Topic: Don't be intimidated - page 5. (Read 894 times)

 It is not a good idea for someone to sell their valuable properties in order to invest in bitcoin. This is true even though bitcoin has proven to be a good investment, but because of Bitcoin nature of volatility, it is never a good idea to sell your valuables in order to purchase bitcoin, as you can never be sure of what features it will happen in the future.Therefore, all beginners should thoroughly study Bitcoin well before deciding to invest any money in it.Beginners should refrain from investing money that they can't afford to lose in the cryptocurrency sector in an effort to succeed soon.So let's invest wisely and with capital we can afford to lose.

Obviously, investing is different from gambling, we need to study to understand it and have a clear plan, not just rely on information from someone to make decisions. I also know that many newcomers are attracted only with profit and they are willing to pour money into it but when they lose they cannot learn their own wrong lesson about their knowledge in this field, some of the jokes from KOLS people say to the people they have drawn into this market that you lose because of your poor capital management , yes there are tons of reasons for you to fail, but you really know about them and keep getting lost in the maze in this market.

Many people who are selling properties to buy Bitcoin understands the risk and there is nothing to show off about here because if things fall apart it's going to be a huge loss for them.

Also, I believe that putting your savings into something like Bitcoin is worth the risk, it's safer than other crypto projects that can either make you or wreck you, the risks involved in Bitcoin investment is lower if we compare with other less important assets in crypto space.

What could such high risk strategy favour them if they are showing it off? I've never seen anyone posting pictures of their properties on this forum for show off, some stories about selling properties for Bitcoin are not even true, they are made up stories.

It is important to understand before trying to invest and sell property that is very valuable to make an investment is not a good decision, except to sell some properties that are not productive and most importantly understand how to make the right investment.

No investment is safe and we will always face risks along the way and the problem is when you are not able to face risks and try to minimize them. When you are not ready to take risks, investing is not the right place for you, therefore, before trying to invest, you should first learn how to do well. Investing with free money will not bring you to the stage of financial independence and when you rely on this method of investing it will take a long time to earn big profits. The investment capital will adjust the profit we will get and when you place a small amount of capital, the profit will also be small.

You should always do your own research & be confident enough to set your own risk level. Nobody else is in charge of your budget & how much you should invest. Having said that, you are on a bitcoin forum. People here love bitcoin so you are going to get positive comments on bitcoin & be advised to buy it. Nobody here benefits from one guy buying bitcoin unless it’s Saylor buying hundreds of thousands

Seriously though, bitcoin is a great inflation hedge, as the decades roll by you will always wish that you’d bought more so be sensible but buy a little regularly. You will be very happy in 25 years that you got into bitcoin. You don’t have to bankrupt yourself doing it but as part of a well managed & diversified portfolio, bitcoin is a must.

Of course you shouldn't be selling your stuffs, especially assets to invest in bitcoin. That would be the worst financial decision some would make in his life. Sure, if you have some money lying around that you wouldn't need in the long run, then yes, you can invest those money as long as you can afford to lose. But I doubt anyone can afford to lose their all their "assets". In fact your properties and assets will eventually appreciate over time with you having to take less risk, so that wouldn't be a wise decision. And also you don't invest on bitcoin based on "odds". Investing in crypto isn't gambling.

There should be a clear plan in mind on how to invest, when to invest and how much to invest. If you want a simple plan from me which I have done myself, this is it:

1. How to invest: Invest in Bitcoin and Ethereum, that's it. No other shitcoin/memecoin.
2. When to Invest?: When Daily RSI goes below 30, buy any amount you want.
3. How much to Invest?: Take out 10% of your salary per month for Crypto investment.

This might help you to start an investment plan.

The risk of selling real estate in which you and your family live or valuables you own to invest in bitcoin and cryptocurrency carries a very high risk.

I remember that some time ago I intended to travel and move to live in another country and I thought of selling my house and buying Bitcoin with that money. It seemed to me a great idea and I did not realize the risks at the time, but after a while the idea of traveling failed and I could not migrate and at the same time the price of Bitcoin fell, I thought at the time how much it was My loss is great if I sold my house to buy bitcoin and then the price fell, I would have stayed without a house and I would have probably waited many years for the price of bitcoin to rise so that I could buy another house.

