Pages:
Author

Topic: Bitcoin an opportunity like land - page 6. (Read 1546 times)

full member
Activity: 350
Merit: 190
January 27, 2024, 10:00:37 AM
#88
I don't like comparing land with bitcoin anyway. Land is a real-life asset that is mandatory for our lives. So we are obligated to own land. But for Bitcoin, a lot of the population still doesn't know about it. In that scenario, it doesn't make sense to compare Bitcoin with land. I know both have an investment opportunity, but land prices always increase and are not volatile. Bitcoin is highly risky and highly volatile. So these assets are separate from each other.

indeed investing in Bitcoin or buying land are two different things and both give us the golden opportunity of earning money. In my opinion, Bitcoin can generate more profits as compared to Land in the coming future for those who hold it faithfully for the long term and buy only when it gives them a golden opportunity of billing bags can eran alot well if we talk about those people who have accumulated bitcoin from 2013 will be the richer person in the current time span.

Let me give an example Those who bought Bitcoin when it had very less popularity and now when it has gained some popularity you can have an idea by looking at its price where Bitcoin is standing and as you are saying many of people are still not aware of this digital currency what do you think when majority of people comes to know about bitcoin and interested in buying it what do you think where will the price of bitcoin go on that time dear.

The same scenario here in the land case the best buying time of land is when there is no development in the area you bought land and when development gets started near your land like Marts, Shopping malls, Hospitals, parks, and Schools your land price will go high due to surrounding geographical demand. You said very well the price of land does not fluctuate but in the case of Bitcoin, it is a volatile currency.So both have their own pros.
full member
Activity: 1190
Merit: 126
★Bitvest.io★ Play Plinko or Invest!
January 27, 2024, 06:46:06 AM
#87
Quote from: hatshepsut93
The obvious similarity between the two is that both have limited supply, but the crucial difference is that land has undeniable utility. It could be agricultural or you could build something on it. But Bitcoin's utility is less clear. It is used as a currency or a store of value, but how do you calculate the value of those use cases? So far no one came up with a good model for that, and it makes Bitcoin so different from other assets that can be evaluated by calculating how much money would they make.
You can invest money in both and hodl it for a long period of time before you can sell to take back your capital and profits which is the similarity of both, but the difference between the two land and BTC is that you can store your BTC in your wallet and you cannot store land in your wallet which is the major advantage that is giving people the confidence to try their best to own BTC.

 Another difference is that someone can come up one day to drag the land you claim to be the owner not knowing that the documents given to you during the course of purchase are not real, but the moment you buy or earn BTC in your wallet, it's totally be yours until you feel like releasing the BTC for sale or for donations.
sr. member
Activity: 1666
Merit: 453
January 26, 2024, 08:47:18 PM
#86
That’s not how it happens. $200k just like that? The halving doesn’t directly bring scarcity but reduces the amount of tokens that are being added to supply. Now, what of the ones that are already in circulation? They are going to always be in circulation. So let’s stop speaking about halving like it’s slashing out what’s in existence. At the end of the day, all 21M Bitcoins will be generated.

This is not the main fact. The main fact is the number of Bitcoin users will increase over time but the supply won't increase that much. The scarcity increases when the number of Bitcoin users increases every year. However, the halving increases the scarcity as well by cutting the block reward in half. If you talk about what will happen after five more years, you never know how many people will start to use Bitcoin and will want to buy Bitcoin to hold it. We need more than 40 more years to finish the mining. Till then, new Bitcoins will continue to adding to the network and miners will continue to sell it to pay their electricity bill.

I’ve come to understand what you mean but there are still some points I don’t entirely agree with. More users will cause scarcity, but I don’t think that at this point, halving is really causing any scarcity because we have at least 90% of Bitcoin in circulation, what difference would the 10% make right now? Even if there wouldn’t be any more halving that reduces the block reward, It will not be significant. It was impactful in the beginning when the block reward was a whole lot bigger. But I totally understand what you mean.

I can agree with what you are saying that the halving is not the reason for the scarcity. But it is said in the title made here by OP that, indeed, Bitcoin is also like an opportunity for us to buy land, which as time goes on, the value increases.

