Bitcoin is an asset. | Bitcointalksearch.org

Sexylizzy2813

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Quote from: xSkylarx on April 02, 2023, 07:49:01 AM

Most of the replies here are saying that selling a property is a wrong move, and I am also one of them, but let's now focus on the fact that you already sold it and invested in bitcoin. What I would say is that it is pretty risky, but taking those huge steps could make you rich or make you broke.

It only takes one who's patient to involve in Bitcoin (base on the raising and falling of Bitcoin price) because if you sell your property or should I say land, you invest in Bitcoin and the price starts dropping instead of increasing as you hoped it would be, it might make you think you have made a mistake by using the money you got from your land to invest in it [Bitcoin].
Bitcoin is like a time boom, it goes up when you least expected. So to me I'd say what ever investment you doing or getting involved in just know is a risky part you taking. It can't always be in your favor at times.

xSkylarx

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Most of the replies here are saying that selling a property is a wrong move, and I am also one of them, but let's now focus on the fact that you already sold it and invested in bitcoin. What I would say is that it is pretty risky, but taking those huge steps could make you rich or make you broke. I would just advise you to keep it on hold for a few years and don't be tempted to sell it at a loss. If you gain profit, start a business, but at the same time, invest in bitcoin.

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Quote from: Onyeeze on March 23, 2023, 10:43:45 AM

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

Although bitcoin is an asset with a positive historical ROI, selling property to invest in digital money is a stupid decision and too risky. While I won’t judge your choice to trade a real asset for a virtual one, the internet is full of stories about how bitcoin robbed such investors of everything and they had to count the losses. Of course, if you fully understand what you are doing and have a financial airbag, then maybe such a transaction is not so high-risk. But of all the successful crypto users I know, none of them have ever sold anything in the real world to buy something in the virtual world. Usually such people do the opposite, buy themselves land, houses, cars, etc., from the bitcoin's profits.

Yes this is absolutely true, in my environment too, I have never seen anyone doing that selling their property to invest in bitcoin, not even the crypto influencers I know either I have never heard of them doing it. Except maybe the assets that are owned are useless and just a waste of money, then it is a reasonable decision to invest in bitcoin.

In principle investing in bitcoin must use extra money or money that we will not use for a long enough period of time, maybe you can think of money invested in bitcoin as lost money, because if money is money you are afraid of losing its value for sure it will be difficult to fight the trials that the market will give, there will be crashes, fuds, and prolonged bearish ones which might destroy the spirit of holding bitcoins which causes selling bitcoins at cheap prices due to mental panic attacks.

Quote from: EarnOnVictor on March 23, 2023, 11:16:53 AM

Bitcoin is undoubtedly an asset, only that it's a virtual kind of asset. Anything that has value and could be owned is an asset, which makes Bitcoin one of them. And for it to have a value of about $28,000 and be listed in the world's electronic trading means that it's a high-value asset that is tradable.

It's you that should plan your investment in this asset very well and will always be making money. Even if you do not know much about Bitcoin and trading generally, just be sure that you learn how to read the peaks and bottoms of the asset.

Then invest when it's always at the lower levels to maximize your profits.

Yes, bitcoin is an asset which will give you profit or vice versa depending on how to treat the bitcoin that you have bought, but the undeniable strategy for taking profits in bitcoin is to hold it for a long time to get a commensurate return.
yes the right time to invest in bitcoin is when the price is lower or is on a decline, but most people have doubts and fear when putting money into a bleeding market.

GeorgeJohn

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Quote from: bettercrypto on April 01, 2023, 05:10:50 PM

It's good to believe that you have bitcoin, but it seems wrong to sell half of your property just to buy bitcoin. The risk level of what you have done is quite high.

Because as time goes on, the value of properties such as land increases, which we can say is an asset. So since that's already there and you've done it, just pray that the value of bitcoin will increase more than you expected so that you can buy again more of the property you sold.

Sometimes I think that some decisions we take are not absolutely right and some are right base on different understanding of bitcoin investment, from my area of concentration or understanding, whosoever that wants to invest in bitcoin with the hope of selling its property should understand how regulation of bitcoin works, it will be of good opinion to sell acquired property to invest in bitcoin when you have already know the implications of bitcoin. I think that some people are myopic enough to venture into what they don't really know about, and that leads into negativity because the invest who because of mere information of bitcoin and sold it property to invest in bitcoin might run into lost during the time of investment. I'm of the opinion to scrutinised or penetrate into what kind of investment you want associate yourself before properly going for it.

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Quote from: Z390 on April 01, 2023, 03:55:24 AM

It is stupid to sell your property for Bitcoin unless you are a very rich man that has many properties, there have been so mamy stories about people that lost everything to assets before, Bitcoin is not a guaranteed investment, so every investor still needs to be careful when investing in Bitcoin, invest only what you can afford to lose because when losses comes it won't be life threatening.

