Farmer's Bitcoin Investment | Bitcointalksearch.org

Tipeform$

member

Activity: 168

Merit: 15

#SWGT PRE-SALE IS LIVE

Quote from: Assiduous on July 19, 2023, 02:49:58 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.

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.

Assface16678

full member

Activity: 1358

Merit: 134

★Bitvest.io★ Play Plinko or Invest!

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.

JollyGood

legendary

Activity: 2534

Merit: 1713

Top Crypto Casino

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.

Quote from: cryptodude on February 13, 2024, 03:47:37 PM

~snip~

RockBell

sr. member

Activity: 714

Merit: 358

Underestimate- nothing

Quote from: Negotiation on July 25, 2023, 12:23:01 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.

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.

cryptodude

member

Activity: 224

Merit: 11

Tontogether | Save Smart & Win Big

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.

risingtide

member

Activity: 143

Merit: 10

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.

BALIK

copper member

Activity: 2044

Merit: 591

🍓 BALIK Never DM First

Quote from: Negotiation on July 25, 2023, 12:23:01 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.

Sexylizzy2813

sr. member

Activity: 560

Merit: 418

Quote from: Findingnemo on July 25, 2023, 02:49:03 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.

Findingnemo

hero member

Activity: 2310

Merit: 757

Bitcoin = Financial freedom

Quote from: FinneysTrueVision on July 25, 2023, 12:05:30 AM

Quote from: Findingnemo on July 19, 2023, 03:08:33 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.

HajiBagi

sr. member

Activity: 504

Merit: 302

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.

Negotiation

sr. member

Activity: 1036

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

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.

FinneysTrueVision

sr. member

Activity: 1624

Merit: 336

Top Crypto Casino

Quote from: Findingnemo on July 19, 2023, 03:08:33 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.

taufik123

legendary

Activity: 2520

Merit: 1721

MrStork Exchange Service

Quote from: tabas on July 24, 2023, 01:24:58 PM

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.

Quote from: suzanne5223 on July 24, 2023, 05:42:34 PM

-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.

suzanne5223

hero member

Activity: 2590

Merit: 650

Want top-notch marketing for your project, Hire me

Quote from: Wend on July 23, 2023, 07:13:54 PM

Quote from: suzanne5223 on July 23, 2023, 03:27:30 PM

Quote from: Wend on July 22, 2023, 07:47:14 PM

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.

Quote from: Wend on July 23, 2023, 07:13:54 PM

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.

_BlackStar

legendary

Activity: 1064

Merit: 1228

I don't know how likely it is that your story on this topic isn't far-fetched - but I can put that aside and get to the positives only.

Everyone can invest in bitcoin if they have learned what bitcoins are. It is clear that bitcoin can enable investors to earn long-term returns regardless of your educational or work background. But I really find it hard to believe that most of the crop is invested in bitcoin while you need to eat and budget for other needs. Bitcoin investment comes with risks - you shouldn't ignore them so in the end you should only invest what you can afford to lose.

uneng

hero member

Activity: 2030

Merit: 777

Leading Crypto Sports Betting & Casino Platform

Quote from: ChiBitCTy on July 23, 2023, 07:27:07 PM

Thanks for sharing your story, this is very interesting. I am curious why you formed a “co-op” with your small society of farmers (and perhaps your teacher as well) instead of just investing on your own? I’m just curious as I’m not sure it’s really needed is it?

I would just make sure you’ve asked yourself what are the advantages and disadvantages of forming such a “co-op”.

I don't know if that is his case, but usually in rural areas the local community compose associations which reunite for councils every week or once a month to discuss local events and parties to be organized, techniques and workshops to teach association's members new skills and expose them to new technologies which are reaching their areas just now.

So with or without Bitcoin these "co-ops" already exist. Maybe what they did was to introduce Bitcoin to their partnerships as an extra element or bonus... Depending the association, people also contribute with a monthly fee, so they could use part of this fee to invest in BTC.

tabas

hero member

Activity: 2954

Merit: 725

Top Crypto Casino

Quote from: taufik123 on July 23, 2023, 11:28:51 AM

Quote from: tabas on July 23, 2023, 10:09:45 AM

Seems like a good story if it's real. But let's say that this story is for real and these farmers and teacher helped them to form to a cooperative and the one main goal is to invest into Bitcoin. That's a crazy idea honestly and I'd say that these farmers could do it on their own and even if they don't know that thing, forming a cooperative to invest into a highly volatile asset shouldn't be a main goal for forming it. We know that farmers aren't really compensated well and some of them are probably just renting those equipment and land and that's why, the tip that we used to say about investing only what they can afford to lose should always be remembered and told.

And the fact is that farmers in the field do not know anything about crypto and Bitcoin and how risky it is.
This is a very sensitive sector and is related to the main income of farmers.
We may be able to explain what the purpose of bitcoin or crypto investment is, but of course, they will not accept the risks that will be caused.

Only farmers who understand and understand crypto technology are able to implement it, but for most small farmers it is just an investment that can be detrimental.
There are even many crypto projects that want to enter the agricultural sector, but eventually have to stop due to lack of interest from farmers.
Crypto is a fairly risky investment, so anyone who wants to enter must know what the risks are and how to get profits.

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.

Agbe

hero member

Activity: 854

Merit: 1246

Quote from: xSkylarx on July 24, 2023, 12:46:37 PM

He must be tired for sure because farming is not easy and he wanted a life with passive income, which for sure he is planning to migrate to other businesses, but it is really true that farming is really important, but we do have our own dreams like quitting our job now and having a business, but the point really of the OP is investing in Bitcoin because they want profit, which is passive and can add up to their capital, but the problem is that they are more focused on profit and not thinking about the risk.

If that is the case, he has to use the modern way of farming or he can still use manual labour ( that is take labourers) to farm for him and while he focus on each new business in bitcoin. Mine is, I don't want him to quit farming because if he quit farming because of bitcoin, he will still buy farm products from the money made from bitcoin so instead he should do the two at once. He can engage himself with bitcoin while his labourers work in the farm for him. How do you see that?

xSkylarx

hero member

Activity: 2352

Merit: 593

Quote from: Agbe on July 24, 2023, 12:35:00 PM

Quote from: Assiduous on July 19, 2023, 02:49:58 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.

I will like when bitcoin is narrow down to farming, that is using the profit making from the farm products to invest on bitcoin and use the capital to continue the farming. I will not advise you to quit farming because farming is one of the important department in the society and human life so don't give up and focus on bitcoin. With farming you can save live. Op you and your family do well. Continue the investment of the both assets

He must be tired for sure because farming is not easy and he wanted a life with passive income, which for sure he is planning to migrate to other businesses, but it is really true that farming is really important, but we do have our own dreams like quitting our job now and having a business, but the point really of the OP is investing in Bitcoin because they want profit, which is passive and can add up to their capital, but the problem is that they are more focused on profit and not thinking about the risk.

Agbe

hero member

Activity: 854

Merit: 1246

Quote from: Assiduous on July 19, 2023, 02:49:58 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.

I will like when bitcoin is narrow down to farming, that is using the profit making from the farm products to invest on bitcoin and use the capital to continue the farming. I will not advise you to quit farming because farming is one of the important department in the society and human life so don't give up and focus on bitcoin. With farming you can save live. Op you and your family do well. Continue the investment of the both assets

Topic: Farmer's Bitcoin Investment (Read 676 times)