Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.
it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.
Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.
I agree to everything you said here buddy, investment in bitcoin is a very good idea, but selling off your house to invest in it doesn't sounds logical or wise because to build another house in a very good location can be very difficult, and as you have already said, no one is certain of the future of bitcoin, so their is no guarantee that it's going to rise and get to a million dollar anytime or in the future, so selling it off just to start your accumulation doesn't seems wise, the best thing to do is to invest in bitcoin from your discretionary income either weekly or monthly, that way is more better than selling off your house to invest in bitcoin, for an investment that is not 100% guarantee.
Of course, no investment is even close to 100% guaranteed, and each investment has its positives and negatives - including that some risks and costs are related to execution and some risks and costs are related to the asset itself.
For sure real estate is both a consumption good and its investment thesis likely varies from jurisdiction to jurisdiction based on property laws, tax treatment, and surely there are maintenance costs too and the benefits of living in residential property or perhaps earning income from property that can be rented out. Real Property tends to be a lot less liquid than bitcoin too, surely less portable than bitcoin, and harder to buy in smaller increments - even though the uniqueness of some property pieces might contribute towards its holding value and/or appreciating in value.
When we ONLY have so much capital to go around, sometimes folks who invest in property find themselves unable to invest in much if anything else because some pieces of property can be quite demanding on capital and there may even be some vultures in certain areas that prey upon getting debt holders into inability to pay situations so that they can take the property.
Many of us likely know folks who want to get into property based on the autonomy that can come from owning property, especially if the property is not overly encumbered.. Bitcoin could help to build up wealth to be able to later purchase property that has less encumbrances, even if it might be difficult to get rid of upkeep costs.
It is not necessarily a bad idea to sell some or all property to buy bitcoin, and individuals have to make those kinds of choices, and surely some folks want to have tie ins to certain communities, so they are not as bothered by the lack of portability and the community connection of real property.
It tends to be wrong for folks to be blanketly presuming property to be better than bitcoin based on tangibility calculations, including that tangibility can sometimes become a heavy cost rather than a benefit tied to property. Historically, especially if we look at longer periods of time such as 1-2 cycles or more, bitcoin has greatly outperformed almost any places in which someone might have had chosen to invest in property, and even if history cannot be used to establish future performance, there is no real evidence to suggest that bitcoin's investment thesis is becoming materially weaker relative to property - especially if we consider monetary properties rather than merely utility value and other ways of valuating property that are like to continue to be inferior to valuing in accordance with bitcoin remaining the soundest of monies currently available (even if many of us think of money as some thing that does not hold value - yet we likely don't understand money and/or bitcoin if we are presuming bitcoin to be an inferior investment to property based on our potentially wrong concepts of money and from where value is derived.
For sure bitcoin does not have to be an all or nothing either.. so if we recognize bitcoin as the most valuable place to put time, energey and value, then we should be figuring out ways to have some allocation to bitcoin, and since we ONLY have so much capital to allocate, we may well end up overly diluting our own abilities to prosper if we are choosing to get involved or stay involved in property based on criteria that merely make us feel good but might not be sound in regards to sufficiently/adequately protecting ourselves in financial ways.
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It is not a good decision to sell a building/ house and then to use the money to invest in bitcoin. Bitcoin is very volatile making it to be very risky.
Too bad that you don't seem to understand finances and/or bitcoin, even though you are participating in a bitcoin forum.
Investing anything other than discretionary income in bitcoin isn't a good idea.
You might be presuming too much in regards to resources that people have available, and it could well be the case that property is depleting (diluting them) from the discretionary income that they have.
Surely there are many possible property arrangements, so it is problematic to blanketedly presume property to be better than bitcoin in terms of an investment, especially when the opposite is more likely to be true. If you sell property, then the proceeds from the sale become discretionary funds.
Bitcoin investment doesn't guarantee Successful returns at the end of investment timeline, therefore it will be a mistake for an investor to sell buildings/properties in other to start buying/accumulating bitcoin.
With buildings/property you have a tangible good, and you may well have tangible costs associated with that property. There also may be some unknowns related to that property too.
