Only Sell what you don't need.

[Lida93]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

[1715203483]

1715203483

[1715203483]

1715203483

[Upgrade00]

There so many complexities when it comes to investments that one should avoid making general statements on it. Financial situations are different, properties are also held and valued differently depending on what part of the world you live in.

The general advice is to only invest what you can afford to lose, it's up to the person to decide what they can afford to lose based on their current financial situation and act accordingly.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Again, there is no straightforward solution so this may not be necessary depending on the circumstance around the sale of the property.

[Rockstarguy]

Thanks op for this thread,  I have also read about stories people claimed to have sold their properties to invest in bitcoin. What I have to say is that instead of selling every asset to invest in bitcoin it is better to still have these asset and also try to make bitcoin another asset add to the existing ones. Investing in Bitcoin is good thing, but when planning to sell other properties to invest in bitcoin one really needs to think to be sure if the property really needs to be sold out not just because of they feel to invest in bitcoin. When it comes to investment people needs to apply wisdom to think thoroughly not to make mistakes that will lead to regrets in the future.

[traderethereum]

They may have other considerations about selling their assets, such as land.
But it's best not to sell assets in the form of land to invest in bitcoin.
They should invest using the money they can afford and keep their assets. It will increase the number of its assets with bitcoin in its asset list.
But if they are confident in their decision to sell the land and use all or half of the money to invest in bitcoin, they can do it. But they should consider it first so that there are no regrets in the future.

[Lida93]

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Again, there is no straightforward solution so this may not be necessary depending on the circumstance around the sale of the property.

Yeah I agree the circumstances surrounding the sale of the land might differ promoting a different risk approach by the owner but as a new investor with that money from the sales of the land as the only capital in hand IMO it's irrational to nosedive with all the money at ones in bitcoin Investment  or any other sort of Investment no matter what the circumstances could be looking like.

There should always be a step by step Investment approach for a capital that is the only money at hand, with the result of every step made  you're clear and confident on what step to take next. In business the response we give to any circumstance is what matters most and not the circumstance itself.

[Awaklara]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

This is a reason that should be held close to anyone seeking to sell their assets to invest in Bitcoin. If I'm not mistaken, someone previously shared their story regarding selling a car to buy Bitcoin here, but I forgot a bit.
maybe it will be inspiring for other investors, or even new investors who are very interested in stories like that. What is certain is that in essence what is being done is investment. whether it's real assets or Bitcoin. Still, don't sell the assets we use, use assets that may not be very productive or that we don't really use.

[Richbased]

Overtime a tell people not to only be too attached to one investment and at a time one starts making good profits from his investments, the goal should be to invest in other asset that will still be sustainable should Incase the one you give all your trust doesn't turn out well in the future so that you can be able to have an alternative investment to fall unto though selling some of your asset to invest on the one you give more priority isn't bad but let it be that you've also got some other asset left.

In life we take risk all the time so to me I don't really see it as a bad idea if one decides to sell off an asset to invest on bitcoin though it's future isn't certain but a volatile asset like Bitcoin is worth selling other asset for and buy bitcoins, investment shouldn't be done with emotions as if one invest with emotions then some certain investment goals may not be achieved.

[Marvelman]

Using money from selling a property to buy Bitcoin and more land makes a lot of sense. You can spread around the risk but still leave open the chance to make good money if Bitcoin or the land goes up in value. It's smart thinking.

Personally, I do not own any property that I could sell to invest in bitcoin. But if I had to make such a decision, I would probably think along similar lines. At the end of the day, you gotta decide for yourself what to do with your money. But if you know the risks and diversify so you got some eggs in different baskets, you put yourself in a better spot to earn well and keep steady and more ways to win.

[Doan9269]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

In every steps or decision we are taking, we must always apply wisdom, it's not about Investing in bitcoin that marks the end of poverty but what we understand by any of our decision to make an investment in it, making an investment is by choice and chance, we can't afford to sell what is giving us profit to invest on bitcoin when we don't have any backup for sustainability as our source of income, this kind of a decision is what makes some people to sell when they can't bear to hold any longer, we can learn to earn instead of selling properties to invest in bitcoin.

[hd49728]

Invest what you can afford to lose. If you are ready to lose money that you get from selling your property like land, you are free to do it. You are ready to take risk but taking risk does not always bring profit. You have to think of what you will have left if all the money lost in that investment. Have part of your money to use in that case must be one of conditions before taking such risk.

Someone can go hardcore like this family but I don't recommend it, it is too risky.
How this family survived 40 countries living solely off bitcoin for four years

[Kelward]

First I'll like to differ on the popular saying on this forum that we should only invest what we can afford to loose in bitcoin. I think that we should change that mindset, because it degrades bitcoin, like it's something that is not worth investing a substantial amount on. Among cryptocurrencies, bitcoin, stands out as a top valued asset that guarantees ROI for investors. So don't use the amount that you can afford to loose to invest in bitcoin, use a substantial amount from the capital that you have mapped out profitable long term investments. It's true that bitcoin is volatile, but if you invest on a long term, you'll meet ATH and bull runs, to multiply your capital and you can cash in at anytime, no restrictions.

[Zanab247]

I have some thing like this in mind to sell my land and invest the money on BTC and hodl for the price to increase higher before I can sell to make a good profits, but with this your orientation, I don't think I will invest all the money on BTC if I sell the land because, some thing can happen to my BTC wallet that will make my efforts to be in Vail. Many people are rushing me with huge amount of money about the land base on the land is an open place, and they are ready to buy it with any amount of money I want to sell the land but I want to get another place where I can use small amount of money to buy another land and invest the remaining money on BTC and, this your trend resent my mind now.

I believe the two investments will surely bring me a good profits in the future because, the land will appreciate in 10 years to come and, the BTC price will rise higher in 5 years to come to allow me to achieve a good profits that will give me more confident to increase my capital.

[lovesmayfamilis]

I think that selling something from home is already a bad trait. If you do not have additional income that can be invested and you are not afraid that at some point it may be lost, then it is better not to rush into investments. Selling real estate, I would say, is a mistake to make, as real estate is already considered an investment that has grown over time. Selling little things makes you smile. If you don’t have extra money, you shouldn’t take off your last clothes; investing pennies will still not make you richer.

[kentrolla]

Those are extremely decisions but unfortunately some people who have sold their properties or land to invest into Bitcoin in the past were the ones without any alternative as they just put their last dime on into it. Not only specific to crypto but it's a common sense that one shouldn't bet their basic necessities for anything and it has to be a calculated risk every rather blunders like investing everything and getting into debt. I have know some fools taking bank loans and investing into Bitcoin assuming they would get the capital back before they pay their first EMI but things turned ugly. FOMO is the reason why people end up being vulnerable like this.

[Majestic-milf]

I think that selling something from home is already a bad trait. If you do not have additional income that can be invested and you are not afraid that at some point it may be lost, then it is better not to rush into investments. Selling real estate, I would say, is a mistake to make, as real estate is already considered an investment that has grown over time. Selling little things makes you smile. If you don’t have extra money, you shouldn’t take off your last clothes; investing pennies will still not make you richer.

I quite agree with your viewpoint because if you actually look at it, selling off your land to buy Bitcoin is like selling off one promising investment to engage in another profitable but highly risky one. Land appreciates over the years and if you are impatient to sell just because you may have heard the profits attached to Bitcoin investment, if cares not taken you can sell off your Bitcoin when price doesn't appreciate and as it is a very volatile coin, there's the possibility of it experiencing lows which can discourage who doesn't have the courage to hold.

[cryptoaddictchie]

This is mainly applicable to extra property or let say funds. Since the value of land also increases in due time as its belong to real state investment. Its quite risky to put that into speculative coin like bitcoin and ending up being sold fully and lost that property. Might as well gamble your extra fund than your property for me.

[Nwada001]

We all have our different opinions about etwas. I have always been of the opinion of not selling anything at all in regard of wanting to acquire Bitcoin, that's a wrong decision to take, too much of everything is bad and that's where addiction comes in. There are people who are also investmentaddicts. They are so obsessed with bitcoin, up to the extent of not even caring about their health. 
 
If you are in real estate or you have some sort of business that you do to earn more, when you invest in landed property or in whatever the case maybe, the capital is not what we should joke with, and the investment turns out to give you a return, which is good. Selling such is not a bad idea, after all, that was the purpose for the property: You invest in it to make profit, and you can also decide to change your investment decision, which is totally fine. 
 
But in regard to those who sell off their cars when they have only one and the need for the car is very essential to the family, they sell off their family house and invest the money in bitcoin with the hope to get a higher return back. Those set lack good financial management, the risk they are taking is higher than the return they might get, their are some kind of risks we take and the properties we lose as a result of that becomes hard to reclaim in the future.

[Nheer]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Some people don't realise that every asset they own, whether current or future, has a purpose, and that every investment has benefits of its own. As a result, selling one asset to buy another doesn't always make sense, nor does it make sense to leave a particular investment to participate in a different one. In my view, it is not ideal to sell off a land to invest in bitcoin because the two are distinct entities with various values that are each advantageous in their own unique ways. Applying caution while selling a property to invest in bitcoin is essential because it is a risky investment because of it's volatility. Make sure you have enough of this type of property so that when you sell one, you still have some left and you aren't fully withdrawing from one investment to join another. If one does not exercise caution, they may have regrets in the future, especially since bitcoin price movements can be in any direction.

