Topic: Do you think it's still wrong selling properties for Bitcoin? - page 3. (Read 823 times)
We are not here to validate you in any way. You took a big chance, and it paid off. That might be done by someone else, but it wouldn't work for them. Do you think about taking a profit now that you have a 100% profit? is what I would like to know. Or would you want to make a 200% profit before taking a profit? Once, I sold a Rolex and invested the proceeds in bitcoin. I took a profit and purchased a new Rolex when the price of bitcoin rose. You can take the risks and still be safe if your calculation is accurate.
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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 won't gonna see what others are saying, but I personally think you didn't make a bad decision on your side. Because your investment falls within the first rules of trading because you invest what you can effort to lose. But whenever such a big investment is going to be done, it must be done keeping in mind that the investment will be for the long term. Because no one can guarantee about the market, the goal you are taking in 2024 or 2025 may it not happen. Moreover, at least it is better to do this than depositing money in banks. But you have to look carefully at the matter of security because such a big investment can be completely lost for a small mistake.
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is anyone taking such risks with Bitcoin investment? Do you think I went too far selling something as valuable as lands?
I don't really have that much wealth, but even if I had that much properties, I would have created a fund from that properties to invest in Bitcoin. I would not directly sell those properties to invest in Bitcoin, Because properties are physical assets, once it is gone, it is not possible to get it back in most cases. Let's say you sell your property, it is likely to be worth a lot in the future. Then it may happen that you still have the bitcoins but you can't get this property back. Selling properties to invest in Bitcoin is never a good idea. You got your profits because the market was favorable towards you.
I don't agree. When it comes to bitcoin, 90% of its existence it was favourable to investors. It's like playing a dice game where only by rolling 1 you lose and all the other numbers are wins.
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This won't be the case every time. Bitcoin investment carries a great risk.
Not that great if you consider the risk of holding stocks or money in a bank. Selling properties for bitcoin is a great idea, just try not to do it at the top. How do you know when the top is? The general idea is to try not to buy bitcoin when there's recently been a halving and bitcoin is up by a lot, at least 100% above the last ATH because you either are buying at the top or you're buying close to it. Buying in the bear market is generally safe.
For example, if you bought whenever in the last 12 months, you'd maybe be down 5% today but rather up more than 20%.
Selling properties is very risky, as you might lose them in the process and find yourself regretting in the end. But I believe there are always exceptions to that. Properties that are not giving you an income anymore might be good to sell and come up with a better and more profitable investment like bitcoin. However, risk management should be highly applied. Otherwise, if you sell your properties and expect quick profits from crypto will actually never work in the long run. Study your plan first, and prepare back ups if things not working according to your plan. I’d say diversification is a must but make sure to give bitcoin a bigger allocation.
Selling properties to invest in Bitcoin is never a good idea. You got your profits because the market was favorable towards you. This won't be the case every time. Bitcoin investment carries a great risk. The volatile market is one of them. Also, you have doubled your money because you entered the market at a very favorable time. What if the situation were different? The price has grown very fast, but there is still room to grow more. Bitcoin is a long-term asset. The best outcome can only be seen in the long run. But before that, it faces many difficulties.
Bitcoin investment is not for everyone and not everyone can make a profit out of it. Many lose everything in it. So the situation and the circumstances were in your favor and you made a good profit. But this will not be the same case for others. Keeping that in mind, invest only what you are willing to lose if the market is against your luck. Lands, golds, silver- these are some assets that will give you proper return and are not as volatile as Bitcoin. So selling them to choose something that contains higher risk is a foolish decision to me. At least from my point of view. But you made a good profit, so congratulation for that.
Bitcoin investment is not for everyone and not everyone can make a profit out of it. Many lose everything in it. So the situation and the circumstances were in your favor and you made a good profit. But this will not be the same case for others. Keeping that in mind, invest only what you are willing to lose if the market is against your luck. Lands, golds, silver- these are some assets that will give you proper return and are not as volatile as Bitcoin. So selling them to choose something that contains higher risk is a foolish decision to me. At least from my point of view. But you made a good profit, so congratulation for that.
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.
Well, so far i can say that, if you have many lands in the backup which will help you out when the market will not go as you had predicted then in my POV, it eliminates the factor of risk as you have managed the risk with some collateral and fully prepared to bear the results in all conditions.And for your question, you have given answers, like who should sell the land for BTC, well one of my friends shared once that he wants to sell his only property to buy BTC but his parents did not agree upon this idea and I said, they did good just like you advices here. Because it is not a good idea to sell land that you have only a small amount to buy BTC.
And I can say, you bought the BTC at a good price, and you could make 5x or maybe more in the next bull run just after the halving. So be prepared and do not fall prey to any market sentiments.
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.
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.
It's all good if it's working for you bro, you don't need to ask others' opinions when it's already working out for you. There are some crypto millionaires on YouTube who purchased Bitcoin in 2022 after selling a few limousines, saying he made the right decision, and he is still hoping Bitcoin will reach new lows so he can sell his lambos.
A wise man once said that when others are fearful, be greedy; investors lose motivation for buying Bitcoin after the price drops, but they start to buy when the price surges.
Those who buy Bitcoin at the lowest will make the higher profits when Bitcoin creates a new all time high, if you believe that selling your properties are bad move to buy Bitcoin then do not do it, those who believe that they are doing the right thing will proceed, and I think they will make more money for having the balls to take the risk.
A wise man once said that when others are fearful, be greedy; investors lose motivation for buying Bitcoin after the price drops, but they start to buy when the price surges.
