Topic: Accumulate assets of different forms Now (Read 94 times)

Yes of course, that man has a very good oversight, white he had good money flowing in for him, he decided to invest in things of great value that has the possibility of returning the favor to him if things go south.

Bitcoin has its relevance and dominance in the crypto world, but that doesn't mean that there's no other promising coins out there. There are some cool ones that are in its  emerging state and most of them are still free and currently being mined now with a community driven application, which is exactly how bitcoin started. There's no limit for what you can achieve for now. as you're active with your investment in bitcoin, you still need to be on the watch because some projects might get very rewarding in the future.

Asset like bitcoin, for example not all will serve as a good asset but some are meant for history purpose, as you mentioned old bell I just remembered something about the ancient churches and their building construction, those churches are very rare to find now not because the pastors sold the church for money or something else but one thing with ancient buildings they're not well constructed so sometimes buildings like this will definitely collapse and might cause harm, some of those ancient stuffs are meant for history purpose but if those things can gain value now then you can always sell to make profit.
Back to your topic, even till date people accumulate bitcoin to sell early for quick profit, just imagine people like this store their bitcoin for 1_3 years they'll benefit more rather than selling early.
Let's mention assets like estate, land, gold, bitcoin etc, some asset was not having any value back then as you mentioned especially land, let's compare the value of land back then with the resent value you'll observe that land has gained value so quick and with your advice it's best not to sell now cause the value will still add. Look at bitcoin marketcap, people are accumulating some people thought they're playing and by the time bitcoin price reaches an ATH some will be left with regret.
Let's also consider the factors that make people to sell so quick, sometimes they lack finance and it can lead to loss if there's no proper finance to meet up with an investment, to hold such valuable asset nowadays needs money.

Bro shits happens and maybe it has happened to you that why you thinking it that way. Just be gracious that wherever corner you find yourself now and tomorrow that life doesn't happen to you in a rough way that you have to find yourself in a condition that your assets you have been holding on to for so long is the only way out to pulling yourself out of that shit. People sell their house they have been living in for over years do you think many of them just woke up one morning and decides to sell? No bro, shits just happened and that's just the way out to the shit at that time.

You have to be alive today to be able to see the future, but if you hold to your asset and die today, of what use is the asset to you in a future you're no more there for.

Accumulate assets of different forms now, for When you look at the early bitcoin holders and their stories regarding how they gave out their bitcoins to people in exchange of something really insignificant, it should guide you to be very careful on how you treat your bitcoin holdings but also any asset that is at your disposal and is gradually gaining popularity not just in the local space but globally. We have read stories of a man that gave 10,000 worth of Bitcoin in exchange for two pizza's during the early period of bitcoin existence, and even outside of the crypto space, we have been told of people that sold out acres of land for a very small amount of money just because they didn't foresee the price of land appreciating this much in the society and what most of them have left is just mere stories to tell about how they had more than a thousand bitcoin or acres of land that is now in other peoples possession. If you are in possession of a good amount of bitcoin or an altcoin with good future prospect or you have land or some natural resource at your disposal, don't allow brokenness push you to sell them off. if you even have the resource, accumulate more of it because anything can happen in the future.

Well I know for sure that I wouldn't have accepted such deal seeing how low the price of Bitcoin was , but I think you can't actually say the same for everyone because believe me I have seen some folk hold on to some damn shit price of coins all with hope of getting something huge in the future ahead. When it comes to holding of coins, am just curious why would anyone start something they cant finish  and end up tempering with the coins all in the name of their to meet their ends need.

Holding unto a worthy asset for over a long period of time is a good investment choice, but however, trading it way where there is an urgent need of fund, is a wiser decision rather than holding it when it's your only source of finance to resolving your urgent needs, because the truth of the fact is that both O.P and 99.9% of people on this forum would never have accepted a deal with Laszlo Hanyecz (i.e the man who paid 10,000 for 2 pizza) if he has met any of them to trade that same 10,000 for $50 far back on 22nd May 2010, I'm sure non would have accepted such a deal, simply because Bitcoin never had a value back then. So let's just stop acting as if we wouldn't have done the same if we were "Laszlo Hanyecz" who was so dearly in need of a pizza.

Yes, this is very true. I remember when I read the story of Laszlo Hanyecz for the first time, I was like "Was he in his right senses or something ?" ... Cause...

Anyway, the main deal here is you'd never know what may become a high-paying asset in the future ... So be very careful with your possessions and also .. whenever something begins to gain gradual popularity ... It'll be advisable to earn it and keep ... Since the worth of most assets increases over time. But then again, be very careful with whatever you're holding. Not everything's worth increases over time. Many people have lost their investments because they didn't have the right knowledge and information to sell their possessions at the right time.

My brother wetin you talk now, na really true, if you do ur own research about most of this wealthy people, wetin dem dy really good at na to dy aquire anything wey dem know say dy valuable and wey get potential to appreciate over time.

When I been dy small, e get one of our community chief house wey I been get privilege to visit, him dinning table and most of him furniture na gold, when I ask why, because to me, I see am as waste, since gold too dy expensive,  the chief tell me say, those gold I see so, na asset  wey him fit fall back to and sell if things rough for him side in the future, though I no too understand am den, but na as I don grow like this now, nai I come understand that him ideas wela.

when you look at the early bitcoin holders and their stories regarding how they gave out tones of bitcoin to people in exchange of something really insignificant, it should guide you to be very careful with how you treat not just your current bitcoin holdings but also any asset that is at your disposal and is gradually gaining popularity not just in the local space but globally.

we've read stories of a man that gave 10,000 worth of Bitcoin in exchange for two pizza's during the early period of bitcoin existence, and even outside of the crypto space, we've been told of people that sold out acres of land for a very small amount of money just because they didn't foresee the price of land appreciating this much in the society and what most of them have left is just mere stories to tell about how they had more than a thousand bitcoin or acres of land that is now in other peoples possession.

if you're in possession a good amount of bitcoin or an an altcoin with good futuristic prospect or you have land or some natural resource at your disposal, don't allow brokenness push you to sell them off. if you even have the resource, accumulate more of it because anything can happen in the future.

I still remember those time when they where looking for a particular kind of ancient bell in churches, people that saved those items and just kept it somewhere safe sold it for a good amount of money while others that sold Thiers for 200 naira iron condemn didn't have  shit to sell.

Be careful of awuuf sale, no be everything you go wan sell as iron condemn, if you get an asset that seems like something that will become of value in the nearest future, just jejely keep it safe because you don't know how important it will become in the future.