Furthermore, people must understand that bitcoin investing does not require a large capital investment, therefore there is no need to sell any property to invest in bitcoin. You can always start with a small quantity of money and gradually accumulate enough bitcoin known as the DCA strategy.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

No one can decide what to do with your property for you, but whatever you do, make sure you think about it thoroughly before making a decision since if something goes wrong, only they will bear the repercussions. All we can do is advise them on the best course of action to take. You make an excellent point that if they chose to sell any property, they should not spend all of the money on bitcoin so that they have a backup in case things go wrong.

[m2017]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

Your life property are your rules.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Most often, greed overshadows any wisdom, which leads to spontaneous actions.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Well, why do this? Bitcoiners prefer to sell everything they have for zero, and invest all the proceeds in crypto, waiting for the approach of wealth.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

With part of the money you can buy anything that brings profit or reduces the impact of inflation: be it a share in a business, gold or real estate (anything). In principle, you can just keep the cash so that if a bitcoin exchange rate drops you don’t have to beg and become homeless (because what kind of investment would it be if you sell at a loss).

Just my two cents.

These two cents are very valuable and are something akin to risk diversification when betting on more than just one horse.

[Hamza2424]

So, after scanning and reading the title carefully I've realized the moral of the story in the OP is just portfolio diversification or you can say efficient assets management/diversification. I've got it OP whatever you wanted to convey and summarized in the term relevant trading term.

TBH, it user funds/assets, so better for him to own his decisions rather than asking others or seeking guidance from others, take some independent steps it will make you able to service the hard times, what are our teachers' and society's teachings are in hard times no ones hold your experience except our experience and your courage of being bold.

[Fullcoinese]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

This is like splitting one investment asset into two or more assets. This method may be interesting and successful for those who do have understanding and experience in investing. and for beginners, you might be interested but it's better not to. As you mentioned, there are many risks.

The choice of selling land or property assets to invest in Bitcoin may require the right market momentum. like a market crash that caused the price of Bitcoin to experience a very deep decline. and it makes it possible to buy large amounts of Bitcoin for long-term investment.

[EluguHcman]

make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

I agree with You at OP but at other hand, the application of fear doesn't make good counts in chasing wealth unless the sector of the wealth generation is flexible to your wills otherwise you have to Invest with what in meaningful so to achieve meaningful results as an income.
You must understand that there some useful properties that are not in used in a meantime but doesn't mean it is useless, there are also properties tends to be liabilities which could still be in used.
So, looking at this, can sell them not just at any cause but insighting on the course of investing to creat wealths.

The embedded risk in the Bitcoin volatility isn't a threat to its investors as long one is conciously hold of its private keys and is determined to patient and trades on a long-term running. As long Bitcoin remains reliable it is worth placing bet on as long you don't stake with a borrowed fun or sold ones properties to acquire capital to invest.

[boyptc]

IMHO those that have sold their properties to buy Bitcoin have really think of it for so many times. Maybe there are some few of them that never really did but just did it due to the hype and that's the mistake for doing this.

While the family that's known for doing this have been doing well now and there's left and right engagement because that decision was like the best decision so far.

But not everyone is going to have the same path as his and this is a good reminder for those that thinks that they should own Bitcoin and sacrifice their property. Before doing that, you can always consider to DCA.

[Frankolala]

OP, it depends on the property that the person is willing to sell because you are only emphasing on land but it is not only land that is a property that people in this forum have sold. If it is an asset like land, then there is no need to sell such asset because it will appreciate with time. Instead, you should look for another means to make earnings so that you can use that to invest in bitcoin.

However, if it is a property that will depreciate, like bike or household properties, it will be good when they are sold to invest in bitcoin because with time they will depreciate and might even need you to keep maintaining them with the funds on you. If you sell such and buy bitcoin, you will make profit from your bitcoin investment and buy back those properties and still have some fractions of bitcoin in your wallet after the bull run.

[Marykeller]

It is important that we use wisdom and intellect in anything we plan to do. We don't have to exchange our valuable item for something else just because we think it's more important than the other, especially if there are reasonable alternatives to obtain the valuable item we traded elsewhere, no matter how little it is.

In my opinion, it is not thoughtful for someone to sell all of their property, like land, and use the entire proceeds to invest in bitcoin without retaining any portion of the proceeds or using it to purchase a smaller piece of land elsewhere in case the person's bitcoin investment is later defrauded or hack by scammers. In other words, the recently purchased landed property won't turn out the same because there's a chance its value will increase with time.

Therefore, it's okay if someone uses some of the proceeds from the sale of their land(no matter how little)to purchase land elsewhere because both bitcoin and landed property  increase in value over time.

[TakeItEasy]

This is like splitting one investment asset into two or more assets. This method may be interesting and successful for those who do have understanding and experience in investing. and for beginners, you might be interested but it's better not to. As you mentioned, there are many risks.

The choice of selling land or property assets to invest in Bitcoin may require the right market momentum. like a market crash that caused the price of Bitcoin to experience a very deep decline. and it makes it possible to buy large amounts of Bitcoin for long-term investment.

Buying one coin is only risk for example if  a person who have more invest like I can say he has invested all his money in a single coin then it would definitely be too risk for that person who only have funds in one coins right now. If that coin falls then he will be in huge loss, but if that coin go up then he can get a good profit. So, there will be a 50% chance in each case. And when he splits the investment in more coins then there will be less risks and may be he got some good profit from 3-4 different coins.

And also, in the crypto and for the crypto taking loan from other and selling own house I don't think it make a sense, because it would be too risky and that no one like to sell his house for more risky tasks.

[mvdheuvel1983]

I say do whatever you want as long as you have the full conviction and the right knowledge. I know a Bitcoin maximalist that liquidated his stocks and real estate investments and turned all of it into bitcoin investments. These folks do not give two fucks about investing what you can afford to lose. They go all in 100%.

Albeit, this is a solid advice from the OP especially for small bitcoin holders and retail investors.

[Renampun]

...
Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Every investment made must have the aim of making a profit and those who invest in Bitcoin are expected to make a profit in the future. However, for prospective Bitcoin investors, it is better for you to prioritize important things first, such as a house or land, don't let your family live in a rented house while you have a lot of Bitcoin. investing in bitcoin must be smart, always sell liabilities to buy bitcoin, don't use money that you can't afford to lose because the effect will be fatal, if you hear that there are bitcoin investors who are trading in large amounts of bitcoin, believe me that person already has safe assets first then he invested in bitcoin.

[AprilioMP]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

The gleeful claims of having sold the property made by posters on this forum do not strike me as entirely justified and I harbor doubts about such claims. Even if it is true, it has absolutely nothing to do with me because what is being sold is theirs, not mine.

People's investing intelligence is different. Whatever the reality of the matter, it seems to me that you have opened up a discussion that could possibly reduce the extremes of Bitcoin investment.
People's intelligence in making money or assets sit idle without making a profit is different. Investors who are wise in their thinking will probably not invest by selling property.
Selling land, if not more than one house for me is impossible with the assumption of where he will live when the house is sold. If house 1 is sold, he can live in house 2.

Going back to the OP's first paragraph, what is being sold is the asset. It is clear that this is their right and we cannot dictate it.

[Coyster]

I say do whatever you want as long as you have the full conviction and the right knowledge. I know a Bitcoin maximalist that liquidated his stocks and real estate investments and turned all of it into bitcoin investments. These folks do not give two fucks about investing what you can afford to lose. They go all in 100%.

Of course you can't tell people what to do with their money, but there's a rule of thumb that you shouldn't take loans or sell your properties to invest in Bitcoin, and that's because Bitcoin isn't a get rich scheme like many people imagine and quite a lot of times people buy Bitcoin with money they can't afford to lose and money they need for something important in RL, thus when they need the money, it is possible that Bitcoin price has dumped and they have to sell at a loss.

That being said, Bitcoin is not going to fail like most altcoins do and if you can hodl it without needing the money in the long term, then you can buy with any amount you feel is right, but don't take a risk on Bitcoin because other people did the same thing.

[JunaidAzizi]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin instead of using (risking) all the money at once.

I agree with your suggestion mate,  a lot of people come to investing but they make a very big mistake and they think that through the profits that they earn within two to three days (as they think), they can regain that thing again but when they came to the market the situation was change and they stuck their funds in it and they face a huge loss.  So they suggest that someone can not invest all his funds in the crypto market but make some investments in the off-market also so if you can face any loss you have a Mother's investment and your work will go smoothly without any disturbance. So advise all the new and all the old persons to use the concept of Op in investing so you will be fine in both off-market and online markets.

[Mate2237]

Op you made some vital points but as for me personally and I don't know for others. I don't too much see a very severe risk in Bitcoin investment that making people to talk about it always. Because the way I see Bitcoin investment is that, before you key into it you have to plan ohe it going to be and the duration of the investment. You don't have to buy Bitcoin and just started investing in it. Before going into, you have to understand the bear time of the investment and the bull time of the investment.

