I will invest the money to buy the land in Bitcoin.

[leonair]

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

You can buy land at any place but it should be along a road then you will get good returns from it very quickly. The price of land keeps increasing because every country has limited land but the population keeps increasing. This led to a housing crisis and a rapid rise in land prices. So you can invest in land it will give you a secure investment opportunity.  And here the possibility of loss is very less

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

Investing in Bitcoin is better than keeping money in the bank, but you will not get a secure investment experience like buying land by investing in Bitcoin. Investing in bitcoins has a lot of risk, your money will not be in trouble like investing in land. Here you may lose a lot of money but again there is a possibility of high profit at some point. But I would suggest you to invest all your money in multiple things instead of just one thing

Your points are quite logical but if you invest in any land it may take 2-10 years or more for your investment to double depending on its position.  But according to Bitcoin's past track record it takes up to 4 years to make your money 2-5x depending on the timing of your investment and how low you buy from ATH. Because we all know about Bitcoin's four year circle and how true it is. So if he invests in bitcoins that is also not bad but he should definitely hold long term

[Latviand]

I'm sure you've heard it or have read already but don't invest what you can't afford to lose OP, 11 thousand dollars is a lot of money to dump in bitcoin and I don't even know if you're a newbie to bitcoin investment or not because that could mean a big difference, if you're a newbie and you plan to buy right now, you're probably going to panic sell when the price starts going down and see the value of your bitcoin go down but if you're not a first timer then it's probably the best time for you to get in even if the price is going up because that would mean that you can probably make more profit as you HODL until you reach a desired price to sell or if the price goes down when you were buying when the price was likely to soar even higher, then you will be able to endure the panic that's making you want to do stupid stuff like panic selling. Another thing that OP should consider is the legality of bitcoin because depending on where you live, you will likely be prohibited hopefully OP is somewhere that has a grey area when it comes to cryptocurrency.

[tottong]

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

That is a good decision because saving money in the bank is not productive and over time its value will continue to depreciate so it is better to put money in a more productive place. Regarding the risks, you don't need to worry and if you apply a long-term strategy to generate profits then just wait until the time comes and most importantly don't panic when Bitcoin experiences a sharp decline in the market. So I'm sure you and anyone else will not experience a loss in investing in Bitcoin because most people who experience losses are caused by a lack of understanding about investment and most try to sell bitcoin when the price falls.

You will definitely achieve your target for buying land after bitcoin reaches a new ATH and perhaps as the cycle progresses this will be a little faster for the investment period you make. Stay calm and continue to collect as many bitcoins as possible because you will get the hope of buying land after the investment goes well and your decision is quite right in my opinion.

[bayu7adi]

Hey, how much did you spend on Bitcoin from that 11k you had? I hope you've got some backup funds while making sure your main gig is running smoothly. Going all in can be risky. Imagine needing urgent cash when the BTC price is below what you bought it for ... that's a double whammy.

Think about a safe portion to invest in BTC. Bitcoin doesn't always guarantee profits. So, if you incur losses, don't blame Bitcoin later. What I dislike is when someone loudly calls Bitcoin a scam just because they had losses in the cryptocurrency space, especially with Bitcoin.

[Fiatless]

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

The price of Bitcoin is high now which entails that you might not make much profit like someone that bought early this year or last year. It also means that you are taking more risk since we don't know how high the price will go next year. If you can take the risk of buying the coin now, it will be a good investment but you can also intensify your effort in looking for a good house you can buy. Next time you will have to consider buying Bitcoin maybe monthly each time you receive your salaries.

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

Keeping money in a bank account is a pure waste of time especially in many developing nations that experience diverse economic problems. Some currencies have lost up to 50% of their value in a few years. Investing in Bitcoin serves as a strong hedge against inflation. But I am also happy that you are aware of the risk involved in investing in Bitcoin.

[Hyphen(-)]

I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

You have are making a good decision here because leaving your money in the bank will benefit you nothing, they will even be using your money for their investment and you will be charged for some maintenance and other charges, therefore leaving your money in your bank account is not a good option for future plan.

You are not too late with your decision, this is probably the best time for you because investing in what you understand and have feelings for for future is better than investing because of FOMO. Since you now understand the fundamentals of Bitcoin and how it’s work, you now understand how save your investment is with Bitcoin and you will gain money as profit when the Bitcoin market go up which is very good.

