Topic: I will invest the money to buy the land in Bitcoin. - page 5. (Read 1144 times)

Your choice of investment will be very profitable and I think  that you are not too late yet but if you are waiting till the Initiation of another year so may be you become late that time as bitcoin is going up and up in response of halving. Bank saving cannot give you much profit as that of bitcoin can give you but still there is a risk associated with bitcoin but as you have said that you know about risk then hopefully you will also know about the solution of this risk.

If you have some amount with the aim of using for emergency and also you can carry out your duties well then this amount is good for giving your profit. Always remember that before taking step into any business share your idea with your family as family can give you better decision instead of other colleagues of crypto world.

This is really great to see that you choose Bitcoins for the investment. I am not saying that Bitcoins will give you guaranteed returns, but yes it’s the best investment option present currently which offers moderate risk and moderate profits. Land investments are also great, but there is many overhead associated with it later on. I would say OP, that you did amazing job. Now just hold the coins for some months and definitely you will see great profits later on.

The suggestion you make does seem quite good if someone wants to use it, but personally I would only consider two coins if I wanted to put money into cryptocurrency. If I don't put it in Bitcoin, then another option is stablecoin which I have also trusted for a long time to put my money without any hesitation. Meanwhile, at the bank, I will only put what is necessary in moderation because I consider the bank only as an intermediary to make my work smoother if occasionally I need to make a transfer for my own work partner.

Everyone has different ideas for something like this, although I also wouldn't put all my money into the bank if I still liked and could afford to put it somewhere else like the crypto space. But because I still have to use the bank for certain things, I will continue to allocate money separately into several places even though I will only put what is necessary into the bank and the rest into the crypto space. And I think the idea you offer is also not so bad for everyone even though we don't have to equate our mindset with other people in this matter.

The risk of investing in Bitcoin at this moment is minimal because of halving expectations and reduction in block reward. I can boldly advise anyone to take that risk with Bitcoin now than I would've done last year. Even if it dips after you invest, don't be scared. It's an upward movement from here. Though we will get some retracements on the way, don't panic. I took same decision and I'm already 20% in profit. I don't intend to sell off until after halving and beyond it.

It's a very wise choice to invest in acquiring some BTC asset because for long term holders, it would pay better that saving in the bank.
One consideration I would like to expose, is that BTC is money and restricting it to only a long term investment plan is not using it for the full potential it stands for.

I like the fact that BTC is decentralized and devoid of any prying eyes that wants to know our portfolio and that's what makes investing in it, a solution to solve future problems or actualize future dreams.

I agree that he needs to be patient that he can wait for the correction. While we've seen the market moved up quickly, there will be some corrections that shall come and he needs to wait for it if he wants to buy a bit lower than the current price.

But there's also a good strategy that he can simply buy at any price which is the known DCA and there's no problem whether he buys to the top price of the current time.

Because a year or two, the price will be more than what it is today.

I would say that it's going to be a better choice to invest in Bitcoin and for that you should also try to follow a DCA strategy that would allow you to accumulate a lot of Bitcoin in short span of time and then you may hold those Bitcoin and earn good returns by holding for Bitcoin investment for at least a year or two.

You can also follow a dip buy strategy as that one has been helpful for many investors and they have accumulated a lot with that strategy but in order to do that you'll need to be active on the market by viewing the charts everyday for many hours and then you'll be able to know the dips and can accumulate Bitcoin during those dips.

I must say that you'll need to have a sperate system most probably a cheap laptop that only you can use and access. You should first clean up that laptop by formatting the all drives of that laptop and then install Linux based distro on your laptop to safely create your own personal wallet on that laptop. I would recommend you to use an open-source wallet software like Electrum for the purpose and then save your private key and seed phrases in a secure location in your laptop's hard drive as well on paper.

Then without a very small amount of Bitcoin into that wallet and once you receive the withdrawals then copy your wallet address and make that system air-gapped by turning it totally off and never allow it to be connected to any internet connection. Now use a different device to purchase Bitcoin and deposit the Bitcoin into that wallet and see your confirmed deposits via a block explorer. Wait for Bitcoin to gain enough value and sell it when you think you profits goals are reached. I hope that would be helpful for you. Best of luck.

Nowadays, many people are realizing that it is better to put their money in bitcoin than in a bank. They can still put money in the bank as long as it's the right amount and not a large amount. But if we want to collect a large amount, it is better to put it in Bitcoin or one of the other top 5 altcoins in the crypto space.

Even if I had a lot of money in the bank and had 100% idea or knowledge about Bitcoin or cryptocurrency, I would really pull out my money from the bank and exchange it for digital currency. And I don't regret it; that's why I salute the decision made by OP.

Gladly that he had decide to bring the Money in bitcoin than banks that only uses our money
to make them rich and remain as poorer , this is how stupid banking system they are using people are milking cow ,
when it is our money that hey have handling and yes if something bad happened we cannot even get a full refund
so where is the justice ? OP make one of a heck to make His life better in the coming years.

You are doing one best decision for your family and of course for you in the future, Land is the strongest investment human can have as long as this is titled and legally bought because sometimes the not paper bought brings to taking back or having big issues in the future.
but as long as this is legit transaction then yes you are preparing best for your family, but why not try investing in bitcoin for longer time? since you don't need it for a while? then if the price goes multiple times then buy more larger land and with House and Lot .

