Bitcoin is an asset. - page 3. | Bitcointalksearch.org

AmoreJaz

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Quote from: Dr.Bitcoin_Strange on March 26, 2023, 06:11:05 PM

Quote from: Merit.s on March 26, 2023, 05:24:32 PM

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell

OP has decided to divide the property into two and sell half to invest in bitcoin. Bitcoin is a great investment, and he will not lose money unless he sells when the price is below his cost; if he holds for a long time, he sure will make profits. I believe the OP is already aware of Bitcoin's volatility, and it was prudent of him not to sell all of his property to invest in Bitcoin. That's what some people would have done, and when the market is not in their favour, they look for someone to blame.

always best to diversify your portfolio. tangible assets, or digital assets. and as much as possible you have the full control of your assets and not controlled by third party sites.
crypto is still a very volatile asset, so you do need to consider such factor before going big into this market.

Dr.Bitcoin_Strange

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Quote from: Merit.s on March 26, 2023, 05:24:32 PM

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell

OP has decided to divide the property into two and sell half to invest in bitcoin. Bitcoin is a great investment, and he will not lose money unless he sells when the price is below his cost; if he holds for a long time, he sure will make profits. I believe the OP is already aware of Bitcoin's volatility, and it was prudent of him not to sell all of his property to invest in Bitcoin. That's what some people would have done, and when the market is not in their favour, they look for someone to blame.

Merit.s

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Lohamor Family

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell because you are not that concerned about the money. In this situation whereby, you sold some part of your property to invest, if the price dumps very low,it might become a lost. I hope that you have a noncustodial wallet to keep your coins safe because hackers are everywhere on the internet. You took a big risk and life or investment is all about risk taking

hannahB4

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Bitcoin is no doubt an asset and we have many people on the forum that has benefitted from bitcoin investment. As an example, I can tell you the proceed I got from bitcoin so far will conveniently get me a car and live well for a year

ilovealtcoins

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Quote from: hZti on March 24, 2023, 03:04:02 AM

Bitcoin is not an asset, if you state that the I advice you to read the whitepaper and see what Bitcoin was created for. Many people use Bitcoin as an asset because they are greedy and selfish. Those people will never help Bitcoin in any way, since a currency relies on being widely used.

So what are you investing in bitcoin for? Don't try to be magnanimous to speak ill of others when you yourself are discussing the bitcoin price every day. It is true that bitcoin was created as a peer-to-peer payment method, but it is a multi-tool and more. Everyone has different purposes, as long as they use bitcoin and benefit them, then bitcoin is already a great thing.

Popkon6

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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.

From what I've experienced with Bitcoin as far as I can tell @OP you're going the wrong way. Because investing in Bitcoins by selling them is nothing but stupid. Since you want to hold for long term then of course you keep investing and trading with small amount of bitcoins. This is how bitcoins will be earned If you want to invest by selling property, you will definitely have a lot of risks that you may face in the future. Bitcoin price will increase in 2024 because Bitcoin halving is indicated around 2024. You can invest bitcoins from your income I think it is better not to sell the property.

Captain Corporate

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Considering how much I have been involved in bitcoin for so many years, I have to say its basically half of my life. And I do not mean that any lightly neither, considering 1/3 of my life is sleeping, that means 8 hours per day, and the other 12 hours is spent in bitcoin world. So that leaves me with just 1/6, or basically 4 hours of my life to myself. Think about it, I spend 3 times more time on bitcoin everyday than my regular life, anything I do, this is the thing I do most in my entire life. One thing is difficult to handle which is the burn out part, because sometimes I really don't want to work, like lately I have been feeling overwhelmed and need a rest, and can't because I have more debt than I can pay even while working, but in general, when I look at my life, my job is soooo wonderful that there is not a single job in anywhere in the world that you can offer to me today that I would accept, or I would be bad at it (like if you offer me to be new striker for real Madrid, I wouldn't be able to, so I assumed realistic offers) so I am at the best job that I could ever do, and it is in crypto marketing world and it is the most time I spend in anything ever.

Rengga Jati

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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.

This is really a brave and risky decision. But, once you have made the decision, you have made yourself involved seriously. And I think that you will be very serious about Bitcoin investment. No need to panic every time the prices go down. Or even never panic with many FUDs. But I know the problem is how you are going to tell and ensure your family about it. Because, selling property to buy Bitcoin in which not visible will involve many cons, morover if our family still doesn't understand about Bitcoin investment.

redsun114

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I don't doubt your guts about Bitcoin and your understanding that it is a very important asset and could also be a very good investment opportunity for those who are able to invest in it, but I also believe that you could also get profit out of the land that you had and there would be no risk in that while investment in Bitcoin or any cryptocurrency carries risks along with gains that it could provide.

It's a good thing that you feel you should educate your parents and others around you about Bitcoin because Bitcoin so far has proven to be a very successful asset and a great innovation for this era, and I believe you should understand all the risks and everything involved yourself too since you are determined to have your money invested for a long-term.

Smack That Ace

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

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.

