YUriy1991
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December 12, 2023, 05:23:34 AM |
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Depositing money in the bank is really not a wise idea if we are intending to increase our assets. But when it comes to finding a place to store emergency savings, banks aren't as bad as you say.
Are there any fees that the bank doesn't take or are they lower if we have a bank account? For me, I don't consider depositing money in the bank as an investment, it's more like a place to save money in the short term. If we talk about investment, bitcoin, stocks, real estate... are places for us to put money. But the higher the profit, the higher the risk, the investment will be risky...so it can be said that depositing money in a bank or investing in bitcoin will have its own advantages and disadvantages. Nothing is 100% perfect.
I'm just a bridge to investment. If if I need to exchange my crypto assets into fiat. For other special savings, for example if you want to make a deposit, take a bank loan or something else.
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Ben Barubal
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December 12, 2023, 09:31:17 AM |
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it's a bold plan, and if it works, then it will really bring you huge profits. However, I think that you need to save some of the money you have in Fiat as an emergency fund. We don't know what will happen in the future, because as far as I know, there are many people who try to invest all the money they have, but they are forced to sell the investments they have cheaply because of an emergency. So, I think if you want to try investing in bitcoin for the long term, to buy land, that's not a problem, many people do that, but make sure the money for daily needs, savings, emergency money, and others is also met. because if not, then it could threaten your investment in the future.
It might be a good suggestion for OP and this suggestion might work for OP. The way OP posted that he is willing to invest all the money to buy his land, he may never have planned that when he needs the money, if his investment is at a temporary loss, he will have to sell his investment at a relative loss to meet his needs. In order not to have to sell his investment at a loss, OP can save a part of his total money if he wants so that he can meet his needs with the savings money if he needs it in the future. If I had planned to invest the money from selling my land entirely in Bitcoin, I would definitely save some money instead of investing the whole money. He probably knows what he is trying to do and already thinks about the consequences. Perhaps, it was a plan already and it was allocated to buy land but had changed and decided to invest in Bitcoin which I believe was a good idea. He can buy more properties if his investment goes well but if he just invests in land, he can't buy Bitcoin or start any investment because he has nothing already aside from the property he acquired. But yeah, he should not put all the money he has now since he is not working already, 75% is enough while 25% is reserved (IMO). OP only mentions that he is not able to buy the land he wants with the amount of money he has because the land price in the area where he will buy the land is very high and that is why he wants to invest the money to buy the land in bitcoins. The OP mentioned that he would invest all his money he would invest all the money he had saved in Bitcoin because if all the money was invested in Bitcoin then he would have to sell his investment in case of financial crisis later on. The investment will always be profitable but we can't say that because of the possibility of not having to sell the bitcoins later he is being advised like this. He may not have thought this way before making the above advice but if he reads our comments then surely he will think this way and it will be a good decision for him. That's it. At least for the things that he thought were good, bitcoin became his hope so that he could still get the land he wanted to buy, so for now he just has to wait for a bull run to increase even more the value of bitcoin until it maybe reaches the price of the land he wants to get. And in that regard, I don't seem to see anything wrong with what he sees for Bitcoin and what he sees as helping him with the problem he is facing. It's also rare that people pull out their savings from the bank to allocate them or exchange them for Bitcoin. And this was no joke decision for me.
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LDL
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December 12, 2023, 09:46:54 AM |
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I am a government servant, working in regional land office.
Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land. But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin.
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leonair
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December 12, 2023, 10:16:26 AM |
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I am a government servant, working in regional land office.
Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land. But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin. Bitcoin helps to make profit and it is a potential currency but it never guarantees profit to anyone in a certain period of time and because it is digital and decentralized still there are restrictions on Bitcoin in different countries so it is still very risky to use Bitcoin in different countries. Meanwhile, if the op is likely to face any problem investing in bitcoin, he can invest in land instead of investing in bitcoin, because bitcoin is never a guaranteed safe investment, as bitcoin has a record of crashing and profiting. But investing in land is much safer
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laurenB7742
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December 12, 2023, 11:11:25 AM |
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I am a government servant, working in regional land office.
Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land. But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin. Bitcoin helps to make profit and it is a potential currency but it never guarantees profit to anyone in a certain period of time and because it is digital and decentralized still there are restrictions on Bitcoin in different countries so it is still very risky to use Bitcoin in different countries. Meanwhile, if the op is likely to face any problem investing in bitcoin, he can invest in land instead of investing in bitcoin, because bitcoin is never a guaranteed safe investment, as bitcoin has a record of crashing and profiting. But investing in land is much safer Investing in land is safer than investing in bitcoin, but that doesn't mean real estate investing is risk-free. When investing in land, there are still unpredictable risks, no investment is risk-free. The important thing is each person's choice, if OP is willing to accept risks and challenges then he has absolutely the right and should invest in bitcoin instead of land. Since bitcoin's returns are so much greater than other investments, it's worth the trade-off. I don't know if OP's country bans bitcoin but if he can invest in bitcoin then he should invest in bitcoin rather than land.
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cheezcarls
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December 12, 2023, 11:22:05 AM |
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Investing in land is probably one of the best decisions that you will ever made to be honest. You know why? The land's value keeps appreciating overtime and it won't be saturated in many decades and centuries to come.
One of my close friends has invested in a 200 sq.m. land just near the city's airport which is a good location by the way while she's involved into Bitcoin and cryptocurrencies.
If my wallet was not hacked sometime last year, I would have used some of my spare funds to buy land at a good location. But it's not yet too late though as I am saving up and allocate some of it to buy my own land.
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LDL
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December 12, 2023, 12:42:34 PM |
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But investing in land is much safer
Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold.
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Manny@11111
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December 12, 2023, 04:59:54 PM |
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I always have this mindset of saving money in my bank account until my younger brother changed this mindset. Is a welcome development investing in Bitcoin and most importantly for a long time.
I believe you are now familiar with it and the market and that now is the best time to buy into it.
Wish you all the best as I can bet you will buy more than a land in the future.
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kro55
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December 13, 2023, 03:52:03 AM |
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But investing in land is much safer
Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold. It is true that investing in bitcoin is much riskier than land or gold, but the higher the risk, the higher the chance of profit. There will also be cases where investing in bitcoin will not be profitable even if we hold it for a long time. But the same can happen with land, because many pieces of land you hold for many years will not increase in value. Investing in land to make a profit also requires a combination of many factors, not just buying a piece of land and it will increase in price after a while. The demand for land and gold has been around for thousands of years and they have always been considered safe investments, not just a demand that has increased in recent years. But the biggest problem is that investing in land requires a lot of money and not too many people can invest in it while with bitcoin we can invest with any amount of money we have.
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DubemIfedigbo001
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December 13, 2023, 04:25:17 AM |
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. 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.
Welcome to making the best decision of your life, not only to purchase bitcoin, but to hold it for a long time and its very nice to note that you've other means of survival through your employment. This will enable you not to sell easily in time of need cos your salaries will be your backup. This is the best way to invest and I greatly applaud you for your thoughtfulness. One thing is certain, you'll get more money to buy buy lands where you wished after the bull run. At the time I planned it I felt I should have planned it earlier.
No time is late, my people says that whenever you wake up is your morning. You're still on time. If you start now, in the future some people will still wish they started when you started because of the gains you must've got then would be mind blowing. Don't forget to use non custodial wallets like electrum or sparrow to store your coins and keep your seed phrases safe offline. Well done.
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NewRanger
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December 13, 2023, 04:34:14 AM Merited by fillippone (1) |
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Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold.
The price movement system also varies when talking about investing in buying land. If it is strategic, the price potential is definitely strong, but if it is on the outskirts or not strategic, it could take a long time. I prefer BTC even though it is very volatile and that is not a problem for me. If I have time, I will also invest some of my profits in these assets, investing in land and gold.
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leonair
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December 13, 2023, 06:48:45 AM |
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But investing in land is much safer
Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold. Another reason to invest in land for profit is that it will give you the confidence to hold long term because you never want to sell land for some money in an emergency moment because in this case you have to go through a lot of paperwork but if you want you can sell bitcoins in just 1 minute. No hassles so don't hesitate to sell some bitcoins in your emergency moment. This will disrupt your long term hold. So if you are not interested in taking high risk then you should invest in land.
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Promocodeudo
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December 28, 2023, 03:41:35 PM |
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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.
Once it comes to investment the investor itself has the final decision to make, if your decision is to invest such money in bitcoin then it is good but I will advice you to divide that money invest some of it in bitcoin and still acquires the land because both the land and Bitcoin is excellent both having both investment is splendid, when it comes to investment, you have split the money because putting all you have in one is not advisable, no one can dictate what will happen the next minute, bitcoin is very volatile, I thank God that you said you are ready to hold, I must say that's a good approach, this has convinced me that you know about bitcoin, but I will also continue to tell you that you should not put all your egg in one basket.