You took a nice decision. When you keep your money in the bank, the interest rate is very poor and it won't generate anything meaningful. If you choose to use the money to buy a landed property, it might take many years to appreciate in value. Choosing to buy Bitcoin instead will be more rewarding especially now that the market is getting ready to go bullish. If you invest now, by 2025, you could triple your money, then you could buy a land and also use part of the money to continue your Bitcoin investment.

  What you want to do in the eyes of others is a good plan, and another is for them to tell you to think carefully first because you have been saving for years. So, for me, you should think that he is okay if you are really determined.

  Just make sure for yourself that you are ready for any consequences here. So, honestly, if you already have a broad understanding of Bitcoin, that's good. So good luck with your decision.

You have taken the right decision at the right time but if you had taken this decision six months ago, you might have made a much larger profit now. Let's say if you had bought and held half BTC amount six months ago, you would have almost doubled your profit by this time.  The current Bitcoin price has almost doubled from what it was 6 months ago today. Still investment decision will not be bad for you if you can invest with maximum risk. $11000 is too much to invest If you are ready to risk this huge amount of money then you can start your investment. But don't invest only thinking about profit but also invest thinking that your money might get damaged if you invest.

You have made what is best for you and family though i wanted to questioned you for deciding putting money in bank instead in investing in bitcoin , How can you imagine if you start investing here 5 years ago? you should have tasted the halving in 2021 and for sure now more than doubled or more from your funds not .

but I wanted also to congratulate you for having allow yourself saved that amount for 5 years and now buying land as also the land is making significant increase each yeah depending to its location .

If you are ready for all the risks involved in Bitcoin investment and you are ready to lose the money, do it now, not later. Bitcoin is on an upward trend, perhaps at the beginning of the new year its price will increase much more than it is now. I don't want to say Bitcoin is the best investment, price volatility can make prices change at any time, there are times when the value of your money will fall and on the other hand it will suddenly increase even more. The potential for money growth is greater in investing in Bitcoin than buying land, if the money is not used for other needs, you can make long-term investments to get bigger profits.

Definitely a good choice to invest in Bitcoin, but at the moment just wait for a correction, the price has gone up twice the price, for me now is not the time to buy, I know how eager you are to put the money in Bitcoin, but this is your first lesson you should not buy when the price is going up, instead wait, there is a time to buy and a time to sell, if you have ever decided to still push through I would suggest keep half, why? because in the event the price goes down you can still buy and add it to your portfolio.

Op, since you have $11,000 and have prepared to invest that $11,000 in Bitcoin, it's great because investing in Bitcoin is much better than keeping money in the bank. Because if you invest Bitcoin you will get 100 times more profit than the profit that the bank will give.

However, since we are currently in the beginning of a bull market. Right now you will be better off if you invest and hold for a long time because the market will probably go up in early 2024 because the Bitcoin ETF is scheduled to expire in January 2024. If the Bitcoin ETF expires in 2024 then the market will go up for sure. If it is possible to invest in bitcoin now then you can invest in bitcoin. After investing I will give you some advice that you must follow.

My advice would be that the wallet you keep your bitcoins in must be secure. The wallet seed phrase must be kept in a location that no one can ever access. Since investing $11,000 worth of Bitcoins, you can use a hardware wallet to make your investment more secure. Not only do you invest, but you must be more secure in holding later. As the saying goes, protecting freedom is more difficult than achieving it.

Since you know the risk of investing in Bitcoin and the possibility that it might go down unexpectedly, I think you already prepared yourself for the worse that can happen. That's good because you are aware of what you're getting into, but still determine to invest despite of the risk. Well, for me it's a good decision to invest in Bitcoin rather than keeping it in Bank due to the low interest.

However, we know it's a roller coaster ride when you engage yourself in Bitcoin that's why an investor must need a lot of patience and firm to hold for long term in order to get a positive result.

Does this mean that you've quit your government position because you've said that "end of five years" with your working life? This is a tough decision if you're going to ask me because when you're comfortable with the job you've got and you're about to quit to do other things then it is necessary to think of it so many times before you do it.

And it's nice to hear that you're able to save money from that job of yours because not everyone is fortunate enough to save money as they work for that long. There can be others that have higher than the amount you've said but it's not a secret when many weren't able to save with their lifetime jobs. For your plan of buying a land, I know how it feels to be when you've got that money and it's gonna be gone once in a blow after buying a land.

Do not regret that you have just moved. What's good for you is that you have made the initiative already and made a move before anything else happens or before you see the market soaring high that you'd think it's too late.

Property is a good investment, but by my experience, it is not enough to maximize your profit even if you invest it in bitcoin. I have property land 3 years ago, and was sold it just to change my strategy investment to Bitcoin. What I got?, of course, profit more than my expectation. When I calculate, my land property is just growing up 50%, I bought $5000, and the price now is only $7500 for 3 years. But, when investing on bitcoin on $5000, your money can be $15000 or more when you hold it again for 10 years. Selling property is not easy like you sell your bitcoin. You still need agent which must spend % money for marketing. but in bitcoin, you can sell it on the second without need it again agent or broker.