For me, I find that the best solution for investing in Bitcoin is for the investor to have a fixed source of income. I do not prefer for anyone to sell his property, inheritance, or even property that he does not need, as these old properties can be financially beneficial or needed one day in the future but may not be purchasable at their old cheap prices due to price increases, etc. or because Bitcoin does not yield the returns needed at that time.
Whoever does not have the capital to invest in Bitcoin must commit to financial management and risk management, make efforts in multiple jobs, and rely on more than one method to build their capital or sell their services resulting from their experiences and skills online. Also, it is best to refrain from taking loans or selling expensive assets like gold or property, as these assets are also real-world investments. We should not eliminate them to invest in Bitcoin and buy back what we sold later. Perhaps someone may disagree with me, but I am convinced of my opinion that Bitcoin is like other cryptocurrencies. However, it is the safest and should also be invested wisely and at appropriate times and periods.
Topic: Only Sell what you don't need. (Read 812 times)
Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.
However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
Thinking about the future is the work of the wise, every conscious person is always eager to reach his ultimate goal.However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
The main topic here is investing in Bitcoin. Here you have to make a decision using conscience and sense, no person or organization has the power to interfere with your decision.
It's fine if you sell your property and invest in Bitcoin, but don't let that property be your only means of living.
Yes, if the individual needs special money, then 50 to 60% of bitcoin canbe invested and the rest of the money can be used as part of the future.
Quote from: Sanitough
Selling some properties that don't give you an advantage might be quite reasonable as long as you use your proceeds to invest in a secured and profitable investment. And bitcoin is right for it, but I suggest you don't have to invest all your profits just to maximize your investment profits in the future. Bitcoin is still a high risk asset, so invest with caution and always invest what you can afford to lose. That way, you can still use your remaining profits to buy a cheap property, or whatever investment that you think will be highly valuable in the future.
And that profitable investment, it should be BTC and it can give you double of what you invest because you sold the properties to change your financial level, and you must verify before making a final decision to invest the money.Investing all your money you make from the properties to BTC, is not advisable because something can happen that will make you to need money to survive or solve some issues, but if everything is in BTC, it will not make you to be comfortable with your hodling because there is no money to solve the problem.
Quote
Bitcoin is obviously risky yet a profitable one. That's why try not to invest all in, make a leverage when you have gained already significant amount of profits later in the future.
You can divide the money into two, and invest half in BTC and use the remaining money to establish other businesses you can use to sustain yourself and family because BTC has a high risk but there are some benefits attached to it , if you can be able to endure through out the bear run. Quote
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
It's never advisable in the first place to be selling your property but there is a clause to that action which is, if the particular property isn't all that useful and maybe served it's purpose then selling it off isn't a bad ideas so far as the money gotten is used for better things then we are good to go especially if it's used for an investment means and not just any investment atleast something that can earn you profit in time coming and Bitcoin is the right place to throw such money.
I have sold three things so far to buy bitcoins and with these three things I did not make much profit selling my property because of the high bitcoin market when I bought bitcoins. But I made a profit of $60 when I sold one of my last pieces of gold jewelery and invested in Bitcoin. So selling the unnecessary things that I don't need and investing in bitcoins is definitely not a bad thing.
All landed properties is always needed people acquire lands to hold it for Long duration of years, so if by saying that people should sell what they don't use anymore then I will say car because car is adding nothing to our lives rather it would take from us by regularly servicing it and maintaining the car. For land you have nothing to spend on it rather to keep your documents safe and secure to properties, so sell properties is risk except for cars or any other automobile propertied.
Before taking any big decision we should consider all our financial obligations and future needs. Be cautious and thoughtful when entering into any type of investment and Bitcoin is no exception. It is always best to invest with money you can afford to lose, as there are no guarantees in any investment. Taking out a loan or selling a property can be risky and can put you in a difficult financial situation if things don't go according to plan. Since money is personal, the decision must be yours. But those who gamble constantly lose money, at some point they sell their money or real estate and create a gambling mindset. I think they should invest in Bitcoin whether they understand Bitcoin or not. At one point they can see potential future profits, which are much less risky than gambling.
plan very well before action. when an individual acts before proper planing, such individual is directly planning to fail. So I suggest that even your assets which you feel like maybe have exhausted, don't just wake up and suddenly take decision of selling it. You have to think over it again and again to avoid regret at the end.