[Lida93]

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

Bitcoin, It's not bad choice of Investment against land as it has the potential to appreciate in value/profit within a  shortest possible duration let say 1-3 as the case may be, and particularly now we are having the bullrun in sight, and with the bitcoin ETF approval underway by next year.

Op since you've the knowledge about bitcoin I am  earnestly convince that you have thought this twice over, therefore you know what you doing. All the best with your investment.

At the time I planned it I felt I should have planned it earlier.

There is no missing out really despite that you didn't had this plan sometime earlier. The most important thing now is that you have eventually made the plan. Goodluck with that.

[syedakhlaque]

There is said" No risk No gain".You believe in Bitcoin. Trust your abilities. And you wanted to buy land with your savings. You could also get the benefit by keeping your account in the bank. But you thought it better to spend that money on buying Bitcoin. And you did well. Earn good money from Bitcoin. And with this income, he not only bought land according to his wishes but also earned more. And you are satisfied and happy with yourself. We are also happy to know that you have done a good business and we wish you to earn well in the future.

[Natsuu]

Its great to know your decisions OP. At first I thought it would be a wrong move for you to choose bitcoin instead of land because the latter has lesser risk right? And why would someone trade it for s crypto that is so volatile? But it seems like you already weigh the outcomes and you are very much decided to your choice so salute to you!

[sunsilk]

Good luck and congratulations for doing that. We don't hear this type of plan and admission at all times. As long as you have understood how volatile Bitcoin is and you're aware of its upside down movements then you're good to take that volatility that it has.

I admire you for doing that because for a beginner, most of the time we say to only invest what you can afford to lose but it seems that I don't have to say that to you. Based on what you've said, you're already determined and considered those things before even investing.

So, we go with the waves and roller coaster move of the market. We're all on this together so not just a good luck to you but to all of us.

And soon, you will be able to buy that land you're planning and probably a bigger part of it.

[Essential10]

Your decision to invest in Bitcoin will surely bring a good potential result in the future. Investing in Bitcoin can be a good opportunity for those who are willing to take risks and stay informed. Although Bitcoin has historically shown strong recoveries after price drops, there are no guarantees in the investment world. As you are planning a long-term investment, the big challenge now is how comfortable you are with Bitcoin investing in the current market hype. But I think you should go ahead and invest in Bitcoin right now. Bitcoin halving events have historically affected the market, but you should proceed with caution.

[ndutndut]

At the time I planned it I felt I should have planned it earlier.

Firstly, there is no written word for starting to invest in BTC, and your goal is correct. It is better to invest in BTC than to put your money in a bank where there is absolutely no profit there and even the value of your money will go down.

But of course, investing in BTC also has risks if volatility occurs, therefore you need to study it better so that your goal of growing your money is achieved. And I think the most important thing when you buy BTC is to choose a trusted exchange because there are so many fake exchanges. After you buy it, you have to keep it in a non-custodial wallet. This is necessary because your investment goals are long term.

[romero121]

Many people see bitcoin as a quick rich scheme without understanding the real potential of it. What OP have planned is really appreciable, because he had understood well about the market as well as the risks associated with bitcoin. Keeping hold in the bank doesn't let the investment worth $11k grow high. The same in bitcoin will assure of good return in the long term.

If if buy a land without proper analysis about the surroundings we might end up in loss as the value depriciates. The land value rise is mostly for the specific locations and investing on them needs very big money. With bitcoin the smallest denomination lets you to invest based on one's ability. Bitcoin investment assure you with growth, if you have the patience.

[carlfebz2]

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

Your money, Your rules!

Its none others business on what are the decisions you would be making since its your savings and not theirs. Its good to know that you are pretty aware about the risks involved on which this is something which its important to know in the first place. Now that you are deciding on buying Bitcoin then good luck! We cant really be able to draw out some conclusions whether this one might be ending up positive or negative
but in 5 years time then we can assume that we might already on higher price or value although it wont be an assurance but if i were you then i would be waiting up for the bearish market to come.
Just like into those moments where the market had gone down to $15k. Now that we arent still on a bull run period and since we are still that going for halving event then it would be wise
that you should be waiting up at least for that last dip before making some entry.

With this then you could really be able to enter on prices on which we could really say that this is something that you could maximize profitability. The only issue on this kind of method
or way, is on how you would be able to determine the bottom? 

