Topic: Only Sell what you don't need. (Read 897 times)

Thinking about the future is the work of the wise, every conscious person is always eager to reach his ultimate goal.
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.

Thinking about the future is the work of the wise, every conscious person is always eager to reach his ultimate goal.
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.