Those who buy Bitcoin at the lowest will make the higher profits when Bitcoin creates a new all time high, if you believe that selling your properties are bad move to buy Bitcoin then do not do it, those who believe that they are doing the right thing will proceed, and I think they will make more money for having the balls to take the risk.
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 lots of land and selling one of them to invest in bitcoin is called investment diversification, I don't think you are taking the risk to invest. but this should not be encouraged and applied to people who do not have as many assets as you. bitcoin offers very good returns, but also let's not forget the risks that we can face, so we should continue to maintain the investment method, should only invest what can be lost. What you do is not wrong, but I hope people who do not have too much money will not imitate you. 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?
The price of the property has a potential price increasing through year's people why keep making an investment with the real estate because they know the potential one of the common mistakes is they buy a property but they left this idle and just a sleeping money if you know how to manage the proper cashflow you can get paid those property back by renting and let them pay for you than hoping that you will earn back those money after 5 years or more.
In bitcoin, we know how to flip quickly, but the risk is higher than the assurance of getting a good return on properties that give you cash flows. Ideal for enlarging the sources of assets and then buy a Bitcoin.
In bitcoin, we know how to flip quickly, but the risk is higher than the assurance of getting a good return on properties that give you cash flows. Ideal for enlarging the sources of assets and then buy a Bitcoin.
That is really a calculated risk. There is nothing wrong with selling your properties to buy Bitcoin as long as you can take it if you lose your investment. What I mean is that you have spare land that, let's say, is not usable for you at the moment, and you are a risk-taker, which means that you are not like others who are staying in their comfort zone. As long as you invest what you can afford to lose, then you'll be good, but if you sell it off and if it happens you lose your home as well, then that is a huge problem, but right now that is your spare land.
In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.
And I feel like he did the right thing. He has more land, so he, as they say, did not put all his eggs in one basket. He chose to hold some land and some bitcoin, which is a great idea that always leaves you something to fall back to.
For someone with a single apartment willing to sell it and buy bitcoin it could be a bad investment, but if they could, for instance, rent out a room to someone and use that money to buy bitcoin every month it could end up being one of the best choices in their life.
If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future.
It's not worth it to sell your property just to buy Bitcoin unless if you are rich and own many properties then I think it's okay. It is much better if the money that will be use to buy or invest in Bitcoin came from salary like 1/3 of the salary or depends on what you do and it's not much hassle.I also do not advocate investing in bitcoin with money that we cannot lose because the volatility of bitcoin presents us with too much risk. But there is no success without trade-offs, so selling assets to invest in bitcoin can also be considered. As long as we are willing to accept the loss of it and the loss of that property will not bring us down in life, then we can take the risk. We need to take risks to achieve tremendous success, but it takes calculation, proper planning, and not gambling. I'm not giving advice to anyone, this is just my fleeting thought as I think success requires trade-offs.
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.
Your situation is unique, and you were able to invest only what you can afford to lose. If you never recovered the money you sold the land for, it might not be such a big deal to you. You made the correct decision by investing them in bitcoin, and you are now reaping benefits of your decision. You may have invested them since you have additional land and can still keep the rest if this one doesn't yield any rewards following the investment.
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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?
Owning bitcoin is also advantageous as long as you don't sell it in a market panic. Risk is essential for success in this life if it is worth taking. In your situation, it was worthwhile to take the risk, and you can now reap the rewards of the decision you took earlier.
If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future.
It's not worth it to sell your property just to buy Bitcoin unless if you are rich and own many properties then I think it's okay. It is much better if the money that will be use to buy or invest in Bitcoin came from salary like 1/3 of the salary or depends on what you do and it's not much hassle. 
In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.
It looks like @OP has a surplus of land, and has a steady source of income, and does not rely on that sold land for living. So I say it is a wise decision to sell the exess land to invest in Bitcoin in order to get more profit than just utilizing the land.
I would not agree with the action of @OP if that land is his main source of income and sold it in hopes to make his investment in Bitcoin double. In this kind of scenario, @OP might have sold his BTC at a loss since he doesn't have any means to support himself.
It’s based on your opinion,because the bitcoin price is not stable one.To recover the loss,it’s essential one to hold till the bitcoin price increases above the buying price of your holding bitcoin.When you hold your bitcoin for the longer period,if you have not dependencies of the bitcoin which your received from selling the land.To face this risk,some people will not accept the bitcoin as payment,but bitcoin gives you maximum return.
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?
If you will ask me, I would suggest to not to sell all your properties but instead diversify it. We all know that crypto market is very volatile and we cannot predict what will happen in the next few years, but properties value arises each year but only depends to the properties you are talking about, having both things are good and good for your future. 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?
In my personal opinion, I wouldn't recommend selling one's lands for Bitcoin investments. It's a different situation if someone has a surplus of land and is willing to take risks. Losing it wouldn't be a significant setback for them. If the value of Bitcoin had dropped by 2 times after your purchase, you probably wouldn't be making this post or asking this question. Fortunately, your Bitcoin investment has doubled, making you happy. However, it's important to remember that not everyone is as fortunate as you are.
As long as you're happy deciding to sell the land, you are good to go nobody can tell whether what you did is right or wrong apart from yourself. I won't sell land to invest in Bitcoin because both had their investment opportunities, stand and usefulness
As long as we are not selling everything we have and still have the house to live in, that is still fine. We can't just sacrifice our living because of the want to invest in Bitcoin as we can't fully rely on our future on this. Many people become poor due to big losses from investing in Bitcoin and this is also because of mismanagement and we can't assure as well that we can manage it right. At least, if we lose our first attempt, we still have money left and still can survive. How to imagine yourself from a rich man to a poor man because of crypto investment? It should be thinking several times... Jump to: