Topic: Is bitcoin best option to invest - page 2. (Read 1215 times)

Investing is good but selling property to invest nah I don't I think I will advise that for anyone if anything should happen to the market it will definitely affect your investment, I prefer a situation where you use any money that you don't need to invest, one thing I despise is selling off my property, all is about planning and another thing is if you in possession or items you don't need you can sell to invest, and I see that we are on the same page, and depending on bitcoin fully is also not advisable better we have other sources of income so that we don't temper with our investment that is for does that have invested.

Selling land to invest in bitcoin would be a bad idea if we only have one piece of land and our whole family is living on it. But if we have a lot of real estate and sell a few unused pieces to invest in bitcoin, it is not a bad idea. But the sale of assets should only be thought of when we are not using them. We should not be lazy and thinking that we just sell the property to invest in bitcoin and will make a profit from it without going to work. .

Yeah, I'm not doubting your decision; it's your money, it's your property, and it's your decision. You chose how to handle everything yourself; so long as you successfully archive your Bitcoin investment, that's all that matters to you, isn't it?

But also, I don't seem to know why you are comparing one million naira to one million dollars. With the current rate of USD/NGN, 2000 dollars is about one million, six hundred thousand naira, which is far less than a million dollars. Despite the fact that Bitcoin is not up to a million dollars, your land can still cost ten to twenty million naira, but it's not close to a million dollars. I have one question: let's say you have five plots of land and you don't have any bitcoin at all. Would you consider it a foolish act to sell one or two plots of your land to invest in Bitcoin?

Well Bitcoin is not the only investment sector that can be entered. Because there are more other sectors out there. I personally also invest a lot in other things. Especially in my business, which I keep trying to grow to be bigger. Investing in Bitcoin which does have a high risk is certainly not good for us to enter with all of our financial capabilities. We only enter with small money that continues to be stacked regularly (DCA) and we save it for the long term to hopefully get big profits in the future. And well it's not for quick schemes nor is it for quick profits either. But Bitcoin is worth getting into with the money we have. But of course only with cold money and not hot money. Remaining household expenses or from additional income from side jobs and others.

I agree with the OP on this point.
Many say here that Bitcoin is the best investment and blah blah praise Bitcoin, it's a little boring. But regardless of how you use Bitcoin, you still need money or fiat to buy it. Where will the money come from? work. Never risk all of your fiat savings, especially if you decide to trade Bitcoin.

Well for me I will not sell my land property to invest in bitcoin but I will use half of the land to get a collateral loan and invest the Loan money on bitcoin, lands are also an investment, in future that 1 piece of land might worth millions of naira but today 1 Bitcoin doesn't worth millions of dollar, it take more than 10 Bitcoin to worth millions of dollar today but we are all hoping for bitcoin to reach that stage when 1 bitcoin can Worth millions of dollars.
If we want to sell some of our properties to invest in in Bitcoin I will prefer selling car or a motorcycle because these things are also a responsibility nowadays, you will have to buy fuel all the time especially now that the cost of fuel in my vicinity is too high.

Well Bitcoin is not the only investment sector that can be entered. Because there are more other sectors out there. I personally also invest a lot in other things. Especially in my business, which I keep trying to grow to be bigger. Investing in Bitcoin which does have a high risk is certainly not good for us to enter with all of our financial capabilities. We only enter with small money that continues to be stacked regularly (DCA) and we save it for the long term to hopefully get big profits in the future. And well it's not for quick schemes nor is it for quick profits either. But Bitcoin is worth getting into with the money we have. But of course only with cold money and not hot money. Remaining household expenses or from additional income from side jobs and others.

There's no doubt about it since it attracts huge companies such as Paypal and others to turn their company into one of the crypto online payment as well. Bitcoin is huge and it never fails those who invested for the long term because they know based on its history that the price will recover over and over again. If only people would consider checking its past history, they would have known that the price is 100% recovered but doubt took them and they missed the most important thing, to sell those bitcoins when it reached new ATH.

The stock exchanges have sometimes better returns than Bitcoin.
Ok if you sell at ATH and bought at 20 000, its hard to beat. But who is that lucky? 

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Have you ever taken the time to actually educate yourself about what it means in the current digital economy? Are you susceptible to being swayed by every media rumor and purported "investment guru"  choking advice?

You can certainly imagine turning your 500 into 5k in your dreams. And who wouldnt? However, the real world is not some fairytale world; not at all. Profits require knowledge, planning, and most importantly, guts, particularly in a market as volatile as Bitcoin.

Bitcoin is not a magical cure-all that fell from the sky. Its a digital asset with advantages and disadvantages. It can push someone closer to financial freedom while simultaneously driving others to depth. So who are you?

Indeed, you have the option the most important is that you find a way how to start investing in Bitcoin. It was not necessary to sell anything if we already have enough money to start nor to sacrifice valuable things in our life but somehow, sometimes we gonna do this to seek of new opportunities.
Well, selling our land is certainly not a good idea but some people see it as the best option and I see why, and it is because they believe that investing in Bitcoin will prosper more in their life than having it. Because if I don't get a huge benefit from that land, I also sell it and look for another opportunity.

Well for me I will not sell my land property to invest in bitcoin but I will use half of the land to get a collateral loan and invest the Loan money on bitcoin, lands are also an investment, in future that 1 piece of land might worth millions of naira but today 1 Bitcoin doesn't worth millions of dollar, it take more than 10 Bitcoin to worth millions of dollar today but we are all hoping for bitcoin to reach that stage when 1 bitcoin can Worth millions of dollars.
If we want to sell some of our properties to invest in in Bitcoin I will prefer selling car or a motorcycle because these things are also a responsibility nowadays, you will have to buy fuel all the time especially now that the cost of fuel in my vicinity is too high.

Well, it is somehow not bad to sell some land properties in order to invest in Bitcoin, but it depends on how the person handles the sale of those properties.

as an investor, it is highly recommended to have many businesses so that the invested assets will not be sold at a loss because they need funds or others, bitcoin as one of the investment assets has price fluctuations that change very quickly, just imagine the rapid changes that continue to occur in bitcoin every hour so that if a bitcoin investor does not have other income besides bitcoin investment, it is likely that the person will lose money especially when changes in the world economy occur very quickly.

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It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.