In the end, you seem to be just making shit up to be investing in propertyis better than investing in bitcoin. Why don't you look for real, rather than making shit up. Look over the past 6 years, 8 years, 10 years? The longer you zoom out, the more obvious it should be that property's performance does not even come close to bitcoin's performance, and there is no real evidence to show that Bitcoin's investment thesis is becoming materially weaker relative to property.
You think that bitcoin's ongoing changes in prices and even underlying battles related to bitcoin cause it to be inferior to property? You are likely assuming without evidence to support such nonsensical claims, and hopefully for your own good you are not doing the dumb things that you are suggesting. I do understand that there tend to be a lot of start up and closing costs related to real estate, which can sometimes influence what people want to do and/or even lock them into property much longer than is in their own interest. Surely investing in and holding property tends to be better than holding cash, yet bitcoin is not cash, even though bitcoin can be used in similar ways to cash.
Even though you have been registered here for nearly 2 years, you might need to spend a wee bit more time studying bitcoin so you actually get some better ideas about what bitcoin is so that you don't continue to proclaim such dumb shit as if what you were saying is obviously true, when it is more likely the opposite of true, even if you latch onto a few facts like volatility which hardly determines assessing bitcoin or the likely benefits in investing time, energy and value into it, in regards to longer timeframes.
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In addition to what you said,
having a bitcoin target will also help a new investor stay on track on investing for long term because it will make him stay focused on accumulating without being distracted by the price of bitcoin or the size of his bitcoin portfolio and profit from selling prematurely. This is why a new investor shouldn't put profit first at the back of his mind so that he can be able to invest and build his bitcoin stash for the future.
To all beginner as well as anyone who hopes to hold Bitcoin for long term, having a Bitcoin target is very important. This is coz it helps them to be disciplined to focus on their accumulation instead of being tempted to sell before reaching their target.. That's being said, folks also have to understand that having a target mustn't always have to be fixed, it may very well be made flexible, this is coz there situations where someone income may improve, thereby having more money coming in. In such a situation, it is quite reasonable and understandable for folks to adjust their target and extend the period of accumulation to fit their income change
Once a person has systems in place, he might fall into a kind of set practice, yet there can be several parts of his
9 individual factors that might change from time to time, so there would be times in which it would be good for him to tweak (or consider tweaking) aspects of what he is doing based on changes that happen from time time... especially if some kind of big changes happen regarding his discretionary income.. yet there can be other changes that end up having effects on how he might be executing his bitcoin investment practices and/or his cashflow management practices.
Let's say, for example, a guy in his late 20s who earns around $30k per year, had been investing around $100 per week into bitcoin for the past 3 years, so he had invested right around $16k into bitcoin over the past 3 years, since the beginning of 2023. All of a sudden this hypothetical guy receives $10k based on an inheritance or perhaps based on some business deal or perhaps there could be some other reason that he receives such extra money.
In this case, the guy realizes that he had received enough money that equals right around 2 years of his investment into bitcoin amount.. so then suddenly he has more bitcoin investment options that he did not previously have, so he might spend a few days looking at and calculating out how he might invest the money that money into bitcoin (with DCA, buy right away and/or buying on dips that might not happen).
Also, the guy could consider and/or choose to shore up his back up funds and/or to consume some of the money. Of course, if he already has bitcoin investment systems and practices in place that help to give him guidance, and since he had already been investing in bitcoin for 3 years, he already recognizes a certain level of priority that he had been giving to bitcoin investing and building up his bitcoin stash, especially if other aspect of his financial life and his psychology had already been put in an already good place through his shoring up of his various investment and cashflow management systems over the prior 3 years.
Guys can do what they like, yet if they have good practices in place, they are likely to follow those good practices, which also might be true if they were to have bad practices in place, they might be lured towards the bad practices based on their not already having good practices in place. We cannot know what different guys are going to do in similar circumstances, even though surely there is value in regards to trying to reinforce your priorities on a regular basis, which is part of the reason that I suggest that guys who are in their bitcoin accumulation stage to try to get into a habit of trying to buy bitcoin every week, if they can..
