Is bitcoin best option to invest

[Antonas1]

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future.

I agree with the OP on this point.
Many say here that Bitcoin is the best investment and blah blah praise Bitcoin, it's a little boring. But regardless of how you use Bitcoin, you still need money or fiat to buy it. Where will the money come from? work. Especially if you decide to trade Bitcoin, never risk all of your fiat savings.

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[Dr.Bitcoin_Strange]

Well for me I will not sell my land property to invest in bitcoin but I will use half of the land to get a collateral loan and invest the Loan money on bitcoin, lands are also an investment, in future that 1 piece of land might worth millions of naira but today 1 Bitcoin doesn't worth millions of dollar, it take more than 10 Bitcoin to worth millions of dollar today but we are all hoping for bitcoin to reach that stage when 1 bitcoin can Worth millions of dollars.
If we want to sell some of our properties to invest in in Bitcoin I will prefer selling car or a motorcycle because these things are also a responsibility nowadays, you will have to buy fuel all the time especially now that the cost of fuel in my vicinity is too high.

Yeah, I'm not doubting your decision; it's your money, it's your property, and it's your decision. You chose how to handle everything yourself; so long as you successfully archive your Bitcoin investment, that's all that matters to you, isn't it?

But also, I don't seem to know why you are comparing one million naira to one million dollars. With the current rate of USD/NGN, 2000 dollars is about one million, six hundred thousand naira, which is far less than a million dollars. Despite the fact that Bitcoin is not up to a million dollars, your land can still cost ten to twenty million naira, but it's not close to a million dollars. I have one question: let's say you have five plots of land and you don't have any bitcoin at all. Would you consider it a foolish act to sell one or two plots of your land to invest in Bitcoin?

[Crypto Library]

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future.

I agree with the OP on this point.
Many say here that Bitcoin is the best investment and blah blah praise Bitcoin, it's a little boring. But regardless of how you use Bitcoin, you still need money or fiat to buy it. Where will the money come from? work. Never risk all of your fiat savings, especially if you decide to trade Bitcoin.

Investing requires funds. and if someone wants to invest in Bitcoin then first he has to manage money through job or business or from someone and then invest in Bitcoin. Yes, investing in Bitcoin is very profitable but there is also a lot of risk involved, so I do not encourage people to invest in Bitcoin who do not have extra money left over after meeting their daily expenses. But those who have extra money left after paying all expenses and are willing to invest and accept it knowing the risks of investment in Bitcoin.  So he can definitely invest in Bitcoin but he must hold it for a long time to get any good return of it.

[Popkon6]

Well Bitcoin is not the only investment sector that can be entered. Because there are more other sectors out there. I personally also invest a lot in other things. Especially in my business, which I keep trying to grow to be bigger. Investing in Bitcoin which does have a high risk is certainly not good for us to enter with all of our financial capabilities. We only enter with small money that continues to be stacked regularly (DCA) and we save it for the long term to hopefully get big profits in the future. And well it's not for quick schemes nor is it for quick profits either. But Bitcoin is worth getting into with the money we have. But of course only with cold money and not hot money. Remaining household expenses or from additional income from side jobs and others.

One should never invest with full money in any investment. Because if you want to invest with full money then you can definitely face problems as you have to withdraw money from the invested assets if required. Therefore, we must think about our investment by protecting the family. If you want to invest in Bitcoin, you must invest for the long term. The extra money that the family has to maintain all the expenses should be invested for the long term. Although Bitcoin also has high risk, everything must be accepted.

[Blitzboy]

Well for me I will not sell my land property to invest in bitcoin but I will use half of the land to get a collateral loan and invest the Loan money on bitcoin, lands are also an investment, in future that 1 piece of land might worth millions of naira but today 1 Bitcoin doesn't worth millions of dollar, it take more than 10 Bitcoin to worth millions of dollar today but we are all hoping for bitcoin to reach that stage when 1 bitcoin can Worth millions of dollars.
If we want to sell some of our properties to invest in in Bitcoin I will prefer selling car or a motorcycle because these things are also a responsibility nowadays, you will have to buy fuel all the time especially now that the cost of fuel in my vicinity is too high.

