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Author Topic: What I did just to invest in Bitcoin.  (Read 344 times)
Darker45
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November 06, 2023, 04:41:25 AM
 #21

I wish you the best. What else can I say? You've already sold the land. LOL!

Although this may likely prove to be a good decision in the end as far as ROI is concerned, what you did could have caused you so much, even your life. That was wise as far as putting the money in Bitcoin was concerned, but that wasn't wise as far as selling what's not entirely yours is concerned. You could have been arrested for selling what also belongs to your relatives. Worse, you could have gotten yourself shot or your head chopped off because you're like stealing what also theirs.

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November 06, 2023, 05:02:32 AM
 #22

Investing in Bitcoin is not prohibited, but you should really think about what you're doing. It's not far from borrowing money to invest in Bitcoin... yeahh, it's not far from that because it's not your own money you're using.. it's your family's money. It's understandable if your family feels pressure and panic when they hear about what you're doing without prior agreement. Moreover, Bitcoin is not an investment you should stake your life on. It's highly risky and quite bold.

Having confidence in Bitcoin is great, but you should also be wise in choosing the money that's suitable for buying Bitcoin. Family property is important, especially if it's the only significant asset. You should also consider your family's feelings. They shouldn't have to feel worried due to your selfishness.
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November 06, 2023, 05:03:34 AM
 #23

It seems that you are too ambitious to do anything to invest in Bitcoin.
Whether or not your story is true, it was foolish to sell your family's land without their permission.
After all, land is communal property, but if the land certificate belongs to you, it won't matter, but it's still a stupid act.

Don't justify such actions just to satisfy your desire to invest in Bitcoin.
Starting an investment in Bitcoin does not require selling family land.
Guess how much I invested at the beginning when I learned about Bitcoin.
I even only set aside $50 to make my initial investment, because that's all I could afford.



And look at the advice given by @philipma1957's grandfather, just sell it if it's profitable and return the land money in full.
And selling land is not that easy, there is a legal process that goes on.

-snip-
So just sell back most of it and give them their money. You already turned a profit.
BTW you lied to your family I do not know how the land was held or the laws of your area (county) but it almost sounds like you did a crime.



-snip-
I have been abused several times but I don't care because I know the money is safe and never lost.
And the part that makes me laugh is, you said that the money is safe and will never be lost.

You need to relearn how crypto works, there are many scammers lurking around, and they could take over the wallet.
No one will guarantee that the money is completely safe, you have to pay attention to that and be vigilant.

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November 06, 2023, 05:04:29 AM
 #24

About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
 

Lol! You are stupid af!

Like Bitcoin, land is also an excellent investment and it is also Limited in quantity. If your land is located somewhere in a remote area, that's fine. But if that parcel of land was located in an urban area, you have probably lost your chance to become a millionaire by now.

Bitcoin works well in long term. So the goal of the investors is to average out the buying price. What I understand you have not done that and purchased bitcoins in bulk at a single price point.

Your family members have all reasons to be mad at you!

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November 06, 2023, 05:26:04 AM
 #25

You can either be a Hero or you can go to zero with this decision, because this is something that are VERY risky. So, if the Bitcoin price goes to a new ATH (All-Time-High) you can sell them and buy back the land and also show a huge profit... or the Bitcoin price can crash and you will be seen as public enemy number one.  Tongue

I think you made the wrong decision at the correct time, because all indications are that the Bitcoin price will be going to $100 000+ soon. I hope these predictions are correct and that you will be the hero in your story.  Wink

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November 06, 2023, 05:46:39 AM
Merited by fillippone (1)
 #26

Snip~
OP, investing in Bitcoin is much better as you can earn a lot of profit in future. But you have sold your family land and invested in Bitcoin which is not right at all, the land is not yours but your family members will also get share. Apart from this, there is a lot of profit in the land, the price of the land is increasing day by day. Investing in Bitcoin is risky, you may experience losses. If you lose money due to investment damage your family members will take you under the law. You said you sold the land to go abroad, you should have gone abroad to build your career. If you were to go abroad you could easily pay back the land value to the family and you could save, much better to invest in bitcoins with the saved money. It's not that if you can't invest in Bitcoin now, you won't be able to invest in Bitcoin in the future. However, you have invested, now try to convince your family about Bitcoin. If your family doesn't understand, you can sell the investment and return the land value to your family.

