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Author Topic: What have you got rid of to accumulate Bitcoin  (Read 589 times)
Frankolala
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March 29, 2023, 06:43:37 PM
 #21

This is a risky move that you did,because you have 100% confidence that bitcoin price will hit the bull market after its halving next year. Anyway,i guess the land is not in a good location and it isn't something big. After the bull run you can buy a bigger land at a better location which makes sense to me.

I don't have any property that I can sell,all I want to do is to start acquiring some property now. I have been accumulating my bitcoin that is paid to me in my signature campaign because I believe that if I keep on accumulating it till 2025,I will have a good amount of bitcoin to sell.

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March 29, 2023, 07:09:17 PM
 #22

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?
Bitcoin is an asset and likewise a piece of land, of which both has great potential to double in value in the future, so for me I will rather sell my car to buy Bitcoin than sell my land to buy Bitcoin. But thou it's certain that in 2024 which is the year for the next halving and it has been speculated that the price of Bitcoin will skyrocket so high creating room for another All Time High which is quite not far anymore.
So for me, the first thing I got rid off was using the money meant for my house rent to buy Bitcoin back then in 2020

 
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March 29, 2023, 07:25:31 PM
 #23

As we all know, land is a fixed assets whose value can not depreciation in couple years. the value of land increases as development takes place with time.

people who rent out their land, will earn more value over a couple of years without thinking about fluctuation or decrease in the cost. but selling out your land to buy Bitcoin doesn't really sound as a good idea.

you could as well rent out your land and use your yearly returns, or rent to purchase BTC and with time you will hold more than enough BITCOINS.

Price of Bitcoin, is unstable and can fluctuates unexpectedly. We cannot tell about the future or assume that 2024, btc will give a high return. so be wise, why making some  decisions that may affect you financially.

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deathcode
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March 29, 2023, 07:28:06 PM
 #24

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

I don't know I can't judge or assess other people's decisions whether it's a stupid decision or a brilliant decision.
But I think it's fine to sell some of your land, a good move in my opinion as long as you are not greedy to sell all your land or your property to invest in Bitcoin.
Because in my opinion land assets will actually be very useful someday whether I will rent it out or for build a business, a house for my children or maybe I will just pass it on to my children.
If you want to take advantage of the opportunities that exist by selling part of your land, that's your right and everyone will definitely take their own risks to try to take advantage of opportunities to get multiple profits from Bitocin.
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March 29, 2023, 07:42:26 PM
 #25

I don't sell anything to invest in bitcoins, but some people may have. I try to save expenses and collect as much bitcoins as I can for cheap, much more recommended than selling your assets to invest.

Consider that the price of bitcoin will fluctuate forever, so you really need to be able to invest an amount you can afford to lose. This means you shouldn't force yourself to invest by selling any asset as long as you can save some of your salary for doing so. You can, but if you can accept the risk.

 
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March 29, 2023, 07:51:40 PM
 #26

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk

When I think about this, in my opinion it depends on the strategy and risk management used in investing in bitcoin, basically we all here believe that bitcoin will always form new highs in each cycle, but indeed in this case some people treat bitcoins differently in different ways.
what is clear is that a strategy like this is intended for a very long term and already has financial stability apart from investing in bitcoin, because basically if you don't have that stability it will have the potential to disrupt funds invested in bitcoin, because it can be dragged away due to basic needs or other urgently, of course, losses will be obtained if the bitcoins that are owned are priced down from the price we previously bought so that we are forced to liquidate at loss prices, and I think that is why some people project the way they invest in bitcoins.
especially when talking about land which has a fairly stable price in terms of increasing even though it is relatively small every year.

Me too, I'd better use a safe search strategy like doing a DCA strategy that uses the money from a portion of my income.
Doing what you do It's quite risky, especially if financially still not stable, except for the property that we sell to invest in bitcoin, the property is useless or just a waste of money to maintain it.

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March 29, 2023, 08:42:16 PM
 #27

not to sell existing property or investment for BTC, because I have applied the investment that I have to my child in the future
if I want to invest in btc, I just have to follow the events in this forum patiently, in time I will get what I want, right?

