Only Sell what you don't need.

[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#

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[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.