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November 06, 2023, 05:54:04 AM
 #27

About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
 

Wow, that's one hell of a story. First and foremost brother, you shouldn't beat yourself because things didn't work out the way you expected or wished it should've gone, you failed to go into Bitcoin doesn't mean there wasn't a reason.
With what you heard about Bitcoin giving people financial freedom, is true but it doesn't mean what works for others will definitely work for you, that's where you got it wrong. You can start investing on Bitcoin and things might go bad for you in the line of investment, desperation can make you make that wrong call just because you want to be like others who made it through Bitcoin.

You have a family that doesn't see investing in Bitcoin is worth it not that is bad in going into the crypto world but they choose not to be interested and you can't force anybody to do whatever you want just because you have interest for it, life is a choice brother.
You said you are the educated one and they're not but you still want to force them to do what they don't want to do, too harsh. And I like that you're eager to invest on Bitcoin and you can go to any length just to get it done but where the problem lies is selling your Family property just because you're desperate in starting an investment on Bitcoin.
When you're Investing in Bitcoin or any other investment is not all about the profit aspect you talk about, you lose some and you gain some, because you put it to yourself that you MUST do it, went to sell your family land behind them all to start up your investment, haven't you thought about the negative side of it? What if things didn't go as planned what excuse would you give your family members?
To me your action was selfish.
When you getting into any Crypto business, is best you use what's yours so that if anything went wrong it's on you and nobody to blame you for it or ask you for refund. Borrowing too is not advisable to start up any form of investment.

R


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November 06, 2023, 06:34:53 AM
 #28

Do you know how stupid this sounds? The step you took is very annoying and you could end up paying big for it, what if you lost access to that Bitcoin? Just make sure you keep the keys safe and let me tell you a thing about family properties, even if the Bitcoin brings higher amount of gains in the future, the step you took to acquire it will never be erased, even your kids will get to know about it, and my question is can you be proud enough to tell your kids about this? If you child come to your face and tell you that he want to sell the family land to invest how will you feel?

If anyone isn't telling you the truth on here I will, you messed up pretty badly, you should have use something that belongs to you to invest in Bitcoin, even if it's your parents it will be better, but family? That's crazy, if you are from a family that consists of less discipline people they will start feeling entitled to everything you made using the family land, why? Because it's like you just helped them all, you risk their property, so whatever you made from it belongs to all of you.

Sigh, I am annoyed because I have parents that owns lands and properties and there have been some encounters in the family that involves in lands and it was very bad, till this day some part of the family had to split apart because of this, so I have some experience that's why I am telling you what to expect from their decision of yours, good luck.

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November 06, 2023, 06:43:59 AM
 #29

~
I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
Well, congratulations because you sold the land that your family own, and then you used it to buy Bitcoin which is you only own yourself now. Talking about you being selfish, but if the profit that you will get will be shared to your family then I guess there's nothing wrong.

I don't blame you though because I know the feeling that you want to invest into Bitcoin hoping that you can get profit when the bull run comes. The adrenaline inside of you is too much that you made a wrong decision - that is to sell your family's land, then bought some Bitcoin. I've seen some members here who did the same as well. They sold their land, invested into Bitcoin and doubled or even tripled their money. That is because they invested at the time where Bitcoin is at it's lowest. As for you OP, Bitcoin has doubled already since it's recent ATL of ~$17,000. I'm not saying though that it will not go up anymore, but I just hope that your decision will give you better results.

Also take note that in investing, there's no such thing as "SAFE" and "NEVER LOST" because anytime you can lose your money especially if you made wrong decisions.

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November 06, 2023, 07:30:48 AM
 #30

Why in the world don't you newbie investors do your research properly before investing in this extremely volatile market? Are you prepared to lose all of that money? I doubt it since you mentioned it was blood money which is why you took a crazy risk here.

If you earn profit thanks to BTC surging later, the risk would have been worth it. However, if you lose your stash thanks to BTC falling drastically, you will regret it badly.

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November 06, 2023, 07:50:40 AM
 #31

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I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
Well, congratulations because you sold the land that your family own, and then you used it to buy Bitcoin which is you only own yourself now. Talking about you being selfish, but if the profit that you will get will be shared to your family then I guess there's nothing wrong.

