I choose peace 🕊️

[betswift]

As a Nigerian, I understand everything you said and have also experienced ugly situations that poped up from land dispute. A brother can kill his fellow brother for their family land and the government wouldn't do anything. You can wake up one morning to see that the government have issued you papers to evacuate your landed property. In the olden days, land was what you use to measure the riches of a man but not nowadays, that there are different asset with good ROI than land.

Bitcoin is good especially, when it's in your custody because no one will be able to know the measure of your funds invested into bitcoin. If you keep your bitcoin investment secret, nothing will happen to your investment.

Better for it to be that way than to have a big target on your back..

Staying humble is a way to go.

[lionheart78]

Does this not apply to Bitcoin, too? If your government decided to confiscate Bitcoin, then your government will confiscate it.  This is not different from the land issue.  After all, as you stated everything belongs to the government.  Even precious metals are not excluded too.

Mentioning precious metal, I think there are instances where a government implemented a limit on the ownership of gold and then confiscated or forcefully sold the amount of gold to the state that exceeded the limited allowable gold ownership.

If you don't use centralized entities to expose yourself to BTC - then, no. How would they know in the first place about it?

You got a point here, but in case the government really pursues the confiscation of BTC, the question would be, can we really avoid a centralized platform or not being detected while actively trading with Bitcoin?  Can we really deal with P2P exchange without the government busting us?  Who knows, in the P2P market platform, some authorities might be pretending to bust people who are illegally transacting BTC.  I bet you know that this method is very effective in dealing with illegal trades.

Anyway, I am just playing the devil's advocate here, but I see that we are all optimistic about Bitcoin, and many think that there is no flaw in it.  Many think that Bitcoin will perpetually go upward, but I just want to somehow point out the reality.  There are no permanent in this world, some how it have to become obsolete, no matter how long they dominate the industry, just to give way to new trends.

So, from here, I would say never underestimate tangible assets, especially ownership of land. Yes government might use them, but for sure, they will buy it from the owner. If the government is not corrupt, they will buy it at the current valuation price.  For sure, if the land was bought in earlier years, and the area around it was developed, I am sure that the owner would have a massive profit from it.  That is as long as the person has all the documents of the land ownership.

Many people who don't have any titles act as if they own the land when they are just squatting on that area.  And when the owner or the government takes that place, they are ungrateful and comfront the owner aggressively as if they are the one who own the land.  This cases often occur in a developing country where squatting is rampant.  These "squatters" are let to settle on the land they do not own without paying anything  and when the owner wanted to use the land, these ungrateful squatters become aggressive or feel hateful to the owner.

[Smartprofit]

I really enjoy listening to economist Andrey Movchan's podcasts on YouTube. Among other things, he talks about the economies of different countries. One of his videos was about Nigeria. 🙋

Andrey Movchan explained that, surprisingly, Nigeria and Russia are very similar in terms of economic development. Both countries have roughly the same population (approximately 150 million people). Both countries actively export their natural resources. Both countries are characterized by very high levels of corruption... 🙎

Unfortunately, I've never been to Nigeria (or any other country on the African continent, for that matter). However, I've already realized that wonderful people live there! And their problems are very similar to those of people in my country.

Personally, I'm also very skeptical about buying real estate in my country. Unfortunately, property rights in my country are very poorly protected. The judicial system is practically non-existent. The average person has no chance of standing up to any member of the ruling clique.  Therefore, I completely agree with you that Bitcoin is the best investment. Only Bitcoin allows you to control your assets independently, without being dependent on intermediaries, officials, judges, etc.

[nakamura12]

I say we all have our own decisions and wha we want to do and it also depends on the situation on where you live like what you mentioned that investing in lands or owning lands isn't a good choice like you explained in your country so investing in gold or bitcoin are your main choice. There's nothing wrong with it since it's your own money anyway so, you should do what you think it's best for you rather than doing what you already knows what will happen. Even here in my country even though it's not the same as yours but there's still conflict on land between people (mostly siblings).

