Topic: I will invest the money to buy the land in Bitcoin. - page 6. (Read 1249 times)
I think you're imagining what if you've been saving that money through Bitcoin all over this time than being kept in the bank. But what's done is done and you can never revert the time. While it is obvious that you've done a better decision and you've already going to do that with all affirmation to yourself. There is no coming back and you're just moving your money from no-volatile storage to now, a highly volatile asset since you've sacrificed for now the buying of your land.
It won't be a bad idea if you choose to invest this amount of money in Bitcoin, leaving it in the bank will be a huge lose. We are gradually entering the bull market, it will give you profit that you can add to your profit to acquire to get the land property. It will be be far better than dropping it in the bank because of steady depreciation of the traditional currency. But before you take this decision you need to understand that bitcoin is very volatile, it is longterm investment that profit can be made by hodling, if you are okay with how bitcoin is you can go ahead and invest.
At the time I planned it I felt I should have planned it earlier.
There is no time when anyone plans to invest in bitcoin will be taken as the wrong timing or late period of investing in bitcoin because as it is now, bitcoin is still at its early stage and the majority of people all over the world are yet to invest and know about it. But here you are, having the knowledge of crypto volatility and the importance of investing in it for the future, that it will give you many profits in years to come compared to having your money kept in the bank without any profit attached to it in years to come order than your money been devalue in years to come. Whether the mistake of not planning bitcoin investment earlier enough, don't judge yourself because of that but instead count yourself lucky as one of the investors of bitcoin who knows about it. That's the most important thing and what matters most because you have queued in for financial freedom bitcoin brings to its investors.
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.
Just make sure that you are ready for the adventure you are about to undertake, this is money that it took you 5 years to save, so make sure that you do everything you can in order to protect that money, as we have seen many cases on the past of people that bought bitcoin and then they store it in an online wallet and lost it all, so just as you have been committed to save all that money, you need to be as committed when it comes to protect it as no one else will do that job for you. 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.
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 support your decision to choose Bitcoin investment than saving your money in a bank. You must know that you won't get any profit if you save your money in a bank, you even need to pay monthly fees. It is very different if you invest the money in Bitcoin, you have the chance to multiply your money as the price of Bitcoin rises. Since we are heading the bullish season, you're in the right time to buy Bitcoin. You don't need to keep it for a very long time, you can take profits in less than 2 years.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.
It is good if you already know the risk. Before you invest in Bitcoin, make sure you have sufficient knowledge first. You need to understand the potential of the profits and know the risks as well. You also must understand when the right time to buy and sell the Bitcoin. There is a time that you are better to buy, but there is a time for selling. In bearish season, it is the time for buying but it is the time to sell your Bitcoin in the bullish season. I suggest you to learn the cycle of bearish-bullish season.
When you establish a solid plan for your future, most likely success will easily come to you than those who have no solid plans from the start. So I want to compliment you for that OP. Now, that you are decided to invest in bitcoin at the beginning of the new year, then start educating yourself now about bitcoin. Be aware of the common risks, as much as be more open for losses than expect major gains, most especially that you are still a beginner in bitcoin.
Start your bitcoin investment with small amount at first. You still have a lot to learn with your investment and you might incur losses a lot before you can experience real profits. So always invest on your extra money that you are willing to lose if ever your investment will not work.
Start your bitcoin investment with small amount at first. You still have a lot to learn with your investment and you might incur losses a lot before you can experience real profits. So always invest on your extra money that you are willing to lose if ever your investment will not work.
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 liked this tweet that CZ Binance posted on December 3rd, where he decided to leave his job ten years ago and sell his house to fully aped into Bitcoin. Some may consider this decision wrong due to the volatility and risks in the Bitcoin and crypto market in general. However, he could calculate and manage the risks, having the courage to invest instead of avoiding risks. I assure you that putting money in the bank and making profits from it is a waste of time and not worth the effort. Through Bitcoin, your capital can grow fantastically. Investing your money in Bitcoin is a sound decision because it is the best investment that will shape your future. It's possible that you can buy not just one piece of land but many pieces in any position you want eventually through your BTC profits. Trust in Bitcoin and learn how to manage risks and hold your amounts for the long term.Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank.[..]
SOURCE: https://twitter.com/cz_binance/status/1731233341028888936
If that what you think about bitcoin, then put your trust in bitcoin and bitcoin will make it happen for you. Buying a land probably is everyone's dream most especially if you are just renting most of your life. But if buying a land creates a hassle on your part, then try to invest in bitcoin first and when you reap decent profits, reserve some profits to buy your dream land and use the remaining profits to reinvest.
