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Topic: Farmer's Bitcoin Investment (Read 841 times)

full member
Activity: 420
Merit: 130
June 23, 2024, 06:07:12 AM
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 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.
Since you are a farmer, you should definitely do your due diligence before investing in Bitcoin. Since you expect the future price of Bitcoin to exceed $100k in 2025 and want to invest since it is nobody's guess when Bitcoin price will be. Investing in Bitcoin is quite risky so you are requested to invest your farming earnings well.
hero member
Activity: 812
Merit: 619
June 23, 2024, 05:08:25 AM
When you can start with a little capital, of course this will make the assets you have continue to increase and when we see this, of course this will make us even more enthusiastic about collecting Bitcoins and if there are friends in your field of work who will collect Bitcoins, of course You must be able to guide them in collecting and also how to maintain the assets you have collected well. If indeed they can continue to collect their Bitcoin assets consistently, of course they will be able to make a profit when the Bitcoin price reaches its highest price in the future.

I wouldn't recommend that. I believe a person should only invest their money in something if they understand it very well, whether it's Bitcoin or anything else in general, as long as you are just a listener who listens to what others say and believes all of it, you shouldn't invest because you might lose your money with a small mistake.

So people, whether they are our friends, family members, relatives, or just random people, should be told to do their research before they go ahead and make their investments because it is essential for them to understand what Bitcoin is and everything else about it. They should understand the market and how it moves, and all other aspects that are important, only then they should make their decision.
sr. member
Activity: 616
Merit: 271
June 21, 2024, 09:53:35 AM
In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.
Success indeed is like a perfume, it smells so nice and attracts lots of people. It is good that you and your uncle took that decision to invest in bitcoin and the result from your investment decision turned out well. Farmers adopting bitcoin is an interesting addition to the Bitcoin family, this shows that with time bitcoin will get to everyone. You both should as well let the poor farmers know that Bitcoin investment is not a get rich quick kind of investment that is without it's own risks. People react differently to risks so, it is better they know what is involved before they invest.
full member
Activity: 882
Merit: 211
June 21, 2024, 05:08:59 AM
It doesn't matter if you only buy a small amount at the beginning; if you save little by little, it will grow one day because the value of bitcoin will increase. For sure, the value of the capital you used to buy with bitcoin will also increase. And you set a good example for your fellow farmers too, op.

I hope that even if you are in the province, you can continue to do what you have started here in Bitcoin op together with other farmers you know and also be an example to other farmers too.
When you can start with a little capital, of course this will make the assets you have continue to increase and when we see this, of course this will make us even more enthusiastic about collecting Bitcoins and if there are friends in your field of work who will collect Bitcoins, of course You must be able to guide them in collecting and also how to maintain the assets you have collected well. If indeed they can continue to collect their Bitcoin assets consistently, of course they will be able to make a profit when the Bitcoin price reaches its highest price in the future.
hero member
Activity: 1666
Merit: 453
June 20, 2024, 11:43:33 PM
In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

It doesn't matter if you only buy a small amount at the beginning; if you save little by little, it will grow one day because the value of bitcoin will increase. For sure, the value of the capital you used to buy with bitcoin will also increase. And you set a good example for your fellow farmers too, op.

I hope that even if you are in the province, you can continue to do what you have started here in Bitcoin op together with other farmers you know and also be an example to other farmers too.
full member
Activity: 546
Merit: 105
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June 20, 2024, 08:02:20 AM
It's truly inspiring to hear about your journey and the impact your uncle's success with Bitcoin has had on your community. As a farmer working tirelessly on the land, you’ve seen firsthand how innovative investments can open new opportunities. Your uncle's venture into Bitcoin back in 2019, despite the risks, turned out to be a remarkable success story, allowing him to buy more land and spurring interest among local farmers. The cooperative society you formed with the help of your college teacher demonstrates the power of community and collective effort. With the possibility of Bitcoin reaching $100k by 2025, there's a shared hope for further gains that could significantly boost agricultural development in your area. It's a testament to how embracing new technologies and financial strategies can transform traditional livelihoods and create a more prosperous future for everyone involved.






member
Activity: 182
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February 13, 2024, 06:18:24 PM
In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

 Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.
You have taken a very good initiative but of course anyone with bitcoin deposits should be very careful. He should be so aware that Bitcoins are very safe. There may be many people here who are not very experienced about bitcoins but from here his acquaintances have made money and bought land by investing in bitcoins because of which he must be assured in the investment. Educate people who are investing in bitcoin gradually about bitcoin investment by educating them about all the rules and regulations of bitcoin investment and volatility of bitcoin market Hope your investment will be successful soon.
full member
Activity: 1484
Merit: 136
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February 13, 2024, 04:44:49 PM
Well, if this story is true, then it is a good thing. It's a good start that your uncle won a good amount of profit from bitcoin, and that's when the effect or chain reaction comes in, as they will be influenced to also engage in something that is complex to them. Luckily, they have someone that guides them and teaches them the necessary things they should know when investing in bitcoin. Bitcoin may be tricky and dangerous, but it can be a good investment. With the right execution and guidance, you can earn as much as you want, and it might change your life. And your uncle showed more good potential in investing as he bought a land or invested in a land so that his income would not only come from bitcoin but also from the agricultural side. Bitcoin is also long-term, and with more investment, you can secure your future with a good living.
legendary
Activity: 2534
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February 13, 2024, 04:07:37 PM
Your post was in a thread that had no activity for around 7 months. What is necessary to make the post and then to get yourself noticed when you already had one neutral tag for AI posting? Now after looking at your post history I have added a neutral tag to your account. If you want to build up ranks on accounts in your farm you should be more careful.

~snip~
sr. member
Activity: 952
Merit: 391
Underestimate- nothing
February 13, 2024, 03:49:45 PM
As a farmer, one must understand the risks before investing in bitcoin it has both positive and negative aspects. If you invest without knowing well about bitcoin, you will lose money. One of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. Bitcoin should be considered an uncertain investment and its value can go up and down. Also, there are risks of bitcoin hacking and crashes and should be fully clear before investing. That's why you have to take the right decision by gaining knowledge about the market.
Am even surprised that someone who's a farmer still has time to invest in Bitcoin, and if that is the case the dos and don't need to be understood before investing all the money gotten from farming and losing it to Bitcoin, the person that advised that farmer should better advise well, the farmer should understand that even during is farming there are years that it is abundant and there are years that the farm might not yield plenty so is bitcoin there periods the investor and their times that the person expectation will not be met so this are examples that will make everything more clear for the farmer since bitcoin does not select. CRASH is one of the risky things about bitcoin and that is just the nature of bitcoin.
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Activity: 224
Merit: 11
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February 13, 2024, 02:47:37 PM
Village is the heart of the region where farmers cultivate crops on fertile soil. Generally farmers know little about earth technology I think it is. Yet some brave farmers overcome all the hurdles by investing in crypto currencies like Bitcoin with the bold decision to invest their hard earned money in the future. Markets rise and fall as the seasons change and their savings at one time will surely enrich future generations.
member
Activity: 143
Merit: 10
July 25, 2023, 12:47:52 PM
Since your relatives are farmers, it might help to introduce them to BTC through its own metaphor of farming. Just as you own farming machines that thresh / plow the fields, someone interested in accumulating BTC would own a mining farm where they employ mining machines to harvest Bitcoin. If it's somewhat out of reach, there are services like https://digimint.finance that provide fractional ownership of BTC mining farms.
copper member
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July 25, 2023, 03:45:37 AM
As a farmer, one must understand the risks before investing in bitcoin it has both positive and negative aspects. If you invest without knowing well about bitcoin, you will lose money. One of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. Bitcoin should be considered an uncertain investment and its value can go up and down. Also, there are risks of bitcoin hacking and crashes and should be fully clear before investing. That's why you have to take the right decision by gaining knowledge about the market.

It doesn't matter if they are farmers or office workers or anyone but once we introduce bitcoin to them we should provide full pros and cons of investing in bitcoin. Don't just try to emphasize huge returns and ignore the risks of bitcoin because there is no investment without risk, the higher the return the higher the risk.

I hope OP knows what he's doing because giving investment advice to others is really not easy because if an investment loses, they will most likely blame the OP.
sr. member
Activity: 756
Merit: 454
July 25, 2023, 03:23:24 AM
I am trying to insult anyone just being rational by assuming the farmers OP is talking about may not have any idea about investing, volatility, potential, etc they tend to agree for this because someone in the community succeeded with this strategy so they are going for it but I am saying that at least they should be informed about the risks involved so it won't be a disaster to face if the results are not as expected.

Your opinion isn't suppose to be seen as an insult but from all you said is true because the other farmers are only concern about the profit that comes out from it but they're not really educated, like given full details about how Bitcoin really works.
I feel all they're interested in is getting the profits just like their colleague not minding the time and patience he invested before yielding profit.
hero member
Activity: 2366
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Bitcoin = Financial freedom
July 25, 2023, 01:49:03 AM
I hope every former is investing their money after understanding the risks as well cause bitcoin prices are highly volatile so there will be unexpected price fluctuations so they should be should be prepared for potential losses or sudden declines in the value of their Bitcoin holdings.

Also, it is important to teach them there is nothing guaranteed when it comes to investments so their risk appetite is enough if they face loss or it will be a burden for them so anyone who is organizing this co operative investment plan should be aware of this not just blatantly invest on bitcoin because someone made money earlier.

There are risks in almost any investment. These farmers could have also lost money investing in Meta and Netflix stock. It is important to try and diversify your portfolio in order to hedge against volatility. Bitcoin is an investment with a promising future. $100k in 2025 is not unrealistic, but our investment strategy shouldn't just be based on what we wish to happen. We must be prepared for all possibilities and make responsible financial decisions.