Actually, we don't need to sell the assets we own to start investing in Bitcoin. We can use existing money in the sense that it is money that we do not use for other things. That is to reduce any risk that might occur. However, we cannot prevent those who want to sell their assets from investing in Bitcoin. By selling the asset, we must be prepared if the price of the asset will increase many times over.
We can only advise them to use the money we can afford. Only people who have thought about the risks can decide to sell their assets to invest in Bitcoin. But for most people, they are better off using money that is not used for any needs.
But whatever decision they take, they must understand the consequences. And you also have to be ready for whatever will happen.
We can only advise them to use the money we can afford. Only people who have thought about the risks can decide to sell their assets to invest in Bitcoin. But for most people, they are better off using money that is not used for any needs.
But whatever decision they take, they must understand the consequences. And you also have to be ready for whatever will happen.
It's not advisable to sell your assets in the name of trying to invest in Bitcoin. How sure are you that it will work out fine in Bitcoin?
infact your assets most a time, are also consider as an investment since they are not liabilities, you are also expecting profits in return and if am not mistaking, that is exactly why you are investing in Bitcoin. So why selling it again?
I think this person should rather use the money that is left in his hands cash for this purpose and not selling of a particular asset. The idea is not a good one.
Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.
However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
You are talking very important topic.Own property how to distribute it's very important.if any one think about anything buy and keep 3-4 year for profit it's good thinking.Also very important how many investment for particular thing.
If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.
This concept is only understood by people who already have high talent in terms of investing, especially BTC. They always tie their belts tightly when they see a good opportunity in sight. In my view, this pattern can also be considered investment barter where the most prominent in the future is prioritized even though one of the assets is sold.
Regarding risk, there is certainly but the opportunity for return is also quite capable of buying similar assets that have been sold before. My temporary conclusion is that the world of trading and investing is only people who can and always win in this investment.
Even though there is a big opportunity to make a profit, Bitcoin investment is like a double edged sword, at certain times it can provide profits and at different times it can cause large losses. You need to be mentally prepared when investing in Bitcoin because the movement is very similar to a roller coaster. This needs to be an important consideration for investors who want to sell other valuable assets such as land, houses or cars just to hope for bigger profits from Bitcoin investments.
Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.
Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.
Having valuable items is like a backup asset to you as an investor because any asset is also a long-term investment that will definitely save you in the future in case of any future endeavor. That is why it is called an asset. Even with the wisdom involved, I don't still think it is a nice idea to sell your asset to invest in bitcoin. why? Because bitcoin is directly a cyber investment that dumps and also rises, which is applicable to those physical assets, all of them are the same thing but have different risks, so if bitcoin is really a place to invest what you will be capable of losing, I don't think you are supposed to sell those assets because you will not be capable of losing them.
Why sell properties just to acquire an asset, op point is definitely valid cause in bitcoin investment we have both the bull and bear market so from my observation people who sell different kinds of property to invest don't think about the bear market rather they channel their thought towards the bull market. It's expected people like this will always want a quick profit, like I will always say there's no investment that's risk free but rather all investment has a risk attach and when it comes to bitcoin people usually mistake the price fluctuation as the risk but they fail to understand the security measures. Selling properties to acquire an investment (bitcoin) is wrong as no one can fully go into bitcoin 100% so people with this mindset should think about diversification not just bitcoin.
Personally, for me it just doesn't make sense to sell a house or land just to invest in Bitcoin, I mean if you already have it, for sure it is a much safer investment that you have than Bitcoin, mostly these things increase its value over time as well similar to Bitcoin plus its tangible assets compared to Bitcoin which is just speculation, price is just depending on the supply and demand on that market so you have no assurance in the end.
People who sell properties to invest money in Bitcoin barely do it for a security concern but they do it because they believe Bitcoin can generate quicker profits for them if the land or house they are selling has been bought or built for investment purposes. Some would even sell properties that they didn't buy for investment purposes which isn't what I would recommend as you said because it isn't worth it.
