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Author Topic: Do you think it's still wrong selling properties for Bitcoin?  (Read 761 times)
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June 23, 2023, 11:06:28 AM
 #1

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

.
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June 23, 2023, 11:25:39 AM
 #2

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

Obviously it's a wrong decision if anyone have one or two lands and he sell it to invest in Bitcoin. In this forum I have seen many people are investing in Bitcoin by selling Lands, jewelries, by taking bank loans .
Always we have to remember that Bitcoin can't ensure you a safe investment every time. Because of its volatility it can go more down and if you invest your rest of all assets you may lose your hard earned funds.
Always we should invest in Bitcoin how much we can afford to lose. But if you don't take risk you will not win. That doesn't mean that you invest all your assets in Bitcoin. Bitcoin is still a good investment as it's now much cheaper than it's ATH. So we should make some analysis and invest a decent amount that we can afford to lose.
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June 23, 2023, 11:31:23 AM
 #3

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
If you don't know enough about Bitcoin and are rushing to sell your assets merely to invest in Bitcoin, you're making the wrong decision since you're being dominated by your emotions. In my perspective, there is nothing wrong with selling properties, especially if you have a large number of them left. If you have proper knowledge and a plan, investing in cryptocurrency is a good move.
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June 23, 2023, 11:35:50 AM
 #4

Do you think I went too far selling something as valuable as lands?
there is nothing wrong when your momentum and analysis is right to sell your property and buy Bitcoin at the right time. in fact you also benefit from your courage to take risks.
I've also done something almost the same. because I also invest in Gold. and when the moment of Bitcoin decline in the past, I speculated to sell the Gold that I have and buy Bitcoin. I was worried because the Bitcoin moment was moving flat for quite a long time. but all the patience paid off completely with profits.



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June 23, 2023, 11:44:49 AM
 #5

I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.

Out of the money I am seeing weekly, I can buy bitcoin using DCA, or can save the money weekly and keep it until bitcoin fall to certain price and buy. I use money to buy bitcoin directly, I mean from my salary, but my properties not what I can sell.

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June 23, 2023, 11:48:31 AM
 #6

It's not that wrong depends on your wealth because some other people do these things even though they don't have anything except the properties they sold to buy bitcoins. Others have multiple properties and multiple sources of income as well. With this kind of scenario, it is recommended to sell properties that are not making money for them and convert them to bitcoins, which will increase their price in the future. If I had such a choice that I could sell some of my properties to buy bitcoins, I would have done it, but I'm not rich and only can afford a small number of bitcoins after I buy everything I need from my salary.

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June 23, 2023, 11:59:39 AM
 #7

very few people are willing to sell their property to be able to invest in Bitcoin because it is quite risky that the investment they make may fail because the price of Bitcoin tends to be unstable. but if successful they can hit the jackpot where it can change their life, just like you experienced.

I personally have sold my assets several times to be able to reinvest in bitcoin. several times I experienced failure, but several times I got profits which could cover previous losses and provide more profit. so don't doubt that investing in Bitcoin with the money you get from selling your personal assets will not bring you profit, the point is to be patient and hold on until you make a profit.



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June 23, 2023, 12:05:39 PM
 #8

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Could be that you went far because there goes the what if but the bottom line here is whoever does this thing should carefully think of it before doing so. While you're in at good situation where you've got vast land. Some probably also did this but that's their very land and there's no other back up that they can source out if ever something goes wrong with this decision. IMO, there's nothing wrong into selling or properties or lands or anything you possess as long as you know what you are doing.

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June 23, 2023, 12:05:52 PM
Merited by Godday (1)
 #9

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
The work you are doing does look quite interesting even though you have played with a risk that may be quite high in this case, but you have found the victory by getting a profit that is almost double the price of the land you sold last year. But I personally still don't dare to do something like this because on the one hand I don't have more land to sell in order to make a bigger investment in Bitcoin. But for those who want to try this kind of thing, of course it's good enough if they have more unused or abandoned land.

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I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
I also believe that Bitcoin can provide faster growth to those who have bought it cheaply, and that is regardless of what assets they have sacrificed to fulfill their investment in Bitcoin. But as you said it is true that if someone doesn't have more land in their life, it is better not to try to do this kind of thing because the risk is too great if they are not lucky enough to get the return as before. And in this case you have really benefited from the investment you made.

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I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
You don't go too far for the investment that you have done, because you only sell part of the land to get Bitcoin at a price that you think is very cheap at that time. So what you did was really not wrong because on the other hand you still have more land for you to use and you live there. But I still don't dare to take this kind of risk, especially after seeing Bitcoin which is already at $30K as it is now. And congratulations on achieving this extraordinary profit from Bitcoin in a time that may not be that long for you.
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June 23, 2023, 12:13:03 PM
 #10

Land is an asset and bitcoin is an asset. Bitcoin price increase time to time and also land price increase time to time. People sell land to change their life to good. Selling not land to buy bitcoin is an another dimension of business. But since you said you more lands then it is not bad to do if not I advise you to use the money to build a bungalow and rent it out and use the rent money to buy bitcoin with that you doing two business at the same time. And you can use the rent to buy bitcoin every year when the rent has been paid.
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June 23, 2023, 12:13:41 PM
 #11

Honestly, I'm not a fan of taking risks to bet my life on assets, everything I've invested in btc and the crypto market so far has been a source of residual funds, so when profit I am also very excited and more comfortable. Witnessing some of my friends around me who had to borrow and invest in mortgages and then default, I really feel sorry for them when they got caught up in the greedy spiral of money, we all The thought of wanting a lot of money and just hearing about any opportunities from people we trust, that's actually the root of the problem. When you really don't understand what it is, do research first, and I think we adults should be more responsible with life about the behavior we choose to give, always think carefully before giving it decide what to do.
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June 23, 2023, 12:17:37 PM
 #12

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.


One feels very happy once a decision goes their way and the other way when it doesn’t. Both the land and bitcoin when hold are good long term investments although bitcoin has potential to grow more in profit in a shorter period than land it is still a risky investment.

Although you have multiple land but I would prefer holding on to land because this is an asset I wouldn’t be comfortable to lose, and the first rule of investing into bitcoin is using money that one can afford to lose. More over land doesn’t have any risk of losing compare to bitcoin.

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June 23, 2023, 12:31:07 PM
 #13

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
Wrong or right about your decision, I think it depends on the situation of the land you have, if the land has the potential to become a sustainable business area, I think it's better than selling.

Seeing your situation that has a lot of land, certainly not a problem you sell it and then invest in bitcoin, but if there are people who have only a piece of land, and he lives on the land, I think selling it to invest in bitcoin is a stupid action, though Indeed, I realize Bitcoin has the potential for profit, but if you sacrifice assets for your life it is an action that I mentioned before.

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June 23, 2023, 12:31:41 PM
 #14

I don't think it is worth selling properties to buy Bitcoin. I mean, if you have a guitar you don't play or PS4, and you sell it to buy Bitcoin - it's okay. But if you're selling your house or a car that you use - you are either really brave or and idiot. Or both.
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June 23, 2023, 12:41:06 PM
 #15

Shouldn't sell any assets and buy bitcoins, we know double profit can be made from bitcoins, but for that we sell our land or houses for bitcoins it would not be reasonable.If one has a lot of money in his bank account then he can invest in Bitcoin.  Because twice the amount of money that the bank gives is possible from Bitcoin.Maybe you have made a good amount of profit by selling the land and investing in bitcoins but what is the guarantee that you will get a good profit by selling the land again later.  Since Bitcoin is a risky investment, there is no guarantee that Bitcoin will double your profits every time, losses can also occur.We shouldn't be greedy and sell any assets to buy bitcoins, so those with residual sources of funds have no problem taking bitcoin risks.

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June 23, 2023, 01:06:50 PM
 #16

I was in the same position a few years back, when I sold assets to buy bitcoins. I bought my first bitcoins when the price was $400+ and I sold some of them when the Bitcoin price was $40 000+ (100 times more than what I paid for it)

The people who criticized me, started to ask me how to buy bitcoins when it reached a All-time-High price and then panicked when the price dropped 100% and more... (The sold early.. and now they hate Bitcoin.. because they lost 100% of their investment)  Roll Eyes Roll Eyes Roll Eyes

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June 23, 2023, 01:29:54 PM
Merited by The Sceptical Chymist (5)
 #17

Quote
Re: Do you think it's still wrong selling properties for Bitcoin?
It all depends on the situation of the person.

If you only have one property, you are the owner of it, and you aren't using it to earn money then the appreciation of it would be longer. On the other hand, if you have many properties, selling one, and reinvest it into different asset like Bitcoin for example isn't a wrong decision at all. TBH, I would be doing the same as well if I would be in your shoes.

~
I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Well, you said already that you have more lands, so I guess this is just a matter or diversifying your assets, and I don't see anything wrong with it.

TBH, I don't see why people see it as a bad thing where in fact, OP just did a great job. Selling a part of his land, bought Bitcoin at near it's bottom, and now he nearly doubled his money already in just a matter of months. Some might be saying "Ohhh land is more valuable than Bitcoin, and appreciates in the long run." Well, it doesn't matter because as an investor, you will think of a ways to earn money as quick as possible.

To those who are against what OP did, he already said that he has more lands to use, so don't get affected, and say that it was a bad thing. Like what I said, it all depends on the person who did it. The main reason why you are investing is to gain profit, and that's what OP did.

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June 23, 2023, 01:34:35 PM
 #18

Since you can double your money in short time by selling your property to buy Bitcoin, it's not wrong because your decision is successful. But if it goes wrong, your decision would turn to be wrong lol. It's simple if you win, then it's not wrong. If you lose, then it's wrong.

But since no one has a crystal ball and it's better to prevent than cure, you need to diversify your investment because not anyone can accept huge lose.

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June 23, 2023, 03:04:05 PM
 #19

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
Selling something like lands, real estates to buy bitcoin can be good and can be bad. What will you do after you buy bitcoin?

Will your plan is holding it like an investment or trading it like a trader? It will decide your ending with profit or loss. If it is investment, how long will you hold it is important. If you can not hold it long enough to get profit, you will get the opposite, loss.

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I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
If you will have empty hands after selling those properties and only get bitcoin in your hands after that, it's bad. No one can be sure about future and we don't know the future of Bitcoin. We can have belief but you must not bet all with our belief.
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June 23, 2023, 03:16:05 PM
 #20

I don't think anyone can advise you otherwise, because you clearly made a choice that paid off for you, and would make same again.
I do however want to know the investment strategy you applied to gain massively.

Not many of us can take such risk mostly as it is decentralized, almost invincible. A land however can generate funds if I know how to work it as a mechanized farmer or rearer of animals or rent/lease for development.
Anyhow we see this though, so long as you can maintain focus and concentration, can be secure enough to keep private keys and information from anyone, Bitcoin is worth the risk.
After all, we have to risk it, to get the biscuit.

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rachael9385
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June 23, 2023, 03:20:56 PM
 #21

Since you can double your money in short time by selling your property to buy Bitcoin, it's not wrong because your decision is successful.

Trying to advise the OP to sell property so s/he will invest in Bitcoin is not a good advice to give, because selling property is not a good endeavor, if I many ask, why did you buy the property in the first place? if you know you want to invest in Bitcoin? Why not invest in Bitcoin before buying a property.

