I can not sell my land or property to buy bitcoin. It will make me look like I am risking too much and which could affect me. My property remain my property and the land will continue to increase in value too. This is what I will think and I will not sell my land. Sometimes it is not about the profit, but diversification.
Out of the money I am seeing weekly, I can buy bitcoin using DCA, or can save the money weekly and keep it until bitcoin fall to certain price and buy. I use money to buy bitcoin directly, I mean from my salary, but my properties not what I can sell.
Topic: Do you think it's still wrong selling properties for Bitcoin? - page 8. (Read 823 times)
Do you think I went too far selling something as valuable as lands?
there is nothing wrong when your momentum and analysis is right to sell your property and buy Bitcoin at the right time. in fact you also benefit from your courage to take risks.I've also done something almost the same. because I also invest in Gold. and when the moment of Bitcoin decline in the past, I speculated to sell the Gold that I have and buy Bitcoin. I was worried because the Bitcoin moment was moving flat for quite a long time. but all the patience paid off completely with profits.
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 don't know enough about Bitcoin and are rushing to sell your assets merely to invest in Bitcoin, you're making the wrong decision since you're being dominated by your emotions. In my perspective, there is nothing wrong with selling properties, especially if you have a large number of them left. If you have proper knowledge and a plan, investing in cryptocurrency is a good move. 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?
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.
Obviously it's a wrong decision if anyone have one or two lands and he sell it to invest in Bitcoin. In this forum I have seen many people are investing in Bitcoin by selling Lands, jewelries, by taking bank loans . Always we have to remember that Bitcoin can't ensure you a safe investment every time. Because of its volatility it can go more down and if you invest your rest of all assets you may lose your hard earned funds.
Always we should invest in Bitcoin how much we can afford to lose. But if you don't take risk you will not win. That doesn't mean that you invest all your assets in Bitcoin. Bitcoin is still a good investment as it's now much cheaper than it's ATH. So we should make some analysis and invest a decent amount that we can afford to lose.
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?
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?
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