The only difference is the volatility because there are times when Bitcoin's volatility is aggressive and Bitcoin's is normal because it is a volatile asset, while land is not like that and the land is held by the government.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
January 26, 2024, 06:40:03 PM
#85
That’s not how it happens. $200k just like that? The halving doesn’t directly bring scarcity but reduces the amount of tokens that are being added to supply. Now, what of the ones that are already in circulation? They are going to always be in circulation. So let’s stop speaking about halving like it’s slashing out what’s in existence. At the end of the day, all 21M Bitcoins will be generated.

This is not the main fact. The main fact is the number of Bitcoin users will increase over time but the supply won't increase that much. The scarcity increases when the number of Bitcoin users increases every year. However, the halving increases the scarcity as well by cutting the block reward in half. If you talk about what will happen after five more years, you never know how many people will start to use Bitcoin and will want to buy Bitcoin to hold it. We need more than 40 more years to finish the mining. Till then, new Bitcoins will continue to adding to the network and miners will continue to sell it to pay their electricity bill.

I’ve come to understand what you mean but there are still some points I don’t entirely agree with. More users will cause scarcity, but I don’t think that at this point, halving is really causing any scarcity because we have at least 90% of Bitcoin in circulation, what difference would the 10% make right now? Even if there wouldn’t be any more halving that reduces the block reward, It will not be significant. It was impactful in the beginning when the block reward was a whole lot bigger. But I totally understand what you mean.
legendary
Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
January 26, 2024, 09:59:13 AM
#84
How's the price of land in your country?
Have you ever thought been in the time where land was cheap and bought alot?
Are you boarding the train(cheap) of Bitcoin holders or you want to wait for private jets? Grin

1. The price of land in your country is almost the same as in my country, where investing in land is very popular in my country, even though sales are not as fast as Bitcoin, land is a favorite as an investment.

2, have ever felt, but the possibility of buying a lot of land is very unlikely because when the price is cheap the funds you have cannot be allocated to it completely

3.It's better to take a cheap train than a private jet, but with a big risk, taking a cheap train will feel like a struggle to get a private jet, so at least we will get a lesson from every decision maker
newbie
Activity: 1
Merit: 0
January 26, 2024, 09:56:48 AM
#83
There are many factors in which bitcoin definitely loses out to land in value. Here are the most important points:
Tangible Asset✔
Utility and Productivity✔
Finite Supply✔
Historical Value Stability✔
Legal and Governmental Recognition✔
Diverse Market Appeal✔
Resilience to Technological Changes✔
hero member
Activity: 1092
Merit: 502
Leading Crypto Sports Betting & Casino Platform
January 26, 2024, 09:17:58 AM
#82
Total supply is limited but if we start counting how many buildings are been built in a single country the numbers will be in millions, yet there are lands left that are still bushes or jungles, saying land is limited is nonsense, there are still many lands available,  development is the problem, there are places where you won't find single houses or you don't have undeveloped areas in your country?

Bitcoin max supply is just 21 million, that's all there will ever be, but lands are available everywhere, this can't be compare to bitcoin, come to Africa you will see so many lands filled with bushes and jungles, no one dares to build on them because it's not a developed area.

Drive my people out, they will find a new land somewhere else to live and cultivate, this have happened even in the Bible, this world is massive, so massive than the max supply of Bitcoin, so please let's stop comparing lands with Bitcoin.

Bitcoin is far more smaller than lands in the world, and Bitcoin holds the true value appreciation than lands.

Yes, the bitcoin supply is much smaller than the land area but you forgot one thing. Land is not only used for housing but also in all fields and industries around the world.

Many people are still living a good and rich life without bitcoin, but everyone will need land. That shows the demand for land is hundreds of times higher than that of bitcoin, so don't just compare the supply of bitcoin with the land area in the world and say that bitcoin is more important. Furthermore, real estate prices do not fluctuate as strongly as bitcoin but always increase every year and show no signs of stopping. And even many investors own bitcoin but not so many can own real estate, which shows which one is more valuable.
sr. member
Activity: 630
Merit: 374
January 26, 2024, 05:28:41 AM
#81
That’s not how it happens. $200k just like that? The halving doesn’t directly bring scarcity but reduces the amount of tokens that are being added to supply. Now, what of the ones that are already in circulation? They are going to always be in circulation. So let’s stop speaking about halving like it’s slashing out what’s in existence. At the end of the day, all 21M Bitcoins will be generated.