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June 23, 2023, 03:26:24 PM
 #22



I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Why not it depends on the kind of land you're selling, if it's situated in a commercial district that's a bad decision to sell, if the land is in a remote area and is meant to be for your vacation then selling it for Bitcoin just when the market is doing great is ok,
There are always risks involved in selling properties for Bitcoin it could backfire or it could be rewarding but sometimes when we are investing long enough we develop an insight that motivates us to go all out, this is when proper analysis comes in, emotion and analysis are two different things.

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June 23, 2023, 03:48:54 PM
 #23

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
The land has always been valued, at all times, the same can be said about gold, because they are time-tested. Bitcoin is still a very young asset, which is called digital gold, and we have yet to see if it can reach the same level as the land, but in the short term (I mean a period of several years), вitcoin can be very interesting as an investment. If you have a lot of land and can afford to sell some of it for bitcoin, then you will have a chance to buy several times more land if bitcoin rises in a new bull market. If someone owns a single piece of land, then selling it is certainly not worth it for the sake of manipulating bitcoin, because the risks are still very high, and risking a single piece of land, would not be a thoughtful action.

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June 23, 2023, 04:00:04 PM
 #24

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
The rapid growth of bitcoin is tempting for everyone.

The insanely good rise of btc won't last forever.

The coming years 2024-2025 are exciting not only for you. Whether these events will be joyful for investors in the coming years is unknown. Every investor in btc takes risks.

I believe that as before, everyone has the right to act as he pleases. Why do you expect approval for every action? If you think that selling properties for bitcoin in the future will bring you profit and success, then act more boldly. Your life, your risks.

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Stable090
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June 23, 2023, 04:10:48 PM
 #25

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
You are already in good profit, you are happy you made the right decision by selling your property and buying bitcoin, if you sold your land and bought bitcoin when it was around $60k, am sure you will be sad now because you will be having just like half of your money at the current market price, and you won’t even be having anything much you in your wallet when bitcoin went to $17k. It’s really risky selling properties just to buy bitcoin, if you sell your land bought bitcoin, if bitcoin start dumping massively, not everyone will be able to withstand the shock, some people might end up selling their bitcoin at lost, I won’t really encourage anyone to sell their properties to invest in bitcoin.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
What do you think will happen by 2024 and 2025? Everyone have been predicting that the next bull run will happen by next year, but all is just prediction, nobody knows when the bull run will be starting, don’t be surprise that their will be bear market in 2024 and 2025 which you just mentioned above or maybe bitcoin will be stabilized in one range. You should make people’s expectations too high, am sure bitcoin is going to pump hard, but nobody knows when that will happen.

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CryptSafe
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June 23, 2023, 04:17:49 PM
 #26

Although it sounds very risky but it is risky not to take risk. I believe you entered the market or possibly purchase bitcoin at the right time when it was still low.
You could have still sold the property for bitcoin even in the absence of bitcoin to start up other business at your own interests but you made a good decision and it paid you big profit so therefore, I see no wrong in selling properties for bitcoin depending their worth and value and also time of entrance into the bitcoin market.

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Ucy
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June 23, 2023, 04:23:39 PM
 #27

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?





Not wrong for people who know what they are doing. It seems you knew what you were doing considering you said you didn't sell everything to invest in Bitcoin, and also bought when the price was quite low. I would say you actually did minimize risk by making these two important conscious/unconscious decisions.
Another important thing to consider is whether you were just lucky or actually knew what you were doing. Your subsequent Bitcoin investment decisions will likely prove this. If you continue to make the right decision then it's unlikely luck.


By the way, it would be worth selling lands for Bitcoin that is held and used the right way. That's where the value really is.
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June 23, 2023, 05:36:51 PM
 #28

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

There is absolutely nothing wrong with saving up money because you wish to buy something, neither is there anything wrong with accepting somebody's money in exchange for something. In the case of Bitcoin, I and many others consider it money already. So there is no problem. But everyone has a different moral belief system so there is no point in debating any of it in the first place...

It is even very smart of you to invest in Bitcoin, but such large amounts of money in a market which is scarily volatile is a recipe for disaster if you let your emotions buy and sell for you. I hope you know it is best to hodl.

Lands are becoming more desirable with the ever-growing population. But honestly, that seems like an investment for your great-great-great grandchildren, not for yourself.

The fruits of Bitcoin, on the other hand...

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June 23, 2023, 05:46:36 PM
 #29

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

There is absolutely nothing wrong with saving up money because you wish to buy something, neither is there anything wrong with accepting somebody's money in exchange for something. In the case of Bitcoin, I and many others consider it money already. So there is no problem. But everyone has a different moral belief system so there is no point in debating any of it in the first place...

It is even very smart of you to invest in Bitcoin, but such large amounts of money in a market which is scarily volatile is a recipe for disaster if you let your emotions buy and sell for you. I hope you know it is best to hodl.

Lands are becoming more desirable with the ever-growing population. But honestly, that seems like an investment for your great-great-great grandchildren, not for yourself.

The fruits of Bitcoin, on the other hand...

He had decided already about selling his properties for BTC. He just needs confirmation on whether it's the right choice. The problem with his situation was that he lost acres of land in exchange for BTC. Would he be able to buy back those 2 acres of land when the bull run is over?

I would certainly want it back if I were him. His family knows it's their land and he may be blamed when the land becomes valuable and needed by his family.
If he could buy back the land at slightly higher price, he could get back the 2 acres but still have some money to buy BTC in the bear market.



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June 23, 2023, 06:16:43 PM
 #30

I am not brave enough to take this risk but I will continue to maintain the property that is owned even though bitcoin is more promising in a short time than property.

Because the property owned is not that much so I will not be tempted by the increase in bitcoin for the sake of selling other assets even though we know by now you have made a decent profit from buying bitcoin but that is not a decision for me because somehow the property must be maintained as an asset that is more important than anything else, let bitcoin be an installment in the DCA way that I have, even though it doesn't touch 1 BTC, at least the bitcoin is still owned and the property is never sold.

I always remember my parents' message that property should never be sold if it is not urgent for any need, therefore I will defend it.

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June 23, 2023, 06:24:23 PM
 #31

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
congratulations on your success for getting multiple profits from Bitcoin by selling one of your land assets.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
if we have a lot of land assets and they have not been used then there is nothing wrong with taking the risk of selling one of them to buy Bitcoin, but we also have to be able to understand market conditions and not just sell our assets to get Bitcoin.
Bitcoin is indeed interesting and can give us multiple profits, but the land that we own actually has the potential to give us good income too if we can use the land in the right and right way.

Do you think I went too far selling something as valuable as lands?
I don't think it's a problem and there's nothing wrong if you already know and are willing to accept the risk. the most important thing is that we invest with a clear mind and are willing to take the risks that will be faced and don't be so greedy as to sell all the properties we own just because we've made multiple profits before.
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June 23, 2023, 06:28:47 PM
 #32

In your case, I will say you applied wisdom. By the way, it's not wrong to sell property to invest in Bitcoin as long as you are aware of what you are going in for and accept the risk involved, but in my opinion, it's very wrong to sell all your property to invest in Bitcoin. You said you sold two acres of land while you still had more land that you kept. Yeah, having to sell everything is wrong; at least sell some and keep some. Landed properties are very valuable as well. You never could tell; some kind of development could come to the area you have lands in, and the money you will make out of it will be very huge as well. Some people will sell every piece of their property to invest in Bitcoin, and after Investing, at the end of the day, they will lose their wallet private key (LOL), misplace their key, and someone will steal everything they have labored for. Let's just be wise in our decisions. Congratulations to you if you bought your Bitcoin at $17k and are still holding it.




Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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June 23, 2023, 06:37:50 PM
 #33

Although it sounds very risky but it is risky not to take risk. I believe you entered the market or possibly purchase bitcoin at the right time when it was still low.
You could have still sold the property for bitcoin even in the absence of bitcoin to start up other business at your own interests but you made a good decision and it paid you big profit so therefore, I see no wrong in selling properties for bitcoin depending their worth and value and also time of entrance into the bitcoin market.
You are right, it depends on the policy of each potential investor. I'm also not sure if one needs to sell their property to have an investment budget for bitcoin. For me it's too risky especially if they are not experienced people in this investment. In fact, many people are only tempted by the potential benefits of investing but ignore many other things, including risks. If they believe they can manage their risk well, then I don't believe they need to invest with all that budget either.

One has to be smart enough to take and consider the risks. Bitcoin investments not only come with risks because of their price volatility, but another risk they need to be aware of is losing access to their wallets or losing their coins due to hacks or something like that.

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June 23, 2023, 06:52:42 PM
 #34

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

Congratulations on your profit, this was indeed a good trade. But I wouldn't sell my land to buy Bitcoin because the risk will be too much for me. I might not be able to bear the pain if the price goes contrary to my expectation. Landed properties are cherished in my area because it is scarce. You were able to take the risks because you could afford to lose the one you sold. Everybody that advised you spoke their minds and it was their views but it was up to you to make your decision. And I am glad your choice favored you. But you should also be aware that the price could have also gone down. But I like your risk-taking mentality, all the best.

Quote
I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

If seems you don't want to regain the land again. But I would have advised you to use some part of your Bitcoin holding to repurchase another land around your area. But if you can still bear the risk of keeping it till next year, it could be a good investment that will bring more profit.

R


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June 23, 2023, 08:32:02 PM
 #35

Sometimes I doubt, confidence is a good thing but people don't understand this is overconfidence. Everyone knows Bitcoin's properties and fundamental superiorities and its future potential. We need to understand that crypto is a volatile and risky market even though Bitcoin is not as mature as real estate. Why do you think selling your properties which are the securities for your future to Buy Bitcoins to earn more isn't greed?

Let's suppose for a time that a person sold all his properties and accumulated Bitcoins from the market at a price X and now he is expecting to gain more from his investment but in some sort of urgency he is stuck and now he has no option rather than selling his precious Holdings but the market value of his accumulation is now Y and X > Y now he is in a total loss of Z is it was a good decision now tell me. Always bring that money in the market which you can afford to lose (Extra Money).

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June 23, 2023, 08:41:17 PM
 #36

It's not that wrong depends on your wealth because some other people do these things even though they don't have anything except the properties they sold to buy bitcoins. Others have multiple properties and multiple sources of income as well. With this kind of scenario, it is recommended to sell properties that are not making money for them and convert them to bitcoins, which will increase their price in the future. If I had such a choice that I could sell some of my properties to buy bitcoins, I would have done it, but I'm not rich and only can afford a small number of bitcoins after I buy everything I need from my salary.
I totally agree with you. I don’t see it a bad idea selling some properties that are not making profits at the moment. So instead of paying its tax continuously, why not take some risk selling it and buy bitcoin instead. Bitcoin will certainly give us life changing profits as long as we know how to deal with it. However, what OP does is only acceptable when you have multiple number of landed properties, but if you have one or two only, better save it for your future or for your kid’s future.
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June 23, 2023, 08:50:49 PM
 #37

It's not that wrong depends on your wealth because some other people do these things even though they don't have anything except the properties they sold to buy bitcoins. Others have multiple properties and multiple sources of income as well. With this kind of scenario, it is recommended to sell properties that are not making money for them and convert them to bitcoins, which will increase their price in the future. If I had such a choice that I could sell some of my properties to buy bitcoins, I would have done it, but I'm not rich and only can afford a small number of bitcoins after I buy everything I need from my salary.
I totally agree with you. I don’t see it a bad idea selling some properties that are not making profits at the moment. So instead of paying its tax continuously, why not take some risk selling it and buy bitcoin instead. Bitcoin will certainly give us life changing profits as long as we know how to deal with it. However, what OP does is only acceptable when you have multiple number of landed properties, but if you have one or two only, better save it for your future or for your kid’s future.

well, the good thing about the OP is he has other properties. so he is not solely relying on its income. and he is lucky, he is already in profits if he will sell his btc today as compared to his buying price. but should not be imitated by other people who has only one property under their name. even if we say, the probability of earning profit on this market is high, still, it can go sideways when you badly need your funds and the market is down.
for me, so long you know the risks, you can do what you want. it is your properties anyway. but should not blame anyone if down the road, you feel you got rekt with your decision.

