this is your first lesson you should not buy when the price is going up, instead wait, there is a time to buy and a time to sell, if you have ever decided to still push through I would suggest keep half, why? because in the event the price goes down you can still buy and add it to your portfolio.

If you are ready for all the risks involved in Bitcoin investment and you are ready to lose the money, do it now, not later. Bitcoin is on an upward trend, perhaps at the beginning of the new year its price will increase much more than it is now. I don't want to say Bitcoin is the best investment, price volatility can make prices change at any time, there are times when the value of your money will fall and on the other hand it will suddenly increase even more. The potential for money growth is greater in investing in Bitcoin than buying land, if the money is not used for other needs, you can make long-term investments to get bigger profits.

You have made what is best for you and family though i wanted to questioned you for deciding putting money in bank instead in investing in bitcoin , How can you imagine if you start investing here 5 years ago? you should have tasted the halving in 2021 and for sure now more than doubled or more from your funds not .

but I wanted also to congratulate you for having allow yourself saved that amount for 5 years and now buying land as also the land is making significant increase each yeah depending to its location .

You have taken the right decision at the right time but if you had taken this decision six months ago, you might have made a much larger profit now. Let's say if you had bought and held half BTC amount six months ago, you would have almost doubled your profit by this time.  The current Bitcoin price has almost doubled from what it was 6 months ago today. Still investment decision will not be bad for you if you can invest with maximum risk. $11000 is too much to invest If you are ready to risk this huge amount of money then you can start your investment. But don't invest only thinking about profit but also invest thinking that your money might get damaged if you invest.

  What you want to do in the eyes of others is a good plan, and another is for them to tell you to think carefully first because you have been saving for years. So, for me, you should think that he is okay if you are really determined.

  Just make sure for yourself that you are ready for any consequences here. So, honestly, if you already have a broad understanding of Bitcoin, that's good. So good luck with your decision.

You took a nice decision. When you keep your money in the bank, the interest rate is very poor and it won't generate anything meaningful. If you choose to use the money to buy a landed property, it might take many years to appreciate in value. Choosing to buy Bitcoin instead will be more rewarding especially now that the market is getting ready to go bullish. If you invest now, by 2025, you could triple your money, then you could buy a land and also use part of the money to continue your Bitcoin investment.

You are doing one best decision for your family and of course for you in the future, Land is the strongest investment human can have as long as this is titled and legally bought because sometimes the not paper bought brings to taking back or having big issues in the future.
but as long as this is legit transaction then yes you are preparing best for your family, but why not try investing in bitcoin for longer time? since you don't need it for a while? then if the price goes multiple times then buy more larger land and with House and Lot .

Gladly that he had decide to bring the Money in bitcoin than banks that only uses our money
to make them rich and remain as poorer , this is how stupid banking system they are using people are milking cow ,
when it is our money that hey have handling and yes if something bad happened we cannot even get a full refund
so where is the justice ? OP make one of a heck to make His life better in the coming years.

Nowadays, many people are realizing that it is better to put their money in bitcoin than in a bank. They can still put money in the bank as long as it's the right amount and not a large amount. But if we want to collect a large amount, it is better to put it in Bitcoin or one of the other top 5 altcoins in the crypto space.

Even if I had a lot of money in the bank and had 100% idea or knowledge about Bitcoin or cryptocurrency, I would really pull out my money from the bank and exchange it for digital currency. And I don't regret it; that's why I salute the decision made by OP.

I would say that it's going to be a better choice to invest in Bitcoin and for that you should also try to follow a DCA strategy that would allow you to accumulate a lot of Bitcoin in short span of time and then you may hold those Bitcoin and earn good returns by holding for Bitcoin investment for at least a year or two.

You can also follow a dip buy strategy as that one has been helpful for many investors and they have accumulated a lot with that strategy but in order to do that you'll need to be active on the market by viewing the charts everyday for many hours and then you'll be able to know the dips and can accumulate Bitcoin during those dips.

I must say that you'll need to have a sperate system most probably a cheap laptop that only you can use and access. You should first clean up that laptop by formatting the all drives of that laptop and then install Linux based distro on your laptop to safely create your own personal wallet on that laptop. I would recommend you to use an open-source wallet software like Electrum for the purpose and then save your private key and seed phrases in a secure location in your laptop's hard drive as well on paper.

Then without a very small amount of Bitcoin into that wallet and once you receive the withdrawals then copy your wallet address and make that system air-gapped by turning it totally off and never allow it to be connected to any internet connection. Now use a different device to purchase Bitcoin and deposit the Bitcoin into that wallet and see your confirmed deposits via a block explorer. Wait for Bitcoin to gain enough value and sell it when you think you profits goals are reached. I hope that would be helpful for you. Best of luck.

I agree that he needs to be patient that he can wait for the correction. While we've seen the market moved up quickly, there will be some corrections that shall come and he needs to wait for it if he wants to buy a bit lower than the current price.

But there's also a good strategy that he can simply buy at any price which is the known DCA and there's no problem whether he buys to the top price of the current time.

Because a year or two, the price will be more than what it is today.

It's a very wise choice to invest in acquiring some BTC asset because for long term holders, it would pay better that saving in the bank.
One consideration I would like to expose, is that BTC is money and restricting it to only a long term investment plan is not using it for the full potential it stands for.

I like the fact that BTC is decentralized and devoid of any prying eyes that wants to know our portfolio and that's what makes investing in it, a solution to solve future problems or actualize future dreams.

The risk of investing in Bitcoin at this moment is minimal because of halving expectations and reduction in block reward. I can boldly advise anyone to take that risk with Bitcoin now than I would've done last year. Even if it dips after you invest, don't be scared. It's an upward movement from here. Though we will get some retracements on the way, don't panic. I took same decision and I'm already 20% in profit. I don't intend to sell off until after halving and beyond it.

The suggestion you make does seem quite good if someone wants to use it, but personally I would only consider two coins if I wanted to put money into cryptocurrency. If I don't put it in Bitcoin, then another option is stablecoin which I have also trusted for a long time to put my money without any hesitation. Meanwhile, at the bank, I will only put what is necessary in moderation because I consider the bank only as an intermediary to make my work smoother if occasionally I need to make a transfer for my own work partner.

Everyone has different ideas for something like this, although I also wouldn't put all my money into the bank if I still liked and could afford to put it somewhere else like the crypto space. But because I still have to use the bank for certain things, I will continue to allocate money separately into several places even though I will only put what is necessary into the bank and the rest into the crypto space. And I think the idea you offer is also not so bad for everyone even though we don't have to equate our mindset with other people in this matter.

This is really great to see that you choose Bitcoins for the investment. I am not saying that Bitcoins will give you guaranteed returns, but yes it’s the best investment option present currently which offers moderate risk and moderate profits. Land investments are also great, but there is many overhead associated with it later on. I would say OP, that you did amazing job. Now just hold the coins for some months and definitely you will see great profits later on.

Your choice of investment will be very profitable and I think  that you are not too late yet but if you are waiting till the Initiation of another year so may be you become late that time as bitcoin is going up and up in response of halving. Bank saving cannot give you much profit as that of bitcoin can give you but still there is a risk associated with bitcoin but as you have said that you know about risk then hopefully you will also know about the solution of this risk.

If you have some amount with the aim of using for emergency and also you can carry out your duties well then this amount is good for giving your profit. Always remember that before taking step into any business share your idea with your family as family can give you better decision instead of other colleagues of crypto world.

It's not a bad thing at all, but isn't that amount too much? Why not use half to invest in Bitcoin? Anyways the choice is yours, I sold my land last year to buy some Bitcoin and I was discourged by almost everyone that k know, it was a easy decision because I have more than one properties, and with the way things are going I might have to leave my country in the future, I haven't made up my mind though but if I have to I might end up selling more, but this type of decisions are not bad when you have more than one property, you can easily sell one to invest and keep the other.

I think right now is not a good time to buy Bitcoin, because Bitcoin just pumped over 42k and that's a bit high for me, if you want to DCA it's still better than going all in, I would rather wait for some pull back, maybe it can happen in few weeks later or by the early of next year, be patience and hold your horses for now.

Honestly, you should have planned this way earlier than now, bitcoin is currently trading above $41,000, and by the beginning of next year, there is a very high possibility that this price can increase even higher than it currently is, and this simply means that, you may be buying bitcoin around $50,000 by the beginning of next year when you finally withdraw your money from the bank.

Assuming you had planned this earlier, there was a time this year when the price of bitcoin was around $15,000 or even lower, if you had invested $11,000 on bitcoin then, you would have gotten almost one full bitcoin in you possession right now, you will be in a very huge profit by now.
But anyways, I guess it's not too late, bitcoin is going above $100,000 in the coming bull run, so, it's still early to invest now before its too late.

I really envy your courage, not everyone will be that courageous to invest all their savings in Bitcoin.
Moreso I respect the fact that you understand that this your investment could become nothing tomorrow because of the volatility and risk involved in investing in Bitcoin.
It's a good thing, and who knows your $11k could become $20k in this next bull run.

Not everyone because not everyone has also seen the potential of Bitcoin. But OP has a positive view of Bitcoin and a kind of investment mindset which drive his decision to invest in Bitcoin rather than buying land. He came up with that decision believing that Bitcoin could give him more profit which was unlikely to earn if he acquired land.

Indeed, the potential of making $11k can be doubled or even more when properly managed. Perhaps he knows the risk he faces so we could assume that he was ready enough to whatever happen.

I hope everyone who saves money in the bank will shift to Bitcoin savings in the future. But I know that this is impossible; there are and still are people who will use banks and even in the private sector, especially businessmen and employees, of course.

Now, for OP, I am impressed with the decision; he has a full heart and trust in Bitcoin; he saw its potential from 2008 until the present that we are living now. It is rare for an employee like him to realize what he discovered in Bitcoin.

We still need fiat money as a life support measure and taking all our savings to invest in bitcoin will force us to engage in short-term trading to make ends meet. Unless we have another job to make money to make ends meet and buy something we need, it may be necessary to allocate investments and cash for daily use so that we don't have to think about getting involved in short-term investments.

We also need cash because it is for children's education, health and other needs and perhaps the allocation can be adjusted according to needs. The steps taken by the OP are right, but he also needs to think about cash as a process for buying something he needs. If he has other income it may not be a problem when he withdraws all his savings from the bank to buy bitcoin.

The greater the profit offered, the greater the risks faced. The explanation you have given in Op indicates that you understand how Bitcoin works, the value of your money can change suddenly when market volatility occurs. I know, this is not about greed, but rather about future goals after comparing land with Bitcoin.
If you want to invest in Bitcoin, why wait until entering the new year. Aren't you free to withdraw money stored in the bank at any time, you can invest now, maybe when entering the new year Bitcoin will experience an increase in price which will make your money estimate increase even more.

I think you can invest the money to buy land in bitcoin the idea isn't bad. If you are proparly able to invest your land money then go on. Becose you're buying land after few years the. Price of land increase but not that much increase. But if you invest in bitcoin in the right time then you can get 2x 3x profit easily. That's the reason if you want you can go for bitcoin investment.