I don't blame you though because I know the feeling that you want to invest into Bitcoin hoping that you can get profit when the bull run comes. The adrenaline inside of you is too much that you made a wrong decision - that is to sell your family's land, then bought some Bitcoin. I've seen some members here who did the same as well. They sold their land, invested into Bitcoin and doubled or even tripled their money. That is because they invested at the time where Bitcoin is at it's lowest. As for you OP, Bitcoin has doubled already since it's recent ATL of ~$17,000. I'm not saying though that it will not go up anymore, but I just hope that your decision will give you better results.

Also take note that in investing, there's no such thing as "SAFE" and "NEVER LOST" because anytime you can lose your money especially if you made wrong decisions.

If it were his land, I would support him because sometimes we need to make trade-offs to achieve greater success. But if that property involves many other people then I think OP's actions are stupid and greedy. How would you feel if someone took your money and invested it without consulting you?

Furthermore, if investing in bitcoin easily doubles or triples profits, I think everyone should do what OP did. We don't need to work hard, we can sell everything and invest in bitcoin. Then we will have 2 to 3 other houses and a huge fortune. Are you doing what the OP did?

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November 06, 2023, 08:06:05 AM
 #32

About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
 

Selling land and buying Bitcoin might be a good idea depending on your situation. A better solution according to me to sell half land and then invest that money in different crypto coins. This way , you wi also have the cushion of safe investment in land which can also grow at stable good rates.
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November 06, 2023, 08:16:25 AM
 #33

Some will agree with the action that you did, while some might not agree with it. For them land is more valuable, whereas some will say Bitcoins are good for investments, as it will give good amount of profit in short amount of time. If you ask me then for making profits in shorter period of time, yes it is a good decision. But at many places Bitcoins are not legalised yet. Hence this can be said land has more value in terms of legal movements.

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November 06, 2023, 08:32:05 AM
 #34

About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
 
There are really things in life on which we should really be needing to make out some sacrifices for us to be better or getting that kind of opportunity on which we do really let ourselves do looks bad for that kind of possible benefit. We do know that we cant really be able to move forward if we wont really be making out such risks even we do know that it is really that something that could affect out in overall relationship specially into your family. They would really be having that kind of course on which selling out some land for Bitcoin? They dont even know on what it is on which it would really be that normal that they would really be totally against it. Good thing that you had made out some decision that you have lied and telling that it is for other purpose because if not then you wont really be able to successfully be able to invest on.

Now that the investment result or risks that you have done turns out to be positive, Then it is really that for the good of all. They would  all benefit it out and its really something that might
cause for them to show some interest on investing on Bitcoin or would really be knowing about cryptocurrency just because they've seen something positive on what you have done.
For sure they would really be that having those doubts that they have been that skeptical wayback but since its a secret then they would really be blaming you that
you didnt tell them about it.  Cheesy
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November 06, 2023, 08:46:37 AM
 #35

Do you know how stupid this sounds? The step you took is very annoying and you could end up paying big for it, what if you lost access to that Bitcoin? Just make sure you keep the keys safe and let me tell you a thing about family properties, even if the Bitcoin brings higher amount of gains in the future, the step you took to acquire it will never be erased, even your kids will get to know about it, and my question is can you be proud enough to tell your kids about this? If you child come to your face and tell you that he want to sell the family land to invest how will you feel?

That's the problem with desperation, you don't think straight and it has to be with newbies that only see the positive side of investing on Bitcoin and the knowledge isn't there but with the little they know, they think they know it all. And family property that you know is not for one person is very bad to put it upon himself to sell.
The OP made a decision that he thought would favor him, fine it will but how can he pay back for what will happen after selling the land? What if in the nearest future the family wants to sell the land to save someone's life or something urgent to help the family?
If the land is not there and everything went bad in the investment, OP would live in regret and he can't change the hands of time.

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November 06, 2023, 12:39:44 PM
 #36

I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land.
If I am a member of your family, I will also be very angry at you first because of the deceitful means you have used in making we the members of your family allow you sell the family land. And also because of that, Say I am a member of the family that has no knowledge of bitcoins, I will also find it difficult to see any investment in bitcoins you have made as true because you lied already in the first place. If I a member of your family who have knowledge of bitcoins, I will not give you commendations for your actions to invest in bitcoins.