For someone like me who is investing and profiting in Bitcoin so that I could buy a house, land, etc., and make it a passive income it doesn't make sense to sell it just to buy Bitcoin, You have a point if it was just an unusable land for you, it's very far away and you just can't do anything about it, it would make sense just to sell it, then buy a new one that is near you where you could actually use, or possibly make an income out of it. Or even live on it, it's a good inheritance for your son and daughters having these houses and land, etc.
Different people will have different mindsets hence different purposes behind doing similar things. You might be struggling to earn some money to build a house, but someone who already has it might think they can earn money by selling it and using the money for investments.
Keep in mind that Bitcoin is still a gamble it is not guaranteed to make any kind of profit out of it, just because you see people get rich on it, it doesn't really mean that you gonna get rich as well, there was a lot of things that you need to consider so make sure you know what you are doing.
Even though I wouldn't compare it with gambling, I would still agree with what you said earlier that one shouldn't sell a property that they know is for use purposes unless they have it as something extra that they might have bought and they aren't using it or going to be needing it in the near future.
Investing in Bitcoins by selling property, investing in Bitcoins by mortgaging your home, borrowing money from others, investing in Bitcoins, but there is no need to do these because the future of the investment is uncertain. Let's say you invest with a house mortgage and the person who gave you money in return for the house mortgage gave you a certain time to make the financial plan, but what do you do when the investment does not make a profit during that time? At that time, there will be a lot of pressure on your head, you will want to pay the person any way you can and when you see a loss in your investment, you will not want to sell your investment, which means you will be in a lot of trouble. So there is no need to invest by selling land or foreclosing the house but we should invest with the amount of money we can afford to lose and the amount of money we have.
What I have to say is that instead of selling every asset to invest in bitcoin it is better to still have these asset and also try to make bitcoin another asset add to the existing ones.
People sell off assets to invest in Bitcoin simply because they don't have cash at the time an opportunity presents itself for investment and they don't want to miss that opportunity. For them, it's a juicy moment they shouldn't allow pass them by; so they sell off one to invest in another. Most times, those who sell these assets have a plan of rebuying them once they make nice ROI from their investment in Bitcoin. Whether it works out that way or not at the end is what we can't tell.First I'll like to differ on the popular saying on this forum that we should only invest what we can afford to loose in bitcoin. I think that we should change that mindset, because it degrades bitcoin, like it's something that is not worth investing a substantial amount on. Among cryptocurrencies, bitcoin, stands out as a top valued asset that guarantees ROI for investors.
No one is disputing that fact of Bitcoin being top among cryptocurrencies but caution still has to be exercised in Bitcoin/crypto investments. This industry is volatile and full of uncertainty. Wait till you experience a bear season and you will realise why that caveat of only investing what one can afford to lose remains a maxim. 
Even though there is a big opportunity to make a profit, Bitcoin investment is like a double edged sword, at certain times it can provide profits and at different times it can cause large losses. You need to be mentally prepared when investing in Bitcoin because the movement is very similar to a roller coaster. This needs to be an important consideration for investors who want to sell other valuable assets such as land, houses or cars just to hope for bigger profits from Bitcoin investments.
Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.
Wisdom in making decisions is very necessary for investors who want to sell other valuable assets just to invest in Bitcoin, investing money that can bear the risk is better than selling other assets that have great benefits in the future because price fluctuations in Bitcoin investments can cause disappointment when losing investment funds. If they are long term investors and are able to control their emotions when price shocks occur, I don't think it's a bad idea for those who want to sell valuable assets to invest in Bitcoin.
Personally, for me it just doesn't make sense to sell a house or land just to invest in Bitcoin, I mean if you already have it, for sure it is a much safer investment that you have than Bitcoin, mostly these things increase its value over time as well similar to Bitcoin plus its tangible assets compared to Bitcoin which is just speculation, price is just depending on the supply and demand on that market so you have no assurance in the end.
For someone like me who is investing and profiting in Bitcoin so that I could buy a house, land, etc., and make it a passive income it doesn't make sense to sell it just to buy Bitcoin, You have a point if it was just an unusable land for you, it's very far away and you just can't do anything about it, it would make sense just to sell it, then buy a new one that is near you where you could actually use, or possibly make an income out of it. Or even live on it, it's a good inheritance for your son and daughters having these houses and land, etc.
