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

[SamReomo]

I would say that it's going to be a better choice to invest in Bitcoin and for that you should also try to follow a DCA strategy that would allow you to accumulate a lot of Bitcoin in short span of time and then you may hold those Bitcoin and earn good returns by holding for Bitcoin investment for at least a year or two.

You can also follow a dip buy strategy as that one has been helpful for many investors and they have accumulated a lot with that strategy but in order to do that you'll need to be active on the market by viewing the charts everyday for many hours and then you'll be able to know the dips and can accumulate Bitcoin during those dips.

I must say that you'll need to have a sperate system most probably a cheap laptop that only you can use and access. You should first clean up that laptop by formatting the all drives of that laptop and then install Linux based distro on your laptop to safely create your own personal wallet on that laptop. I would recommend you to use an open-source wallet software like Electrum for the purpose and then save your private key and seed phrases in a secure location in your laptop's hard drive as well on paper.

Then without a very small amount of Bitcoin into that wallet and once you receive the withdrawals then copy your wallet address and make that system air-gapped by turning it totally off and never allow it to be connected to any internet connection. Now use a different device to purchase Bitcoin and deposit the Bitcoin into that wallet and see your confirmed deposits via a block explorer. Wait for Bitcoin to gain enough value and sell it when you think you profits goals are reached. I hope that would be helpful for you. Best of luck.

[livingfree]

Definitely a good choice to invest in Bitcoin, but at the moment just wait for a correction, the price has gone up twice the price, for me now is not the time to buy, I know how eager you are to put the money in Bitcoin, but this is your first lesson you should not buy when the price is going up, instead wait, there is a time to buy and a time to sell, if you have ever decided to still push through I would suggest keep half, why? because in the event the price goes down you can still buy and add it to your portfolio.

I agree that he needs to be patient that he can wait for the correction. While we've seen the market moved up quickly, there will be some corrections that shall come and he needs to wait for it if he wants to buy a bit lower than the current price.

But there's also a good strategy that he can simply buy at any price which is the known DCA and there's no problem whether he buys to the top price of the current time.

Because a year or two, the price will be more than what it is today.

[Cryptomultiplier]

It's a very wise choice to invest in acquiring some BTC asset because for long term holders, it would pay better that saving in the bank.
One consideration I would like to expose, is that BTC is money and restricting it to only a long term investment plan is not using it for the full potential it stands for.

I like the fact that BTC is decentralized and devoid of any prying eyes that wants to know our portfolio and that's what makes investing in it, a solution to solve future problems or actualize future dreams.

[Mpamaegbu]

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.

The risk of investing in Bitcoin at this moment is minimal because of halving expectations and reduction in block reward. I can boldly advise anyone to take that risk with Bitcoin now than I would've done last year. Even if it dips after you invest, don't be scared. It's an upward movement from here. Though we will get some retracements on the way, don't panic. I took same decision and I'm already 20% in profit. I don't intend to sell off until after halving and beyond it.

[G_Besar]

Nowadays, many people are realizing that it is better to put their money in bitcoin than in a bank. They can still put money in the bank as long as it's the right amount and not a large amount. But if we want to collect a large amount, it is better to put it in Bitcoin or one of the other top 5 altcoins in the crypto space.

The suggestion you make does seem quite good if someone wants to use it, but personally I would only consider two coins if I wanted to put money into cryptocurrency. If I don't put it in Bitcoin, then another option is stablecoin which I have also trusted for a long time to put my money without any hesitation. Meanwhile, at the bank, I will only put what is necessary in moderation because I consider the bank only as an intermediary to make my work smoother if occasionally I need to make a transfer for my own work partner.

Even if I had a lot of money in the bank and had 100% idea or knowledge about Bitcoin or cryptocurrency, I would really pull out my money from the bank and exchange it for digital currency. And I don't regret it; that's why I salute the decision made by OP.

Everyone has different ideas for something like this, although I also wouldn't put all my money into the bank if I still liked and could afford to put it somewhere else like the crypto space. But because I still have to use the bank for certain things, I will continue to allocate money separately into several places even though I will only put what is necessary into the bank and the rest into the crypto space. And I think the idea you offer is also not so bad for everyone even though we don't have to equate our mindset with other people in this matter.

[Nrcewker]

This is really great to see that you choose Bitcoins for the investment. I am not saying that Bitcoins will give you guaranteed returns, but yes it’s the best investment option present currently which offers moderate risk and moderate profits. Land investments are also great, but there is many overhead associated with it later on. I would say OP, that you did amazing job. Now just hold the coins for some months and definitely you will see great profits later on.

[AnonBitCoiner]

Your choice of investment will be very profitable and I think  that you are not too late yet but if you are waiting till the Initiation of another year so may be you become late that time as bitcoin is going up and up in response of halving. Bank saving cannot give you much profit as that of bitcoin can give you but still there is a risk associated with bitcoin but as you have said that you know about risk then hopefully you will also know about the solution of this risk.

If you have some amount with the aim of using for emergency and also you can carry out your duties well then this amount is good for giving your profit. Always remember that before taking step into any business share your idea with your family as family can give you better decision instead of other colleagues of crypto world.

[Z390]

It's not a bad thing at all, but isn't that amount too much? Why not use half to invest in Bitcoin? Anyways the choice is yours, I sold my land last year to buy some Bitcoin and I was discourged by almost everyone that k know, it was a easy decision because I have more than one properties, and with the way things are going I might have to leave my country in the future, I haven't made up my mind though but if I have to I might end up selling more, but this type of decisions are not bad when you have more than one property, you can easily sell one to invest and keep the other.

I think right now is not a good time to buy Bitcoin, because Bitcoin just pumped over 42k and that's a bit high for me, if you want to DCA it's still better than going all in, I would rather wait for some pull back, maybe it can happen in few weeks later or by the early of next year, be patience and hold your horses for now.

[Ojima-ojo]

Honestly, you should have planned this way earlier than now, bitcoin is currently trading above $41,000, and by the beginning of next year, there is a very high possibility that this price can increase even higher than it currently is, and this simply means that, you may be buying bitcoin around $50,000 by the beginning of next year when you finally withdraw your money from the bank.

Assuming you had planned this earlier, there was a time this year when the price of bitcoin was around $15,000 or even lower, if you had invested $11,000 on bitcoin then, you would have gotten almost one full bitcoin in you possession right now, you will be in a very huge profit by now.
But anyways, I guess it's not too late, bitcoin is going above $100,000 in the coming bull run, so, it's still early to invest now before its too late.

[Victorik]

I really envy your courage, not everyone will be that courageous to invest all their savings in Bitcoin.
Moreso I respect the fact that you understand that this your investment could become nothing tomorrow because of the volatility and risk involved in investing in Bitcoin.
It's a good thing, and who knows your $11k could become $20k in this next bull run.

[Questat]

I really envy your courage, not everyone will be that courageous to invest all their savings in Bitcoin.
Moreso I respect the fact that you understand that this your investment could become nothing tomorrow because of the volatility and risk involved in investing in Bitcoin.
It's a good thing, and who knows your $11k could become $20k in this next bull run.

Not everyone because not everyone has also seen the potential of Bitcoin. But OP has a positive view of Bitcoin and a kind of investment mindset which drive his decision to invest in Bitcoin rather than buying land. He came up with that decision believing that Bitcoin could give him more profit which was unlikely to earn if he acquired land.

Indeed, the potential of making $11k can be doubled or even more when properly managed. Perhaps he knows the risk he faces so we could assume that he was ready enough to whatever happen.

[bettercrypto]

I hope everyone who saves money in the bank will shift to Bitcoin savings in the future. But I know that this is impossible; there are and still are people who will use banks and even in the private sector, especially businessmen and employees, of course.

Now, for OP, I am impressed with the decision; he has a full heart and trust in Bitcoin; he saw its potential from 2008 until the present that we are living now. It is rare for an employee like him to realize what he discovered in Bitcoin.

[tottong]

Everyone has different ideas for something like this, although I also wouldn't put all my money into the bank if I still liked and could afford to put it somewhere else like the crypto space. But because I still have to use the bank for certain things, I will continue to allocate money separately into several places even though I will only put what is necessary into the bank and the rest into the crypto space. And I think the idea you offer is also not so bad for everyone even though we don't have to equate our mindset with other people in this matter.