However, since you have a huge amount of fiat right now, learn to manage your funds well and only invest on the amount that will not give you burden whenever you lose that amount. Bitcoin investment is known to be secured and highly profitable, but it does not happen with just a blink of an eye. One should work hard on it, and put maximum patience while you are in the process of long term hodling.
However, since you have a huge amount of fiat right now, learn to manage your funds well and only invest on the amount that will not give you burden whenever you lose that amount. Bitcoin investment is known to be secured and highly profitable, but it does not happen with just a blink of an eye. One should work hard on it, and put maximum patience while you are in the process of long term hodling.
Don't invest all your budget in any asset that you think has good potential for providing returns if you don't have a reserve budget. Keep in mind that markets are always at risk due to price volatility - but that's not the only risk you need to be aware of. The risks to your security and safety must also be considered - I mean you can still lose all your investments due to your own mistakes such as losing access to your wallet or your wallet being hacked.
Use a quarter of your total budget for investment - then you can buy and accumulate when the price of bitcoin falls. For you - I think DCA is very suitable because you have a monthly salary that you can probably still set aside for investment. So I repeat, use only a quarter of your current total budget for investment - then accumulate every month.
Use a quarter of your total budget for investment - then you can buy and accumulate when the price of bitcoin falls. For you - I think DCA is very suitable because you have a monthly salary that you can probably still set aside for investment. So I repeat, use only a quarter of your current total budget for investment - then accumulate every month.
Well, that is really hard work for years of saving money, but if I were compare the price of houses here in my country, I think 11 thousand USD won't be enough. Which is why your plan to invest in Bitcoin than saving it in the bank is really good, so the money could still grow and work for you than being saved in banks. Just remember that Bitcoin would be much more beneficial if you hold it for a long term investment, if you are planning to invest all of your funds I thin it would still be better to timing your investment based on the markwt, sadly the current state of the market is already high but doesn't mean you are too late. It is still up to you, it's your money after all, just do your own research first and invest at your own risk. Goodluck!
On one hand, the best time to buy bitcoin was yesterday, so you're late OP, but on the other, you're still early, but the more you wait the smaller return you can expect to have, although it's going to be big enough to satisfy your needs anyway (probably) because you can't get 200% return anywhere else, so that should be fine by anyone's standards.
IMO you chose the right investment, but I don't know your situation and it may happen that you need this money early and the return just isn't there. Usually people who invest their only available money are the ones that later come crying that they sold and lost it instead of holding.
IMO you chose the right investment, but I don't know your situation and it may happen that you need this money early and the return just isn't there. Usually people who invest their only available money are the ones that later come crying that they sold and lost it instead of holding.
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.
You have really tried. That means you really knows the importance of saving for once 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.
You have really made a wrong decision here by saving your money in bank. It's better you make your money work for you to earn more than to save in bank where little interest is given and part of the money is been deducted as monthly charges.
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.
This is great for your country if you can save up to this in 5 years without embezzlement.
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.
Land is a good investment if gotten in a good location. I think with the nature of your job, you should be able to get land where your money can be double within limited time.
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.
At the time I planned it I felt I should have planned it earlier.
You have made a great choice investing in Bitcoin. Make sure you have understand the pro and con of investing in Bitcoin for long term goal before investing. I will also advice you to diversify this your savings. Invest part in Bitcoin and use the remaining to acquire land even if it is in a common area where you are sure of profit, this profit can help you to solve some financial problem if it arises. You can as well use the remaining to start a mini business so as you to use the profit for some daily expenses within the family.
Since you want to invest for long term, you can invest in Bitcoin. Bitcoin should be a long-term investment, it has very low risk, and you can't even buy the land you want right now, so instead of putting money in the bank, invest in Bitcoin for the long-term. Because the price of Bitcoin is increasing rapidly. Its price may increase 50k this year. If you can invest for a long term of 2 to 3 years then what you invest now will get many times more returns later. Because the price of this is likely to be 100k in 2024 itself.
When you talk investment in cryptocurrency and long-term investment precisely then you talk of bitcoin because I know quite well that among others cryptocurrencies it's bitcoin that have a very big potential and we don't need to compare it with other coins in terms volatility, bitcoin survive every bear season and that is while every investor will advice to invest in with bitcoin, so therefore its obvious that cryptocurrency investment have to do with a serious precautions, so I believe that their is no altcoins that can have same or equivalent volatility bitcoin has, that's while it's recommendable to ensure you have to choose bitcoin as the best cryptocurrency to be invest for long periods of time. 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.