[GeorgeJohn]

Since you want to invest for long term, you can invest in Bitcoin. Bitcoin should be a long-term investment, it has very low risk, and you can't even buy the land you want right now, so instead of putting money in the bank, invest in Bitcoin for the long-term. Because the price of Bitcoin is increasing rapidly. Its price may increase 50k this year. If you can invest for a long term of 2 to 3 years then what you invest now will get many times more returns later. Because the price of this is likely to be 100k in 2024 itself.

When you talk investment in cryptocurrency and long-term investment precisely then you talk of bitcoin because I know quite well that among others cryptocurrencies it's bitcoin that have a very big potential and we don't need to compare it with other coins in terms volatility, bitcoin survive every bear season and that is while every investor will advice to invest in with bitcoin, so therefore its obvious that cryptocurrency investment have to do with a serious precautions, so I believe that their is no altcoins that can have same or equivalent volatility bitcoin has, that's while it's recommendable to ensure you have to choose bitcoin as the best cryptocurrency to be invest for long periods of time.

[odunybiz]

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future.

You have really tried. That means you really knows the importance of saving for once future.

I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land.

You have really made a wrong decision here by saving your money in bank. It's better you make your money work for you to earn more than to save in bank where little interest is given and part of the money is been deducted as monthly charges.

If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars.

This is great for your country if you can save up to this in 5 years without embezzlement.

My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place.  

Land is a good investment if gotten in a good location. I think with the nature of your job, you should be able to get land where your money can be double within limited time.

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment.  

At the time I planned it I felt I should have planned it earlier.

You have made a great choice investing in Bitcoin. Make sure you have understand the pro and con of investing in Bitcoin for long term goal before investing. I will also advice you to diversify this your savings. Invest part in Bitcoin and use the remaining to acquire land even if it is in a common area where you are sure of profit, this profit can help you to solve some financial problem if it arises. You can as well use the remaining to start a mini business so as you to use the profit for some daily expenses within the family.

[darkangel11]

On one hand, the best time to buy bitcoin was yesterday, so you're late OP, but on the other, you're still early, but the more you wait the smaller return you can expect to have, although it's going to be big enough to satisfy your needs anyway (probably) because you can't get 200% return anywhere else, so that should be fine by anyone's standards.

IMO you chose the right investment, but I don't know your situation and it may happen that you need this money early and the return just isn't there. Usually people who invest their only available money are the ones that later come crying that they sold and lost it instead of holding.

[Lorence.xD]

Well, that is really hard work for years of saving money, but if I were compare the price of houses here in my country, I think 11 thousand USD won't be enough. Which is why your plan to invest in Bitcoin than saving it in the bank is really good, so the money could still grow and work for you than being saved in banks. Just remember that Bitcoin would be much more beneficial if you hold it for a long term investment, if you are planning to invest all of your funds I thin it would still be better to timing your investment based on the markwt, sadly the current state of the market is already high but doesn't mean you are too late. It is still up to you, it's your money after all, just do your own research first and invest at your own risk. Goodluck!

[_BlackStar]

Don't invest all your budget in any asset that you think has good potential for providing returns if you don't have a reserve budget. Keep in mind that markets are always at risk due to price volatility - but that's not the only risk you need to be aware of. The risks to your security and safety must also be considered - I mean you can still lose all your investments due to your own mistakes such as losing access to your wallet or your wallet being hacked.

Use a quarter of your total budget for investment - then you can buy and accumulate when the price of bitcoin falls. For you - I think DCA is very suitable because you have a monthly salary that you can probably still set aside for investment. So I repeat, use only a quarter of your current total budget for investment - then accumulate every month.

[Russlenat]

If that what you think about bitcoin, then put your trust in bitcoin and bitcoin will make it happen for you. Buying a land probably is everyone's dream most especially if you are just renting most of your life. But if buying a land creates a hassle on your part, then try to invest in bitcoin first and when you reap decent profits, reserve some profits to buy your dream land and use the remaining profits to reinvest.

However, since you have a huge amount of fiat right now, learn to manage your funds well and only invest on the amount that will not give you burden whenever you lose that amount. Bitcoin investment is known to be secured and highly profitable, but it does not happen with just a blink of an eye. One should work hard on it, and put maximum patience while you are in the process of long term hodling.