Since he's new to bitcoin, he hasn't envisioned the risks of investing in bitcoin yet, I guess he's just dreaming about the return he gets without the risk. It can be said that selling property or real estate to buy bitcoin, a highly profitable asset but not guaranteed, is a bad idea.

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Quote from: Z390 on April 01, 2023, 03:55:24 AM

It is stupid to sell your property for Bitcoin unless you are a very rich man that has many properties, there have been so mamy stories about people that lost everything to assets before, Bitcoin is not a guaranteed investment, so every investor still needs to be careful when investing in Bitcoin, invest only what you can afford to lose because when losses comes it won't be life threatening.

The OP is the one that has the final word about what they will do, but without a doubt it does not seems like the best idea to me, after all it seems they have been aware of bitcoin only until very recently and investing so much money at once seems like a rushed decision.

Now I would think differently if we we are talking about a person with years of experience on this market and which has experimented a bear market before, but since this is no the case then this increases the chances the OP will not get a good outcome.

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Quote from: Oasisman on April 01, 2023, 03:37:31 AM

Quote from: ethereumhunter on April 01, 2023, 01:46:11 AM

Bitcoin is an asset. But not many people want to use bitcoin as an investment because they are used to using other types of investment. But if you sell part of your land to invest in bitcoin, I don't think that's a wise reason because at least land is also part of that asset and investment. Land prices could go up a lot in the next few years although bitcoin prices could also go up.

But it's up to you because the decision is in your hands. But the important thing is that you realize that investing in anything has risks and you have to accept that risks.

Selling part of your land maybe a not so wise decision, but that money could multiply in the next 3-5 years, while that portion of your land may only get a few percentage of increase compared to what you'll get when you sell your Bitcoin at the new ATH.
But, it's still wiser if you're not gonna sell all your land properties as lands always have value that will appreciate as time passes by. That's one way of diversifying your investments.

But maybe he's thought things through enough to finally decide to sell some of his lands so he can invest in bitcoin. And we can also do a different plan than he did because our financial situation is different from the others. And it's best before we decide what we will do if we want to invest in bitcoin, we should examine all the possibilities that we can do so we can have more choices later. Preparing a plan to invest in bitcoin starting a few months ago can also give us a bigger chance to get bigger profits.

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It's good to believe that you have bitcoin, but it seems wrong to sell half of your property just to buy bitcoin. The risk level of what you have done is quite high.

Because as time goes on, the value of properties such as land increases, which we can say is an asset. So since that's already there and you've done it, just pray that the value of bitcoin will increase more than you expected so that you can buy again more of the property you sold.

lizarder

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Quote from: Onyeeze on March 23, 2023, 10:43:45 AM

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

Of course it's not a good idea to sell properties to get involved in bitcoin investing, because one can take the DCA opportunity to make more stable investments, but for people who are ready to take risks that's fine with me, as long as selling part of the assets owned will not cause new problems.

If you believe bitcoin is the best investment asset and can maintain its value, there's nothing wrong with starting with a slightly extreme mindset, as long as there is a backup way so you don't get into trouble after selling some of the assets you own. People who are willing to take risks in bitcoin investing will be successful, but most importantly don't panic and try to cut their losses when the market corrects again.

Kgdktac

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In terms of educating others about Bitcoin, it's a great initiative to spread awareness about the potential benefits of this technology.
You can start by sharing your own experience and knowledge with your friends and family, and providing them with resources such as articles, videos, and books that can help them understand Bitcoin better.
It's important to approach the conversation in a way that is informative and objective, rather than pushing them to invest in Bitcoin.

Additionally, it's important to note that while Bitcoin can be a valuable asset, it's not a one-size-fits-all solution for everyone. Different people have different financial goals and risk tolerances, and it's important to consider those factors before making any investment decisions.

sokani

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The selling of one's valuable properties such as cars, bikes, and jewelries to buy bitcoin is really not a bad idea. But honestly, I cannot sell a landed property or house to buy bitcoin because the market value can as well appreciate within a short time. I know you are looking at the next bull season and hoping that bitcoin would hit an ATH and you probably would get a good profit of your bitcoin investment, but let's be sincere land is one property whose value can double or triple within a short period as well and no matter the temptation, I would resist it not to sell.

SOKO-DEKE

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Selling your properties to engage in the cryptocurrency industry is not a good idea, and no crypto expert will advise you to do so because even the Bitcoin you're calling is unreliable and comes with significant risk.However, if you have genuinely done your research and believe that this is the best investment you can make at this time, I will say that it is okay. However, I will advise you not to make bitcoin your only investment. because I believe that investing online is not reliable compare to physical investment. Please don't let us be overly eager to sell our properties because we want to make a fast buck and risk it on uncertain investments.

