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Author Topic: I returned my father's property to my father through Bitcoin investment.  (Read 353 times)
Essential10
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May 15, 2024, 10:57:22 AM
 #21

My father had two ponds basically my father had to tender these two ponds to marry my elder sister. About four thousand dollars are available by tendering these two ponds. However, my father is mainly involved in agricultural work and when he keeps two tenders in this pond, he suffers a lot. I used to think in my heart that I wish I could help my father but unfortunately I was a student and I didn't have the means to help my father at that time.  

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father. Sister's wedding cost father about 2000 thousand dollars and I invested the remaining two thousand dollars with my father's permission in September 2023. But really my luck is very good I bought bitcoin when it was 30K. Then when the bitcoin market reaches 70K I sell the bitcoins. But today I am so happy that I can give back the two ponds from which we earn our living to my father only for bitcoins.  Bitcoin really changes people's fortunes it happened with my life.  

Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.
You and your family are very blessed to have made four thousand dollars from the two pond tenders, which is quite a sum. The most important thing is that your father is involved in agriculture, probably they are not aware of such virtual digital currency and you have managed to convince your father to invest in Bitcoin as a student. Everything is coming together like a movie, when you invested in Bitcoin when it was under $30k dollars, where Bitcoin rose to $73k this year, you got hold of it and made a good profit. Bitcoin long term investment, You could have held it for a longer period if you wanted to because you saw that the price of Bitcoin has increased a lot in the beginning of this year and will probably increase even more by the end of the year, I understand that you did not need the money that you invested in Bitcoin very quickly. You could have kept it longer where you could have done more. Anyway everything is personal decision your money your decision you make. You got success from Bitcoin very quickly. Anyone wants to succeed from where he got success. Since you have sold your entire capital now if you want to invest in Bitcoin are you ready to reinvest $62k in the market!

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May 15, 2024, 11:06:29 AM
 #22

Investing in Bitcoin always feels different from investing in other types of coins. At a price of $30k you buy Bitcoin and sell it at a price of $70k, you have made a big profit. Why someone needs to have Bitcoin as an investment asset, in my opinion, one of them is an incident like what you experienced.
It is not uncommon for Bitcoin investors to earn huge returns when the price of Bitcoin soars higher than the purchase price rather than piling money into other coins.

What can be taken from your story, whether it is fictional or not, is that you are a lucky person. If at this time you continue to buy Bitcoin and hold it, you will have better luck when bullish.

R


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May 15, 2024, 11:40:09 AM
 #23

My father had two ponds basically my father had to tender these two ponds to marry my elder sister. About four thousand dollars are available by tendering these two ponds.
Where are you from? and why is it that your father has to be the one to sponsor the wedding ceremony of his daughter? it is not adding up.

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father.
So, you invested based on the opinion of your friend, if that is what you did, then you are just lucky if your story is true that your investment did not go sideways.

I will not advice any newbie to consider selling a family property to invest in bitcoins.
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May 15, 2024, 11:50:42 AM
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 #24

My father had two ponds basically my father had to tender these two ponds to marry my elder sister. About four thousand dollars are available by tendering these two ponds.
Where are you from? and why is it that your father has to be the one to sponsor the wedding ceremony of his daughter? it is not adding up.
From OP’s post history, he usually posts in the Indian premier league thread so I assume he is from India. From the Bollywood movies I’ve seen, it’s normal for the bride’s family to sponsor the wedding.

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father.
So, you invested based on the opinion of your friend, if that is what you did, then you are just lucky if your story is true that your investment did not go sideways.

I will not advice any newbie to consider selling a family property to invest in bitcoins.
OP may have made profits from his bitcoin investment but I do not agree with the way he went about it. Borrowing money to invest in bitcoin is a no no for me. In this case, OP had very little knowledge of bitcoin prior to making the investment which means a lot of things could have gone wrong. Luckily for the OP, all went well.

After such an experience, I would expect the OP to be more active in bitcoin discussions rather than gambling section but that doesn’t seem to be the case.
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May 15, 2024, 12:00:45 PM
 #25

Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.
I don't know if it's your luck to be at the right market moment or it's your knowledge. but from your story, I think you are just getting to know Bitcoin. Honestly, it's very risky, and don't try it again. now the price may not be as you expected in a short time.
Your luck is to buy at the right time and you get a good moment to sell. I can't imagine if the ending isn't what you expected. I mean you can't know the market, if the moment you need the money and you have to sell the Bitcoin you have but the price decreases, it will only make your father's head explode.
How do you convince your father with the remaining money you managed to invest?

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May 15, 2024, 12:08:53 PM
 #26

My father had two ponds basically my father had to tender these two ponds to marry my elder sister. About four thousand dollars are available by tendering these two ponds. However, my father is mainly involved in agricultural work and when he keeps two tenders in this pond, he suffers a lot. I used to think in my heart that I wish I could help my father but unfortunately I was a student and I didn't have the means to help my father at that time. 

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father. Sister's wedding cost father about 2000 thousand dollars and I invested the remaining two thousand dollars with my father's permission in September 2023. But really my luck is very good I bought bitcoin when it was 30K. Then when the bitcoin market reaches 70K I sell the bitcoins. But today I am so happy that I can give back the two ponds from which we earn our living to my father only for bitcoins.  Bitcoin really changes people's fortunes it happened with my life. 

Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.

Hey congrats! you're so lucky because by the help of your friend,  you've acquired huge money by investing in bitcoin. For sure, your father is very happy on your achievements however, Investing in bitcoin cannot change everyone's fortune overnight, It really requires skills and knowledge by doing it, it's just that, luck is really on your favor right now. There's nothing wrong in sharing your achievements because that's what makes you happy, but kindly refrain saying that "This can help someone to become rich once you invest your money in bitcoin" because it is not, there's no easy money, all of it requires hardwork.



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Rainbot
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May 15, 2024, 12:27:15 PM
Last edit: May 15, 2024, 01:38:21 PM by CryptoHeadlineNews
 #27

I invested the remaining two thousand dollars with my father's permission in September 2023. But really my luck is very good I bought bitcoin when it was 30K.
This sounds like an interesting story, but I don't know if I should believe it or not, because from the research which I did, I was able to find that the price of Bitcoin was never $30,000 in the month of September 2023 (i.e form 1st to 30th September 2023, the highest price Bitcoin rose in that month was $27,123/BTC, and never $30,000/BTC)  So I don't know where you got your own price from, and if I should believe this story or not.

Quote
Then when the bitcoin market reaches 70K I sell the bitcoins.
Secondly, you claimed you invested $30k in Bitcoin, right? and sold when it's value was $70k, so I will like to ask how much profit did you make, because with the emphasis played on how "Bitcoin change our lives" it just sounds as if you made 5 figures, which initially it's just 4 figures with a mere interest rate of 250%.

Quote
Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.
This is another misconception my friend, Bitcoin do not change lives overnight, because if it did, everybody here would have been multi millionaires by today, but rather it is an asset that prevent your fund from inflation, and likely to to change your life if been held over long period of time, and not overnight.

R


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May 15, 2024, 12:51:02 PM
 #28

Some comments on this thread are doubting whether the OP story is true or lie, but I won't worry about that because I'm not in his family to confirm, I however look at the bright side of the story, that Bitcoin, can actually change a person's fortune. The OP was lucky that he invested and within months Bitcoin price surged, and he was able to get more than double his investment fund in ROI, what if price had dipped instead, he wouldn't be singing this happy song. Bitcoin is a long term investment, not a get rich quick scheme, and I believe that anybody that borrows money to invest in it and wants to get profit on the short term is gambling his funds, because Bitcoin is volatile, it's price and pump and dump on the short term, and there's nothing that the investors can do about it.

R


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May 15, 2024, 12:58:25 PM
 #29

Assuming your story is true, then for you to have made enough money from bitcoin means that your investment portfolio was huge because profit in bitcoin is really insignificant if you are investing much.
Well, I am happy for you. As much as we want to encourage others to invest in bitcoin, we should endeavour to paint the true story and tell them the truth. There's no point cooking up misguiding stories.

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May 15, 2024, 01:24:24 PM
 #30

Investing in Bitcoin always feels different from investing in other types of coins. At a price of $30k you buy Bitcoin and sell it at a price of $70k, you have made a big profit. Why someone needs to have Bitcoin as an investment asset, in my opinion, one of them is an incident like what you experienced.
It is not uncommon for Bitcoin investors to earn huge returns when the price of Bitcoin soars higher than the purchase price rather than piling money into other coins.

What can be taken from your story, whether it is fictional or not, is that you are a lucky person. If at this time you continue to buy Bitcoin and hold it, you will have better luck when bullish.