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June 23, 2023, 08:51:47 PM
 #38

Whether it is wrong or not depends on the circumstances.
You said that you still have a lot of land and sold only part of the land to invest in bitcoin and you made double the profit when you bought at $17k.
That is a good decision when your buying time is right and you know how to trade bitcoin.

What is very dangerous is if someone does not know anything about Bitcoin trading and wants to try trading or investing using the money from the sale of his land.
But in the end all lost or suffered a lot of losses, because entering at the wrong time and not holding it.

Long-term holding is recommended for brands that are not good at trading.
But long-term holding is emotionally draining and really needs to withstand shocks before the main price target has been reached.

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June 23, 2023, 09:15:07 PM
 #39

In the eyes of many, selling your property in exchange for bitcoin is always a bad move. You might not manage your investment well and end up selling your property has only gone into waste. So this is a big NO especially for those who are still new to crypto investing. However, if you have a lot of owned properties, and you’re not making any benefits at your land property especially its placed at a bad location, then maybe selling it so you can acquire bitcoin is a good idea. Bitcoin will always be a highly valuable investment especially if you invest it for long term, so you have to be very patient most particularly when the market turns red and not resort into panicking as this could only lead to wrong decision making that you might regret in the end.

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June 23, 2023, 09:21:22 PM
 #40

I'm not sure why you'd put Smith in such danger. The Bitcoin industry is unsuitable for those who enjoy taking risks. If you have a steady salary and some money, go ahead and invest; nevertheless, selling your land, even if you have extra, is not a good option because BTC is unpredictable; you can lose or earn. And many individuals ask me if they should quit their existing careers to pursue bitcoin. Once again, a big nooo. Because the cryptocurrency market is so volatile, you can never be certain of how much money you can make with it. In addition, I would propose keeping your existing employment and investing a portion of your earnings in cryptocurrency. It would boost your investment and your possibilities of producing more money.

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June 23, 2023, 09:22:39 PM
 #41

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Only a few who had the opportunity or capable on owning lots of lands which we know that this is something which its not cheap unless if these lands came from inheritance then it would really be
and advantage for you since you could really be able to make out decisions whether you would be keeping it or would be selling it for the sake of other income opportunities which you have done it right. Getting on 17k? thats a good point of entry which lots of people been hoping that they should have accumulate more on this period. So far i havent sell out anything that i do possess
to buy bitcoin but i do spend out some of my savings or partial of it on investing not only limited to Bitcoin but also with other coins as well we do have in the market.
It is really just that there are people who are having that opportunity and there are ones who cant do anything but to stare up into those missed opportunities.
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June 23, 2023, 09:28:22 PM
 #42

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

Do you consider computing the value of your land including the potential profit on it out of the crops you are planting on it? In some places like Japan, Farming can give a huge return overtime while their land value is growing. There’s nothing wrong on selling property to invest Bitcoin but not all scenario of selling properties to purchase Bitcoin will be same successful as yours because your profit came from other traders too that lose their money or being use as your liquidity if you take profit.

This will be a very bad decision if you will sell a property that generates a consistent profit in exchange for an investment that can give you risk of losing huge percentage of you capital if the market behaves against your.

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June 23, 2023, 09:28:35 PM
 #43

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment?
In the real world, you may find many contractors selling their assets just to win a job being auctioned. They know it only makes him profit, but of course there are risks. The same may be thought by some bitcoin investors, especially those with experience.

It could be that they have bought a lot of assets from bitcoin investment profits in the past and they want to sell them to invest again because of the good bullish hopes, but obviously it is risky. If it were me then I would not do it because there is no certainty whether I will be able to recover the assets I have sold in the future or even be able to multiply them.

Do you think I went too far selling something as valuable as lands?
Yes, could be.

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June 23, 2023, 09:30:47 PM
 #44

 I won't advice that you sell a landed property to invest in bitcoin reasons that the price of bitcoin is not stable so to avoid risk it's better to invest in it with spare cash. Moreover the value of land does not depreciate, it appreciates over time so the idea of losing and asset to invest in another which profit is not really certain is a no brainer.

 Although maybe you sold the land and invest when the price was 17k and then it increased to 30k then that should be considered a wise investment due to the doubled profit made from the investment but then,  left for me I won't advice using a landed property for bitcoin investment.but OP you said in your statement that you sold two acres of farmland so I think before you took this bold step you had other assets to back up your loss and you were lucky to profit from such risk, congratulations anyways.

R


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June 23, 2023, 09:34:17 PM
 #45


I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.


I won't say you are right and I also won't say you are wrong in this matter because of course everyone has different decisions in every step they take.
When you do this, as long as you are sure and without coercion from anyone, then do continue if you think this is the best, but I really don't really recommend it to other people like you said because selling property is the only one, for example for bitcoin and If you don't have anything else, then it's really not recommended to do it because regardless of anything, it's clear that it's not the right decision.
Even though bitcoin's potential is visible, of course we have to have another strategy instead of having to go all out like that at the expense of everything.

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June 23, 2023, 09:40:06 PM
 #46

Well, everyone makes their decisions as best they want, we are supposed to be +18, now when you present your case you do it free of opinion, so I think you made the trip backwards, I say you have to invest in bitcoin and then hold on to some kind of passive as a ground.

In any case, there are many variables to consider that we do not see and that perhaps helped in your decision, but I would never sell land to buy bitcoin, at least of course, as I mentioned, certain conditions were met.

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June 23, 2023, 09:49:09 PM
 #47

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment?

I am not taking such kind of risk since I have some activities where I can earn Bitcoin.  Probably if I don't have any other way I might do such things, as sell the property that is idle and not producing any profit for me.

Do you think I went too far selling something as valuable as lands?

No, since it gives you a profit then the ends justify the means.  For now, we can say your decision is correct and that nullifies your risky action of selling your land for Bitcoin.  As long as the result is positive there is no such telling that you went too far because by far you successfully hitting your target and that is to profit in a faster way.

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panganib999
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June 23, 2023, 10:01:40 PM
 #48

I mean in a sense it’s just like trading your coins lmao. You’re still looking at an investment that woll offer you profits in the process so how is selling your property in exchange for bitcoins bad? I personally believe you have full agency over your money and anyone who tells you otherwise can eat a fat chode. If you wanted to sell a house you don’t use anymore in exchange for bitcoin then so be it. On the other hand if you wanted to buy a house your bitcoin money, rent it to a single mother of five and jack the price of your rent so high that she’d have to look for another job to get by it’s up to you too (I’m kidding don’t do this).

Basically, you do uou, the world is your oyster my guy.
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June 23, 2023, 10:07:03 PM
 #49

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
This is crazy and I am going to laugh more if the worse finally happens to you.
Why on earth would you take that decision to sell your land and buy Bitcoin. This is a big ignorant and maybe you think you are trying to impress us that are in this forum so see how funny you are. You don't need to be juvenile when it comes to some certain decisions os you need to take decisions that will make people see you as a wise human being.

I don't have much to write but next time, have it in your mind that the money that we ought to use for Bitcoin investment should be our spear money, not going extra miles to make uncertainty move that could crash us at the middle.









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June 23, 2023, 10:16:37 PM
 #50

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment?
I'm not on the same side - so I wouldn't take that risk investing in bitcoin by selling other assets such as property, houses, cars or jewelry. After all, the risks are obvious - so why would you do it if you knew you would be at risk?

Do you think I went too far selling something as valuable as lands?
Of course that's too extreme. You don't need to be overly optimistic like that even if you are sure that there will be a return that you will get from the investment. If you believe it's a good one, then have alternatives such as selling 1 of 2 properties that you no longer use or are no longer making you a profit. But if it's the only one - then back off.

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June 23, 2023, 10:18:40 PM
 #51

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
This is crazy and I am going to laugh more if the worse finally happens to you.
Why on earth would you take that decision to sell your land and buy Bitcoin. This is a big ignorant and maybe you think you are trying to impress us that are in this forum so see how funny you are. You don't need to be juvenile when it comes to some certain decisions os you need to take decisions that will make people see you as a wise human being.

I don't have much to write but next time, have it in your mind that the money that we ought to use for Bitcoin investment should be our spear money, not going extra miles to make uncertainty move that could crash us at the middle.

The worst won't happen to him on his investment.  We all know that Bitcoin is about to moon since a year from now Bitcoin might be in a bull run, that increase the value of @OP's holding, then when Bitcoin records another ATH, it is possible that the value of @OP's holding would increase more than 5x.  So tell me how can it possibly go wrong?  Unless @OP sells at a loss.  The appreciation of land value can't keep up with the appreciation of Bitcoin value.  so @OP can always sell his BTC and buy more land from the profit.

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June 23, 2023, 10:26:50 PM
 #52

Your bitcoin success story is truly inspiring! It's amazing to hear how your decision to invest in bitcoin has paid off so well for you. Taking risks can be scary, but it seems like you made a smart move by using some of your extra land for the investment. It's important to consider our individual situations and resources before diving into such investments. As for me, I haven't taken that big of a risk with bitcoin yet, but hearing your story definitely makes me think about the potential opportunities it offers. Wishing you continued success and let's see how the future unfolds!
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June 23, 2023, 10:31:05 PM
 #53

This will never be advisable in this industry unless the amount you will get from doing so, would just be an extra fund of yours and won't be needed in times of emergency. But as much as possible, only use an amount that you can instantly afford losing; a cliché phrase in any field of investment. Profit potential in this industry is indeed huge but given that volatility and inconsistency with market price movements, is obvious, then you mighy consider managing the risk and avoiding to go all out just because of the idea of profit.
I mean in a sense it’s just like trading your coins lmao. You’re still looking at an investment that woll offer you profits in the process so how is selling your property in exchange for bitcoins bad? I personally believe you have full agency over your money and anyone who tells you otherwise can eat a fat chode. If you wanted to sell a house you don’t use anymore in exchange for bitcoin then so be it. On the other hand if you wanted to buy a house your bitcoin money, rent it to a single mother of five and jack the price of your rent so high that she’d have to look for another job to get by it’s up to you too (I’m kidding don’t do this).

Basically, you do uou, the world is your oyster my guy.
It has something to do with a habit I guess. Once you're into selling your properties, how sure are you to not go with your other belongings, if anything bad happens on the first one just to make up of your loss. Ever heard stories such as an investor sold his house to invest in bitcoin and suddenly a market crash happened, which put him into struggling times. Profit won't come in an instant.

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June 23, 2023, 10:41:31 PM
 #54

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
The decision of selling properties to invest in Bitcoin can be good and can also be worse base on the investor risk management with a plan set in getting the land back.
The good thing is that you're happy with the decision you take but if I were you I would have gotten a loan while I use the land as collateral if that's what you do now you would have returned the money get your land back and also have some profit. However, all this is a high risk involving investment though.
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June 23, 2023, 10:56:32 PM
 #55

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

In the country where I live, nothing can compete with the increase in real estate value. Real estate value has increased exponentially every year. If I had sold property and bought bitcoin at the time you mentioned, I would be at a loss now. Every country is different, so I can't generalize.

