Farmer's Bitcoin Investment - page 5.

eaLiTy

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

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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 is good to see that people are sourcing these information and making positive investments, hopefully everyone is aware of the risk and the proposed tax that would be payable depending on the country of origin with your investment and $100k is the predicted valuation after the next halving if everything goes well including the global financial market, one thing is certain that you will not end up in a loss if your entry level is good even if it does not touch the expected valuation.

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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.

Well, this is a good idea which is to engage with other field of investment. But what makes this wrong is the impression that "Bitcoin can earn money". Indeed it is a profitable asset to have but always be mindful of the risk. We all do have positive assumptions on its market value but those are just mere speculations. No one knows what could happen in the future and no one will, unless it happen on the actual. Based on this story, there could be people to go all out with their savings which should not be tolerated. Larger investment yields to bigger profit but will also expose you to higher risk; keep this in mind.

Merit.s

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It is quite interesting and a superb move for the farmers cooperative in your area to adopt bitcoin as a means of investment. You people should also see bitcoin as a store of value where you can invest most of your profits from your farms. I am happy that you farmers have someone to guide you through your investment. Don't forget that bitcoin is a very risky investment due to its volatile nature. A long term investment is the right way to invest in bitcoin so that you wouldn't worry about the price fluctuation. I hope that you people are also using the right wallet which is a noncustodial wallet to keep your bitcoin.

so98nn

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Sounds like Bitcoin is friendly to everyone and it is how Mr Satoshi might have imagined in the first place. You know all that comes down to one thing and that decentralization of the currency. This is how it is supposed to be and there should be no boundaries to who uses the Bitcoin and how they use it in the first place.

Just look at the small incident and the advice that changed your uncle's life. He even became the center point of motivation for all his other farmer friends and they also followed the Bitcoin investment. Obviously they should also be taught about the pros and cons of the Bitcoin and how much volatile is the Bitcoin investment. Since they have already got the sweet spot, they might have seen those ups and downs already. Lets rejoice the Bitcoiner like your farmer uncle and hope it grows further.

ZAINmalik75

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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 am glad that your uncle made that much profit out of BTC investment that he was able to buy his own land because life is not same for everyone. I said it because i have seen so many TA and FA expert who know the market ups and down but still some of them are unable to make the same profit. But your uncle as a farmer was smart one because he learnt the basic content First but i have also seen many newbies directly investing in BTC.

Without getting any knowledge, but your uncle was smart. I am happy for you too because you guys have made a progressive group who really knows when to adopt something even if you guys are looking at the profits. But still your interest toward BTC will increase its demand. So i must say this is the streamlining of BTC adoption. I hope BTC would reach that target because i am also waiting for it. But still, market is so unpredictable, that's why my suggestion is do not rely only on BTC and always invest with that money which on loss will not impact your daily life.

Die_empty

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Quote from: Helena Yu on July 19, 2023, 06:02:23 AM

Farmer is one of a job where there are many greedy people, Bitcoin is the way to make all the farmers become a cooperative society is high unlikely. Every person want to be success, but almost everyone can't accept other people can be success than them especially they're live in a same city, village, or job. What I know each farmer tend to destroy someone's garden or steal the fruits.

Farmers in my country are the most selfless people. Some of them are into agriculture because of their desire to feed the people not always for profit making. They sacrifice to stay in rural areas where there is lack of basic amenities because of farming. @Helena Yu, you are speaking based on your experience in your country but that might not be the case in other countries. I have so much respect for farmers because without them, we will all be hungry.

Quote from: kryptqnick on July 19, 2023, 06:04:19 AM

It's a lovely story, op. It's great to hear that not only some rich guys from Wall Street put their money into Bitcoin to get even richer, but people who do important and often underappreciated work for society, the farmers, put some money into Bitcoin, profit from it and inspire others to try to do the same thing. It's important to understand the risks of investing in Bitcoin, but its long-term growth does seem consistent (even though that can stop at any moment in time). If it's savings that a person can survive without, taking a risk and investing in Bitcoin might pay off and be a reasonable choice.