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March 29, 2023, 09:01:08 PM
 #28

When it comes to cryptocurrency, it's important to approach it with a logical mindset rather than being driven by emotions. As a highly volatile asset, Bitcoin can be a risky investment, and it's essential to be mindful of how you acquire it.

Personally, I prefer not to risk any of my other assets to buy Bitcoin. Instead, I suggest purchasing it from your savings or earning it through various means. This way, you can safeguard your hard-earned assets while still gaining exposure to the potential upside of Bitcoin.

It's difficult to predict the future of Bitcoin and other cryptocurrencies, and it's always possible that we may need to wait for an extended period to see any significant returns. Additionally, there's no guarantee that our daily income will remain stable or even increase, which is another reason to be cautious when investing in such assets.

By keeping our other assets separate from Bitcoin, we can ensure that we have a backup plan in case of any financial crises. This way, we won't be forced to sell our Bitcoin prematurely and can hold onto it for as long as we need to see a profitable return.

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March 29, 2023, 09:09:10 PM
 #29

What are you doing to get yours? Let's talk

I have some funds of altcoin from previous accumulation.  So I think I will be dumping them to accumulate Bitcoin in preparation for the upcoming bull run.  I don't dare to sell my tangible asset since I have some other way to buy Bitcoin.  For me, these tangible assets such as gold and real estate property are as precious as Bitcoin.  They tend to increase in price as time pass by.  Besides, it is always best to have our eggs in different baskets so I come to a decision to not touch tangible assets in exchange for Bitcoin but rather sell the same kind of asset (cryptocurrency) that is less liquid and more vulnerable to dumping and crash.
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March 29, 2023, 09:11:50 PM
 #30

It's not a stupid idea if you know what you're doing. People only tend to do stupid things when they jump on it buying bitcoin without any idea how volatile it is.

I've sold a bunch of altcoins for buying bitcoin and it tends out a few of those altcoins pumped more than bitcoin but there's no regret. The plan is to stick around and have more bitcoin as much as possible as I can.

Just stick to your plan and don't listen to your surroundings if they're only telling you negative things and discouraging you what you are up to.

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March 29, 2023, 09:13:14 PM
 #31

I haven't sold anything to get more Bitcoin, but I have been hustling hard by budgeting and cutting back on unnecessary expenses. I have also been putting in extra work hours and taking on side gigs to earn more cash to invest in Bitcoin. I see Bitcoin as just one part of my overall investment strategy. While Bitcoin can be a great investment, it is still a relatively new and volatile asset. I think it is always wise to spread your risk across multiple investments.

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March 29, 2023, 09:23:17 PM
 #32

Some people think it is wrong to sell real estate unless it is an emergency. For me, selling part of my land is an emergency so I can get more Bitcoins. I believe 2023 will be an amazing year for Bitcoin investors. I plan to get more land in 2024 or when Bitcoin hits a new ATH. What do you think? Is it a stupid or brilliant decision? Share your stories. What steps are you taking to get more Bitcoins? Let's talk about it.




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March 29, 2023, 09:36:50 PM
 #33

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk
No one really knows your circumstances better than yourself, if you think this is a move you can afford to do then do it, however you still need to be incredibly careful, holding bitcoin can be very easy when the capital  you are holding as an investment is on the low side, however selling a piece of real estate and then invest some or all of that money on the market can bring you a lot of headaches, as now every time the price goes down you will become very worried about the performance of your investment, and while I think you will do well, this will only become true if you can hold your coins until the bull market comes.
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March 29, 2023, 09:41:13 PM
 #34

I can not sell my land because of bitcoin. The land will also appreciate in price and value as the area it is located is getting developed.

What are you doing to get yours? Let's talk
The only way I get bitcoin is the bitcoin I receive on this forum weekly and I think that is enough for me for now.
If you want to invest and play it safely, you will not invest using other assets or properties because that will bring a lot of risk. Instead, invest on your spare money or invest using your profits from signature campaign or trading. That way, if your investment does not work in the future, you will still own those properties you wish to invest, but if you also succeed and prosper from your investment, that will give you additional profits aside from the future profits you will gain from your assets or properties.

