Topic: I returned my father's property to my father through Bitcoin investment. - page 3. (Read 390 times)

Hmm! Your sister is getting married so how then is the marriage rights your dad responsibility? If he can sell his assets just to sponsor their marriage wedding, how about the financial needs when she gets to her husbands house, is he also going to cater for she and her husband including their kids?
I do not know how convince able this can be actually.

Let us just assume it is a true story and congratulations that you made it profitably on your investment in the Bitcoin market. But I must tell you, that your friend gave you a good advice that you should invest on Bitcoin, yeah but he failed to consider your family would no more have alternative source of income to earn living and for that, you would be tempted to sell it off just for the sake of essential needs such as medical, consumable and your educational aids.
He failed to consider the risk involved with the volatility potentials of Bitcoin which is not a get quick rich investment platform.
He failed to understand that investing your funds in Bitcoin is periodically advisable to invest with what is affordable to loose. Right here it is obvious that you could not afford to loose a whole $2,000 if anything gambling may had happened with your investment.
How about if the date of the wedding has come and the Bitcoin market price went Dipper than the $30,000 during then you invested the fund?

Anyways, you may have been lucky to be successful with the numerous risks involved here, I just hope you take note of it so that you don't advice others to take such step otherwise you would be a mislead somedays.
I also hope you are furthering to your investment? Good luck and stay positive for Bitcoin has come to rescue the poor and also add more increments portfolios to others who are alternating their source of income with it

I don't know whether this story is true, but it sounds like a nice case of how Bitcoin can be of meaningful help to families, and how even a 2x increase of the price can make a big difference. I like that it's a practical use case where an investment is made with a specific goal in mind, and there's a clear sell target. It's very common in this community to just hodl indefinitely, without a good understanding of what and when to use that money for. They can argue that at some point you won't need to sell your BTC, and that's the point they're waiting for, but this kind of practical and meaningful investment that the op described makes sense to me, too.

You almost made me spit out my drink, great humor. The forum will be the river or lake in this scenario and fishes the merits.

There is a high drive from newbies to make so many threads now which leads to ones like this or one liners asking a question and never coming back for the answer. And it is so easy for it to not count as spam or off-topic, just throw bitcoin in there.

No one should be selling property for a wedding event or investing proceeds from sold properties into a risky asset with a timeline for when you need profit.

- Jay -

I don't know if this story of yours is true or fictional. We have read and heard such stories many times before. Anyway this story of yours will really make many people interested in investing in Bitcoin. If you could show us some evidence (in the form of pictures) of your success, we might be more inclined to believe it.

If indeed you bought $2000 worth of Bitcoins at the time you mentioned then you might have been able to make a huge profit from the investment when the Bitcoin price touched the new ATH. We saw Bitcoin price drop a lot in September 2023, if I'm not mistaken Bitcoin price may have dropped to $25000. You bought Bitcoin then which was a coincidence. Being able to return your father's property through your investment profits is a good sign for you and something you should be proud of.

The story sounds interesting but not very believable and as some have said, you need evidence to back up your story. According to you, your father is very miserable and 2k$ is his last capital, I don't think he has enough courage to hand it over to you and allow you to invest in bitcoin, an asset he don't know.

Not to mention, you're just a student and you still have to depend on your dad and you can't even work to help your parents. Do you think there would be a father brave enough to give the last of the family's money to a child who has never known how to make money to invest in a volatile asset like bitcoin? Honestly, if you don't show any evidence, no one will believe your story.

It made me laugh. It is not surprising that the OP, now having two ponds, tries to go fishing everywhere. In this case, his story is the most common fishing of merit.
OP, do you consider yourself to be one of the people who know Bitcoin well? Why, then, do we see a lot of posts on gambling, but on the topic of Bitcoin, you are not eloquent, except to dissuade everyone from investing? However, your story shows that you bravely invested a considerable amount as a beginner. Can we trust you?

I was also wondering what those ponds are, maybe they grow salmon or seabass in a fishing farm dik. Most off them when they talk to each other they just use the term "ponds" but usually it's just a small hole for regular people. What they mean actually is a fish farm as huge has a hectare which his father developed his entire life making a living with it.

Good to see BTC helped him.

The moment I read the part where he said he invested the $2,000 dollars into bitcoin with his father’s permission I knew he was all BS. We have seen this type of post before and this won’t be the last time someone else is going to come up with a similar post (it might have a different business in it, but it’s still the same pattern).

Let’s see if he’ll actually be able to provide something that proves that he did what he claimed to have done in the post -  I guess providing that would give him the merits that he’s trying to fish with this thread of his.

You should be grateful that you can make big profits in a short time. This is all supported by the market conditions that occur, so when you buy Bitcoin, you buy it at a low price. After waiting a while, you can sell it for $70k, and that's a pretty good profit.

But we can't expect things like that to happen continuously because we must understand that the market is always changing. For now, market conditions are still experiencing frequent corrections, so those who have bought Bitcoin need to hold it. They must be patient and continue to hold Bitcoin while waiting for market conditions to recover.

Bitcoin can really help people make a profit and you are one of the many people who have managed to get that profit. Congratulations to you and I hope you can get other benefits. Try to continue your regular investments while waiting for market conditions to improve.

Can you explain to the rest of us, what a pond is in your country? Do you farm Gold fish in a pond and your father own two fish ponds?

I am happy to listen to stories, where Bitcoin made a significant positive impact in people's lives, there are many instances where people lost money on their Bitcoin investments.  

Another story without any proof, I could say that I bought 100 Bitcoin when the price was $100 per coin and now I sell it for $60,000. Wow I'm a millionaire, while the reality I'm still far to reach one million.

2 weeks ago, he said we shouldn't invest Bitcoin to get rich overnight and always have a long term plan. But now he's saying Bitcoin can change someone life overnight. Should we say @OP has a two personality disorder or what?

You have succeeded in investing in Bitcoin in a very short period of time, you must have had good luck due to which you got success very quickly. In September 2023, the price of Bitcoin was massively down. Those who bought Bitcoin then have profited massively from Bitcoin in the current period. However, it is not possible to become a millionaire overnight in Bitcoin investment, but hearing the success story of your successful Bitcoin investment will make many people more interested in Bitcoin. But I like your story very much because in a family where there is no elder son, the father is really facing a lot of problems. It must be very happy for you to help your father as much as you can while marrying off his daughter. If we can invest patiently with a long-term plan in Bitcoin investment, we will surely get success through that investment.

Using the word overnight is not correct. Bitcoin is not an investment that will make you rich overnight. You were just lucky to invest when the price was down and the time you sold was when the price increased. It is better to have a long-term plan when buying Bitcoin since you cannot forecast accurately how the market will react at a given time. Newbies should do their research before investing and the DCA buying pattern is highly recommendable.     

Your tradition is very different from ours. In my country, it is the husband-to-be family that spends for the marriage, You have to buy all the materials and the bride's price, and the bride's parents will not spend a penny. I also read recently that a bride can be intimidated or even attacked if her family doesn't pay a reasonable amount.   

It's good that it worked out for you, but I agree with @BlackBoss_ here. Examples like these shouldn't encourage every newbie investor to take the same steps, selling a property or taking money from their parents and investing it in cryptocurrencies because the stories can't always be the same and the results can differ for different individuals based on multiple factors but mainly the price at which the assets were bought and to where the market heads after that. Your story would be different if Bitcoin had dipped instead of going up after your purchase.

This is the reason why it is not recommended for anyone to invest money that isn't free of other obligations and isn't supposed to be used for anything else, which means that you shouldn't borrow money, take someone else's money, or sell some property to invest the money in Bitcoin or cryptocurrencies thinking that it will generate profit and you will return the funds because even if it does, there is no guaranteed timeframe for that to happen.

So, newbies need to be vigilant when making investments in cryptocurrencies.

Can you give us some proofs of your accomplishments? Because this is something incredible if this is a real thing. You can use Talkimg.com to upload screenshots to paste in your post, other members would copy it to help you show it since you're a newbie. Hopefully that you didn't get all of your bitcoin out of your wallet to help your father, you might need to leave some in case the price goes up again, it's probably in your best interest that you do that and keep investing in bitcoin, it's a really good thing that you got involved in bitcoin when you're still a student, that way, you've got a foundation in investing knowledge and financial freedom.

Your story can be true or can be fiction but I assume it's true, it is still not recommendable to repeat by others.

When you have pressure to get money, and you know that you will need to have that money in future, like next 6 months, next 12 months, you actually have pressure. This is not good for you to use your money and make any decision for investment or trading.

What will be your story, if you use $2000 on behalf of your father, to invest in Bitcoin in September 2023 and now Bitcoin is not about $60,000 but is around $15,000?

Your story can be a coincidence with the market time that changes from bear to bull but if you have similar story in 2021 or 2022, your story ending one year after your entry can be different, loss not profit.

My father had two ponds basically my father had to tender these two ponds to marry my elder sister. About four thousand dollars are available by tendering these two ponds. However, my father is mainly involved in agricultural work and when he keeps two tenders in this pond, he suffers a lot. I used to think in my heart that I wish I could help my father but unfortunately I was a student and I didn't have the means to help my father at that time. 

A friend of mine was involved in bitcoin and he knew enough about my family to tell me friend if you invest in bitcoin you can help your father. Sister's wedding cost father about 2000 thousand dollars and I invested the remaining two thousand dollars with my father's permission in September 2023. But really my luck is very good I bought bitcoin when it was 30K. Then when the bitcoin market reaches 70K I sell the bitcoins. But today I am so happy that I can give back the two ponds from which we earn our living to my father only for bitcoins.  Bitcoin really changes people's fortunes it happened with my life. 

Definitely for Bitcoin newbies investing in Bitcoin at the right time can definitely change your fortune overnight.