Do you think it's still wrong selling properties for Bitcoin? - page 5.

yudi09

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Quote from: Cryptmuster on June 24, 2023, 02:22:30 AM

Quote from: yudi09 on June 24, 2023, 02:05:29 AM

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin,

Behind something that cannot be clearly ascertained, we always have good confidence in waiting for price growth to continue to increase.
I'm not too hasty to say that the bull market has started or could start much earlier considering the usual habit of the downward phase after the bull market happens like something you said although it doesn't have to happen.

The option that I will do while waiting for the hope that has been stored long ago is to hold back and add.

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but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.

I also don't dare to take action like OP

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You made a smart move by selling your land for Bitcoin, and it's paying off well! Some people might say it's not wise to sell valuable assets like land, but you've got other lands to keep you secure. Bitcoin's growth has been impressive, and it's understandable why you find it more enticing. Many others have taken similar risks with Bitcoin and achieved great results. Let's see how Bitcoin evolves in 2024 and 2025—it's exciting! Remember, everyone's investment choices are personal, so as long as you feel comfortable and have a diverse strategy, embracing Bitcoin can be both thrilling and profitable.

Everyone has their own views on this matter because selling some properties for investing in bitcoin can be said to be good and it can be said otherwise.
When you do have several properties like OP then it won't be a problem but it's different if you only make this a bet where we only have 1 property and it is sold as an investment in bitcoin.
Even though it doesn't violate it, it's still not right because basically the strategy used in investing, especially BTC, is not just buying big and risking our wealth because basically there are other strategies such as DCA or buy the dip that can be used as an option.

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Quote from: Cryptmuster on June 24, 2023, 02:22:30 AM

Quote from: yudi09 on June 24, 2023, 02:05:29 AM

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin, but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.

Anything can happen, if we cannot be ruled out that the bull market could start much earlier, then let's not ignore what is happening maybe just a short term rally and things will correct again. I remember when bitcoin went from $17k to $30 in March of this year, many people had the same beliefs as you do now. They think the bull season will come earlier than usual, but in the end, as we have seen, we are still in a bear market.

OP's actions should not be encouraged because we are all not the same. He has a lot of properties, and selling 2 acres of farm lands won't be too big a deal for him. If someone has a lot of possessions, they can imitate him. But for those who don't have too much money, don't follow him, it's very risky.

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Quote from: yudi09 on June 24, 2023, 02:05:29 AM

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

There is already a lot of positive in the crypto market right now, and bitcoin is reacting with growth, so it cannot be ruled out that the bull market could start much earlier, or has already begun.
But something tells me that there must be a significant correction before the start of real growth. That is, over the course of several years, we can still expect a very good growth of bitcoin, but I probably would not dare to sell gold or real estate for the sake of investing in bitcoin.

yudi09

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Now you are in a profitable position if the Bitcoin you bought for $17k is still in your wallet as the Bitcoin price in minutes is already $30,710^{[at the time of writing]}.

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

-snip-
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?

It seems to me that you are acting very brave by selling valuable property to be able to buy Bitcoins. Indeed, your goal is to get a profit with a much greater multiplication, but it is too risky that many people might not do what you did to be able to invest in Bitcoin.
I understand that each of us has a different way of thinking in seeing something in order to be able to benefit from investing.
That's why I won't say your actions are wrong.

2024 is the year most expected to see shocks to the Bitcoin price.

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Certainly, your saga highlights Bitcoin's volatile, yet potentially rewarding nature - indeed, "No guts, no glory." But remember, every risk doesnt guarantee rewards. Success stories often come with tales of devastating losses. Trading property, a solid asset, for fluctuating Bitcoin is a high-risk venture, seemingly profitable for you. Yet, this route may not resonate with all. Land - offers stable growth and safety; Bitcoin - holds wealth expansion potential, but at the risk of sharp declines.

Peering into 2024 and 2025, I predict amplified Bitcoin instability and notable value changes. It'll be captivating to see how your high-stakes bet plays out in the larger scheme

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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?

why would it be too far? you are basically doing the same thing as a lot of people have already done, I mean, there are people who have sold their land/s to invest in a business or start one. just like them, you sold your land to invest in something(in this case, Bitcoin), so I don't really see why you selling your land to invest in something you believe would gain you profit would be "too far". btw, congrats on the profit you made from investing in Bitcoin.

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I think you got it pretty accurate OP
- if you don't having enough btc, but you have enough property, then it's definitely worth the risk.
- The "speed of upside" for bitcoin in comparison to property is definitely one reason to make the move

Of course, not everyone is fortunate enough to have multiple lots of land or property, and no one should be considering selling their only home for btc! That's too much loss of security.

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Till now people who had bought Bitcoin selling the properties have succeeded out of it. The most common one is the Bitcoin family that sold everything that belonged to them and moved to refugee camp buying Bitcoin. Now after years they were able to make good profit and now involved with bitcoin awareness throughout the world. So buying bitcoin with the land is good, but one should have the trust as well as the patience to enjoy the outcome.

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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?

Based on your post I can understand you own several land plots, you didn't sell the only ones you had so of course it's a big risk but not as big as the risks that other people took. You can see that as diversification, if you didn't need those lands then why not selling them and buying bitcoin? Especially if you bought at $17k, that's a price that we may not see ever again...

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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?

In the country where I live, nothing can compete with the increase in real estate value. Real estate value has increased exponentially every year. If I had sold property and bought bitcoin at the time you mentioned, I would be at a loss now. Every country is different, so I can't generalize.

I am against buying bitcoins by taking out a loan or selling property. If you can easily repay the loan amount, it can be your choice. You should not buy bitcoin by selling property. This is the case for the country I live in. Most of the time it makes more sense to buy bitcoins with the money you have left over after meeting your general needs.