Bitcoin has historically always been a safe bet. And while the future is not certain, our confidence in Bitcoin grows and grows. The price reflects this.

And soon Bitcoin will become really big - thats what I believe. ETFs are going to be offered to the average american Joe by the most professional brokers. This is going to pull in many old-world investors with immense fortunes.

 

I don't understand if you are talking about withdrawing the money from the bank by next year (2024) or perhaps you have been withdrawing it since the beginning of this year. If you had withdrawn the money earlier this year, that means you should have invested it in Bitcoin already when the price was still around $20k+ and you would probably be making more profit by now. If you invest now, hopefully the price will grow more than it is right now, and you will still make a profit if the bull market sets in. Waiting until next year before you invest might not be a wise choice because you don't know if the price of Bitcoin might have grown more than what it is right now.

I appreciate your decision. At least you realised how Bitcoin could give us a good return. Land investment isn't very profitable lately, especially for those we are related to who could make more money from Bitcoin. We just need patience for that. Because Bitcoin is a volatile currency, any time could dump it. So you have to be mentally prepared to encounter any kind of dump. More importantly, don't forget to store your bitcoin in a non-custodial wallet. Try to buy a hardware wallet for safety reasons.

There's no doubt with that and it had been proven already for a decade if we do speak about price potential on which it is really that worth on holding but i do agree into those words abotu safest bet
because there's no thing on this world that make out investment without having no risks. Yes, we can see that Bitcoin does have that kind of support but we know that not all would really be that having the confidence on investing through it because of those circumstances or things that they've seen online specially with government continous banning and involvement then it wont be that so shocking
that they would really be that hestiated on involving into. Now that you've decided whether you should invest the money you do have or not then its up to your own choice.

Just make it sure that you wouldnt really be making any regrets and dont invest on the amount on which you cant afford to lose. If you are planning on buying some lands
with investment profits then its not a bad idea but dont expect that prices or profits would really be that so easy.

It's better to play safe than risk it all. Land appreciates faster than Bitcoin in real sense except for Bull run seasons. Instead of risking all $11k on Bitcoin why not do a split on the money maybe a greater percentage could go for Bitcoin purchase while the rest on land. Reason been that no one can predict the future a need for the money might arise and that period might not be bullish enough to make some.profit before selling and might result in loss. To be on the safe side the land can be sold back while the Bitcoin remains even for longer term. Because so far the longer we wait the higher our chances of making something tangible out of our Bitcoin investment

Not that they don't see the potential, but some are actually afraid to commit funds to investing in Bitcoin, especially life savings.
It is a risky venture and the OP is well informed and I am sure he is ready to bear the consequences of his failures and success.
But hopefully this results in a massive win for him eventually, he could make in a month what his banks can never afford to give in 10 years

it's a bold plan, and if it works, then it will really bring you huge profits. However, I think that you need to save some of the money you have in Fiat as an emergency fund. We don't know what will happen in the future, because as far as I know, there are many people who try to invest all the money they have, but they are forced to sell the investments they have cheaply because of an emergency.
So, I think if you want to try investing in bitcoin for the long term, to buy land, that's not a problem, many people do that, but make sure the money for daily needs, savings, emergency money, and others is also met. because if not, then it could threaten your investment in the future.

That's  great idea! Make sure you choose a reliable platform for your transactions. Diversifying your investments is crucial to reduce risk. Remember that markets can be unpredictable, so it's wise to only invest what you can afford to lose. Consult a financial advisor to make sure your decision is in line with your long-term goals and risk tolerance.

This is the beauty of Bitcoin. You cannot invest into real estate or buy small portion of land with small amounts. But in Bitcoin investment, you can start with as low as $10. There's no limitation in Bitcoin investment which makes it a very powerful investment option. But if you are really going to invest into Bitcoin then I suggest you not to do it all at once. Focus more on doing DCA if you have less knowledge about trading and other stuff.

That's never a perfect time when it comes to Bitcoin investment. If you have the will to hold for a longer period of time, anytime you invest becomes the perfect time for you. Don't regret your decision. Just buy and hold until you see profits.

You are making good decisions at this point, but in my opinion, you should have made this decision much earlier. The price of bitcoin is currently high, so I don't think it's a good idea for you to purchase it at this point when it's over $40k Instead, you would have take this decision when the price was still under $30k Although you've saved money for a good five years, I believe you should wait longer if you can't afford to buy now. I know that some people can still invest and take risks regardless of the price. Because of the current price, I will not encourage anyone to buy bitcoin at this point. however, I will suggest that you should use half of your money to buy land, use the other half to begin your journey into investment.

We have different perspective on where bitcoin price can go, it is speculative if bitcoin can go down to 30k again assuming that it is before the bull market. I myself believe that we can go that price point but I think that OP wouldn't want to miss the chance for him to invest in such price given that he is aware and has a knowledge about the risk of investing into cryptocurrency. If bitcoin go up more than 40k, the difference would only be the profit potential that OP can get but overall, I also think it's a good move investing in bitcoin even with the entry price he choose.

Dollar cost averaging would be also good strategy but again OP bought the bitcoin already and it will hardly depend on him if he will follow the advices we posted in his thread.

a few months ago the price of bitcoin was still around $25k++ now the price is already $40k++ if you started buying bitcoin when the price was still under $30k then now your $11 thousand money has increased almost 1.5 times, well the price of bitcoin continues to increase as time goes by, so don't think long about buying bitcoin, rest assured that when you buy bitcoin at the current price then in the next few years the price of bitcoin will increase rapidly and you will get a profit of 3x or even 5x from the initial value you bought bitcoin at this price, when it's certain that your dream of buying land using Bitcoin will come true smoothly.