I have not really supported the selling of landed property to buy Bitcoin because Bitcoin is not a system you get your small profit in a short time but a very long time. And if you can't wait and the land is own by the family, they will definitely disturb you. And at that process, you would like to sell and settled them and bear is at the lower bear market and you will be at the lost side of the investment. Therefore be careful with the family properties.

[Luzin]

I have not really supported the selling of landed property to buy Bitcoin because Bitcoin is not a system you get your small profit in a short time but a very long time.

I came from quite a family but didn't have much money to begin with. We have a house, land but I will not touch for investment purposes because indeed it still belongs to the parents. In fact, I have no intention to sell the property for investment purposes. I think more about staying safe investing according to my capital and ability. In fact, you need to know when 2015 I started trading with only $40. It was quite big because I was in college. So it's better to start with what you have without making new risks by selling property. If you fail then you won't suffer too much but if you fail and your property runs out it will make you worse.

[Luffygroove]

This advice caters to different investment philosophies. For those prioritizing safety, it emphasizes diversification, urging caution against putting all investments in one place. Yet, for savvy investors embracing the "high profit, high risk" mantra, safety isn't compromised; rather, it hinges on market mastery. Recognizing the cyclical nature of assets, a strategic approach emerges. For instance, selling property during a crypto bear market and capitalizing on Bitcoin's bull run, especially during halving periods. The trick lies in alternating investments wisely, maximizing gains from both avenues. This dynamic strategy, if understood, enables foreign investors to navigate the market intelligently, ensuring optimal returns through careful asset allocation.

[LogitechMouse]

~
Just my two cents.

Well, I want to agree with you, but whenever an investor goes, and sells their belongings (including property), I believe that they've decided it twice or thrice before doing it because the involved money is so huge that they might get affected when they lose it.

I don't know if there are some here who sold their property and ended up losing money investing in Bitcoin. Maybe those who sold their properties, and then bought Bitcoin when it was at its peak are the ones, but those who sold their property let's say last year, for sure doubled their money already. After all, it's all about risk management. If you believe that what you're doing will be beneficial for you in the long term then by all means do it. If you believe that selling your property today and buying Bitcoin will be good for you, as long as there is nobody that will stop you then do it.

I know that there are some who don't like the idea of selling some of their belongings just to buy Bitcoin, but take note that there are some who risked it all, sold their properties, then bought Bitcoin, and their money doubled or even tripled already. Like I said, it's all about risk. As for OP, there's nothing wrong with your opinion. It's just that there are some people who want to risk it all because... because they are afraid to lose their potential profits.

[Lida93]

~
Just my two cents.

Well, I want to agree with you, but whenever an investor goes, and sells their belongings (including property), I believe that they've decided it twice or thrice before doing it because the involved money is so huge that they might get affected when they lose it.

Agreed, though not all investors think it twice before take off, there are some that invest out of the fear of not missing out probably in the next profit (bull run) that may  occur. It's like I see people doing it so let me just join the queue by selling a property to invest too; but for those that did think twice with a scrutinize mapped out plan they always get what they want from bitcoin.

I know that there are some who don't like the idea of selling some of their belongings just to buy Bitcoin, but take note that there are some who risked it all, sold their properties, then bought Bitcoin, and their money doubled or even tripled already. Like I said, it's all about risk. As for OP, there's nothing wrong with your opinion. It's just that there are some people who want to risk it all because... because they are afraid to lose their potential profits.

I guess those that don't buy the idea of selling their property to buy bitcoin are as a result of how or what they might have passed through to acquire such property and to them they feel it's not worth risking with it so they prefer scrapping out another alternative to get money to buy and invest in bitcoin. Yes, people that are so confident about what they are doing tend to risk it all, like you mentioned about investors that bought bitcoin last year when it was low, they understood the time that it was the perfect  dip for those that have missed out of the last ATH.  So anyone that's ready to risk it all must be in the know and with a plan to invest for a long term as possible.

[SPARE]

Lately there are many posts of this type saying that they are selling their property and investing in Bitcoin. It is true that what one does with his property is his own business. No one has the right to interfere. But selling your property and investing in Bitcoin is very risky because  Investing in bitcoins is very risky because your wealth can go down here, so to those who are doing this and investing in bitcoins by selling their assets, I would advise you not to invest all your selling money but to invest some part of it so that even if you lose it, you will gain something.  No, such extra money should be invested in your Bitcoin because Bitcoin is very risky.

[Samlucky O]

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

You right about you analysis. Despite we are thinking of selling property to buy bitcoin, I think there is a need to also be careful, nobody is doubting Bitcoin capability but it's just like diversification of potfolio, not putting all your eggs in one basketball. Just like the way you narrated, selling of land for example $30k and use $13k dollar to buy bitcoin and $7k for land. If you really check, the more the world is growing, so is civilization. For example the place you baught land at $7k, in 10 years later it will turn to a city. and that your land becomes a target for investors or people. And if you are willing to sell, you might make 5x or 7x of your capital. There is also volatility in land and the advantage of it, is that it's always appreciate in value and never depreciate.

[icalical]

I don't think 'need' is the correct term, if we talk about investment and diversifying portfolio, investment itself is not a necessity, we can still survive without our portfolio. And people invest only after their basic needs is fulfilled. We could sell when we think we can make more profit in Bitcoin instead of in current investment.

[Adams0001]

Thanks op for this thread,  I have also read about stories people claimed to have sold their properties to invest in bitcoin. What I have to say is that instead of selling every asset to invest in bitcoin it is better to still have these asset and also try to make bitcoin another asset add to the existing ones. Investing in Bitcoin is good thing, but when planning to sell other properties to invest in bitcoin one really needs to think to be sure if the property really needs to be sold out not just because of they feel to invest in bitcoin. When it comes to investment people needs to apply wisdom to think thoroughly not to make mistakes that will lead to regrets in the future.

Some people sell their properties to invest in bitcoin because they have other assets to keep because a person who understands bitcoin will not sell all of his assets to invest in bitcoin to make a profit because he knows it is volatile, but I won't blame some people who don't have any source of income and sell all of their properties to invest in bitcoin because they believe they will make a profit and are prepared to lose at any time. But in my opinion, all of the people who sell land or other property and invest in bitcoin are people who don't have much knowledge about it and they confused them to invest in bitcoin and they don't tell them the negative side about it, they only tell them the benefits and fail to tell them the risk part, and they will try to use whatever they get to invest and get profit because they don't believe they will lose any of their funds they invest in bitcoin.

[BitcoinPanther]

They may have other considerations about selling their assets, such as land.
But it's best not to sell assets in the form of land to invest in bitcoin.
They should invest using the money they can afford and keep their assets. It will increase the number of its assets with bitcoin in its asset list.
But if they are confident in their decision to sell the land and use all or half of the money to invest in bitcoin, they can do it. But they should consider it first so that there are no regrets in the future.

There are condition where selling our asset to invest in another profitable venture is a good decision.  Like when the land is idle and just accumulating taxes, not producing any goods or profit but rather  become a liability, it is best to sell that property and invest it to a more profitable venture. 

There are people who sold all their property and invest in Bitcoin just like the man who is featured in this article[1].

People who sold their property to invest in Bitcoin probably read that story, but I can say that, it is still best to invest what we can afford to lose.


[1] https://medium.com/illumination-curated/the-man-who-sold-everything-to-invest-in-bitcoin-ecd27090a8be#

[Roseline492]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

You are right because for me I wouldn't advise someone to sell there property just to buy Bitcoin especially if the property is something that could worth a tangible thing in the future because irrespective of how good and opportunity that may be offered by Bitcoin doesn't mean that people will sell there property to invest on Bitcoin because is very volatile in times of price movement so however the only way for the investor to see a good profits is by holding for a long time, So if the person sold his property to invest on Bitcoin with the hope or believe that they will start making profits immediately he may be panicked to sell his investment on a discounted price. So that is why is always advisable for someone to only invest with the money that may not affect them.

So however as someone that love to invest on Bitcoin, instead of selling his property he could actually strategize himself in such a way that he will start saving up some money or preferably venturing into business that could be fetching him a daily or weekly dividends and from there he may now decid to start investing on Bitcoin and by then he has gotten a stable income generator through the business.

[Dzwaafu11]

Good advice, OP. It is very important that we think twice before we invest in bitcoin. Especially if we don’t have any properties that belong to us, using family property or something that doesn’t belong to us is a bad idea to invest in bitcoin.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Although everything we sell because we want to invest in bitcoin is our wish, the main problem is that we should not invest and be panicking at the end of the day. Some people are making that mistake, which is wrong, so while making decisions for the investment, we should take a look at what we want to sell if we are going to need such things in a short period of time, as bitcoin is not a short time. investment, and you will hear those people complaining when the price doesn’t go for them or the market shows the negative side of it. However, we should also invest what we can afford to lose. We should say that because what we sold carried a huge amount of money, we will invest all the money and use part of it for the investment.