Yeah, I'm not doubting your decision; it's your money, it's your property, and it's your decision. You chose how to handle everything yourself; so long as you successfully archive your Bitcoin investment, that's all that matters to you, isn't it?

But also, I don't seem to know why you are comparing one million naira to one million dollars. With the current rate of USD/NGN, 2000 dollars is about one million, six hundred thousand naira, which is far less than a million dollars. Despite the fact that Bitcoin is not up to a million dollars, your land can still cost ten to twenty million naira, but it's not close to a million dollars. I have one question: let's say you have five plots of land and you don't have any bitcoin at all. Would you consider it a foolish act to sell one or two plots of your land to invest in Bitcoin?

Not everything is about right now. Bitcoin is a big change in the way people think about value and wealth. And you're worried about the exchange rates?

For someone who says they know about money, Im shocked at how blind you are. You are right; land has value on its own. So why Bitcoin? Its the currency of the future, and its causing standard financial institutions to shake to their cores. Anyone who doesnt understand what it means will just be left behind. So, selling one or two plots to get a piece of that future? It sounds like the wisest choice anyone could make.

[Dr.Bitcoin_Strange]

Selling land to invest in bitcoin would be a bad idea if we only have one piece of land and our whole family is living on it. But if we have a lot of real estate and sell a few unused pieces to invest in bitcoin, it is not a bad idea. But the sale of assets should only be thought of when we are not using them. We should not be lazy and thinking that we just sell the property to invest in bitcoin and will make a profit from it without going to work. .

Well, if one has a lot of land or real estate, like you said, then there's no need to sell any to buy Bitcoin. The reason is that if you have more than five estates, you can rent them out, and after renting or leasing them out for some years, you can still acquire a huge amount of money from them to invest in Bitcoin. With my idea of selling some land to invest in Bitcoin, I was only referring to empty land that has not yet been built on, but if one has land and housing on it, then the person can lease it out and use the money to still invest in Bitcoin. In the city where I reside now, there are some locations where you can rent a shop or an apartment for about $10–15k, and if you are that person who has some real estate in a good location, you can rent them out and still invest in your Bitcoin; you must not necessarily sell it.

[MFahad]

Investing is good but selling property to invest nah I don't I think I will advise that for anyone if anything should happen to the market it will definitely affect your investment, I prefer a situation where you use any money that you don't need to invest, one thing I despise is selling off my property, all is about planning and another thing is if you in possession or items you don't need you can sell to invest, and I see that we are on the same page, and depending on bitcoin fully is also not advisable better we have other sources of income so that we don't temper with our investment that is for does that have invested.

Selling one thing to invest in other thing will not make you rich because everything is getting expensive as the time flows so the things we are selling must be needed in future and we will again buy it so why we are in hurry to sell it?

There is nothing useless so try to save from another source of income and avoid selling your useful assets. I always suggest that bitcoin is just a financial way to earn some extra amount of money for you but if we think that by investment in Bitcoin we have found a job then this will be something foolish.

People says that buy bitcoin and you will be a bitcoin investor but its not too easy like people says, there needs years to be a successful investors which means that its not a way of becoming rich in a matter of seconds.

[Raflesia]

Selling land to invest in bitcoin would be a bad idea if we only have one piece of land and our whole family is living on it. But if we have a lot of real estate and sell a few unused pieces to invest in bitcoin, it is not a bad idea. But the sale of assets should only be thought of when we are not using them. We should not be lazy and thinking that we just sell the property to invest in bitcoin and will make a profit from it without going to work. .

Well, if one has a lot of land or real estate, like you said, then there's no need to sell any to buy Bitcoin. The reason is that if you have more than five estates, you can rent them out, and after renting or leasing them out for some years, you can still acquire a huge amount of money from them to invest in Bitcoin. With my idea of selling some land to invest in Bitcoin, I was only referring to empty land that has not yet been built on, but if one has land and housing on it, then the person can lease it out and use the money to still invest in Bitcoin. In the city where I reside now, there are some locations where you can rent a shop or an apartment for about $10–15k, and if you are that person who has some real estate in a good location, you can rent them out and still invest in your Bitcoin; you must not necessarily sell it.

