Topic: Only Sell what you don't need. - page 3. (Read 897 times)

Even if selling personal property and investing the money in Bitcoin doesn't make them lose the money, it's still not a recommended thing to do because you should only invest money that you have as a spare for investments that you make for your future. If someone is trying to make a career out of cryptocurrency trading and trying to put together a capital for it, that's a different thing but even for that, you are not supposed to sell important things and you need them in your life. You can't sell your house and start a business with the money, you will have nowhere to live in case the business doesn't go the way you might have expected.

So, even though Bitcoin investments generally bring profit eventually if the investor is patient, it doesn't mean a person should invest all that they have in it to try and maximize their profits because that's the wrong thing to do. Be moderate with your investment decisions because investments are never guaranteed to bring profits at expected times.

Op going with your explanation I think there things you failed to understand about the believe of people, a lot of people have come to realize that regardless of the price volitality of Bitcoin it doesn't stop them from doing their business hence they believe that there will always be acrise in the price even though it took longer than expected.

You may not have believed some of the stories where some members talked about selling some of their properties to purchase Bitcoin because you have never done it before but yes I think I believe some of them because I have also gave up something to purchase Bitcoin and regardless of the price right now I don not regret it.

If selling some properties that are not likely to give us profit is the last option, I will do it. Sometimes we need to decide to let go of some things for a better future. I could make sacrifices if I knew that this new investment could give me more than the properties that I'm going to sell. Indeed, we all have different points of view and it was really for us to think about what is best and what we can get from having this new one. At least, we selling something for a reason and that is to multiply our money, not just to spend only for nonsense stuff.

Selling property in order to purchase an asset like Bitcoin could be dangerous if the analysis and timing of the investment are bad. In my opinion, you should sell what you no longer need and be very careful before making any significant financial commitments. The adage "you should only invest funds that you can lose" is frequently used about cryptocurrencies. My advice to anyone attempting to sell another property in order to invest in bitcoin is that they should be sure of their investment strategy because if the strategy is poor, it will bring about a loss of funds.

Most people tend to indulge themselves into Bitcoin with little or no knowledge about it. Some not considering the volatile nature which can cause panic to sell off and very ability to hold funds for  long term.
I have friends who are willing to enter into Bitcoin, always disturbing to teach them but after my explanations they get frightened and not wanting to invest because they felt Bitcoin is a quick scheme to earn in a short time.
I won't judge those set of people who wants to sell their properties to invest, only them knows how they feel and the urge to be a Bitcoin owner, for sure there is no loss of funds as long a person is capable to hold for a long term. Selling properties to buy Bitcoin is not very advisable as your expectations to making profits will take longer than expected which will make you panic and might even want to sell lower than your entering price or just at the tip of your profits

Selling your property is like losing your own advantage to your own property, which means you are not capable anymore to enjoy its future profits since you are already selling it for a cause. And for me, that is not an ideal strategy. It's still best to work on it to achieve or acquire a new investment, not selling your previous property and trade for a new one.

However, that is only from my own point of view. We all have different concepts about selling properties, and for me thats not my nature of doing.

My father always said to me that don't ever sell your land you should make it fertile and use it for the fruits and vegetables etc. So keeping this thing in mind I have never look for selling my land nor for anything whether if we talk about the crypto it would not be a good and completely wise thinking to selling a person's own land just for investing it in crypto. Because may be and often the land prices increases surely with time to time. But in crypto we can't have full information whether we can get the profit or we would be given and handle loss .

Even though your idea is good, not everyone is willing to sell their land because there are several factors that limit it, one of which is memories and also the hope that the value of the land will increase many fold, i still remember one of the members here made a good post, for an asset like property is actually not much different from bitcoin, the price will rise if the location is strategic and usually a lot of land will not sell because the location is not strategic and the price is expensive, so don't be surprised that some land will sell for decades to come.  Bitcoin investment is really good and very profitable, but if you want to sell your property, think about it carefully unless you are very sure and reckless.

Bitcoin investment has certainly its known risks that need to be taken care of and overcome. If you are not competent enough to beat those risks, then I suggest find another investment that will be easier for you to handle. And one thing also, never invest if you are not capable to, not only in terms of acquired knowledge and skills but also when it comes to capital. Selling your unused properties may not always be the best option, but saving through your extra money or profits.

You don't need to sell off your first property just to acquire another property. That gives more risk and pressure on your part. Just invest when you are ready, by not compromising your other properties even if you say those are not making decent profits.

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.

It is quite risky to sell immovable assets such as land and property, you have to know what you are doing and you have to enter at a really low price. Don't let the purchases you make cause you to lose even more and end up panicking too much. In fact, it is not really advisable to sell land and property for Bitcoin investment, because the price of land and property will also be higher and you cannot buy it back at the same price. Long-term investments take time and require patience, don't panic about declines and don't sell at a loss.

Honestly, I don't actually encourage anyone to sell off property so you can enter bitcoin investment. You might lose them both at the end of the day, most especially if you are still in the process of learning bitcoin investment. Instead, I advise them to save money so they can afford to invest, not to take a loan or sell off properties. However, if you have a lot of properties that you are not benefiting anyway, then selling could be valid and invest into bitcoin only a portion of your selling profits. Do not go all in as this can cause a great loss for you especially if you are still a newbie investor.