This is not the main fact. The main fact is the number of Bitcoin users will increase over time but the supply won't increase that much. The scarcity increases when the number of Bitcoin users increases every year. However, the halving increases the scarcity as well by cutting the block reward in half. If you talk about what will happen after five more years, you never know how many people will start to use Bitcoin and will want to buy Bitcoin to hold it. We need more than 40 more years to finish the mining. Till then, new Bitcoins will continue to adding to the network and miners will continue to sell it to pay their electricity bill.
hero member
Activity: 1582
Merit: 690
January 26, 2024, 12:35:01 AM
#80
Both of these investments have their own advantages and disadvantages and indeed if you have more funds you can invest in both. However, not everyone can invest in land because land must have large funds before you can invest. This is different from Bitcoin, you can invest any amount using the DCA method.
You can adjust investment based on your financial capabilities and it is not recommended to use other people's money. Land has long term prospects and if one does not have enough money to buy it then choose investment in bitcoin beforehand. When you get a big profit when investing in Bitcoin, at that time you can allocate money to buy land as a step to prepare for the future.

As much as I like Bitcoin, I don't think this is a fair comparison. But if the land is empty, it is just a pseudo investment and more of a luxury item. If the land has a second house, that means there will be maintenance costs and so on. after all you don't actually own the land or house. The government or whatever authority there is in the country is just realistically lending it to you. Your country is attacked, does something the government doesn't like, war, etc. Goodbye land and house. It's different if you invest in bitcoin, if you still have access to bitcoin and you have the keys then your assets are safe. this was the first time the average person could truly own assets that could not be forfeited even though the world was in chaos.
Why do you call empty land a pseudo investment? Isn't it an asset that is quite valuable in the future and as time goes by the price continues to rise and continues to provide great value for the owner. The comparison you give is also unfair because if we talk in general, Bitcoin is not owned by many people, so this parable cannot be applied equally to people in general. Don't think too much about something that may not necessarily happen, war not only makes us lose everything, but in the worst case even the country is unable to stop it, the economy is even disrupted and makes everything even more chaotic.

When you own land, whether there is a war or not, the land will never be lost and you are still the owner when you hold the land documents. War can destroy houses, but war cannot destroy the land on this earth. So consider it according to your interests and abilities and if you are familiar with bitcoin then maintain that commitment and vice versa for those who are consistently interested in investing in land.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
January 25, 2024, 05:57:09 PM
#79
And the situations between both of these assets are almost the same. Land developers are buying huge plots of land and the available residential plots to buy are getting scarce, and huge financial companies are buying bitcoin making it more expensive for the average Joe to acquire one. Those who managed to buy a few bitcoins a few years back are benefiting from the bulk buying huge companies are doing in bitcoin. It truly is a once in a lifetime opportunity, and I'm lucky to be able to keep some while the prices are still relatively mild compared to what it is right now.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
January 25, 2024, 05:31:11 PM
#78
$100k within this year and next is not going to happen (my thoughts). Bitcoin isn’t really in that position where it’ll shoot up that fast. I believe in $100k but just not now; maybe the next 5 years? We can’t tell exactly as many factors matters.
If you talk about another five years, we will have another halving in the next five years. I am kind of sure that we will touch $200K after five more years. As you know, the scarcity increases the demand for Bitcoin. So, If the block reward gets divided again, the supply will decrease as well. Moreover, A lot of companies will accept Bitcoin in five years. The number of Bitcoin users will increase as well. More demand, more price. Of course only if satoshi does not come back and does not sell his 1 Million Bitcoin. If something happens like Binance will sell their holdings as well, we may never reach that mark.

That’s not how it happens. $200k just like that? The halving doesn’t directly bring scarcity but reduces the amount of tokens that are being added to supply. Now, what of the ones that are already in circulation? They are going to always be in circulation. So let’s stop speaking about halving like it’s slashing out what’s in existence. At the end of the day, all 21M Bitcoins will be generated.
sr. member
Activity: 630
Merit: 374
January 25, 2024, 11:18:03 AM
#77
$100k within this year and next is not going to happen (my thoughts). Bitcoin isn’t really in that position where it’ll shoot up that fast. I believe in $100k but just not now; maybe the next 5 years? We can’t tell exactly as many factors matters.
If you talk about another five years, we will have another halving in the next five years. I am kind of sure that we will touch $200K after five more years. As you know, the scarcity increases the demand for Bitcoin. So, If the block reward gets divided again, the supply will decrease as well. Moreover, A lot of companies will accept Bitcoin in five years. The number of Bitcoin users will increase as well. More demand, more price. Of course only if satoshi does not come back and does not sell his 1 Million Bitcoin. If something happens like Binance will sell their holdings as well, we may never reach that mark.