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I think Bitcoin is the best for investment. It is definitely possible to make proper profit and profit by investing in Bitcoin. Because besides everything, the price of Bitcoin has the potential to increase. Many of us are scammed by investing in other sites instead of investing in Bitcoin. Choosing Bitcoin is the best way to avoid scams. I chose Bitcoin by looking at online websites. I want to say from full confidence and experience, Bitcoin is the best investment in the world at present

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Quote from: Supreemo on April 01, 2023, 01:29:47 PM

we do not know what's his motive in making this post, either he is already aware of the existence of bitcoin or not, it's not something we should intervene, but for the sake of selling his property I could say that it isn't the smart option he could make. there's a lot of options he could do in order for him to make investments like finding side hustles and more but he chose what he wanted. to be honest I wouldn't recommend investing into something so volatile in exchange of your stable asset.

if the situation is the market is in a pretty bad dump. I can understand his point about selling his property to invest. but with the current situation, of course, it's too big a risk when selling assets to invest in bitcoin with a pretty good market trend situation. this requires good focus so he doesn't lose momentum when market fluctuations work.
however, the attitude shown is based on full faith in Bitcoin.

panganib999

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Congratulations on getting your first steps in the world of cryptocurrency! But I must say OP, what you did with your money, is something that I wouldn't really recommend, especially to beginning members of this forum, and beginning investors of bitcoin. Despite the fact that it has a historical positive value trend, the time-relevant up to date pricing could easily spike up or down, therefore causing you to either reap handsome profits, or lose your money in one go, by which the latter is something that I doubt newbies will be able to take. With that being said, you are right, bitcoin is an asset that works for you, allows you to not only earn money, but at the same time save yourself a seat in the future of digital currency.

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Quote from: FanEagle on April 01, 2023, 12:31:04 PM

It seems a big deal for you after knowing that bitcoin is an asset but I think you already know this even at the start because why would you sell your land and then say that "you will invest" in Bitcoin? We only invest on something that is considered as an asset.

I bet you already know that Bitcoin is also a currency and this is its primary use so you should also introduce this functionality after discussing to your colleagues and mates that Bitcoin is an asset. Thanks for spreading the word Bitcoin in your place. We so much appreciate it. You're doing that either to help Bitcoin became more popular and you can get more profit or you are just not selfish but you also want to share the good news to others.

we do not know what's his motive in making this post, either he is already aware of the existence of bitcoin or not, it's not something we should intervene, but for the sake of selling his property I could say that it isn't the smart option he could make. there's a lot of options he could do in order for him to make investments like finding side hustles and more but he chose what he wanted. to be honest I wouldn't recommend investing into something so volatile in exchange of your stable asset.

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It seems a big deal for you after knowing that bitcoin is an asset but I think you already know this even at the start because why would you sell your land and then say that "you will invest" in Bitcoin? We only invest on something that is considered as an asset.

I bet you already know that Bitcoin is also a currency and this is its primary use so you should also introduce this functionality after discussing to your colleagues and mates that Bitcoin is an asset. Thanks for spreading the word Bitcoin in your place. We so much appreciate it. You're doing that either to help Bitcoin became more popular and you can get more profit or you are just not selfish but you also want to share the good news to others.

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It is stupid to sell your property for Bitcoin unless you are a very rich man that has many properties, there have been so mamy stories about people that lost everything to assets before, Bitcoin is not a guaranteed investment, so every investor still needs to be careful when investing in Bitcoin, invest only what you can afford to lose because when losses comes it won't be life threatening.

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Quote from: ethereumhunter on April 01, 2023, 01:46:11 AM

Bitcoin is an asset. But not many people want to use bitcoin as an investment because they are used to using other types of investment. But if you sell part of your land to invest in bitcoin, I don't think that's a wise reason because at least land is also part of that asset and investment. Land prices could go up a lot in the next few years although bitcoin prices could also go up.

But it's up to you because the decision is in your hands. But the important thing is that you realize that investing in anything has risks and you have to accept that risks.

Selling part of your land maybe a not so wise decision, but that money could multiply in the next 3-5 years, while that portion of your land may only get a few percentage of increase compared to what you'll get when you sell your Bitcoin at the new ATH.
But, it's still wiser if you're not gonna sell all your land properties as lands always have value that will appreciate as time passes by. That's one way of diversifying your investments.

YUriy1991

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Regarding the tax implications of Bitcoin as a digital asset. In general, the answer to your question depends on your country's tax laws and regulations regarding the taxation of digital assets. Yes, if Bitcoin is considered an asset in your country, you may be required to pay taxes on any increase in value while it's in your portfolio. This is known as capital gains tax.

However, you typically only need to pay taxes when you sell the asset, not when you hold it. As for passing Bitcoin to your heirs, inheritance laws vary by country, but in general, yes, you can pass it on as an inherited asset. Your heirs may also be subject to taxes when they sell or transfer the Bitcoin.

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