I agree in this case because when owning several property assets is said to be enough to get income from the rental results it shouldn't really matter if they don't sell it because they can still invest from the profits earned from the rental and investing in bitcoin is a good addition as an option for them to increase their income.

But on the other hand if they really want to sell some properties to increase profits more because it is considered still lacking then it is also not a problem because in the end all their decisions must be aware of the consequences and they know that.

[BRINIRHA]

Well Bitcoin is not the only investment sector that can be entered. Because there are more other sectors out there. I personally also invest a lot in other things. Especially in my business, which I keep trying to grow to be bigger. Investing in Bitcoin which does have a high risk is certainly not good for us to enter with all of our financial capabilities. We only enter with small money that continues to be stacked regularly (DCA) and we save it for the long term to hopefully get big profits in the future. And well it's not for quick schemes nor is it for quick profits either. But Bitcoin is worth getting into with the money we have. But of course only with cold money and not hot money. Remaining household expenses or from additional income from side jobs and others.

You are right that Bitcoin is not the only sector we can invest in. I think if someone can invest in Bitcoin then it can be a profitable investment for him. If one invests his entire capital in Bitcoin, he has to bear the risk of loss. You are right that we should invest with small amount and using DCA method, and most importantly our investment should be long term. One cannot get profit from Bitcoin investment in days or months, and it is not a shortcut to get rich. We should always invest money that is more than we need and in case of loss our daily life is not affected. However, we have a lot of faith in the cryptocurrency market, and Bitcoin in particular, where we can make good returns by investing.

Correct. When we choose to invest in a sector, of course we have done a long research or analysis first. And when we have found good potential for the future and this potential has succeeded in convincing us, then we can start investing with the money we have prepared appropriately. If we have 100% capital and we have 5 sectors we want to enter. Then we can divide it by investing more in one of the sectors with the least risk and we invest the rest in the sector with the highest risk. The division of investment capital based on the risks that we know is actually quite effective in keeping our own psychology in this regard.

And for Bitcoin because it has a high risk, we must invest wisely, namely with reasonable limits. Or as many people say, money that we can afford to lose. We may see many large companies accumulating large amounts of bitcoins. But know what they spend on bitcoins may actually only be 1 - 10 % of their total wealth assets.

[Popkon6]

Selling land to invest in bitcoin would be a bad idea if we only have one piece of land and our whole family is living on it. But if we have a lot of real estate and sell a few unused pieces to invest in bitcoin, it is not a bad idea. But the sale of assets should only be thought of when we are not using them. We should not be lazy and thinking that we just sell the property to invest in bitcoin and will make a profit from it without going to work. .

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It is unfair to sell something because what we sell may be needed in the future, because people are always looking for sources of income. Because what you sell will definitely be needed in the future, so if you have land or any assets, invest in Bitcoin with the money you get from leasing or mortgaging them. Bitcoin is an additional source of income that people can use to become self-sufficient. You can use bitcoins alongside your business or job which will help you earn extra income. One should never think of investing by selling house or property or car.

As I have invested some amount in Bitcoin by raising money through leasing, rather than selling my property myself. And my investment has given me success, so it is better not to think about selling one's property.

[xSkylarx]

Well Bitcoin is not the only investment sector that can be entered. Because there are more other sectors out there. I personally also invest a lot in other things. Especially in my business, which I keep trying to grow to be bigger. Investing in Bitcoin which does have a high risk is certainly not good for us to enter with all of our financial capabilities. We only enter with small money that continues to be stacked regularly (DCA) and we save it for the long term to hopefully get big profits in the future. And well it's not for quick schemes nor is it for quick profits either. But Bitcoin is worth getting into with the money we have. But of course only with cold money and not hot money. Remaining household expenses or from additional income from side jobs and others.

One should never invest with full money in any investment. Because if you want to invest with full money then you can definitely face problems as you have to withdraw money from the invested assets if required. Therefore, we must think about our investment by protecting the family. If you want to invest in Bitcoin, you must invest for the long term. The extra money that the family has to maintain all the expenses should be invested for the long term. Although Bitcoin also has high risk, everything must be accepted.

Always invest what you can afford to lose. Just imagine the money that was intended to be invested and think that if ever that money is lost, are you still able to survive and continue to live, or will it ruin your life and force you to take out a loan or sell your house? Always not give 100%, even if you think that it is a sure investment. That is to be defensive because if you lose, you'll be down hard and it will be hard to get up. That is why you should always think that you will invest only what you can afford.

[Bd officer]

Always invest what you can afford to lose. Just imagine the money that was intended to be invested and think that if ever that money is lost, are you still able to survive and continue to live, or will it ruin your life and force you to take out a loan or sell your house? Always not give 100%, even if you think that it is a sure investment. That is to be defensive because if you lose, you'll be down hard and it will be hard to get up. That is why you should always think that you will invest only what you can afford.

Investments should be made according to affordability. It is heard that some people want to invest in Bitcoin by taking a loan from a bank, but investing with a loan from a bank is not the right move. The best option to invest is, if one has a deposit, it is better to invest Bitcoin with that money. However, it is not advisable to invest the entire amount in Bitcoin. It is not right to invest while unemployed, if he loses money in the investment he will become destitute. It is best to invest in bitcoins along with employment.

[Luzin]

~snip~
or will it ruin your life and force you to take out a loan or sell your house? Always not give 100%, even if you think that it is a sure investment. That is to be defensive because if you lose, you'll be down hard and it will be hard to get up. That is why you should always think that you will invest only what you can afford.

In the period of increase Bitcoin is indeed better in profit calculation when comparing with Gold. But I agree investing within the limits of ability is the best option. Because the status of Bitcoin until now is still being debated. There are two parties that support and oppose, because the Bitcoin system is Decentralized. This is contrary to the government system because the government cannot control. This is in contrast to Gold which has been recognized by the whole world as a valuable asset. So investing smartly always pay attention to the situation, risk to keep us alive and have reserve funds.

[Lorence.xD]

Always invest what you can afford to lose. Just imagine the money that was intended to be invested and think that if ever that money is lost, are you still able to survive and continue to live, or will it ruin your life and force you to take out a loan or sell your house? Always not give 100%, even if you think that it is a sure investment. That is to be defensive because if you lose, you'll be down hard and it will be hard to get up. That is why you should always think that you will invest only what you can afford.

Investments should be made according to affordability. It is heard that some people want to invest in Bitcoin by taking a loan from a bank, but investing with a loan from a bank is not the right move. The best option to invest is, if one has a deposit, it is better to invest Bitcoin with that money. However, it is not advisable to invest the entire amount in Bitcoin. It is not right to invest while unemployed, if he loses money in the investment he will become destitute. It is best to invest in bitcoins along with employment.

First thing is that Bitcoin is volatile, so it changes it's value time to time which mean it also involves risk that doesn't guarantee you profit. So once you loan just to invest in Bitcoin, it might just worsen your situation that cause you in debt. Imagine you invested your income then suddenly lose it instant then compare it to a loan money that you enter the market right which one is worse? If you're planning to hodl for long what will happen for your needs? Invest if you only have the money that can sustain your needs plus extra money. As you said it's not the best move to invest if you don't have any money sources, that's actually right because those money would just go straight to your essential needs so why bother investing your money.

[tw0.625]

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

There are numerous investment opportunities available, and while many people view Bitcoin as the top choice for investing their money, I personally don't see Bitcoin as the ultimate investment plan. It's important to address the misconception that investing in Bitcoin guarantees instant wealth. I believe we should work to shift people's mindset regarding Bitcoin investment, ensuring they don't rely solely on it to achieve the riches they envision. It's worth noting that many Bitcoin investors don't solely rely on it as their primary source of income. They often consider it a supplementary income stream. It's crucial to dispel the notion that Bitcoin is a quick path to riches. Overcommitting to Bitcoin and subsequently experiencing losses can lead to serious consequences, including emotional distress.

So buy 2.625 Bitcoin. And keep working hard to reach top 0.1%

[legendbtc]

Always invest what you can afford to lose. Just imagine the money that was intended to be invested and think that if ever that money is lost, are you still able to survive and continue to live, or will it ruin your life and force you to take out a loan or sell your house? Always not give 100%, even if you think that it is a sure investment. That is to be defensive because if you lose, you'll be down hard and it will be hard to get up. That is why you should always think that you will invest only what you can afford.