But as much as possible, just invest if you have spare money to invest. If you think you can't afford it right now, then add more side jobs so you can save a lot. That way, without selling or taking a loan, you become capable to invest without compromising your hard-earned money.

That is why we should plan it so well and seek some advice for additional ideas.
As we know, investment is one way of multiplying our money which makes some people decide to sell their properties that won't give them money. Of course, anyone can be attracted by hearing stories that they become rich because of Bitcoin encouraging others to take action as well. Some make it in the right way in selling their land and they spend some for crypto investment while there is another share for buying small properties. Indeed, smart investors know what is really they are doing and they think it so many times before making a decision.

Selling of properties to buy Bitcoin is not advisable. Apart from Bitcoin it is the same thing to other investment. However, there are people who store wealth or value on properties for future purposes. This senerio can be considered. Because when the time is set for you to make your investment you can sell it and the value of money will still remain the same or increase for you. For instance if you bought a peice of land for 20k for the main of storing the value for future business or investment in the next few years you will have more of that amount. Because land increases exponentiallly. Then after that, buying Bitcoin or investing in Bitcoin will not be a bad idea because you only saved it on a lander property just because you want to invest. In this case your not selling what you don't need.

What risk are you talking about? Because I don't see any with Bitcoin, if you mistakenly expose your recovery seed that's your fault, but volatility in the price of Bitcoin is not a loss, you just have to hold longer is all, by the way, someone who sold his land did it for long term purposes, not some get rich quick strategy, I sold my land early last year and I have bought Bitcoin at 17,000 with no regrets, even if the market crash hard right now it's still not a loss for me, because I don't need the money right away, I will only sell when bull market is here and not instantly, it was a well spent money so far, I don't regret selling my land to buy some Bitcoin..

I even almost sell my car but I change my mind because I have other means to keep DCA into Bitcoin for a long period of time into 2024, some stories are not always true but no one should take peoples story very serious if they don't believe, it's really not by force, like why should I prove that I sold my property to buy Bitcoin? What is in for me to gain doing so?

True or lies, people sell their things to buy Bitcoin, you don't have to believe it, some people are good at taking risks while some find it very hard to do, as for me I am in a good position buying Bitcoin at 17k and 15k it's worth it so far, I am up over a 100%.

We don't know if the story is true since they are just posting a story and anyone can write that up just to get sympathy or praise from people who read their tread. But I don't really get the point on why people do that especially if they said they would use it for bitcoin investment since this could put them in huge danger to lose their wealth in an instant.

Especially if the people who post it since maybe they just create a story so that people will have an impression that they are so passionate on bitcoin but all of it is just a lie since they are just trying to earn some merits from the story they created.

Even if I am experience crypto investor and trader I will not sell my house for bitcoin investment since usually I only use the small amount of money earn from something and don't have plan to do risky decision especially on physical asset since we know how risky the crypto market is.

Good logic about selling and buying back. But mind you that when you use a smaller amount to buy another piece of land, it's either far from the current sold land you did because it's cheaper.
That's one thing to consider when buying back another land but if it's a smaller portion then it's more possible and it's just actual land with no any fence or so.
And after you do it for Bitcoin, do not regret that you have bought it and as you watch the market up and down. Don't invest too much on your emotion.

I would like to say to think carefully and study the situations of the market carefully if we are about to invest huge sum of money to Bitcoin.  I am not against selling properties to invest into a new business or investment venture.  As long as the investment gives us profit that is ok.  What is not ok is investing in an investment blindly.  Like selling properties that is supposed to be invested to Bitcoin but is invested to HYIP and scam companies that pretend to be trading Bitcoins.

Selling property to invest in Bitcoin is to the owners discretion.  I know they had done their research well and is ready to take a huge risk for possible huge gains.  If we study the Bitcoin market, its price and its cycle, it is really tempting to take risk because, for example, the current market trend is about to go bullish after the halving event, that is what the Bitcoin cycle is indicating, and investing huge amount of money right now can give a perso a huge profit specially if the price doubles or triples during the ATH breaking event.

I believe those people who sell their property has more confidence in Bitcoin market than his property price market.  So we cannot blame them if they do sell their property for the sake of getting more profit.

If ya got some house or whatever that ya don't need no more, I guess it makes sense to think about selling it to get some Bitcoin.  But don't go thinking Bitcoin's a sure thing or nothing - its risky! You gotta look into it real careful before you throw money at it and  maybe you'll strike it rich or whatever, but maybe not.  Just saying you should know what you're getting into if you wanna swap your house for magic internet money.  It could work out, but it also might not pan out how you hoped.

I can understand selling unused items or gadgets, but properties and other real-estate properties, that's actually
hard for me to do in exchange of investing in crypto market. I would leave such asset as is and just find other disposable
ones if in case I will buy certain alts. As this market is still a very volatile one, you have no idea when will you can get profit out of your coins.