Return back the money for the land back to your family immediately you are able to make profit from it.

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November 06, 2023, 01:40:38 PM
 #37

I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land.
If I am a member of your family, I will also be very angry at you first because of the deceitful means you have used in making we the members of your family allow you sell the family land. And also because of that, Say I am a member of the family that has no knowledge of bitcoins, I will also find it difficult to see any investment in bitcoins you have made as true because you lied already in the first place. If I a member of your family who have knowledge of bitcoins, I will not give you commendations for your actions to invest in bitcoins.

Return back the money for the land back to your family immediately you are able to make profit from it.
I really dont know why that person would you trade his/her family land just to have a money to invest in bitcoin? the land itself is one of the major investment nowadays, If I were his family member, I'll be upset too because of what he did, selling the land without giving the real reason why. In fact, Investing in bitcoin is very risky due to its volatility, there's no certainty when its price goes up and down unlike the value of land, It appreciates from time to time. For me, It's better to invest in bitcoin if you have your own money to use, not from the money came from the property of your family that you've sold.



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November 06, 2023, 01:48:01 PM
 #38

The OP has really progressed since the last time he wrote his story, from spending 10 years trying to figure out Bitcoin, to overnight deciding to sell some land and invest in Bitcoin. Now he supposedly has a problem with his family because of that, but if the land is his (and if he sold it, then I guess that's how it is) then what is there to justify to anyone for what he did?

Let's put all that aside and say it's irrelevant - I'm just interested in where the OP keeps his private keys, because if he does it the wrong way, he might be surprised one day and conclude that it would have been better if he hadn't sold the land, because the land is still much harder to steal than Bitcoin, right?

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November 06, 2023, 02:31:14 PM
 #39

About one or two months ago I created my first thread about my regrets for not not getting into bitcoin on time when I was first introduced to it by my friend many years ago.
And how I have made a decision to start my bitcoin journey because I now realized I made the biggest mistake of my life back then. Before my very eyes I have seen bitcoin turn the life of people around and gave them financial freedom.
I must say the truth since I made that first post I didn't just feel relaxed. Firstly I went ahead to read the bitcoin whitepaper to have a full knowledge about what bitcoin was all about. And I was glad I read that whitepaper. After that I took some drastic actions to make my first bitcoin investment. I did something which is making everyone around angry and he complaining bitterly about that. I sold our family land and used the money to invest on bitcoin. Initially I told them I want to sell the land and use the money to travel abroad. If I had told them I wanted to invest it in bitcoin they wouldn't have allowed me sell the land. I have tried educating them about bitcoin but they were not just interested to listen to me as they are all illiterates. Now the truth has finally come out and everyone is on my neck to get back the money. I told told them I invested the money, they thought I have spent the money on women and other things. I have been abused several times but I don't care because I know the money is safe and never lost. I understand that in everything good there must be some challenges and set backs. My resolution to invest in bitcoin is final and there is nothing anybody can do about it.
 
i'm sure there are many people out there who were rejected by those closest to them because they told them the idea of Bitcoin, they didn't get that trust, so keep the enthusiasm for those who tirelessly introduce bitcoin to this world, especially to the people closest to you, i know what you feel and to be honest it won't be easy especially when you give them knowledge about bitcoin sincerely but they don't listen to it because they afraid of being deceived by investing in bitcoin, but you also have to be able to consistently convince yourself to stay in bitcoin, don't give up because you think bitcoin is not profitable at all, look at how the price of bitcoin fluctuates, if you are wise then you can take advantage of the moments of these price fluctuations to make a profit.

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November 06, 2023, 02:47:52 PM
 #40

I don't support you for selling your family land to invest in bitcoin. For want you have done, you two risk in the investment of bitcoin. The number one risk is your family because the angry ones can use diabolical means to kill you, so by selling the family is a serious risk you have taken. Then the last risk is bitcoin investment. Now that you sold the land to invest in bitcoin how long are you hodling the coins? You have to understand the precautions from the both side before taking a decision which will not affect you. Family land issue should be handled with care.
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