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Author Topic: What have you got rid of to accumulate Bitcoin  (Read 537 times)
Jody.Drummer
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March 29, 2023, 11:43:24 PM
 #41

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 don't even give up valuable things to be here because from the start I always buy bitcoin with money which is the result of setting aside my needs and it really isn't really used for quite a long time and part of it is from monthly unexpected funds which are indeed it's not used either so I'm not giving up anything here other than that, moreover I don't feel it's something that has to be given up because I'm clear in this regard investing but it's a big risk. It doesn't mean that we will lose, but only that the worst possibility is that there are conditions where we have to let it go, even though from the beginning until now I haven't felt anything like this (Hopefully not).

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Ryu_Ar1
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March 29, 2023, 11:49:18 PM
 #42

Although in this case the final decision is in your hands, but with conditions like this I think it is a rash decision made.
Even though the big hope in 2024, especially the halving, is a good increase, no one can really assure one hundred percent that the conditions will go according to plan even though some previous history has always been the same when bitcoin halving.
The concept is not like that I think, we don't need to give up everything for Investment because we are also not gambling in this case so we cannot peg that xx year will be profitable when it is here and buy a lot.
Just buy as usual and as much as we can, no need to force the will that starts from desire because things like this sometimes won't go well.

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March 29, 2023, 11:57:22 PM
 #43

.....
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

Well, if selling my personal time is considered, then I would say that.

Participating in campaign signatures is the best thing that has ever happened to me ever since I joined this forum. Back in 2017, I was just a normal college student struggling to look for ways to earn additional income with convenience. As someone who also lives in a third-world country, the competition for jobs had never been harder due to lack of any initiatives from our government.

Now with campaign signatures, not only did it contribute in me finishing my degree (I was able to purchase several school materials by selling my BTCs weekly) but it also gave me the opportunity to aim for a higher goal- which is to HODL and sell it by the time I get older.

R


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isaac_clarke22
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March 30, 2023, 12:33:55 AM
 #44

~
Well being homeless is really hard ya know? Not sure what you mean by selling "some part of my land" as an emergency, but I would not use that amount to buy BTC. Here in my country, it is quite a stupid decision to make considering how life is really difficult in here.

I would just use some part of my savings to invest to Bitcoin since those are the amounts I can afford to lose anyway and it won't matter if it did not turned out good in my own end.
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March 30, 2023, 12:49:29 AM
 #45

Getting rid of properties is not a bad idea anyways but knowing what to invest with the proceeds of the sales is what matters. Bitcoin is not a bad  idea to invest in after sales of unwanted property standing as a liability to you. OP, the issue of selling a land is not  a bad idea but it depends on the situation at the moment of sales. For me, i do not see it as a bad idea but if it were to be me selling my land for bitcoin, it depends on the location of the land at first as these are the criteria i look into before buying a land.  As  we all know, land appreciates but not as fast as bitcoin and another to put into consideration is the ability of the profit when gotten from bitcoin after sales to replace that property being sold for the business. I always replace any property sold as a result of business investment so as that i now that i have something to hold unto when something of this nature comes up again.
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March 30, 2023, 01:08:25 AM
 #46

In my opinion, selling land to buy bitcoins is actually not a problem as long as we have very large land and only a small part of it is sold and the money is used to buy bitcoins.
but if for example our have only a little land, in my opinion, don't sell it because investing in bitcoin is of course very risky, so it's better to look for idle money, such as money from side jobs and so on.

my op has never sold anything of value to buy bitcoins. because for me in investing must be full of careful consideration.
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March 30, 2023, 01:30:27 AM
 #47

In my opinion, selling land to buy bitcoins is actually not a problem as long as we have very large land and only a small part of it is sold and the money is used to buy bitcoins.
but if for example our have only a little land, in my opinion, don't sell it because investing in bitcoin is of course very risky, so it's better to look for idle money, such as money from side jobs and so on.

my op has never sold anything of value to buy bitcoins. because for me in investing must be full of careful consideration.
You mean if that's the only plot of land you own you can not sell it right? Well, I have a few properties that I no longer needed which I sold to buy bitcoin too and the rest was used to cultivate my remaining land.

Selling properties as long as you didn't need them is also a good choice. Some may say that time will come when you really need it the most but nah for me specially here in our country it only adds unnecessary expense such as paying taxes and maintaining the land costs a lot rather than selling them. Besides as of now I didn't have a child who will inherit those lands, maybe some time in the future my mind will change and use the profit I earned from cultivating the land into a small business that could become something my children will inherit. Who knows.
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March 30, 2023, 02:50:03 AM
 #48


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

Everyone's investment perspective is different. Selling land to buy bitcoin I don't support because it's too risky for me, but if you feel it's worth the trade-off, you can. So as long as you're investing money that you can lose and you're willing to take the risk if that happens, then you can sell anything and invest wherever you see a return. Like borrowing money to invest, it's too risky and not advisable, but if you can take the risk, you can try it.