It is important to diversify your investments to spread the risks. While bitcoin can be a lucrative investment, it is important to stay on top of market trends and potential regulatory changes. In addition, I advise  to consider other investment options alongside bitcoin.

Yes, diversification is a smart approach. I too want to create a balanced portfolio with some funds invested in bitcoin and some in less volatile options. I will be able to aim for growth while minimising potential losses.

Don't you think you approached this wrongly especially knowing very well that land never depreciates no matter which part of the world...unless it's a war zone! Probably you have your reasons for not doing so earlier, maybe because of other commitments....

But on a serious note, since we can't cry over spelled milk this is your next opportunity to buy that land and get something to your name.. and don't miss this discount as the next 5years price will skyrocket as demand is high for real estate projects coming up every day.

That's what they mean when they say money changes people, you have the money for X but now you want Y or Z..it's a normal thing  ;D 8)

Instead of throwing everything at Bitcoin from your savings, use a small percentage of your salary to buy Bitcoin every month and before you know it your crypto investment will be healthy in a few years from now ;)

From the profit he will earn can be enough to buy land in the future. If we are smart people, we surely think about what is the best thing we do. We can say that Bitcoin investment is profitable but that will also depend on the person who invests because many people have also suffered losses. But why do we say it was a smart choice over buying land? And it is because we thought that Bitcoin has a huge profit potential and we could use the profit to buy land.

It might be a good suggestion for OP and this suggestion might work for OP.  The way OP posted that he is willing to invest all the money to buy his land, he may never have planned that when he needs the money, if his investment is at a temporary loss, he will have to sell his investment at a relative loss to meet his needs. In order not to have to sell his investment at a loss, OP can save a part of his total money if he wants so that he can meet his needs with the savings money if he needs it in the future. If I had planned to invest the money from selling my land entirely in Bitcoin, I would definitely save some money instead of investing the whole money.

Not a bad idea. But know the risk and rewards involved. If you are not willing to risk  your money, and you might need the money in case of emergency or something like that, then in that case, the purchasing a land would be a better choice. The value of land should be appreciating in the long run, but the returns might be minimal, but at least you won't be losing any money due to inflation or something like that. On other hand, if you are willing to risk, and you won't need the money anytime soon, then invest in bitcoin and keep holding it until you are ready to take your profit. But don't invest the money if you might need it anytime soon. The market is very volatile and having to sell at the wrong time might cause some huge losses for you.

He probably knows what he is trying to do and already thinks about the consequences. Perhaps, it was a plan already and it was allocated to buy land but had changed and decided to invest in Bitcoin which I believe was a good idea. He can buy more properties if his investment goes well but if he just invests in land, he can't buy Bitcoin or start any investment because he has nothing already aside from the property he acquired.
But yeah, he should not put all the money he has now since he is not working already, 75% is enough while 25% is reserved (IMO).

buying bitcoin for long term investment is a good idea and the profits obtained from bitcoin you can buy land without reducing your previous money,
Land investment is indeed promising if it is in a strategic location, but if you need money you cannot sell it quickly like bitcoin, if you buy bitcoin for 11k$, at the current price in the next 1-4 years you will be able to make a profit and you can save or buy land You can even increase your Bitcoin investment from the profits you have from previous investments

True, it depends on whether the property you purchased is in an area that will be developed shortly. It is not promising if you purchased land in an uncrowded or unknown location where it is hard for people to visit, it should be a decent looking location. Even though the place is not developed yet, the price of the property will continue to grow gradually because time will come that the place will develop. If you want to be profitable in just a couple of year with high ROI, I prefer to invest with Bitcoin.

Buying Bitcoin using your savings would be a good decision you can make. Instead of saving it in the bank without any progress, invest it to earn profit. Don't let the bank make use of your money, you are only making the bank richer, it should be you who benefits from your money and not them. Accumulate Bitcoin before halving, and invest only the amount you can take risk.

Alot have not been in alignment between the thread title and wt is being written in the body of the thread and at some point it seems to me that the ops have hard a lot of misconceptions along the line,  because what is being mentioned in the thread is about comparing Bitcoin vs bank balance but with the title he stated that he want to buy bitcoin with the money he want to buy land with,  so the comparison should be between Bitcoin and land not Bitcoin vs bank balance because we all know how worthless the bank saving thing is.

So for sure let look in the direction of land vs Bitcoin,  because in this my side of the world,  government approved land is a big deal for you,  for that it price appreciate heavily,  but also I know thos is not same with other part of the world because this land investment is only allowed where there is no government control over land and at that,  there could be a lot of land peddling at some point.

And while you were saving money for five years, the price of land was also rising all this time. Those pitiful interest accrued by banks, most likely, will not even be able to compensate for this difference in the rise in price of land.

If you had become interested in the bitcoin earlier (5 years ago), then by now, most likely, you would have already become the happy owner of your own land. Over the past 5 years, the price of the bitcoin has increased quite significantly and an investment in this would already bring a significant increase. This is better than a low-yielding bank deposit.

I just don’t understand, did you want to buy land for future resale (for speculation)?

Don't delay your purchase. Have you noticed how sharply the price of the bitcoin has been rising lately? It’s not too late, but with the current hype (possibly short-lived), you will get fewer bitcoin (parts).

What has happened has passed. You still have time to get into the last carriage.

