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Author Topic: Do you think it's still wrong selling properties for Bitcoin?  (Read 764 times)
Dr.Bitcoin_Strange
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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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