I am against buying bitcoins by taking out a loan or selling property. If you can easily repay the loan amount, it can be your choice. You should not buy bitcoin by selling property. This is the case for the country I live in. Most of the time it makes more sense to buy bitcoins with the money you have left over after meeting your general needs.

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June 23, 2023, 11:01:23 PM
 #56

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Based on your post I can understand you own several land plots, you didn't sell the only ones you had so of course it's a big risk but not as big as the risks that other people took. You can see that as diversification, if you didn't need those lands then why not selling them and buying bitcoin? Especially if you bought at $17k, that's a price that we may not see ever again...

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June 23, 2023, 11:02:10 PM
 #57

Till now people who had bought Bitcoin selling the properties have succeeded out of it. The most common one is the Bitcoin family that sold everything that belonged to them and moved to refugee camp buying Bitcoin. Now after years they were able to make good profit and now involved with bitcoin awareness throughout the world. So buying bitcoin with the land is good, but one should have the trust as well as the patience to enjoy the outcome.

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June 23, 2023, 11:19:50 PM
 #58

I think you got it pretty accurate OP
- if you don't having enough btc, but you have enough property, then it's definitely worth the risk.
- The "speed of upside" for bitcoin in comparison to property is definitely one reason to make the move

Of course, not everyone is fortunate enough to have multiple lots of land or property, and no one should be considering selling their only home for btc! That's too much loss of security.
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June 23, 2023, 11:29:55 PM
 #59

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
why would it be too far? you are basically doing the same thing as a lot of people have already done, I mean, there are people who have sold their land/s to invest in a business or start one. just like them, you sold your land to invest in something(in this case, Bitcoin), so I don't really see why you selling your land to invest in something you believe would gain you profit would be "too far". btw, congrats on the profit you made from investing in Bitcoin.

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June 24, 2023, 06:45:59 AM
 #60

Certainly, your saga highlights Bitcoin's volatile, yet potentially rewarding nature - indeed, "No guts, no glory." But remember, every risk doesnt guarantee rewards. Success stories often come with tales of devastating losses. Trading property, a solid asset, for fluctuating Bitcoin is a high-risk venture, seemingly profitable for you. Yet, this route may not resonate with all. Land - offers stable growth and safety; Bitcoin - holds wealth expansion potential, but at the risk of sharp declines.

Peering into 2024 and 2025, I predict amplified Bitcoin instability and notable value changes. It'll be captivating to see how your high-stakes bet plays out in the larger scheme

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June 24, 2023, 07:05:29 AM
 #61

Now you are in a profitable position if the Bitcoin you bought for $17k is still in your wallet as the Bitcoin price in minutes is already $30,710[at the time of writing].

-snip-
I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

R


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June 24, 2023, 07:22:30 AM
 #62

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin, but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.

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June 24, 2023, 07:41:42 AM
 #63

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin, but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.

Anything can happen, if we cannot be ruled out that the bull market could start much earlier, then let's not ignore what is happening maybe just a short term rally and things will correct again. I remember when bitcoin went from $17k to $30 in March of this year, many people had the same beliefs as you do now. They think the bull season will come earlier than usual, but in the end, as we have seen, we are still in a bear market.

OP's actions should not be encouraged because we are all not the same. He has a lot of properties, and selling 2 acres of farm lands won't be too big a deal for him. If someone has a lot of possessions, they can imitate him. But for those who don't have too much money, don't follow him, it's very risky.

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June 24, 2023, 08:40:25 AM
 #64

You made a smart move by selling your land for Bitcoin, and it's paying off well! Some people might say it's not wise to sell valuable assets like land, but you've got other lands to keep you secure. Bitcoin's growth has been impressive, and it's understandable why you find it more enticing. Many others have taken similar risks with Bitcoin and achieved great results. Let's see how Bitcoin evolves in 2024 and 2025—it's exciting! Remember, everyone's investment choices are personal, so as long as you feel comfortable and have a diverse strategy, embracing Bitcoin can be both thrilling and profitable.
Everyone has their own views on this matter because selling some properties for investing in bitcoin can be said to be good and it can be said otherwise.
When you do have several properties like OP then it won't be a problem but it's different if you only make this a bet where we only have 1 property and it is sold as an investment in bitcoin.
Even though it doesn't violate it, it's still not right because basically the strategy used in investing, especially BTC, is not just buying big and risking our wealth because basically there are other strategies such as DCA or buy the dip that can be used as an option.

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June 24, 2023, 08:41:22 AM
 #65

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.
There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin,
Behind something that cannot be clearly ascertained, we always have good confidence in waiting for price growth to continue to increase.
I'm not too hasty to say that the bull market has started or could start much earlier considering the usual habit of the downward phase after the bull market happens like something you said although it doesn't have to happen.

The option that I will do while waiting for the hope that has been stored long ago is to hold back and add.

Quote
but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.
I also don't dare to take action like OP

R


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June 24, 2023, 08:50:54 AM
 #66

Whether it’s right or wrong, it completely depends on the person. So, yes, we can only express our opinions; whether you made the right decision will be determined only by time. If you ask any new-generation people, they will surely say some positive things about bitcoins. They have seen bitcoins grow from scratch and become a high-value digital asset. The newer generation doesn’t understand the real estate business. So yes, according to them, investing in bitcoins will be a wiser decision. Yes, the real estate business has a lot of regulations and rules and has to abide by the government, but in bitcoin, thanks to its decentralised nature, you can do whatever you want.

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June 24, 2023, 09:44:29 AM
 #67

I still think it depends on the situation of a person since in my case, I would never sell my properties just to invest some money for Bitcoin. I actually having a passive income by just making my properties rental and by those income can be used for investing in Bitcoin or buy another property. If the person have a property but doesn't have enough money to provide for making such rental thing and it's only way to make use of it is to sell, then it's okay. But for sure It would be risky to sell your property to invest in such volatile state of crypto.

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alastantiger
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June 24, 2023, 09:49:27 AM
 #68

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Thank you Z390 for sharing this with us. I can deduce that despite the saying that we should invest only what we can afford to lose you have a thorough understanding of the bitcoin market and you took action based on your hopes, dreams, risks tolerance. Selling one of your landed properties knowing that it has the potential to appreciate in price is a testament to the fact that you have a high risk tolerance. You have taken a calculated risk and it turned out great for you. On the other hand, I would say that you are in the safe zone considering that you also have other landed property. Therefore if you bitcoin market crashes, your family will not have to live on the streets because you would have something to fall back on. PS. - please diversify your investments.

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June 24, 2023, 09:52:31 AM
 #69

Do whatever you want with your properties and it's good that it's paying you off already, the truth is many people feel like they know what's best for others and not themselves, I am never going to be in the same category, I will only talk for myself.

If you believe that selling your lands for Bitcoin will favour your life then you've made it because you believe. A leap of faith is the main driver of every goals we have in mind, do you believe? If that's a yes then it will work for you

Remember that we become what we say with our mouth, a land can take 10 years to become triple in value and it depends on its location but Bitcoin can give more profits in same 10 years, do you know how cheap Bitcoin was in 2013? And today is the 10th year, how much was Bitcoin in 2013 compared to 2023? Do the math, no land can worth that much even if all you invested was 100$ on Bitcoin.


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June 24, 2023, 10:00:32 AM
 #70

Then the price of bitcoin was 17 thousand dollars at the time you bought bitcoin and now the price of bitcoin is close to 31 thousand dollars so it is normal to double your purchased bitcoins because the market has increased a lot now. You want to capitalize on the potential for the market to go higher than where it is currently. That is, you want to sell the land you have and you want to invest the money by selling that land. It is more risky to invest in bitcoins by borrowing or selling land deposits but as you mentioned you have a lot of land deposits you can decide to do so. Because even if you don't make a profit from your investment, you won't have any impact.

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June 24, 2023, 12:39:30 PM
 #71

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
Like you said some risks are worth taking because the future is for risk takers. But what I cannot do is to sell my landed property and invest in bitcoin because land is one of the oldest and safest investment, and the value appreciates over time. Bitcoin on the other hand, is a volatile asset and the value can appreciate or depreciate in price. As one of my friends would always say that gambling is not for the weak. I think what you did was really risky and it was more of a gamble that later paid off because I just can't bring myself to take such a risk.

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June 24, 2023, 01:24:52 PM
 #72

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
You have a lot of properties and that still okay for you to sell some of them but like those who only have one, that was a big mistake. I can't take that option to something that we are not 100% sure that we can multiply our money and get more. A hear some people doing this (selling their house for Bitcoin) and very unfortunate that some of them become homeless and have no money. That was very unfortunate and this will possibly happen when we don't think carefully and if we let our emotions control us.



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June 24, 2023, 01:37:44 PM
 #73

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin,

Well stated.
It is just a testimonial or an encouragement to bitcoin investors.

I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I think you have contradicted yourself here.
If you really sold your land and nearby made half of the money within few weeks, why advice another not to sell because of bitcoin. It doesn't really matter how many pieces of land one has. It is strictly on the investment and business aspects. Questions to consider;
1. Are you developing the land soon?
2. Do you think the land worth will appreciate fast.
Besides, if you want to buy your land back or buy another in that same location. You can buy and have enough profits left for you.
Any decision for bitcoin us worth it, just if you can buy low and be able to hold without pressure.
The only reason I wouldn't sell my land for bitcoin is if I don't want to sell or I am considering diversification.

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June 24, 2023, 01:58:26 PM
 #74

I don't think it's wrong, it is really personal choice on how you are going to invest. But as always, I go with the logic of investing no more than what you can handle losing - whether it is money, property like land or other material things. I wouldn't advise on selling your house for an example but if you have some land or an object that you don't really use (or if you are okay with selling it for an investment), I can understand that. Not all people have cash they can invest in something so they have to find other ways, like OP did.

In only one scenario could I view it as wrong - such as it being an inheritance from someone, traditional people would mostly like their heirs to leave the land or property in the family and pass on to others when it is time to. It does depend on if the family is okay with selling, so it can be different for everyone.

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June 24, 2023, 01:58:50 PM
 #75

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

I am glad to hear that your investment in Bitcoin has performed very well and now you are considering purchasing more Bitcoins. It is true that investment in Bitcoin proved fortune changing decision for those investors who timely identified its growth potential and gained substantial profit. It is important to knowledge that all type of investments are associated with some level of risk including Bitcoin, selling land to buy Bitcoin can be a risky decision, as Bitcoin value can significantly fluctuate which can emotionally disturb investors, therefore carefully evaluate your financial situation and risk tolerance level before making such an important decision.









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June 25, 2023, 01:45:22 PM
 #76

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Congratulations on your decision. Bitcoin has a profitable growth that makes us wish , I bought bitcoin from 15k $ and now I am DCA every time the price drops

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June 25, 2023, 02:25:10 PM
 #77

I won't advice that you sell a landed property to invest in bitcoin reasons that the price of bitcoin is not stable so to avoid risk it's better to invest in it with spare cash. Moreover the value of land does not depreciate, it appreciates over time so the idea of losing and asset to invest in another which profit is not really certain is a no brainer.

