Do you think it's still wrong selling properties for Bitcoin?

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Great your decision, i think it is big risk but you will be win in this risk i think. Property selling money will double there has no doubt i believe it. But property selling is not good. I Don't support for property selling. Because bitcoin price is increasing gradually. In 2021 Bitcoin price was $69k and now $30k+. So i think Bitcoin price will touch that's ATH Again there has no doubt.

Not only profit there has risk in invest on bitcoin. I could go down after your invest. But no problem you need to hold for some times. After Some time bitcoin price will come back.

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Quote from: Japinat on June 28, 2023, 04:50:08 PM

I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place.

If that's all you have, selling tangible assets to invest in bitcoin is either bad advice or a very bad idea. But if you have many assets like OP, selling part of your assets to invest in bitcoin would be called investment diversification, which is not a bad idea.

Quote from: Japinat on June 28, 2023, 04:50:08 PM

You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

In investing, no one can guarantee anything, even if you invest in real estate or gold, but there is one thing you need to know. If you can take big risks, then you have a better chance of getting bigger rewards. Investing in bitcoin is considered very risky, but if you succeed, your success is worth it and many times more than others.

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

As the saying goes, "no pain, no gain" if you don't take risk you'll not gain anything. Selling a property might not a wise thing to do since real estate is also a good investment. But if your instinct says that it's more beneficial if you'll going to invest in Bitcoin then so be it. It's your choice. Just be matured enough to accept whatever the outcome of your decision. Regardless how good it seem to be, still, it's not guaranteed.

Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

As a Bitcoin investor, I know how profitable it is to invest in Bitcoin as long as you're not a weak hodlers. So if I were in your shoes, I will also do the same since I have more than one property and still fine even the result is not what I expected it to be. Investing in Bitcoin is risky, but worth it.

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Since you have enough land, it is good for you to sell land and invest bitcoins if you want. This tempting thing is all you need to do to make a quick profit from Bitcoin by selling land. But if a person commits such a mistake then he will definitely suffer because if there is more land then it can be sold but it is never a right decision to make such a mistake by selling less land. There is a huge difference between land being a valuable asset and Bitcoin being a virtual asset. Although land is more valuable because the price of land increases a lot at times, the value of bitcoins decreases again and again. Would it be better for you if you sold the land and thought of making money from the bitcoins and then repurchased the land later? You have land so you are able to make such a big decision it may be a small matter for you. But it would not be right for those who have no land to make such a mistake, so I think it would be completely wrong for those who have little money and wealth to make this assumption.

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Quote from: Japinat on June 28, 2023, 04:50:08 PM

I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place. You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

No, I don't even agree that any beginner would really have the courage to even invest in Bitcoin, before they can even become so courageous to sell property and invest in Bitcoin, some people that are taking loans or selling properties to invest in Bitcoin are obviously those that have a lot more experience than just real newbies. It's just like when you are very sure of your property but not even sure about Bitcoin, you will need someone to convince you to do so. Although it's not bad to sell up some property to invest in Bitcoin, let them not just sell everything for Bitcoin; it's more wise to share the property in two halves, sell one portion for your investment, and keep the other one in case anything goes wrong.

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Quote from: Natalim on June 28, 2023, 04:52:04 PM

Quote from: romero121 on June 27, 2023, 06:22:28 PM

Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.

It is our mindset that investing in Bitcoin will make us rich. Perhaps it can be possible but can't ignore the possibility that this will be a reason for major losses as we don't have 100% assurance of ROI. I'd still wanted to remind the golden rule of investing crypto - only invest the amount that we can afford to lose. And the case of selling some properties just for the seek of starting a Bitcoin investment, I really don't think it was the best option. But if that person has the capability to do it without any worries, then why stop them?

Always mind off with the risks because not every crypto investment would really be ending up on positive. We do have our own will on how we should really be dealing up with this space on which it would really be that impossible for us not to be able to realize about those risks along the way.We are already getting involved with some investment then it would be unlikely for someone to missed up if ever
he would really be considering on investing into Bitcoin. Of course you would really be that making up some research first before diving in because if you dont then you would really be finding yourself into huge trouble via making those bad decisions but in overall, if i do have some properties then i would really be monetizing these places and the profit you do make then this is where you would be getting your fund to be invested on bitcoin or cryptocurrencies. Diversify as much as you could on which it would really be just that normal that you would really be having those kind of approach because know
that lots of ways and methods could really be utilized if you are really that wise in this regard.

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Selling your property to start with bitcoin investment makes a bad impression for me. That is because you intend to acquire losses already before you make profits with bitcoin. Although some may be brave enough to take the risk and paid off their investments, but it does not happen to all first time bitcoin investors. Most of them resort into losing maybe because they are also not completely aware on the investment they are entering. So just to stay at a safety zone and be free from big losses, always invest at your own risk by just putting a small amount that you can manage to lose.

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Quote from: romero121 on June 27, 2023, 06:22:28 PM

Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.