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I am also never in favor of this, since Bitcoin does not guarantee us to become rich, so considering the risk involved here, we must be limited to our capabilities.
Of course, each of us has the right to do whatever we like, even dumb shit.
I have frequently suggested guys invest into bitcoin as aggressively as they can without over doing it, which has been quite a good approach to bitcoin... especially the longer that we zoom out 4-10 years or longer.
Because this risk may be the reason for our failure, but then if the matter is not within our capabilities and the amount of this loss exceeds our capabilities and leads to a much larger loss, then the matter may be even worse. So we must always decide to invest scientifically through our discretionary income, not by selling any asset,
Even though you have been registered on this forum for close to 2.5 years, you sound lost GIF-JOBS in regards to your lack of understanding of the value of bitcoin as compared with property (and/or other assets), and I am not going to repeat my earlier responses (above in this post). ånd yeah too bad that you seem to have not really learned about bitcoin during your so far time participating in the forum.
because everything is an asset to us and we have to protect ourselves in each relationship, if we want to create Bitcoin assets by selling another valuable asset, But due to volatility and panic selling, we may not be successful in this, then we will lose our previous assets.
When reallocation is done from one asset to another, there is no reason to panic in the way that it is carried out. It tends to take years to build up a bitcoin allocation, even if a person might be able to front load into bitcoin by reallocating from other assets that they have.
By the way, anyone who had built up wealth, prior to getting into bitcoin, and if they held their wealth in a liquid form, such as cash, they were likely royally fucked by such a decision, especially if they were holding more than 3-6 months of their expenses in cash.
Guys who have held value in property and/or other assets might have done better, and surely one of the problems with property is that it can be costly to get in and out of it.
And, all assets are not the same.. they are held in differing kinds of ways, whether we are referring to property, stocks, bonds, commodities, business ownership, cash (or cash equivalents), and/or even shitcoins (not that I am suggesting that there is much if any utility in guys to hold shitcoins, even though some guys will do that).
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In addition to what you said,
having a bitcoin target will also help a new investor stay on track on investing for long term because it will make him stay focused on accumulating without being distracted by the price of bitcoin or the size of his bitcoin portfolio and profit from selling prematurely. This is why a new investor shouldn't put profit first at the back of his mind so that he can be able to invest and build his bitcoin stash for the future.
To all beginner as well as anyone who hopes to hold Bitcoin for long term, having a Bitcoin target is very important. This is coz it helps them to be disciplined to focus on their accumulation instead of being tempted to sell before reaching their target.. That's being said, folks also have to understand that having a target mustn't always have to be fixed, it may very well be made flexible, this is coz there situations where someone income may improve, thereby having more money coming in. In such a situation, it is quite reasonable and understandable for folks to adjust their target and extend the period of accumulation to fit their income change
Having a good investment plan is paramount to a successful investment. Therefore I believe for an investor to be able to achieved there long term goals they should determine before hand the amount bitcoin they plan to accumulate and the time line they plan to hold before thinking of taking out profit from there investment. There should also be a kind of plan to set up a kind of backup funds incase of any challenges that may want to halt or push an investor into tempering with bitcoin investment.
It seems a bit abstract to proclaim that it is practical to set goals that relate to how many bitcoin (or satoshi's) to accumulate without some reference to dollars and/or maybe how many years of your expected annual cost of living or if you might have some other goals with your bitcoin. Surely some guys want to gather enough bitcoin to be able to sustainably withdraw from it, and other guys have some kinds of purchases in mind regarding what they might want to buy with some portion of their bitcoin or all of their bitcoin.
Of course, one of the ideas of sustainable withdrawal is to get to a status of bitcoin accumulation in which you are always in overaccumulation, even when you have established a dollar (fiat) value of an amount of bitcoin that you would like to withdraw on a regular basis, whether that withdrawal amount is meant to completely support your standard of living or if the amount might be meant to supplement other sources of income that you might have (or plan to have).
