Only Sell what you don't need.

[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.