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March 29, 2023, 09:45:07 PM
 #35

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk
Your idea might be good but it won’t work for me. I still prefer to invest using a portion of my savings from my hard-earned money rather than selling my property just to invest. If I lose, then I will just save again and then invest. Unlike if you sell a portion of your land, if you lose as losing is quite inevitable from investing, then you will never regain that portion of land you have sold. Although I still see this as individual’s preference m, but I believe most of us here won’t agree selling a portion of property just to finance a risky investment.

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March 29, 2023, 10:24:45 PM
 #36

My 'wants 'and I only kept my 'Needs', in order to have save money and invest to this industry. Also I am now putting more time in order to focus with market price charts and crypto related news for me to be updated. These things are nothing much to others but for me, these efforts are important especially if you want something to happen. There will be just times that you'd sacrifice some of the things for a more important things that would benefit you in a long run.
Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk
Your idea might be good but it won’t work for me. I still prefer to invest using a portion of my savings from my hard-earned money rather than selling my property just to invest. If I lose, then I will just save again and then invest. Unlike if you sell a portion of your land, if you lose as losing is quite inevitable from investing, then you will never regain that portion of land you have sold. Although I still see this as individual’s preference m, but I believe most of us here won’t agree selling a portion of property just to finance a risky investment.
As long as he's fine with the tendency of losing that amount, no matter where it came from; whether from personal savings or properties, that is just fine. The only problem to some is just they are making investments a gamble. They are 'betting' what they have and expect that its value would be assured to double but that's not how this investment works. No assurance of anything because the market itself is way too unpredictable.

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March 29, 2023, 10:33:35 PM
 #37

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk
When it comes on selling out possessions then i could say that im not really doing that much but rather im doing the opposite on which out of my crypto profits, i did able to buy up something.I do make out some

accumulation of Bitcoin out of my online jobs which is paying through bitcoin and its including signature campaigns and at the same time im a freelancer who do really accepts and get paid by crypto.

This is why accumulation wont really be that much of a problem but of course the earning i do have is only less thats why its not really that fast but still it is better rather than on having
none at all.We do have our own ways and yours isnt really that an bad idea either.

R


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March 29, 2023, 10:34:16 PM
 #38

I have equal treatment for my land assets and properties and bitcoin holdings so, I can't let go of my land just to buy bitcoin.

At least, I am not yet on that part since I don't have to sell it if I want to buy bitcoin as I've got some cash left ready to be spent if I need to buy massively.

And that cash is coming from my passive income like that's coming from those lands and that's why I cannot just let it go if it's stably giving me some cash even if I want to buy bitcoin.

So, I just have to collect and save from those incomes for me to buy bitcoin and just DCA it regardless of the market situation.

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March 29, 2023, 10:45:24 PM
 #39

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk

I think it's a great idea to sell lands to buy bitcoin, I mean, while more we invest then more we win, that's the right way to make a ton of money. But on another hand, I take a look at the markets and have mixed feelings... Are we late for the party? I mean, bitcoin was at $16,500 at the start of the year and already hit $28,400. The ones who believe in the coins already made close to 90% profit this year. And I don't know if it will go up or down from now. The market is in a complex situation right now.

So, I think is a wise move to invest in bitcoin now, but it would be better to invest in the start of the year.

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March 29, 2023, 10:45:35 PM
 #40

Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?

Also share me what you have sold this year to buy some Bitcoin, we will still be here in 2025 and I can't wait to share my incredible success story on the forum, Bitcoin loading, 100% acquired.

What are you doing to get yours? Let's talk

I think it's a great idea to sell lands to buy bitcoin, I mean, while more we invest then more we win, that's the right way to make a ton of money. But on another hand, I take a look at the markets and have mixed feelings... Are we late for the party? I mean, bitcoin was at $16,500 at the start of the year and already hit $28,400. The ones who believe in the coins already made close to 90% profit this year. And I don't know if it will go up or down from now. The market is in a complex situation right now.

So, I think is a wise move to invest in bitcoin now, but it would be better to invest at the start of the year.

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