 Although maybe you sold the land and invest when the price was 17k and then it increased to 30k then that should be considered a wise investment due to the doubled profit made from the investment but then,  left for me I won't advice using a landed property for bitcoin investment.but OP you said in your statement that you sold two acres of farmland so I think before you took this bold step you had other assets to back up your loss and you were lucky to profit from such risk, congratulations anyways.
I would say it’s an advantage for OP to take risk in selling a portion of his landed properties because if ever he lose from his investment, he has still numerous properties left. Even in my case, if I was in his shoes, I would also do the same. But I believe for those who only have few owned properties, selling them for the sake of investment is not advisable. Regardless if it’s bitcoin or not, it’s still best to invest using your spare money. Otherwise, he might end up being homeless if he never succeed from his bitcoin investment while seeing his capital only go into waste.

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June 25, 2023, 03:38:40 PM
 #78

I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.

I respect your opinion of not selling your land to buy Bitcoin. But this is different is OP has an abundance of land from what he said. It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.
You talked about diversification. Selling a part of his land to invest in something is diversification. Now he has assets in land and Bitcoin.

R


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June 25, 2023, 05:22:46 PM
 #79

I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.

It should be a matter of choice if you feel like buying land, go for the land, and if you feel like buying bitcoin, go for bitcoin. Both bitcoin and landed property are not bad investments for the future, and I know people who make good money selling both lands and bitcoin. Therefore, choosing your land is a wise decision on your part, bro.


I respect your opinion of not selling your land to buy Bitcoin. But this is different is OP has an abundance of land from what he said. It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.
You talked about diversification. Selling a part of his land to invest in something is diversification. Now he has assets in land and Bitcoin.

It's always bad to put all of your eggs in one basket, you, that's one thing I learned from elon, exploring into different things like batteries to cars and now space x and elon is trying to build a hotel in space, op has its target already, also is going to benefit from both of its investment, and in my own opinion, I love physical stuff, op is also smart enough to have both Bitcoin and landed property that's how business-minded people behave.

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June 25, 2023, 05:36:14 PM
 #80

It's always bad to put all of your eggs in one basket, you, that's one thing I learned from elon, exploring into different things like batteries to cars and now space x and elon is trying to build a hotel in space, op has its target already, also is going to benefit from both of its investment, and in my own opinion, I love physical stuff, op is also smart enough to have both Bitcoin and landed property that's how business-minded people behave.
If you sell land and then you still have a lot of land left, I also have the courage to do it like OP did because putting the money from the sale of land to invest in Bitcoin is something that is certain for me in terms of the profit I will get.
I will not share it, I put 100% of the money in one basket, namely the Bitcoin basket.

If likened to a business, then investing in Bitcoin will feel good if you are able to do it without having to sell valuable properties.

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June 25, 2023, 06:15:13 PM
 #81

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Each case is different and it needs to be evaluated on its own, you had more land, bought close to the bottom and you have a considerable amount of knowledge about this market, so in your case selling some of your land to buy bitcoin was the right choice, however if a newbie comes and asks if this is the right option for them and they only had one house, they want to buy close to the top and their knowledge about this market is minimal, then in that case it is obvious such a person should not buy bitcoin at all by selling their house.
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June 25, 2023, 07:33:40 PM
 #82

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Congratulations to you for making such a wonderful decision. It's a risk that only a few will be willing to take but you did it, and now it is paying off.
What you have done is simply diversifying your investment, and that is very important.

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June 25, 2023, 07:44:39 PM
 #83

I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.

I respect your opinion of not selling your land to buy Bitcoin. But this is different is OP has an abundance of land from what he said. It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.
You talked about diversification. Selling a part of his land to invest in something is diversification. Now he has assets in land and Bitcoin.
Indirectly conditions like this actually become flexible because everyone has clear opinions and arguments and of course the two arguments between those who agree with selling or disagree are not all wrong because indeed everyone has their own opinion about it.
If we really have the same opportunity, in the end, the choice is in our hands, because regardless of selling property or taking other approaches, such as buying little by little bitcoins for investment and waiting for the lowest price to buy more, everything can be justified. It's just that this choice has to be seen from several perspectives where it's like what the OP said, he's selling because he has a lot of properties so it's not wrong to sell and make it into bitcoin but it's definitely not recommended for someone who only has one property and all of this here by selling their assets and being in bitcoin.
Even if that action is not a mistake either, of course we have to think about all conditions because this is an investment and of course when talking about investment, of course it has a short period of time so you don't have to risk everything and you don't think about tomorrow.

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June 25, 2023, 07:59:29 PM
 #84

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Each case is different and it needs to be evaluated on its own, you had more land, bought close to the bottom and you have a considerable amount of knowledge about this market, so in your case selling some of your land to buy bitcoin was the right choice, however if a newbie comes and asks if this is the right option for them and they only had one house, they want to buy close to the top and their knowledge about this market is minimal, then in that case it is obvious such a person should not buy bitcoin at all by selling their house.
This is true on which it would be a case to case basis since not all would really be owning such number of land on which you would be something that able to put up on such condition. Lots of people do

even struggle on owning one.This is why on someone who do have lots of land or property and time comes that he/she decides on selling out one of those lands for Bitcoin investment then he could do
everything that he wants since its his property and its his decision to be made. Its really that impossible for someone on having no consideration on studying up on what he do tend to invest.
If he ends up on selling it out in exchange with Bitcoin then its understandable that he already been aware about the risks. He wouldnt really be that so been worry considering that he had
lots of land properties then if this case do goes negative then it wont hurt much but as seeing on OP's situation we are really that seeing a positive outcome which is really that great.
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June 25, 2023, 08:01:00 PM
 #85

As long as you're happy deciding to sell the land, you are good to go nobody can tell whether what you did is right or wrong apart from yourself. I won't sell land to invest in Bitcoin because both had their investment opportunities, stand and usefulness

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June 25, 2023, 08:51:18 PM
 #86

As long as you're happy deciding to sell the land, you are good to go nobody can tell whether what you did is right or wrong apart from yourself. I won't sell land to invest in Bitcoin because both had their investment opportunities, stand and usefulness
As long as we are not selling everything we have and still have the house to live in, that is still fine. We can't just sacrifice our living because of the want to invest in Bitcoin as we can't fully rely on our future on this. Many people become poor due to big losses from investing in Bitcoin and this is also because of mismanagement and we can't assure as well that we can manage it right. At least, if we lose our first attempt, we still have money left and still can survive. How to imagine yourself from a rich man to a poor man because of crypto investment? It should be thinking several times...

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June 25, 2023, 09:15:04 PM
 #87

In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.

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June 25, 2023, 09:19:08 PM
 #88

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future.
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June 25, 2023, 09:59:20 PM
 #89

It’s based on your opinion,because the bitcoin price is not stable one.To recover the loss,it’s essential one to hold till the bitcoin price increases above the buying price of your holding bitcoin.When you hold your bitcoin for the longer period,if you have not dependencies of the bitcoin which your received from selling the land.To face this risk,some people will not accept the bitcoin as payment,but bitcoin gives you maximum return.

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June 25, 2023, 10:16:24 PM
 #90

In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.

It looks like @OP has a surplus of land, and has a steady source of income, and does not rely on that sold land for living.  So I say it is a wise decision to sell the exess land to invest in Bitcoin in order to get more profit than just utilizing the land. 

I would not agree with the action of @OP if that land is his main source of income and sold it in hopes to make his investment in Bitcoin double.  In this kind of scenario, @OP might have sold his BTC at a loss since he doesn't have any means to support himself.

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June 25, 2023, 10:20:51 PM
 #91

If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future.
It's not worth it to sell your property just to buy Bitcoin unless if you are rich and own many properties then I think it's okay. It is much better if the money that will be use to buy or invest in Bitcoin came from salary like 1/3 of the salary or depends on what you do and it's not much hassle.

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June 25, 2023, 10:22:05 PM
 #92

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

Your situation is unique, and you were able to invest only what you can afford to lose. If you never recovered the money you sold the land for, it might not be such a big deal to you. You made the correct decision by investing them in bitcoin, and you are now reaping benefits of your decision. You may have invested them since you have additional land and can still keep the rest if this one doesn't yield any rewards following the investment.

Quote
I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Owning bitcoin is also advantageous as long as you don't sell it in a market panic. Risk is essential for success in this life if it is worth taking. In your situation, it was worthwhile to take the risk, and you can now reap the rewards of the decision you took earlier.

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June 26, 2023, 01:00:37 PM
 #93

If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future.
It's not worth it to sell your property just to buy Bitcoin unless if you are rich and own many properties then I think it's okay. It is much better if the money that will be use to buy or invest in Bitcoin came from salary like 1/3 of the salary or depends on what you do and it's not much hassle.

I also do not advocate investing in bitcoin with money that we cannot lose because the volatility of bitcoin presents us with too much risk. But there is no success without trade-offs, so selling assets to invest in bitcoin can also be considered. As long as we are willing to accept the loss of it and the loss of that property will not bring us down in life, then we can take the risk. We need to take risks to achieve tremendous success, but it takes calculation, proper planning, and not gambling. I'm not giving advice to anyone, this is just my fleeting thought as I think success requires trade-offs.

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June 26, 2023, 01:39:26 PM
 #94

In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.

And I feel like he did the right thing. He has more land, so he, as they say, did not put all his eggs in one basket. He chose to hold some land and some bitcoin, which is a great idea that always leaves you something to fall back to.
For someone with a single apartment willing to sell it and buy bitcoin it could be a bad investment, but if they could, for instance, rent out a room to someone and use that money to buy bitcoin every month it could end up being one of the best choices in their life.

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June 26, 2023, 01:52:12 PM
 #95

That is really a calculated risk. There is nothing wrong with selling your properties to buy Bitcoin as long as you can take it if you lose your investment. What I mean is that you have spare land that, let's say, is not usable for you at the moment, and you are a risk-taker, which means that you are not like others who are staying in their comfort zone. As long as you invest what you can afford to lose, then you'll be good, but if you sell it off and if it happens you lose your home as well, then that is a huge problem, but right now that is your spare land.
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June 26, 2023, 02:09:59 PM
 #96

The price of the property has a potential price increasing through year's people why keep making an investment with the real estate because they know the potential one of the common mistakes is they buy a property but they left this idle and just a sleeping money if you know how to manage the proper cashflow you can get paid those property back by renting and let them pay for you than hoping that you will earn back those money after 5  years or more.
In bitcoin, we know how to flip quickly, but the risk is higher than the assurance of getting a good return on properties that give you cash flows. Ideal for enlarging the sources of assets and then buy a Bitcoin.

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June 26, 2023, 02:27:25 PM
 #97

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Since you have lots of land and selling one of them to invest in bitcoin is called investment diversification, I don't think you are taking the risk to invest.  but this should not be encouraged and applied to people who do not have as many assets as you.  bitcoin offers very good returns, but also let's not forget the risks that we can face, so we should continue to maintain the investment method, should only invest what can be lost. What you do is not wrong, but I hope people who do not have too much money will not imitate you.

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June 26, 2023, 04:12:27 PM
 #98

It's all good if it's working for you bro, you don't need to ask others' opinions when it's already working out for you. There are some crypto millionaires on YouTube who purchased Bitcoin in 2022 after selling a few limousines, saying he made the right decision, and he is still hoping Bitcoin will reach new lows so he can sell his lambos.

A wise man once said that when others are fearful, be greedy; investors lose motivation for buying Bitcoin after the price drops, but they start to buy when the price surges.

Those who buy Bitcoin at the lowest will make the higher profits when Bitcoin creates a new all time high, if you believe that selling your properties are bad move to buy Bitcoin then do not do it, those who believe that they are doing the right thing will proceed, and I think they will make more money for having the balls to take the risk.

