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

[yudi09]

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.

[1715606012]

1715606012

[1715606012]

1715606012

[1715606012]

1715606012

[1715606012]

1715606012

[1715606012]

1715606012

[Cryptmuster]

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.

[DanWalker]

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.

[Furious 7]

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.

[yudi09]

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.

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

[Nrcewker]

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.

[Lorence.xD]

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.

[alastantiger]

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.

[Outhue]

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.

[Litzki1990]

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.

[sokani]

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.

[Yamifoud]

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.

[KingsDen]

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.

[PeRo]

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.

[Sayeds56]

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.

[Minhxx]

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

[Russlenat]

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.

[Alpha Marine]

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.

[RockBell]

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.

[aylabadia05]

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.