With Bitcoin, a future is not clear

[Artemis3]

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

This is as stupid as it can be. Never ever invest something which you cannot afford to lose, only then you will be able to make cold, informed decisions.

The price of bitcoin might increase to 20k next year, or it could be in 5 years. Can you afford the wait? if you don't, you lose.

What if it reaches 12k~15k instead? Are you going to cash out?


If you have a different source of income, and can literally forget about these 4 BTC and look at them in 10 years or so, then you are good. Else, you are in trouble.

Never invest what you cannot afford to lose...

Never get in debt for these things either, its not worth it.

[Mesmi]

It sounds me like an Anxiety on gaining profits through greed. We can take a step like this only considered when we have a security for our future including our dependents ie., family. It is still a green flag however do teach the transaction details to your spouse and guide them where they can have a secured assurance.

[Golftech]

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

I appreciate your actions because not everyone dares to make decisions like that. Bitcoin value growth nobody knows exactly. But the possibilities are endless. It could also go down to $ 4,000. If that happens, I hope you will continue to HODL.

The volatile market is tough to predict if you take this actions its needs  being supported by long patience and trust to this industry, by trusting your investment only means that you have a good anticipations and you are more than willing to take the risk to follow the market. Though there's no clear
assurance that the value will bounced back and provided decent profits.



Keep in mind that sideways is the hindrances to fulfill your dream success, overcoming everything and extending your patience is a must.

[Irvinn]

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

I appreciate your actions because not everyone dares to make decisions like that. Bitcoin value growth nobody knows exactly. But the possibilities are endless. It could also go down to $ 4,000. If that happens, I hope you will continue to HODL.

The volatile market is tough to predict if you take this actions its needs  being supported by long patience and trust to this industry, by trusting your investment only means that you have a good anticipations and you are more than willing to take the risk to follow the market. Though there's no clear
assurance that the value will bounced back and provided decent profits.



Keep in mind that sideways is the hindrances to fulfill your dream success, overcoming everything and extending your patience is a must.

If we consider Bitcoin only as a means of investment and earnings due to volatility, then for the entire period of the existence of Bitcoin, this coin will lose its relevance, since its value will fall sooner or later.  The main interest of investors in Bitcoin should be not only in the possibility of using Bitcoin as a means of payment, but also in the ability to carry out safe and fast transfers of large amounts of funds using Bitcoin.  And if this opportunity will be implemented in the coming years, then definitely Bitcoin will increase in price by tens or maybe hundreds of times.  But today, the main problem is scaling to implement all these plans.  Although experts say that scaling can be a problem if you want to buy a cup of coffee in a store and spend only a couple of minutes on it, but to transfer large amounts of funds it will take no more time than in a regular bank transfer.

[Renampun]

snip~

Why don't you wait for the bearish market? In my opinion you overpaid for Bitcoin, you can get about 7 Bitcoins for the same amount in winter instead of 4. By the way, how do you store coins? On a hardware wallet or in another way?

the problem is, we don't know when the bearish market will recur,
so, the plan to wait until the price of Bitcoin bearish is not good.

People who sell their only real estate for the purpose of investing in Bitcoin are real adventurers. But it is their choice, if the cost increases significantly, they will be happy, but if Bitcoin falls in price, this will become a problem for them. I wish them the first version of the outcome of the event.

what the OP thinks is really brave,
if the OP isn't married, I think it's worth a try,
but if the OP is married then what the OP thinking is too risky.

[pinkpanther03]

After researching the news sources, I decided to pledge my land and houses worth $ 40000. I use it to buy 4 Bitcoin
I will rent a small apartment with my family
I'm happy now
I believe that the BTC will increase to $ 20k next year.

What a strong belief you have, you have the guts to do it. I wish you good luck for what you did.
Though, no one knows what bitcoin in the future could be. But majority of the fanatic had the same belief like
yours that in the near future it will bounce the price in the market. But 20k$ is much realistic to be happen before
end of this year, although that market was unpredictable.

[hermawan9416]

Because bitcoin is too slow to develop and may not be able to survive until its full adoption, as by that time, someone can create a more promising currency

[George_Akoni]

For me, yes it is. We cannot really rely our future for only just in Bitcoin. We all know how unstable Bitcoin really is. But if you think deeply, there is nothing to be sure of. Because for me, I do always believe that there is no permanent in this world except change. So everyone or anything's future is not clear. What we can do is keep on struggling, just like here in the crypto currency community.