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June 26, 2023, 04:23:48 PM
 #99

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.
In my personal opinion, this is not a matter of right or wrong, but more to do or not.
And "suitable" for each person is different.
On the one hand, sometimes this decision really benefits someone and makes them earn more money. And this happens not only because of luck, but there are those concerned who really understand the right time to buy and then sell it. Not a new person who appeared in the crypto world during a bullish trend.

but on the other hand, it may not be at all suitable for others who are just getting into the world of crypto business, for people who do not understand the risks and how to manage them properly at the right time.

Apart from that, there are other considerations when someone sells their property, whether it is the only property or not. If that was the only thing, I would never recommend this to anyone.

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June 26, 2023, 04:25:43 PM
 #100

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
Well, so far i can say that, if you have many lands in the backup which will help you out when the market will not go as you had predicted then in my POV, it eliminates the factor of risk as you have managed the risk with some collateral and fully prepared to bear the results in all conditions.

And for your question, you have given answers, like who should sell the land for BTC, well one of my friends shared once that he wants to sell his only property to buy BTC but his parents did not agree upon this idea and I said, they did good just like you advices here. Because it is not a good idea to sell land that you have only a small amount to buy BTC.

And I can say, you bought the BTC at a good price, and you could make 5x or maybe more in the next bull run just after the halving. So be prepared and do not fall prey to any market sentiments.

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June 26, 2023, 07:10:34 PM
 #101

Selling properties to invest in Bitcoin is never a good idea. You got your profits because the market was favorable towards you. This won't be the case every time. Bitcoin investment carries a great risk. The volatile market is one of them. Also, you have doubled your money because you entered the market at a very favorable time. What if the situation were different? The price has grown very fast, but there is still room to grow more. Bitcoin is a long-term asset. The best outcome can only be seen in the long run. But before that, it faces many difficulties.

Bitcoin investment is not for everyone and not everyone can make a profit out of it. Many lose everything in it. So the situation and the circumstances were in your favor and you made a good profit. But this will not be the same case for others. Keeping that in mind, invest only what you are willing to lose if the market is against your luck. Lands, golds, silver- these are some assets that will give you proper return and are not as volatile as Bitcoin. So selling them to choose something that contains higher risk is a foolish decision to me. At least from my point of view. But you made a good profit, so congratulation for that.
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June 26, 2023, 07:36:50 PM
 #102

Selling properties is very risky, as you might lose them in the process and find yourself regretting in the end. But I believe there are always exceptions to that. Properties that are not giving you an income anymore might be good to sell and come up with a better and more profitable investment like bitcoin. However, risk management should be highly applied. Otherwise, if you sell your properties and expect quick profits from crypto will actually never work in the long run. Study your plan first, and prepare back ups if things not working according to your plan. I’d say diversification is a must but make sure to give bitcoin a bigger allocation.

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June 26, 2023, 07:38:31 PM
 #103

Selling properties to invest in Bitcoin is never a good idea. You got your profits because the market was favorable towards you.

I don't agree.
When it comes to bitcoin, 90% of its existence it was favourable to investors. It's like playing a dice game where only by rolling 1 you lose and all the other numbers are wins.

Quote
This won't be the case every time. Bitcoin investment carries a great risk.
Not that great if you consider the risk of holding stocks or money in a bank.

Selling properties for bitcoin is a great idea, just try not to do it at the top. How do you know when the top is? The general idea is to try not to buy bitcoin when there's recently been a halving and bitcoin is up by a lot, at least 100% above the last ATH because you either are buying at the top or you're buying close to it. Buying in the bear market is generally safe.
For example, if you bought whenever in the last 12 months, you'd maybe be down 5% today but rather up more than 20%.
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June 26, 2023, 09:02:26 PM
 #104

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
I won't gonna see what others are saying, but I personally think you didn't make a bad decision on your side. Because your investment falls within the first rules of trading because you invest what you can effort to lose.
But whenever such a big investment is going to be done, it must be done keeping in mind that the investment will be for the long term. Because no one can guarantee about the market, the goal you are taking in 2024 or 2025 may it not happen. Moreover, at least it is better to do this than depositing money in banks. But you have to look carefully at the matter of security because such a big investment can be completely lost for a small mistake.

Quote
is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
I don't really have that much wealth, but even if I had that much properties, I would have created a fund from that properties to invest in Bitcoin. I would not directly sell those properties to invest in Bitcoin, Because properties are physical assets, once it is gone, it is not possible to get it back in most cases. Let's say you sell your property, it is likely to be worth a lot in the future. Then it may happen that you still have the bitcoins but you can't get this property back.

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June 26, 2023, 09:13:21 PM
 #105

We are not here to validate you in any way. You took a big chance, and it paid off. That might be done by someone else, but it wouldn't work for them. Do you think about taking a profit now that you have a 100% profit? is what I would like to know. Or would you want to make a 200% profit before taking a profit? Once, I sold a Rolex and invested the proceeds in bitcoin. I took a profit and purchased a new Rolex when the price of bitcoin rose. You can take the risks and still be safe if your calculation is accurate.

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June 26, 2023, 09:30:45 PM
 #106

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
The key lies in several things:
1. You still have other assets, so selling a few percent of what you have won't be a problem
2. You buy Bitcoin when the price is not in a high state, it is bearish, but if the situation is the other way around where you buy at a high price then you are currently probably stressed because your Bitcoin has decreased in USD.

Of course, it would be better for you not to advise people to do the same as you, because that is a risky suggestion, especially if that person only thinks that Bitcoin can make him rich in an instant, even though investing in Bitcoin requires patience to see it give the benefits that it deserves. It is hoped that the longer you keep it the better because the movement is more certain in providing benefits.
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June 26, 2023, 09:32:03 PM
 #107

We are not here to validate you in any way. You took a big chance, and it paid off. That might be done by someone else, but it wouldn't work for them. Do you think about taking a profit now that you have a 100% profit? is what I would like to know. Or would you want to make a 200% profit before taking a profit? Once, I sold a Rolex and invested the proceeds in bitcoin. I took a profit and purchased a new Rolex when the price of bitcoin rose. You can take the risks and still be safe if your calculation is accurate.
It all depends on how you consider bitcoin and the way you carry it forward. There were difference of opinion when it comes to selling properties and buying bitcoin. Going through the life of Taihuttu we'll get to know how positive we need to be and how his family have turned bitcoin family. Not only his house, he sold his entire belongings to invest into bitcoin. Just think the risk he had taken with a family of five.

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June 26, 2023, 09:34:35 PM
 #108


I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.

Seriously, land is a great investment and it doesn't carry  much risky as Bitcoin, due to volatility nature of Bitcoin and also as online investment, but if you also have a proper understanding of Bitcoin and you believe in it, there is nothing wrong with selling some of your land and investing the proceeds in Bitcoin.However, the only thing I will suggest to anyone is to avoid investing just in bitcoin or any other internet venture because they carry significant risk.

It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.


Sincerely, this is what we should be worried about. Don't make all of your investments in one direction; instead, strive to make a variety of them because if something goes wrong with one, the others will support it.Therefore, selling a section of land and investing in Bitcoin is a welcome idea if someone has enough land and believes in bitcoin.

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June 26, 2023, 09:49:06 PM
 #109

You know it’s very risky to sell your property in order to engage in a very unforeseeable and dangerous investment like bitcoin as you might resort into losing and selling your property may end up into waste. That’s why if I can keep my property as much as I can, then I will never compromise it to enter into another investment. But maybe in the situation of OP, he said he has a lot of properties so selling one or two of it are never a waste. Good thing his investment paid off, otherwise he’ll live to regret his decision in the future.

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June 26, 2023, 09:49:52 PM
 #110

Selling properties is very risky, as you might lose them in the process and find yourself regretting in the end. But I believe there are always exceptions to that. Properties that are not giving you an income anymore might be good to sell and come up with a better and more profitable investment like bitcoin. However, risk management should be highly applied. Otherwise, if you sell your properties and expect quick profits from crypto will actually never work in the long run. Study your plan first, and prepare back ups if things not working according to your plan. I’d say diversification is a must but make sure to give bitcoin a bigger allocation.
Some people sell their properties for better opportunities but I don't take this option only for investing Bitcoin, unless like OP that have a lot of properties. It was not the best option because the ROI is not steady nor we can assure of getting money monthly but certainly have no exact date when. We can't rely our future on that and can't survive that situation if we are only relying on the income we get from investing in Bitcoin. Maybe if we are traders can possibly get a profit daily but if we are just holding, that takes longer.

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June 27, 2023, 02:34:28 AM
 #111

You know it’s very risky to sell your property in order to engage in a very unforeseeable and dangerous investment like bitcoin as you might resort into losing and selling your property may end up into waste. That’s why if I can keep my property as much as I can, then I will never compromise it to enter into another investment. But maybe in the situation of OP, he said he has a lot of properties so selling one or two of it are never a waste. Good thing his investment paid off, otherwise he’ll live to regret his decision in the future.

Investing should be done with spare cash and not money that you'll need profits on as quickly as possible because you borrowed it or sold something as important as your house to get into the investment. Investing in Bitcoin needs patience and selling your house for Bitcoin won't give you the patience you'll need to hold through the different rough times of the market. Selling your house for investing in Bitcoin is a bad idea.

Some individuals in the past might have done it and succeeded but that doesn't make it a good strategy. Instead of selling your house because you want to invest big into Bitcoin, why not start small and sell other things that aren't as important as your home you use for shelter.

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June 27, 2023, 02:40:33 AM
 #112

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Like you said, you have a lot of land, which is why it was easy to risk one, which turned out to be one of the best investment decisions you made. I don't think it's wise for anyone to sell their property for bitcoin because the person might not be as lucky as you are. It is always advisable for one to invest the amount they can lose if the market goes down because there is a 50/50 chance.

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June 27, 2023, 03:17:18 AM
 #113

You know it’s very risky to sell your property in order to engage in a very unforeseeable and dangerous investment like bitcoin as you might resort into losing and selling your property may end up into waste. That’s why if I can keep my property as much as I can, then I will never compromise it to enter into another investment. But maybe in the situation of OP, he said he has a lot of properties so selling one or two of it are never a waste. Good thing his investment paid off, otherwise he’ll live to regret his decision in the future.

Investing should be done with spare cash and not money that you'll need profits on as quickly as possible because you borrowed it or sold something as important as your house to get into the investment. Investing in Bitcoin needs patience and selling your house for Bitcoin won't give you the patience you'll need to hold through the different rough times of the market. Selling your house for investing in Bitcoin is a bad idea.

Some individuals in the past might have done it and succeeded but that doesn't make it a good strategy. Instead of selling your house because you want to invest big into Bitcoin, why not start small and sell other things that aren't as important as your home you use for shelter.
But in OP's case, it's not a bad idea. As he said, he has a lot of land, and selling a few pieces will not cause trouble even if his bitcoin investment fails. It would be a bad idea if you only have one house to live in, but if you have more than one and don't use it, you might consider converting to bitcoin. But admittedly, this is also too risky and should not be recommended to everyone, and we have many other ways to invest in bitcoin, not just selling assets to invest.

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June 27, 2023, 11:21:59 AM
 #114

Selling properties to invest in Bitcoin is never a good idea. You got your profits because the market was favorable towards you. This won't be the case every time. Bitcoin investment carries a great risk. The volatile market is one of them. Also, you have doubled your money because you entered the market at a very favorable time. What if the situation were different? The price has grown very fast, but there is still room to grow more. Bitcoin is a long-term asset. The best outcome can only be seen in the long run. But before that, it faces many difficulties.

