Do you think it's still wrong selling properties for Bitcoin?

[Z390]

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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[BD Crypto]

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.

[jeraldskie11]

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.

[rozak]

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.

[Oshosondy]

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.

[yazher]

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.

[Renampun]

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.

[passwordnow]

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.

[superman184]

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.

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.

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.

[Agbe]

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.

[bayudndy]

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.

[Zaguru12]

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.

[bangjoe]

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.

[siedemtrzy]

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.

[Rupok]

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.

[Kakmakr]

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) 

[LogitechMouse]

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.

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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?

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.

[Plaguedeath]

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.

[tbct_mt2]

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.

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.

[Bananington]

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.