I won't mention whether this story is fact or fiction but just because OP invested in bitcoin and got double profits, that doesn't mean we should rely on this to give advice to people should invest in bitcoin. What guarantees you that if you buy bitcoin for 70k$ and surely bitcoin will touch 140k$ and you will get double profit like OP got?

It is true that bitcoin still has the potential to increase in price but that does not mean there is no risk and if someone wants to invest, they need to have knowledge and choose the right time to buy. Don't invest in bitcoin like OP just because of your friends' advice. And don't be too subjective that bitcoin will bring us huge profits without any risks.

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May 15, 2024, 02:06:14 PM
 #31

OP, your family will be very proud of you for making your dad not to lose the pond, and also providing funds for your sister's wedding through your short-term bitcoin investment. If your story is for real, then I will say that you are very lucky to invest at that particular time that bitcoin price was at that amount, and it skyrocket too fast that you were able to me good profit from it. You are lucky today, amd might not be lucky tomorrow if you continue to use money for important purpose to buy bitcoin believing that you will make profit, it might become the opposite.

R


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May 15, 2024, 02:29:34 PM
 #32

It's true Bitcoin can across get ro positively impact your life when you across get ro invest rightly in Bitcoin, buy if you are not investing properly as you aught to it's very likely you wouldn't be able to maximize that which you could get from Bitcoin buy then it's very important to know that Bitcoin isn't a very Rich quick scheme so coming into Bitcoin as a newbie, it's important to know that it's possible you have to invest in a very long term before you are able to make money off it and at same time there are other people who could be lucky immediately they invest the price goes up and before you know it they could make ×2 or more of their capitals within a short time.

If you are investing in Bitcoin it shouldn't be with the kind of mind thst you are going to get rich almost immediately you will need some patience buy be sure you will make some profit if you are patient enough.

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May 15, 2024, 02:31:53 PM
 #33

Investing in Bitcoin always feels different from investing in other types of coins. At a price of $30k you buy Bitcoin and sell it at a price of $70k, you have made a big profit. Why someone needs to have Bitcoin as an investment asset, in my opinion, one of them is an incident like what you experienced.
It is not uncommon for Bitcoin investors to earn huge returns when the price of Bitcoin soars higher than the purchase price rather than piling money into other coins.

What can be taken from your story, whether it is fictional or not, is that you are a lucky person. If at this time you continue to buy Bitcoin and hold it, you will have better luck when bullish.
I cannot tell exactly that OP is lucky because he invested a lot of patience understanding the price volatility of bitcoin, and trusted bitcoin despite of its uncertainty, and now he is only reaping what he sow months ago. His investment has paid off and give him massive profits in the end. So it’s not actually luck, since he work on it to make his investment come into fruition.

R


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May 15, 2024, 05:23:00 PM
 #34

It feels great whenever I read or hear about successful stories specially when crypto is involve in it.
We know that this things could really happen specially to those who HODL, there are so many great stories about it and how crypto change their life.
I even know some people who manage to buy or build their dream house and even car because of cryptocurrency, this is also the reason why I keep on investing in it.
Hopefully one day I could also share my achievement with the help of crypto.



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Rainbot
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May 15, 2024, 05:42:00 PM
 #35

basically my father had to tender these two ponds to marry my elder sister.

There is a word or two missing here, right?

2 weeks ago, he said we shouldn't invest Bitcoin to get rich overnight and always have a long term plan. But now he's saying Bitcoin can change someone life overnight. Should we say @OP has a two personality disorder or what? Huh

I find it funny, that somebody with a personality disorder is inventing a story about fishing in order to fish merits, might be even funnier if he was also the fish Grin
But lately, those things have become boring, I've grown tired of all these garbage topics where everyone suddenly buys his house his car with bitcoins or starts accepting bitcoin for his business only to not once advertise that and let the topic die once it's clear he ain't get any merit for it.
Besides, quite interesting he felt the need to tell us the story now, not a month ago when he made that profit...

Anyhow, OP , you can simply show us proof you really did that, a 2k buy at 30k and a 4.6k sell at 70k. let's see some photoshop skills in action...

This sounds like an interesting story, but I don't know if I should believe it or not, because from the research which I did, I was able to find that the price of Bitcoin was never $30,000 in the month of September 2023 (i.e form 1st to 30th September 2023, the highest price Bitcoin rose in that month was $27,123/BTC, and never $30,000/BTC)  So I don't know where you got your own price from, and if I should believe this story or not.

Don't you dare bring facts to this fantasy world!



