Topic: Do you think it's still wrong selling properties for Bitcoin? - page 7. (Read 827 times)

You are already in good profit, you are happy you made the right decision by selling your property and buying bitcoin, if you sold your land and bought bitcoin when it was around $60k, am sure you will be sad now because you will be having just like half of your money at the current market price, and you won’t even be having anything much you in your wallet when bitcoin went to $17k. It’s really risky selling properties just to buy bitcoin, if you sell your land bought bitcoin, if bitcoin start dumping massively, not everyone will be able to withstand the shock, some people might end up selling their bitcoin at lost, I won’t really encourage anyone to sell their properties to invest in bitcoin.

What do you think will happen by 2024 and 2025? Everyone have been predicting that the next bull run will happen by next year, but all is just prediction, nobody knows when the bull run will be starting, don’t be surprise that their will be bear market in 2024 and 2025 which you just mentioned above or maybe bitcoin will be stabilized in one range. You should make people’s expectations too high, am sure bitcoin is going to pump hard, but nobody knows when that will happen.

The rapid growth of bitcoin is tempting for everyone.

The insanely good rise of btc won't last forever.

The coming years 2024-2025 are exciting not only for you. Whether these events will be joyful for investors in the coming years is unknown. Every investor in btc takes risks.

I believe that as before, everyone has the right to act as he pleases. Why do you expect approval for every action? If you think that selling properties for bitcoin in the future will bring you profit and success, then act more boldly. Your life, your risks.

The land has always been valued, at all times, the same can be said about gold, because they are time-tested. Bitcoin is still a very young asset, which is called digital gold, and we have yet to see if it can reach the same level as the land, but in the short term (I mean a period of several years), вitcoin can be very interesting as an investment. If you have a lot of land and can afford to sell some of it for bitcoin, then you will have a chance to buy several times more land if bitcoin rises in a new bull market. If someone owns a single piece of land, then selling it is certainly not worth it for the sake of manipulating bitcoin, because the risks are still very high, and risking a single piece of land, would not be a thoughtful action.

Why not it depends on the kind of land you're selling, if it's situated in a commercial district that's a bad decision to sell, if the land is in a remote area and is meant to be for your vacation then selling it for Bitcoin just when the market is doing great is ok,
There are always risks involved in selling properties for Bitcoin it could backfire or it could be rewarding but sometimes when we are investing long enough we develop an insight that motivates us to go all out, this is when proper analysis comes in, emotion and analysis are two different things.

Trying to advise the OP to sell property so s/he will invest in Bitcoin is not a good advice to give, because selling property is not a good endeavor, if I many ask, why did you buy the property in the first place? if you know you want to invest in Bitcoin? Why not invest in Bitcoin before buying a property.

I don't think anyone can advise you otherwise, because you clearly made a choice that paid off for you, and would make same again.
I do however want to know the investment strategy you applied to gain massively.

Not many of us can take such risk mostly as it is decentralized, almost invincible. A land however can generate funds if I know how to work it as a mechanized farmer or rearer of animals or rent/lease for development.
Anyhow we see this though, so long as you can maintain focus and concentration, can be secure enough to keep private keys and information from anyone, Bitcoin is worth the risk.
After all, we have to risk it, to get the biscuit.

Selling something like lands, real estates to buy bitcoin can be good and can be bad. What will you do after you buy bitcoin?

Will your plan is holding it like an investment or trading it like a trader? It will decide your ending with profit or loss. If it is investment, how long will you hold it is important. If you can not hold it long enough to get profit, you will get the opposite, loss.

If you will have empty hands after selling those properties and only get bitcoin in your hands after that, it's bad. No one can be sure about future and we don't know the future of Bitcoin. We can have belief but you must not bet all with our belief.

Since you can double your money in short time by selling your property to buy Bitcoin, it's not wrong because your decision is successful. But if it goes wrong, your decision would turn to be wrong lol. It's simple if you win, then it's not wrong. If you lose, then it's wrong.

But since no one has a crystal ball and it's better to prevent than cure, you need to diversify your investment because not anyone can accept huge lose.

Well, you said already that you have more lands, so I guess this is just a matter or diversifying your assets, and I don't see anything wrong with it.

TBH, I don't see why people see it as a bad thing where in fact, OP just did a great job. Selling a part of his land, bought Bitcoin at near it's bottom, and now he nearly doubled his money already in just a matter of months. Some might be saying "Ohhh land is more valuable than Bitcoin, and appreciates in the long run." Well, it doesn't matter because as an investor, you will think of a ways to earn money as quick as possible.

To those who are against what OP did, he already said that he has more lands to use, so don't get affected, and say that it was a bad thing. Like what I said, it all depends on the person who did it. The main reason why you are investing is to gain profit, and that's what OP did.