Bitcoin investment is not for everyone and not everyone can make a profit out of it. Many lose everything in it. So the situation and the circumstances were in your favor and you made a good profit. But this will not be the same case for others. Keeping that in mind, invest only what you are willing to lose if the market is against your luck. Lands, golds, silver- these are some assets that will give you proper return and are not as volatile as Bitcoin. So selling them to choose something that contains higher risk is a foolish decision to me. At least from my point of view. But you made a good profit, so congratulation for that.
I grasp your take on Bitcoin, but it lacks layers. All investments carry risks, right? Conventional assets like real estate and precious metals, despite steady returns, arent they subjected to market swings too? You underscore Bitcoin's high-risk, high-reward nature, but doesn't that make it a tantalizing gamble? You concede Bitcoin is a marathon, not a sprint, kind of investment.

Only risk what you can afford to lose, agreed, but isn't that Investment 101, not exclusive to Bitcoin? It seems wiser to say a strategic, diverse investment approach, Bitcoin included, is the real winner.

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June 27, 2023, 11:29:21 AM
 #115

The surprises yet to arrive in the Bitcoin world. The world's bitcoin acceptance rate has not grown yet neither most of the population is into Bitcoin. Imagine everyone holding even few thousand to million satoshi's could have made insane price hikes for the Bitcoin. The adoption is not at the fullest and that's because of the conflict in definitions of securities and assets from the SEC and different financial authorities around the world.

I am mentioning all of this because it has  direct relation with the purchases you made. For example, real estates would grow in valuation every year depending on what prices government and the market imply in the years to come. However, in case of Bitcoin it is itself one of kind asset also and currency also. It gets valued and appreciation is not in few % but in hundreds to thousands over the course of decade plus.

By this, if anyone is buying bitcoin or preferring it over other assets, we are already doing great job.
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June 27, 2023, 01:02:05 PM
 #116

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

It doesn't matter as long as you own a lot of land and sell it to buy bitcoins because you feel confident that the potential growth in the value of Bitcoin can provide multiple returns in the future and most importantly are aware of the risks

Sr Member

 
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June 27, 2023, 01:08:13 PM
 #117

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
You have said it all in this little paragraph. The decision to sell your property for bitcoin will depend on the number of properties you have, the importance and the profit potential of the property whether it has future prospects or not.

Land is a profitable property to have, but in some few cases, you can run at a big loss holding on to some properties when you should have sold them off and invested in something better like bitcoins.

Do not hurriedly sell off your land for bitcoins, if it is something you must do, it should be a decision you make on your own and not out of pressure.



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June 27, 2023, 01:29:34 PM
 #118

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
You have said it all in this little paragraph. The decision to sell your property for bitcoin will depend on the number of properties you have, the importance and the profit potential of the property whether it has future prospects or not.

Land is a profitable property to have, but in some few cases, you can run at a big loss holding on to some properties when you should have sold them off and invested in something better like bitcoins.

Do not hurriedly sell off your land for bitcoins, if it is something you must do, it should be a decision you make on your own and not out of pressure.



Do you mean bitcoin is better than real estate? Real estate at risk and bitcoin without risk? All investments are risky, real estate and gold are considered the safest investments, if they are risky, then bitcoin is even riskier. I am a bitcoin investor, but we need real judgment, I don't like bias for any asset. If you say bitcoin is more profitable than real estate, then I would agree with you. But saying that real estate is riskier than bitcoin is not entirely accurate.

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June 27, 2023, 03:23:41 PM
 #119

I grasp your take on Bitcoin, but it lacks layers. All investments carry risks, right? Conventional assets like real estate and precious metals, despite steady returns, arent they subjected to market swings too? You underscore Bitcoin's high-risk, high-reward nature, but doesn't that make it a tantalizing gamble? You concede Bitcoin is a marathon, not a sprint, kind of investment.

Only risk what you can afford to lose, agreed, but isn't that Investment 101, not exclusive to Bitcoin? It seems wiser to say a strategic, diverse investment approach, Bitcoin included, is the real winner.
When you enter the game, you should know about it beforehand. Investors should know what the risks are and how they can maintain that for better investment plans. Investing in anything doesn't give you a 100% guarantee that you will make profits. Either it is Bitcoin, or something else. It is a piece of common knowledge among good investors, so I did not feel that I need to address that here. High risk - high reward does not apply to everyone. Not everyone can afford that. And if you are willing to take that risk, better to do it with something you can afford to lose, right?

Strategic, well-planned, diverse investment approach, yeah, you need all of them for a successful investment. But as an investor, haven't you learned those already? When it comes to investing, compromising something which is already a better investment is a fool's job. Selling property? No, I can not agree with that. If one is investing in Bitcoin and making profits, then they know the strategy very well. So if we stick to the main subject, I guess my points are quite valid.
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June 27, 2023, 03:56:44 PM
 #120

I don't think it was a bad decision, investing in bitcoin is a good option as long as you study the subject well, many have done that kind of thing and have achieved their goal, they have become wealthier than they thought they were, some may take longer than others but anyway, everyone who knows how bitcoin works knows that everything that has to do with it is unpredictable, at one moment you may be winning and at another you can lose everything, it could come to say that sometimes it seems like luck more than strategy, but there is no doubt that getting advice and having the courage to take risks as you did is what pays off in the long term many investors, who have nothing to do with bitcoin, make this type of play, since their motto is all or nothing, and some have worked for them, and they do it with fiat currency, which in my opinion, is not so stable let's say If a person has enough assets to use a part of this and try, I think it would be fine, they would only lose a little of what they own if what they intended to fail, now someone who does not have these possibilities if I think they should think better of it
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June 27, 2023, 08:18:01 PM
 #121

In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.

Something significant about this thread is that every member unanimously agrees that it is best to invest money that you can afford to lose in bitcoin. Personally I won't sell my land for a volatile venture like bitcoin investment, because the value of the land will keep increasing, while bitcoin fluctuations makes it not to be a guaranteed income when you want to cash in. I will rather invest in bitcoin from the reward that I get from my earnings.

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June 27, 2023, 08:34:50 PM
 #122

We are not here to validate you in any way. You took a big chance, and it paid off. That might be done by someone else, but it wouldn't work for them. Do you think about taking a profit now that you have a 100% profit? is what I would like to know. Or would you want to make a 200% profit before taking a profit? Once, I sold a Rolex and invested the proceeds in bitcoin. I took a profit and purchased a new Rolex when the price of bitcoin rose. You can take the risks and still be safe if your calculation is accurate.
It all depends on how you consider bitcoin and the way you carry it forward. There were difference of opinion when it comes to selling properties and buying bitcoin. Going through the life of Taihuttu we'll get to know how positive we need to be and how his family have turned bitcoin family. Not only his house, he sold his entire belongings to invest into bitcoin. Just think the risk he had taken with a family of five.
The point is not everyone gets lucky and paid off their investments just like the family you mentioned. Well, bitcoin is certainly an ideal and profitable investment, but if you are not that risk takers and would easily faint when prices are moving against the market, then bitcoin investment may not be good for you. There are a lot of profitable investments around. Just suit yourself and look for investments which you think you can easily learn and master based on your own interest and ability.

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June 27, 2023, 08:36:23 PM
 #123



Something significant about this thread is that every member unanimously agrees that it is best to invest money that you can afford to lose in bitcoin. Personally I won't sell my land for a volatile venture like bitcoin investment, because the value of the land will keep increasing, while bitcoin fluctuations makes it not to be a guaranteed income when you want to cash in. I will rather invest in bitcoin from the reward that I get from my earnings.

I agree too and furthermore you would be selling an asset for an asset and it's not very logical, better to exchange shitty hard-earned Fiat currency in that land which allowed you to eat once again but which only gave you waste paper.
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June 27, 2023, 08:43:52 PM
 #124

We are not here to validate you in any way. You took a big chance, and it paid off. That might be done by someone else, but it wouldn't work for them. Do you think about taking a profit now that you have a 100% profit? is what I would like to know. Or would you want to make a 200% profit before taking a profit? Once, I sold a Rolex and invested the proceeds in bitcoin. I took a profit and purchased a new Rolex when the price of bitcoin rose. You can take the risks and still be safe if your calculation is accurate.
It all depends on how you consider bitcoin and the way you carry it forward. There were difference of opinion when it comes to selling properties and buying bitcoin. Going through the life of Taihuttu we'll get to know how positive we need to be and how his family have turned bitcoin family. Not only his house, he sold his entire belongings to invest into bitcoin. Just think the risk he had taken with a family of five.
The point is not everyone gets lucky and paid off their investments just like the family you mentioned. Well, bitcoin is certainly an ideal and profitable investment, but if you are not that risk takers and would easily faint when prices are moving against the market, then bitcoin investment may not be good for you. There are a lot of profitable investments around. Just suit yourself and look for investments which you think you can easily learn and master based on your own interest and ability.
As much as possible it would really be that wise that you shouldn't really be taking some selling decisions like properties or whatsoever you do have because it would really be wise on accumulating as much as possible and we know that having properties specially if it can be monetize then you could really be taking advantage into that.There's no point or that no sense on selling it out but rather save it up and
on the time you do make more income with those investment or properties then you could really just simply rinse and repeat.

Dont stop on a certain point just because you are seeing that you do have possessions then you would be simply be deciding on selling it and putting it on Bitcoin.Yes, it does have potential but doesnt
mean that you would be needing to sell something.Its true that not all people who had taken such decision do ends up on profitable or being on the positive side. This is why we should
really be wise on taking up decisions on times like these.

R


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June 27, 2023, 08:55:00 PM
 #125

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Well looking at the situation of things as you have already stated that you have more than enough land that the sales of this particular one won't be of any negative effect to you makes it okay by me in the decision you took. But in the situation where the land is your only one I don't think it will be advisable to sell it off because the risk involved will be bigger. Because the desire profits would have taken a lot longer due to the market volatility and the land might be of use to you before that times.

R


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June 27, 2023, 09:07:26 PM
 #126

I personally would not be too pushy to take this risk just to invest in bitcoin. I have a few pieces of land and some gold to use for jewelery but when I want to invest I tend to keep my budget low rather than selling other assets to get my budget together. Of course I can expect returns, but I can't take risks like this.

OP, I know you can do it especially if you can take the plunge. But imagine if you end up failing and you don't manage to get the return you should for one reason or another, are you sure you want to sell the property for investment?

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June 27, 2023, 09:37:58 PM
 #127

I personally would not be too pushy to take this risk just to invest in bitcoin. I have a few pieces of land and some gold to use for jewelery but when I want to invest I tend to keep my budget low rather than selling other assets to get my budget together. Of course I can expect returns, but I can't take risks like this.


Perhaps, it was a smart idea. In fact, it was stated many times that "Only invest the amount that we can afford to lose". This obviously tells us what we gonna do and stepping behind this will certainly create a huge risk on our part. Selling is not the best option, maybe on the part of OP because he is filthy rich, he never feels any regrets or worries in his decision but for us who think about our finances, that is different. Of course, we choose the best thing for us even though we are risk-takers but it won't exceed our limits.

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June 27, 2023, 09:47:48 PM
 #128

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
How can you be so reckless with your decision!!

do you not have any other way to buy bitcoin other than by selling the land you own, many people are trapped by buying bitcoin with debt or selling their valuable assets, while other people buy bitcoin with their cold funds. I hope you will not encounter difficulties in the future, so that the bitcoins that you are currently buying from the sale of your land are not in vain.
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June 27, 2023, 10:22:03 PM
 #129

Anything that doubles your profits is worthwhile to invest, and risk your money in. If necessary, I wouldn't mind exchanging my sole plot of undeveloped land for bitcoin. I'm selling it because I know that whether things go well or poorly, the bitcoin I purchased will increase in value much more than the land I bought. When it does, I will be able to benefit from the earnings, which will allow me to purchase even more land at a better location than the one I currently own.