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May 15, 2024, 05:46:43 PM
 #36

Investing in Bitcoin always feels different from investing in other types of coins. At a price of $30k you buy Bitcoin and sell it at a price of $70k, you have made a big profit. Why someone needs to have Bitcoin as an investment asset, in my opinion, one of them is an incident like what you experienced.
It is not uncommon for Bitcoin investors to earn huge returns when the price of Bitcoin soars higher than the purchase price rather than piling money into other coins.

What can be taken from your story, whether it is fictional or not, is that you are a lucky person. If at this time you continue to buy Bitcoin and hold it, you will have better luck when bullish.
I cannot tell exactly that OP is lucky because he invested a lot of patience understanding the price volatility of bitcoin, and trusted bitcoin despite of its uncertainty, and now he is only reaping what he sow months ago. His investment has paid off and give him massive profits in the end. So it’s not actually luck, since he work on it to make his investment come into fruition.
One of the lucky ones in Bitcoin like this, I feel this is the result of very good research that he did. I am sure that before deciding on the choice to invest in bitcoin, he will look at the amount of supply available in bitcoin, and the price movement from the beginning of bitcoin to the current price. Armed with this knowledge and high confidence, he finally decided to choose this method to become rich. Luckily his father didn't set a time limit that could stress him out and disrupt his schooling.

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May 15, 2024, 06:32:33 PM
 #37

The story might be true or not, we don't know that. Let's say it it. It's clear that $2k is a lot of money for OP's father, so why did OP decide to invest it instead of investing his own money? I only hope he held bitcoin himself instead of on an exchange. I also don't recommend to anyone that they buy bitcoin just to sell it a few months later, especially when you have a target in mind that you have to reach to achieve something, like buy a house, or a pond, or finance a wedding. This is not what bitcoin is for and speculators usually get burned.

With that in mind, congratulations for achieving your goal, OP. Just hope that you don't gamble your father's money away now that you know you're in profit. It's very easy to spend other people's money.

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May 15, 2024, 07:02:20 PM
 #38

Bitcoin really changes people's fortunes it happened with my life. 
Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.
I first got confused when you said your father has to tender two ponds to marry your elder sister, I was like what, then I realized you want to say, he tendered those two minds for the marriage of your elder sister. Haha silly me. Well, I am glad that BTC worked well for you, I also invested in BTC when it was around $25k and I invested till $35k. So I don't know how but my average buying comes out to be around $28k on my exchange.

I am also glad that I made some profit, as I am not a technical trader, but now I understand you don't have to be a good trader, but some knowledge of the market can make you some money as part-time, but if you want to  take it as full time then learning all the skills from basics to advance is necessary. Well, BTC really helped a lot of people in achieving there goals. Although I still lack the money to achieve mine but Insha Allah with time I will reach there.

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May 15, 2024, 07:04:30 PM
 #39

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father. Sister's wedding cost father about 2000 thousand dollars and I invested the remaining two thousand dollars with my father's permission in September 2023. But really my luck is very good I bought bitcoin when it was 30K. Then when the bitcoin market reaches 70K I sell the bitcoins. But today I am so happy that I can give back the two ponds from which we earn our living to my father only for bitcoins.  Bitcoin really changes people's fortunes it happened with my life. 

Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.

I'm kinda of having some of benefits of doubt with this your thread, you know why? I will explain.

You decide to discuss this now despite the fact that you are active here and the last time Bitcoin was traded around $70k range was 5 weeks ago and quoting your state, you sold your Bitcoin at that price but didn't discuss this all this while but you decided to share that today. I'm not sure why but do you care to tell us why or your sister was married off today and you were over joyous.  Wink

Well, that said. Bitcoin helps you preserve value and it helps you appreciate your value and you have just tasted how valuable Bitcoin is, I hope you refer people more the same way your friend introduce you to Bitcoin, don't you think we will have more marriages for people who don't have means to marry! Tongue

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May 15, 2024, 07:04:57 PM
 #40

But really my luck is very good I bought bitcoin when it was 30K. Then when the bitcoin market reaches 70K I sell the bitcoins.
I think you might have invested in Bitcoin in early days of October 2023 because in the month of September its value was still under $30k and it even didn't cross $29k.

If your story is true than congrats you have achieved something good by investing in Bitcoin but if it's just created to fish merits then I must tell you that no one will send you any merits for this story.

However, I hope you'll earn better profits from Bitcoin again when you invest in it so you can create and better story and share the results as well. A story without proper results is almost a fake one these days.

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