[lizarder]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

Even though no one has the right to dictate to anyone in the forum, is there any adjustment to what they tell? I mean we don't need to try to explain to other people how to approach buying in bitcoin because the real proof is not in what we talk about but how they can prove their own consistency in bitcoin and other people just discussing with each other.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

It's a shame that not many beginners speak according to the facts, for example selling a car, house or land to invest in bitcoin. Imagine when they try to sell other assets to invest but they don't understand the investment strategy, is it possible for them to dare to take that risk?

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Land is just as good as an investment in Bitcoin because as the years go by land also has quite an expensive selling price. If this step is chosen, in my opinion it is not appropriate because selling land and buying bitcoin with all the budget you have will pose a big risk for those who have no experience in investing. There are also quite a lot of uses for land and now there are contractors who are willing to build shops on our land with a profit for two, for example if you can build 10 shops on your land then the contractor will divide 5 shops to the land owner.

Isn't this much more profitable because half of the land we own is still ours and the shop can be rented out and every year we have income from tenants. This phenomenon happens a lot in my area and land prices are getting more expensive day by day so owners can make big profits if used properly.

[KingsDen]

After reading Op, I smiled... This is because I have tried to understand bitcoin and I will tell you that bitcoin is to different people different things.
To some people, bitcoin is a safe haven for investment and those are the set of people that invests their life savings or retirement fund into bitcoin.
To some other people, bitcoin is just a bubble that might burst tomorrow. So, they hastily want to take profit because it will end like a Ponzi scheme.
There are others who obey the rule of investing what you are able to lose with the DCA method.
Some don't even mind if they gain or lose in Bitcoin, they just want to holave enough bitcoin today, maybe bitcoin can value $1M tomorrow.

[SOKO-DEKE]

Despite the fact that Bitcoin has proven to be a good investment over the past few years with a good return on investment, it is not still advisable to sell your properties to invest in Bitcoin because of the nature of its volatility. Bitcoin is not an investment that someone can just make profits over a short period of time unless they are lucky. So if you sell your property to invest in Bitcoin and it is property that is valuable to you, you will be totally depressed when your Bitcoin investment is not going the way you planned it to.
 
If someone wants to invest in Bitcoin but doesn't have money at that particular time, it is better for them to wait until they get money to do so. I don't think it will be too late to invest in Bitcoin in the near future. It is a wise idea to invest what you can afford to lose.

[Hewlet]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

the truth is that most of the persons that said they sold out their property to buy bitcoin are not being truthful to themselves.if they will be honest with themselves, It's very difficult to sell out your asset most especially the ones like land that its value appreciate and you use it to buy another asset hoping for it value to appreciate.  If you tell me that you used a whopping sum of money to accumulate Bitcoin, I could easily believe you but for you to sell your asset, that's possible but I doubt many persons can do that. 20 out of a 100 person who are making this claims will not even agree to doing this.

[Lida93]

Good advice, OP. It is very important that we think twice before we invest in bitcoin. Especially if we don’t have any properties that belong to us, using family property or something that doesn’t belong to us is a bad idea to invest in bitcoin.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Although everything we sell because we want to invest in bitcoin is our wish, the main problem is that we should not invest and be panicking at the end of the day.

Thanks for the appraisal!
You know the risk  It hits differently on us when we invest with our own personal money to when we use money realized from the sale of a group owned property, that's where the panicking get exacerbated because the inner aspect of our being panicking is not just in losing the money but in the aftermath of the consequences and repercussion we have to face from others that have a part in that money.

In that conduction long term investment plan becomes troublesome addition to when the market is not moving in the direction you had expected base on your own analysis before taking your decision. Investing in bitcoin is reliable to bring returns if only you can wait but how long can you wait when the co-owners of the money are on your neck, that's why we should make it a principle to always invest with our personal money, if we must sell a property let it be our own very property not a family or group owned property.

[Franctoshi]

Despite the fact that Bitcoin has proven to be a good investment over the past few years with a good return on investment, it is not still advisable to sell your properties to invest in Bitcoin because of the nature of its volatility. Bitcoin is not an investment that someone can just make profits over a short period of time unless they are lucky. So if you sell your property to invest in Bitcoin and it is property that is valuable to you, you will be totally depressed when your Bitcoin investment is not going the way you planned it to.
 
If someone wants to invest in Bitcoin but doesn't have money at that particular time, it is better for them to wait until they get money to do so. I don't think it will be too late to invest in Bitcoin in the near future. It is a wise idea to invest what you can afford to lose.

It not a bad idea totally if the property you sell to buy Bitcoin is no longer of useful to you, take you, for instance, I have an uncle who has a number of cars parked in his house without him driving them for a long time, and occasionally, we even ask what he uses those cars for  since he don't use them and the majority of them got spoilt due to over packing of the cars for years, he even spent money to service those cars when he comes during Christmas celebrations and still won't use those cars until returns back to the city.
so I think a situation like this instead of keeping those cars, and they got spoil totally, I would rather sell to buy Bitcoin.

[Dr.Bitcoin_Strange]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

This is what I have said a few times here on the forum: when anyone wants to sell their property to invest in Bitcoin, it's either they should sell what they are not going to be in a deep need of or they can also share the property into two and sell only some. For example, there was a guy who said he sold some plots of land to invest in Bitcoin, and according to him, he had more than two acres of land, so he only sold one and used the money to acquire some fractions of Bitcoin. Another person had two motorcycles but sold one and used the money to invest in Bitcoin; that is also wise, but in a situation where they sell everything they had just to invest in Bitcoin, then it's not a wise act.

[Hyphen(-)]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Only the wise ones and knowledgeable ones will reason towards this direction. Some people are selling their properties because of FOMO, they think they will miss out if they did not sell and invest now, not knowing that they need to learn and know how to manage and control their wealth before they can succeed even in the bitcoin investment they are claiming to move to.

Any property like land that appreciates in value deserve to be kept, but lost if this decisions depends on individual thinking and ideology; but if I have a land that is of no use for me for some time, I will sell the land and invest some percentage of the money in Bitcoin and buy at least a smaller land to backup my Bitcoin investment.

[Stepstowealth]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

It should be the last thing to consider when thinking of how to raise money for investments. Even so, not all items should be sold, there are some thiings that should by any means be preserved. When you sell off items, you sell at a loss, and also create a vacuum if you cannot replace them. You will later spend the profit from your investment in replacing the sold item. If you sell your land to buy bitcoins, you will later want to buy a land when you profit from investing

[TimeTeller]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

It should be the last thing to consider when thinking of how to raise money for investments. Even so, not all items should be sold, there are some thiings that should by any means be preserved. When you sell off items, you sell at a loss, and also create a vacuum if you cannot replace them. You will later spend the profit from your investment in replacing the sold item. If you sell your land to buy bitcoins, you will later want to buy a land when you profit from investing

I can understand selling unused items or gadgets, but properties and other real-estate properties, that's actually
hard for me to do in exchange of investing in crypto market. I would leave such asset as is and just find other disposable
ones if in case I will buy certain alts. As this market is still a very volatile one, you have no idea when will you can get profit out of your coins.

[Marvelman]

If ya got some house or whatever that ya don't need no more, I guess it makes sense to think about selling it to get some Bitcoin.  But don't go thinking Bitcoin's a sure thing or nothing - its risky! You gotta look into it real careful before you throw money at it and  maybe you'll strike it rich or whatever, but maybe not.  Just saying you should know what you're getting into if you wanna swap your house for magic internet money.  It could work out, but it also might not pan out how you hoped.

[serjent05]

I would like to say to think carefully and study the situations of the market carefully if we are about to invest huge sum of money to Bitcoin.  I am not against selling properties to invest into a new business or investment venture.  As long as the investment gives us profit that is ok.  What is not ok is investing in an investment blindly.  Like selling properties that is supposed to be invested to Bitcoin but is invested to HYIP and scam companies that pretend to be trading Bitcoins.

Selling property to invest in Bitcoin is to the owners discretion.  I know they had done their research well and is ready to take a huge risk for possible huge gains.  If we study the Bitcoin market, its price and its cycle, it is really tempting to take risk because, for example, the current market trend is about to go bullish after the halving event, that is what the Bitcoin cycle is indicating, and investing huge amount of money right now can give a perso a huge profit specially if the price doubles or triples during the ATH breaking event.

I believe those people who sell their property has more confidence in Bitcoin market than his property price market.  So we cannot blame them if they do sell their property for the sake of getting more profit.

[terrific]

Good logic about selling and buying back. But mind you that when you use a smaller amount to buy another piece of land, it's either far from the current sold land you did because it's cheaper.
That's one thing to consider when buying back another land but if it's a smaller portion then it's more possible and it's just actual land with no any fence or so.
And after you do it for Bitcoin, do not regret that you have bought it and as you watch the market up and down. Don't invest too much on your emotion.

[Taskford]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

We don't know if the story is true since they are just posting a story and anyone can write that up just to get sympathy or praise from people who read their tread. But I don't really get the point on why people do that especially if they said they would use it for bitcoin investment since this could put them in huge danger to lose their wealth in an instant.

Especially if the people who post it since maybe they just create a story so that people will have an impression that they are so passionate on bitcoin but all of it is just a lie since they are just trying to earn some merits from the story they created.