Besides maybe 1 or 2 people globally. Nobody is selling their personal place of residence to buy Bitcoin. I only heard of 2 people that did that in bitcoins history of the last decade.

Both times they sold their home and bought Bitcoin during a bull market. They ended up facing 80% drawdown but if they held they obviously are in profit. One was a single guy and the other was a family that was going to live in an RV temporarily.

However most people don’t do that. Maybe they borrow some money on credit to buy crypto but nobody actually sells their house for Bitcoin.

It is always there for all to see and know that bitcoin is a volatile asset so therefore anyone trading should trade with caution and also trade with spare funds or cash you can afford  loss. If anyone is selling their property to invest in bitcoin, i believe they must have made up their mind considering the fact that they are holding for a long term otherwise it is not advisable to sell your property just to please people to know that you invested in bitcoin because if it turns out to decline in value then you would likely be going in for along term holding if that was not your plans of buying.

Rush decisions often lead to losses most when it comes to investing.
Decisions that made a few minutes ago, and didn't think of what can possibly happen with your investment will always leads to losses. Well, there might be some who are lucky, but most of them lose money.

Just to impress on the forum? I mean who in the hell will do that thing? You're giving away your security just for what? Self-validation? Praise for other users here, so you will brag your Bitcoin holdings? At least let's think twice about our security when it comes to our investment first and foremost. Let's not brag our investments especially online because people might make you the target, and they will try to scam you.

Putting your entire savings into Bitcoin? TBH, I'm almost neutral on this one. Why? Because what matters is when you put your savings, and invested it into Bitcoin. I will just use myself as an example. I have $100,000 in my savings account (though I don't have one really ), and I choose to invest it into Bitcoin last year. Since I know when to buy Bitcoin, my $100,000 initial money is up already by at least 50%. If I choose to just stay it with my savings account, it will not grow. Sometimes, risking your money is the best decision, and sometimes, it can change your life as well.

Are you referring to selling real estate to invest in bitcoin, and is that a wise idea? What makes you believe that bitcoin is only trending up and offers profit without risk? If you own real estate and don't use it, that doesn't mean it goes to waste, as its value also increases over time. And if you intend to sell land just because you have to pay taxes, that's silly. By the way, if you are confident about bitcoin's price increase, almost certainly, instead of advising others to sell land for investment, I think you should do it yourself.
Bitcoin has huge potential, but don't think selling land to invest in it because high return comes with high risk, old advice: only invest what we can lose with high risk assets like bitcoin.

Every single investor should invest only the money he can afford to lose, and this is not related to bitcoin only but every investment: stock market, real estate, you name it. The problem is that many people nowadays have no patience so they rush to buy something hoping it'll multiply its value in a few weeks but unfortunately it doesn't work like that. So a savvy investor must also have patience, a lot of it.

It's true that when it comes to making investment in any new asset you are been introduce to, getting the necessary basic understanding is always very important, and Bitcoin is not excluded as an asset, which is why I see no reason why if people are making money from it, you should rush into giving it a try without first learning to acquire the basic knowledge about it, as feeling intimidated has never solved any problem but done more harm, which is why it's always good a man do his due diligence before investing in any business, trade or asset.

I don't think that those people that have done it is for boasting or impressing other people. But it is more of a FOMO that they think they'll be left behind whenever Bitcoin soars. Yeah, it's a mistake that no one should do again when they're unsure of what path they're about to take. We've seen a lot that did it but only few succeeded.

That's true, you only invest what you can afford to lose. Let's just stick in reality because this is a highly volatile market and if you're for the quick money, you may be successful doing that but much likely that you won't. This is a long game market unless you're a professional trader that can conduct analysis and understands what you do because that's your industry. But for a newbie that just heard out people making money off trading, you have to do better and be more patient.

From what the OP said 
Actually, it depends.
People borrow to start up businesses. A business can be seen as a form of investment.
There are crypto traders who have people invest with them. They collect money from people, trade the money, and give the investors their share of the profit. A Very risky business, I don't advise it. 
Personally (and this is not financial advice in any way), I think it is only okay to borrow for an investment when you have in-depth knowledge of that particular investment, with some experience. And even as you borrow, make sure it's something that you'll be able to land on your feet if things go wrong.