I was in the same position a few years back, when I sold assets to buy bitcoins. I bought my first bitcoins when the price was $400+ and I sold some of them when the Bitcoin price was $40 000+ (100 times more than what I paid for it)

The people who criticized me, started to ask me how to buy bitcoins when it reached a All-time-High price and then panicked when the price dropped 100% and more... (The sold early.. and now they hate Bitcoin.. because they lost 100% of their investment) 

Shouldn't sell any assets and buy bitcoins, we know double profit can be made from bitcoins, but for that we sell our land or houses for bitcoins it would not be reasonable.If one has a lot of money in his bank account then he can invest in Bitcoin.  Because twice the amount of money that the bank gives is possible from Bitcoin.Maybe you have made a good amount of profit by selling the land and investing in bitcoins but what is the guarantee that you will get a good profit by selling the land again later.  Since Bitcoin is a risky investment, there is no guarantee that Bitcoin will double your profits every time, losses can also occur.We shouldn't be greedy and sell any assets to buy bitcoins, so those with residual sources of funds have no problem taking bitcoin risks.

I don't think it is worth selling properties to buy Bitcoin. I mean, if you have a guitar you don't play or PS4, and you sell it to buy Bitcoin - it's okay. But if you're selling your house or a car that you use - you are either really brave or and idiot. Or both.

Wrong or right about your decision, I think it depends on the situation of the land you have, if the land has the potential to become a sustainable business area, I think it's better than selling.

Seeing your situation that has a lot of land, certainly not a problem you sell it and then invest in bitcoin, but if there are people who have only a piece of land, and he lives on the land, I think selling it to invest in bitcoin is a stupid action, though Indeed, I realize Bitcoin has the potential for profit, but if you sacrifice assets for your life it is an action that I mentioned before.

One feels very happy once a decision goes their way and the other way when it doesn’t. Both the land and bitcoin when hold are good long term investments although bitcoin has potential to grow more in profit in a shorter period than land it is still a risky investment.

Although you have multiple land but I would prefer holding on to land because this is an asset I wouldn’t be comfortable to lose, and the first rule of investing into bitcoin is using money that one can afford to lose. More over land doesn’t have any risk of losing compare to bitcoin.

Honestly, I'm not a fan of taking risks to bet my life on assets, everything I've invested in btc and the crypto market so far has been a source of residual funds, so when profit I am also very excited and more comfortable. Witnessing some of my friends around me who had to borrow and invest in mortgages and then default, I really feel sorry for them when they got caught up in the greedy spiral of money, we all The thought of wanting a lot of money and just hearing about any opportunities from people we trust, that's actually the root of the problem. When you really don't understand what it is, do research first, and I think we adults should be more responsible with life about the behavior we choose to give, always think carefully before giving it decide what to do.

Land is an asset and bitcoin is an asset. Bitcoin price increase time to time and also land price increase time to time. People sell land to change their life to good. Selling not land to buy bitcoin is an another dimension of business. But since you said you more lands then it is not bad to do if not I advise you to use the money to build a bungalow and rent it out and use the rent money to buy bitcoin with that you doing two business at the same time. And you can use the rent to buy bitcoin every year when the rent has been paid.

The work you are doing does look quite interesting even though you have played with a risk that may be quite high in this case, but you have found the victory by getting a profit that is almost double the price of the land you sold last year. But I personally still don't dare to do something like this because on the one hand I don't have more land to sell in order to make a bigger investment in Bitcoin. But for those who want to try this kind of thing, of course it's good enough if they have more unused or abandoned land.

I also believe that Bitcoin can provide faster growth to those who have bought it cheaply, and that is regardless of what assets they have sacrificed to fulfill their investment in Bitcoin. But as you said it is true that if someone doesn't have more land in their life, it is better not to try to do this kind of thing because the risk is too great if they are not lucky enough to get the return as before. And in this case you have really benefited from the investment you made.

You don't go too far for the investment that you have done, because you only sell part of the land to get Bitcoin at a price that you think is very cheap at that time. So what you did was really not wrong because on the other hand you still have more land for you to use and you live there. But I still don't dare to take this kind of risk, especially after seeing Bitcoin which is already at $30K as it is now. And congratulations on achieving this extraordinary profit from Bitcoin in a time that may not be that long for you.

Could be that you went far because there goes the what if but the bottom line here is whoever does this thing should carefully think of it before doing so. While you're in at good situation where you've got vast land. Some probably also did this but that's their very land and there's no other back up that they can source out if ever something goes wrong with this decision. IMO, there's nothing wrong into selling or properties or lands or anything you possess as long as you know what you are doing.

very few people are willing to sell their property to be able to invest in Bitcoin because it is quite risky that the investment they make may fail because the price of Bitcoin tends to be unstable. but if successful they can hit the jackpot where it can change their life, just like you experienced.

I personally have sold my assets several times to be able to reinvest in bitcoin. several times I experienced failure, but several times I got profits which could cover previous losses and provide more profit. so don't doubt that investing in Bitcoin with the money you get from selling your personal assets will not bring you profit, the point is to be patient and hold on until you make a profit.

It's not that wrong depends on your wealth because some other people do these things even though they don't have anything except the properties they sold to buy bitcoins. Others have multiple properties and multiple sources of income as well. With this kind of scenario, it is recommended to sell properties that are not making money for them and convert them to bitcoins, which will increase their price in the future. If I had such a choice that I could sell some of my properties to buy bitcoins, I would have done it, but I'm not rich and only can afford a small number of bitcoins after I buy everything I need from my salary.