[sunsilk]

That makes sense if the laws about obtaining and owning a land in your country is so unpredictable. Even I if I am in that kind of situation, I'll choose peace of owning my assets in the form of Bitcoin rather than diversifying it with real estate or lands.

It is not surprising that governments can do whatever they want even if there's the rightful owner of the property. If they want to take it, they'll do everything in their capacity to do it.

They could pay the owner or they could just put it into court and get that land without spending so much money.

So, there are two sides of stories why you don't like to diversify in lands. While for the others who are in a stable economy and country, using their Bitcoin profits for buying land is a good option.

Bitcoin provides the biggest opportunity there is - freedom. Freedom from being dependent on someone besides yourself for things you own.

And this factor will always outweigh any other pros there may be in any other type of store of value.

Yes, freedom is. No third parties, no centralized unit that has the control of it. And so anyone who owns it, has the full control in it.

This is not being discussed by the banks and whoever are against Bitcoin because they don't like it. What they believe is that no control in it means that it will be useless to them.

But no, no control on it means that it cannot be manipulated by any central power like the government.

[Satofan44]

I am going to have a land and still build a house on it, but I choose to remain rich in Gold and Bitcoin rather than Lands, so that in future even if my land is taken from me legally I can find somewhere else and build another instantly.

This is an unfortunate scenario, but you must remember that even by simply living in places like this that you are contributing to the problem. We are not given a choice whether to pay tax or not, but we are given a choice as to where we want to live. Most people refuse to move out of fear of the unknown, some others because of dumb sentimental reasons. The best thing that you can do is to hide your wealth in Bitcoin. However, the second best thing is to leave a place like this behind completely. You must remember these 2 things in mind:

• The gold can be physically taken away from you.
• Non-anonymous Bitcoin can also be taken away from you, using physical methods. Only Bitcoin for which there is no proof that is owned by you can be considered fully safe. People forget the $5 wrench attack. Amateurs could beat out the Bitcoin from most people, you don't want to image what professional tortures could do to you to give it up. However, you can't give up what you don't posses and what nobody suspects that you posses.  

I understand that there are cases where it is absolutely in the best interest of everyone for the land to be sold to the government in order to complete some important projects. There is an argument to be made in favor of this, as there are extreme cases of some stubborn idiots who are causing damage to everyone by refusing to move. Nevertheless, in these cases the compensation should go well and beyond the actual market value of the land and house that is on it. This is because the person is not leaving by choice, but being pushed to move out. To them, the value is much greater than the market price so there should be some reasonable compensation for that too. What often happens these days is that the compensation is ridiculously low as the government tries to save money this way so that they can pilfer more from the budget themselves.

Andrey Movchan explained that, surprisingly, Nigeria and Russia are very similar in terms of economic development. Both countries have roughly the same population (approximately 150 million people). Both countries actively export their natural resources. Both countries are characterized by very high levels of corruption... 🙎

Don't you worry, countries such as those that are part of the EU are extremely corrupt too -- they just hide it in a smarter way. Eventually, other countries like Russia and Nigeria will evolve to hide corruption better and they too can rank highly in corruption indexes with other countries that pretend to have corruption nearly solved. 

[Easteregg69]

We got Franklin Templeton from Franklin united.

[Botnake]

Land may be a good investment also in my own country, but same with your country's case, it could not be totally yours once the government will target it for public use. So definitely, your decision to stick with bitcoin or gold is right, at least you know no one would claim your hard-earned investments but only you, except if you end up falling into scammer.

Invest in where you think you will gain peace and good retirement, invest in which will make you profitable in the long term, and bitcoin is perfect for it.

[death69]

You are not choosing bitcoin because it is trendy or because some influencer told you to. You are choosing it because your reality taught you what the cost of ownership is when the system is rigged. Bitcoins is about getting yourself out of fight you can't win. No one's breaking into your house for your seed phrase because no one knows that it exists. No demanding bribes from government official to "process" your Bitcoin. No neighbor's hiring to someone to intimidate you off your property on the digital. The asset itself is conflict-proof by design. Gold works similarly but it is harder to move hard to hide in quantity. Bitcoin's better for your specific situation: Have your money instantly, anywhere in the world, it's yours if you have the keys. You can construct anywhere without having to physically move value between borders and checkpoints.