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March 30, 2023, 03:11:23 AM
 #49

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 have never sold anything to invest in bitcoin, nor have my other investments. because in my opinion doing all of that is very risky, selling property and so on to invest in bitcoin in my opinion is not the path I choose, especially if I have to sell land assets.
you say a year later you will get more land by buying from the sale of bitcoins. indeed it could be, if all goes well, what if there are no more people selling land. because land prices also increase every year, because people are getting denser, especially in areas with high economic levels, land prices are getting higher.

even I am the opposite of you, I invest in bitcoin really want to buy a lot of assets such as land, apartments, livestock and want to build a business.
but everyone has their own steps that are best for their nets. you with your investment like that can still be said to be quite good, because what is important is not the result of borrowing from the bank.

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March 30, 2023, 03:15:19 AM
 #50

I think in modern times like now investing in bitcoin is something we have to do because so we don't get left behind and also so that our business can progress,

but in buying bitcoin, of course we have to use the right money so that if one day we lose the money we won't regret it.

but of course in this case everyone's opinion is different. and indeed in business you also need the courage to take risks, and in my opinion if we are brave it can also be like selling land or so on, to buy bitcoins, provided that we must be prepared to lose.

but if I have never sold anything of value such as land and so on, because in my opinion land can be used as a long term investment. and I'm sure the price of land in the future the price will be high. I even once bought land from the sale of bitcoin and I will make it a long-term investment.

but in this case everyone's thinking towards success is of course different.
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March 30, 2023, 03:21:57 AM
 #51

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?
Well, if you see Bitcoin as more profitable than your land, I don't see anything wrong with your decision as long as you know the risk for doing so. However, isn't it good to have more investment? Because if one fails, we still have other investments to count on.

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.
I have not sold anything yet to buy Bitcoin. Because my way to accumulate is through my earnings. I just take advantage the price when there's a huge decrease to buy more.

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March 30, 2023, 06:45:49 AM
 #52

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?
Investment is not something you called "emergency". Are you ready to lose your assets if you can't reach your expectation? Have you thought about that? I'd assume you know all the risks even before making this post.
I'd rather use other affordable money where pretty much if you manage to do it, you can buy another lands instead of selling your assets just to buy another assets like you did now.

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.
I haven't sold anything, if you think time counts then I sold my time for Bitcoin. Started to know about Bitcoin from 0 on faucets.

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March 30, 2023, 08:10:28 AM
 #53

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.
I don't have land or properties I can sell for Bitcoin, but I have seen millionaires selling off their cars to buy some Bitcoin and I don't see anything bad in this, also we don't know how many lands OP has, if he is selling some part for Bitcoin it's not bad, I can't imagine selling my properties to acquire Bitcoin but if I have a lot of properties then I may be able to consider doing the same.

Land investment also takes time to yield, way longer than if you buy bitcoin and hold for a few years and the returns will also be greater than if you sell the land years later, assuming buying 1BTC for 28,000$ today and selling over 100k in 2025, this price target is very possible, isn't it?.

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retreat
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March 30, 2023, 08:19:40 AM
 #54

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 am not very brave like that to sell my land or property to buy Bitcoin, because even though I also believe that this year the price of BTC will increase I prefer to buy it using the money I get from my salary and other investment returns. Even though some people say that sometimes we have to take risks for something big, but I'm not that brave and choose to play it safe, because after all I still stick to the words "invest in something with what you can lose" , and to be honest I am not willing to lose the property or land that I have now to invest in Bitcoin.

R


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March 30, 2023, 08:29:50 AM
 #55

I've not yet sold anything yet for BTC, I am admittedly a bit of a hoarder. However after reading this thread and giving it a closer think, maybe it's time to de-clutter and convert the stagnant items that have value into Bitcoin.

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?

It's not a bad idea. Just do it responsibly as you have suggested, being selling a part of the land instead of the entire thing. Diversify into gold, silver and Bitcoin. You can't really go wrong. It's only a stupid decision if Bitcoin's long-term rise is in doubt. I think at this point it is far from a guess that involves doubt or an "if it will grow" kind of scenario, rather a matter of "when". I agree with you that 2024 is the year! Maybe sooner if banks continue to topple...