You have a very good plan and it's very important that you understand the dynamics of investing in Bitcoin as that will help you alone lot in knowing when to sell off and when to still hold on to your investment such that it will be very profitable to you, it's true that if you had left it in the bank continually, definitely it will get to a time your money will grow by a small percentage but with Bitcoin its very possible to double up and aswell go below invested capital.

OP only mentions that he is not able to buy the land he wants with the amount of money he has because the land price in the area where he will buy the land is very high and that is why he wants to invest the money to buy the land in bitcoins. The OP mentioned that he would invest all his money he would invest all the money he had saved in Bitcoin because if all the money was invested in Bitcoin then he would have to sell his investment in case of financial crisis later on. The investment will always be profitable but we can't say that because of the possibility of not having to sell the bitcoins later he is being advised like this. He may not have thought this way before making the above advice but if he reads our comments then surely he will think this way and it will be a good decision for him.

Yes with bitcoin earning we can buy land but if we sell land for buying bitcoin then i think its not a good idea because there is a Fluctuations in the worth of bitcoin but the price of land either remain same or increase as the time passess. We should also think about risk related to the earning mechanism as bitcoin can provide huge profit but there is also some risk with it whereas in buying land we don't have any risk issue.

Everyone will think differently but am agree with the success of bitcoin but for profit we have to wait for years after that we still have no guarantee that what will be outcomes of our investment. If there is extra part of land which is not used for the purpose of building a house then it can make a sense to sell land and buy bitcoin but if a person is on rent then selling of land does not suited well.

If you can buy bitcoin worth at least 0.5 btc or 1 btc, you can possibly buy land or a house. But without that amount, I don't think you can buy land. It's a given that Bitcoin can make a profit, but the question is: how many bitcoins can you save or buy right now? Or, in your estimate before the bull run, do you think you can save at least 0.5 BTC?

Because if we have a goal to buy land via Bitcoin, a large holdings amount of Bitcoin must also be accumulated, or you or we can buy it. Now, if we hesitate, we can alternatively choose to hold altcoins.

If only when you started saving the funds years back you had used it to DCA into Bitcoin, it will have been of great profit to you than it currently is. 5 years ago translates to 2018 and Bitcoin was still finding its path way to 69k. Considering the fact that the purcahse is DCA it will have made more sense to acquire it in bits and its still would have been profitable.

I appreciate the fact that you have sufficient knowledge about the technology even before investing into it, that gives you peace of mind even in troubeld waters and guarantees your hope for the future.

To some extent this is an excellent idea, but at least it is risky. The main thing in all this is to have iron restraint and wait for the right moment. After all, Bitcoin today costs 43 thousand, tomorrow it could cost several thousand less. And this should always be remembered, because risks always remain.

OP, never regret if you invest in Bitcoin, you found out today, that is the best moment for you to know earlier, try if you know about Bitcoin five or ten years in the future, be grateful you know now.

There are no words too late or early, if we want to invest, especially in Bitcoin, we are sure that Bitcoin continues to grow from year to year, as technology progresses and advances.

Maybe the motivation of the two people below will be the best motivation for you in the future regarding investing.
1. Topic: Farmer's Bitcoin Investment (https://bitcointalk.org/index.php?topic=5460291.0)
2. This 25-year-old says he's a millionaire after investing early in ether and bitcoin. (https://www.google.com/amp/s/www.cnbc.com/amp/2021/05/21/how-crypto-investor-bought-btc-eth-early-used-defi.html)

My understanding is that what you are doing, in my opinion, is the best decision for your future in terms of investment and your economy in the future, continue to do the best things for yourself in terms of investment, especially in Bitcoin.

If you already have land I think it would be better to use it in other terms of investment like opening it up for rental spaces and things like that than selling it just to use the money to invest in Bitcoin, cause having land here in my country is much more valuable than a 1 BTC. Bitcoin investment is actually good especially if you have already accumulated numbers of Bitcoin for years, but in the current value of Bitcoin in the market, I think it would be too pricey where the plan is to buy low and sell high. You could expect a return on investment maybe for years, or even profits cause we are not still sure how far Bitcoin will reach in the next few years. Personally, I would be proud to own land, it's like saying you have 1 Bitcoin in your hands.

Op you plan well. It is not all government workers will think the way you are thinking. Most of them are very much contented with the government work that they don't think of investing. They thought the government work salary is enough for them and they will be paid for their gratuities and retired pension money can take them to grave and they don't think of other wise. But if you are living in a rented apartment then I will advise you to buy the land and build your house and use 1% of the money to invest in Bitcoin instead of using all. I will not advise you to buy Bitcoin with all your money then live a rented house. It is not advisable to do that.

But all is your plan if you are okay with the renting house and prefer to buy Bitcoin and live in another person house for years then nobody will dispute that with you

The potential for high profit in Bitcoin investment is undeniable. While the timing for entry might be optimal, it's crucial to remember that it's an ever-evolving market. The halving might serve as a catalyst for growth, but future market fluctuations are inevitable.

While bank savings offer limited returns, they provide a safe haven for emergency funds. It's important to maintain a balance between maximizing potential gains and ensuring financial security.

Investing a portion of your emergency funds, while carrying potential risks, can offer a chance for significant returns. However, it's essential to ensure that your emergency needs are adequately covered before taking this step.

Generally, I would advise someone to do their research first and think more before taking such a decision, but since you know the pros and cons and understand the risks involved with this, I guess you are ready to take the decision. When we talk about security in investments, real estate is usually considered to be a safer investment option if compared with Bitcoin and the reason isn't unknown to you, it's the volatile nature of Bitcoin and cryptocurrencies.