Quote
Everyone has their preference so I can’t decide for anyone, but personally, I prefer land to gold. Maybe because I do not know so much about gold like I know about lands. However, I see many disadvantages of gold that I do not like.
I do not disagree with you. The size of the land is never going to increase but there are no limits to Gold's supply. Land could be considered as Fixed asset. Gold could be considered too, but not as like the land.
sr. member
Activity: 812
Merit: 260
January 25, 2024, 04:01:04 AM
#76
Total supply is limited but if we start counting how many buildings are been built in a single country the numbers will be in millions, yet there are lands left that are still bushes or jungles, saying land is limited is nonsense, there are still many lands available,  development is the problem, there are places where you won't find single houses or you don't have undeveloped areas in your country?

Bitcoin max supply is just 21 million, that's all there will ever be, but lands are available everywhere, this can't be compare to bitcoin, come to Africa you will see so many lands filled with bushes and jungles, no one dares to build on them because it's not a developed area.

Drive my people out, they will find a new land somewhere else to live and cultivate, this have happened even in the Bible, this world is massive, so massive than the max supply of Bitcoin, so please let's stop comparing lands with Bitcoin.

Bitcoin is far more smaller than lands in the world, and Bitcoin holds the true value appreciation than lands.
hero member
Activity: 1428
Merit: 931
🇺🇦 Glory to Ukraine!
January 24, 2024, 07:41:33 PM
#75
But in my conversation, the volatility is in favor of what I am saying. Because the only way we have Bitcoin priced where it is today is the volatility. If you bought a land 13 years ago, and you bought Bitcoin 13 years ago too, which one would you had preferred? Buying a land is valid and I would advise people who have the funds to go into it, but Bitcoin isn’t a wrong investment in comparison to that. Today, Bitcoin investors from back then can buy lands (alongside their owners Grin). Hehe

Surely, I would have bought BTC if I knew that BTC would grow much faster. But the problem is, that we cannot predict the future. All is just speculation, prediction, and nothing else. I know that Bitcoin may touch 100K USD in 2024 or 2025. But, it could go down to 30K again if whales start selling their Bitcoin. We never know what is going to happen.

$100k within this year and next is not going to happen (my thoughts). Bitcoin isn’t really in that position where it’ll shoot up that fast. I believe in $100k but just not now; maybe the next 5 years? We can’t tell exactly as many factors matters.

Bitcoin's shown before that it can shock everyone.  Though $100,000 by the end of the year may be a long shot, it ain't out of the question.  This market's known for rollercoasters, and plenty could line up to jet Bitcoin up in price.

full member
Activity: 504
Merit: 154
January 24, 2024, 06:57:28 PM
#74
To own a landed property is a decision that marks your territorial advantage. BTC will do well in the nearest future and beyond.

you cannot compare a landed property with a Bitcoin because both of them is different intense of profit so landed property do depreciate and also appreciate in value due to the environment the land is being situated why Bitcoin also decrease also increases so bitcoin increase when the market is of Higher demand and it can make you to be rich at any front of time because of the market is not creditable the market can rise because the demand is high the market can also for because demand is low, why landed property do appreciate because of development so without development land can stay up to 10 years without increment
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
January 24, 2024, 06:10:24 PM
#73
But in my conversation, the volatility is in favor of what I am saying. Because the only way we have Bitcoin priced where it is today is the volatility. If you bought a land 13 years ago, and you bought Bitcoin 13 years ago too, which one would you had preferred? Buying a land is valid and I would advise people who have the funds to go into it, but Bitcoin isn’t a wrong investment in comparison to that. Today, Bitcoin investors from back then can buy lands (alongside their owners Grin). Hehe

Surely, I would have bought BTC if I knew that BTC would grow much faster. But the problem is, that we cannot predict the future. All is just speculation, prediction, and nothing else. I know that Bitcoin may touch 100K USD in 2024 or 2025. But, it could go down to 30K again if whales start selling their Bitcoin. We never know what is going to happen.