I am trying to insult anyone just being rational by assuming the farmers OP is talking about may not have any idea about investing, volatility, potential, etc they tend to agree for this because someone in the community succeeded with this strategy so they are going for it but I am saying that at least they should be informed about the risks involved so it won't be a disaster to face if the results are not as expected.
sr. member
Activity: 714
Merit: 347
July 25, 2023, 01:29:26 AM
Some farmers find it challenging to comprehend bitcoin. Knowing about bitcoin is advantageous for farmers because doing so will enhance your farmland or your agricultural output. One thing I don't understand, though, is whether farmers who are interested in investing in bitcoin also grasped the risks in the same manner as your uncle did. Although a farmer can do whatever it takes to become successful in the future, it would be best if you and your uncle gave them more information about bitcoin before they invested so that you and your uncle won't be held responsible if something goes wrong. Investing in bitcoin is not difficult, but the challenge lies in having the mentality to accept whatever results from it, whether good or bad, because that is the both part of bitcoin.

I didn't mean to imply that your farmer colleagues couldn't invest in bitcoin, but rather that you should be aware that people are notoriously difficult to understand. They may initially be interested, but if something goes wrong, they may decide not to do so again and may even start blaming your uncle for having introduced them to it. Therefore, in my opinion, you two should have a very good understanding and agreements to ensure that nothing will interfere with your relationships.
sr. member
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July 24, 2023, 11:23:01 PM
As a farmer, one must understand the risks before investing in bitcoin it has both positive and negative aspects. If you invest without knowing well about bitcoin, you will lose money. One of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. Bitcoin should be considered an uncertain investment and its value can go up and down. Also, there are risks of bitcoin hacking and crashes and should be fully clear before investing. That's why you have to take the right decision by gaining knowledge about the market.
sr. member
Activity: 1680
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Top Crypto Casino
July 24, 2023, 11:05:30 PM
I hope every former is investing their money after understanding the risks as well cause bitcoin prices are highly volatile so there will be unexpected price fluctuations so they should be should be prepared for potential losses or sudden declines in the value of their Bitcoin holdings.

Also, it is important to teach them there is nothing guaranteed when it comes to investments so their risk appetite is enough if they face loss or it will be a burden for them so anyone who is organizing this co operative investment plan should be aware of this not just blatantly invest on bitcoin because someone made money earlier.

There are risks in almost any investment. These farmers could have also lost money investing in Meta and Netflix stock. It is important to try and diversify your portfolio in order to hedge against volatility. Bitcoin is an investment with a promising future. $100k in 2025 is not unrealistic, but our investment strategy shouldn't just be based on what we wish to happen. We must be prepared for all possibilities and make responsible financial decisions.
legendary
Activity: 2716
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July 24, 2023, 06:57:21 PM
#99
Although that's most likely the situation that many of them probably haven't heard of what Bitcoin is and whether it is an investment or something they'll benefit in the future. I'm giving that idea that there could be a very few of them that's aware of its existence since I'm also going into places like remote areas and farms and there's connectivity to those areas that I've been. But you are right about that it's unlikely that many of them will dive into this investment especially if that's all that they've got during the harvest time.
Traditional farmers are still sticking to the traditional economic axis and are still not interested in investments such as Bitcoin or some crypto projects that are specifically for farmers.
We as active crypto users are certainly aware of this, it is not easy for them to accept new investments because there is no guarantee, and high risks that will arise.

But if you look at modern farmers who already understand the latest technology and how to manage their finances, they might be interested.
This can be done gradually following how crypto develops in each country, because of the constraints of regulations that will be different.

-snip-
Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.
This is a problem that holds everything back, but if there is no clear understanding of how the risk occurs.
Then they will only assume that the risk is very large and there is no profit to be gained.

Behind the risk, of course, there are advantages that can make the farmer's investment grow.
It is necessary to do some research so that crypto investment is suitable for farmers or other business people.
hero member
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July 24, 2023, 04:42:34 PM
#98

Everyone who invests in bitcoin is greedy because they want to get rich quickly with small capital, including me. We don't have too much money to invest in real estate or gold...This is a fact that very few people dare to admit, and they always say that they prefer bitcoin to any other asset class by their own reasons.
No, it's not everybody who invests in Bitcoin does it out of greed since they didn't invest the amount they can't afford to lose. There's a difference between seizing the opportunity crypto presented instead of going against it as some naive people do.

As a human, everyone has greed and when investing, no one wants to lose money.
Yes, but we can't say no one wants to lose money because every person that invested in the crypto market without adequate literally wants to make a loss because the fast way to make a loss in every setting is not knowing the rules of the game and how to go about it. Therefore, there are still some people who want to make a loss.

Many people say they are investing with money they could lose, including you and me. But are you afraid of losing that investment? Definitely yes and you always want to get more out of it. Bitcoin is riskier than many other investments but because its return is very high and all want to risk to get big return to become rich. Isn't that greed?
Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.

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