Your money, Your rules!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.
Its none others business on what are the decisions you would be making since its your savings and not theirs. Its good to know that you are pretty aware about the risks involved on which this is something which its important to know in the first place. Now that you are deciding on buying Bitcoin then good luck! We cant really be able to draw out some conclusions whether this one might be ending up positive or negative
but in 5 years time then we can assume that we might already on higher price or value although it wont be an assurance but if i were you then i would be waiting up for the bearish market to come.
Just like into those moments where the market had gone down to $15k. Now that we arent still on a bull run period and since we are still that going for halving event then it would be wise
that you should be waiting up at least for that last dip before making some entry.
With this then you could really be able to enter on prices on which we could really say that this is something that you could maximize profitability. The only issue on this kind of method
or way, is on how you would be able to determine the bottom?
Many people see bitcoin as a quick rich scheme without understanding the real potential of it. What OP have planned is really appreciable, because he had understood well about the market as well as the risks associated with bitcoin. Keeping hold in the bank doesn't let the investment worth $11k grow high. The same in bitcoin will assure of good return in the long term.
If if buy a land without proper analysis about the surroundings we might end up in loss as the value depriciates. The land value rise is mostly for the specific locations and investing on them needs very big money. With bitcoin the smallest denomination lets you to invest based on one's ability. Bitcoin investment assure you with growth, if you have the patience.
If if buy a land without proper analysis about the surroundings we might end up in loss as the value depriciates. The land value rise is mostly for the specific locations and investing on them needs very big money. With bitcoin the smallest denomination lets you to invest based on one's ability. Bitcoin investment assure you with growth, if you have the patience.
At the time I planned it I felt I should have planned it earlier.
Firstly, there is no written word for starting to invest in BTC, and your goal is correct. It is better to invest in BTC than to put your money in a bank where there is absolutely no profit there and even the value of your money will go down.But of course, investing in BTC also has risks if volatility occurs, therefore you need to study it better so that your goal of growing your money is achieved. And I think the most important thing when you buy BTC is to choose a trusted exchange because there are so many fake exchanges. After you buy it, you have to keep it in a non-custodial wallet. This is necessary because your investment goals are long term.
Your decision to invest in Bitcoin will surely bring a good potential result in the future. Investing in Bitcoin can be a good opportunity for those who are willing to take risks and stay informed. Although Bitcoin has historically shown strong recoveries after price drops, there are no guarantees in the investment world. As you are planning a long-term investment, the big challenge now is how comfortable you are with Bitcoin investing in the current market hype. But I think you should go ahead and invest in Bitcoin right now. Bitcoin halving events have historically affected the market, but you should proceed with caution.
Good luck and congratulations for doing that. We don't hear this type of plan and admission at all times. As long as you have understood how volatile Bitcoin is and you're aware of its upside down movements then you're good to take that volatility that it has.
I admire you for doing that because for a beginner, most of the time we say to only invest what you can afford to lose but it seems that I don't have to say that to you. Based on what you've said, you're already determined and considered those things before even investing.
So, we go with the waves and roller coaster move of the market. We're all on this together so not just a good luck to you but to all of us.
And soon, you will be able to buy that land you're planning and probably a bigger part of it.
I admire you for doing that because for a beginner, most of the time we say to only invest what you can afford to lose but it seems that I don't have to say that to you. Based on what you've said, you're already determined and considered those things before even investing.
So, we go with the waves and roller coaster move of the market. We're all on this together so not just a good luck to you but to all of us.
And soon, you will be able to buy that land you're planning and probably a bigger part of it.
Its great to know your decisions OP. At first I thought it would be a wrong move for you to choose bitcoin instead of land because the latter has lesser risk right? And why would someone trade it for s crypto that is so volatile? But it seems like you already weigh the outcomes and you are very much decided to your choice so salute to you!
There is said" No risk No gain".You believe in Bitcoin. Trust your abilities. And you wanted to buy land with your savings. You could also get the benefit by keeping your account in the bank. But you thought it better to spend that money on buying Bitcoin. And you did well. Earn good money from Bitcoin. And with this income, he not only bought land according to his wishes but also earned more. And you are satisfied and happy with yourself. We are also happy to know that you have done a good business and we wish you to earn well in the future.
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