It is our mindset that investing in Bitcoin will make us rich. Perhaps it can be possible but can't ignore the possibility that this will be a reason for major losses as we don't have 100% assurance of ROI. I'd still wanted to remind the golden rule of investing crypto - only invest the amount that we can afford to lose. And the case of selling some properties just for the seek of starting a Bitcoin investment, I really don't think it was the best option. But if that person has the capability to do it without any worries, then why stop them?

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I never encourage beginners to sell their assets so they can enter bitcoin investment. That is a very wrong mindset in the first place. You’re not even sure if you will be successful on your bitcoin investment so why would take a bigger risk if there is no guaranteed profits in the end. So just allocate a small amount at first so that if you lose, that will never be an issue to you. And as much as possible, do some intensive research first before you finally decide to invest in bitcoin because the fact that it’s highly volatile, you will never make profits if you are also too impatient to seek for immediate profits.

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Quote from: Raflesia on June 25, 2023, 02:44:39 PM

Quote from: Alpha Marine on June 25, 2023, 10:38:40 AM

I respect your opinion of not selling your land to buy Bitcoin. But this is different is OP has an abundance of land from what he said. It was a good form for him to sell a portion of his land to invest in Bitcoin. Things could go south we know but isn't that what an investment is? He invested what he can afford to lose.
You talked about diversification. Selling a part of his land to invest in something is diversification. Now he has assets in land and Bitcoin.

It's just that this choice has to be seen from several perspectives where it's like what the OP said, he's selling because he has a lot of properties so it's not wrong to sell and make it into bitcoin but it's definitely not recommended for someone who only has one property and all of this here by selling their assets and being in bitcoin.

Very true. It would be very unwise to sell all of your assets and put everything into another asset.
This is why they say to invest what you can afford to lose. We have to invest wisely.
In the OP's case, he has a lot of land and he didn't sell everything. He said he has others. I see it as a pretty good investment to try and diversify his investment.
It is a very bad idea to use everything you have for investment because in as much as we should take risks, we should take calculated risks. A risk that if things go wrong, we can have something to fall back to.

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Quote from: bayu7adi on June 27, 2023, 05:22:20 PM

Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

For all my friends who wish to prohibit or express their disagreement with the OP, please re-read the emphasized words. The OP possesses numerous assets, meaning that the two-hectare land he sold to buy Bitcoin is not their only land. This should catch everyone's attention, that the OP took a risk, but it wasn't an all-in risk. They still have other lands ready to back up their future in case the value of the recently sold two-hectare land diminishes.

The disparity in economic strength undeniably has a significant impact. However, the essence is never to go all-in when you still have a life to live.

Those who are opposing the OP because they have overlooked this detail, what the OP is doing is the right thing and a good investment strategy.
I would call it portfolio diversification rather than him recklessly selling real assets to invest in bitcoin. But I also hope people should read carefully what OP is saying, this is not advice for everyone. Selling real estate or any other property to invest in bitcoin is never a good idea. Bitcoin is still a high risk asset because we should only invest what we can lose.

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

Volatility would be your most concern at this point. Land would just continue appreciating over the coming years, and at least you got that anyway while Bitcoin is not always like usual.

If I were in your shoes, I would let the land continue to appreciate and just trade Bitcoin in the meantime. As long as the land is entitled to you anyway, there would be no worries. I appreciate your enthusiasm and optimism in Bitcoin's value, but realistically speaking, we're not really sure for now.

Quote from: blackened515 on June 28, 2023, 08:32:26 AM

You're taking high risks, I keep saying that we shouldn't invest every substantial property into bitcoin, because this is cryptocurrency, alot of things happen, acknowledge the bull and bear season. What if you enter in the wrong entry of bitcoin, when it's dipping and end up liquidating your account, what will be your next step or decision, ofcourse you will fall into depression because that exactly everything you invested in and it didn't turned out the way you planned, I know what it means to start from scratch, always provide backup options for your primary plans.

Well there are no "wrong entries" anyway when we're talking about Bitcoin. It's just that deciding from that would either make you wait for either few years/months or more.

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Quote from: JoyMarsha on June 27, 2023, 05:22:03 PM

Anything that doubles your profits is worthwhile to invest, and risk your money in. If necessary, I wouldn't mind exchanging my sole plot of undeveloped land for bitcoin. I'm selling it because I know that whether things go well or poorly, the bitcoin I purchased will increase in value much more than the land I bought. When it does, I will be able to benefit from the earnings, which will allow me to purchase even more land at a better location than the one I currently own.

Affording land and properties is simple when one has a lot of money, but investing in Bitcoin at a high price takes a significant investment of capital in order to receive returns, and the best time to do so is during a bearish market.

You're taking high risks, I keep saying that we shouldn't invest every substantial property into bitcoin, because this is cryptocurrency, alot of things happen, acknowledge the bull and bear season. What if you enter in the wrong entry of bitcoin, when it's dipping and end up liquidating your account, what will be your next step or decision, ofcourse you will fall into depression because that exactly everything you invested in and it didn't turned out the way you planned, I know what it means to start from scratch, always provide backup options for your primary plans.

