Topic: I will invest the money to buy the land in Bitcoin. - page 8. (Read 1207 times)

The current market price of Bitcoin reached above $40k. Some other people already consider it as a sign of bull run or a possible correction may happen anytime soon. Your plan of investing your money in Bitcoin next year is a good idea, but always remember not to invest it in one go. This may lead you to having regret if ever you see the value of your investment to decrease if ever we have a pullback in the price of Bitcoin.

Remember, don't invest your money in a lump sum. You better have to be patient and know how would you invest all of your money. As you said, you know how to invest in Bitcoin, build your strategy and let us all accumulate until the next bull run.

This is a good condition, especially because you are a government servant. On my local exchange, government servants are actually not allowed to register on the exchange or invest in crypto because they are afraid of money laundering. So, if there is and can be, this is really good.

One of the points here, as long as you understand Bitcoin, have sufficient knowledge about investing in Bitcoin, and moreover the risks of investing in Bitcoin, then you are ready. Therefore, maybe this is a good decision for you to invest this money in Bitcoin with all the risks. Anyway, you also have to keep an eye on the market, because you don't miss the moment if one day you have to take profits. and of course, seriously secure your assets and maintain their privacy for the security of you and your assets.

I think that's the most interesting idea you could make especially in the halving season next year because it will gonna be a whole lot of excitement for the investors since they are witnessing another history in the making and at the same time their investment is multiplying. But of course, this is the same thing as the others when it comes to this kind of decision because no matter what happens, you will be the only one left and consider these advises just other opinions and make a decision on your investment in your own so that you won't be regretting it when things won't go as you were looking for.

From reading your post, It tells you already know the risks involved with investing in Bitcoin and therefore have made up your mind, good for you so far it something that pleases your heart, and truly we are at the verge of a new bull market cycle and I would say this is when investment and time is in agreement, But still I would suggest you put greater part or half of the money in Bitcoin and use half to buy a land in a place that the money can afford to buy a land than keeping in the bank to avoid being robbed by inflation and until when your investment in Bitcoin is mature then you can sell both the land and Bitcoin to now buy land in a place that meets your desire.

I would say that this is really a good decision if you are looking for a really long term investment. Understanding the risk is reslly necessary but you should invest only what you can afford to lose since you are just probably just hype due to the recent price of Bitcoin which is the common mistakes of newbie that usually end up in regret later on.

I really like Bitcoin investment in general but we are talking about life savings here that you earned for many years. I just think that you should only invest part of it instead of investing all to Bitcoin just to make sure that will still have some money in time that your plan didn’t go well initially.

I should believe to understand that when you have plans to acquire some sorts of properties probably that is just to be secured and not to be in a current use and you are not ready about its usage and also considering the amount of money needed to purchase the property, it is wise enough if you can Invest the realized money set for the purchase and lure it to Investment system whereas it would profer you some sorts of income to enable you attain the requirements to you can obtain your desires.
That is a great one for you at OP. I don't know your taste or desired quality of land you needed but it should be believe that the accumulated funds saved in my he bank for those couple of years would had offered you an appreciable income hopefully having you the phase to reaching your point of goals in acquiring your desires.
Bitcoin is no just a means to save your money but also an assets to trade and make profits so saving a not now usable fund in the bank seems worthless.

You have a good plan to start investing in bitcoin. Yes, you can invest in bitcoin whenever you are ready and want.
The important thing in investing in bitcoin is that you know how much money you want to invest in the sense of only using money that you can afford. When investing in bitcoin, you can use the DCA strategy, which has helped many people own more bitcoin.
If more government people had open minds like you, it would accelerate the adoption of bitcoin so that the government could accept bitcoin as a financial instrument.
The government will not see the negative side of bitcoin but also the positive side of bitcoin so that they can accept bitcoin as something that has benefits for their finances.

I think you have made a good decision because it is better to invest in Bitcoin instead of keeping money in the bank.
If you invest, you have to take risks.But I think investing in Bitcoin is less risky than investing in other coins even if the price of Bitcoin falls, it recovers quickly. If you have a total of $11,000, you can save a few months of household expenses and invest the rest in Bitcoin.
Since you want to buy Bitcoin and invest for a long time, maybe you can get good profit if you invest for two to one year. According to crypto analysts, Bitcoin halving will probably start in 2024 and from then on the bullrun in the cryptomarket will see the amount of Bitcoin you buy almost doubling.In addition to investing your bitcoins, it is important to consider which wallets will keep your bitcoins safe.
Finally, a small tip for you is that the wallet you use to hold your invested bitcoins must protect the wallet's private key. Because as the saying goes, "Not Your key Not your Coin"

Good luck with your plan, I'd say you need to be a risk taker in order to believe that your money will grow investing in bitcoin.

Investing on land on the other hand will give you a safer future since land does appreciate, that's guaranteed regardless of its location. However, investing in bitcoin could possibly yield a big return, but since the future is uncertain, there's no guarantee you'll be profitable, that's why it's called a high risk investment while land is belongs to the low risk type of investment. 

OP, I'm suggesting to not put everything in bitcoin, I mean, it'a a way to minimize the risk if you don't put all in one basket, maybe forget about buying a land for now as it's not a viable option. Maybe try to start a business, I think even at $1,000 you can already start, it doesn't require you to start with big capital as eventually your money will grow if you manage your investment well. So please consider lots of options, I'm sure it's not hard to find opportunities now since everything can be found in the internet, you just need to be focus with your goal.

From my view this whole stories looks like a cooked and organized story but anyway, my little advice to you is that landed properties always appreciate any point in life no matter where and any position and any location the land is being situated with just few period of 3 years to 5 years you would see a massive turnaround within the area you bought the land. I have never seen anyone that talks bad against landed properties while is the major investment points for everyone, even as we do invest in bitcoin you should have it at the back of your mind that the only thing reliable is the landed properties you have bought because if you wanna resell the land you will have double of what you bought it.

I still love the idea of investing in bitcoin but sincerely speaking this is not the right time to put such huge amount of money into bitcoin alone, rather to protect and split your investment you will have to invest some percentage to bitcoin while you used the remaining percent to invest in landed property to secure and diversify your investments.

Since you are not getting the land as you expected then investing in Bitcoin can be a good decision for you. I would have given you the impression that investing in Bitcoin is risky enough and you have to accept that risk if you said you didn't know about investing but you made it clear that you know enough about investing and that you are aware of the risks. Since you know everything and plan to invest in Bitcoin with $11K, you can implement your plan quickly. I am currently noticing that the Bitcoin market is constantly changing and that change is definitely a positive change. Bitcoin price is increasing in 24-hour period and it is likely to continue this trend for a long time. If you can invest $11K, in Bitcoin and hold, there may be a time when you have enough money from this investment to buy land.

If I may ask, what do you need the land for, if it is to build your own house, then I will advise to to share this money into two parts and use half part to buy land, I know it might be too small but that was the purpose of you saving this money, and land is also an asset. Buy the land and use the other part to buy bitcoin. I am happy that you have interest to buy bitcoin but don't only think about the profit side alone, you should also have it in mind that bitcoin might not also bring that profit that you are expecting so that you don't get disappointed at the end of the day.

What I will say is this, it is better you use the money to buy bitcoin now because if you want to wait till next year, bitcoin price might be higher than this, because there is news that Bitcoin ETF will be approved by next year January. So if you buy now, you are at the advantage to have more satoshi in your wallet than when the price is higher.

You can also share the money that you want to use to buy bitcoin into three parts, if you are still in doubt, you should use one part to buy now, and use the second part to DCA weekly or monthly and the last part keep it for buying at the dip, so that if peradventure bitcoin price dips, you can use it to buy so that you don't miss out. You are someone that can excel in your bitcoin investment, if you invest in a long term like 4-10yrs and above because you are civil servant with a good pay.

As a newbie that want to start your bitcoin journey, you should use DCA method to buy weekly or monthly with that amount that you do save monthly in the bank till it accumulated to 11k like you said. Use it to buy and before you know it your bitcoin portfolio will reach a significant amount. You should also have a bitcoin target so that it will make you stay focused.

Don't forget not to keep your bitcoin in an exchange, after you have purchase your bitcoin, you should transfer them to your noncustodial wallet.

I would agree to your idea withdrawing your money than let your money sleep in a bank with only small amount of interest. If you invest it in bitcoin, most likely you will yield bigger amount of profits as long as you continue hodling it for 5-10 years without being tempted to sell early.

However, you should apply caution when investing most especially that bitcoin is a high risk asset. Do not go all in with bitcoin, but invest first with an amount that you are comfortable to lose, once you made profits,then take the risk of increasing your position in your bitcoin portfolio. Owning a land property will only be in profit if you use for commercial purposes, but investing in bitcoin gives bigger chances of high profitability especially if you hold your bitcoin for long indefinite years.