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Games.Bitcoin
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December 28, 2023, 06:18:27 PM |
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You have made a really good decision. If you buy a piece of land now, what is the maximum price increase over the next five years? But if you don't buy that land and invest the money of that land in Bitcoin, it will return you a huge profit in the next five years with which you can buy land easily. Although investing in cryptocurrency carries some risk, invest carefully.
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jeha2015
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December 28, 2023, 07:16:10 PM |
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But investing in land is much safer
Investing in Bitcoin is undoubtedly riskier than investing in land. Investing in bitcoin may not bring profit even if you hold it for a long time but investing in land for a long time even if that land is sold then a certain amount of profit will come which you may not get for investing in bitcoin. Moreover, in the current context, investment in land and gold sectors is encouraged because the demand for these two assets is increasing day by day. If you don't have the opportunity to invest in bitcoins at present, it is recommended to invest in land and gold. All investments have risks, even though the risks are big and small, but the bottom line is they have risks. For me, there are other important factors why buying bitcoin is better than buying land or real estate as an investment tool. As investors purchased real estate, it became increasingly inaccessible to ordinary citizens as a basic need for shelter, both physically few people could afford downtown real estate, and financially it would result in a bubble, growing mortgage debt burden. Investing in bitcoin makes all owners of the bitcoin network richer and the growth of the price of bitcoin does not affect the cost of basic human needs such as food, water, energy, shelter.
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Fatunad
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December 28, 2023, 07:28:30 PM |
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I am a government servant, working in regional land office.
Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land. But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin. Bitcoin helps to make profit and it is a potential currency but it never guarantees profit to anyone in a certain period of time and because it is digital and decentralized still there are restrictions on Bitcoin in different countries so it is still very risky to use Bitcoin in different countries. Meanwhile, if the op is likely to face any problem investing in bitcoin, he can invest in land instead of investing in bitcoin, because bitcoin is never a guaranteed safe investment, as bitcoin has a record of crashing and profiting. But investing in land is much safer Investing in land is safer than investing in bitcoin, but that doesn't mean real estate investing is risk-free. When investing in land, there are still unpredictable risks, no investment is risk-free. The important thing is each person's choice, if OP is willing to accept risks and challenges then he has absolutely the right and should invest in bitcoin instead of land. Since bitcoin's returns are so much greater than other investments, it's worth the trade-off. I don't know if OP's country bans bitcoin but if he can invest in bitcoin then he should invest in bitcoin rather than land. If you do have that money then there's no need for you to choose since you could really be able to opt on having both things at the same time. It is really just that there are people who do really love on making some all in kind of decision on a single point and this is why they do make out those kind of options in terms of selections on which this is something that we would really be that having both if we are really just that serious on acquiring both things but somehow if we do speak about properties or real estate then it doesnt come cheap and this is why tons of people do miss out on making investment with properties but we cant really just deny that when it comes to passive and appreciation then this kind of business is really that something much prefer but since not all does have that finances that could get in line with this kind of business target then here comes crypto investment would be taking up place on which it does have that less amount to be dealt with but the profits or returns would be experience could be high but of course the risks is always there. When it comes to investment then it would really be always depending or according into your choice. Thing here is that you do make out those studies and consideration first before buying or taking up your position on which one you would be choosing then this is something a must thing to be done first before having those finalization.
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Sanitough
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December 28, 2023, 09:42:59 PM |
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At the time I planned it I felt I should have planned it earlier.
OP, never regret if you invest in Bitcoin, you found out today, that is the best moment for you to know earlier, try if you know about Bitcoin five or ten years in the future, be grateful you know now. There are no words too late or early, if we want to invest, especially in Bitcoin, we are sure that Bitcoin continues to grow from year to year, as technology progresses and advances. Maybe the motivation of the two people below will be the best motivation for you in the future regarding investing. 1. Topic: Farmer's Bitcoin Investment2. This 25-year-old says he's a millionaire after investing early in ether and bitcoin.My understanding is that what you are doing, in my opinion, is the best decision for your future in terms of investment and your economy in the future, continue to do the best things for yourself in terms of investment, especially in Bitcoin. Investing is always a good choice to improve one's present life status, but if you invest in the wrong coins or wrong choice of investment, you will definitely suffer losses after. Hence, focus on bitcoin and stop regretting that you're never early because once you invest in bitcoin, that's the best decision and that's what only matters. What you need now are concrete examples what bitcoin can do to its investors. If you invest right now, you might be included in one of those concrete examples in the future.