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Quote from: nurilham on June 26, 2023, 11:23:48 AM

In my personal opinion, this is not a matter of right or wrong, but more to do or not.
And "suitable" for each person is different.
On the one hand, sometimes this decision really benefits someone and makes them earn more money. And this happens not only because of luck, but there are those concerned who really understand the right time to buy and then sell it. Not a new person who appeared in the crypto world during a bullish trend.

but on the other hand, it may not be at all suitable for others who are just getting into the world of crypto business, for people who do not understand the risks and how to manage them properly at the right time.

Apart from that, there are other considerations when someone sells their property, whether it is the only property or not. If that was the only thing, I would never recommend this to anyone.

I agree that not having expertise would be a trouble, it should be a big deal where you need to have a small amount of trouble that could result in not a great response. I am not saying that you should be doing it because it's a good thing or a bad thing neither, I do not want to put a black and white line to this, but it is not that easy for newbies for sure.

If you know what you are doing, if you can hold long enough, and if you have proven to yourself that you can hold long enough, bitcoin could be more profitable than property for sure, not a lot of property goes up like that. But if you are unsure about it, then maybe it would make more sense to just keep it and not invest into bitcoin before you are certain about it.

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Selling properties and going all in bitcoin should be based on the understanding about the person on bitcoin. It is one's own earning and he have got the right to risk. It can be on bitcoin or the property can be left to grow in value over time. Most were success stories when investment were made after selling properties and valueables. Recently on person posted the incident of selling all his wife's jewels and buying bitcoin. Surely this could've given him with the best and no one lands in loss investing in bitcoin. The difference in time for growth could vary. We should have the patience to enjoy the real growth of bitcoin.

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

For all my friends who wish to prohibit or express their disagreement with the OP, please re-read the emphasized words. The OP possesses numerous assets, meaning that the two-hectare land he sold to buy Bitcoin is not their only land. This should catch everyone's attention, that the OP took a risk, but it wasn't an all-in risk. They still have other lands ready to back up their future in case the value of the recently sold two-hectare land diminishes.

The disparity in economic strength undeniably has a significant impact. However, the essence is never to go all-in when you still have a life to live.

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Anything that doubles your profits is worthwhile to invest, and risk your money in. If necessary, I wouldn't mind exchanging my sole plot of undeveloped land for bitcoin. I'm selling it because I know that whether things go well or poorly, the bitcoin I purchased will increase in value much more than the land I bought. When it does, I will be able to benefit from the earnings, which will allow me to purchase even more land at a better location than the one I currently own.

Affording land and properties is simple when one has a lot of money, but investing in Bitcoin at a high price takes a significant investment of capital in order to receive returns, and the best time to do so is during a bearish market.

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Quote from: Z390 on June 23, 2023, 06:06:28 AM

I am this close to making double of my money yesterday when I looked at my Bitcoin wallet, this was the Bitcoin I bought at 17k with two acres of farm lands I sold in 2022, I still feel very happy right now because of my decision, I believe that some risks are worth taking and mine is paying off, some people tried to talk me out of this, if I have keep the lands yes it could grow big in future, but the fastest growth of Bitcoin is far more enticing for me.

I am not trying to tell anyone to sell their properties to buy Butcoin, I have more lands that's why I am able to sell for Bitcoin, I think it's wrong having a land or two and sell because of Bitcoin, but if you have more, it's going to worth the risk, nothing grows insanely well like bitcoin does.

I am excited to see how 2024 and 2025 will play out, tell me, is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?

How can you be so reckless with your decision!!

do you not have any other way to buy bitcoin other than by selling the land you own, many people are trapped by buying bitcoin with debt or selling their valuable assets, while other people buy bitcoin with their cold funds. I hope you will not encounter difficulties in the future, so that the bitcoins that you are currently buying from the sale of your land are not in vain.

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Quote from: Falconer on June 27, 2023, 04:07:26 PM

I personally would not be too pushy to take this risk just to invest in bitcoin. I have a few pieces of land and some gold to use for jewelery but when I want to invest I tend to keep my budget low rather than selling other assets to get my budget together. Of course I can expect returns, but I can't take risks like this.

Perhaps, it was a smart idea. In fact, it was stated many times that "Only invest the amount that we can afford to lose". This obviously tells us what we gonna do and stepping behind this will certainly create a huge risk on our part. Selling is not the best option, maybe on the part of OP because he is filthy rich, he never feels any regrets or worries in his decision but for us who think about our finances, that is different. Of course, we choose the best thing for us even though we are risk-takers but it won't exceed our limits.

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I personally would not be too pushy to take this risk just to invest in bitcoin. I have a few pieces of land and some gold to use for jewelery but when I want to invest I tend to keep my budget low rather than selling other assets to get my budget together. Of course I can expect returns, but I can't take risks like this.

OP, I know you can do it especially if you can take the plunge. But imagine if you end up failing and you don't manage to get the return you should for one reason or another, are you sure you want to sell the property for investment?

Topic: Do you think it's still wrong selling properties for Bitcoin? (Read 823 times)