$100k within this year and next is not going to happen (my thoughts). Bitcoin isn’t really in that position where it’ll shoot up that fast. I believe in $100k but just not now; maybe the next 5 years? We can’t tell exactly as many factors matters.

Quote
Undoubtedly, Bitcoin is a good investment. But, we cannot deny that Gold and land are good investments as well. Still, people always want to be on the safe side which is the reason people still invest in land and Gold.

Everyone has their preference so I can’t decide for anyone, but personally, I prefer land to gold. Maybe because I do not know so much about gold like I know about lands. However, I see many disadvantages of gold that I do not like.
sr. member
Activity: 1512
Merit: 418
January 24, 2024, 05:03:13 PM
#72
I don't like comparing land with bitcoin anyway. Land is a real-life asset that is mandatory for our lives. So we are obligated to own land. But for Bitcoin, a lot of the population still doesn't know about it. In that scenario, it doesn't make sense to compare Bitcoin with land. I know both have an investment opportunity, but land prices always increase and are not volatile. Bitcoin is highly risky and highly volatile. So these assets are separate from each other.
Yes that's right. Investment between Bitcoin and land is actually equally useful so there is no need to compare because both have their own advantages. I like the way you explain it, land is an asset that we must have in real life because for me the land is a stable metric, not really getting or losing value, it only stores value. But BTC investment for the future even though it is risky because it is very volatile, but we must also have BTC for investment because BTC rises without limits because it is adopted quickly. If I personally, first the house where I can live, after that all my investment money, I will invest in Bitcoin.
hero member
Activity: 2408
Merit: 693
Undeads.com - P2E Runner Game
January 24, 2024, 04:57:21 PM
#71
Yeah buying btc gives similar feelings and opportunity as buying a landed property.
Just as landed properly keeps increasing in value so is btc. 1 BTC use to cost way less than what it cost today and so is landed property.
The reason why I think btc is a more better choice is the fact that one can buy a fraction of btc, and a small amount of it unlike a piece of land.
People with limited funds are better of buying btc because it will be more beneficial for them.
full member
Activity: 182
Merit: 152
Never give up
January 24, 2024, 04:42:14 PM
#70
I don't like comparing land with bitcoin anyway. Land is a real-life asset that is mandatory for our lives. So we are obligated to own land. But for Bitcoin, a lot of the population still doesn't know about it. In that scenario, it doesn't make sense to compare Bitcoin with land. I know both have an investment opportunity, but land prices always increase and are not volatile. Bitcoin is highly risky and highly volatile. So these assets are separate from each other.
However, comparing the both might not be that bad as they are both valuable the only difference is that one is physical assets and the other is an online asset that have a higher risk.
Bitcoin is not like land when it comes to price, Bitcoin can get higher than land in any moment (in an hour, minutes or seconds) but talking about land, it might take more years for it to be very valuable.
Some of the things that can make land to beore expensive that bitcoin is only when the land has a crude oil on it or other matters that are very valuable in the society, and with that even the government of your state or country might want to acquire it for them self, outside this land can not just wake up one morning and get higher in it price.
Bitcoin is rising and it is also risky for one who's not educated about it, there are investors who are not well educated enough about Bitcoin and the investment, they think Bitcoin is a get rich quick scheme so they sometimes end up losing everything that they have and sometimes they risky what they can not afford to lose, and that's wrong.
full member
Activity: 1148
Merit: 208
★Bitvest.io★ Play Plinko or Invest!
January 24, 2024, 04:21:48 PM
#69
I don't like comparing land with bitcoin anyway. Land is a real-life asset that is mandatory for our lives. So we are obligated to own land. But for Bitcoin, a lot of the population still doesn't know about it. In that scenario, it doesn't make sense to compare Bitcoin with land. I know both have an investment opportunity, but land prices always increase and are not volatile. Bitcoin is highly risky and highly volatile. So these assets are separate from each other.
It's true what you said, these two things do have very profitable value when investing and everyone will try to be able to have these two things if their financial condition can meet the needs they need because these two things are very valuable. If we compare land and Bitcoin, of course these two things are very different even though both have investment value which is very popular with many people and I agree as you say that the price of land will continue to increase and I have never found a selling price for land that is very different from the price. Bitcoin whose price fluctuates and cannot be predicted by anyone.
Pages:
Jump to: