Topic: Farmer's Bitcoin Investment - page 6. (Read 841 times)

Then it must be clear in detail from the bitcoin journey to be profitable, not only the benefits and risks, they also have to know how the market moves, how about positive and negative news sessions of course this can still be influenced by the bitcoin price so to spread this needs a basic explanation IMO.

What about people who like to panic? Often see the price at any time also determine their thinking is easy to panic and easily sell at a loss.
Again investing is a long-term goal, buy then HOLD it the best way profitable without thinking about anything.

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.

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.

This is a great success story and it's great to hear that the investment was not entrusted or centralized, rather a community/cooperative effort to follow the same idea.

It does make me wonder though, was there any scrutiny or deterioration of faith after entering from 2021 throughout the decline of 2022? I could definitely see the "founding farmers" () getting some form of criticism at that point, or there being conflict/doubt within the circle...unless HODL was somehow commonly shared among 100℅ of the group. Either way, good luck in the future and I hope that Bitcoin continues to impress for you, the group and everyone else

Success is a good evidence that gives you value in the society, and will make other people to listen to you because you have results. Without results, it is difficult to get the attention of people to the extent that they want to do what you are doing. During the time that your uncle the farmer heard about bitcoins, there were some other farmers too that had the same opportunity of hearing it, but they never acted on what they heard and missed out on making profit like your uncle. You are fortunate to have an uncle and know someone closely that bitcoin has improved their life. You will be more motivated to keep your bitcoins when you buy them.

It was a beautiful experience. Your uncle are also very lucky because they bought when the bitcoin price was low (2019) and sold it when the bitcoin price was high (2021). Of course everyone who hears your story will be happy and want to follow your uncle to invest in bitcoin

I wish the farmer's cooperative success with its investment in bitcoin. Yes, all of us in this forum hope that bitcoin will reach $100,000. Although we don't know when that price will occur but we are very confident that bitcoin will pass that price. All we need to do is hold bitcoin and wait

I'm happy to hear your story. Hopefully this is a true story, because some stories are just a lie

Your uncle must be an educated farmer then, most farmers in my country are illiterates, all they know is how to plant some seed and make a living through agriculture, but technology is never their thing, some of them can't even operate a smartphone, so yea I am impressed that you have a uncle, probable an old man who invest in Bitcoin and make some money out of the investment to buy land.

There is a risk and he understood it, that's why he made it this far, will other farmers be like him even when they witnessed what he did using Bitcoin? The answer is no, because many will not be able to accept the risk.

Your story is impressive but a bit far from the truth, still I wish your uncle and other farmers in the cooperative society all the best.

If they already know about bitcoin, its benefits and its risks, these farmers can invest in it. But spreading this news to neighboring communities is not a good idea as they are still unsure if they can make a profit. What if bitcoin doesn't hit $100k by 2025? OP will be blamed as a scammer. Instead of rushing to spread bitcoin to others, you should take better care of your investment until it is profitable, then you will be more confident in spreading the word about bitcoin.

It's truly inspiring to hear how your uncle's success with Bitcoin has sparked interest among farmers in your area and led to the formation of a cooperative society. While it may seem like a bold move for farmers to invest in Bitcoin, it's essential to remember that diversification of investments is a common practice to secure future financial growth.

Bitcoin's potential as an investment asset has been a subject of debate, with both success stories and cautionary tales. As with any investment, there are risks involved, and it's crucial to approach it with a balanced perspective. Bitcoin's price can be volatile, and past performance is not always indicative of future results.

Nonetheless, taking calculated risks is an inherent aspect of investment, and your proactive approach to financial growth is commendable. It's essential to educate yourselves about Bitcoin thoroughly, understand the market dynamics, and be prepared for the potential outcomes, whether positive or negative.

In your case, as farmers, your primary focus remains on agricultural development, which is commendable. Remember that investing in Bitcoin shouldn't overshadow your core activities but rather complement your long-term goals. Continue to collaborate and learn from each other's experiences, making informed decisions based on sound research and expert advice.

Wishing you all the best in your cooperative society's endeavors and may your investments, combined with your hard work in farming, bring about a prosperous future for everyone involved!

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.

and it is sounds confusing that all the farmers in your place create a cooperative just to invest in Bitcoin? still not considering that as reality though wishing you all a best result once it happened.

You were taught about Bitcoin by your teacher who gifted you a smartphone and now by your uncle who is a farmer.

I buy benefit of the doubt to believe your stories are real and don't say you are a liar or fiction story teller. Hopefully I won't read more stories about some other guys who work at other professions to teach you about Bitcoin because it will come to a point hardly to believe in your stories.

So far you tried to created 5 topics and you only have 9 posts which show that you intentionally to create topics and most of them are stories. Rather than doing so, you should read more, create less topics, and focus on learning. If you see someone needs help and you can help, help them out of their problems. It's better than creating non sense topics.

Nice move, I'm curious how to manage the assets? Since I thought it would be a huge amount of money from some farmers, I thought it would be good to use the multisig wallet method.

Anyway, I also come from a farming background but to be honest I didn't get the benefits of investing in bitcoin. Only a few difficult situations such as decreased crop income, my bitcoin income can help support my needs for the next planting season.

This is a very nice story and real form of adaption assuming this is real. Having people involved on agricultural sector to invest on Bitcoin with part of their earning will gonna help Bitcoin to reach it’s long term hoal which is mass adaption. I just that your cooperative will not be tempted to run away all your money or invest on risky trade sich as leverage trading since Bitcoin reputation will be tainted once you guys got scam even though the real culprit is the leader of your cooperatives.

All I can say is sky is the limit for the Bitcoin price since this is the first time for this kind of technology to revolutionize the financial sector of the world. Keep DCA and hold long term for the best profit. Bitcoin 13 years of existence shows us how profit Bitcoin is in long term.

The boldened part is the best part of what you wrote. If it was to be some, they will definitely abandon farming and its benefits entirely and rather go and be living life to its fullest in the urban area until they squander the money. You guys are doing well!

Truly, I have the instinct that Bitcoin could be more than $100k in the next 1.5 years, so it's a very good decision you guys are making. You can do better by propagating this news to the neighbouring communities as well, they will surely thank you later.

It's always a good idea to invest money you can afford to lose; if the money you and your co-farmers have invested is money you can afford to lose or money you won't need anytime soon, there's no problem.

Given that you intend to store Bitcoin for the long term, it is prudent to keep an open mind about the chance that the price of Bitcoin will not reach your $100k target before 2025. And if this turns out to not be one of those made up bs story then it's a really nice thing to hear, farmers entering into the crypto space and with time they'll eventually want to learn how it works in other to make use of it properly.

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.

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.