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?
Investment is not something you called "emergency". Are you ready to lose your assets if you can't reach your expectation? Have you thought about that? I'd assume you know all the risks even before making this post.
I'd rather use other affordable money where pretty much if you manage to do it, you can buy another lands instead of selling your assets just to buy another assets like you did now.

If you doubt Bitcoin in the mid-long term then you are right in what you are saying. As already said though, I think it's well past the point where we are still wondering if Bitcoin is going to succeed in the long run.

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March 30, 2023, 08:43:45 AM
 #56

selling some part of my land is an emergency for me to grab some more Bitcoin,

Selling your land to buy Bitcoin? Nah!!! I don't think I'll ever do that, currently I'm even planning on acquiring more lands in areas that haven't been developed. You know when you purchase land in underdeveloped communities they sell for very cheap amount and after sometime when development starts you can resell for a higher amount and I have been doing that for some time now.
You can just rely on Bitcoin alone as your only source of income or the only investment that you have, you have to look for other means to increase your wealth, if it's a different investment I might consider selling my land to invest in it but if it's Bitcoin no I'm not going to do.

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March 30, 2023, 08:52:28 AM
 #57

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
Well, you said "some" and not all, so I consider it a way for you to "diversify" your assets.

For me, it all depends on when did you made that decision. If you made that thing during the peak of cryptocurrency when Bitcoin is at ~$65,000 then I would say that it would be a stupid decision because you bought Bitcoin at it's peak. However, you did it when Bitcoin is near at it's bottom (yes I consider it near the bottom still even though we've seen huge increases already from it's past bottom of ~$17,000), so I guess it's a not-so-brilliant one, but still not a stupid decision either. Maybe a good decision I guess. Some might say "Why did you sell your land for Bitcoin?" or "You just made a wrong decision because of the risk that you might face."

I think that you made that decision because you believe in 4-year cycles, and with that, we're the same. If only I had some lands in the past, I think I might do the same as well. If only I have some properties or some real estate that I'm holding, I might sell some, and buy some Bitcoins. Now with regards to what I sold this year to buy Bitcoin, I didn't sold any, and when I mean I didn't sold, I mean I didn't sell other important things to me just to buy Bitcoin. I used my monthly salary to buy it. I always keep a quarter of my monthly savings to do dollar-cost averaging.

Like I said, some might disagree with what the OP did, but it's his land, and it's his money so I guess he knew the risks that he might face when he made the decision.

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March 30, 2023, 09:01:02 AM
 #58

~
Well being homeless is really hard ya know? Not sure what you mean by selling "some part of my land" as an emergency, but I would not use that amount to buy BTC. Here in my country, it is quite a stupid decision to make considering how life is really difficult in here.

I would just use some part of my savings to invest to Bitcoin since those are the amounts I can afford to lose anyway and it won't matter if it did not turned out good in my own end.

While bitcoin's upside potential is huge, we don't know anything about the future, so selling land to buy bitcoin is really too risky, and we cannot support OP with this decision. No one knows when bitcoin will increase in price, and land can also spike in price and also become harder to buy back.

Last year, real estate prices in my area increased dozens of times, something that has never happened with traditional real estate, surprising everyone. Now, it's harder than ever to buy a home and real estate in my area.

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March 30, 2023, 10:58:48 AM
 #59

Some people said that selling off your properties for any reason sake is bad unless its an emergency,

Tell that to Didi Taihuttu. Wink - https://www.instagram.com/diditaihuttu/ or https://diditaihuttu.com/

He sold all his property to buy bitcoin. Despite the fact that he has a family and children.


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 think you should trust your feelings when it comes to money and investments. Rather, one should trust the voice of reason and facts here.

Will 2023 or 2024 be an incredible year for BTC-investors? It will be possible to say only after this. Now it's like taking a leap into the unknown. If you are lucky, you will be able to increase the area of ​​your lands, if not, then you will lose what you have (if you are subjected to fear and panic). It may turn out that bitcoin's ATH will be a little later and you will have to wait a bit.

Whether your decision turns out to be stupid or brilliant, we will only know after the fact.


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
Personally, I didn't sell anything for the sake of buying btc. If we talk about material things.

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..BUY/ SELL CRYPTO..
ElmedoRator
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March 30, 2023, 11:22:51 AM
 #60

I find that the problem is like this, even though I did not want to, I also had to sell my investments at a low price because of the problems around my life, looking back on myself I see mistakes in the initial capital process and not completely control the unexpected risks.
But things do get better with time and I don't think we need to be so perfect about anything in life, everything changes in its own way and neither does investing. You need to be hard on yourself with mistakes. Accumulate what we feel is reasonable with our ability.

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