We still need fiat money as a life support measure and taking all our savings to invest in bitcoin will force us to engage in short-term trading to make ends meet. Unless we have another job to make money to make ends meet and buy something we need, it may be necessary to allocate investments and cash for daily use so that we don't have to think about getting involved in short-term investments.

We also need cash because it is for children's education, health and other needs and perhaps the allocation can be adjusted according to needs. The steps taken by the OP are right, but he also needs to think about cash as a process for buying something he needs. If he has other income it may not be a problem when he withdraws all his savings from the bank to buy bitcoin.

[Razmirraz]

The greater the profit offered, the greater the risks faced. The explanation you have given in Op indicates that you understand how Bitcoin works, the value of your money can change suddenly when market volatility occurs. I know, this is not about greed, but rather about future goals after comparing land with Bitcoin.
If you want to invest in Bitcoin, why wait until entering the new year. Aren't you free to withdraw money stored in the bank at any time, you can invest now, maybe when entering the new year Bitcoin will experience an increase in price which will make your money estimate increase even more.

[Suzume]

I think you can invest the money to buy land in bitcoin the idea isn't bad. If you are proparly able to invest your land money then go on. Becose you're buying land after few years the. Price of land increase but not that much increase. But if you invest in bitcoin in the right time then you can get 2x 3x profit easily. That's the reason if you want you can go for bitcoin investment.

[goldkingcoiner]

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.

Bitcoin has historically always been a safe bet. And while the future is not certain, our confidence in Bitcoin grows and grows. The price reflects this.

And soon Bitcoin will become really big - thats what I believe. ETFs are going to be offered to the average american Joe by the most professional brokers. This is going to pull in many old-world investors with immense fortunes.

 

[Dr.Bitcoin_Strange]

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.

I don't understand if you are talking about withdrawing the money from the bank by next year (2024) or perhaps you have been withdrawing it since the beginning of this year. If you had withdrawn the money earlier this year, that means you should have invested it in Bitcoin already when the price was still around $20k+ and you would probably be making more profit by now. If you invest now, hopefully the price will grow more than it is right now, and you will still make a profit if the bull market sets in. Waiting until next year before you invest might not be a wise choice because you don't know if the price of Bitcoin might have grown more than what it is right now.

[The Cryptovator]

I appreciate your decision. At least you realised how Bitcoin could give us a good return. Land investment isn't very profitable lately, especially for those we are related to who could make more money from Bitcoin. We just need patience for that. Because Bitcoin is a volatile currency, any time could dump it. So you have to be mentally prepared to encounter any kind of dump. More importantly, don't forget to store your bitcoin in a non-custodial wallet. Try to buy a hardware wallet for safety reasons.

[Lanatsa]

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.

Bitcoin has historically always been a safe bet. And while the future is not certain, our confidence in Bitcoin grows and grows. The price reflects this.

And soon Bitcoin will become really big - thats what I believe. ETFs are going to be offered to the average american Joe by the most professional brokers. This is going to pull in many old-world investors with immense fortunes.

 

There's no doubt with that and it had been proven already for a decade if we do speak about price potential on which it is really that worth on holding but i do agree into those words abotu safest bet
because there's no thing on this world that make out investment without having no risks. Yes, we can see that Bitcoin does have that kind of support but we know that not all would really be that having the confidence on investing through it because of those circumstances or things that they've seen online specially with government continous banning and involvement then it wont be that so shocking
that they would really be that hestiated on involving into. Now that you've decided whether you should invest the money you do have or not then its up to your own choice.

Just make it sure that you wouldnt really be making any regrets and dont invest on the amount on which you cant afford to lose. If you are planning on buying some lands
with investment profits then its not a bad idea but dont expect that prices or profits would really be that so easy.

[Pablo-wood]

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.  

It's better to play safe than risk it all. Land appreciates faster than Bitcoin in real sense except for Bull run seasons. Instead of risking all $11k on Bitcoin why not do a split on the money maybe a greater percentage could go for Bitcoin purchase while the rest on land. Reason been that no one can predict the future a need for the money might arise and that period might not be bullish enough to make some.profit before selling and might result in loss. To be on the safe side the land can be sold back while the Bitcoin remains even for longer term. Because so far the longer we wait the higher our chances of making something tangible out of our Bitcoin investment