If it were me, I would never invest or spend money on something I don't understand well. What if you only know how to spend money to buy bitcoin without too much knowledge as well as its volatility history? I bet when you are a newbie who doesn't know anything about the volatility of bitcoin, you will also panic and even dump when bitcoin plummets.

Investing a lot or investing early can't bring you profit if you don't have knowledge. Knowledge is the only thing that will help you limit your losses and help you make a profit in this market. In investing, do not rush, be fully equipped with knowledge before investing.

slashz9

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because you haven't seen the benefits yet, your father definitely won't like it, but if you are sure about bitcoin you can buy it first, then show it later, indeed sometimes we have to show the results first so that other people believe.

dr.hopkins

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I agree that spreading awareness about Bitcoin is important, especially in areas where there is low knowledge about it. The more people know about it, the more they can make informed decisions about whether or not to invest in it.

landheer

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indeed we often hear that bitcoin is the asset of the future, but some like it and some don't.
and indeed investing in bitcoin is very risky and lots of people experience losses from investing in bitcoin.

but in my personal opinion bitcoin is a future asset which of course has good potential for the future.
that's why in this world there are so many people who invest in bitcoin to be passed on to their children, and what makes them dare to invest in bitcoin is because they have analyzed and predicted that investing in bitcoin has great potential for the future.

I think if in your area, rarely know about bitcoin, I think the decision you made to spread bitcoin is a positive thing.
and you can also ask your friends or family to join this forum with the aim that they get lessons about bitcoin.

hZti

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Magic

Bitcoin is not an asset, if you state that the I advice you to read the whitepaper and see what Bitcoin was created for. Many people use Bitcoin as an asset because they are greedy and selfish. Those people will never help Bitcoin in any way, since a currency relies on being widely used.

Gallar

sr. member

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you are very brave in determining your investment steps, by selling the property you own, even selling land, have you thought about the risks that will occur?

but it's your decision, what you do must have been calculated, but you have to remember that bitcoin is a digital asset, and you invest in it, you definitely know about the positives and negatives of investing.

I suggest not to be too complacent in investing, until you sell all the properties you own,
this is just a suggestion guys

blue Snow

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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.

You make decisions an exact rarity in your life. We know bitcoin is one of great profitable investment in the world, the price is very violative than another instrument, but you must in preparation for what happened in the next price if dump immediately or price is very wildly moving up and down. bitcoin is easy to sell than property, That's one of the weaknesses, if you haven't patient, you will panic and sell it immediatelly, it's different with property, where that need about a couple month to sell in what your offers.

Lida93

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

With the Passion i have on Bitcoin i do think that we are supposed to ensure that people have known what's Bitcoin in our various societies, and i have decided to teach both mother's and father's and youths of Bitcoin after i have understand it very well. The place I'm i don't think five twenty percent knows what's Bitcoin. So i have discovered that Bitcoin is an asset and the information most be shared to my friends who don't about it.

OP, discovering from your story you took the decision of investing in bitcoin from the proceeds you made selling your property and this decision to invest was completely a self made one without being convinced by anyone about it so invariably whatever the outcome you're solely responsible for it, now that's a good. In same vein if you have now taken it in upon yourself to discuss and share with other people around your environment about bitcoin as an asset please and please do well not to be the one to encourage them, or by any means pressure them into investing. Let whatever they do with the information you give them be a responsible of theirs to bear in the event of things going south.
Why am saying this is because not everyone has a good understanding of how the bitcoin technology works and if anyone wants to invest in ti let it be out of their sole decision and not because someone else asked them to, this is due to the tendency of humans not wanting to accept responsibility of the outcome of their actions but shifting blames at a slight chance.

Bazzu

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yes, bitcoin is a future asset that is now increasingly interested in by people in this world, and I think you have done a good thing to invest in Bitcoin because you are aware of the risks of investing in bitcoin.

if you spread it to your friends and your family I think it's the right decision, as long as you also tell them about the risks of investing in bitcoin.

Cuenta Alternativa

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Quote from: ChiBitCTy on March 23, 2023, 03:43:03 PM

I am not really sure what you're saying here. I of course understand that English is not your native language, but what exactly are you getting at here?

He is implicitly saying that he wants to have merit for this one. Like the guy yesterday who allegedly was able to buy a bike thanks to bitcoin.

Several of us told him in the thread to give some proof of this and he refused. Nevertheless he got 11 merits, and he is a forum member who usually gets few merits in relation to his activity.

This kind of thread abounds. I think I'm going to open one like: 'I bought a fucking yacht thanks to bitcoin' to see if I get merits too.

Leaving aside the 'bitcoin is so cool that I've invested in it', I am goint to point out that although it is primarily a financial asset, it is also used as a currency. I think it is not a question of one or the other. It is both an asset and a currency, although the main use is as an asset.

hatshepsut93

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Everything that has a value is an asset or can be an asset. Putting half of your wealth into Bitcoin is quite risky. It's an acceptable and even smart move if you have very little property, because even if things will go bad and Bitcoin fails, you could earn that value through other means. But if that's a decent chunk of wealth that can't be earned easily, like a large inheritance, than risking half of it is not good, better allocate only 10-20% in Bitcoin and the rest into safer assets.

Topic: Bitcoin is an asset. - page 3. (Read 576 times)