The story also inspired me. These farmers decided to put their resources together to invest in Bitcoin. This is quite encouraging because they will benefit from bitcoin if the price goes up. As much as they are aware of the risk and are investing what they can afford then it's a good initiative. I hope everyone will get an equitable profit share when the investment becomes profitable.

xSkylarx

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I do really hope that they know the risk of it because the way you tell the story is that they are only looking into it as a positive outcome and don't know if there are risks to it. I just remember before that it is not the same with Bitcoin, but there are people who created a cooperative to invest in an altcoin, but the price goes down because they only think that the price will go up. I do really hope that the price of bitcoin will hit that $100k mark in 2025 that you've mentioned so that those farmers will be happy and that it will be the fruits of their hard work on their farms.

Ucy

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It's really nice how he used his Bitcoin profit to buy land probably to expand his farm. This is how we want people who make money from Bitcoin to use the money... by investing in things that benefit society, or expand/multiply to produce more for the benefit of society.
I hope in the future he will also consider earning bitcoins from the produce of the farm he bought with his Bitcoin profit by selling them to fellow bitcoiners around there. And they can also sell to him their own products for bitcoins.

I like the idea of forming a cooperative society for Bitcoin investment as long as the members are able to control their keys and are guided to grow their funds themselves by a good fund manager. Or use two multisig addresses controlled by multiple people or members of the cooperative society ...one address for Bitcoin and the other for stablecoin for exchanging funds between them.
It's important the members know and follow the important ideals of Bitcoin in order to remain on the safe side while investing/using Bitcoin.

rat03gopoh

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Quote from: kotajikikox on July 19, 2023, 04:07:13 AM

Hoping that this is not another kind of thread just to earn merit , making story here and there about their support in bitcoin to earn merit .
because the last thread you created admitted that you have just started farming from others land and now you claimed to be a Farmer and working all day when you also claim to be student.

It's still relevant, OP has just started his journey to become a farmer like his uncle who is also successful with bitcoin. What I doubt now is whether the farmers in the community really understand the risks of investing in bitcoin or only see the realistic side of someone's success that inspires them to do the same thing.

Quote from: Helena Yu on July 19, 2023, 06:02:23 AM

What I know each farmer tend to destroy someone's garden or steal the fruits.

If you want to know more, broaden your point of view.

Dimitri94

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Bitcoin is now well-known almost everywhere in the world. Where people from the 1st class to the lower class of a country have slowly gather an idea about Bitcoin. We can see the interest of farmers in investing in Bitcoin as proof that Bitcoin has created a stir everywhere in recent times. Within the next 10 years, Bitcoin will be widely used in the world. Governments will be forced to legalize Bitcoin as that will be universally accepted. The way Bitcoin is expanding its scope at the moment is truly beyond my expectation.

Razmirraz

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The decision to invest money in bitcoin is based on knowledge that might occur, Bitcoin investment has been made by many people from various walks of life and various professions. Public trust in the potential that bitcoin generates is growing, education is needed to expand public awareness of bitcoin.
The process of investing in Bitcoin is not as easy as imagined, there are times when the value of assets decreases and if you are lucky you can get big returns overnight. It takes a strong mentality and patience in long-term investing, never be afraid when the price is going down, just let the asset be stored in the wallet until the price is at its highest peak.

Blitzboy

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Your tale has left me both smiling and in amazement. Time and patience are of the essence in the world of investing, and you have both in spades as a farmer.

In order to maximize Bitcoin's potential benefits for the farming community as a whole, the cooperative society you suggested makes a lot of sense. It's a fresh and exciting strategy! Keep in mind that despite the fact that Bitcoin could generate large returns, a risk management strategy is still essential.

By 2025, might Bitcoin be worth $100,000? Maybe. If this happens, congratulations; it will be a huge advantage for your community, allowing you to put more money into agricultural research and development. However, you should always take such forecasts critically and protect your money.

tread93

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I think it's great that an actual farmer is investing and educating other farmers in bitcoin. It's a whole new take on bitcoin farming (mining) OP. What were some of his challenges I wonder, is he in a rural area? How did he go about educating these other farmers on the subject? Has he ever considered planting a mining operation on his form with his new knowledge of BTC?

Nrcewker

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I am really amazed to see different farmers showing interest in these crypto investments. Definitely, this is due to the profit that bitcoin has given to its investors in the past few years. But as you have mentioned, in all types of investments, there is a risk of both profit and loss; hence, if you invest all of your savings in bitcoins, it won’t guarantee that it will give only profit. I am not saying that investing in bitcoin is a bad idea, but you should always invest the amount that you can afford to lose. And if you keep expecting huge profits from your investments, then you will definitely be disappointed when the price goes down. So always invest and aim for a little profit.

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

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

I believe bitcoin has the very potential needed to pump above $100k this coming year and which is pretty good for anyone who takes advantage of this period to invest and hodl the coin, just as the agricultural farming practice makes profitable increase over time in due season, so we also have bitcoin which could be more profitable than farming and is well secured with lesser risk and demands found with agricultural farming practice, when you invest in bitcoin, you have a future of financial freedom and could earn more than what farming could give, lastly, having a combination of the two is a good decision to ever make for an investment.

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Quote from: Helena Yu on July 19, 2023, 06:02:23 AM

Farmer is one of a job where there are many greedy people, Bitcoin is the way to make all the farmers become a cooperative society is high unlikely. Every person want to be success, but almost everyone can't accept other people can be success than them especially they're live in a same city, village, or job. What I know each farmer tend to destroy someone's garden or steal the fruits.

I consider this an unfair and somewhat disdainful comment for the farmer. I live in a village, and most of us are farmers, and I have never seen anything like you mentioned. What you are saying comes from human selfishness and envy, and it appears everywhere, in every area of this world. Even in this forum, the same things you are saying are happening, people for money, despite badmouthing each other, are ready to bring others down to fight for their position...In my eyes, farmers are more honest people than any other field.

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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.

Bitcoin is known to it's price volatility.its value can fluctuate significantly for short period of time,which can result to it substance gains or loses.farmers,like any other investors should be prepared for this volatility and assess their risk tolerance before investing.
Farmers should diversify their investment profiolio to reduce risk.relying solely on Bitcoin or any single investment is risky.its advisable for a farmer to consider a well rounded investment strategies that includes various assets classes such as stock, bonds, commodities ,or real estate to spread out their risky.
Farmers should be informed of the potential risk associates with storing and securing Bitcoin, using good cryptocurrency exchange and digital wallet with strong security features to enable them protect their investment.
Farmers should stay updated on the legal regulatory aspect of Bitcoin investment in the various country or region.

Popkon6

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Investing in Bitcoin is a wise decision because those who once set their sights on Bitcoin want to stay in Bitcoin forever. @OP You must be convinced that the price of Bitcoin in 2025 will double from 2021 if you invest in the present. So invest enough amount in Bitcoin according to our decision. Because if you want to invest for a long time, you can definitely get benefits and the risk will be least.
Everyone should learn from your decisions because there are definitely benefits to investing in Bitcoin. Because it is better to invest in Bitcoin than to accumulate money for a long time because from here you will get double benefit.

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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.

Not all the farmers have the capability to work in at the same time have an investment with the bitcoin, in my country most of the farmer at not the same way as you have which is seems really opposite and its so grateful you have an extra money to invest with hoping the same way here in my country well by the way, this could be a good news people now are slowly adopting, and getting introduced with the bitcoin and they know now the way to earn on it I guess the things you need now is to make yourself more knowledgeable with the bitcoin and what could happen and updates with it again not all the time the bitcoin gives a huge amount of profit its good that they come with the ATH of the bitcoin that time this is reason why you must need to keep aware with the current status of the bitcoin. We know how does the money is a must currently in this inflation.

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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.

That will be good if your uncle really understand the good side and bad side introduce to him since if he can really have huge patience to wait for something great to happen especially with its potential price rise that may came in future then maybe he will be lucky if he have some bitcoins holdings.

But also try to introduce more the riskier side so that he would know that downward movement is really possible so that there will be no bad events that might happen and he will be calm when a storm comes in the market.

Topic: Farmer's Bitcoin Investment - page 5. (Read 838 times)