Even if I am experience crypto investor and trader I will not sell my house for bitcoin investment since usually I only use the small amount of money earn from something and don't have plan to do risky decision especially on physical asset since we know how risky the crypto market is.

[Z390]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

What risk are you talking about? Because I don't see any with Bitcoin, if you mistakenly expose your recovery seed that's your fault, but volatility in the price of Bitcoin is not a loss, you just have to hold longer is all, by the way, someone who sold his land did it for long term purposes, not some get rich quick strategy, I sold my land early last year and I have bought Bitcoin at 17,000 with no regrets, even if the market crash hard right now it's still not a loss for me, because I don't need the money right away, I will only sell when bull market is here and not instantly, it was a well spent money so far, I don't regret selling my land to buy some Bitcoin..

I even almost sell my car but I change my mind because I have other means to keep DCA into Bitcoin for a long period of time into 2024, some stories are not always true but no one should take peoples story very serious if they don't believe, it's really not by force, like why should I prove that I sold my property to buy Bitcoin? What is in for me to gain doing so?

True or lies, people sell their things to buy Bitcoin, you don't have to believe it, some people are good at taking risks while some find it very hard to do, as for me I am in a good position buying Bitcoin at 17k and 15k it's worth it so far, I am up over a 100%.

[Winterfrost]

Selling of properties to buy Bitcoin is not advisable. Apart from Bitcoin it is the same thing to other investment. However, there are people who store wealth or value on properties for future purposes. This senerio can be considered. Because when the time is set for you to make your investment you can sell it and the value of money will still remain the same or increase for you. For instance if you bought a peice of land for 20k for the main of storing the value for future business or investment in the next few years you will have more of that amount. Because land increases exponentiallly. Then after that, buying Bitcoin or investing in Bitcoin will not be a bad idea because you only saved it on a lander property just because you want to invest. In this case your not selling what you don't need.

[Natalim]

That is why we should plan it so well and seek some advice for additional ideas.
As we know, investment is one way of multiplying our money which makes some people decide to sell their properties that won't give them money. Of course, anyone can be attracted by hearing stories that they become rich because of Bitcoin encouraging others to take action as well. Some make it in the right way in selling their land and they spend some for crypto investment while there is another share for buying small properties. Indeed, smart investors know what is really they are doing and they think it so many times before making a decision.

[Finestream]

Honestly, I don't actually encourage anyone to sell off property so you can enter bitcoin investment. You might lose them both at the end of the day, most especially if you are still in the process of learning bitcoin investment. Instead, I advise them to save money so they can afford to invest, not to take a loan or sell off properties. However, if you have a lot of properties that you are not benefiting anyway, then selling could be valid and invest into bitcoin only a portion of your selling profits. Do not go all in as this can cause a great loss for you especially if you are still a newbie investor.

But as much as possible, just invest if you have spare money to invest. If you think you can't afford it right now, then add more side jobs so you can save a lot. That way, without selling or taking a loan, you become capable to invest without compromising your hard-earned money.

[AakZaki]

This is like splitting one investment asset into two or more assets. This method may be interesting and successful for those who do have understanding and experience in investing. and for beginners, you might be interested but it's better not to. As you mentioned, there are many risks.

The choice of selling land or property assets to invest in Bitcoin may require the right market momentum. like a market crash that caused the price of Bitcoin to experience a very deep decline. and it makes it possible to buy large amounts of Bitcoin for long-term investment.

It is quite risky to sell immovable assets such as land and property, you have to know what you are doing and you have to enter at a really low price. Don't let the purchases you make cause you to lose even more and end up panicking too much. In fact, it is not really advisable to sell land and property for Bitcoin investment, because the price of land and property will also be higher and you cannot buy it back at the same price. Long-term investments take time and require patience, don't panic about declines and don't sell at a loss.

[Sanitough]

Selling some properties that don't give you an advantage might be quite reasonable as long as you use your proceeds to invest in a secured and profitable investment. And bitcoin is right for it, but I suggest you don't have to invest all your profits just to maximize your investment profits in the future. Bitcoin is still a high risk asset, so invest with caution and always invest what you can afford to lose. That way, you can still use your remaining profits to buy a cheap property, or whatever investment that you think will be highly valuable in the future.

Bitcoin is obviously risky yet a profitable one. That's why try not to invest all in, make a leverage when you have gained already significant amount of profits later in the future.

[Viscore]

Bitcoin investment has certainly its known risks that need to be taken care of and overcome. If you are not competent enough to beat those risks, then I suggest find another investment that will be easier for you to handle. And one thing also, never invest if you are not capable to, not only in terms of acquired knowledge and skills but also when it comes to capital. Selling your unused properties may not always be the best option, but saving through your extra money or profits.

You don't need to sell off your first property just to acquire another property. That gives more risk and pressure on your part. Just invest when you are ready, by not compromising your other properties even if you say those are not making decent profits.

[macson]

snip

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Even though your idea is good, not everyone is willing to sell their land because there are several factors that limit it, one of which is memories and also the hope that the value of the land will increase many fold, i still remember one of the members here made a good post, for an asset like property is actually not much different from bitcoin, the price will rise if the location is strategic and usually a lot of land will not sell because the location is not strategic and the price is expensive, so don't be surprised that some land will sell for decades to come.  Bitcoin investment is really good and very profitable, but if you want to sell your property, think about it carefully unless you are very sure and reckless.

[JunkieMiner]

Even though your idea is good, not everyone is willing to sell their land because there are several factors that limit it, one of which is memories and also the hope that the value of the land will increase many fold, i still remember one of the members here made a good post, for an asset like property is actually not much different from bitcoin, the price will rise if the location is strategic and usually a lot of land will not sell because the location is not strategic and the price is expensive, so don't be surprised that some land will sell for decades to come.  Bitcoin investment is really good and very profitable, but if you want to sell your property, think about it carefully unless you are very sure and reckless.

My father always said to me that don't ever sell your land you should make it fertile and use it for the fruits and vegetables etc. So keeping this thing in mind I have never look for selling my land nor for anything whether if we talk about the crypto it would not be a good and completely wise thinking to selling a person's own land just for investing it in crypto. Because may be and often the land prices increases surely with time to time. But in crypto we can't have full information whether we can get the profit or we would be given and handle loss .

[Distinctin]

Selling your property is like losing your own advantage to your own property, which means you are not capable anymore to enjoy its future profits since you are already selling it for a cause. And for me, that is not an ideal strategy. It's still best to work on it to achieve or acquire a new investment, not selling your previous property and trade for a new one.

However, that is only from my own point of view. We all have different concepts about selling properties, and for me thats not my nature of doing.

[Obim34]

Most people tend to indulge themselves into Bitcoin with little or no knowledge about it. Some not considering the volatile nature which can cause panic to sell off and very ability to hold funds for  long term.
I have friends who are willing to enter into Bitcoin, always disturbing to teach them but after my explanations they get frightened and not wanting to invest because they felt Bitcoin is a quick scheme to earn in a short time.
I won't judge those set of people who wants to sell their properties to invest, only them knows how they feel and the urge to be a Bitcoin owner, for sure there is no loss of funds as long a person is capable to hold for a long term. Selling properties to buy Bitcoin is not very advisable as your expectations to making profits will take longer than expected which will make you panic and might even want to sell lower than your entering price or just at the tip of your profits

[Bananington]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Selling property in order to purchase an asset like Bitcoin could be dangerous if the analysis and timing of the investment are bad. In my opinion, you should sell what you no longer need and be very careful before making any significant financial commitments. The adage "you should only invest funds that you can lose" is frequently used about cryptocurrencies. My advice to anyone attempting to sell another property in order to invest in bitcoin is that they should be sure of their investment strategy because if the strategy is poor, it will bring about a loss of funds.

[Hypnosis00]

Selling your property is like losing your own advantage to your own property, which means you are not capable anymore to enjoy its future profits since you are already selling it for a cause. And for me, that is not an ideal strategy. It's still best to work on it to achieve or acquire a new investment, not selling your previous property and trade for a new one.

However, that is only from my own point of view. We all have different concepts about selling properties, and for me thats not my nature of doing.

If selling some properties that are not likely to give us profit is the last option, I will do it. Sometimes we need to decide to let go of some things for a better future. I could make sacrifices if I knew that this new investment could give me more than the properties that I'm going to sell. Indeed, we all have different points of view and it was really for us to think about what is best and what we can get from having this new one. At least, we selling something for a reason and that is to multiply our money, not just to spend only for nonsense stuff.

[GiftedMAN]

Op going with your explanation I think there things you failed to understand about the believe of people, a lot of people have come to realize that regardless of the price volitality of Bitcoin it doesn't stop them from doing their business hence they believe that there will always be acrise in the price even though it took longer than expected.

You may not have believed some of the stories where some members talked about selling some of their properties to purchase Bitcoin because you have never done it before but yes I think I believe some of them because I have also gave up something to purchase Bitcoin and regardless of the price right now I don not regret it.