If you are sure to do it, Bitcoin is the safest asset choice compared to others.
Holding for the long term will be a good investment as long as you hold it and sell when your desired price target is reached.

$11k is quite big money, you can spend Bitcoin gradually or with DCA when there is a drop in the price of Bitcoin.
But Bitcoin is now still on Bullish Mode to welcome the halving that will occur in April 2024.

Investing in Bitcoin is not without risk, but there will be a risk of volatility occurring, you should be aware of that.
Don't get too panicked by Bitcoin's decline, and the point of doing DCA is to take advantage of each drop to buy cheaper.

So make sure you are sure and understand the investment you will make, rather than just saving in a bank that will never provide any benefits.

As long as you understand how BTC truly works and you know all the risks involved then you can make your choices accordingly. Investment for the future is always a very good plan. I don't know what country you live in but since you've been saving that money for a very long time I'm sure it must have been affected by inflation.
You said you understand the risk but I'm still going to stress it, it's not going to be easy seeing your life savings going down. This can happen during a dip. Hopefully, this doesn't happen for a very long time because I'm very optimistic about Bitcoin for next year.

I'm more focused on where you decide to hold this money and your security.
Since you're holding for a long time and you're not a trader, please don't keep that money in a custodial wallet.
Save your money in a non-custodial wallet where you have the keys and the wallet is controlled by you.
Also, this is your life savings we're talking about, so please take conscious steps to take your security very seriously. Don't be lazy, it's better to take that extra caution and seem paranoid than lose a whole lot of money.

We're approaching a very bullish time in Bitcoin (hopefully), and there are going to be different forms of scams flying around in the name of investments. They're going to be very enticing and juicy offers, please don't fall for them. Research has shown that there are more crypto scams during a bull run so please don't fall for any of them.

Bitcoin is a high risk investment with a very high Return on Investment. The risk there is because Bitcoin is highly volatile.  Before you decide on whether you want to invest in land or Bitcoin,  assess yourself very well. What is your risk tolerance level,  are you investing the amount you can afford to lose? If yes, Bitcoin is open for you. But if deep down you feel you cannot let go your 5 years savings, then buying a land is not a bad idea either since there are little or no risks involved.  The price of land appreciates too but not compared to The Returns you get on Bitcoin if you are bold enough to invest.

Your financial background too will help you base your decision. If you have more left after investing in Bitcoin then it shouldn't be a problem.  DCA will help reduce your risk. Assess yourself very well, know what you are comfortable with.

That is a decent sized investment op and I admire your guts to invest it all into BTC despite knowing the risks involved. Banks offer way more stability for sure, but BTC offers way higher returns with higher risks.

I advise you to store your BTC in extremely secure wallets like hardware wallets/cold wallets in order to make sure that your funds stay safe.

You have to understand that Bitcoin is not a get-rich-quick investment so for that you have to be ready to wait for some time or even a long time before the $11k Bitcoin investment will materialize and sure you have a better chance to get your desired land location with bitcoin investment as long as you are ready to wait for bitcoin price to increase.
So if I may advise you, I will say if you are still in government service and you are still in the land office, it's perfect then to buy and hold some Bitcoin for a long-term base let's say 1 to 2-year holding period, and keep an eye on any available good location to buy the land, this way you securely invested your money and possibly will achieve your aim but have to take longer time, you also must be ready for the risk of holding bitcoins and how best to approach the market both for your buying and selling positions.

As the main point you want to buy Bitcoin is to grow your money, make sure you're not get tricked with some centralized sites especially an exchange where they offer staking feature in order to grow your money. It's high risk since you can lose all of your money when the exchange went bankrupt or hacked.

The best is always hold your coins in your non custodial wallet.

True, good advice. Even if the OP is thinking ahead or for his future, it is also good if you will save some or more, like safe money in case of emergency or, let's say, in case you lose your investment, but I don't wish that to happen. just saying and setting a foundation. Well, I admired your dedication and your risk-taking because not everyone has the courage and dedication to start something that they know is risky. Anyway, I wish you good luck. You may have knowledge and ideas about bitcoin, but still, the path is scary and risky, and of course, the money you have as an investment is not just any amount; it is the money that you have saved up for some years. I think many here will give more of their opinion and advise just me. Remember to always set a plan B in case anything happens; we never know; the market is unpredictable.