To me, some kind of a sustainable withdrawal plan seems more justifiable as compared with a plan that merely intends to withdraw large amounts for either investment or consumption purposes, even though I can see that some guys would want to put money into some kind of an investment that would allow them to draw income from that investment/business... whether that is superior or inferior to keeping that value in bitcoin is for each of the individuals to choose, and we sometimes will make mistakes too... .and some mistakes (related to bitcoin investing) we cannot go back, and so if we might have ended up spending 4-10 years or longer accumulating bitcoin, but then we end up misusing the bitcoin, we may well not be able to reaccumulate even close to the quantity of BTC that we had accumulated prior to our sale (or even the quantity of bitcoin that we could have had if we had stayed focused on accumulating bitcoin to make sure that we get to a sufficiently high enough amount to support what we would like to do with that bitcoin.
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The major drive to a healthy bitcoin accumulation is investing off your discretionary income. Even if anyone should sell a house or building probably because they're into real estate the only permitted allocation for bitcoin accumulation should be from some part of their profit which they may consider as discretionary fund while other parts go back into the business and their basic need.
I wouldn't advise anyone to take the approach of selling their property to invest in bitcoin because after selling that property to invest what happens next when there is nothing else to sell
It's better they source for another job that can generate discretionary fund after major expenses have been covered before getting started in the first place.
It depends on the kind of property that is being sold in order to determine the extent to which any of the proceeds of the sale might need to be held back rather than put into bitcoin. There are scenarios in which all of the proceeds of the sale has become discretionary funds, which means that all of it could go into bitcoin... so there might not be any justification for holding back any of the proceeds of the property sale.
Of course, some folks might have ownership over residential property, so then if they sell the residential property, then they would end up paying rent or entering into some other lodging arrangements that might have different costs as compared with their prior ownership of the residential property.
We cannot just blanketedly presume the costs and/or benefits of each property arrangement as compared with holding some or all of the value from the proceeds of the sale into bitcoin. Some of the costs and benefits are short term and some are long term, and of course, the further that we project out, then we might not be able to be as accurate regarding the longer term projections, yet if we had ended up selling property, then there can be several options regarding where some or all of the proceeds can be allocated, and the proceeds of a property sale are more likely to be divisible as compared to when the value was locked up in the property itself.
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Without a mature plan, there is very little chance of success in investing. Before investing in Bitcoin, you need to be aware of how much you want to collect, how long you want to hold it, or how much you have the ability to hold and invest according to your financial situation, and whether you have the ability to keep your own mentality unchanged. All aspects have to be considered, because weakness leads people to failure. And this is why we have to be careful in all aspects and make the investment decisions is a long-term investment. We know what the minimum investment period is, when we hold a cycle, we will start expecting significant success, and if we hold it consistently for two or three cycles according to everyone's ability, the possibility will be in your favor.
In order to get started investing in bitcoin, you don't need to figure out a long term and/or mature plan.
To get started all you need is discretionary funds and common sense. You can work out (and even mature your plan) as you go.
I have no problem with establishing solid and well-thought out plans, yet they do not need to be started before getting started.
For example, a person who has common sense might hear about bitcoin and look into it for a few hours and look into his finances for an hour or two, and upon such cursory review, recognize that he could invest around $100 per week, yet if he is just getting started investing that into bitcoin, he might decide to purposefully reduce the amount and start with investing $30 per week into bitcoin while he is looking into the matter further... Therefore this guy has gotten started investing in bitcoin and even thinking about how to potentially strengthen his cashflow management systems/practices and also he can figure out how is going to schedule his future time to look into the matter further and to continue to proceed while considering his
9 individual factors. He does not have to have any of his 9 individual factors figured out prior to getting started as long as he figures out that he has discretionary income and he is employing common sense.. and guys with common sense do not get into any investment (whether bitcoin or anything else) with a purpose of losing money, even though we invest into bitcoin with discretionary funds and also funds that we have determined that we can afford to lose such funds that we put in... just like if we choose to buy drinks at the bar. We are not getting that money back once we spent it.. and maybe or maybe with bitcoin we mayor may not get the money back, yet we are not investing with an expectation to get it back, but to put it in for 4-10 years or longer (even if we might not start out with our bitcoin investment with a mindset to commit to investing into bitcoin for 4-10 years or longer).