[doomloop]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Even if selling personal property and investing the money in Bitcoin doesn't make them lose the money, it's still not a recommended thing to do because you should only invest money that you have as a spare for investments that you make for your future. If someone is trying to make a career out of cryptocurrency trading and trying to put together a capital for it, that's a different thing but even for that, you are not supposed to sell important things and you need them in your life. You can't sell your house and start a business with the money, you will have nowhere to live in case the business doesn't go the way you might have expected.

So, even though Bitcoin investments generally bring profit eventually if the investor is patient, it doesn't mean a person should invest all that they have in it to try and maximize their profits because that's the wrong thing to do. Be moderate with your investment decisions because investments are never guaranteed to bring profits at expected times.

[Chilwell]

Risk is unavoidable in our lives if we truly want to survive, and if we choose not to take risk, we are left with little choice but to be an employer of a risk taker. Selling a property to acquire another is acceptable, however it is dependent on the property being sold and the one being purchased. For the time being, Bitcoin is known as a future investment for everyone who buys it and HODLs it till the price is high. Selling property to obtain bitcoin is a wonderful idea, but the property must be unproductive assets that cannot create a profit. Productive assets are assets that can generate profit or appreciate value, I can't advice anyone or even me to sell Productive assets are assets that can generate profit or appreciate in value; I cannot advise anyone, including myself, to sell productive assets in order to replace them with bitcoin; however, as the OP stated, land is a productive asset that can appreciate in value in the future; assuming it is located in a very interesting location that can capture people's attention, sell and divide the money in half; use one half to buy bitcoin and the other to buy another land;

[coolcoinz]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

It's not that simple.
When I see people recommend real estate investments over bitcoin, I answer them with this:
Would you recommend people to buy land in Ukraine now? In 2021 there was a popular new settlement near Kiev full of expensive villas. The place was called Bucha...

Saying that your real estate investment will always grow in value is pretty naive. Maybe if you buy an apartment in New York or London it will be true, but for that you'll need a million dollars or pounds.
 

[Coin_trader]

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

My experience is the opposite, I sold my casascius Bitcoin before during the peak last bullrun and invested the proceed to establish my garments company. My sell-off pays a lot since my business is already generating huge amount which I get already the ROI with just 2 years while I can use part of my business profit to purchase Bitcoin slowly to recover my previous Bitcoin that I sold before.

I still preferred the traditional business as main source of income instead of focusing too much on Bitcoin investments just to get quick profit since Bitcoin bullrun always have an expiration and there’s always a bear season which investments is not growing compared on the traditional physical business that is consistently generating profit. So I think selling property to create business the invest on Bitcoin using the business profit is still the best way to enter in crypto when selling property.

[Crypt0Gore]

This advice is really not needed, someone who have one thing won't find it easy to sell them to take risks on Bitcoin, if I have a house living with my family, I won't dare sell it to invest in Bitcoin, where are we going to live after? So those who are selling off their properties have more than one, those who sold their cars to invest in Bitcoin have more than one, they can afford to take the risk.

It's not always good to have just one thing, this is part of the reason why, when opportunity arise you will be able to take part in the opportunity before it's too late, all those that sold their properties to buy Bitcoin are already in big profit right now, if I have something that I can sell I would have already.

Taking risks with Bitcoin always pay off, like seriously it's very hard to lose money with Bitcoin, unless you lack the knowledge of when you should be buying and when you should be selling.

[Timmzzy]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Menhn I can't sell of my car to buy Bitcoin or what so ever cryptocurrency that's out there, it's something precious to me I rather work out my cash to buy Bitcoin or any other crypto currency, I can't see my self selling my properties for anything because the first time you attempt that it will be a gate way to call in poverty state of mind.

[2girls]

Menhn I can't sell of my car to buy Bitcoin or what so ever cryptocurrency that's out there, it's something precious to me I rather work out my cash to buy Bitcoin or any other crypto currency, I can't see my self selling my properties for anything because the first time you attempt that it will be a gate way to call in poverty state of mind.

I didn't understand the simple thing if a person is working day and night for his dreams like one of the dream is buying a car then suddenly his dream came true and he has bought a car. After that would he like to sell his car just for the investment in the trading.

As recently I have seen those people who sold their houses even they don't have to sell those and thy are now in a big loss. Their relatives are even on higher places and they are now in the down position.

[SmartCharpa]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

The most important thing for us to know is that, even with our deep understanding of bitcoin, we shouldn't use all of the money from the sale of our properties to purchase bitcoin. Instead, we should use our common sense every time we make financial decisions. For example, if I want to start investing but don't have the funds to do so, I won't sell my one piece of land because if I do, I won't be able to buy another. Investing in bitcoin carries a significant risk because, if I sell the land and use half of the proceeds to purchase bitcoin, since i have made an investment and will be expecting a profit at the appropriate moment, I'll say, "Let me use the remaining one on something important to me for now.

Even though we can afford to lose the property, we should make sure it belongs to just one person, not to a family member who might not understand what bitcoin is all about. In this case, we don't have the same thought process for everything we do, and it's not just bitcoin. If we have something to do and we don't have the money to do it, we definitely shouldn't sell the property that we can need soon.

[Mame89]

It is quite risky to sell immovable assets such as land and property, you have to know what you are doing and you have to enter at a really low price. Don't let the purchases you make cause you to lose even more and end up panicking too much. In fact, it is not really advisable to sell land and property for Bitcoin investment, because the price of land and property will also be higher and you cannot buy it back at the same price. Long-term investments take time and require patience, don't panic about declines and don't sell at a loss.

Every person has different principles in thinking about assets, some are BTC, gold, shares, property, etc. Whatever the choice, the goal is one "profit". Fellow investors must respect each other for the decisions they take. But personally I also follow your advice not to sell property just to invest because this is very risky. Except for those who have a lot of population assets, there's no harm in trying as OP suggested.

Because sometimes as investors you have to make a brave choice, maybe they will become very rich when BTC reaches the new ATH, which we believe is now at that time because we are approaching the BTC halving.

[michellee]

Actually, we don't need to sell the assets we own to start investing in Bitcoin. We can use existing money in the sense that it is money that we do not use for other things. That is to reduce any risk that might occur. However, we cannot prevent those who want to sell their assets from investing in Bitcoin. By selling the asset, we must be prepared if the price of the asset will increase many times over.

We can only advise them to use the money we can afford. Only people who have thought about the risks can decide to sell their assets to invest in Bitcoin. But for most people, they are better off using money that is not used for any needs.

But whatever decision they take, they must understand the consequences. And you also have to be ready for whatever will happen.

[Essential10]

Before taking any big decision we should consider all our financial obligations and future needs. Be cautious and thoughtful when entering into any type of investment and Bitcoin is no exception. It is always best to invest with money you can afford to lose, as there are no guarantees in any investment. Taking out a loan or selling a property can be risky and can put you in a difficult financial situation if things don't go according to plan. Since money is personal, the decision must be yours. But those who gamble constantly lose money, at some point they sell their money or real estate and create a gambling mindset. I think they should invest in Bitcoin whether they understand Bitcoin or not. At one point they can see potential future profits, which are much less risky than gambling.

[Ndabagi01]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Your two cents worth of advice is excellent, and it will help in accelerating the creation of a well-diversified investment portfolio. In this case, having only one investment makes it very difficult to achieve your desired goal due to the numerous lapses that come with having and maintaining an investment. Bitcoin investment is good and can be relied on; however, investing your money in land for future resale or use will also yield significant profits. What matters is how you plan your life and achieve your life goals. If the method you've suggested works for you, go for it; if not, you can always try another; what's more important is to try and invest in more than one investment with your money.

[Y3shot]

I think that selling something from home is already a bad trait. If you do not have additional income that can be invested and you are not afraid that at some point it may be lost, then it is better not to rush into investments. Selling real estate, I would say, is a mistake to make, as real estate is already considered an investment that has grown over time. Selling little things makes you smile. If you don’t have extra money, you shouldn’t take off your last clothes; investing pennies will still not make you richer.

Having a multiple source of incomes it really helps in sustaining investment.  Selling a good investment to start another investment tells that their is no good source of income and the investment can be be tampered because it is one that the investor looks up to survive. Getting multiple investment is another type of investment to help and sustain other investment.  In a case where no good source of income to depend on one may likely sell his or her landed property or bitcoin just to survive.  I think we fighting for more source of income is very important.

[Solokan]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

As many people say, investing in BTC has to use money that is ready to be lost and I totally agree that investing in BTC has to use money that is ready to be lost.
 
but there are some people who want to invest in BTC and even sell land or so on, I don't think there's anything wrong with that as long as before investing in BTC  have to learn about the risks of investing in BTC. and I really agree with your opinion, it is true that if we use a technique like that, it will certainly mean that we will not lose our land because half the money from selling the land will be used again to buy land which is still cheap, such as land in remote areas, of course one day the price will be higher. Even in remote areas, it will definitely be expensive because land prices always increase every year. So that way will have the potential to get maximum profits, namely profits from investing in Bitcoin and also profits from investing in land.

and indeed if all the money from land sales is put into BTC it is very risky.