However, real estate investments also require a person to have substantial knowledge about the industry and as you said you wouldn't be getting land at a good location, I believe you understand the market pretty well and in such a situation, one can always choose an alternative investment option as you did.

Because of the variable nature of Bitcoin and crypto currencies, selling real estate can be risky. But as you said, he probably thought about his pros and cons. Deciding can be difficult in such cases.

The value of the real estate or whether it is valuable in the future is an important issue. It is easy to decide after answering all these questions. One thing to remember is that the crypto market is always a risky market.

OP, you are going to make a very good decision. You will invest in Bitcoin with the money you bought the land. Since you know investing in bitcoins is risky, you seem to have a good knowledge of bitcoins. Even if you buy land now, you can earn a lot of profit in the future. If you invest in land, the risk is very low, it can be said that there is no risk at all, the price of land is increasing day by day and the price will increase even more in the future. When you are going to invest in Bitcoin you have to take some risk. High profits cannot be easily achieved without taking risks. Whatever you do, you have to take risks. Since you will be investing in Bitcoin, you must hold for a long time. You don't get greedy and sell bitcoins just after seeing a small bullrun. Finally, you will store your bitcoins in a good wallet and hold bitcoins for a long time.

Investing all in with bitcoin is not a good idea at all. Don't used up all your money so you can invest all in with bitcoin, that won't still guarantee huge profits in the end. The safest way to invest in bitcoin without the risk of losing too much is to just invest on the amount that you wouldn't mind losing. You can start investing either 5-10% from your total amount of money and once your capital shows progress, then you can start adjusting your size of position depending on the profits that you have gained previously.

Invest in bitcoin for long term and invest with indefinite time, that will guarantee maximum profits once you decide to sell. But always invest with high caution.

Risky as it is and you need to diversify someday when you get ahead of profit from Bitcoin.
Real estate is one option to get your money with after going on with Bitcoin.
And that's a plan of many of those who invested in Bitcoin because that plan is a common thing but people like OP, I applaud your decision for doing this.

Investment is all about risk and two things are involved via investment either you lose or you gain and on the process selling your land to purchase bitcoin for investment, it's either the investment of Bitcoin get increased within that period or depending the duration of your investment, so if you target and purchase bitcoin when dip I think your that will be directly waiting for a bullrun

So if a bullrun come to place and the investment is still intact you did not make any withdrawal for stomach infrastructure, theirs every tendency or higher possibility that you may use your profit you make to purchase a triple sized of that particular portion of land you sold.

Maybe most will support it because we will face the next halving, and this is the moment that many people or investors have been waiting for. And they shifted their money or shifted their investment to Bitcoin because of that moment and doubled their money when the halving happened, so OP's decision to change the plan to buy land to buy Bitcoin was a good choice.
Because in the long term or when halviang comes, OP will not only get the land he wants, but will also be able to build a house and its contents. And the risk of investing in Bitcoin if done at the right time in my opinion is only a small possibility of experiencing a loss, and the most important thing is that you buy and sell it again at the right time.

First, I’m glad to see that you are very much aware that Bitcoin price could go down, and you have taken full accountability and responsibility on that. Secondly, the bank is the worst place to put your money because they loan out the money you deposit to someone else, make a lot of money in its return, and give you peanuts in return. That’s why Bitcoin is better because if you make some money off hodling, you’re not getting a fraction of it but will actually get your complete money. The interest rates that occurs with Bitcoin over the year is not to be compared with what the bank has done in that same period of time. 

Hopefully OP will grow those 11,000$ through BTC investment into the sum of money he needs to purchase the piece of land he desires. I believe BTC still has a lot of potential to grow on the upcoming years, reaching close or even surpassing its previous ATH of 69,000$ in 2021. If this prediction is right, it means OP will be able to achieve more than 40% profit over his initial investment, what means 4400$.

And I really think I'm being humble on this guess, because every new halving Bitcoin has reached much superior price ranges when compared to previous cycles. It's not the perfect time to invest, due to BTC being already expensive, but it's still in time...

Agree! I consider bank as one of the worst place to put my money especially if I'm considering having a big investment return from the amount of money that I've deposited to them. Truly bank is safe to secure money but the thing here is how about the interest that we can generate from the money that we put to them? So It's better to invest your money to other way like buying bitcoin, invest in stocks, land and property. You just need to remember that bitcoin is volatile but It will surely give you huge profit after years of hodling it.

Depositing money in the bank is really not a wise idea if we are intending to increase our assets. But when it comes to finding a place to store emergency savings, banks aren't as bad as you say.

For me, I don't consider depositing money in the bank as an investment, it's more like a place to save money in the short term. If we talk about investment, bitcoin, stocks, real estate... are places for us to put money. But the higher the profit, the higher the risk, the investment will be risky...so it can be said that depositing money in a bank or investing in bitcoin will have its own advantages and disadvantages. Nothing is 100% perfect.

Are there any fees that the bank doesn't take or are they lower if we have a bank account?


I'm just a bridge to investment. If if I need to exchange my crypto assets into fiat. For other special savings, for example if you want to make a deposit, take a bank loan or something else.

  That's it. At least for the things that he thought were good, bitcoin became his hope so that he could still get the land he wanted to buy, so for now he just has to wait for a bull run to increase even more the value of bitcoin until it maybe reaches the price of the land he wants to get.

  And in that regard, I don't seem to see anything wrong with what he sees for Bitcoin and what he sees as helping him with the problem he is facing. It's also rare that people pull out their savings from the bank to allocate them or exchange them for Bitcoin. And this was no joke decision for me.

Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land.
But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin.

Bitcoin helps to make profit and it is a potential currency but it never guarantees profit to anyone in a certain period of time and because it is digital and decentralized still there are restrictions on Bitcoin in different countries so it is still very risky to use Bitcoin in different countries. Meanwhile, if the op is likely to face any problem investing in bitcoin, he can invest in land instead of investing in bitcoin, because bitcoin is never a guaranteed safe investment, as bitcoin has a record of crashing and profiting. But investing in land is much safer

Investing in land is safer than investing in bitcoin, but that doesn't mean real estate investing is risk-free. When investing in land, there are still unpredictable risks, no investment is risk-free. The important thing is each person's choice, if OP is willing to accept risks and challenges then he has absolutely the right and should invest in bitcoin instead of land. Since bitcoin's returns are so much greater than other investments, it's worth the trade-off.
I don't know if OP's country bans bitcoin but if he can invest in bitcoin then he should invest in bitcoin rather than land.

Investing in land is probably one of the best decisions that you will ever made to be honest. You know why? The land's value keeps appreciating overtime and it won't be saturated in many decades and centuries to come.

One of my close friends has invested in a 200 sq.m. land just near the city's airport which is a good location by the way while she's involved into Bitcoin and cryptocurrencies.

If my wallet was not hacked sometime last year, I would have used some of my spare funds to buy land at a good location. But it's not yet too late though as I am saving up and allocate some of it to buy my own land. 

Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold.

I always have this mindset of saving money in my bank account until my younger brother changed this mindset. Is a welcome development investing in Bitcoin and most importantly for a long time.

I believe you are now familiar with it and the market and that now is the best time to buy into it.

Wish you all the best as I can bet you will buy more than a land in the future.

It is true that investing in bitcoin is much riskier than land or gold, but the higher the risk, the higher the chance of profit. There will also be cases where investing in bitcoin will not be profitable even if we hold it for a long time. But the same can happen with land, because many pieces of land you hold for many years will not increase in value. Investing in land to make a profit also requires a combination of many factors, not just buying a piece of land and it will increase in price after a while.

The demand for land and gold has been around for thousands of years and they have always been considered safe investments, not just a demand that has increased in recent years. But the biggest problem is that investing in land requires a lot of money and not too many people can invest in it while with bitcoin we can invest with any amount of money we have.

  Welcome to making the best decision of your life, not only to purchase bitcoin, but to hold it for a long time and its very nice to note that you've other means of survival through your employment. This will enable you not to sell easily in time of need cos your salaries will be your backup. This is the best way to invest and I greatly applaud you for your thoughtfulness. One thing is certain, you'll get more money to buy buy lands where you wished after the bull run.

No time is late, my people says that whenever you wake up is your morning. You're still on time. If you start now, in the future some people will still wish they started when you started because of the gains you must've got then would be mind blowing. Don't forget to use non custodial wallets like electrum or sparrow to store your coins and keep your seed phrases safe offline.
Well done.

The price movement system also varies when talking about investing in buying land. If it is strategic, the price potential is definitely strong, but if it is on the outskirts or not strategic, it could take a long time. I prefer BTC even though it is very volatile and that is not a problem for me. If I have time, I will also invest some of my profits in these assets, investing in land and gold.

Another reason to invest in land for profit is that it will give you the confidence to hold long term because you never want to sell land for some money in an emergency moment because in this case you have to go through a lot of paperwork but if you want you can sell bitcoins in just 1 minute.  No hassles so don't hesitate to sell some bitcoins in your emergency moment.  This will disrupt your long term hold.  So if you are not interested in taking high risk then you should invest in land.

Once it comes to investment the investor itself has the final decision to make, if your decision is to invest such money in bitcoin then it is good but I will advice you to divide that money invest some of it in bitcoin and still acquires the land because both the land and Bitcoin is excellent both having both investment is splendid, when it comes to investment, you have split the money because putting all you have in one is not advisable, no one can dictate what will happen the next minute, bitcoin is very volatile, I thank God that you said you are ready to hold, I must say that's a good approach, this has convinced me that you know about bitcoin, but I will also continue to tell you that you should not put all your egg in one basket.

You have made a really good decision. If you buy a piece of land now, what is the maximum price increase over the next five years? But if you don't buy that land and invest the money of that land in Bitcoin, it will return you a huge profit in the next five years with which you can buy land easily. Although investing in cryptocurrency carries some risk, invest carefully.

All investments have risks, even though the risks are big and small, but the bottom line is they have risks. For me, there are other important factors why buying bitcoin is better than buying land or real estate as an investment tool. As investors purchased real estate, it became increasingly inaccessible to ordinary citizens as a basic need for shelter, both physically few people could afford downtown real estate, and financially it would result in a bubble, growing mortgage debt burden. Investing in bitcoin makes all owners of the bitcoin network richer and the growth of the price of bitcoin does not affect the cost of basic human needs such as food, water, energy, shelter.

If you do have that money then there's no need for you to choose since you could really be able to opt on having both things at the same time. It is really just that there are people who do really love on making some all in kind of decision on a single point and this is why they do make out those kind of options in terms of selections on which this is something that we would really be that having both if we are really just that serious on acquiring both things but somehow if we do speak about properties or real estate then it doesnt come cheap and this is why tons of people do miss out on making investment with properties but we cant really just deny
that when it comes to passive and appreciation then this kind of business is really that something much prefer but since not all does have that finances that could get in line with this kind of business target then
here comes crypto investment would be taking up place on which it does have that less amount to be dealt with but the profits or returns would be experience could be high but of course the risks is always there.

