Topic: Only Sell what you don't need. - page 6. (Read 831 times)

First I'll like to differ on the popular saying on this forum that we should only invest what we can afford to loose in bitcoin. I think that we should change that mindset, because it degrades bitcoin, like it's something that is not worth investing a substantial amount on. Among cryptocurrencies, bitcoin, stands out as a top valued asset that guarantees ROI for investors. So don't use the amount that you can afford to loose to invest in bitcoin, use a substantial amount from the capital that you have mapped out profitable long term investments. It's true that bitcoin is volatile, but if you invest on a long term, you'll meet ATH and bull runs, to multiply your capital and you can cash in at anytime, no restrictions.

Invest what you can afford to lose. If you are ready to lose money that you get from selling your property like land, you are free to do it. You are ready to take risk but taking risk does not always bring profit. You have to think of what you will have left if all the money lost in that investment. Have part of your money to use in that case must be one of conditions before taking such risk.

Someone can go hardcore like this family but I don't recommend it, it is too risky.
How this family survived 40 countries living solely off bitcoin for four years

In every steps or decision we are taking, we must always apply wisdom, it's not about Investing in bitcoin that marks the end of poverty but what we understand by any of our decision to make an investment in it, making an investment is by choice and chance, we can't afford to sell what is giving us profit to invest on bitcoin when we don't have any backup for sustainability as our source of income, this kind of a decision is what makes some people to sell when they can't bear to hold any longer, we can learn to earn instead of selling properties to invest in bitcoin.

Using money from selling a property to buy Bitcoin and more land makes a lot of sense. You can spread around the risk but still leave open the chance to make good money if Bitcoin or the land goes up in value. It's smart thinking.

Personally, I do not own any property that I could sell to invest in bitcoin. But if I had to make such a decision, I would probably think along similar lines. At the end of the day, you gotta decide for yourself what to do with your money. But if you know the risks and diversify so you got some eggs in different baskets, you put yourself in a better spot to earn well and keep steady and more ways to win.

Overtime a tell people not to only be too attached to one investment and at a time one starts making good profits from his investments, the goal should be to invest in other asset that will still be sustainable should Incase the one you give all your trust doesn't turn out well in the future so that you can be able to have an alternative investment to fall unto though selling some of your asset to invest on the one you give more priority isn't bad but let it be that you've also got some other asset left.

In life we take risk all the time so to me I don't really see it as a bad idea if one decides to sell off an asset to invest on bitcoin though it's future isn't certain but a volatile asset like Bitcoin is worth selling other asset for and buy bitcoins, investment shouldn't be done with emotions as if one invest with emotions then some certain investment goals may not be achieved.

This is a reason that should be held close to anyone seeking to sell their assets to invest in Bitcoin. If I'm not mistaken, someone previously shared their story regarding selling a car to buy Bitcoin here, but I forgot a bit.
maybe it will be inspiring for other investors, or even new investors who are very interested in stories like that. What is certain is that in essence what is being done is investment. whether it's real assets or Bitcoin. Still, don't sell the assets we use, use assets that may not be very productive or that we don't really use.

Yeah I agree the circumstances surrounding the sale of the land might differ promoting a different risk approach by the owner but as a new investor with that money from the sales of the land as the only capital in hand IMO it's irrational to nosedive with all the money at ones in bitcoin Investment  or any other sort of Investment no matter what the circumstances could be looking like.

There should always be a step by step Investment approach for a capital that is the only money at hand, with the result of every step made  you're clear and confident on what step to take next. In business the response we give to any circumstance is what matters most and not the circumstance itself.

They may have other considerations about selling their assets, such as land.
But it's best not to sell assets in the form of land to invest in bitcoin.
They should invest using the money they can afford and keep their assets. It will increase the number of its assets with bitcoin in its asset list.
But if they are confident in their decision to sell the land and use all or half of the money to invest in bitcoin, they can do it. But they should consider it first so that there are no regrets in the future.

Thanks op for this thread,  I have also read about stories people claimed to have sold their properties to invest in bitcoin. What I have to say is that instead of selling every asset to invest in bitcoin it is better to still have these asset and also try to make bitcoin another asset add to the existing ones. Investing in Bitcoin is good thing, but when planning to sell other properties to invest in bitcoin one really needs to think to be sure if the property really needs to be sold out not just because of they feel to invest in bitcoin. When it comes to investment people needs to apply wisdom to think thoroughly not to make mistakes that will lead to regrets in the future.

There so many complexities when it comes to investments that one should avoid making general statements on it. Financial situations are different, properties are also held and valued differently depending on what part of the world you live in.

The general advice is to only invest what you can afford to lose, it's up to the person to decide what they can afford to lose based on their current financial situation and act accordingly.

Again, there is no straightforward solution so this may not be necessary depending on the circumstance around the sale of the property.

Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.

However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.

Lastly, whatever property you have decided you must sell off,  you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.

Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.

Just my two cents.