Keep in mind that Bitcoin is still a gamble it is not guaranteed to make any kind of profit out of it, just because you see people get rich on it, it doesn't really mean that you gonna get rich as well, there was a lot of things that you need to consider so make sure you know what you are doing.
For someone like me who is investing and profiting in Bitcoin so that I could buy a house, land, etc., and make it a passive income it doesn't make sense to sell it just to buy Bitcoin, You have a point if it was just an unusable land for you, it's very far away and you just can't do anything about it, it would make sense just to sell it, then buy a new one that is near you where you could actually use, or possibly make an income out of it. Or even live on it, it's a good inheritance for your son and daughters having these houses and land, etc.
Keep in mind that Bitcoin is still a gamble it is not guaranteed to make any kind of profit out of it, just because you see people get rich on it, it doesn't really mean that you gonna get rich as well, there was a lot of things that you need to consider so make sure you know what you are doing.
One of the reasons why we make investments on profitable assets is to help us earn and never depend on having a single source for that, it will not make sense if we are having a profitable physical asset of investment that is yield and we are earning from such, then we discard and sell off all because of intention for making bitcoin investment, this isn't perfect enough because we should have at least more than one source of income, except the physical asset is no longer profitable and has turned a liability, then we can decide on selling and investing on bitcoin with the money.
From where I stand on this, only a stupid person will actually sell off an asset that's quite beneficial to the person because I see no reason why anyone would even make such decision, because I believe no matter whatis planning or investment idea he has, having other means that can cover up for such plans is probably the right and best thing to do not letting go of an important physical asset just for the sake of making a move towards the particular plans in mind. 
One of the reasons why we make investments on profitable assets is to help us earn and never depend on having a single source for that, it will not make sense if we are having a profitable physical asset of investment that is yield and we are earning from such, then we discard and sell off all because of intention for making bitcoin investment, this isn't perfect enough because we should have at least more than one source of income, except the physical asset is no longer profitable and has turned a liability, then we can decide on selling and investing on bitcoin with the money.
I don't think 'need' is the correct term, if we talk about investment and diversifying portfolio, investment itself is not a necessity, we can still survive without our portfolio. And people invest only after their basic needs is fulfilled. We could sell when we think we can make more profit in Bitcoin instead of in current investment.
Investment is very important for us to keep making money in the market and diversifying our portfolio can be very rewarding for us if we know how distribute our investments in a way that is going to be profitable for us. We can make money when we share our portfolio in different investments so if one is not doing well or bringing profits for us, one could turn to other investments for profit. It also applies to cryptocurrency investments like investing in different projects so we can make money in the market without stress.
Have seen many posts in the forum posters sharing their excitement about how they sold their property's to buy bitcoin and that's what called for this thread. Some claim to have sold land/landed properties, cars and other equipments. Yeah' no body has a right to dictate for you on how or what to do with your property , it is yours anyways.
However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
Everything is about risk, but then some people take more risk than others. While some wise people take calculated risk, some others do not take calculated risk. Some other type of people do things just because others are doing same thing. They forget that what really worked for Bob might not actually work for Alice. It is left for you to make your research and do what you think is favorable to you.However, you need to apply wisdom when taking such steps of selling a property to invest in bitcoin, make sure the property you are selling off you don't need it (a property you can afford to lose) because there is a risk in bitcoin investment the embedded risk of volatility shouldn't be neglected.
Lastly, whatever property you have decided you must sell off, you could always sell divide the money, use part of the money realized to invest in bitcoin stead of using all of it, and then using the other amount remaining to buy another of that property elsewhere for a lower rate.
Now this is what I mean: assuming you sold your piece of landform $20k, you use $10-13k to invest in bitcoin and the remaining $7k to buy another land somewhere at a cheap rate. Surely, with years the value of that land will always appreciate so you still have a land (only that it's at a different location) while you invest in bitcoin stead of using (risking) all the money at ones.
Just my two cents.
I have seen people especially in African countries who sell their landed properties just to travel to Western countries. It really worked for some people that they became rich and came back home to buy such other properties. But to others it didn't work for them, whereby they have to return home and become homeless because they already sold all their landed properties before traveling. I believe in diversification of investment, so it is not nice to put all your eggs in one basket. The advice is op is purely valid.
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