Farmer's Bitcoin Investment

[GideonGono]

First of I hope that every one of those farmer knows the risk of the investment that they would take.
This is how people got screwed before, they would jump in base on someone else successful story not knowing the risk that the person took on his investment.
It is true that those successful stories are truly inspiring for us to invest just imagine how their life change because of crypto, but we also need to face reality that it isn't a quick rich investment and there are ups and downs, maybe some of those stories are just on luck that they got in on the right time.
We need to be aware that this is an investment and we could also lose just like most off the investor here.

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[Sexylizzy2813]

In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

This is one of the best story I have ever come across on this forum, farmers engaging in Bitcoin and not minding the risks involved in it but still find time to get better information before investing.
At least your uncle's friend gave him all he needs to know about Bitcoin without hold any back, with this I believe in other region farmers would still want to make the same move your uncle made before hitting his profits.
Is better to know what you're getting into than getting a weak information on where you are to invest your hard earn money, at least we now know that no matter your profession you can still invest in Bitcoin.

[dansus021]

Wow such a good story also your uncle friend seems to give detail about profits or losses that can happen in the crypto space I will give him huge applause   In my opinion this is so cool.

Diversify is the key so if I were you I would never left my the main job but keep investing more on bitcoin  . But I think in the future there is one or more people that also dont believe in crypto.

And maybe bitcoin could grow more than 100K in future I mean I hope soo to hehhehe. and yes you can further in agricultural development when keep investing and sell at the peak

[Marvell1]

First of I hope that every one of those farmer knows the risk of the investment that they would take.
This is how people got screwed before, they would jump in base on someone else successful story not knowing the risk that the person took on his investment.
It is true that those successful stories are truly inspiring for us to invest just imagine how their life change because of crypto, but we also need to face reality that it isn't a quick rich investment and there are ups and downs, maybe some of those stories are just on luck that they got in on the right time.
We need to be aware that this is an investment and we could also lose just like most off the investor here.

Bitcoin investment like other investments will not guarantee us profit, it just gives us a greater chance to get a bigger reward. Other people's success does not mean that we will also be successful, it all depends on the mindset and strategy of each person.

OP setting up a small cooperative for investment is very risky because even he can't guarantee his investment, how can he guarantee the rest? Therefore, the OP should share and highlight the risks they may face. Don't just look at the return but forget the risk, and it can be said that investing in bitcoin is much riskier than the farmer thinks.

[LogitechMouse]

~
His friend told him that Bitcoin can earn money.

I don't know if this is a problem or not. I don't know if this is wrong or not.

People are telling to people that Bitcoin can earn them money instead of the fact that Bitcoin is just like any other digital currencies out there where you can transact using it. People are sharing the asset-side of Bitcoin rather than the currency-side, and that's why people see Bitcoin more of an asset, and not a currency. Though there's nothing wrong because I look Bitcoin both as an asset, and a currency, but I guess let's teach them the currency-side of it as well, and not only the asset-side shall we?

So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

Well, good for you, and for your community that you have been introduced into Bitcoin, and invested into it.
I just hope that it doesn't end there. I just hope that you, and your fellow farmers will continue to learn Bitcoin, and cryptocurrency in general, so that you can make more money, and learn more from it. I also hope that y'all know the risks that you are facing right now that you invested your money into an asset that's very volatile.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

Maybe, maybe not.
What's more important is you know what you will do if the best days come (bull market = selling), and what to do if the worst days come (bear market = buying). Good luck with your investment, and I have a huge respect towards the farmers TBH because I live in a community where most of the people's jobs are farmers. Respect to you all.

[SilverCryptoBullet]

People are telling to people that Bitcoin can earn them money instead of the fact that Bitcoin is just like any other digital currencies out there where you can transact using it. People are sharing the asset-side of Bitcoin rather than the currency-side, and that's why people see Bitcoin more of an asset, and not a currency. Though there's nothing wrong because I look Bitcoin both as an asset, and a currency, but I guess let's teach them the currency-side of it as well, and not only the asset-side shall we?

Bitcoin can not help us to earn money.

Bitcoin value and price increases with time because there are developers, business operators, communities that contribute to help Bitcoin adoption. They are people to help us get profit from our Bitcoin investment passively. Without those people who make contributions, Bitcoin value and price will not increase and we as Bitcoin investors will not get any passive profit.

[Oasisman]

all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

This is such a very good initiative and a selfless step towards success, especially for the people who are not tech savvy or doesn't even know how to operate a computer or mobile phone. The only thing that I'm concerned with in this kind of investment setup is that, all of these farmers should understand first the risk involved and they should also know the basics of bitcoin, and of course they should also have an access to the bitcoin price. One important thing about having a cooperative is to be transparent all the time to avoid conflicts. Bitcoin and cryptocurrency is a bit complex to understand for the people who do not have background in digital aspects. So, transparency is really a must.

[Kakmakr]

It is fine when people buy bitcoins with "disposable" money that they do not need for every day expenses, but when you have to take money from the expenses that you have to pay towards the "job" that you are doing that generate an income.... then it becomes a problem.

I buy small amounts of bitcoins from the "extra" money that I have, after I paid my expenses and it adds up to a significant amount... when you buy every month. I hope we will see a Bitcoin price of $100 000... but I will be satisfied with much less, because I am buying at $30 000. 

[Bd officer]

Congratulations to your uncle, your uncle is a farmer and became successful investing in Bitcoin. You have also invested in Bitcoin at the right time, many experts have opined that the price of Bitcoin will go up a lot in the next 1-2 years. Bitcoin halving day in 2024, after every halving the price of Bitcoin has been seen to increase. Thank you to all the farmers in your area, all of you farmers have formed a cooperative society, slowly saved money and invested in Bitcoin. Keep your investment for a long time, hope to get a lot of profit. Hold bitcoins in a good wallet, not on an exchange.

[Mpamaegbu]

His success made all the farmers in our area interested in Bitcoin investment.

That simply emphasizes the aphorism – Failure is a bastard. People only want to be associated with success and not failure. Others saw your uncle's success as an achievement they could tap into after they must've shown skepticism while your uncle was starting off with his plan.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

It's almost assured that it will happen, except something very unusual disrupts the Bitcoin circle before then. Next year is halving, it's a price chase from there till 2025. I believe Bitcoin will do above $120k in its next all time high expected in 2025.

[Poker Player]

It's almost assured that it will happen, except something very unusual disrupts the Bitcoin circle before then. Next year is halving, it's a price chase from there till 2025. I believe Bitcoin will do above $120k in its next all time high expected in 2025.

Well, but from these levels it would be an X4 or X5, not like changing anyone's life, and even less if you don't want to sell everything.

Stories of this style don't usually stand up to simple mathematical analysis, but the OP's could be real, as between 2019 and 2021 the price went up considerably. His uncle could have made X15 if he bought near the bottom and sold near the top. He could have even sold part of the Bitcoin making a good profit without selling 100% of what he bought.

We will see the future, as I doubt we will have X15 returns in a single cycle. From the current level it would be almost half a million in one cycle. I hope so, but I don't think so.

[Agbe]

In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

I will like when bitcoin is narrow down to farming, that is using the profit making from the farm products to invest on bitcoin and use the capital to continue the farming. I will not advise you to quit farming because farming is one of the important department in the society and human life so don't give up and focus on bitcoin. With farming you can save live. Op you and your family do well. Continue the investment of the both assets

[xSkylarx]

In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

I will like when bitcoin is narrow down to farming, that is using the profit making from the farm products to invest on bitcoin and use the capital to continue the farming. I will not advise you to quit farming because farming is one of the important department in the society and human life so don't give up and focus on bitcoin. With farming you can save live. Op you and your family do well. Continue the investment of the both assets

He must be tired for sure because farming is not easy and he wanted a life with passive income, which for sure he is planning to migrate to other businesses, but it is really true that farming is really important, but we do have our own dreams like quitting our job now and having a business, but the point really of the OP is investing in Bitcoin because they want profit, which is passive and can add up to their capital, but the problem is that they are more focused on profit and not thinking about the risk.

[Agbe]

He must be tired for sure because farming is not easy and he wanted a life with passive income, which for sure he is planning to migrate to other businesses, but it is really true that farming is really important, but we do have our own dreams like quitting our job now and having a business, but the point really of the OP is investing in Bitcoin because they want profit, which is passive and can add up to their capital, but the problem is that they are more focused on profit and not thinking about the risk.

If that is the case, he has to use the modern way of farming or he can still use manual labour ( that is take labourers) to farm for him and while he focus on each new business in bitcoin. Mine is, I don't want him to quit farming because if he quit farming because of bitcoin, he will still buy farm products from the money made from bitcoin so instead he should do the two at once. He can engage himself with bitcoin while his labourers work in the farm for him. How do you see that?

[tabas]

Seems like a good story if it's real. But let's say that this story is for real and these farmers and teacher helped them to form to a cooperative and the one main goal is to invest into Bitcoin. That's a crazy idea honestly and I'd say that these farmers could do it on their own and even if they don't know that thing, forming a cooperative to invest into a highly volatile asset shouldn't be a main goal for forming it. We know that farmers aren't really compensated well and some of them are probably just renting those equipment and land and that's why, the tip that we used to say about investing only what they can afford to lose should always be remembered and told.

And the fact is that farmers in the field do not know anything about crypto and Bitcoin and how risky it is.
This is a very sensitive sector and is related to the main income of farmers.
We may be able to explain what the purpose of bitcoin or crypto investment is, but of course, they will not accept the risks that will be caused.