Your uncle's death should have been a scandal on a national scale. Instead it is no more than a statistic in a system that treats citizens like tenants. Bitcoin does not make that system better but it allows you to opt out of the most violent aspects of that system. Though maybe I am just romanticizing code because I have never had to escape with my wealth. Hard to say.

[FirmWars]

By right if the government wants to take a land where there are already occupants, they are supposed to pay a good compensation to the occupants in that land. I know this might not be the same for every country but in Nigeria, according to the 1999 constitution section 44 and the land use act, when government wants to acquire a land for public interest, they are to pay a compulsory  and an adequate compensation to the occupants in that land, for example if you have built on your land, they are to pay a compensation before demolition, but if there's no investment yet on that land (if it's just a bare land) you won't be compensated.

It seems corruption has made the office in charge of those things not to look at the constitution before they act. The corruption also extend to some real estate companies in this our country, if you are not careful enough, you will be duped, they will sell a fake land to you but you can prevent falling victim if you get a lawyer that will oversee all the process of that estate before giving you a go ahead approval to buy the land.

It's fine if you don't want to go into land investment in Nigeria because of the risk which you are not ready to face but you can get just a land to build your home or better still you can buy a house.

[red4slash]

I don't want to classify this in just one country because I'm pretty sure about this land mafia in countries that are still in development there will always be something like that even for my country it's the same when there are so many people, institutions and governments arguing about land ownership issues with their respective claims so it's not just about 1 country's problem because there are so many similar cases.
I'm sorry to hear what you or your relatives are feeling about it because it must be painful but sometimes power will always seem to be strong for us to defeat so we just try to secure ourselves as best we can.

Being in bitcoin is a choice and I don't think we can be intervened or forced to be in bitcoin or in other investments such as for land, real estate or other investments because it is our own choice and we already know the risks we will face with the investment we choose.
Because every choice has a risk including when we are in bitcoin the risk is clearly there even very large and sometimes it is difficult for some of us to bear.

[Hewlet]

My shortest answer is 👉 No one will drag anything with me. True ownership is 101% with Bitcoin.

It's still part of the reason why bitcoin remains unique because as an owner, you're certain you are in control of your coin and don't have to bother about what the government has to say or wether or not their policies is going to directly affect your investment. If you choose bitcoin, you directly choose peace, relaxation and complete ownership of your asset and nothing beats that.

Apart from the degree of profitability of bitcoin over other investment, full ownership is part of it not the number one reason why bitcoin stands out in the midst of other investment.

[ColdLava40]

Land is an asset that appreciates over time. You can invest on land, but if you aren't able to secure ownership over that lengthy time, it may be stolen from you or taken by force by the government.

This only proves that no investment comes without risk, no matter how good it is. I agree with you on bitcoin being in your full custody.

No only can steal your bitcoin from you except you became careless and failed to secure your keys. These things are what differentiate bitcoin investment from any other kind of investment..

[Kelvinid]

No doubt, land could be a source of conflict in the future, and that's from my personal experience. That's the reason why I don't prioritize buying land these days because aside that its value could hardly appreciate, conflicts and battles are real, especially if the government itself is already involved on it.

Bitcoin, on the other hand, creates no conflicts if you are just managing it right. You don't have to prove to others that you're the real owner since no one got the keys but only you. And the good thing is, no one will know if you are accumulating wealth with bitcoin, unless if you start spilling a secret of yours.

[uneng]

Land is still a good investment. The risk of the government seizing the land is real, but it doesn't happen often or to most people. Moreover, even if they do this, you will receive a compensation which can be used to acquire another portion of land, or any other investments you have in mind, including Bitcoin.

Bitcoin is too risky and volatile to keep all your funds into. It's actually much more risky than having a property seized by the government. Diversification is always the best to do.