Investments should be made according to affordability. It is heard that some people want to invest in Bitcoin by taking a loan from a bank, but investing with a loan from a bank is not the right move. The best option to invest is, if one has a deposit, it is better to invest Bitcoin with that money. However, it is not advisable to invest the entire amount in Bitcoin. It is not right to invest while unemployed, if he loses money in the investment he will become destitute. It is best to invest in bitcoins along with employment.

First thing is that Bitcoin is volatile, so it changes it's value time to time which mean it also involves risk that doesn't guarantee you profit. So once you loan just to invest in Bitcoin, it might just worsen your situation that cause you in debt. Imagine you invested your income then suddenly lose it instant then compare it to a loan money that you enter the market right which one is worse? If you're planning to hodl for long what will happen for your needs? Invest if you only have the money that can sustain your needs plus extra money. As you said it's not the best move to invest if you don't have any money sources, that's actually right because those money would just go straight to your essential needs so why bother investing your money.

In my opinion, we should only consider investing when we have savings, have money to spend every day every month and only invest with the remaining money and of course that's the amount we can lose. If a person does not have a stable source of income, and is still having difficulty in providing daily meals for his family, he should not rush to invest. Investing in bitcoin has real potential but it shouldn't take precedence over our savings or our family's needs.

[Gulttam2a2]

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Everyone has their own mentality. If you don't have courage you will never succeed in any investment. In that case there is a long wait after investing in Bitcoin so many people get impatient but those who are patient will benefit later. Bitcoin is the best investment in this currency. Almost people all over the world know about Bitcoin. You can easily change the mindset of those who are new to Bitcoin investment but how do you change the mindset of those who have proper knowledge about Bitcoin? Yes you are right there are many people who don't rely on Bitcoin they are running their other business as well. There are also many people who have invested everything in Bitcoin. But I haven't heard or seen any bad side of Bitcoin till now. If you want to invest online then I will tell you to invest in Bitcoin. There is no other better than this. You can also invest here with a part of your monthly income. And if you are scared to invest in bitcoin you can invest in other areas like you said business,importing,exporting etc. But in my opinion Bitcoin is better for long term investment. And we can catch it as a site business. In my opinion investing some money from your savings in Bitcoin will not cause any loss in future.

[Honyek]

Investing in bitcoin is not something one can do without being watchful. One has to know when to make investment and when not to, to avoid losing money. As it is, the price of bitcoin fluctuates, but there are times when the price is more likely to rise, for example, after the bitcoin halving. Mostly, if one makes a long-term investment, the end result is usually positive. All in all, any bitcoin investor should be watchful.

[WillyAp]

Every investment in values like stocks, Crypto have cycles.
No one would occur to buy Tesla stocks and sell those the next week 'cause a payment comes up.

Investment is when you have spare money and let that work for you.
Unfortunately financial education is no prerogative for having values, some religions teach it though.

In crypto or specially in Bitcoin with the value of one bitcoin invested in a Burger Shop in a smallish City most likely brings better returns in Cryptowinter.

Online projects can lift off with as little as 0.4. All depends on your idea and your networking. 
 

[Yatsan]

Investing in bitcoin is not something one can do without being watchful. One has to know when to make investment and when not to, to avoid losing money. As it is, the price of bitcoin fluctuates, but there are times when the price is more likely to rise, for example, after the bitcoin halving. Mostly, if one makes a long-term investment, the end result is usually positive. All in all, any bitcoin investor should be watchful.

No matter what chances there is, we have no assurance of the market price behavior 'coz it is dependent with demand and demand on the other hand is affected by many factors. Never be too confident.

Also to those who are too optimistic in Bitcoin as an asset or investment. Definitely it is not the best to engage to. There are other alternatives and that depends on your preference as an investor. Pehaps you are bot confident with high volatility. There are properties, gold, and other assets having a potential to have higher market price in the future. Problem with some investors are not gauging the risks and circumstances. They're only focused with the profit but not with the risks.