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lionheart78
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December 28, 2023, 10:11:54 PM |
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Investing in land is probably one of the best decisions that you will ever made to be honest. You know why? The land's value keeps appreciating overtime and it won't be saturated in many decades and centuries to come. I think it depends on the location of the land. There are locations where land appreciation is very slow. It will take decades or more than that to see a good amount of profit in buying land since the appreciation of the land is dependent on the development of its environment. While it is agreed that buying land is one of the better investments, the statistics show that in terms of profitability against time, the Bitcoin price history shows more potential in gaining much more value in a much shorter time. So in this case, it can be considered that investing in Bitcoin is way more profitable than buying land.
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Blitzboy
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December 29, 2023, 07:37:44 AM |
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I am a government servant, working in regional land office.
Most likely the country you live in does not have bitcoin legalization so you are not engaging in anti-government activities as a government employer investing in bitcoins are you? It would be wise for you to invest in land because investing in bitcoins can leave you with a government job for money laundering. That is why you should refrain from investing in Bitcoin for now and insist on investing in land. But you can invest in Bitcoin if you can invest in Bitcoin with special privacy protection. But I would like to tell you that your responsibility to protect your govt job first then please think twice before investing in your bitcoins. But if you can avoid all the hassles and keep yourself safe then you can invest in Bitcoin. Bitcoin helps to make profit and it is a potential currency but it never guarantees profit to anyone in a certain period of time and because it is digital and decentralized still there are restrictions on Bitcoin in different countries so it is still very risky to use Bitcoin in different countries. Meanwhile, if the op is likely to face any problem investing in bitcoin, he can invest in land instead of investing in bitcoin, because bitcoin is never a guaranteed safe investment, as bitcoin has a record of crashing and profiting. But investing in land is much safer Investing in land is safer than investing in bitcoin, but that doesn't mean real estate investing is risk-free. When investing in land, there are still unpredictable risks, no investment is risk-free. The important thing is each person's choice, if OP is willing to accept risks and challenges then he has absolutely the right and should invest in bitcoin instead of land. Since bitcoin's returns are so much greater than other investments, it's worth the trade-off. I don't know if OP's country bans bitcoin but if he can invest in bitcoin then he should invest in bitcoin rather than land. If you do have that money then there's no need for you to choose since you could really be able to opt on having both things at the same time. It is really just that there are people who do really love on making some all in kind of decision on a single point and this is why they do make out those kind of options in terms of selections on which this is something that we would really be that having both if we are really just that serious on acquiring both things but somehow if we do speak about properties or real estate then it doesnt come cheap and this is why tons of people do miss out on making investment with properties but we cant really just deny that when it comes to passive and appreciation then this kind of business is really that something much prefer but since not all does have that finances that could get in line with this kind of business target then here comes crypto investment would be taking up place on which it does have that less amount to be dealt with but the profits or returns would be experience could be high but of course the risks is always there. When it comes to investment then it would really be always depending or according into your choice. Thing here is that you do make out those studies and consideration first before buying or taking up your position on which one you would be choosing then this is something a must thing to be done first before having those finalization. Your investment outlook, especially in real estate versus bitcoin, is interesting but oversimplified. Why equate financial capability with the desire to diversify? Just why should we stick to what is commonly accepted? I disagree with this idea. Real estate is solid, but there are other ways to build money. Despite its potential, its high entrance barrier and lack of liquidity can make it unattractive. Crypto, the new child, disrupts investment norms! Yes, its volatile; yes, its risky. Isnt that where high rewards lie? I say take the chance, but be smart. Be cautious with crypto, but dont ignore its potential. Change the story. Investment goes beyond "either-or". Finding the correct blend for your risk tolerance and financial goals is key. My advice? Explore, educate, and empower yourself to make educated decisions by breaking the traditional attitude
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cryptoWODL
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 29, 2023, 01:24:08 PM |
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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 very good decision to invest in Bitcoin. But you said you have experience about Bitcoin ie you know about Bitcoin. You have been working at your regional land office for five years and during those five years you have accumulated some money that you intend to invest in bitcoins. Since you are looking to invest five years of your career savings in Bitcoin, it would be better for you to start from a working position. But even now you can feel free to invest in Bitcoin.
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