When it comes to investment then it would really be always depending or according into  your choice. Thing here is that you do make out those studies and consideration first before buying
or taking up your position on which one you would be choosing then this is something a must thing to be done first before having those finalization.

Investing is always a good choice to improve one's present life status, but if you invest in the wrong coins or wrong choice of investment, you will definitely suffer losses after. Hence, focus on bitcoin and stop regretting that you're never early because once you invest in bitcoin, that's the best decision and that's what only matters.

What you need now are concrete examples what bitcoin can do to its investors.  If you invest right now, you might be included in one of those concrete examples in the future.

I think it depends on the location of the land.  There are locations where land appreciation is very slow. It will take decades or more than that to see a good amount of profit in buying land since the appreciation of the land is dependent on the development of its environment.

While it is agreed that buying land is one of the better investments, the statistics show that in terms of profitability against time, the Bitcoin price history shows more potential in gaining much more value in a much shorter time.  So in this case, it can be considered that investing in Bitcoin is way more profitable than buying land.

Your investment outlook, especially in real estate versus bitcoin, is interesting but oversimplified. Why equate financial capability with the desire to diversify? Just why should we stick to what is commonly accepted? I disagree with this idea. Real estate is solid, but there are other ways to build money. Despite its potential, its high entrance barrier and lack of liquidity can make it unattractive. Crypto, the new child, disrupts investment norms! Yes, its volatile; yes, its risky. Isnt that where high rewards lie? I say take the chance, but be smart. Be cautious with crypto, but dont ignore its potential.

Change the story. Investment goes beyond "either-or". Finding the correct blend for your risk tolerance and financial goals is key. My advice? Explore, educate, and empower yourself to make educated decisions by breaking the traditional attitude

You have made a very good decision to invest in Bitcoin. But you said you have experience about Bitcoin ie you know about Bitcoin. You have been working at your regional land office for five years and during those five years you have accumulated some money that you intend to invest in bitcoins. Since you are looking to invest five years of your career savings in Bitcoin, it would be better for you to start from a working position. But even now you can feel free to invest in Bitcoin.

Bitcoin investments are never considered money laundering unless they exceed the money laundering amount.  Anyone can invest in bitcoin if his country has legality of bitcoin in that case he will be able to invest in bitcoin openly publicly but if his country does not have legality of bitcoin then he can invest in bitcoin also because using a non custodial wallet for bitcoin is untraceable for anyone.  It is not possible to know who owns that held wallet.  However, when you buy bitcoins via fiat, your identity is still at risk

he had been in the Government for 5 years so I believe that he already knew what he is entering , and besides the plans has been there with open mind and yes a better decision , it may be hard and risky but sure he know what are the consequences of His actions .
Bitcoin investment is also risky but we have more option now how to hide our funds from the government because it has been proven from other countries that has banning but still their people are holding crypto .

I think you have not understood the topic properly. This is not about money laundering or bitcoin legality or illegality, but the real issue is whether real estate is a better investment or bitcoin investment is more profitable. There are many countries where Bitcoin investment is not legal yet people invest in Bitcoin, but due to the lack of legal status, many problems are also faced, there is always a fear from the government that they can ban the exchanges at any time, thus their assets are always at risk.

 People who invest in Bitcoin are aware of all these risks, so they create safe ways to protect their Bitcoin. However, as far as investing goes, I would personally prefer to buy Bitcoin over Land, because I don't see Land as much profit as Bitcoin can give me in the next few years.

With $11,000 you can buy both assets. Here in my place $2,000 is enough if I wanted to buy a residential lot but only for investment purposes. We all know that prices of real estate appreciates drastically as time goes by. Just don't put all the eggs in one basket mate I mean it is good and wise to invest in Bitcoin but diversify your investment just my two cents.

Investing $11000 is a big deal, he can buy almost a lot of bitcoins with this money. OP said that after 5 years of his career, he wants to invest the money he has accumulated in Bitcoin ie he is now a retired Regional Land Office Officer. But if he wants, he can deposit land and even start a small business with a small amount from this 11 thousand dollars.
By doing this he also got land and even got a business and was able to invest in bitcoins. I think it would be better for the OP to decide this way. But his decision to invest is only his personal matter.

Leaving your cash in the bank is not profitable and the growth is minimal. You have a sound plan by investing in Bitcoin. You could have made a much larger profit now if you had made this choice a year ago. But bitcoin is keeping its uptrend pattern and its price will increase more. You can increase your profits by investing over the long term.

You can split the cash knowing the gamble of putting resources into Bitcoin and the likelihood it could go down. But do not quit your government position. Keep working to increase your savings so that you can invest more.

There are many ways Bitcoin has been tagged, and for the records, it can't exonerate itself from them all as guilty verdicts have been delivered on some of them over time. However, it is not Bitcoin itself that commits these crimes but the people using it, and this should not be the reason why someone would not want to use Bitcoin. Let the use of your Bitcoin be judged by your conscience whether good or bad but never should anyone think to the aspect that people are using Bitcoin for bad purposes and they will not use it for that reason, that is preposterous.

But let me correct you, it is a misconception that Bitcoin transactions are untraceable, in fact, better traceable than bank transactions, it's only that you might want to stay anonymous but anything could still be traced to you if care is not taken. That is why some people are going more private with their Bitcoin dealings, some will even use m!xers and blenders just for this purpose. I don't think it should get to that even if it is not allowed in any country. A simple use of a self-custody wallet, VPN and P2P should be able to solve the puzzle. But it is only nice and easy if the person is not under investigation.