Topic: I will invest the money to buy the land in Bitcoin. - page 3. (Read 1249 times)

Yes with bitcoin earning we can buy land but if we sell land for buying bitcoin then i think its not a good idea because there is a Fluctuations in the worth of bitcoin but the price of land either remain same or increase as the time passess. We should also think about risk related to the earning mechanism as bitcoin can provide huge profit but there is also some risk with it whereas in buying land we don't have any risk issue.

Everyone will think differently but am agree with the success of bitcoin but for profit we have to wait for years after that we still have no guarantee that what will be outcomes of our investment. If there is extra part of land which is not used for the purpose of building a house then it can make a sense to sell land and buy bitcoin but if a person is on rent then selling of land does not suited well.

At the time I planned it I felt I should have planned it earlier.

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

Yes with bitcoin earning we can buy land but if we sell land for buying bitcoin then i think its not a good idea because there is a Fluctuations in the worth of bitcoin but the price of land either remain same or increase as the time passess. We should also think about risk related to the earning mechanism as bitcoin can provide huge profit but there is also some risk with it whereas in buying land we don't have any risk issue.

Everyone will think differently but am agree with the success of bitcoin but for profit we have to wait for years after that we still have no guarantee that what will be outcomes of our investment. If there is extra part of land which is not used for the purpose of building a house then it can make a sense to sell land and buy bitcoin but if a person is on rent then selling of land does not suited well.

From the profit he will earn can be enough to buy land in the future. If we are smart people, we surely think about what is the best thing we do. We can say that Bitcoin investment is profitable but that will also depend on the person who invests because many people have also suffered losses. But why do we say it was a smart choice over buying land? And it is because we thought that Bitcoin has a huge profit potential and we could use the profit to buy land. 

He probably knows what he is trying to do and already thinks about the consequences. Perhaps, it was a plan already and it was allocated to buy land but had changed and decided to invest in Bitcoin which I believe was a good idea. He can buy more properties if his investment goes well but if he just invests in land, he can't buy Bitcoin or start any investment because he has nothing already aside from the property he acquired.
But yeah, he should not put all the money he has now since he is not working already, 75% is enough while 25% is reserved (IMO).

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land.

If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

Buying Bitcoin using your savings would be a good decision you can make. Instead of saving it in the bank without any progress, invest it to earn profit. Don't let the bank make use of your money, you are only making the bank richer, it should be you who benefits from your money and not them. Accumulate Bitcoin before halving, and invest only the amount you can take risk.

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment.  

At the time I planned it I felt I should have planned it earlier.

buying bitcoin for long term investment is a good idea and the profits obtained from bitcoin you can buy land without reducing your previous money,
Land investment is indeed promising if it is in a strategic location, but if you need money you cannot sell it quickly like bitcoin, if you buy bitcoin for 11k$, at the current price in the next 1-4 years you will be able to make a profit and you can save or buy land You can even increase your Bitcoin investment from the profits you have from previous investments

It might be a good suggestion for OP and this suggestion might work for OP.  The way OP posted that he is willing to invest all the money to buy his land, he may never have planned that when he needs the money, if his investment is at a temporary loss, he will have to sell his investment at a relative loss to meet his needs. In order not to have to sell his investment at a loss, OP can save a part of his total money if he wants so that he can meet his needs with the savings money if he needs it in the future. If I had planned to invest the money from selling my land entirely in Bitcoin, I would definitely save some money instead of investing the whole money.

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place. 

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment. 

At the time I planned it I felt I should have planned it earlier.

it's a bold plan, and if it works, then it will really bring you huge profits. However, I think that you need to save some of the money you have in Fiat as an emergency fund. We don't know what will happen in the future, because as far as I know, there are many people who try to invest all the money they have, but they are forced to sell the investments they have cheaply because of an emergency.
So, I think if you want to try investing in bitcoin for the long term, to buy land, that's not a problem, many people do that, but make sure the money for daily needs, savings, emergency money, and others is also met. because if not, then it could threaten your investment in the future.

a few months ago the price of bitcoin was still around $25k++ now the price is already $40k++ if you started buying bitcoin when the price was still under $30k then now your $11 thousand money has increased almost 1.5 times, well the price of bitcoin continues to increase as time goes by, so don't think long about buying bitcoin, rest assured that when you buy bitcoin at the current price then in the next few years the price of bitcoin will increase rapidly and you will get a profit of 3x or even 5x from the initial value you bought bitcoin at this price, when it's certain that your dream of buying land using Bitcoin will come true smoothly.

I am a government servant, working in regional land office.  At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars.

My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place.  

Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank.

It is important to diversify your investments to spread the risks. While bitcoin can be a lucrative investment, it is important to stay on top of market trends and potential regulatory changes. In addition, I advise  to consider other investment options alongside bitcoin.

That's  great idea! Make sure you choose a reliable platform for your transactions. Diversifying your investments is crucial to reduce risk. Remember that markets can be unpredictable, so it's wise to only invest what you can afford to lose. Consult a financial advisor to make sure your decision is in line with your long-term goals and risk tolerance.