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Author Topic: I will invest the money to buy the land in Bitcoin.  (Read 1146 times)
Z_MBFM
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December 29, 2023, 01:30:52 PM
 #161

But investing in land is much safer
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.
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

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December 29, 2023, 01:40:24 PM
 #162

I am a government servant, working in regional land office. 
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.
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 .

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December 29, 2023, 01:49:46 PM
 #163


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

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.
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December 29, 2023, 02:01:34 PM
 #164

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.



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Rainbot
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December 29, 2023, 02:27:00 PM
Merited by fillippone (1)
 #165

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.

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December 29, 2023, 03:11:46 PM
Merited by fillippone (1)
 #166

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.

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.

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December 29, 2023, 06:14:46 PM
 #167

But investing in land is much safer
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.
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
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.

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