Topic: I will invest the money to buy the land in Bitcoin. - page 9. (Read 1144 times)

Well, assuming that what you say is true, because in this section there are many invented stories and we have no way to verify that you are telling the truth, and considering that you are only looking for profit, surely now is a good time to buy because we are at the beginning of the bull market. If you buy now and keep the investment for a year and a half or so you will most likely get good profits.

The only thing I would recommend is that if $11K is all you have, don't invest it all. It is more basic for example to have an emergency fund for 3 to 6 months of expenses. Once that money is set aside, you can invest the rest in Bitcoin.

Investing in bitcoin is certainly better than depositing money in a bank, but it will also be riskier than depositing money in a bank. I don't have much advice for you but I hope you know what you are doing with your money and as long as you feel it is right because it is your money. I just remind you, the higher the profit, the higher the risk, no asset can deliver high returns while remaining safe, and bitcoin is no exception. Furthermore, we not only care about price but also many factors such as how to secure bitcoin, store bitcoin properly...I hope you have enough knowledge to protect your bitcoins.

you right about this invesment because it is much better to invest in bitcoin compared to just holding your money on the bank which will not give you any interest.

investing in bitcoin can give you the potential to get a higher profit, even more profitable than buying land whose value is not too significant in recent years.

the development of bitcoin prices in recent times has increased significantly and if you can hold it for a longer time you might be able to get more profit. although it has a risk, but this is a potential investment.

You have the right mindset. If you have chosen to invest in bitcoin and you talked it over with your spouse and you are sure that this 11 thousand dollars which you say you have right now is money you can afford to lose, then do not wait until the beginning of the new year to invest the money in bitcoin. At that time the price would have appreciated to 40k plus. Buy now, not later. Buy in bits weekly, biweekly, just buy do not wait until later.

Having a piece of land is also a great investment. It will appreciate in value over time. It is less volatile than bitcoin and you cannot lose the land to scammers or fraudster as you would in bitcoin is you do not take the proper security measures.

Weigh the pros and cons before you proceed.

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.

This is really a good decision. If you are thinking to buy Bitcoin. You should accumulate now and I think this is the right time to buy if you can hold this amount for a long time. If you will hold tight so I am sure you will be able to buy more land in future as compare to now.

But It would be great if you could buy with DCA method. I don't know when you come in the Bitcoin world but If you accumulate the Bitcoin for 5 years with DCA method so I think If you had bought this way you would have been in profit now.

Well, this is not the time to regret. Just buy now and hold tight. If you believe in Bitcoin so definitely it will give you the benifits of your believing.

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.