Affording land and properties is simple when one has a lot of money, but investing in Bitcoin at a high price takes a significant investment of capital in order to receive returns, and the best time to do so is during a bearish market.

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June 27, 2023, 10:22:20 PM
 #130

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
For all my friends who wish to prohibit or express their disagreement with the OP, please re-read the emphasized words. The OP possesses numerous assets, meaning that the two-hectare land he sold to buy Bitcoin is not their only land. This should catch everyone's attention, that the OP took a risk, but it wasn't an all-in risk. They still have other lands ready to back up their future in case the value of the recently sold two-hectare land diminishes.

The disparity in economic strength undeniably has a significant impact. However, the essence is never to go all-in when you still have a life to live.
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June 27, 2023, 11:22:28 PM
 #131

Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.
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June 28, 2023, 12:38:31 PM
 #132

In my personal opinion, this is not a matter of right or wrong, but more to do or not.
And "suitable" for each person is different.
On the one hand, sometimes this decision really benefits someone and makes them earn more money. And this happens not only because of luck, but there are those concerned who really understand the right time to buy and then sell it. Not a new person who appeared in the crypto world during a bullish trend.

but on the other hand, it may not be at all suitable for others who are just getting into the world of crypto business, for people who do not understand the risks and how to manage them properly at the right time.

Apart from that, there are other considerations when someone sells their property, whether it is the only property or not. If that was the only thing, I would never recommend this to anyone.
I agree that not having expertise would be a trouble, it should be a big deal where you need to have a small amount of trouble that could result in not a great response. I am not saying that you should be doing it because it's a good thing or a bad thing neither, I do not want to put a black and white line to this, but it is not that easy for newbies for sure.

If you know what you are doing, if you can hold long enough, and if you have proven to yourself that you can hold long enough, bitcoin could be more profitable than property for sure, not a lot of property goes up like that. But if you are unsure about it, then maybe it would make more sense to just keep it and not invest into bitcoin before you are certain about it.

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June 28, 2023, 01:32:26 PM
 #133

Anything that doubles your profits is worthwhile to invest, and risk your money in. If necessary, I wouldn't mind exchanging my sole plot of undeveloped land for bitcoin. I'm selling it because I know that whether things go well or poorly, the bitcoin I purchased will increase in value much more than the land I bought. When it does, I will be able to benefit from the earnings, which will allow me to purchase even more land at a better location than the one I currently own.

Affording land and properties is simple when one has a lot of money, but investing in Bitcoin at a high price takes a significant investment of capital in order to receive returns, and the best time to do so is during a bearish market.
You're taking high risks, I keep saying that we shouldn't invest every substantial property into bitcoin, because this is cryptocurrency, alot of things happen, acknowledge the bull and bear season. What if you enter in the wrong entry of bitcoin, when it's dipping and end up liquidating your account, what will be your next step or decision, ofcourse you will fall into depression because that exactly everything you invested in and it didn't turned out the way you planned, I know what it means to start from scratch, always provide backup options for your primary plans.



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isaac_clarke22
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June 28, 2023, 03:41:03 PM
 #134

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Volatility would be your most concern at this point. Land would just continue appreciating over the coming years, and at least you got that anyway while Bitcoin is not always like usual.

If I were in your shoes, I would let the land continue to appreciate and just trade Bitcoin in the meantime. As long as the land is entitled to you anyway, there would be no worries. I appreciate your enthusiasm and optimism in Bitcoin's value, but realistically speaking, we're not really sure for now.

You're taking high risks, I keep saying that we shouldn't invest every substantial property into bitcoin, because this is cryptocurrency, alot of things happen, acknowledge the bull and bear season. What if you enter in the wrong entry of bitcoin, when it's dipping and end up liquidating your account, what will be your next step or decision, ofcourse you will fall into depression because that exactly everything you invested in and it didn't turned out the way you planned, I know what it means to start from scratch, always provide backup options for your primary plans.
Well there are no "wrong entries" anyway when we're talking about Bitcoin. It's just that deciding from that would either make you wait for either few years/months or more.
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June 28, 2023, 04:52:17 PM
 #135

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
For all my friends who wish to prohibit or express their disagreement with the OP, please re-read the emphasized words. The OP possesses numerous assets, meaning that the two-hectare land he sold to buy Bitcoin is not their only land. This should catch everyone's attention, that the OP took a risk, but it wasn't an all-in risk. They still have other lands ready to back up their future in case the value of the recently sold two-hectare land diminishes.

The disparity in economic strength undeniably has a significant impact. However, the essence is never to go all-in when you still have a life to live.

Those who are opposing the OP because they have overlooked this detail, what the OP is doing is the right thing and a good investment strategy.
I would call it portfolio diversification rather than him recklessly selling real assets to invest in bitcoin. But I also hope people should read carefully what OP is saying, this is not advice for everyone. Selling real estate or any other property to invest in bitcoin is never a good idea. Bitcoin is still a high risk asset because we should only invest what we can lose.

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June 28, 2023, 08:14:30 PM
 #136

I respect your opinion of not selling your land to buy Bitcoin. But this is different is OP has an abundance of land from what he said. It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.
You talked about diversification. Selling a part of his land to invest in something is diversification. Now he has assets in land and Bitcoin.

It's just that this choice has to be seen from several perspectives where it's like what the OP said, he's selling because he has a lot of properties so it's not wrong to sell and make it into bitcoin but it's definitely not recommended for someone who only has one property and all of this here by selling their assets and being in bitcoin.

Very true. It would be very unwise to sell all of your assets and put everything into another asset.
This is why they say to invest what you can afford to lose. We have to invest wisely.
In the OP's case, he has a lot of land and he didn't sell everything. He said he has others. I see it as a pretty good investment to try and diversify his investment.
It is a very bad idea to use everything you have for investment because in as much as we should take risks, we should take calculated risks. A risk that if things go wrong, we can have something to fall back to.

R


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June 28, 2023, 09:50:08 PM
 #137

I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place. You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

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June 28, 2023, 09:52:04 PM
 #138

Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.
It is our mindset that investing in Bitcoin will make us rich. Perhaps it can be possible but can't ignore the possibility that this will be a reason for major losses as we don't have 100% assurance of ROI. I'd still wanted to remind the golden rule of investing crypto - only invest the amount that we can afford to lose. And the case of selling some properties just for the seek of starting a Bitcoin investment, I really don't think it was the best option. But if that person has the capability to do it without any worries, then why stop them?

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June 28, 2023, 09:59:12 PM
 #139

Selling your property to start with bitcoin investment makes a bad impression for me. That is because you intend to acquire losses already before you make profits with bitcoin. Although some may be brave enough to take the risk and paid off their investments, but it does not happen to all first time bitcoin investors. Most of them resort into losing maybe because they are also not completely aware on the investment they are entering. So just to stay at a safety zone and be free from big losses, always invest at your own risk by just putting a small amount that you can manage to lose.

R


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June 28, 2023, 10:02:39 PM
 #140

Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.
It is our mindset that investing in Bitcoin will make us rich. Perhaps it can be possible but can't ignore the possibility that this will be a reason for major losses as we don't have 100% assurance of ROI. I'd still wanted to remind the golden rule of investing crypto - only invest the amount that we can afford to lose. And the case of selling some properties just for the seek of starting a Bitcoin investment, I really don't think it was the best option. But if that person has the capability to do it without any worries, then why stop them?
Always mind off with the risks because not every crypto investment would really be ending up on positive. We do have our own will on how we should really be dealing up with this space on which it would really be that impossible for us not to be able to realize about those risks along the way.We are already getting involved with some investment then it would be unlikely for someone to missed up if ever
he would really be considering on investing into Bitcoin. Of course you would really be that making up some research first before diving in because if you dont then you would really be finding yourself into huge trouble via making those bad decisions but in overall, if i do have some properties then i would really be monetizing these places and the profit you do make then this is where you would be getting your fund to be invested on bitcoin or cryptocurrencies. Diversify as much as you could on which it would really be just that normal that you would really be having those kind of approach because know
that lots of ways and methods could really be utilized if you are really that wise in this regard.
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June 29, 2023, 11:37:33 PM
 #141

I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place. You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

No, I don't even agree that any beginner would really have the courage to even invest in Bitcoin, before they can even become so courageous to sell property and invest in Bitcoin, some people that are taking loans or selling properties to invest in Bitcoin are obviously those that have a lot more experience than just real newbies. It's just like when you are very sure of your property but not even sure about Bitcoin, you will need someone to convince you to do so. Although it's not bad to sell up some property to invest in Bitcoin, let them not just sell everything for Bitcoin; it's more wise to share the property in two halves, sell one portion for your investment, and keep the other one in case anything goes wrong.

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June 30, 2023, 06:15:55 AM
 #142

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Since you have enough land, it is good for you to sell land and invest bitcoins if you want. This tempting thing is all you need to do to make a quick profit from Bitcoin by selling land. But if a person commits such a mistake then he will definitely suffer because if there is more land then it can be sold but it is never a right decision to make such a mistake by selling less land. There is a huge difference between land being a valuable asset and Bitcoin being a virtual asset. Although land is more valuable because the price of land increases a lot at times, the value of bitcoins decreases again and again. Would it be better for you if you sold the land and thought of making money from the bitcoins and then repurchased the land later? You have land so you are able to make such a big decision it may be a small matter for you. But it would not be right for those who have no land to make such a mistake, so I think it would be completely wrong for those who have little money and wealth to make this assumption.

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June 30, 2023, 08:09:17 AM
 #143

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.
As the saying goes, "no pain, no gain" if you don't take risk you'll not gain anything. Selling a property might not a wise thing to do since real estate is also a good investment. But if your instinct says that it's more beneficial if you'll going to invest in Bitcoin then so be it. It's your choice. Just be matured enough to accept whatever the outcome of your decision. Regardless how good it seem to be, still, it's not guaranteed.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
As a Bitcoin investor, I know how profitable it is to invest in Bitcoin as long as you're not a weak hodlers. So if I were in your shoes, I will also do the same since I have more than one property and still fine even the result is not what I expected it to be. Investing in Bitcoin is risky, but worth it.

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June 30, 2023, 08:53:23 AM
 #144

I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place.

If that's all you have, selling tangible assets to invest in bitcoin is either bad advice or a very bad idea. But if you have many assets like OP, selling part of your assets to invest in bitcoin would be called investment diversification, which is not a bad idea.

You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

In investing, no one can guarantee anything, even if you invest in real estate or gold, but there is one thing you need to know. If you can take big risks, then you have a better chance of getting bigger rewards. Investing in bitcoin is considered very risky, but if you succeed, your success is worth it and many times more than others.



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June 30, 2023, 07:51:45 PM
Last edit: July 01, 2023, 12:55:55 AM by RewFrew
 #145

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
Great your decision, i think it is big risk but you will be win in this risk i think. Property selling money will double there has no doubt i believe it. But property selling is not good. I Don't support for property selling. Because bitcoin price is increasing gradually. In 2021 Bitcoin price was $69k and now $30k+. So i think Bitcoin price will touch that's ATH Again there has no doubt.

Not only profit there has risk in invest on bitcoin. I could go down after your invest. But no problem you need to hold for some times. After Some time bitcoin price will come back.

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