[libert19]

I actually learned this lesson by selling my inventory of a p2e game, I was enjoying the game so much but one day thought arose that I should sell it and secure my profits, I missed it a lot that got back to it recently and having fun back again. Lol.

..because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

I always say there is more risk than just volatility. Exchange you hold your funds can get hacked, you misplace your seed phrase (I read a post of similar happening couple weeks ago, although ending was positive), history have shown us even non-custodial wallets are not really secure (as case of atomic wallet).

Never invest more than you can afford to lose, no matter how much secure it may seem.

[Lida93]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Your two cents worth of advice is excellent, and it will help in accelerating the creation of a well-diversified investment portfolio. In this case, having only one investment makes it very difficult to achieve your desired goal due to the numerous lapses that come with having and maintaining an investment. Bitcoin investment is good and can be relied on; however, investing your money in land for future resale or use will also yield significant profits. What matters is how you plan your life and achieve your life goals. If the method you've suggested works for you, go for it; if not, you can always try another; what's more important is to try and invest in more than one investment with your money.

For a long term investment asset like bitcoin having a some other source of income inflow as backup can be helpful in building a good bitcoin portfolio whatsoever lapses that emerges in midway you wouldn't be forced to tamper with your long term investment bitcoin plans as your other source will cover for it.

Technically, if you had to sell a property or properties to get money to invest in bitcoin it then interprets that you don't have any other money left after using all to invest, and should in the process you had to face a financial crisis that entreat an immediate financial response you may either be forced to sell your coins or sell another property again.

Assuming you divided and invested  a higher percentage of the money in bitcoin and diversified  the rest amount into other sort of Investment. Under such circumstance the other Investment can be used in solving your issues that's why diversification is necessary as an investor.

[fullhdpixel]

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

It's not that simple.
When I see people recommend real estate investments over bitcoin, I answer them with this:
Would you recommend people to buy land in Ukraine now? In 2021 there was a popular new settlement near Kiev full of expensive villas. The place was called Bucha...

Saying that your real estate investment will always grow in value is pretty naive. Maybe if you buy an apartment in New York or London it will be true, but for that you'll need a million dollars or pounds.

I guess your investment plans and targets should also be based on where you live and what you plan to invest in, just as you said, in some countries, real estate might not be a viable investment solution while in some, it might be the best investment option. Now in a country that is hit by war, it is not profitable for someone to invest in real estate, but then again, how would someone know it before the war? So, it's a complicated situation and also not a very likely thing to happen as the odds are very small for such things to happen unless the country is always at war.

People in such countries should choose other investment options such as Gold or financial markets such as stocks or cryptocurrencies because these things are barely affected by war and even if the country is hit by another country and there is war going on, their investments won't be affected.

[Kristiyana]

Thanks for this post. Some people always do that out of greed because they want to make huge profit they will want to invest everything not knowing that what they are investing, they are not the one controlling it and some time what causes it is wrong analysis, maybe after running your analysis you find out that there's going be a bull run in a particular coin while the coin is going to take a bear, at that point in time you have done a wrong analysis. When should always try to know that we are not the owner of what we want to investing in.

[mamesso]

There is no investment that offers big profits without risk, but back to each individual's decision and how to manage finances, if you want to make a lot of profit, you have to be prepared for the risks. Bitcoin is considered a form of investment that has promising returns, which is why interest in Bitcoin continues to increase all the time. Volatility is one of the biggest risks in Bitcoin investment, so thorough consideration is needed before selling property or other valuable assets to invest in Bitcoin.

Using money they can afford to lose is better than taking big risks such as selling land, cars or other valuable equipment. You need a thorough understanding before investing in Bitcoin and considering how much loss you can bear. The key for people who are willing to sell property to invest in Bitcoin in the hope of abundant profits is patience.

[uchegod-21]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Everything is about risk, but then some people take more risk than others. While some wise people take calculated risk, some others do not take calculated risk. Some other type of people do things just because others are doing same thing. They forget that what really worked for Bob might not actually work for Alice. It is left for you to make your research and do what you think is favorable to you.

I have seen people especially in African countries who sell their landed properties just to travel to Western countries. It really worked for some people that they became rich and came back home to buy such other properties. But to others it didn't work for them, whereby they have to return home and become homeless because they already sold all their landed properties before traveling. I believe in diversification of investment, so it is not nice to put all your eggs in one basket. The advice is op is purely valid.

[Bushdark]

I don't think 'need' is the correct term, if we talk about investment and diversifying portfolio, investment itself is not a necessity, we can still survive without our portfolio. And people invest only after their basic needs is fulfilled. We could sell when we think we can make more profit in Bitcoin instead of in current investment.

Investment is very important for us to keep making money in the market and diversifying our portfolio can be very rewarding for us if we know how distribute our investments in a way that is going to be profitable for us. We can make money when we share our portfolio in different investments so if one is not doing well or bringing profits for us, one could turn to other investments for profit.
It also applies to cryptocurrency investments like investing in different projects so we can make money in the market without stress.

[Dunamisx]

One of the reasons why we make investments on profitable assets is to help us earn and never depend on having a single source for that, it will not make sense if we are having a profitable physical asset of investment that is yield and we are earning from such, then we discard and sell off all because of intention for making bitcoin investment, this isn't perfect enough because we should have at least more than one source of income, except the physical asset is no longer profitable and has turned a liability, then we can decide on selling and investing on bitcoin with the money.

[DaNNy001]

One of the reasons why we make investments on profitable assets is to help us earn and never depend on having a single source for that, it will not make sense if we are having a profitable physical asset of investment that is yield and we are earning from such, then we discard and sell off all because of intention for making bitcoin investment, this isn't perfect enough because we should have at least more than one source of income, except the physical asset is no longer profitable and has turned a liability, then we can decide on selling and investing on bitcoin with the money.

From where I stand on this, only a stupid person will actually sell off an asset that's quite beneficial to the person because I see no reason why anyone would even make such decision, because I believe no matter whatis planning or investment idea he has, having other means that can cover up for such plans is probably the right and best thing to do not letting go of an important physical asset just for the sake of making a move towards the particular plans in mind.

[Asuspawer09]

Personally, for me it just doesn't make sense to sell a house or land just to invest in Bitcoin, I mean if you already have it, for sure it is a much safer investment that you have than Bitcoin, mostly these things increase its value over time as well similar to Bitcoin plus its tangible assets compared to Bitcoin which is just speculation, price is just depending on the supply and demand on that market so you have no assurance in the end.

For someone like me who is investing and profiting in Bitcoin so that I could buy a house, land, etc., and make it a passive income it doesn't make sense to sell it just to buy Bitcoin, You have a point if it was just an unusable land for you, it's very far away and you just can't do anything about it, it would make sense just to sell it, then buy a new one that is near you where you could actually use, or possibly make an income out of it. Or even live on it, it's a good inheritance for your son and daughters having these houses and land, etc.

Keep in mind that Bitcoin is still a gamble it is not guaranteed to make any kind of profit out of it, just because you see people get rich on it, it doesn't really mean that you gonna get rich as well, there was a lot of things that you need to consider so make sure you know what you are doing.

[reagansimms]

Even though there is a big opportunity to make a profit, Bitcoin investment is like a double edged sword, at certain times it can provide profits and at different times it can cause large losses. You need to be mentally prepared when investing in Bitcoin because the movement is very similar to a roller coaster. This needs to be an important consideration for investors who want to sell other valuable assets such as land, houses or cars just to hope for bigger profits from Bitcoin investments.

Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.

[Mpamaegbu]

What I have to say is that instead of selling every asset to invest in bitcoin it is better to still have these asset and also try to make bitcoin another asset add to the existing ones.

People sell off assets to invest in Bitcoin simply because they don't have cash at the time an opportunity presents itself for investment and they don't want to miss that opportunity. For them, it's a juicy moment they shouldn't allow pass them by; so they sell off one to invest in another. Most times, those who sell these assets have a plan of rebuying them once they make nice ROI from their investment in Bitcoin. Whether it works out that way or not at the end is what we can't tell.

First I'll like to differ on the popular saying on this forum that we should only invest what we can afford to loose in bitcoin. I think that we should change that mindset, because it degrades bitcoin, like it's something that is not worth investing a substantial amount on. Among cryptocurrencies, bitcoin, stands out as a top valued asset that guarantees ROI for investors.

No one is disputing that fact of Bitcoin being top among cryptocurrencies but caution still has to be exercised in Bitcoin/crypto investments. This industry is volatile and full of uncertainty. Wait till you experience a bear season and you will realise why that caveat of only investing what one can afford to lose remains a maxim.

[Litzki1990]

Investing in Bitcoins by selling property, investing in Bitcoins by mortgaging your home, borrowing money from others, investing in Bitcoins, but there is no need to do these because the future of the investment is uncertain. Let's say you invest with a house mortgage and the person who gave you money in return for the house mortgage gave you a certain time to make the financial plan, but what do you do when the investment does not make a profit during that time? At that time, there will be a lot of pressure on your head, you will want to pay the person any way you can and when you see a loss in your investment, you will not want to sell your investment, which means you will be in a lot of trouble. So there is no need to invest by selling land or foreclosing the house but we should invest with the amount of money we can afford to lose and the amount of money we have.