[Donneski]

Sometimes we make investment advice without considering  the environment. What works in one country doesn’t always work in another.
In Nigeria, land ownership can come with social, legal and even personal risks. Bitcoin offers a different kind of property, I mean one that's defined by cryptography, not influence or proximity. With Bitcoin, you don’t even need to defend it physically or announce it publicly.
For me, choosing Bitcoin isn’t about hype, it’s about minimizing conflict and preserving peace but that doesn't totally stop me from getting land when I think it's safe enough for me.

[Sunshine1525]

Every investment has its own risks, and if Bitcoin is your safe haven, then very good. The reason why I prefer Bitcoin investment is because it's safe; only you have control of it, and no one can tamper with it.

I have come across many cases whereby some people invested in land, but after some years, the government decides to use the location of the land. Sometimes they compensate owners of landed property, and sometimes they claim the land without any compensation. Your Bitcoin will always be yours, but your land may also belong to the government too.

That's why he's going for the one that offers him peace and won't warrant him to have dispute with anyone in future and i totally support his decision, land is a good form of investment and can offer good ROI in the future but for some coming from a third world country like he's I think the risk factor is terrible, so instead of putting himself in a situation that would require dispute to be resolved or even end him in jail since he could likely have dispute with a corrupt government, it's better to avoid purchasing land and go for Bitcoin.

Anyone who's stayed in Nigeria for a while can tell how corrupt the government is, they're fund of policies that frustrate citizens and favour them, I know a certain governor who claimed the land of a host community and used it to build shopping mall in his name and not for the state, he's supposed to give account of his accounts but then he's immune to arrest or queries. However Bitcoin is a long-term investment with less risk factor due to a strategy that helps investors to manage risk, that's what I learnt. Moreover no one can steal it if they're not aware you own it or if you secure your wallet.

[famososMuertos]

OP: In general, I think the idea—or metaphor—applies to many aspects of life and, by extension, to each individual's sociocultural and economic situation.

In many countries, buying a house is considered a safe bet, but the responsibilities are significant. I'm not just referring to maintenance, but also to the associated taxes. In some places, these taxes don't exist, which makes the investment more profitable.

In short, we always come back to the same point: your seed, phrasse, key is all you need; you're in control.

But eventually, at some point, you should use it, sell it... hodling until death isn't a good plan. 

[dzungmobile]

OP: In general, I think the idea—or metaphor—applies to many aspects of life and, by extension, to each individual's sociocultural and economic situation.

In many countries, buying a house is considered a safe bet, but the responsibilities are significant. I'm not just referring to maintenance, but also to the associated taxes. In some places, these taxes don't exist, which makes the investment more profitable.

In short, we always come back to the same point: your seed, phrasse, key is all you need; you're in control.

But eventually, at some point, you should use it, sell it... hodling until death isn't a good plan. 

We invest money into something for profit in the future with different holding plans for different profit targets but it's true that we do all these things simply for future profit.

Having some information from past cycles of Bitcoin market is helpful for Bitcoin investors to imagine that which holding time is possible a minimum holding time they must do with their Bitcoin portfolio for profit. It's important as it can help them not only getting profit but more important avoiding loss.

This HOLD map has helpful information for Bitcoin investors and their holding plans.
https://hodl.camp/

[free-bit.co.in]

Land is still a good investment. The risk of the government seizing the land is real, but it doesn't happen often or to most people. Moreover, even if they do this, you will receive a compensation which can be used to acquire another portion of land, or any other investments you have in mind, including Bitcoin.

Bitcoin is too risky and volatile to keep all your funds into. It's actually much more risky than having a property seized by the government. Diversification is always the best to do.

To be fair, everything has risks and bitcoin is no exception. Its volatility, as well as the potential risks from the internet and technology are things we cannot take lightly. Bitcoin is not entirely immune to risk and not absolutely safe either.

Therefore, I agree that diversification is far better than putting all your eggs in one basket, even if that asset is considered the safest. However, the diversity of asset type will still depend on the political and geographical situation in each country we live in.

We are all different, so do not try to impose your way of thinking on others.