Only farmers who understand and understand crypto technology are able to implement it, but for most small farmers it is just an investment that can be detrimental.
There are even many crypto projects that want to enter the agricultural sector, but eventually have to stop due to lack of interest from farmers.
Crypto is a fairly risky investment, so anyone who wants to enter must know what the risks are and how to get profits.

Although that's most likely the situation that many of them probably haven't heard of what Bitcoin is and whether it is an investment or something they'll benefit in the future. I'm giving that idea that there could be a very few of them that's aware of its existence since I'm also going into places like remote areas and farms and there's connectivity to those areas that I've been. But you are right about that it's unlikely that many of them will dive into this investment especially if that's all that they've got during the harvest time.

[uneng]

Thanks for sharing your story, this is very interesting. I am curious why you formed a “co-op” with your small society of farmers (and perhaps your teacher as well) instead of just investing on your own? I’m just curious as I’m not sure it’s really needed is it?

I would just make sure you’ve asked yourself what are the advantages and disadvantages of forming such a “co-op”.

I don't know if that is his case, but usually in rural areas the local community compose associations which reunite for councils every week or once a month to discuss local events and parties to be organized, techniques and workshops to teach association's members new skills and expose them to new technologies which are reaching their areas just now.

So with or without Bitcoin these "co-ops" already exist. Maybe what they did was to introduce Bitcoin to their partnerships as an extra element or bonus... Depending the association, people also contribute with a monthly fee, so they could use part of this fee to invest in BTC.

[_BlackStar]

I don't know how likely it is that your story on this topic isn't far-fetched - but I can put that aside and get to the positives only.

Everyone can invest in bitcoin if they have learned what bitcoins are. It is clear that bitcoin can enable investors to earn long-term returns regardless of your educational or work background. But I really find it hard to believe that most of the crop is invested in bitcoin while you need to eat and budget for other needs. Bitcoin investment comes with risks - you shouldn't ignore them so in the end you should only invest what you can afford to lose.

[suzanne5223]

Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons.

No, it's not everybody who invests in Bitcoin does it out of greed since they didn't invest the amount they can't afford to lose. There's a difference between seizing the opportunity crypto presented instead of going against it as some naive people do.

As a human, everyone has greed and when investing, no one wants to lose money.

Yes, but we can't say no one wants to lose money because every person that invested in the crypto market without adequate literally wants to make a loss because the fast way to make a loss in every setting is not knowing the rules of the game and how to go about it. Therefore, there are still some people who want to make a loss.

Many people say they are investing with money they could lose, including you and me. But are you afraid of losing that investment? Definitely yes and you always want to get more out of it. Bitcoin is riskier than many other investments but because its return is very high and all want to risk to get big return to become rich. Isn't that greed?

Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.

[taufik123]

Although that's most likely the situation that many of them probably haven't heard of what Bitcoin is and whether it is an investment or something they'll benefit in the future. I'm giving that idea that there could be a very few of them that's aware of its existence since I'm also going into places like remote areas and farms and there's connectivity to those areas that I've been. But you are right about that it's unlikely that many of them will dive into this investment especially if that's all that they've got during the harvest time.

Traditional farmers are still sticking to the traditional economic axis and are still not interested in investments such as Bitcoin or some crypto projects that are specifically for farmers.
We as active crypto users are certainly aware of this, it is not easy for them to accept new investments because there is no guarantee, and high risks that will arise.

But if you look at modern farmers who already understand the latest technology and how to manage their finances, they might be interested.
This can be done gradually following how crypto develops in each country, because of the constraints of regulations that will be different.

-snip-
Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.

This is a problem that holds everything back, but if there is no clear understanding of how the risk occurs.
Then they will only assume that the risk is very large and there is no profit to be gained.

Behind the risk, of course, there are advantages that can make the farmer's investment grow.
It is necessary to do some research so that crypto investment is suitable for farmers or other business people.

[FinneysTrueVision]

I hope every former is investing their money after understanding the risks as well cause bitcoin prices are highly volatile so there will be unexpected price fluctuations so they should be should be prepared for potential losses or sudden declines in the value of their Bitcoin holdings.

Also, it is important to teach them there is nothing guaranteed when it comes to investments so their risk appetite is enough if they face loss or it will be a burden for them so anyone who is organizing this co operative investment plan should be aware of this not just blatantly invest on bitcoin because someone made money earlier.

There are risks in almost any investment. These farmers could have also lost money investing in Meta and Netflix stock. It is important to try and diversify your portfolio in order to hedge against volatility. Bitcoin is an investment with a promising future. $100k in 2025 is not unrealistic, but our investment strategy shouldn't just be based on what we wish to happen. We must be prepared for all possibilities and make responsible financial decisions.