[Alone055]

Personally, for me it just doesn't make sense to sell a house or land just to invest in Bitcoin, I mean if you already have it, for sure it is a much safer investment that you have than Bitcoin, mostly these things increase its value over time as well similar to Bitcoin plus its tangible assets compared to Bitcoin which is just speculation, price is just depending on the supply and demand on that market so you have no assurance in the end.

People who sell properties to invest money in Bitcoin barely do it for a security concern but they do it because they believe Bitcoin can generate quicker profits for them if the land or house they are selling has been bought or built for investment purposes. Some would even sell properties that they didn't buy for investment purposes which isn't what I would recommend as you said because it isn't worth it.

For someone like me who is investing and profiting in Bitcoin so that I could buy a house, land, etc., and make it a passive income it doesn't make sense to sell it just to buy Bitcoin, You have a point if it was just an unusable land for you, it's very far away and you just can't do anything about it, it would make sense just to sell it, then buy a new one that is near you where you could actually use, or possibly make an income out of it. Or even live on it, it's a good inheritance for your son and daughters having these houses and land, etc.

Different people will have different mindsets hence different purposes behind doing similar things. You might be struggling to earn some money to build a house, but someone who already has it might think they can earn money by selling it and using the money for investments.

Keep in mind that Bitcoin is still a gamble it is not guaranteed to make any kind of profit out of it, just because you see people get rich on it, it doesn't really mean that you gonna get rich as well, there was a lot of things that you need to consider so make sure you know what you are doing.

Even though I wouldn't compare it with gambling, I would still agree with what you said earlier that one shouldn't sell a property that they know is for use purposes unless they have it as something extra that they might have bought and they aren't using it or going to be needing it in the near future.

[Miles2006]

Why sell properties just to acquire an asset, op point is definitely valid cause in bitcoin investment we have both the bull and bear market so from my observation people who sell different kinds of property to invest don't think about the bear market rather they channel their thought towards the bull market. It's expected people like this will always want a quick profit, like I will always say there's no investment that's risk free but rather all investment has a risk attach and when it comes to bitcoin people usually mistake the price fluctuation as the risk but they fail to understand the security measures. Selling properties to acquire an investment (bitcoin) is wrong as no one can fully go into bitcoin 100% so people with this mindset should think about diversification not just bitcoin.

[Egii Nna]

Even though there is a big opportunity to make a profit, Bitcoin investment is like a double edged sword, at certain times it can provide profits and at different times it can cause large losses. You need to be mentally prepared when investing in Bitcoin because the movement is very similar to a roller coaster. This needs to be an important consideration for investors who want to sell other valuable assets such as land, houses or cars just to hope for bigger profits from Bitcoin investments.

Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.

Having valuable items is like a backup asset to you as an investor because any asset is also a long-term investment that will definitely save you in the future in case of any future endeavor. That is why it is called an asset. Even with the wisdom involved, I don't still think it is a nice idea to sell your asset to invest in bitcoin. why? Because bitcoin is directly a cyber investment that dumps and also rises, which is applicable to those physical assets, all of them are the same thing but have different risks, so if bitcoin is really a place to invest what you will be capable of losing, I don't think you are supposed to sell those assets because you will not be capable of losing them.

[martinex]

If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.

This concept is only understood by people who already have high talent in terms of investing, especially BTC. They always tie their belts tightly when they see a good opportunity in sight. In my view, this pattern can also be considered investment barter where the most prominent in the future is prioritized even though one of the assets is sold.

Regarding risk, there is certainly but the opportunity for return is also quite capable of buying similar assets that have been sold before. My temporary conclusion is that the world of trading and investing is only people who can and always win in this investment.

[Roser bouce]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

You are talking very important topic.Own property how to distribute it's very important.if any one think about anything buy and keep 3-4 year for profit it's good thinking.Also very important how many investment for particular thing.

[Yaqs15]

Before taking any big decision we should consider all our financial obligations and future needs. Be cautious and thoughtful when entering into any type of investment and Bitcoin is no exception. It is always best to invest with money you can afford to lose, as there are no guarantees in any investment. Taking out a loan or selling a property can be risky and can put you in a difficult financial situation if things don't go according to plan. Since money is personal, the decision must be yours. But those who gamble constantly lose money, at some point they sell their money or real estate and create a gambling mindset. I think they should invest in Bitcoin whether they understand Bitcoin or not. At one point they can see potential future profits, which are much less risky than gambling.

plan very well before action. when an individual acts before proper planing, such individual is directly planning to fail. So I suggest that even your assets which you feel like maybe have exhausted, don't just wake up and suddenly take decision of selling it. You have to think over it again and again to avoid regret at the end.

Actually, we don't need to sell the assets we own to start investing in Bitcoin. We can use existing money in the sense that it is money that we do not use for other things. That is to reduce any risk that might occur. However, we cannot prevent those who want to sell their assets from investing in Bitcoin. By selling the asset, we must be prepared if the price of the asset will increase many times over.

We can only advise them to use the money we can afford. Only people who have thought about the risks can decide to sell their assets to invest in Bitcoin. But for most people, they are better off using money that is not used for any needs.

But whatever decision they take, they must understand the consequences. And you also have to be ready for whatever will happen.

It's not advisable to sell your assets in the name of trying to invest in Bitcoin. How sure are you that it will work out fine in Bitcoin?
infact your assets most a time, are also consider as an investment since they are not liabilities, you are also expecting profits in return and if am not mistaking, that is exactly why you are investing in Bitcoin. So why selling it again?
I think this person should rather use the money that is left in his hands cash for this purpose and not selling of a particular asset. The idea is not a good one.

[Perfectbaby]

All landed properties is always needed people acquire lands to hold it for Long duration of years, so if by saying that people should sell what they don't use anymore then I will say car because car is adding nothing to our lives rather it would take from us by regularly servicing it and maintaining the car. For land you have nothing to spend on it rather to keep your documents safe and secure to properties, so sell properties is risk except for cars or any other automobile propertied.

[Nothingtodo]

I have sold three things so far to buy bitcoins and with these three things I did not make much profit selling my property because of the high bitcoin market when I bought bitcoins. But I made a profit of $60 when I sold one of my last pieces of gold jewelery and invested in Bitcoin.  So selling the unnecessary things that I don't need and investing in bitcoins is definitely not a bad thing.

[Sir_Garry55]

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

It's never advisable in the first place to be selling your property but there is a clause to that action which is, if the particular property isn't all that useful and maybe served it's purpose then selling it off isn't a bad ideas so far as the money gotten is used for better things then we are good to go especially if it's used for an investment means and not just any investment atleast something that can earn you profit in time coming and Bitcoin is the right place to throw such money.

[Zanab247]

Selling some properties that don't give you an advantage might be quite reasonable as long as you use your proceeds to invest in a secured and profitable investment. And bitcoin is right for it, but I suggest you don't have to invest all your profits just to maximize your investment profits in the future. Bitcoin is still a high risk asset, so invest with caution and always invest what you can afford to lose. That way, you can still use your remaining profits to buy a cheap property, or whatever investment that you think will be highly valuable in the future.

And that profitable investment, it should be BTC and it can give you double of what you invest because you sold the properties to change your financial level, and you must verify before making a final decision to invest the money.

Investing all your money you make from the properties to BTC, is not advisable because something can happen that will make you to need money to survive or solve some issues, but if everything is in BTC, it will not make you to be comfortable with your hodling because there is no money to solve the problem.

Bitcoin is obviously risky yet a profitable one. That's why try not to invest all in, make a leverage when you have gained already significant amount of profits later in the future.

You can divide the money into two, and invest half in BTC and use the remaining money to establish other businesses you can use to sustain yourself and family because BTC has a high risk but there are some benefits attached to it , if you can be able to endure through out the bear run.

[asarfiar]

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.

Thinking about the future is the work of the wise, every conscious person is always eager to reach his ultimate goal.
The main topic here is investing in Bitcoin. Here you have to make a decision using conscience and sense, no person or organization has the power to interfere with your decision.
It's fine if you sell your property and invest in Bitcoin, but don't let that property be your only means of living.
Yes, if the individual needs special money, then 50 to 60% of bitcoin canbe invested and the rest of the money can be used as part of the future.

[albon]

For me, I find that the best solution for investing in Bitcoin is for the investor to have a fixed source of income. I do not prefer for anyone to sell his property, inheritance, or even property that he does not need, as these old properties can be financially beneficial or needed one day in the future but may not be purchasable at their old cheap prices due to price increases, etc. or because Bitcoin does not yield the returns needed at that time.

Whoever does not have the capital to invest in Bitcoin must commit to financial management and risk management, make efforts in multiple jobs, and rely on more than one method to build their capital or sell their services resulting from their experiences and skills online. Also, it is best to refrain from taking loans or selling expensive assets like gold or property, as these assets are also real-world investments. We should not eliminate them to invest in Bitcoin and buy back what we sold later. Perhaps someone may disagree with me, but I am convinced of my opinion that Bitcoin is like other cryptocurrencies. However, it is the safest and should also be invested wisely and at appropriate times and periods.