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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?

The decision of selling properties to invest in Bitcoin can be good and can also be worse base on the investor risk management with a plan set in getting the land back.
The good thing is that you're happy with the decision you take but if I were you I would have gotten a loan while I use the land as collateral if that's what you do now you would have returned the money get your land back and also have some profit. However, all this is a high risk involving investment though.

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This will never be advisable in this industry unless the amount you will get from doing so, would just be an extra fund of yours and won't be needed in times of emergency. But as much as possible, only use an amount that you can instantly afford losing; a cliché phrase in any field of investment. Profit potential in this industry is indeed huge but given that volatility and inconsistency with market price movements, is obvious, then you mighy consider managing the risk and avoiding to go all out just because of the idea of profit.

Quote from: panganib999 on June 23, 2023, 05:01:40 PM

I mean in a sense it’s just like trading your coins lmao. You’re still looking at an investment that woll offer you profits in the process so how is selling your property in exchange for bitcoins bad? I personally believe you have full agency over your money and anyone who tells you otherwise can eat a fat chode. If you wanted to sell a house you don’t use anymore in exchange for bitcoin then so be it. On the other hand if you wanted to buy a house your bitcoin money, rent it to a single mother of five and jack the price of your rent so high that she’d have to look for another job to get by it’s up to you too (I’m kidding don’t do this).

Basically, you do uou, the world is your oyster my guy.

It has something to do with a habit I guess. Once you're into selling your properties, how sure are you to not go with your other belongings, if anything bad happens on the first one just to make up of your loss. Ever heard stories such as an investor sold his house to invest in bitcoin and suddenly a market crash happened, which put him into struggling times. Profit won't come in an instant.

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Your bitcoin success story is truly inspiring! It's amazing to hear how your decision to invest in bitcoin has paid off so well for you. Taking risks can be scary, but it seems like you made a smart move by using some of your extra land for the investment. It's important to consider our individual situations and resources before diving into such investments. As for me, I haven't taken that big of a risk with bitcoin yet, but hearing your story definitely makes me think about the potential opportunities it offers. Wishing you continued success and let's see how the future unfolds!

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Quote from: Bushdark on June 23, 2023, 05:07:03 PM

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?

This is crazy and I am going to laugh more if the worse finally happens to you.
Why on earth would you take that decision to sell your land and buy Bitcoin. This is a big ignorant and maybe you think you are trying to impress us that are in this forum so see how funny you are. You don't need to be juvenile when it comes to some certain decisions os you need to take decisions that will make people see you as a wise human being.

I don't have much to write but next time, have it in your mind that the money that we ought to use for Bitcoin investment should be our spear money, not going extra miles to make uncertainty move that could crash us at the middle.

The worst won't happen to him on his investment. We all know that Bitcoin is about to moon since a year from now Bitcoin might be in a bull run, that increase the value of @OP's holding, then when Bitcoin records another ATH, it is possible that the value of @OP's holding would increase more than 5x. So tell me how can it possibly go wrong? Unless @OP sells at a loss. The appreciation of land value can't keep up with the appreciation of Bitcoin value. so @OP can always sell his BTC and buy more land from the profit.

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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?

I'm not on the same side - so I wouldn't take that risk investing in bitcoin by selling other assets such as property, houses, cars or jewelry. After all, the risks are obvious - so why would you do it if you knew you would be at risk?

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

Do you think I went too far selling something as valuable as lands?

Of course that's too extreme. You don't need to be overly optimistic like that even if you are sure that there will be a return that you will get from the investment. If you believe it's a good one, then have alternatives such as selling 1 of 2 properties that you no longer use or are no longer making you a profit. But if it's the only one - then back off.

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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?

This is crazy and I am going to laugh more if the worse finally happens to you.
Why on earth would you take that decision to sell your land and buy Bitcoin. This is a big ignorant and maybe you think you are trying to impress us that are in this forum so see how funny you are. You don't need to be juvenile when it comes to some certain decisions os you need to take decisions that will make people see you as a wise human being.

I don't have much to write but next time, have it in your mind that the money that we ought to use for Bitcoin investment should be our spear money, not going extra miles to make uncertainty move that could crash us at the middle.

panganib999

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I mean in a sense it’s just like trading your coins lmao. You’re still looking at an investment that woll offer you profits in the process so how is selling your property in exchange for bitcoins bad? I personally believe you have full agency over your money and anyone who tells you otherwise can eat a fat chode. If you wanted to sell a house you don’t use anymore in exchange for bitcoin then so be it. On the other hand if you wanted to buy a house your bitcoin money, rent it to a single mother of five and jack the price of your rent so high that she’d have to look for another job to get by it’s up to you too (I’m kidding don’t do this).

Basically, you do uou, the world is your oyster my guy.

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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?

I am not taking such kind of risk since I have some activities where I can earn Bitcoin. Probably if I don't have any other way I might do such things, as sell the property that is idle and not producing any profit for me.

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

Do you think I went too far selling something as valuable as lands?

No, since it gives you a profit then the ends justify the means. For now, we can say your decision is correct and that nullifies your risky action of selling your land for Bitcoin. As long as the result is positive there is no such telling that you went too far because by far you successfully hitting your target and that is to profit in a faster way.

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Well, everyone makes their decisions as best they want, we are supposed to be +18, now when you present your case you do it free of opinion, so I think you made the trip backwards, I say you have to invest in bitcoin and then hold on to some kind of passive as a ground.

In any case, there are many variables to consider that we do not see and that perhaps helped in your decision, but I would never sell land to buy bitcoin, at least of course, as I mentioned, certain conditions were met.

Topic: Do you think it's still wrong selling properties for Bitcoin? - page 5. (Read 823 times)